Building a legacy means more than just repeating a pattern – it’s about true wealth creation. Perhaps you are fortunate enough to have come from a family where your grandparents worked hard, saved, bought a house and two cars and then had your father/mother.
It is likely that your father or mother repeated this pattern; dedicating themselves to a job that enabled them to purchase a home and a car or two, send you to school and perhaps a university or some other form of tertiary education.
While this model is not inherently wrong, this conservative approach does not enable the legacy of wealth to pass efficiently down from one generation to the next.
Millennials Under Fire
While millennials are often accused of squandering their money on frivolous spending (Australian millionaire, Tim Gurner’s controversial ‘Avocado’ article a prime example of this kind of attack), in reality, the ‘stop spending and start saving’ model just doesn’t work in today’s new world economy. The solution, rather, is to increase your financial education — and by extension, your income.
Wealth Creation with Rich Dad’s Solution
Creating a legacy is all about lasting wealth creation, whether it be in property investment, stocks and shares, or entrepreneurship.
Inspired by the teachings of Robert Kiyosaki – Educator, Investor and Author of the worldwide bestseller ‘Rich Dad Poor Dad’, Rich Dad’s Solutions are designed to educate you and move you forward on your personal wealth creation journey. Indeed, Robert Kiyosaki is widely regarded as the fastest growing name in personal finance.
Learn to Trade the Stock Market
Even if you never traded a single share of stock in your life, Rich Dad Education’s comprehensive Stock Success Training can prepare you for all the potential rewards that come from being a self-directed trader.
Accessing a $5,3 trillion a day market can seem like an insurmountable task that might otherwise leave you feeling left in the dark. However, Rich Dad Education’s Elite Global team are experts in their fields and have anticipated all the queries and concerns you may have about entering the realm of the wall street pros.
Related: The Road to Financial Freedom
At the Free Stock Trading Workshop, you will learn:
- 3 proven strategies that can give double digit percentage returns per month
- How to protect against a weakening Rand and political uncertainty
- How to fit trading into a busy lifestyle
- How to generate a consistent income in Dollars or Pounds from South Africa or anywhere in the world
- How to manage risk effectively to help double your returns.
Invest in Local and International Property
When invested in well, property provides leverage. It is one of the only assets you can get leverage at 100% using other people’s money and it can also provide unlimited wealth and security.
There is no income ceiling in property as it is a positive cash flowing asset. Furthermore, the lessons and patterns you learn can be applied and over again.
At the Free Property Investment Workshop, you will learn:
- How to get into the property market, even if you have no investing experience
- How to generate a passive income outside your job
- Where to find hidden investment opportunities
- How property investors are achieving excellent returns on their investments through the buy-to-let market
- How to turn the current demand for rental properties into an opportunity
- How to overcome fear of failure and manage risk.
- Johannesburg 4 – 9 July
- Register now on www.rdstock.co.za
- Johannesburg 26 June – 2 July
- Cape Town 4 – 8 July
- Register now on www.rdsa.co.za
Set Up Your SME For Success With Fibre
Boost your business potential when you plug into fibre. It offers unprecedented benefits, taking your business to the next level of connectivity.
More South Africans are turning to fibre for fast Internet access. We’re witnessing a boom in fibre expansion and as a result, it’s becoming a more affordable option for SMEs. Once businesses connect to fibre, they can access a reliable, ultra high-speed connection that unlocks the full advantage of cloud-based processing.
Cater to usage demands
A slow Internet connection can derail your business. It’s imperative for business owners to prepare their networks to handle additional usage requirements. Failing to do this might lead to interruptions, slowdowns and a potential impact on your bottom line. An Internet connection should be a tool that supports innovation and uninterrupted productivity.
Shift to the cloud
More businesses are accessing cloud-hosted information via Software-as-a-Service (SaaS) tools and other platforms. In 2018, nine out of 10 companies in South Africa said they had increased spending on cloud computing, according to a report by World Wide Worx and F5 Networks. Running your day-to-day business on the cloud requires you to have a more powerful Internet connection.
Support video and VoIP
Some businesses make use of video capabilities for training and meetings, and VoIP for sales and marketing. On a fibre line, businesses can ensure they meet these demands without putting a strain on the network. With fibre, business owners can run voice and Internet data on the same line but may look at installing a second data connection for redundancy.
Get what you pay for
There’s no denying it, fibre provides exceptional speeds and offers a brilliant price-to-performance ratio. You won’t receive the same contention ratio as other connection mediums – you will get what you pay for. Bandwidth caps are less of an issue with fibre because there’s a choice of affordable uncapped deals on offer.
Make the right choice
- Before you decide on your fibre deal, ask the right questions, understand exactly what you’re paying for and match your business requirements with the right amount of bandwidth.
- Choose a provider that allows you to manage growth for the long term – one that allows you to choose your deal, scale when necessary and not throttle your fibre line.
- You’ll also want an ISP to have your back further down the line. Insist on obtaining a comprehensive list of services along with the monthly fee. Ensure you are provided with a full service including all necessary support and equipment to deliver optimal fibre performance.
Ignite’s drive and purpose is to be the spark that inspires SMEs, which is why the Ignite Fibre service is structured to put you in control. Ignite offers you tailored packages that take into account your daily Internet and business startup needs.
Designing Her Destiny
Oh Yay! owner, Emmerentia van den Hoven does business her way.
In 2011, Emmerentia van den Hoven took a leap of faith when she decided to leave her graphic design job at an agency and pursue her real passion – and it has paid off tenfold. Here’s her story.
“When I started planning my own wedding eight years ago, I fell in love with wedding design and wanted to do that for the rest of my life. Designing for brands had become a set of rules rather than being creative, and I’d always wanted to work for myself. So, in September 2011, I turned my seven-month-old side gig into a fully-fledged business and launched Oh Yay!
I have to hustle every month to get new clients because every client will use my services maximum twice – first for the wedding invitations and then for the stationery on the day – so I don’t normally have returning clients.
Because my main business is seasonal and usually once-off per customer, I have branched out into branding for small businesses in the beauty and lifestyle industry. I also earn a passive income through the Oh Yay! online shop where I sell wedding décor items. Oh Yay Kids – my other online store – is my passion project. I launched it just before my second child was born, adding items to the store that I made for my two boys when I saw a need for it. I then expanded into prints for nurseries and kids’ party stationery.
I work for myself and have no employees, so the fact that QuickBooks lets me load all my services, products and prices in one place makes running my business so much easier. Being an entrepreneur is difficult because you don’t know if you’ll be successful or not. But if you believe in and love what you’re doing, it reflects in your work and the service you give.”
Less admin, more of what you love
When Oh Yay! was launched, along with her dream of being an entrepreneur, came the nightmare of other administrative tasks. But that changed in 2018 when Emmerentia started using QuickBooks.
“When I was using spreadsheets to balance my books, I was spending 80% of my time on admin, which left very little time to tend to customers’ orders. I now spend no more than 25% of my time on admin, which is important, especially when it comes to the speed at which I send quotes. You don’t get any work if you don’t send out quotes and it’s tough to juggle the admin with your actual job of running the business.
Numbers were never really my strong point, so having a professional quote done in record time not only projects professionalism, but the format also changes the way new clients see me. In my industry, the quicker you can send a quote out, the likelier you’ll get the clients’ business. It gives legitimacy to my business. The QuickBooks system operates so seamlessly that clients communicate with me differently, like I have my own accounting department, when in fact, I’m a one-woman-show.
I used to dread doing admin, but now it’s so easy and quick. I’m not just saying this – QuickBooks changed my life.”
The Future Of Fleet Management Is Now
Power up your fleet management and make even smarter business decisions with the new WEBFLEET. WEBFLEET is the award-winning Software-as-a-Service fleet management solution from TomTom Telematics, designed to provide you with the data needed to help your field operations become more efficient, more productive, safer and more profitable.
An improved interface and enhanced features mean WEBFLEET is now more powerful than ever before, and can be accessed anytime, anywhere on any screen. Find everything you need to help save on fuel, maintenance and administration costs, while delivering the quality service your customers demand.
It has already delivered proven results for customers across the globe and is powered by continuous innovation, meaning it is ready to grow with you and your organisation as goals and challenges change. Discover the future of fleet management now and help give your business an edge on the competition. Request a demo and find out more at telematics.tomtom.com/webfleet/landingpages/launching-the-new-webfleet.
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