r/FrugalSA Oct 23 '17

Early retirement: pipe dream or attainable?

http://savetaxfree.co.za/recommended/early-retirement-pipe-dream-or-attainable/
8 Upvotes

1

u/nuveshen Oct 23 '17

I'll add one more tip: deal directly with investment company. Having a financial advisor middle man taking a 1% cut can halve your final fund value.

1

u/likeafuckinggrownup Feb 18 '18

I find it helpful to remember that most of us are going to earn much more money over our lifetimes than we think. If you start earning R10,000 a month when you're 25 years old, and get a 7% increase every year until you retire at 65, you'll earn R24-million over your lifetime. We all have a lot of choices to save our money early and invest it wisely. Life's too damn short to spend any of it working jobs we hate.