Speaker 1: The Financial Matters.
Speaker 2: It's time out for our financial Matters feature. This is
Speaker 2: the Obumasanga show. I'm commato, I'm in for bra orbs
Speaker 2: this evening and my guest is in studio. He does
Speaker 2: a lot of content around financial matters and his name
Speaker 2: is the Masasa. He's a YouTube content creator. In fact,
Speaker 2: if you are on the socials, you might have come
Speaker 2: across his content. Actually, I think you must have come
Speaker 2: across his content. He's in studio this evening. The MASA
Speaker 2: good evening and welcome.
Speaker 3: Hi.
Speaker 1: How are you. I'm very well, I'm very well.
Speaker 4: How I love the studios here. Really, it's so different
Speaker 4: from the other one. You guys must have spent a
Speaker 4: pretty opinion.
Speaker 1: Listen. You know we don't always need to be saving.
Speaker 2: Hey, we are people are they want to be happy?
Speaker 2: You know, I suppose it's an emotional buye. This was
Speaker 2: an emotional Bye.
Speaker 1: Zamasa. You make a lot of content around financial is.
Speaker 2: It's very niche, very specific, and you speak a lot
Speaker 2: about saving.
Speaker 1: Why.
Speaker 4: I think saving is the first part of a long
Speaker 4: journey to getting financial freedom right or ultimately getting the
Speaker 4: thing that you want. What a lot of people actually
Speaker 4: don't get is that it firstly starts with a mindset, right.
Speaker 4: I was having a conversation with a friend of mine
Speaker 4: while driving here, and I'm sure she's listening, and one
Speaker 4: of the things that I was having a conversation about
Speaker 4: was that she's too focused on how much things cost
Speaker 4: her currently, rather than saying where can I make extra
Speaker 4: cash as a start, but then also saying when I
Speaker 4: get that extra cash, what do I do with it?
Speaker 4: Because generally it's not about how much you make, it's
Speaker 4: about how much you keep and what you do with it.
Speaker 4: So more often than not, we are focused on the
Speaker 4: wrong things. Because when you sit with people and you
Speaker 4: say to them, let me assist you. Let's let's see
Speaker 4: what your what your last three months bank statements look like,
Speaker 4: it's like they get shocked. They're like, I did what Yeah, yeah,
Speaker 4: I spent that on that. Why would I This is
Speaker 4: not me exactly.
Speaker 1: And why do you think that's the case.
Speaker 2: Why do you think we aren't tracking our finances as.
Speaker 1: We should be. I tried, you know, I'll tell you
Speaker 1: this much.
Speaker 2: I try and keep a mental note, but I, like
Speaker 2: many people, I think, will never actually sit down and
Speaker 2: go through their specific things I bought, maybe I don't
Speaker 2: want to be confronted with the truths about my habits.
Speaker 1: One hundred percent.
Speaker 4: Most people don't want to actually see in black and
Speaker 4: white who they really are versus what they purport and
Speaker 4: see themselves in their minds as being because what you
Speaker 4: spend on is who you actually are and not the
Speaker 4: person that you think you are. And if you spend
Speaker 4: on yourself and your future self, future self always looks
Speaker 4: back and says, what did also do in twenty twenty
Speaker 4: five to put me in this position? Because ultimately, what
Speaker 4: the life you will live in a year, in two years,
Speaker 4: in five years is the life that you craft today.
Speaker 4: So looking at those numbers actually freaks people out because
Speaker 4: it makes their problems real, and a lot of people
Speaker 4: don't want that. But it's through facing that as a
Speaker 4: start that ultimately allows you to get you into your
Speaker 4: space where you can say, well, actually, I need to
Speaker 4: pay myself first as a principle, I need to save
Speaker 4: and yourself first doesn't mean you today, it means you
Speaker 4: in the future.
Speaker 1: Why are you dragging us so hard? Why are you
Speaker 1: going in so hard?
Speaker 4: Because we all suffer from the same thing, but at
Speaker 4: least having the frameworks or understanding or to say how
Speaker 4: do I spend? It needs to be systemized more than
Speaker 4: it needs to be you pulling all of this hard weight,
Speaker 4: and that's that's it's actually the hardest thing. But once
Speaker 4: you get it right, when you systemize how you do things,
Speaker 4: it becomes a little bit easier.
Speaker 1: That's why you.
Speaker 4: Always hear those crazy see people that are part of
Speaker 4: that fire community that want to retire earlier and all
Speaker 4: of that type of stuff. They say the craziest things,
Speaker 4: But when you look at it, it's like, no, what
Speaker 4: it really was was it was a system that was
Speaker 4: built specifically for the type of life that they wanted
Speaker 4: to get under the circumstances that we're in at that
Speaker 4: point in time. So your system doesn't need to be
Speaker 4: as crazy as you're saying to yourself, I need to
Speaker 4: like not buy this particular coffee, I need to not
Speaker 4: do this thing I need to But what it means
Speaker 4: is that to say, whatch is my goal?
Speaker 1: What do I want to achieve?
Speaker 4: Watch is a system that can put around that and
Speaker 4: then less thinking every day and knowing that everything is systemized.
Speaker 1: What does a saving mindset look like?
Speaker 5: You know?
Speaker 2: Because I like how you say it's not the I
Speaker 2: won't buy this coffee. And I love how many people
Speaker 2: I heard it in a different podcast where someone is like,
Speaker 2: not absolutely buy the coffee, you know, but but be
Speaker 2: alive to watch.
Speaker 1: Your spending what you're spending on.
Speaker 2: And I thought, what does the mindset of a save
Speaker 2: I actually look like?
Speaker 1: Because I'm a spender, so.
Speaker 4: I think, I think what it is is we're not
Speaker 4: We're not different because we want to buy. We're always
Speaker 4: constantly being our our lizard brain is being told every
Speaker 4: single day that bye bye bye bye, yep it. Buying
Speaker 4: is not the issue. Buying when you shouldn't be buying
Speaker 4: is the issue.
Speaker 1: But how do I know? How do I know when
Speaker 1: I'm not supposed to be?
Speaker 4: You know, if you can't afford something because you think
Speaker 4: about it too too many times before you make the purchase.
Speaker 4: You know, when you if I say to you, right now,
Speaker 4: let's go and run somewhere and you're like, oh, I
Speaker 4: need water man, that thing's gonna cost you like seven bucks,
Speaker 4: ten bucks. If it's if you really like trying it,
Speaker 4: you don't have to think about that.
Speaker 1: Yeah.
Speaker 4: But if I said, if I say to you, oh, like,
Speaker 4: there's this really new car that's just come out and
Speaker 4: you go, ooh, that car would really suit me. And
Speaker 4: then but you go and then you want to go
Speaker 4: check do I have affordability, could I get this car
Speaker 4: and whatnot. But in every step of the way to
Speaker 4: buying that car or thinking about buying that car, you
Speaker 4: feel you feel iffy, like, okay, let me go test
Speaker 4: do the test drive. Let me you know you're making
Speaker 4: the wrong choice right now, you know it. You shouldn't.
Speaker 4: Your car is fine, and you're not in a position
Speaker 4: to be able to buy. And when you are in
Speaker 4: a position to be able to buy, what you have
Speaker 4: to try and do is not to buy the car
Speaker 4: above that car that you wanted because maybe you were
Speaker 4: in an A car but there was a BEE car.
Speaker 4: But maybe you're like, I can reach a B cup,
Speaker 4: but maybe I can balloon payment to get a C car.
Speaker 2: Yeah, I mean, you live on and you know, my
Speaker 2: husband always says, if it's not chairman, it's not a car.
Speaker 1: So I mean maybe you feel like, you know, I live.
Speaker 2: Once we get that German machine, le men try it out,
Speaker 2: you know, and then if they take it back after
Speaker 2: them and it's okay.
Speaker 1: And I want to say this too, I want to
Speaker 1: say this to people.
Speaker 4: Yes, I don't get to this point where I'm here
Speaker 4: evangelizing all of this stuff. I'm here to give facts
Speaker 4: about what everybody else is going through. In South Africa.
Speaker 4: Most people their salaries don't last past five days. These
Speaker 4: are the statistics on the ground five days. That's why
Speaker 4: we have a running joke in this country that says,
Speaker 4: you know, like when twelve o'clock hits on Payday, you're
Speaker 4: just literally hoping you would rather switch your phone off
Speaker 4: because you know the realities that you're gonna be faced with.
Speaker 4: So a lot of people are actually dealing with a lot.
Speaker 4: It's not just you. Does that show that most people
Speaker 4: in South Africa are indebted one, but two they make
Speaker 4: purchases that they probably shouldn't and they don't have savings.
Speaker 1: We don't have a savings culture in this country.
Speaker 4: But at the same time, there are a portion of
Speaker 4: people who have started the people in collective investment schemes
Speaker 4: in stockfels who do get into the savings mechanism and
Speaker 4: it does help them out.
Speaker 1: But a lot of people say they save for consumables. Yes, yes,
Speaker 1: so you join us stock.
Speaker 2: I know for a fact many people around you you
Speaker 2: join us stockfel. You know that you are you. You
Speaker 2: are Namba three in the quo and maybe there's four
Speaker 2: people when your uncom when it hits Yeah, I'm like
Speaker 2: you planned that isn't a good habit. But you know
Speaker 2: what I'm gonna when I get this one, I'll go
Speaker 2: buy that handbag, you know, because I've planned for it.
Speaker 4: Marginal utility, dimission, diminishing marginal utility.
Speaker 1: I always asked this, I said this to I think
Speaker 1: I said that.
Speaker 4: Had the conversation with my mom and I said to her,
Speaker 4: there's a bag that you bought I remember specifically, like
Speaker 4: almost a decade ago. Do you still use that bag?
Speaker 4: And she was like, which bag? And I said, and
Speaker 4: I knew the price of it. I'll never say it
Speaker 4: on it, but I said to it. But at that
Speaker 4: point in time, it made it feel good.
Speaker 2: Yes, yes, And I suppose that's at the heart of
Speaker 2: it for many consumers, right, It's that It's what we
Speaker 2: say when we were about to make the bad decision.
Speaker 1: What do you say? You say, I work hard. I
Speaker 1: work hard.
Speaker 2: You know you know.
Speaker 1: I work hard.
Speaker 2: Let me just reward myself and you know, life is
Speaker 2: unpredictable to.
Speaker 1: It tomorrow I might not be here.
Speaker 2: You know, you know you're about to make a bad
Speaker 2: decision then becau you're trying to convince yourself all right,
Speaker 2: So how do we then, you know, build that savings
Speaker 2: culture that you speak about. I suppose and many of
Speaker 2: our callers have said this before, where they say, maybe
Speaker 2: we should start speaking about more financial education from school.
Speaker 2: One of the time we're children, because once you've cultivated
Speaker 2: the habit as a child, you become an adult and
Speaker 2: its second nature.
Speaker 1: So it's very interesting.
Speaker 4: I'll speak from sort of like my perspective growing up
Speaker 4: with grandparents and stuff like that. What I realized and
Speaker 4: started to understand what there was always a policy out there.
Speaker 1: So my grandmother had tons of policies. She had like.
Speaker 4: Life policies, death policies, she's still alive, education policies. So
Speaker 4: I got to understand that there was something and money.
Speaker 4: There was something particular, a kitty of cash that was
Speaker 4: going every month from what she was doing, and it
Speaker 4: was going into a policy. Now there was long term
Speaker 4: thinking and maybe it was not kind of termed in
Speaker 4: the way that it's like we're saving for a future thing.
Speaker 4: It was just ePolicy right up in the eastern caps,
Speaker 4: so it's like everyone has e police and she would
Speaker 4: show you. She's like, if anything ever happens to me,
Speaker 4: here's where all my policies are.
Speaker 1: Yeah, but this one for this one.
Speaker 4: And funny enough, it clicked when I got to I think.
Speaker 1: Grade ten, right Senard eighth. When it clicked for me
Speaker 1: is when.
Speaker 4: She said, oh, there's there's a policy that's now matured.
Speaker 4: Because I think I was fifteen, it was a fifteen
Speaker 4: year policy and I was like, oh, She's like, yes,
Speaker 4: we can now kind of like pay for the rest
Speaker 4: of your thing.
Speaker 1: I was like, oh, I was like, okay, that's interesting.
Speaker 4: We went to go sign papers and I had my
Speaker 4: idea and what or do perst it together thing at
Speaker 4: the time, and I was like that kind of that
Speaker 4: was the first click. The second click for me was
Speaker 4: when my mom when I was when I got to
Speaker 4: first year, my mom said, we're gonna have to start
Speaker 4: putting money away right for but what I'll do is
Speaker 4: that I'll match you. So put some money away and
Speaker 4: then I will match you. And then I was like, okay,
Speaker 4: for what right. Remember I'm still still like eighteen nine,
Speaker 4: so I'm like, for what you like? No, for the future,
Speaker 4: so that something comes out. But the main thing that
Speaker 4: clicked was when I started working right and there was
Speaker 4: a guy who who will say will He managed to
Speaker 4: get me to save five hundred bucks right I was
Speaker 4: in I wasn't broadcasting as well, at a youth station,
Speaker 4: and he said to me, let's put five hundred bucks away.
Speaker 4: At the time, I think that must have been like
Speaker 4: five percent of my salary at the time, five hundred bucks.
Speaker 4: So I was like, okay, cool, that's fine, put that away.
Speaker 4: I managed to do that without knowing it for five years,
Speaker 4: and like fifty grand came out of that. It was
Speaker 4: a fifty grand that future self really needed at that time,
Speaker 4: but past me had the foresight to get into that,
Speaker 4: so it became a habit. I no longer saw the
Speaker 4: five unue rand deavid order. I no longer saw it.
Speaker 4: But it wasn't just saving at that time. He got
Speaker 4: me to do a double. It was saving and investing.
Speaker 2: And I suppose the difference but between the two is
Speaker 2: the one short term and the other's longer term hundred percent.
Speaker 1: And that was knowing where I was.
Speaker 4: Knowing where I was at that time, you got to
Speaker 4: understand my psyche and he said, look, what's five hundred
Speaker 4: bucks between you and anything else? It's one good weekend away,
Speaker 4: but you're already making cash in other means. Be searching
Speaker 4: of this five rebox and put it away. And it
Speaker 4: really really came in handy because life goes in ebbs
Speaker 4: and flows, and then fifty k it came in handy.
Speaker 2: Listen, we're speaking about cultivating the mindset of saving, the
Speaker 2: saving mindset. It's a difficult one because as a nation,
Speaker 2: as a people, we don't have a culture of saving,
Speaker 2: and it's one that we need to build and almost
Speaker 2: you know, make a case.
Speaker 1: For which I think we'll do. In just a bit.
Speaker 2: I want to go to our phone lines because we've
Speaker 2: got a caller that's been holding for a while. Kid morning,
Speaker 2: you're in Atriageville, Good evening, welcome to the show. Thank
Speaker 2: you so much for calling.
Speaker 3: Good liveing man, and even into your seven or shore
Speaker 3: dear listeners.
Speaker 1: Welcome gidib, thank you.
Speaker 3: Go ahead, Okay, say, I don't know if maybe what
Speaker 3: I'm asking is relevant or not is not per sefe
Speaker 3: saving this investment. In two thousand and nine about mtent
Speaker 3: shares empten Regulations Part one for two and then they
Speaker 3: told me ten shares, and then they said, after two
Speaker 3: to three years, they're going to transfer our shares to
Speaker 3: the JS you so that we can sell them and
Speaker 3: maybe buy chures from telcomor the other companies. Password to
Speaker 3: penty sixteen and they tell us that they are in
Speaker 3: financial travel a bit because the new Gerant government has
Speaker 3: decided to find them because they were overcharging the Nagerant
Speaker 3: people on data plice. To pay those people, they decided
Speaker 3: to buy us out emptien leculations all amptien circulatives part
Speaker 3: one people and then reintroduced npien circulations part two. When
Speaker 3: I try to talk to them, I've had shares with
Speaker 3: you guys for many years. I haven't seen given in
Speaker 3: a single even and now you're telling me that you've
Speaker 3: brought me out without my concern or permission? How does
Speaker 3: that record? If I buy shares in your company, I'm
Speaker 3: investing in it, so I don't know if maybe you
Speaker 3: can tell me what's away for here?
Speaker 1: And how do you feel after that money?
Speaker 2: Is it leaving you a little discouraged when it comes
Speaker 2: to the investing.
Speaker 3: Friend A bit frustrated because whenever you call them, they
Speaker 3: transfer you to their call friend tip people, and they
Speaker 3: don't know anything about the shares they tell us to
Speaker 3: go to. They become mean and said, you know what
Speaker 3: the dealer was between MTNNN. Don't talk to us, and
Speaker 3: then they drop the phone and then you don't know
Speaker 3: who to tell you anymore. You know.
Speaker 2: These are some of the things that happen when people
Speaker 2: decide to, you know, challenge themselves and then go into
Speaker 2: the saving space. And I know about the controversies around this,
Speaker 2: I can it share? What do you have to say
Speaker 2: to my name?
Speaker 4: So I think one of the core things that she
Speaker 4: needs to try and find right some of the agreements
Speaker 4: that she signed on too. When it comes to these
Speaker 4: larger sort of like share schemes, it is a voter
Speaker 4: oriented majority rules. So it might have been a case
Speaker 4: that a majority of the shareholders actually agreed to the sale.
Speaker 4: So they couldn't have just sold it. It's not possible, right,
Speaker 4: and if they did, they would have contravened something.
Speaker 1: That's one. Two.
Speaker 4: I've been part of these share schemes and there is
Speaker 4: a lot of communication that goes out.
Speaker 1: But what a lot of people, what I found a
Speaker 1: lot of people.
Speaker 4: Do is that maybe at times they change their contact
Speaker 4: information et cetera, et cetera, because they do send out messages.
Speaker 4: I was part of the Putuma Nati shares right and
Speaker 4: I luckily sold at the right time. But what is
Speaker 4: core for you to do is that you need to
Speaker 4: find the agreements that you signed or tried, maybe an email,
Speaker 4: an old email that.
Speaker 1: You can access, et cetera. That's one of the things.
Speaker 4: Two, you need to find some sort of legal advice
Speaker 4: around this, and there's generally free legal advice. But you
Speaker 4: need to show proof of ownership of those shares, because
Speaker 4: if every year they would have sent you like an email,
Speaker 4: an SMS or whatnot, that means that you were still
Speaker 4: part of the scheme and you were there. And you
Speaker 4: can show proof of purchase as well through bank statements,
Speaker 4: et cetera.
Speaker 1: So you need to go and say this is what
Speaker 1: I have.
Speaker 4: You need to try and speak to a person now,
Speaker 4: because more often than not you find that because people
Speaker 4: move on because they think that everybody else was part
Speaker 4: of that share scheme agreed, or there was a quorum.
Speaker 1: Most of the people agreed.
Speaker 4: We don't need to necessarily explain certain things the minution
Speaker 4: to a lot of other people. So you need to
Speaker 4: actually go and find out go to the people that
Speaker 4: administer the second share scheme and say, hey, I'm from
Speaker 4: the first share scheme and there are a couple of
Speaker 4: things that I do not understand and I need those
Speaker 4: and I need clarity around those, and then you take
Speaker 4: their formal official responses from that as your way forward.
Speaker 4: Do they resolve your problem or do they not resolve it,
Speaker 4: which means that you can go legal if you feel
Speaker 4: that you've been aggrieved Clivni, I hope that helps you.
Speaker 3: It has helped a lot. Thank you, because the only
Speaker 3: thing that we received from them, no email, no phone calls,
Speaker 3: no nothing. It's just every m they send us from
Speaker 3: the post uh a summarized version of their a GM.
Speaker 3: Meetings by are not part of the say we are
Speaker 3: many and then it's only they are part of that
Speaker 3: because attend and there's nothing about judents or paying out
Speaker 3: or buying us out.
Speaker 1: Listen.
Speaker 2: I hope that you'll be able maybe start on the
Speaker 2: legal advice you know, and and see how you can
Speaker 2: go forward from there.
Speaker 1: Okay, thank you for both of you.
Speaker 3: You've been Shelton, thanks a lot. OK.
Speaker 1: That's Gibney in at Triageville there.
Speaker 2: She's got a question on shares, and I was saying
Speaker 2: to you as much of that. You know, when things
Speaker 2: like that happen, and I think it's it makes people
Speaker 2: a little discouraged, It sets them back a bit. But
Speaker 2: the idea really is to keep going, isn't it?
Speaker 1: One hundred percent?
Speaker 4: So the the interesting thing about it is that whether
Speaker 4: or not she maybe gets a she was basically speaking
Speaker 4: about the dividends, et cetera. Maybe she might not realize
Speaker 4: all of it, but she will get something out of that,
Speaker 4: and that money is going to come in handy. What
Speaker 4: this means is that obviously you've got to vet the
Speaker 4: things that you invest in. You've got to feel comfortable
Speaker 4: that it's not money that you're gonna need at the
Speaker 4: drop of a time.
Speaker 1: It's you've got.
Speaker 4: To understand that saving means that I've got a kitty,
Speaker 4: I'm saving up for an emergency thing. I'm saving up
Speaker 4: for a big thing. Maybe it's a holiday, maybe it's December.
Speaker 4: You know, the kids really drink a lot of oros
Speaker 4: over December.
Speaker 1: So you've got to figure that out.
Speaker 4: And there's a lot of things that you can save
Speaker 4: for on an immediate basis, but investing requires a different mindset.
Speaker 4: So that's why we speak about savings months because it's
Speaker 4: the first step.
Speaker 1: Then the investing is the other step.
Speaker 2: Yeah, and I think that once we have a saving,
Speaker 2: you know, unlock, there's a discipline element that comes with it,
Speaker 2: and then you're able to move on and to grow.
Speaker 2: So I wanted us to make a case for becoming
Speaker 2: a saver. I save, that is the term or building
Speaker 2: a saving mindset. Let's make a case for saving, because
Speaker 2: there are many people I don't know, you know.
Speaker 1: Who's gotten rich from saving. You know, I'm not sure.
Speaker 1: I mean, I live in the now. I live in
Speaker 1: the moment.
Speaker 2: So let's make a case for why people should save,
Speaker 2: but not just save, Why should they start now?
Speaker 4: So I'm almost certain that everybody who's listening now has
Speaker 4: been in some form, some or other form of financial difficulty,
Speaker 4: like the wrong of life. Now, I want you to
Speaker 4: think about the feeling that you had when you could not,
Speaker 4: as an adult, figure out how you are going to
Speaker 4: get out of the hole that you were in. Now,
Speaker 4: I want you to multiply that feeling tenfold as you
Speaker 4: get older, as more responsibilities as because everybody around you
Speaker 4: has responsibilities, you're not being able to be disciplined enough
Speaker 4: as Zundom dahala as an adult to save for any eventuality.
Speaker 4: Life is not straightforward. Just as much as people say, ah,
Speaker 4: you know, I live in the moment, anything could happen.
Speaker 1: You could live to ninety. That could happen.
Speaker 4: You could live to ninety, and then you would then
Speaker 4: become a burden on the people that are closest to you.
Speaker 1: Do you want that? I don't think many people want that.
Speaker 4: You still want even as a retiree, even as somebody
Speaker 4: who's middle aged, you still want to have the freedom
Speaker 4: to dictate what happens to your life, to you, to
Speaker 4: the people most trusted to you, saving having those investment
Speaker 4: emergency funds, et cetera, those thirty two day notice accounts
Speaker 4: that starts to build a wall a moat around your castle,
Speaker 4: which is you and your loved ones people depend on you.
Speaker 4: No one can plan what happens in their lives. But
Speaker 4: when that unplanned person meets a situation that is beyond them,
Speaker 4: they then say I wish I had and you don't
Speaker 4: want to be that person. That in itself should be
Speaker 4: a reason for you to want to start to get
Speaker 4: your life and your savings in order.
Speaker 2: Yeah, yeah, and I can I can identify. You know,
Speaker 2: you've got your back against the wall and you're thinking
Speaker 2: what am I going to do?
Speaker 1: Only there and then it's too late. It is because
Speaker 1: you're in it now. We're speaking to.
Speaker 2: The Masa, the Basa YouTube content creator. He's big on
Speaker 2: the finances and he's sharing with us about the culture
Speaker 2: of saving, cultivating saving my mindset and he this is
Speaker 2: to mark National Savings Month. It's to encourage you to
Speaker 2: get started. Let's go to our voice notes and hear
Speaker 2: what some of our listeners have to say. All right,
Speaker 2: before we go there, Before we go to our voice note, Sumasa,
Speaker 2: let's speak about understanding your money personality. You know, it's
Speaker 2: it's tough, right because it means you need to stand
Speaker 2: in the mirror. Yes, and you are an impulsive buyer. Yes, Comoso,
Speaker 2: you are a senseless consumer. You you're a senseless consumer.
Speaker 1: There's no reason why you are buying all these things
Speaker 1: in your fine.
Speaker 2: And that really can be difficult, especially for people who
Speaker 2: who don't usually reflect.
Speaker 4: Yes, you must first start by being realistic. Understand your crutches.
Speaker 4: My crutch is things technology, digital that that is my crutch, right,
Speaker 4: But what helped me to understand my crutch. A lot
Speaker 4: more was that I no longer needed to buy the
Speaker 4: best and latest. I could buy the one just after
Speaker 4: the one. Yeah, so I'm a just after the one person.
Speaker 4: But then what I did was because I'm a I'm
Speaker 4: a fanboy of an ecosystem. I said to myself, I
Speaker 4: want all of the little gadgets that fit into this ecosystem.
Speaker 4: So I can't if I've got a phone by another phone,
Speaker 4: I've got to move to a better iPad. I've got
Speaker 4: to move to a better watch. I've got to move
Speaker 4: to a better thing. So I don't buy the same
Speaker 4: thing at the same time. So I console myself. Then
Speaker 4: the second the other thing is this, You've got to
Speaker 4: set buying windows for yourself. Set buying windows so you
Speaker 4: can't just decide on a whim that this thing, I'm
Speaker 4: going to buy.
Speaker 1: It because it's it's it's I needed.
Speaker 4: Now you've got to understand when that thing becomes at
Speaker 4: its most cost effective chest. So in other words, you
Speaker 4: some people will buy and this this, this always always
Speaker 4: befuddles me. Some people buy a new phone at the
Speaker 4: at the end of August, the beginning of September, when
Speaker 4: the new one is coming. It's no, it's coming in September.
Speaker 4: They announce of September. It's out by end of September. Now, okay,
Speaker 4: every yay, Yeah, that new eye watch? What phone is
Speaker 4: coming every September they announce it. You should know this
Speaker 4: by now. So when you go buy the previous technically
Speaker 4: the previous model at a supposedly cut down price, they're
Speaker 4: just clearing out stock. If you wait just another month
Speaker 4: in October, that same phone, because the new one has
Speaker 4: come out is weight So I buy the next best.
Speaker 1: Yeah, I need to take that down. Actually I should.
Speaker 1: I should.
Speaker 2: I wonder if there's a next past when it comes
Speaker 2: to shoes and.
Speaker 1: Bags, but last season's once.
Speaker 4: Yeah, because because if you buy for if you buy
Speaker 4: for classic, if you buy for, if you buy momentary,
Speaker 4: your toast. But if you buy to create a wardrobe
Speaker 4: that's going to last you for at least the next
Speaker 4: five years, then you're not, for instance, your your simple ones.
Speaker 1: You're black.
Speaker 4: Now I'm getting to shoes, yeah, but you're going to
Speaker 4: need the standard ones. You're gonna need your black, You're
Speaker 4: gonna need your Navies, maybe your grayes.
Speaker 1: You your browns, your neutral colors. So those shoes I do.
Speaker 4: I always say, if you're replacing a really good pair,
Speaker 4: you and even go a little bit more prices than
Speaker 4: what you think you are because you're gonna hold it
Speaker 4: for at least the next three to five years. Yeah,
Speaker 4: but it's the ones that are neon. Why listen that
Speaker 4: one is going for that it actually is.
Speaker 2: We're speaking about saving zero double one, double A three
Speaker 2: oh seven O two. I need you to call us
Speaker 2: on that number so you can share your saving experiences
Speaker 2: with us. What I want to hear from you that
Speaker 2: impulsive buying. How are you fighting that? How are you
Speaker 2: disciplining yourself for learning to be a more disciplined spender?
Speaker 2: And is this something that you promised yourself at the
Speaker 2: beginning of the year. I know many people there are
Speaker 2: those New Year's resolutions.
Speaker 1: How's that going? How's that going? Since? Why?
Speaker 2: Since you said, you know, I'm not going to spend
Speaker 2: this much in January, I'm going to start. I'm going
Speaker 2: to save one point five, just one point five. You know,
Speaker 2: I'm not gonna go for that drink night. I'm gonna
Speaker 2: go for one drink nights and not three like I
Speaker 2: usually do. How's that going? Are you still on track,
Speaker 2: and when you look back, what's keeping you from being
Speaker 2: on track? And let's let's have a moment of reflection
Speaker 2: as we speak about saving tonight. Okay, I think that
Speaker 2: we've got our voice. Notice, really, now, let's take a listen.
Speaker 5: There's a great calculation that says that twenty five percent
Speaker 5: of your take home pay should be allocated towards your accommodation.
Speaker 1: And it's quite.
Speaker 5: Interesting that if you take that calculation, how most of
Speaker 5: us are way above the twenty five percent. And in
Speaker 5: an ideal world, if we could get it out to
Speaker 5: the twenty five percent, and we'd have.
Speaker 1: More play to save and lived comfortably. But it is
Speaker 1: with the costs of living, in the cost of transport
Speaker 1: and food.
Speaker 5: It does become like an unsustainable goal. But I do
Speaker 5: believe that's starting small. We're like fifty round a month,
Speaker 5: but farm under round a month and would make a
Speaker 5: massive difference because before you know it, you'd have saved
Speaker 5: up something for a rainy day.
Speaker 1: Yeah, thanks for that voice.
Speaker 2: Note, I'm just here thinking this sounds great unless you
Speaker 2: live in Cape Town.
Speaker 4: So I quickly had to do the math to see
Speaker 4: how much of my room and board, yes, I spend
Speaker 4: and yeah, I think I'm on twenty percent.
Speaker 1: Okay.
Speaker 4: So and it's very interesting because these frameworks, again, remember
Speaker 4: I spoke about those frameworks. These frameworks actually helped you
Speaker 4: to understand car.
Speaker 1: I don't have any more car payments. I became.
Speaker 4: I was like, I'm okay here, I'm okay, what do
Speaker 4: I need? I traveled more than I'm like, it's I
Speaker 4: really but it's not.
Speaker 1: It's not.
Speaker 4: It's like it's an A to B, but it's a
Speaker 4: decent A to B that I invested.
Speaker 1: In a long time ago.
Speaker 4: It took a lot of money when I first started,
Speaker 4: but now I'm like, I don't pay anybody. It's my
Speaker 4: cast just it's me and insurance and patrol obviously. Yeah,
Speaker 4: but these are the core things that you need. So
Speaker 4: that voice note was awesome because that is a framework
Speaker 4: to work off. Because if you know you're spinning twenty
Speaker 4: five percent on rooman board, then you've got twenty five
Speaker 4: percent that you can then try to save, and then
Speaker 4: there's another twenty five percent that can take care of
Speaker 4: your house and of transportation of all these other things.
Speaker 4: So you start to build frameworks that help you to
Speaker 4: understand what you're looking at when you look at your money.
Speaker 1: Yesh, Yeah, I love that.
Speaker 2: Actually, someone here in the whatsape line saying, here's my
Speaker 2: invest here's my invest plunder from my early days when
Speaker 2: started buying of shares. I'm still hurt even now. I
Speaker 2: bought Richmond Shar's way back, held them for a while.
Speaker 2: One day I woke up, was jumped. They've jumped what
Speaker 2: one hundred percent? Yeah, excited to see that. I didn't
Speaker 2: research why that was. I sold them immediately on the day,
Speaker 2: only to find out that actually, I think it's just
Speaker 2: like a eleven thousand percent. That doesn't sound right, but
Speaker 2: he's basically saying the exponential increment was officially kicking in
Speaker 2: seven days later. Safe to say, I was out by then,
Speaker 2: and now I can't afford them one hundred percent.
Speaker 4: So you know the thing with shares is that none
Speaker 4: is good at picking shares. Rather start by picking indexes.
Speaker 4: There are people that are paid to pick shares, so
Speaker 4: don't try to You're not going to hit the next
Speaker 4: big share thing, right, Most people pick industries.
Speaker 1: If you're not going to pick indexes, pick industries.
Speaker 4: So you're looking at let's say, for instance, banking, and
Speaker 4: you go, I think the banks are going to do
Speaker 4: well because of ABCP over the next five years. So
Speaker 4: I'm going to group all the banks together and take
Speaker 4: my money and bet on all the banks. They won't
Speaker 4: all win, but as an index those grouped, if your
Speaker 4: bet is right, it makes sense. But I genuinely always
Speaker 4: tell people you are not a financial analyst.
Speaker 1: This is not your job. You work somewhere else.
Speaker 4: You're you're a well compensated middle manager somewhere.
Speaker 1: Stick to that. Rather give it to somebody.
Speaker 4: Else, a financial advisor, a an analyst, give it to
Speaker 4: a money man or a money woman, and get them
Speaker 4: who it is their job to to log into computers
Speaker 4: every day to look at what's going on. And then
Speaker 4: you can set your risk profile and say I am moderate,
Speaker 4: I am moderate to aggressive, I am aggressive, et cetera,
Speaker 4: and split your money up. But generally speaking, do not.
Speaker 4: No one is good. No one is good at picking shares. Nobody,
Speaker 4: even the top guys, they group them together.
Speaker 2: Someone else here is saying, we love image and it
Speaker 2: costs us. Words of advice given to me by my
Speaker 2: by another older friend. That itel you want to buy,
Speaker 2: Ask yourself is it going to add value to you?
Speaker 1: That's leslie and Melbourne. And that's such a deep question.
Speaker 1: It's not. It's not. It really isn't. It's like the
Speaker 1: crazy so so.
Speaker 4: But there's But again I always say to people there
Speaker 4: are things that are crutches. So like one of my
Speaker 4: brothers with like super close and his thing is definitely
Speaker 4: branding and imaging and it's worked for him, right. He's
Speaker 4: the type of guy that when we were still like
Speaker 4: in varsity, he would drop three k on a shoe.
Speaker 4: I'd be like, Broski, three k on a shoe? What
Speaker 4: do you mean? But the way that he has branded himself,
Speaker 4: personal brand everything over the years has actually put him
Speaker 4: in good stead because he's like a massive marketing person
Speaker 4: now in South Africa and he's done that.
Speaker 1: He was always sure of that. But other things he
Speaker 1: didn't spend a lot of it.
Speaker 4: He never spent on tech, He never cared for cars,
Speaker 4: He never whatnot understand what it is that your crutch?
Speaker 4: What is my crutch? Right as the master as homoso
Speaker 4: as whoever, what is my crutch? Then manage your crutch
Speaker 4: because that's what childs the money. That's where the leakages
Speaker 4: are coming, that's where the roof is leaking.
Speaker 1: Where you think you blind.
Speaker 4: Yourself because this is something you feel you deserve and
Speaker 4: you think you can.
Speaker 1: Do it all. You think you can be the tech
Speaker 1: guy you think you can do you can pick one.
Speaker 2: You just want to be there everywhere where, where people are,
Speaker 2: You want to be there.
Speaker 1: Pick one, Pick one.
Speaker 4: You can't you can't be everything unless you came with
Speaker 4: that into this world of the Trust Fund, my brother
Speaker 4: and my sister.
Speaker 1: You you better slow down.
Speaker 2: We're speaking to Zumasa Vibasa, who's a YouTube content creator.
Speaker 2: He makes content around finances.
Speaker 1: He's in the.
Speaker 2: Studio here and it's a really enlightening conversation. I feel judged,
Speaker 2: I feel dragged. So if you're sitting in the car
Speaker 2: right now and you feel this is personal, it's okay.
Speaker 2: It's okay, same same you, and I feel it's personal too.
Speaker 2: We're taking your calls on zero double one double a
Speaker 2: three oh seven two or zero two one double four
Speaker 2: six oh five six seven. I also see your one
Speaker 2: sapps are coming in taking fast zero seven two.
Speaker 1: So what is it?
Speaker 2: Chris zero seven two seven O two one seven O
Speaker 2: two zero seven two seven O two one seven two.
Speaker 2: That's where you can get in touch with us on
Speaker 2: WhatsApp all right, speak about automating your savings, because I
Speaker 2: think that's the smart way.
Speaker 1: To go about it.
Speaker 2: So you know that you want to save twenty five percent,
Speaker 2: you have your de would order.
Speaker 4: Is it a order, it's a debit order. It's fine,
Speaker 4: it's an automated debit order. And that is a good way.
Speaker 4: But the other thing that I find that a lot
Speaker 4: of people suffer with is that the money is still
Speaker 4: within reach.
Speaker 1: Big problem that one.
Speaker 4: Because now you can see it, You're like, nice, it's
Speaker 4: seventeen fifty four rand and ninety nine cents sitting there.
Speaker 2: And you know I can make it back. It is
Speaker 2: I can make it back.
Speaker 4: Craz really, but it's taking you maybe four months to
Speaker 4: get up to that level. So you overestimate your earning
Speaker 4: your earning potential going forward because you don't know that,
Speaker 4: but the past has shown you that this is what
Speaker 4: you're able to do. So automating your savings is a
Speaker 4: really great way. But then you've got to be in
Speaker 4: a position that says, maybe it's an account that you
Speaker 4: don't have a card for and it is a physical thing.
Speaker 4: So every time I need to go check it, I
Speaker 4: need to literally either log in not on my phone
Speaker 4: but on a laptop. So my logins for that bank account,
Speaker 4: maybe put it in separate banks. Right, that debit order
Speaker 4: goes from my primary bank to another bank, maybe a
Speaker 4: bank that gives you better interest on savings. But what
Speaker 4: it can't do is if you know you have this
Speaker 4: problem of self control, or you know you have immediate problems,
Speaker 4: it can't be something that you can easily get a
Speaker 4: hold of, especially if it's a short term savings fund.
Speaker 4: Once it starts to get to longer term where there's
Speaker 4: a thirty two day notice, you know that there's a
Speaker 4: barrier to me getting this money. Yeah, right, there is
Speaker 4: a barrier. So all of these things do assist, but
Speaker 4: automating it is great. But you know what's even better,
Speaker 4: homozo yea knowing what you're spending on. I know that
Speaker 4: a lot of banks have started to show you what
Speaker 4: your last three months averages, Like my bank does that,
Speaker 4: my personal bank does that, and it says to me, buddy,
Speaker 4: that's what you done. It even goes into the categories
Speaker 4: of spending. So I know that there was a particular
Speaker 4: month where I was traveling a lot and my fast
Speaker 4: food intake went higher and by golly, it was there.
Speaker 1: It was up. I could see it. I was like, whoa.
Speaker 4: And it tells you there's been a thirty forty percent
Speaker 4: increase in your eating out, dining out and fast foods.
Speaker 4: But if you don't know that it's happening, you won't
Speaker 4: and you won't unpack that easily enough for you to
Speaker 4: change that habit.
Speaker 2: Somebody here says, I've learned something from putting away my tithes.
Speaker 2: I'm a deep believer, so when I started working, I
Speaker 2: had a separate savings account where I would put my tires.
Speaker 2: Each time I would get money, ten percent of anything
Speaker 2: and everything, And it's taken from the top.
Speaker 1: I think that's really interesting.
Speaker 4: If you're gonna, if you're gonna do it for the Lord,
Speaker 4: do it for yourself.
Speaker 1: You can do it for the Lord.
Speaker 4: You can do it for the Lord, do it for
Speaker 4: yourself as well.
Speaker 1: I think that's beautiful.
Speaker 2: It's someone taking their life lessons right and practicalizing them,
Speaker 2: and I hope that we can all learn and from that.
Speaker 2: We're speaking savings here in studio with the Masa the Vasa.
Speaker 1: All right, I want to.
Speaker 2: Speak about increasing your spending when you're salarly.
Speaker 1: Increase you your lifestyle creep.
Speaker 2: That's the truth is that now that I'm a big
Speaker 2: short CEO, I need can't be driving my I need
Speaker 2: the things that you show my big shorttedness of my CEOs. Yes,
Speaker 2: I need When they say the imagine they say ceo
Speaker 2: and then they're in the barking you imagine they say
Speaker 2: CEO spots and there I am.
Speaker 4: Well, look I I It's it's never the CEO person
Speaker 4: who has this problem. It's always the people that jump
Speaker 4: from junior to middle management, right, and all those that
Speaker 4: also those that jump from middle management to senior management
Speaker 4: and then from senior management to you c suite. So
Speaker 4: it's the people who get the increase that is life changing.
Speaker 4: Thus they think they must change their lives. It's always
Speaker 4: a big problem because what that does right. And to
Speaker 4: be completely honest with you, you're not the only person.
Speaker 4: If you're listening to this, you're not the only person
Speaker 4: struggling with this. I struggle with this. I'm having a
Speaker 4: crisis of conscience around my room and board. I now
Speaker 4: feel like I've outgrown this place and I need another place.
Speaker 4: I'm having this so I'm saying to myself, can I
Speaker 4: really add another five to seven K on my room
Speaker 4: and board fees? Is it something that I can do
Speaker 4: to then move to the place that I want to
Speaker 4: move to? And these are questions and conversations that I
Speaker 4: have with myself. So I always say to people more
Speaker 4: often than not, what you're dealing with.
Speaker 1: You're dealing with.
Speaker 4: Not having a system of understanding what it is that
Speaker 4: you want. Yeah, when you systemize everything, you know, when
Speaker 4: you asked at the beginning of the show, you said,
Speaker 4: or you said, how much of what you promised yourself
Speaker 4: at the beginning of the year are you hitting? So
Speaker 4: my list still stands, and I'm taking stuff off, not
Speaker 4: at the rate that I thought I would, but my
Speaker 4: list still exists, And on my notes app it's still
Speaker 4: up there because I go there and I take stuff.
Speaker 4: I'm like this, Okay, I'm like twenty five percent in
Speaker 4: on this one. Now I'm lying with this one. I
Speaker 4: need to go back to ten percent completion because then
Speaker 4: what that does is that it helps me to understand
Speaker 4: what it is that I promised myself. And you, before
Speaker 4: you go to bed, you're the only person you can't
Speaker 4: lie to.
Speaker 1: Hey, the hard.
Speaker 2: Truths today that we're learning about money and our savings culture.
Speaker 2: Let's talk about, you know, questioning all our purchases. You know,
Speaker 2: earlier on in the show, you were speaking about how
Speaker 2: you don't necessarily have to stop buying that cup of
Speaker 2: coffee every day, and I think sometimes we get so
Speaker 2: obsessed and maybe that's what's not sustainable. It's masaa. At
Speaker 2: the beginning of the year, you're so far fired up
Speaker 2: that you're saying, I'm going to mix in every single day, cutain,
Speaker 2: I'm bringing lunch, I'm packing, I'm packing, and I'm not
Speaker 2: gonna buy any coffee. I'm gonna make the free coffee
Speaker 2: that the office gives us. And I'm not gonna buy
Speaker 2: anything when I stop at the petrol station, I'm not
Speaker 2: getting out of my car.
Speaker 1: And then by.
Speaker 4: Much all of that, you've you've gone back to the
Speaker 4: old you, the real you.
Speaker 1: The mask is has come off again.
Speaker 2: And I think sometimes we start or we're being too
Speaker 2: I don't want to say too hard, but we're setting
Speaker 2: standards that are out of reach, that are just too
Speaker 2: far far up.
Speaker 1: There is that a reality?
Speaker 4: So so in a way it is a reality, because honestly,
Speaker 4: this is like your seventh sheear and hold this year.
Speaker 1: But you're not. You don't know that. To you, you
Speaker 1: see it as just shopping.
Speaker 4: Now, what that does for you as a person is
Speaker 4: that you start to lose control of what really kind
Speaker 4: of matters, which is for you your future.
Speaker 1: Right. I'll give you a simple example. So sparkling water.
Speaker 4: I have this thing with sparkling water, and it is
Speaker 4: a crazy thing that I have. I buy sparkling water
Speaker 4: every day. Right, So you know what I did for myself.
Speaker 4: I started to do a little bit of math. I
Speaker 4: said to myself, what if I got myself that the machine,
Speaker 4: the machine at ale. Yeah, And I worked it out
Speaker 4: and it was like it wasn't extravagant. It was maybe
Speaker 4: like once of purchase a thousand bucks, but off that
Speaker 4: little acid maker thing with water with government juice I
Speaker 4: was going to save maybe like I think a thing
Speaker 4: of water for me went down to like five rand
Speaker 4: a leader of water or sparkling water. So it was
Speaker 4: the thing that I understood that I had a problem with.
Speaker 4: And it wasn't like it was an exorbitant amount of money,
Speaker 4: But it was that ability to know what's going out
Speaker 4: that assists you to know how to stop the leakages.
Speaker 4: As a start, then you can start to save. And
Speaker 4: it's not to say that trouble won't hit you. It's
Speaker 4: just to say you need to have something to face
Speaker 4: the troubles.
Speaker 2: Okay, I'm gonna judge you for drinking sparkling water because
Speaker 2: you know it's it's somebody who stopped drinking.
Speaker 1: OKAYO.
Speaker 4: Yeah, there's also another thing that I did, right. I
Speaker 4: stopped last year August. I did one hundred day from
Speaker 4: August to I think this September to December, I did
Speaker 4: one hundred days. Then I then I relapsed, Well, I
Speaker 4: didn't relapse. I'm from the Eastern Cape, so December is
Speaker 4: big for us, okay, right, you know, like nobody cooks,
Speaker 4: nobody cooks, nobody buys liquor, Like there's always look at
Speaker 4: every other house because everyone's doing in these like yes ceremonies, yes, okay.
Speaker 1: So so generally.
Speaker 4: I went to two, one too many, three too many,
Speaker 4: ten maybe I don't know, but and there's one like
Speaker 4: every other day. So you end up there's enough alcohol,
Speaker 4: there's enough food, there's enough whatnot. So I drank for
Speaker 4: a little bit then, but then at the start of
Speaker 4: the year again, after coming out back from holidays, I
Speaker 4: then so I have not had a consequential drink this year. Yes,
Speaker 4: I have touched alcohol, but not to drink. So it
Speaker 4: was like to toast and to do stuff and you know,
Speaker 4: like Mom's birthday, that type of stuff.
Speaker 1: It was a dumb pye, So I had to couldn't say,
Speaker 1: but you didn't go.
Speaker 2: And buy alcohol, No walk into to walk into a liquor.
Speaker 4: I've not walked into a liquor store to buy even
Speaker 4: when I go and I'm buying for other people, and
Speaker 4: I still buy for other people like my brothers, my sisters.
Speaker 1: And I'll be like, yo, here's the cash go by,
Speaker 1: And how has that affected your savings? It massively liquor.
Speaker 4: Taking liquor out of the thing has massively saved a
Speaker 4: lot of money, I would say, I probably, And I
Speaker 4: mean it's not like I gotten to a point where
Speaker 4: I really enjoyed my liqu was. So there was another thing.
Speaker 4: I understood my crutches. So I would then drink certain bottles, wouldn't.
Speaker 4: I didn't even club, I don't even go out.
Speaker 2: So you were about the expensive bottles not really necessarily expensive,
Speaker 2: but I mean, like like a fifteen year old particular thing,
Speaker 2: that's what.
Speaker 4: I like now aren't those like two million? No, no, no,
Speaker 4: it's just one million. So so you had to and
Speaker 4: and understanding your crutches. That's what it did for me, Yeah,
Speaker 4: I said, but it also helped me because I'm working
Speaker 4: towards a goal. Right in a couple of years, I'll
Speaker 4: be forty and I want to look at a particular
Speaker 4: way when I'm forty, and I want to so I've invested,
Speaker 4: I've reinvested that energy I was putting into enjoying myself
Speaker 4: now and said, yeah, maybe when I hit forty, I
Speaker 4: want to look a particular way and I want to
Speaker 4: figure myself out. So it's it's an actualization of what
Speaker 4: it is that I want. Yes, yes, I know you persionists.
Speaker 4: I could get hit by a pass, but it's probably
Speaker 4: not gonna happen.
Speaker 1: Zumas. You're actually so funny. Listen, we need to wrap
Speaker 1: up this conversation.
Speaker 2: So let's let's go through your principles as we as
Speaker 2: we wrap up your savings, principles that.
Speaker 1: We can apply, well try to apply in our lives.
Speaker 2: I know we're different and our circumstances may be different,
Speaker 2: but I think there's those key principles that we can
Speaker 2: all share at a certain level.
Speaker 4: I think the first is to know right know what
Speaker 4: is going in, what is going out. Then the second
Speaker 4: thing is with how much you keep what are you
Speaker 4: doing with it? Yes, then when you say what am
Speaker 4: I doing with it, then we can possibly think about investing,
Speaker 4: because most people want to invest, but they skip the
Speaker 4: stage of saving. My brother and my sister, where are
Speaker 4: you going to get that money? It's going to come
Speaker 4: from your income. Then from your income, it's going to
Speaker 4: be from what you keep after you've paid for your life,
Speaker 4: and then from after that you can then save that
Speaker 4: and ultimately invest it. So it's not one or the other. Yes,
Speaker 4: we want the dividends, Yes, we want all of those things.
Speaker 4: And opportunities will come and you need to be ready
Speaker 4: for those opportunities. So when a share scheme comes and
Speaker 4: it says, hey, if you buy for five thousand rand,
Speaker 4: we'll give you twenty thousand rands of value if you
Speaker 4: hold it for ten years. That's one of the things
Speaker 4: that helped me. But that's because I had people who
Speaker 4: were aware of it. So you need to be aware.
Speaker 1: One.
Speaker 4: You need to know how much is coming in, you
Speaker 4: need to know how much you're saving. You need to
Speaker 4: know what you're doing with it, and ultimately that's the.
Speaker 2: Start Zamasa Vibasa YouTube content creator in the finance space.
Speaker 1: It's been really great having you. Thank you so much.