"Be like Buffett and keep 1 address. Avoid the hefty costs of moving" @brucebusiness
"The most important financial decision you'll ever make is to keep your lifestyle expenses low" @kristiavh
"Before you develop spending habits build investing ones" @CharlesHSavage
"If you desperately want the new car smell, you can buy it in a spray can" @SimonPB
"If you like money, respect it by at least knowing what you do with it!" @mayaonmoney
"Buy a cheap, reliable two year old car and drive it until it's no longer cheap and reliable. Repeat." @worldisee
"Identify whether something is an asset and make sure you own lots of assets" @zamarcashton
Those that understand compound interest will earn it and those that don't understand compound interest will pay it. Therefore always try to ensure that you are debt free. @WarrenIngram
"The best investment you can make is in paying down debt" @MichaelJAvery
"The most important thing for me is to develop a deep understanding as to what money represents in your life" @etfenthusiast
"Commit to the hardest thing known to mankind - patience" @alechogg
"I would probably default to one of Bogle's lessons. Be an Investor not a speculator" @GarethStobie
"Whatever you do, never cash out your pension when you change jobs." @janamarais
"When you have the right plan covering every area of your financial life, you can balance what you need and want today with the personal goals you have for the future." @TheDisruptorsZA
1. How to achieve financial freedom 2. Asset Classes 3. ETFs 4. TFSAs 5. Investing jargon buster 6. IDEAS to get your finances in order 7. How Tax works 8. RAs vs TFSAs 9. Successful investing
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How to put together a plan to achieve financial freedom
A RA (Retirement Annuity) is basically an investment account which holds some investments.
You can put Unit Trusts, ETFs, or even Cash Inside an RA, and these investments will be protected from Tax
while inside of the RA.
#2 Are There Minimums?
Some providers will expect a minimum lumpsum or monthly contribution. But there are some RAs which have no minimums - so if you want to start small you can.
When you buy the Satrix MSCI World ETF, this is what you are getting.
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The ETF invests in 23 different countries. This means your investment is spread all across the globe giving you geographical and currency diversification.
Your money is invested in the top companies in the world run by some of the world's best business leaders. A lot of these companies are household names - e.g. Apple, Amazon, Visa, Nestle.
The ETF invests in over 1600 different companies, so you get massive diversification