Learn and grow with these financial tips

“Have you ever heard the Chinese proverb saying about planting a tree?

‘The best time to plant a tree was 20 years ago. The second best time is now’. The same goes for investing,” says Gugu Sidaki, director of Wealth Creed. “If you have not started your investment journey, consider getting started as soon as possible as you reap the full reward of a good investment through time.”thousands and thousands of rands from the start — as long as you start somewhere.

“There is no perfect, scientifically calculated age to start. The biggest step is just to start,” Pickard says. “We all live within our own means. I always encourage my clients to save whatever they can no matter how small it might seem. You can always adjust the amount that you are saving at any time in the future.”Sidaki says not all investments are suitable for everyone. Before you get started, consider your goal , your investment horizon , your risk appetite and your budget .

“A tax-free savings account allows you greater flexibility in terms of accessing the money,” says Pickard. You can withdraw from your tax-free savings account at any time in case of a rainy day or any unforeseen financial emergency.”

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