Business Times 9 March 2008 HOW TO MAKE A MILLION FROM R500
After wading through all the options, the sage and simple advice is often the best
Once again we were asked to make a plan and although our initial response was - “We’re good but not that good!” – we tackled the question anyway.
In case you’re interested, the following bits had input from us:
• Investing in your property
• Investing on the stock market
• Borrowing against your assets (Not the best advice for most - hence the disclaimer below it – but rather an exercise to show that often ‘it takes money to make money’)
Business Times 16 March 2008 GET SOME CASH BACK FROM YOUR BANK
Paying just a little extra into your home loan makes a big difference
For this article we were asked to calculate how much you could save by investing an extra R500 per month into a R1 million bond.
For those who don’t want to read a newspaper let’s just say that it took three years off the bond and saved a whopping R400, 000!
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