How Do I Overcome The Barriers To Investing?
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Mthobisi Mthimkhulu - Private Clients manager at Allan Gray talks about How do I overcome the barriers to investing?
Not sure how to save money? Follow these five easy steps.
Investing is not a complicated activity only for rich people. It’s a great way to create financial security and everyone – even you – should get started, sooner rather than later. The hardest part is overcoming the initial barriers to saving.
Our excuses are our biggest barriers to saving
While it may be really tough to make space in an already-stretched budget, taking small steps to develop a saving habit, and a lifestyle of saving, will make a big difference to your future.
One way to get started is with a spending detox. A detox is a process followed over a period of time to rid your body of toxins. Likewise a spending detox will help you rid yourself of extravagant spending habits. We eat a lot of unhealthy food that we don’t need. Similarly, we spend money wastefully. In our instant gratification culture we get a rush out of spending.
The spending detox is about getting control back by reining in this unnecessary spending and breaking the habit of swiping your card willy-nilly. The good news is we are not talking cold turkey here; rather a gradual change in attitude to the way you spend.
Not sure how to save money? Follow these five easy steps.
Investing is not a complicated activity only for rich people. It’s a great way to create financial security and everyone – even you – should get started, sooner rather than later. The hardest part is overcoming the initial barriers to saving.
Our excuses are our biggest barriers to saving
While it may be really tough to make space in an already-stretched budget, taking small steps to develop a saving habit, and a lifestyle of saving, will make a big difference to your future.
One way to get started is with a spending detox. A detox is a process followed over a period of time to rid your body of toxins. Likewise a spending detox will help you rid yourself of extravagant spending habits. We eat a lot of unhealthy food that we don’t need. Similarly, we spend money wastefully. In our instant gratification culture we get a rush out of spending.
The spending detox is about getting control back by reining in this unnecessary spending and breaking the habit of swiping your card willy-nilly. The good news is we are not talking cold turkey here; rather a gradual change in attitude to the way you spend.
