WEBVTT - Financial Matters: Developing a saving mindset 0:00:00.120 --> 0:00:02.440 The Financial Matters. 0:00:03.720 --> 0:00:06.440 It's time out for our financial Matters feature. This is 0:00:06.480 --> 0:00:09.720 the Obumasanga show. I'm commato, I'm in for bra orbs 0:00:09.760 --> 0:00:13.080 this evening and my guest is in studio. He does 0:00:13.119 --> 0:00:16.439 a lot of content around financial matters and his name 0:00:16.640 --> 0:00:21.000 is the Masasa. He's a YouTube content creator. In fact, 0:00:21.280 --> 0:00:24.120 if you are on the socials, you might have come 0:00:24.120 --> 0:00:27.040 across his content. Actually, I think you must have come 0:00:27.120 --> 0:00:30.240 across his content. He's in studio this evening. The MASA 0:00:30.280 --> 0:00:31.200 good evening and welcome. 0:00:31.440 --> 0:00:31.600 Hi. 0:00:31.720 --> 0:00:34.199 How are you. I'm very well, I'm very well. 0:00:34.240 --> 0:00:37.960 How I love the studios here. Really, it's so different 0:00:37.960 --> 0:00:41.000 from the other one. You guys must have spent a 0:00:41.000 --> 0:00:41.600 pretty opinion. 0:00:45.920 --> 0:00:48.680 Listen. You know we don't always need to be saving. 0:00:48.720 --> 0:00:51.760 Hey, we are people are they want to be happy? 0:00:52.040 --> 0:00:54.400 You know, I suppose it's an emotional buye. This was 0:00:54.440 --> 0:00:55.240 an emotional Bye. 0:00:56.080 --> 0:01:00.400 Zamasa. You make a lot of content around financial is. 0:01:00.680 --> 0:01:04.679 It's very niche, very specific, and you speak a lot 0:01:04.720 --> 0:01:05.480 about saving. 0:01:06.080 --> 0:01:06.399 Why. 0:01:07.360 --> 0:01:12.080 I think saving is the first part of a long 0:01:12.160 --> 0:01:18.000 journey to getting financial freedom right or ultimately getting the 0:01:18.160 --> 0:01:21.840 thing that you want. What a lot of people actually 0:01:22.080 --> 0:01:26.840 don't get is that it firstly starts with a mindset, right. 0:01:27.400 --> 0:01:28.920 I was having a conversation with a friend of mine 0:01:28.959 --> 0:01:32.480 while driving here, and I'm sure she's listening, and one 0:01:32.480 --> 0:01:34.640 of the things that I was having a conversation about 0:01:34.720 --> 0:01:38.200 was that she's too focused on how much things cost 0:01:38.240 --> 0:01:41.600 her currently, rather than saying where can I make extra 0:01:41.640 --> 0:01:46.399 cash as a start, but then also saying when I 0:01:46.400 --> 0:01:49.400 get that extra cash, what do I do with it? 0:01:49.480 --> 0:01:52.760 Because generally it's not about how much you make, it's 0:01:52.760 --> 0:01:55.080 about how much you keep and what you do with it. 0:01:55.560 --> 0:01:58.440 So more often than not, we are focused on the 0:01:58.480 --> 0:02:00.440 wrong things. Because when you sit with people and you 0:02:00.480 --> 0:02:02.880 say to them, let me assist you. Let's let's see 0:02:02.880 --> 0:02:05.160 what your what your last three months bank statements look like, 0:02:05.200 --> 0:02:09.560 it's like they get shocked. They're like, I did what Yeah, yeah, 0:02:09.600 --> 0:02:13.239 I spent that on that. Why would I This is 0:02:13.320 --> 0:02:15.240 not me exactly. 0:02:15.440 --> 0:02:17.360 And why do you think that's the case. 0:02:17.400 --> 0:02:21.200 Why do you think we aren't tracking our finances as. 0:02:20.880 --> 0:02:22.560 We should be. I tried, you know, I'll tell you 0:02:22.600 --> 0:02:23.000 this much. 0:02:23.080 --> 0:02:26.160 I try and keep a mental note, but I, like 0:02:26.240 --> 0:02:29.040 many people, I think, will never actually sit down and 0:02:29.160 --> 0:02:32.480 go through their specific things I bought, maybe I don't 0:02:32.480 --> 0:02:35.520 want to be confronted with the truths about my habits. 0:02:35.160 --> 0:02:35.919 One hundred percent. 0:02:36.680 --> 0:02:41.800 Most people don't want to actually see in black and 0:02:41.840 --> 0:02:45.360 white who they really are versus what they purport and 0:02:45.440 --> 0:02:48.480 see themselves in their minds as being because what you 0:02:48.600 --> 0:02:51.000 spend on is who you actually are and not the 0:02:51.040 --> 0:02:53.600 person that you think you are. And if you spend 0:02:53.639 --> 0:02:57.480 on yourself and your future self, future self always looks 0:02:57.480 --> 0:03:02.080 back and says, what did also do in twenty twenty 0:03:02.120 --> 0:03:06.119 five to put me in this position? Because ultimately, what 0:03:07.040 --> 0:03:09.799 the life you will live in a year, in two years, 0:03:09.880 --> 0:03:12.240 in five years is the life that you craft today. 0:03:12.600 --> 0:03:16.800 So looking at those numbers actually freaks people out because 0:03:16.840 --> 0:03:20.040 it makes their problems real, and a lot of people 0:03:20.080 --> 0:03:23.640 don't want that. But it's through facing that as a 0:03:23.680 --> 0:03:25.880 start that ultimately allows you to get you into your 0:03:25.880 --> 0:03:28.240 space where you can say, well, actually, I need to 0:03:28.360 --> 0:03:30.919 pay myself first as a principle, I need to save 0:03:31.360 --> 0:03:34.160 and yourself first doesn't mean you today, it means you 0:03:34.200 --> 0:03:34.800 in the future. 0:03:35.560 --> 0:03:37.720 Why are you dragging us so hard? Why are you 0:03:37.800 --> 0:03:38.760 going in so hard? 0:03:38.800 --> 0:03:41.200 Because we all suffer from the same thing, but at 0:03:41.280 --> 0:03:45.520 least having the frameworks or understanding or to say how 0:03:45.560 --> 0:03:47.920 do I spend? It needs to be systemized more than 0:03:47.960 --> 0:03:50.520 it needs to be you pulling all of this hard weight, 0:03:50.640 --> 0:03:52.840 and that's that's it's actually the hardest thing. But once 0:03:52.880 --> 0:03:55.480 you get it right, when you systemize how you do things, 0:03:55.480 --> 0:03:56.800 it becomes a little bit easier. 0:03:56.880 --> 0:03:57.360 That's why you. 0:03:57.360 --> 0:04:00.960 Always hear those crazy see people that are part of 0:04:00.960 --> 0:04:04.000 that fire community that want to retire earlier and all 0:04:04.000 --> 0:04:06.800 of that type of stuff. They say the craziest things, 0:04:06.840 --> 0:04:09.160 But when you look at it, it's like, no, what 0:04:09.240 --> 0:04:11.320 it really was was it was a system that was 0:04:11.400 --> 0:04:14.520 built specifically for the type of life that they wanted 0:04:14.520 --> 0:04:17.039 to get under the circumstances that we're in at that 0:04:17.120 --> 0:04:19.200 point in time. So your system doesn't need to be 0:04:19.240 --> 0:04:22.000 as crazy as you're saying to yourself, I need to 0:04:22.080 --> 0:04:26.360 like not buy this particular coffee, I need to not 0:04:26.400 --> 0:04:28.480 do this thing I need to But what it means 0:04:28.520 --> 0:04:30.240 is that to say, whatch is my goal? 0:04:30.480 --> 0:04:31.599 What do I want to achieve? 0:04:31.920 --> 0:04:34.000 Watch is a system that can put around that and 0:04:34.040 --> 0:04:37.680 then less thinking every day and knowing that everything is systemized. 0:04:38.520 --> 0:04:40.440 What does a saving mindset look like? 0:04:40.640 --> 0:04:40.880 You know? 0:04:41.640 --> 0:04:43.839 Because I like how you say it's not the I 0:04:43.880 --> 0:04:46.560 won't buy this coffee. And I love how many people 0:04:46.560 --> 0:04:48.480 I heard it in a different podcast where someone is like, 0:04:48.560 --> 0:04:52.120 not absolutely buy the coffee, you know, but but be 0:04:52.200 --> 0:04:53.279 alive to watch. 0:04:53.080 --> 0:04:54.240 Your spending what you're spending on. 0:04:54.320 --> 0:04:56.640 And I thought, what does the mindset of a save 0:04:56.680 --> 0:04:57.360 I actually look like? 0:04:57.400 --> 0:05:00.520 Because I'm a spender, so. 0:05:00.480 --> 0:05:03.359 I think, I think what it is is we're not 0:05:03.480 --> 0:05:06.240 We're not different because we want to buy. We're always 0:05:06.279 --> 0:05:09.120 constantly being our our lizard brain is being told every 0:05:09.160 --> 0:05:13.000 single day that bye bye bye bye, yep it. Buying 0:05:13.080 --> 0:05:15.880 is not the issue. Buying when you shouldn't be buying 0:05:16.120 --> 0:05:16.880 is the issue. 0:05:17.720 --> 0:05:19.120 But how do I know? How do I know when 0:05:19.120 --> 0:05:19.800 I'm not supposed to be? 0:05:20.440 --> 0:05:22.320 You know, if you can't afford something because you think 0:05:22.360 --> 0:05:24.919 about it too too many times before you make the purchase. 0:05:25.320 --> 0:05:27.800 You know, when you if I say to you, right now, 0:05:28.960 --> 0:05:30.560 let's go and run somewhere and you're like, oh, I 0:05:30.600 --> 0:05:33.360 need water man, that thing's gonna cost you like seven bucks, 0:05:33.400 --> 0:05:36.080 ten bucks. If it's if you really like trying it, 0:05:36.160 --> 0:05:37.320 you don't have to think about that. 0:05:37.520 --> 0:05:37.760 Yeah. 0:05:37.960 --> 0:05:40.440 But if I said, if I say to you, oh, like, 0:05:40.600 --> 0:05:42.599 there's this really new car that's just come out and 0:05:42.640 --> 0:05:45.600 you go, ooh, that car would really suit me. And 0:05:45.600 --> 0:05:47.960 then but you go and then you want to go 0:05:48.040 --> 0:05:50.640 check do I have affordability, could I get this car 0:05:50.680 --> 0:05:52.880 and whatnot. But in every step of the way to 0:05:52.960 --> 0:05:54.960 buying that car or thinking about buying that car, you 0:05:55.000 --> 0:05:57.320 feel you feel iffy, like, okay, let me go test 0:05:57.480 --> 0:05:59.520 do the test drive. Let me you know you're making 0:05:59.560 --> 0:06:05.080 the wrong choice right now, you know it. You shouldn't. 0:06:05.279 --> 0:06:07.320 Your car is fine, and you're not in a position 0:06:07.560 --> 0:06:09.359 to be able to buy. And when you are in 0:06:09.400 --> 0:06:11.560 a position to be able to buy, what you have 0:06:11.680 --> 0:06:13.680 to try and do is not to buy the car 0:06:13.760 --> 0:06:16.360 above that car that you wanted because maybe you were 0:06:16.400 --> 0:06:18.040 in an A car but there was a BEE car. 0:06:18.320 --> 0:06:20.320 But maybe you're like, I can reach a B cup, 0:06:20.320 --> 0:06:23.120 but maybe I can balloon payment to get a C car. 0:06:23.360 --> 0:06:29.120 Yeah, I mean, you live on and you know, my 0:06:29.240 --> 0:06:32.239 husband always says, if it's not chairman, it's not a car. 0:06:32.480 --> 0:06:35.360 So I mean maybe you feel like, you know, I live. 0:06:35.400 --> 0:06:38.160 Once we get that German machine, le men try it out, 0:06:38.320 --> 0:06:39.880 you know, and then if they take it back after 0:06:39.880 --> 0:06:42.080 them and it's okay. 0:06:42.120 --> 0:06:43.720 And I want to say this too, I want to 0:06:43.760 --> 0:06:44.480 say this to people. 0:06:44.640 --> 0:06:48.159 Yes, I don't get to this point where I'm here 0:06:48.200 --> 0:06:51.160 evangelizing all of this stuff. I'm here to give facts 0:06:51.200 --> 0:06:54.000 about what everybody else is going through. In South Africa. 0:06:54.040 --> 0:06:58.159 Most people their salaries don't last past five days. These 0:06:58.160 --> 0:07:01.080 are the statistics on the ground five days. That's why 0:07:01.080 --> 0:07:03.080 we have a running joke in this country that says, 0:07:03.360 --> 0:07:06.479 you know, like when twelve o'clock hits on Payday, you're 0:07:06.560 --> 0:07:09.200 just literally hoping you would rather switch your phone off 0:07:09.240 --> 0:07:11.280 because you know the realities that you're gonna be faced with. 0:07:11.720 --> 0:07:14.280 So a lot of people are actually dealing with a lot. 0:07:14.360 --> 0:07:17.160 It's not just you. Does that show that most people 0:07:17.200 --> 0:07:20.960 in South Africa are indebted one, but two they make 0:07:21.040 --> 0:07:24.000 purchases that they probably shouldn't and they don't have savings. 0:07:24.240 --> 0:07:26.239 We don't have a savings culture in this country. 0:07:26.680 --> 0:07:29.600 But at the same time, there are a portion of 0:07:29.600 --> 0:07:32.560 people who have started the people in collective investment schemes 0:07:32.560 --> 0:07:36.720 in stockfels who do get into the savings mechanism and 0:07:36.760 --> 0:07:37.600 it does help them out. 0:07:37.640 --> 0:07:42.880 But a lot of people say they save for consumables. Yes, yes, 0:07:42.960 --> 0:07:43.760 so you join us stock. 0:07:43.840 --> 0:07:45.520 I know for a fact many people around you you 0:07:45.600 --> 0:07:47.800 join us stockfel. You know that you are you. You 0:07:47.880 --> 0:07:50.360 are Namba three in the quo and maybe there's four 0:07:50.400 --> 0:07:53.240 people when your uncom when it hits Yeah, I'm like 0:07:53.440 --> 0:07:56.280 you planned that isn't a good habit. But you know 0:07:56.280 --> 0:07:58.400 what I'm gonna when I get this one, I'll go 0:07:58.480 --> 0:08:01.360 buy that handbag, you know, because I've planned for it. 0:08:01.760 --> 0:08:05.640 Marginal utility, dimission, diminishing marginal utility. 0:08:05.880 --> 0:08:08.440 I always asked this, I said this to I think 0:08:08.440 --> 0:08:08.720 I said that. 0:08:08.760 --> 0:08:11.200 Had the conversation with my mom and I said to her, 0:08:11.560 --> 0:08:14.840 there's a bag that you bought I remember specifically, like 0:08:14.920 --> 0:08:17.400 almost a decade ago. Do you still use that bag? 0:08:17.440 --> 0:08:19.800 And she was like, which bag? And I said, and 0:08:19.840 --> 0:08:21.280 I knew the price of it. I'll never say it 0:08:21.280 --> 0:08:23.200 on it, but I said to it. But at that 0:08:23.400 --> 0:08:24.960 point in time, it made it feel good. 0:08:25.080 --> 0:08:27.960 Yes, yes, And I suppose that's at the heart of 0:08:27.960 --> 0:08:31.520 it for many consumers, right, It's that It's what we 0:08:31.600 --> 0:08:33.720 say when we were about to make the bad decision. 0:08:34.520 --> 0:08:36.600 What do you say? You say, I work hard. I 0:08:36.640 --> 0:08:37.240 work hard. 0:08:37.440 --> 0:08:38.120 You know you know. 0:08:39.720 --> 0:08:40.560 I work hard. 0:08:40.880 --> 0:08:45.559 Let me just reward myself and you know, life is 0:08:46.040 --> 0:08:50.719 unpredictable to. 0:08:46.960 --> 0:08:50.200 It tomorrow I might not be here. 0:08:50.800 --> 0:08:52.679 You know, you know you're about to make a bad 0:08:52.679 --> 0:08:55.360 decision then becau you're trying to convince yourself all right, 0:08:55.840 --> 0:08:59.880 So how do we then, you know, build that savings 0:09:00.679 --> 0:09:04.520 culture that you speak about. I suppose and many of 0:09:04.559 --> 0:09:07.280 our callers have said this before, where they say, maybe 0:09:07.280 --> 0:09:11.720 we should start speaking about more financial education from school. 0:09:11.760 --> 0:09:14.600 One of the time we're children, because once you've cultivated 0:09:14.679 --> 0:09:17.080 the habit as a child, you become an adult and 0:09:17.120 --> 0:09:18.000 its second nature. 0:09:18.440 --> 0:09:20.800 So it's very interesting. 0:09:21.280 --> 0:09:23.720 I'll speak from sort of like my perspective growing up 0:09:23.720 --> 0:09:27.280 with grandparents and stuff like that. What I realized and 0:09:27.360 --> 0:09:31.000 started to understand what there was always a policy out there. 0:09:31.040 --> 0:09:33.680 So my grandmother had tons of policies. She had like. 0:09:33.920 --> 0:09:39.319 Life policies, death policies, she's still alive, education policies. So 0:09:39.960 --> 0:09:42.880 I got to understand that there was something and money. 0:09:42.920 --> 0:09:45.280 There was something particular, a kitty of cash that was 0:09:45.320 --> 0:09:47.240 going every month from what she was doing, and it 0:09:47.320 --> 0:09:52.000 was going into a policy. Now there was long term 0:09:52.080 --> 0:09:55.160 thinking and maybe it was not kind of termed in 0:09:55.240 --> 0:09:57.840 the way that it's like we're saving for a future thing. 0:09:57.920 --> 0:10:00.760 It was just ePolicy right up in the eastern caps, 0:10:00.760 --> 0:10:04.160 so it's like everyone has e police and she would 0:10:04.160 --> 0:10:06.720 show you. She's like, if anything ever happens to me, 0:10:07.000 --> 0:10:08.360 here's where all my policies are. 0:10:08.480 --> 0:10:09.760 Yeah, but this one for this one. 0:10:09.840 --> 0:10:13.320 And funny enough, it clicked when I got to I think. 0:10:13.800 --> 0:10:17.120 Grade ten, right Senard eighth. When it clicked for me 0:10:17.240 --> 0:10:17.600 is when. 0:10:17.480 --> 0:10:21.040 She said, oh, there's there's a policy that's now matured. 0:10:21.200 --> 0:10:22.679 Because I think I was fifteen, it was a fifteen 0:10:22.720 --> 0:10:26.360 year policy and I was like, oh, She's like, yes, 0:10:27.240 --> 0:10:29.640 we can now kind of like pay for the rest 0:10:29.640 --> 0:10:30.120 of your thing. 0:10:30.240 --> 0:10:32.320 I was like, oh, I was like, okay, that's interesting. 0:10:32.320 --> 0:10:33.760 We went to go sign papers and I had my 0:10:33.800 --> 0:10:36.240 idea and what or do perst it together thing at 0:10:36.240 --> 0:10:38.400 the time, and I was like that kind of that 0:10:38.480 --> 0:10:41.240 was the first click. The second click for me was 0:10:41.280 --> 0:10:43.920 when my mom when I was when I got to 0:10:44.120 --> 0:10:46.520 first year, my mom said, we're gonna have to start 0:10:46.559 --> 0:10:50.120 putting money away right for but what I'll do is 0:10:50.160 --> 0:10:53.000 that I'll match you. So put some money away and 0:10:53.040 --> 0:10:56.360 then I will match you. And then I was like, okay, 0:10:57.240 --> 0:10:59.960 for what right. Remember I'm still still like eighteen nine, 0:11:00.400 --> 0:11:02.760 so I'm like, for what you like? No, for the future, 0:11:02.800 --> 0:11:05.600 so that something comes out. But the main thing that 0:11:05.640 --> 0:11:09.520 clicked was when I started working right and there was 0:11:09.559 --> 0:11:11.680 a guy who who will say will He managed to 0:11:11.679 --> 0:11:14.400 get me to save five hundred bucks right I was 0:11:14.920 --> 0:11:18.280 in I wasn't broadcasting as well, at a youth station, 0:11:18.480 --> 0:11:22.199 and he said to me, let's put five hundred bucks away. 0:11:22.440 --> 0:11:24.400 At the time, I think that must have been like 0:11:24.520 --> 0:11:27.920 five percent of my salary at the time, five hundred bucks. 0:11:27.960 --> 0:11:30.800 So I was like, okay, cool, that's fine, put that away. 0:11:31.200 --> 0:11:33.720 I managed to do that without knowing it for five years, 0:11:33.720 --> 0:11:35.840 and like fifty grand came out of that. It was 0:11:35.840 --> 0:11:38.360 a fifty grand that future self really needed at that time, 0:11:38.760 --> 0:11:42.000 but past me had the foresight to get into that, 0:11:42.240 --> 0:11:44.360 so it became a habit. I no longer saw the 0:11:44.440 --> 0:11:48.240 five unue rand deavid order. I no longer saw it. 0:11:48.760 --> 0:11:51.280 But it wasn't just saving at that time. He got 0:11:51.320 --> 0:11:53.880 me to do a double. It was saving and investing. 0:11:55.800 --> 0:11:57.880 And I suppose the difference but between the two is 0:11:57.920 --> 0:12:00.880 the one short term and the other's longer term hundred percent. 0:12:01.440 --> 0:12:03.880 And that was knowing where I was. 0:12:04.160 --> 0:12:06.240 Knowing where I was at that time, you got to 0:12:06.320 --> 0:12:09.280 understand my psyche and he said, look, what's five hundred 0:12:09.280 --> 0:12:13.080 bucks between you and anything else? It's one good weekend away, 0:12:13.480 --> 0:12:18.000 but you're already making cash in other means. Be searching 0:12:18.000 --> 0:12:19.760 of this five rebox and put it away. And it 0:12:19.920 --> 0:12:23.760 really really came in handy because life goes in ebbs 0:12:23.800 --> 0:12:27.040 and flows, and then fifty k it came in handy. 0:12:28.600 --> 0:12:33.120 Listen, we're speaking about cultivating the mindset of saving, the 0:12:33.200 --> 0:12:36.920 saving mindset. It's a difficult one because as a nation, 0:12:37.120 --> 0:12:39.760 as a people, we don't have a culture of saving, 0:12:39.800 --> 0:12:42.480 and it's one that we need to build and almost 0:12:43.000 --> 0:12:44.400 you know, make a case. 0:12:44.120 --> 0:12:45.920 For which I think we'll do. In just a bit. 0:12:46.160 --> 0:12:48.080 I want to go to our phone lines because we've 0:12:48.080 --> 0:12:50.640 got a caller that's been holding for a while. Kid morning, 0:12:50.679 --> 0:12:53.000 you're in Atriageville, Good evening, welcome to the show. Thank 0:12:53.040 --> 0:12:53.920 you so much for calling. 0:12:55.200 --> 0:12:58.280 Good liveing man, and even into your seven or shore 0:12:58.320 --> 0:12:59.559 dear listeners. 0:12:59.240 --> 0:13:00.480 Welcome gidib, thank you. 0:13:00.520 --> 0:13:05.240 Go ahead, Okay, say, I don't know if maybe what 0:13:05.320 --> 0:13:08.520 I'm asking is relevant or not is not per sefe 0:13:08.559 --> 0:13:13.079 saving this investment. In two thousand and nine about mtent 0:13:13.160 --> 0:13:18.800 shares empten Regulations Part one for two and then they 0:13:18.800 --> 0:13:22.760 told me ten shares, and then they said, after two 0:13:22.760 --> 0:13:25.120 to three years, they're going to transfer our shares to 0:13:25.240 --> 0:13:26.840 the JS you so that we can sell them and 0:13:26.840 --> 0:13:31.920 maybe buy chures from telcomor the other companies. Password to 0:13:32.040 --> 0:13:36.400 penty sixteen and they tell us that they are in 0:13:36.520 --> 0:13:42.680 financial travel a bit because the new Gerant government has 0:13:42.760 --> 0:13:46.439 decided to find them because they were overcharging the Nagerant 0:13:46.480 --> 0:13:50.600 people on data plice. To pay those people, they decided 0:13:50.840 --> 0:13:55.240 to buy us out emptien leculations all amptien circulatives part 0:13:55.240 --> 0:14:01.280 one people and then reintroduced npien circulations part two. When 0:14:01.480 --> 0:14:05.200 I try to talk to them, I've had shares with 0:14:05.280 --> 0:14:06.959 you guys for many years. I haven't seen given in 0:14:07.000 --> 0:14:09.240 a single even and now you're telling me that you've 0:14:09.240 --> 0:14:12.240 brought me out without my concern or permission? How does 0:14:12.280 --> 0:14:15.120 that record? If I buy shares in your company, I'm 0:14:15.160 --> 0:14:19.160 investing in it, so I don't know if maybe you 0:14:19.200 --> 0:14:21.400 can tell me what's away for here? 0:14:21.800 --> 0:14:23.760 And how do you feel after that money? 0:14:23.880 --> 0:14:26.960 Is it leaving you a little discouraged when it comes 0:14:27.000 --> 0:14:28.040 to the investing. 0:14:27.680 --> 0:14:31.840 Friend A bit frustrated because whenever you call them, they 0:14:31.880 --> 0:14:34.320 transfer you to their call friend tip people, and they 0:14:34.360 --> 0:14:36.240 don't know anything about the shares they tell us to 0:14:36.280 --> 0:14:38.840 go to. They become mean and said, you know what 0:14:39.360 --> 0:14:41.880 the dealer was between MTNNN. Don't talk to us, and 0:14:41.880 --> 0:14:43.360 then they drop the phone and then you don't know 0:14:43.400 --> 0:14:48.080 who to tell you anymore. You know. 0:14:48.160 --> 0:14:50.320 These are some of the things that happen when people 0:14:50.960 --> 0:14:53.840 decide to, you know, challenge themselves and then go into 0:14:53.840 --> 0:14:56.960 the saving space. And I know about the controversies around this, 0:14:57.080 --> 0:14:59.720 I can it share? What do you have to say 0:14:59.760 --> 0:15:00.600 to my name? 0:15:00.760 --> 0:15:03.640 So I think one of the core things that she 0:15:03.800 --> 0:15:06.040 needs to try and find right some of the agreements 0:15:06.080 --> 0:15:09.680 that she signed on too. When it comes to these 0:15:09.800 --> 0:15:15.000 larger sort of like share schemes, it is a voter 0:15:15.200 --> 0:15:19.840 oriented majority rules. So it might have been a case 0:15:19.880 --> 0:15:24.720 that a majority of the shareholders actually agreed to the sale. 0:15:24.920 --> 0:15:28.120 So they couldn't have just sold it. It's not possible, right, 0:15:28.280 --> 0:15:30.600 and if they did, they would have contravened something. 0:15:30.640 --> 0:15:31.720 That's one. Two. 0:15:32.520 --> 0:15:34.880 I've been part of these share schemes and there is 0:15:34.920 --> 0:15:36.520 a lot of communication that goes out. 0:15:36.600 --> 0:15:38.320 But what a lot of people, what I found a 0:15:38.360 --> 0:15:39.000 lot of people. 0:15:38.800 --> 0:15:40.720 Do is that maybe at times they change their contact 0:15:40.760 --> 0:15:44.120 information et cetera, et cetera, because they do send out messages. 0:15:44.120 --> 0:15:46.360 I was part of the Putuma Nati shares right and 0:15:46.400 --> 0:15:49.800 I luckily sold at the right time. But what is 0:15:49.920 --> 0:15:52.120 core for you to do is that you need to 0:15:52.160 --> 0:15:54.800 find the agreements that you signed or tried, maybe an email, 0:15:54.880 --> 0:15:55.680 an old email that. 0:15:55.680 --> 0:15:57.520 You can access, et cetera. That's one of the things. 0:15:57.880 --> 0:16:01.200 Two, you need to find some sort of legal advice 0:16:01.640 --> 0:16:04.280 around this, and there's generally free legal advice. But you 0:16:04.280 --> 0:16:06.640 need to show proof of ownership of those shares, because 0:16:06.680 --> 0:16:08.640 if every year they would have sent you like an email, 0:16:08.720 --> 0:16:10.960 an SMS or whatnot, that means that you were still 0:16:11.000 --> 0:16:13.320 part of the scheme and you were there. And you 0:16:13.360 --> 0:16:16.400 can show proof of purchase as well through bank statements, 0:16:16.400 --> 0:16:16.800 et cetera. 0:16:17.240 --> 0:16:18.840 So you need to go and say this is what 0:16:18.880 --> 0:16:19.120 I have. 0:16:19.240 --> 0:16:22.520 You need to try and speak to a person now, 0:16:22.720 --> 0:16:25.800 because more often than not you find that because people 0:16:25.880 --> 0:16:28.080 move on because they think that everybody else was part 0:16:28.120 --> 0:16:30.640 of that share scheme agreed, or there was a quorum. 0:16:30.720 --> 0:16:31.640 Most of the people agreed. 0:16:31.800 --> 0:16:34.760 We don't need to necessarily explain certain things the minution 0:16:35.000 --> 0:16:37.280 to a lot of other people. So you need to 0:16:37.320 --> 0:16:40.320 actually go and find out go to the people that 0:16:40.400 --> 0:16:43.560 administer the second share scheme and say, hey, I'm from 0:16:43.640 --> 0:16:45.480 the first share scheme and there are a couple of 0:16:45.520 --> 0:16:47.560 things that I do not understand and I need those 0:16:47.600 --> 0:16:50.040 and I need clarity around those, and then you take 0:16:50.120 --> 0:16:53.680 their formal official responses from that as your way forward. 0:16:53.920 --> 0:16:56.360 Do they resolve your problem or do they not resolve it, 0:16:56.480 --> 0:16:58.800 which means that you can go legal if you feel 0:16:58.800 --> 0:17:01.720 that you've been aggrieved Clivni, I hope that helps you. 0:17:02.800 --> 0:17:05.400 It has helped a lot. Thank you, because the only 0:17:05.440 --> 0:17:08.080 thing that we received from them, no email, no phone calls, 0:17:08.080 --> 0:17:10.840 no nothing. It's just every m they send us from 0:17:10.880 --> 0:17:14.719 the post uh a summarized version of their a GM. 0:17:15.000 --> 0:17:18.080 Meetings by are not part of the say we are 0:17:18.160 --> 0:17:20.280 many and then it's only they are part of that 0:17:20.359 --> 0:17:25.240 because attend and there's nothing about judents or paying out 0:17:25.320 --> 0:17:26.160 or buying us out. 0:17:27.920 --> 0:17:28.280 Listen. 0:17:28.760 --> 0:17:30.720 I hope that you'll be able maybe start on the 0:17:30.800 --> 0:17:33.840 legal advice you know, and and see how you can 0:17:33.880 --> 0:17:34.640 go forward from there. 0:17:34.680 --> 0:17:37.320 Okay, thank you for both of you. 0:17:37.359 --> 0:17:39.120 You've been Shelton, thanks a lot. OK. 0:17:39.400 --> 0:17:41.600 That's Gibney in at Triageville there. 0:17:41.720 --> 0:17:44.840 She's got a question on shares, and I was saying 0:17:44.880 --> 0:17:47.280 to you as much of that. You know, when things 0:17:47.320 --> 0:17:50.240 like that happen, and I think it's it makes people 0:17:50.320 --> 0:17:54.400 a little discouraged, It sets them back a bit. But 0:17:54.440 --> 0:17:57.159 the idea really is to keep going, isn't it? 0:17:57.160 --> 0:17:57.919 One hundred percent? 0:17:58.240 --> 0:18:02.040 So the the interesting thing about it is that whether 0:18:02.160 --> 0:18:07.960 or not she maybe gets a she was basically speaking 0:18:07.960 --> 0:18:11.320 about the dividends, et cetera. Maybe she might not realize 0:18:11.320 --> 0:18:13.679 all of it, but she will get something out of that, 0:18:14.000 --> 0:18:17.040 and that money is going to come in handy. What 0:18:17.080 --> 0:18:19.480 this means is that obviously you've got to vet the 0:18:19.480 --> 0:18:21.800 things that you invest in. You've got to feel comfortable 0:18:21.800 --> 0:18:24.639 that it's not money that you're gonna need at the 0:18:24.720 --> 0:18:25.440 drop of a time. 0:18:26.000 --> 0:18:27.240 It's you've got. 0:18:27.119 --> 0:18:30.119 To understand that saving means that I've got a kitty, 0:18:30.359 --> 0:18:33.239 I'm saving up for an emergency thing. I'm saving up 0:18:33.240 --> 0:18:35.800 for a big thing. Maybe it's a holiday, maybe it's December. 0:18:36.880 --> 0:18:39.800 You know, the kids really drink a lot of oros 0:18:39.800 --> 0:18:40.440 over December. 0:18:40.520 --> 0:18:41.800