
Ess
47.7K posts

Ess
@EMukumbo
Money matters. Personal Finance. Building my investment portfolio. Save Smart, Invest Simple. SME Ecosystem builder. Travel IG:EMukumbo 📩: [email protected]


we have a credit crisis 💔 folks earning more than R50k/ month spend 101% of their pay to service debt (entire salary) *read that again* their debt/ income ratio? 303% ‼️ people are surviving on the edge & interest rate hikes will send many over — Debtbusters Q1 Debt Index

there’s no “middle class” in South Africa it’s poor, premium poor & wealthy the so-called “middle class” are fuelled by an avalanche of debt, stagnant wage growth, suffocated by consumerism & beaten up by rising costs of living 1-2 missed salaries changes life entirely




There are no shortcuts to wealth or financial stability This TFSA maxing-out trend, is giving alot of young people false hope Everyone is riding this trend thinking they can erase their past #TFSA #JSE #Investing #SouthAfrica #PersonalFinance #MoneyTips



There are no shortcuts to wealth or financial stability This TFSA maxing-out trend, is giving alot of young people false hope Everyone is riding this trend thinking they can erase their past #TFSA #JSE #Investing #SouthAfrica #PersonalFinance #MoneyTips











