SPONSORED | During the recent Nedbank off-the-menu private experience, like-minded professionals from different industries connected and learnt about the value of saving early in your career. ArenaEventsZA
A recent private off-the-menu experience discussed how being strategic with your money and not succumbing to social pressure can help you achieve your financial goalsNedbank Private Clients, in partnership with TimesLIVE, recently hosted a private off-the-menu experience for like-minded young professionals from different industries, to connect and learn about the value of saving from the beginning of their careers.
Tracy Jensen, senior investment analyst at Nedgroup Investments, sympathised with newly employed young professionals who make do with a small salary to cover accommodation, living expenses and to pay off student loans. Though it seems difficult to start saving, her advice was to just start. There is power in debit orders — even if they are for small amounts — as they gradually build up.
Start saving when you can; be consistent; and use a financial planner to find the right mix of investments for youTo retire comfortably requires saving 15% of your gross income for 40 years. If that’s an impossible target, start lower and build up to 15% over time. When it comes to retirement savings, consistency is key.
Anil Jugmohan, a senior investment analyst at Nedgroup Investments, said it takes discipline to withstand peer pressure to spend.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nedbank says SA likely entered recession in Q4 of 2022Nedbank, one of South Africa’s big-six banking groups, estimates that GDP in the final quarter of 2022 shrunk 0.4%, saying SA likely entered a recession, following intensified rolling power cuts weighing on productivity Moneyweb NtandoThukwana
Read more »
Sponsored Content: Is it time to make recycling plastic waste your business?Everyone has a vested interest in recycling plastic waste. It reduces pollution and helps the environment. But what if you could actually make a business out of it. Well, you can. Anyone can.
Read more »
South Africa's cost of living crisis - and the household heroes making it workFuel price hikes have added to the financial strain faced by South Africans. Aside from the sinking feeling motorists get at the pumps, higher fuel costs push up prices for everything you buy, which must be transported from farms and factories to shops.
Read more »
Will coal’s demise be the making of SA’s Rust Belt?The economic prognosis for families, households and towns in Mpumalanga looks bleak due to the proposed decommissioning of six power stations
Read more »