A road trip to financial freedom

A money blog by the travel bug

best interest rates in South Africa

8 September 2020

Over the past 13 months the repo rate has dropped from 6.75% to 3.5%. It’s unusual to get more than the repo rate on a 1-day notice deposit with your bank. For example, Nedbank currently offers 3% on a notice deposit for amounts above R50 000. TymeBank offers 4% from the first day that your money hits their Goalsave account. In comparison, African Bank offers 10% per year on a 5-year fixed deposit. Why the big difference?

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lockdown and tips for property buyers

19 August 2020

For all lockdown's craziness, it did speed up the manifestation of two of my longtime dreams: working from home indefinitely and moving to the platteland. The past four years have been a busy time for me on the property front, involving buying twice and selling twice - all done privately. This post covers what I learnt through personal experience as a property buyer.

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coronavirus Covid-19 and your investment journey

19 March 2020

There are two types of investors at the moment. The one group still has a smile on their face and go about life as normal. The other group looks like they've just been thrown off the bus. The difference between the two? The first group has not yet checked their investment accounts... How did this happen? And how long will it be before life and our portfolios return to normal?

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how to choose the best tax-free account in South Africa

2 February 2020

If there’s only one investment product in your long-term investment portfolio, surely it has to be a tax-free savings account (TFSA). Since TFSAs started in 2015 the number of TFSA providers have grown rapidly, pushing fees down (great for investors). But the levels of service you get with these products vary hugely. Which ones currently offer even more than tax-free - also hassle-free and ridiculous-fee free?

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free2dobedo changes domain name to gofreedom

14 January 2020

It's a new year and my website needed a new name - easier to remember, accurately describing a journey to freedom, and now a proudly South African domain. Welcome, Go Freedom!

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financial freedom update

22 November 2019

It’s almost six months since I launched this website and time for an update on my journey to financial freedom. It’s been a mostly smooth drive since June and my overall feeling is one of being hopeful. If this update was a song, it would be Jenn Johnson's 'You're gonna be OK'.

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investment fees

31 October 2019

Fees need to be hunted down no matter how deep they’re hiding and cut if they’re for a service that adds no value to your life. So, how do you find out how much you’re really paying? Well, start by looking out for the three A’s of investment fees - advice, admin and asset management - and pin those hairy figures down.

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knotted net of investment terms

19 October 2019

Want to know where active, passive, wrappers, unit trusts and other commonly used investment terms fit into your portfolio? This is for investors who want to dig deeper. Warning: this post contains explicit investment language and graphic depictions of what your money get ups to when you hand it over to the investments industry. Only view if you're not sensitive to a sustantial amount of detail.

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could your older self style it financially part 1

6 October 2019

This blog post is for everybody out there who’s ever played around with a retirement calculator and then got stuck halfway trying to figure out whether they’ll be OK in old age or not. Because investment terms are not that obvious - even for insiders. This week I'm walking you through the Discovery tool step by step.

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five outdated investment beliefs hurt your portfolio performance

18 September 2019

It seems most corporate employees - myself included - become burrowed so deeply into areas of specialisation that they hardly catch a whiff of the exciting new developments in their industry. Being on sabbatical allowed me to explore what’s new on the local investment scene. My heart missed a beat. How and when did I fall this much behind?

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frugal holiday

11 September 2019

Let's face it. It's hard to relax on holiday when your wallet aches every time you want to do, see or eat something. But there are ways to see the world that fit most budgets. Here are some frugal travel tips for those who need to find out what's on the other side of the fence.

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This is how I manage to live below my means

29 August 2019

Soon we’re off to Greece for our second holiday this year. Partly possible because I haven't bought a new car in almost 17 years, but also because I've spent years trimming down my running costs to the bare minimum that would work for me. This is how I manage to live below my means.

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How much is enough? Alternatives to the 4% rule

15 August 2019

Are there routes to your magic number other than the 4% rule? Because 300 times your monthly expenses is kind of a tall order and maybe you are feeling somewhat 'flat tyres' after reading the previous two posts. Time to look at other formulas that could work better for you.

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Four things that can go wrong with the 4% rule

Things that can go wrong with the 4% rule

1 August 2019

The 4% rule is a great guide towards your magic number - if you keep in mind that it's a rule of thumb and like all simplification it has the potential to trip you up if you're not aware of its shortcomings. Here are the four main possible 'wobblies' you need to prepare for.

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Are the rule of 300 and the 4% rule the same thing?

the four percent rule or rule of 300

26 July 2019

If your GPS is set on financial freedom, that place where you can just be for a while and march to your own do-be-do beat, then you'll need to know your magic number. The amount at which you can say, 'If I quit my job now, I'll be OK for a very long time.'

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Why I (sometimes) fake financial freedom

Why I sometimes fake financial freedom

19 July 2019

It can no longer be postponed. After more than seven years since my last one, and five years with Big Investments Group (B.I.G.), air punching and silently screaming behind closed doors, I’ve lined up a sabbatical. Two months out of the office. Out of reach. Released from duty. Free to do-be-do.

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Will we live a long, long time?

Will we live a long long time?

14 July 2019

According to legend, if you look into the Well of Reflection at the cemetery of the sacred temple village of Koyasan and do not see your own reflection, you will die within three years. So it happened that I contemplated my own mortality every step of the way back into the village, feeling a little pale and unsettled. I don’t know if it were the clouds that added to the illusion, but for the life of me I could not see my own reflection.

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