I studied mining engineering but left SA in late 90's and commoditised the international coal market in early 2000's. Made plenty of cash working in commodities (trading and investment banking) but I spent most of it on travelling the world, sex, drugs and booze. The rest I just wasted. I also ploughed millions into property in the UK just before the 2008 financial crash. C'est la vie!
I don't have millions to my name any more but I have something far more important. Something that people who are only rich really, really hate. A lifestyle that cannot be bought with money! This involved me moving to live off-grid and being able to grow and eat all our own food, for free! Plus we get a greater and greater surplus every year. I've never been healthier, drinking our own spring water, and our cow and goat milk. Chopping wood has added muscle mass, dropped my cholesterol, and keeps us warm in the winter (for free). Now I value wealth on the quality of your soil and water resources. And how much freedom you have from not paying monthly bills, and not having to deal with the government, or traffic, or mad crowded shopping malls, or a crowded subway or tube. I can go mountain biking or trout fishing in the mountains at the drop of a hat, and some of the best beaches in the world are an hour and a half away. We also ski (partially) in the winter.
Yes, Hogsback is in SA and the country is likely to implode at some point. But I've been to most countries in the world and our lifestyle, plus the chance to work with eager, young black Africans who are trying to change their lives for the better is incredible. We have some of the friendliest and happiest people in the world, who are also some of the poorest. I suspect there's a lesson there somewhere. The biggest concern to our safety is if govt. were to stop paying social grants, and/or our farmers stopped producing staple, affordable foodstuffs. But hey, the whole world is fubared and the USD is on the brink of collapse. Hence why the ZAR continues to strengthen even as the country continues to be downgraded.
The most amazing thing.... Our 10 acres of country bliss cost us R900,000. Of course I've ploughed some more cash in over the years but the question was how to create a firm financial foundation. Get out of the expensive cities and start living a less fragile, more self-sufficient, and ultimately much happier lifestyle. It's tough, especially in the beginning. But it's so much more rewarding in the end...