Meet the new Money Makeover contestants: Follow six ordinary South Africans as they take up the Absa/City Press Money Makeover Challenge and undergo a money makeover boot camp
Start monthly contributions towards a retirement annuityhas been working as a certified financial planner for seven years.“My wish for Mlibokazi is for her to have the financial literacy that will give her the confidence to tackle the financial challenges she currently faces, as well as manage her finances in the future.”Big data administrator Molefi is 32 years old and aims to be financially independent at 45. For him, financial independence means being able to start his own consultancy.
He is passionate about assisting clients with building sustainable financial futures and wealth, through a holistic financial planning approach. But it takes skill and knowledge to run a successful business – something that young South Africans are not taught at school.“To own a professional fast food restaurant with the aim of providing job opportunities and being successful.”“Not saving for emergencies and spending more than I earn because of too many personal needs.
His focus now is to find a small warehouse where he can move his two machines to and where his two part-time employees can operate them to produce the prototypes. “I thought I could fix it with time, by taking out a small loan at first, but then the debt just got bigger and bigger. I am tired of the constant worry and fear of not being able to provide for myself and my family. I would like to find a way to repay my debt and still be able to afford my basic needs.”
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