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Housing your investments and doing business the most efficient way.
How do the rich do it?
Let’s learn some secrets.
• Individuals
• Companies
• Trusts
(Thread)👇🏽
How do the rich do it?
Let’s learn some secrets.
• Individuals
• Companies
• Trusts
(Thread)👇🏽
• Introduction
I want to start by saying this; the system isn’t designed for you to win this game if you operate as a sole proprietor.
You’re eventually going to reach all your thresholds and it won’t be tax efficient anymore.
The rich know this, this is how they do it 👇🏽
I want to start by saying this; the system isn’t designed for you to win this game if you operate as a sole proprietor.
You’re eventually going to reach all your thresholds and it won’t be tax efficient anymore.
The rich know this, this is how they do it 👇🏽
• Individuals
• Easy to set up
• One man capital
• Single entity
• Risks are yours
(unlimited liabilities)
Sole Proprietor = alone
It could look like this. 👇🏽
(Pty Structures look similar)
A S/P doesn’t need a business set up, there’s no tax benefits.
• Easy to set up
• One man capital
• Single entity
• Risks are yours
(unlimited liabilities)
Sole Proprietor = alone
It could look like this. 👇🏽
(Pty Structures look similar)
A S/P doesn’t need a business set up, there’s no tax benefits.
Step 1:
Define your target and niche.
Recruit a small group of people, friends, family, investors.
My group was expats.
Have a window period for recruitment and target a predetermined number of people, then close admission.
*Try to Keep it as confined as possible.
Define your target and niche.
Recruit a small group of people, friends, family, investors.
My group was expats.
Have a window period for recruitment and target a predetermined number of people, then close admission.
*Try to Keep it as confined as possible.
Step 2:
Open a 32day investment acct. Members can contribute an amount to this account on the monthly, as mandated by the stokvel contract.
We decided to contribute between R1000-R5000 a month. Our contribution amount is totally dependant on our affordability for the month.
Open a 32day investment acct. Members can contribute an amount to this account on the monthly, as mandated by the stokvel contract.
We decided to contribute between R1000-R5000 a month. Our contribution amount is totally dependant on our affordability for the month.
