The principles of wealth creation assume that you can and will earn a reliable income.

Even the best advice in the world cannot help you turn nothing into something.

Wealth creation is about turning a salary into income generating assets.

📃THREAD📃 And for the majority of people, that salary is dependent on the career you choose, and how well you manage that career.

You are paid for the problems you solve and thus the value you create.

You are paid for your competence because that is what dictates your performance.

More money is not going to solve all your problems.

Money is a magnifying glass; it will accelerate & bring to light your true spending habits.

If you are not capable of properly managing a R25k salary, bumping your pay up to six figures won't solve the problem.

📃THREAD📃 If you're a compulsive spender, more money will only accelerate you into more debt.

You may be surprised to learn that in the US 1 out of 5 people earning $100,000 a year live from paycheque to paycheque, and they don't understand why it is happening.

If I'm still living in South Africa in 2030, I would have severely failed my 2 daughters. I refuse to raise them in a sick society that shows me daily that it's a matter of when, not if, they'll be assaulted and possibly killed. The pandemic in SA is #GBV. I lost my mother to this societal sickness on 10/06/2013. She was murdered, strangled to death in her own house by her then boyfriend. Her crime was saying enough is enough. He was an abusive man, a reality hidden from me by her as I lived in Jhb and she back home in KZN.

👨‍🎓MONEY LESSON OF THE DAY👨‍🎓

Every great financial plan starts with a sound budget. If you’re trying to pay off bills or save for a dream vacation, a budget is your first step toward making your financial goals a reality. Follow these steps for setting up a realistic budget. 1. CALCULATE EXPENSES

Your first order of business is finding out exactly how much you’re spending each month. Do this by consulting your bank statements, receipts and financial records.

A short thread about my thoughts on Debt. One of the best investment you can make is to pay off your debt, whatever debt you may have.

I've accepted that the money saved on interest by not having debt, is better than any return you could get by investing your money, whether in the stock market or in real estate.