How to have many sources of income – not just your salary
Every Tom, Dick and Siyabonga say you should create multiples streams of income.
How do you do it?
Is it worth the effort?
We buy stuff we don’t need to impress people we don’t know – by Mduduzi Luthuli (Luthuli Capital)
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.
Source : https://www.123rf.com/photo_106757257_conceptual-hand-writing-showing-side-hustle-business-photo-text-way-make-some-extra-cash-that-allows.html?term=side%2Bhustle&vti=ma2is1bg3taf7apz5s-1-27
Interest rates are close to the lowest they have ever been. RSA Retail Savings Bonds, however, still offer pretty decent returns.Read More
Are you one of Pick n Pay’s 8.5m Smart Shopper card users? Spend your points or lose them, says the retailer's John Bradshaw.Read More
The Money Show’s Bruce Whitfield asks Paul Theron (MD at Vestact Asset Management) for an analysis of Berkshire Hathaway's AGM.Read More
Perfection is your enemy, and habits are your friends, says serial entrepreneur and side hustle coach Nic Haralambous.Read More
"Impact investment – a growing trend around the world - is values-based," says Ryan McFadyen.Read More
Does it make financial sense to buy an electric car? The Money Show’s Bruce Whitfield interviews car expert Warren Tucker.Read More
The Money Show’s Bruce Whitfield interviews personal finance expert Warren Ingram (Galileo Capital).Read More
Considering a car loan? You may want to think again. Africa Melane interviews financial planner Gerald Mwandiambira.Read More
Cell C has an LTE plan which is primarily intended for home use but works perfectly in a phone, says Jan Vermeulen of MyBroadband.Read More
"You are definitely covered for fire," says Christelle Colman (Old Mutual Insure). "When the evacuation calls come; just go!"Read More