Author Topic: Reaching financial freedom  (Read 10694 times)

Patrick

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Re: Reaching financial freedom
« Reply #15 on: August 16, 2013, 02:24:05 pm »
Not a bad bit of listening! To summarise for the others, since 2007 Julia has been investing into satrix with a lump sum of R60k and then every month R5k (+- 25% of her net). Since then she's upped that rate to 33% of gross and living on 33% so pretty much saving 50% of her net (says she earns R840k per year). She's now worth about R1.8m 6 years later at age 32!

gcr

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Re: Reaching financial freedom
« Reply #16 on: August 16, 2013, 03:53:16 pm »
Well if you believe in the advertorials in the masthead - you could win R 1.5 million there's your answer to financial freedom. Does anyone moderate these adverts?
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Patrick

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Re: Reaching financial freedom
« Reply #17 on: August 16, 2013, 04:10:50 pm »
Well if you believe in the advertorials in the masthead - you could win R 1.5 million there's your answer to financial freedom. Does anyone moderate these adverts?

Google chooses the ads, and uses it's info to make them different for different people. The one I see now is for a share trading course.

Orca

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Re: Reaching financial freedom
« Reply #18 on: August 16, 2013, 08:30:46 pm »
Red Hot Penny Shares. What a joke. When I was more stupid I joined them and received a booklet that showed charts that showed "Had you invested "here" with R1000" Showing a chart of the very bottom of a stock and "sold" here. Showing the very top of the chart. You would have made 100% gain.
Now with that gain, you could have invested in xyz at the very bottom again and sold at the peak at 200% gain. Cool aint it.
They should be banned by the FSB.

I started here with nothing and still have most of it left.

Patrick

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Re: Reaching financial freedom
« Reply #19 on: September 17, 2013, 12:06:48 pm »
I like the section Patrick mentions about percentage savings required for x number of years working time. Really makes one wonder.

Bigger table for you here: http://www.investorchallenge.co.za/the-only-way-to-get-rich/