What has been the best piece of financial advice you have ever received?

Out of all the investing decisions you will ever make, the most important is the decision to start

Years till financial freedom according to the percentage of your salary that you save.

If you save the recommended 15% of your salary, it will take you 40 years to become financially free.

Up your savings rate to 50%, and you can be financially free in just 16 years!

ETFs = Awesome!
TFSAs = Awesome!

ETFs in a TFSA = Awesome to the power of awesome!

The investing abbreviation and jargon buster

If your income is less than R25,000 a month, focus on earning more

If your income is more than R25,000 a month, focus on spending less

Dividends are awesome - you are literally getting money for sitting on your ass!

The basic principles of FIRE (Financial Independence, Retire Early)

1. Spend Less Than You Earn
2. Attack Short Term Debt
3. Invest In Low Cost Passive Funds
4. You are financially free when you have 300 times your monthly expenses saved up

Heard at the braai:
'I bought a house for R500k and 5 years later I sold it for R1 Mil.'

Not heard at the braai:
'Over those 5 years I paid R238k in interest, R90k in levies, 24k in rates & taxes and R12.5k in repairs & maintenance.'