Wherever I go to present about money, young people always take the opportunity to complain about Black Tax. I throw the challenge back at them and point out that surveys that have been done reflect that they are not doing better than the older generation. In fact, most have a huge appetite for consumer debt and sadly, low financial literacy. I hope that this interview will help our young people to do much better than some of us did. Time is on your side and I hope you will empower yourself with knowledge & make informed decisions that will change your life for the better.

In this podcast, I address the following questions

  • As a young person,  what are the foundational money decision / principles that I need to know if I have never been taught about money at home?
  • It seems like it would be tough to go through life without a credit card. How can I discipline myself to use it wisely and only when necessary?
  • Black tax is real in my life and I have just started working. How do I determine what percentage of my income to contribute towards the wellbeing of my family members?
  • What decisions that seem irrelevant now when it comes to managing of my money, will have a huge impact on my life later on?
  • We also talk about buying cars, saving for retirement and how some families are now thriving because of the sacrifices that they made to educate each other, etc…

Do you know anyone who is facing retrenchment and need financial advice? Refer them to us info@thuthuka-sa.co.za. It is very important to get good, tailor made financial advice if you are retrenched so you can make your money to last for as long as possible