Archive for May 31st, 2009

Book Review: The Spirit Level

May 31, 2009 No Comments

Authors: R Wilkinson & K Pickett Publisher: Allen Lane, an imprint of Penguin Books (2009), 331 pages The central message of The Spirit Level is that (at least amongst the world’s developed economies) the more egalitarian societies (like Norway and Japan, for instance) appear to function much better than more unequal societies (like the US ...

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Surviving the small business journey

May 31, 2009 No Comments

Image via Wikipedia Why SMMEs fail By Charles Pittaway, CEO of Netcash Successfully steering a new business through its first five years is not a challenge for the faint-hearted. Charles Pittaway, who founded Netcash in 2001 to provide payment services to other small and medium business owners, shares some of the lessons of his entrepreneurial ...

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OTHER ADVANTAGES OF UTILISING YOUR HOMELOAN AS A SAVINGS ACCOUNT

You will have seen from the examples above that you can save thousands of Rands and settle your bond...

PAY YOUR INSTALMENT AS SOON AS POSSIBLE, PAY IN ADVANCE, AND NOT ARREARS

If you change jobs and your payday changes, ensure that you notify the bank immediately. Paying just 2 day...

BUY WELL WITHIN YOUR MEANS

A lot of people make the mistake of buying a house very close to the maximum for which they...

DO NOT ALLOW THE BANK TO ADD ON COSTS

Today’s competition between banks for bond business is very strong. This results in them making various offers to their...

TAKE A MAXIMUM TRAVEL ALLOWANCE

This piece of information is closely related to the section on not taking a 13th cheque from your employer....

DO NOT REDUCE PAYMENTS WHEN INTEREST RATES DECREASE

In South Africa, interest rates are often subject to wide fluctuations with little warning. When rates decrease, the banks...

DO NOT TAKE A 13TH CHEQUE

A popular practice amongst companies today is to allow staff to decide whether or not they would like a...

USE YOUR “DORMANT” MONTHLY FUNDS

These examples show how much you can benefit simply by placing funds which you only need at a later...

Home Loan Series Vol 2

The problem, as discussed in the previous article, is the capitalisation of interest, over and over again EVERY MONTH...

Homeloan Series Vol 1

The purpose of this series of articles is to provide bondholders in South Africa with practical and simple methods...