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@NgoveniSbu
Busy shaping the world. ๐Ÿšง ๐Ÿ”จ
Jan 21, 2020 โ€ข 7 tweets โ€ข 3 min read
Donโ€™t take up a bond. I know they tell you a house is an asset- true, it is but for the bank, not for you until you own it 20 years later.

#MoneyMistakesToAvoid Hereโ€™s a practical idea, this here is a 3 bedroom house for R865,000. The bond payment will be R8205 p/m at the best case scenario for 20 years. Which amounts to R1 969 200.00 (over double)