Streaming issues? Report here
CapeTalk logo 2017 1500 x 1500 CapeTalk logo 2017 1500 x 1500
Best of CapeTalk
00:00 - 03:00
volume_up
volume_mute

Up Next: Weekend Early
See full line-up
Best of CapeTalk
00:00 - 03:00
Home
arrow_forward
Business
fiber_manual_record
Opinion
fiber_manual_record
Lifestyle

How to have many sources of income – not just your salary

22 October 2020 2:57 PM
Tags:
Forbes
Wages
Income
Personal finance
Aubrey Masango
income from investments
Buy to let
buy-to-let
salary
Mduduzi Luthuli
Luthuli Capital
side hustle
income streams
investment income
rental income
Robert Farrington

From side hustles to investment income; Mduduzi Luthuli (Luthuli Capital) on creating multiple streams of income.

Every Tom, Dick and Siyabonga say you should create multiples streams of income.

  • How do you do it?

  • Is it worth the effort?


Related articles:


Dollar millionaires have, on average, seven different income streams, according to Forbes magazine’s personal finance writer, Robert Farrington.

Common income streams may include your primary salary, a secondary salary, a partner’s salary, investment income, rental income, a “hobby business” or side hustle.

Aubrey Masango asked Mduduzi Luthuli (cofounder of Luthuli Capital) to elaborate.

Listen to the interview in the audio below.


22 October 2020 2:57 PM
Tags:
Forbes
Wages
Income
Personal finance
Aubrey Masango
income from investments
Buy to let
buy-to-let
salary
Mduduzi Luthuli
Luthuli Capital
side hustle
income streams
investment income
rental income
Robert Farrington

More from MyMoney Online

JSE Johannesburg Stock Exchange 123rf 123rfbusiness

Naspers-owned Prosus (owner of Tencent) starts JSE's largest share buyback ever

23 November 2020 7:35 PM

The Money Show’s Bruce Whitfield interviews Basil Sgourdos, CFO at Naspers.

Share this:
Read More arrow_forward

new-pep-logo2jpg

Pepkor Holdings profits fall 34% but gains 'significant' market share

23 November 2020 7:28 PM

The Money Show’s Bruce Whitfield interviews Leon Lourens, CEO at Pepkor Holdings.

Share this:
Read More arrow_forward

healthcare-worker-frontline-Covid-19-hospital-staff-PPE-face-shield-mask-123rf

Netcare profits hit by Covid-19. Embarks on a job preservation strategy

23 November 2020 7:05 PM

The Money Show’s Bruce Whitfield interviews Dr Richard Friedland, CEO at Netcare.

Share this:
Read More arrow_forward

Suzuki Celerio 123rf

[REVIEW] Best new 'cheap' small car in South Africa

18 November 2020 3:12 PM

A listener asks petrolhead Ciro de Siena which small car (e.g. VW Up, Suzuki Celerio, Toyota Aygo) gets his stamp of approval.

Share this:
Read More arrow_forward

Poor elderly woman counting money retirement 123rfpersonalfinance 123rf

Make your retirement savings last longer

13 November 2020 11:34 AM

Personal finance advisor Warren Ingram on ensuring you don’t run out of money before you run out of life.

Share this:
Read More arrow_forward

happy homeowner first-time property 123rf 123rfbusiness

Renting vs buying property – it’s an interesting calculation right now

12 November 2020 11:56 AM

Banks are hungry for 1st-time buyers right now and interest rates have never been this low, says property entrepreneur Grant Smee.

Share this:
Read More arrow_forward

tax-e-filing-tax-refund-claim-SARS-taxpayer-paper-work-123rf

We pay tax refunds within 72 hours - Sars

12 November 2020 10:38 AM

The deadline to submit is approaching fast. "Over 70% of taxpayers have already filed their returns," says Marcia Ujobolo of Sars.

Share this:
Read More arrow_forward

Datsun-go-car-dealership

New car sales in South Africa increases for the 4th month in a row

11 November 2020 2:33 PM

In the market for a new car? There are deals galore, says motoring journalist Ciro de Siena.

Share this:
Read More arrow_forward

black-family-house-for-sale-sold-property-household-investment-bond-rent-123rf

Renting vs buying property pros and cons, and how to move from renting to buying

11 November 2020 12:02 PM

A R1 million home loan costs about R7800 per month right now. What is your rent? What are the pros and cons of buying?

Share this:
Read More arrow_forward

Black Friday shoppers shopping consumerism 123rfbusiness 123rflifestyle 123rf

Black Friday: Tips on ACTUALLY saving money (versus 'saving' yourself broke)

11 November 2020 10:35 AM

Even banks and insurers are in on the consumerist orgy, says Certified Financial Planner (CFP) Gerald Mwandiambira.

Share this:
Read More arrow_forward