Top Personal Finance Advice All South Africans Should Read About

Advice on how to manage multiple sources of income as a “slasher”. In the fast-paced world of today, most people can no longer afford to rely on just one source of income. Beyond just financial reasons, a lot more people are choosing to pursue their passions by moonlighting. This has led to the birth of the “slasher” generation. Take the accountant who is also a club deejay on weekends, or the advertising executive who teaches online, for example. Thirty years ago, this may have been regarded as taboo, but in the 21st century, the age of the millennial has made it easier to switch careers or have a non-linear career path. What does this mean for personal finances management though? Having multiple sources of income can provide some welcome relief, but it also means that individuals need to know how to manage their finances effectively. Personal finance advice all South Africans should read about should include information relating to this phenomenon.

Shifts in the South African work market mean that individuals should be more prepared for the changes as well as how to handle the effects. Advice on AirbnbReal estate investment offers South Africans simple ways of gaining returns in the short or long term. With traditional ways of renting property experiencing some dynamic changes, such as the introduction of Airbnb, real estate investors need to know how to make the most of their property. Personal finance advice relating to how to make more money from property through Airbnb is a must-read for any South African. Savings and investment guide for millennialsUnderstanding how millennials manage their money is important to understand. Accessing personal finance advice as a millennial is much easier – thanks to the internet.

Studies have shown that South African youth are saving at a slower rate compared to their U. S. counterparts. There are a number of factors that contribute to these statistics, such as high unemployment, debt commitments as well as family commitments. Millennials are more entrepreneurial, while unit trusts are popular investment vehicles for this generation.