Deon’s Keystone

Deons Keystones_1In the last article we spoke about how it is possible to get people to save when we can deliver on investment returns that are better than cost of interest on loans.  The motivation is that all of us want to be in a better (financial) position than the one we in and that the psychology of all people being the same, we realise that it can only be done by saving and accumulating wealth.

In that article I promised to seek and find an investment that can deliver superior investment returns on our savings.  I am so convinced of the superiority of this solution that I am attaching my personal name to the product, the DeonsKeystone.  This will require commitment from me to regularly review and give feedback to investors on the performance of the funds, to protect my name.  Continue reading “Deon’s Keystone”

Turning R200 per month into R1,000,000

Last week I breakfasted with one of my friends who happens to be a trade union boss.  Our Turning R200 per month into R1,000,000_1conversations each time we meet focusses on the plight of the workers he represents, a passion I share when writing to workers in the Workplace.  This meeting was no different and this time we discussed workers financial needs.  The concern is that most of his members will never be able to retire when they appear unable to accumulate enough wealth as they do not (or cannot) save. Continue reading “Turning R200 per month into R1,000,000”

Women and finances

Women still felt powerless to make their own financial decisions.

AydreyHepburnSaturday saw the celebration of International Woman’s Day. On Friday I asked the women in my group to tell me what the purpose was. None knew. One thing we did discuss was the fact that women still felt powerless to make their own financial decisions. While they had no problem buying a dress of several thousand Rand from their own hard earned income without consulting their husbands they were unable to take their own decision about putting R500 a month into medium and long term savings. The husband had to be consulted. Whether this was true or a convenient excuse, that remains a mystery.

When women rely on their husbands for financial advice, it leaves them at an enormous disadvantage later in life. The husband will always advise against it in fear that she’ll become independently wealthy on her own; or more immediately neglect her wifely duties of cooking supper. Continue reading “Women and finances”