Often people say “I Quit” when in fact they have been “Fired”

What is Constructive Dismissal?

Constructive dismissal is where an employee terminates the contract of employment with or without notice because the employer made continued employment intolerable for the employee

🧵 Five things must be in place:

1/ The employment circumstances were so intolerable that the employee could truly not continue to stay on.

2/ The unbearable circumstances were the cause of the resignation of the employee.

Have you ever met with a financial adviser and felt completely out of place? You are not alone.

Here are 5 questions you have to ask before you sign on any dotted lines... 1/5

How do you get paid? Understanding how an adviser gets paid is key to understanding a lot about how the relationship might unfold. Make sure their incentives are aligned with yours & that they won’t be taking action just to earn a commission. I like fee-based advisers✔️

What Corporate SA taught me

I know people hate their 9-5 jobs, but I'm eternally grateful for these 8 lessons.

No degree taught me one of these 1/ Leverage your network

We do not work in silos. Where I lack, someone else excels. Work together for the greater good. There are more collaborators than hoarders. We made magic and shared the shine

I know many of you are scared to invest in the US markets. That's okay. It is very overwhelming.

The JSE has 462 listed companies

The US has 16 366 listed companies

Let me try to make it a little easier with a short 🧵 One huge difference between the JSE and the NYSE/NASDAQ is the Securities and Exchange Commission (SEC)

Who da heck is the SEC?

The SEC is a U.S. government oversight agency responsible for regulating the securities markets and protecting investors.

Crypto Lingo 😂

Crypto freaks (me included) like to speak in foreign. Newbies, here are some of the terms. Book mark this one okay 📚 "Stacking sats"

The smallest unit of a Bitcoin is called a Satoshi (sats). Think of Rands (the whole coin) and Cents (sats). You will often hear the crypto community say they are "stacking sats". That means that they are accumulating pieces of cryptocurrencies.

The balance sheet. I like the B/S more because we generally do not compare year-on-year or to the industry. It is thus easier.

You just compare numbers on the B/S to each other😍

Ignore that 100 other numbers. Only the yellow 2 asseblief and you are done📚 Only the yellow three and you are done😉

Many new investors are scared of financial statements. I don't blame them. Us accountants complicate the simplest things to keep ourselves employed😂

Let me show you guys the Income Statement first. You honestly just need 3 numbers. Trus bob💃

Short 🧵 Look at all these numbers😭 I would also wanna run away.

But you just need the 3 that I have highlighted.

This is Shoprite's Income Statement. I can see revenues are growing, net profits are growing and the gross profit is solid. That's all you need.

We have not researched a stock on the TL in a very long time. I am back now. Class is back in session📚

We will take a JSE favourite who has been knocked by the pandemic. We all respect them for what they do for Vitality of their members.

Let's dig much deeper into DISCOVERY📚 I am going to use the sheet to guide me, as always.

Time allocation, whether it takes you a week or 30mins:

75% - Understanding the Business
15% - Financials
9% - Management & Culture
1% - The share price itself

WHAT ARE CRYPTOCURRENCIES???

Crypto (for short) is internet money. To understand crypto, you need to understand money.

So what makes money money?

Thread 🧵 Money must have all 3 of the below:

1. Enough people must have it.
2. Merchants must accept it as a form of payment.
3. Society must trust that it’s valuable and that it will remain valuable in the future.

Imposter syndrome, also called perceived fraudulence, involves feelings of self-doubt and personal incompetence that persist despite your education, experience, and accomplishments.

I had this badly for years

What my shrink made me do👇 many of you know I am a chartered accountant and that those exams are dam hard. I passed both exams on the first attempt. Instead of celebrating like other kids, I thoroughly believed the markers made a mistake TWICE

Yes, it sounds ridiculous now, but I believed it with my heart

Ways to make money online:

1. Surveys
2. E-books
3. Courses
4. Monetize your YouTube channel
5. Affiliate Marketing (Gumroad and Fiverr)
6. Flipping products
7. iPhone Repairs (you can teach yourself this)
8. Ads (if you have a large account)

Start today📚📚📚 1. Surveys

Please follow @surveypapi I learnt everything I know about surveys from him. I do a few a month. Got some pounds for my efforts.

I invest all survey income🚀

How to read an Income Statement 101

I use this website app.tikr.com

You can type in any company and it will display the financials.

Let's use Aveng of course Red is bad. Black is good.

An Income Statement shows you if a company made profits or losses.

It contains all the income and all the expenses of the company

How to read financial statements 101

This is an income statement. It tells you if a company made profits or losses. Profits are black, losses are red.

So even if you are like Soul and you can't read...just look at colours okay This is a balance sheet. This tell you the assets and liabilities. Sorry, here you need to read, but I will highlight the assets and liabilities okay.

Something that I really struggled understanding for the longest time. Not sure how you guys feel? An ETF is usually a passively managed index fund that trades on a stock exchange. I always tell people it is a basket of shares.

Lets say you buy the Satrix JSE Top 40. Satrix buys the actual shares of the Top 40 JSE companies and you own a piece of each.