BinaryLion 🦁🌐

Re-releasing my latest EP, Vision Board on various streaming platforms! Pre-Save Link below 🦁 distrokid.com/hyperfollow/bi…

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It's official: Bruno Fernandes is the best player in the Premier League 👍

Respect to Paul 🙏🏽

@papa_banco 😂😭💀

There’s a colleague who put the arsenal jersey on his desk 😭 Orlando Pirates must do something, I also want this excitement 😏💀

@Mashstartup 😭😂🔥

@TheBinaryLion I might just make a reappearance with this one 😂😂😂

I'm expecting this on LinkedIn 😭😭😭

@vukosi 👏🏾👏🏾👏🏾 Legend!

For Our Village of Africa to the world.

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MEN should ALSO be TAUGHT not to ACCEPT the BARE MINIMUM from WOMEN 💯

@UlrichJvV This is a really beautiful picture

This Joburg sunset makes me so happy! Have a great weekend! 🤩🍂📸

@femalepencil 5k for 20% !? 😭

Hmmm actually thinking of using it to start a fund where I invest 2 to 5k into small start ups and get 20% of all future earnings

I love tech but constantly annoyed by these Silicon Valley / San Francisco bros on this app😭😭😭

@mwseibel @ClaudeBixby1 Now let's try socialism, because capitalism really is not working ;)

@ClaudeBixby1 I’m saying in the A/B tests of how to organize society - we tried communism. Therefore we tried some pretty extreme experiments. Not saying you are advocating for communism.

Michael Seibel. Advisor to future unicorns. Doesn't seem to understand zooming out and looking at systems, or even incentives. It's always sobering to realize all these important people are just regular dummies

When Pluto was demoted from planet status

We should think more seriously about what we choose to build. Pushing people into debt, fuelling gambling addiction, and feeding endless dopamine loops cannot be the highest use of our talent and ambition.

@iamkoshiek You've done big things man, and still pushing onto bigger things 💪🏾🔥

exactly 10 years ago ⏰ I was a newly minted investment banking associate experiencing New York for the first time especially in your 20s — stay shooting your shot!! 🏀🎯 you’re always one breakout opportunity away from changing your life forever

@kaytrathomas 10/10 album 😭🔥

The entire album was mixed by me on FL Studio. 😝

I hope Ruben Amorim watched that game

Champions League qualification secured for 2026/27 🏆 Congratulations, @ManUtd 🔴

The 𝗱𝗲𝗳𝗲𝗿𝗿𝗲𝗱 𝗽𝗿𝗶𝗻𝗰𝗶𝗽𝗮𝗹 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 is a debt trap for young professionals. ‼️🚨 It’s been framed as “𝗵𝗼𝘄 𝗰𝗮𝗻 𝘄𝗲 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂” but really it is “𝗵𝗼𝘄 𝗰𝗮𝗻 𝘄𝗲 𝗵𝗲𝗹𝗽 𝗼𝘂𝗿𝘀𝗲𝗹𝘃𝗲𝘀” I say this because if they really wanted to help, 𝘁𝗵𝗲 𝗳𝗶𝗿𝘀𝘁 𝘁𝘄𝗼 𝘆𝗲𝗮𝗿𝘀 𝗼𝗳 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗴𝗼 𝗲𝗻𝘁𝗶𝗿𝗲𝗹𝘆 𝘁𝗼 “𝗰𝗮𝗽𝗶𝘁𝗮𝗹” 𝗮𝗻𝗱 𝗻𝗼𝘁 “𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁” ——- Let me explain: The first two years go towards only repaying the interest portion on your home loan and not the capital. (𝗧𝗵𝗲 𝗯𝗮𝗻𝗸 𝗶𝘀 𝗱𝗲𝗹𝗶𝗯𝗲𝗿𝗮𝘁𝗲𝗹𝘆 𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗶𝗻𝗴 𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝘀 𝗮𝗿𝗼𝘂𝗻𝗱 𝗰𝗼𝗻𝘀𝘂𝗺𝗲𝗿𝘀’ 𝗺𝗶𝘀𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗼𝗳 𝗮𝗺𝗼𝗿𝘁𝗶𝘇𝗮𝘁𝗶𝗼𝗻). With standard home loans, your monthly bond payment is split into two portions: 1️⃣Principal 2️⃣Interest For example, on a R1 million home loan at 10% over 20 years, your monthly payment would be R9,650, which is split like this: 1️⃣Principal = R1,316.88 2️⃣Interest = R8,333.33 𝗢𝘂𝘁𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗮𝗺𝗼𝘂𝗻𝘁 = 𝗥𝟵𝟵𝟴,𝟲𝟴𝟯 ——— However, with the deferred principal strategy that FNB is using, it means you only have to pay the 2️⃣ interest portion on your home loan every month for 24 months. (R8,333) That means your monthly payment falls from R9,650 ——>R8,333, increasing your cashflow. 𝗕𝘂𝘁 𝘆𝗼𝘂𝗿 𝗼𝘂𝘁𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗱𝗲𝗯𝘁 𝘄𝗶𝗹𝗹 𝘀𝘁𝗶𝗹𝗹 𝗯𝗲 𝗥𝟭 𝗺𝗶𝗹𝗹𝗶𝗼𝗻. For this privilege of keeping your debt the same, you save R1,317 month (R15,804 a year). ——— *After the two year “grace period” your 20 year home loan is compressed into 18 years and the loan reverts back to a standard home loan. Now you have a R1 million home loan at 10% (Or whatever the prevailing rate is) over 18 years. So the breakdown would now be: Monthly = R9,998 1️⃣Principal = R1,665.10 2️⃣Interest = R8,333.33 𝗢𝘂𝘁𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗮𝗺𝗼𝘂𝗻𝘁 = R998,334 (25 months in) ———- Under a standard 20 year home loan agreement, you would pay back: ✅R2.31 million (R1.31 million interest) ——- Under FNB principal deferred structure, where they compress it into 18 years after the two year “grace period” you would pay back ✅R2.35 million (R1.35 million interest ) You pay back roughly R43,610 more than a standard home loan, however, the article does not mention if the loan would be compressed into 18 years after the two year “grace period” or if it would be an additional 20 years after the 2 year “grace period”, in that case costs can rise by at least R200,000 more.