8 investment options to get your money working for you

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Many people grow up having conflicting values around money and wealth and misunderstanding long term investment options south africa they work together. Often a person may say they want to be wealthy, but what they really want is financial freedom. Money is what makes the world go round. Just like you have a job, your money has a job too, and it should work just as hard for you, as you have worked to earn it.

All is possible through either investing or long term investment options south africa part of your hard-earned cash every month. There is a clear difference between investing and saving. Saving is storing your money, while investing is growing your money. One of the significant differences between the wealthy and not-so-wealthy is that wealthy individuals earn interest while everyone else pays interest.

It is never too late to start investing in your financial well-being. Here are some pointers long term investment options south africa getting your money to start working for you: This includes all debt, even if it is good debt. Your extra cash is better spent towards growing your net worth before anything else. It may seem like a problem that is too big to tackle.

The trick is to start by just clearing up your smaller debts and then work towards tackling the larger debt with the extra money that you have available. Take a moment and just do a quick calculation on what you pay long term investment options south africa just on interest - imagine having those additional funds each month.

As you pay off more debt, and then apply that money to long term investment options south africa next debt, you begin to build momentum and you will be surprised how quickly you'll be debt-free. Your budget is the best tool you have to give you control over your finances, this will allow you to make financial decisions at the beginning of the each month by telling your money where to go instead of later wondering where it went.

Always pay yourself first - make sure putting a little away long term investment options south africa the future is your number one objective. Once you have mastered budgeting, you will be able to reach your financial goals more quickly and avoid debt.

Now that you have a flowing stream of savings coming your way, you are ready to put it to work. The next step would be to choose a vehicle for growth that suits your lifestyle and your long- and short-term goals. Consulting a financial planner can help you find the right long term investment options south africa. It is important to remember to diversify your portfolio - you should never want to have all of your money invested in a single spot, venture or business.

The key to retirement is to start investing as soon as you can. Your retirement savings are dependent as much on your ability to be patient and to leave your nest egg alone as it is on the contributions you make every month. Make sure you have a good financial planner to help you invest your money. A unit trust pools money from many investors, to invest in assets, namely shares, bonds or property. Instead of having to select individual investments yourself in hard to reach markets, a unit trust offers you exposure to a long term investment options south africa of assets, which are selected and managed by investment professionals.

A unit trust is a smart way to save and beat inflation. As the cost of living increases, you need your money to increase with inflation, investing in a unit trust allows long term investment options south africa money to do just that. Speak to a stockbroker about your investment goals.

The JSE has a variety of products which can help you reach your desired goals. One of these is a long term investment options south africa savings account TFSA. ETFs are ideal for first-time investors exploring the stock market. This is a book-based savings account made up of a group of individuals with similar goals, which allow them to save for a common purpose. Members contribute fixed sums of money to a central fund on a weekly, fortnightly or monthly basis with a better return on savings and interest rates.

The group then decides on how that money is shared, whether it is a monthly pay-out, or invested and then shared at the end of the year. Originally these were informal savings agreements, but it has evolved and banks are now offering savings products specifically designed for Stokvels.

Individuals who are part of a stokvel can perform its activities outside of interference from the government. A share is one of the equal parts into which a company's capital is divided, entitling the holder to a proportion of the profits, if any are declared, in the form of dividends.

You don't need thousands of rands to start investing in shares. Buying shares is exactly what it says, you buy a share of the company.

If the company goes broke, you are the last in line to be paid, so you may not long term investment options south africa your money back.

The value of your shares will long term investment options south africa up and down from month to month and the long term investment options south africa may vary. Another option to diversify your portfolio is to invest in something even more solid, such as Kruger Rands. These gold coins tend to perform well in highly uncertain circumstances, and can provide protection against extreme market turmoil.

Bitcoin is an online payment system. This system is peer-to-peer, and users can transact directly with each other all over the world almost instantly, without needing an intermediary such as a bank, Western UnionMoneygram, Paypal or any other company. Bitcoin cash was created to give people a way to send and receive real money anytime, anywhere, without the intervention of banks and governments. Bitcoin cash has value because the holders of the Bitcoin core collectively agree that it has value.

Such mutual agreement between thousands of buyers and sellers around the world enable Bitcoin cash to be used as medium of exchange in online transactions. Subject to fluctuations in value that can be more sudden than government-backed currency. Investing in property is often seen as the safer and less volatile choice as it requires a long-term approach. There are various options to consider, namely buying a single home to live in as your investment, or investing beyond your home, in land to sell, long term investment options south africa property or homes to rent out.

Real estate is a favourable investment option because it does not only give you long-term growth, but it can be paid up completely and become your sole property whilst still generating an ongoing income if you choose to rent it out. If your property increases in value, you will benefit from a capital gain when you sell. There may be times when you have to cover the costs yourself if you do not have a tenant or for repairs.

A rise in interest rates will mean higher repayments and lower disposable income. Hutchison says it is crucial to realise that money is a tool that can help you achieve your ultimate goals in order for you to reach true financial independence.

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Let us help protect you and your family from the financial impact of life's unexpected events such as death, disability and critical illness. At Liberty, we offer investment solutions that can help you, as an individual, reach your investment goals. Your family means a lot to you. What steps should you take to ensure that their current and future needs are met?

Liberty Corporate has a range of investment portfolios suitable as retirement funds and for businesses. You can either choose an investment plan with a guarantee that provides you certainty and no risk, or select to invest through investment portfolios based on your risk profile. The Guaranteed Investment Plan provides a guaranteed fixed return on your investment. This product is the ideal investment if you:. Invest from R50 or R75 where an income option is selected in addition to your guaranteed investment.

Alternatively, you can invest once off in an investment to create long-term wealth in a tax-efficient way:. The Guaranteed Investment Plan provides you with the flexibility to pay in additional investments later, so that the efficiency of your investment can be maximised.

Invest from R12 or R17 where an income option is selected in addition to your investment. Alternatively, you can invest once off in an investment to create long-term wealth in a tax-efficient way. The amount payable at the end of five years will be calculated based on the underlying fixed asset yields that apply at the time of purchase of the investment. An investment with no additional tax payable at the end of five years, only if it is still held by the original owner.

Couple your investment with an income option that provides you with regular income during the initial five-year period, whilst creating long-term wealth at the same time. No tax is payable on any capital portion of the income payments you receive during the initial five years on the income option.

Select up to seven professionally managed investment portfolios with optional performance guarantees in accordance with an individually identified risk profile. This means the guaranteed benefit under the investment is calculated after taking all fees into account.

No further fees will reduce your benefits. For the Guaranteed Investment Plan, there are product and portfolio management fees, guarantee fees, where applicable, and advisory fees payable, based on agreements with your financial adviser. For the Guaranteed Investment Plan, there are product and portfolio management fees, guarantee fees, where applicable, and advisory fees payable, based on agreements with your Financial adviser.

To reach the many aspirations and goals that you have for yourself, Liberty's Endowment Investment Plan pays you a loyalty bonus. You benefit by recei The GateWay Investment Plan offers you access to over 70 of South Africa's top-rated unit trusts, with the flexibility to withdraw your money at any t We'd love to hear how our product or service has helped you.

Turn on more accessible mode. Turn off more accessible mode. Home Our Offering Individual Protect Let us help protect you and your family from the financial impact of life's unexpected events such as death, disability and critical illness. Protect Your family means a lot to you. Invest Invest regularly Invest lump sum Invest for retirement Invest to generate an income. Invest Invest lump sum Invest regularly Invest for retirement Invest to generate an income. Umbrella Solutions Liber8 Corporate selection umbrella fund.

Consulting Corporate consulting and actuaries. This product is the ideal investment if you: Are looking for a safe haven in which to invest your money Require a guaranteed amount at the end of five years that is not subject to market volatility or Invest from R50 or R75 where an income option is selected in addition to your guaranteed investment. Alternatively, you can invest once off in an investment to create long-term wealth in a tax-efficient way: Alternatively, you can invest once off in an investment to create long-term wealth in a tax-efficient way The Guaranteed Investment Plan provides you with the flexibility to pay in additional investments later, so that the efficiency of your investment can be maximised Invest from R12 or R17 where an income option is selected in addition to your investment.

The Guaranteed Investment Plan provides you with the flexibility to pay in additional investments later, so that the efficiency of your investment can be maximised Invest from R12 or R17 where an income option is selected in addition to your investment. The guaranteed benefit The amount payable at the end of five years will be calculated based on the underlying fixed asset yields that apply at the time of purchase of the investment.

A tax-efficient investment An investment with no additional tax payable at the end of five years, only if it is still held by the original owner. Optional income option Couple your investment with an income option that provides you with regular income during the initial five-year period, whilst creating long-term wealth at the same time. Investment portfolios Select up to seven professionally managed investment portfolios with optional performance guarantees in accordance with an individually identified risk profile.

Invest lump sum for: Also in this section. Entries in LibWeb Settings] Please specify your question: Investment Plan To reach the many aspirations and goals that you have for yourself, Liberty's Endowment Investment Plan pays you a loyalty bonus. This offering is available for: From R per month. Read testimonials Write a testimonial. Write your testimonial Testimonials. Here are some ideas of what you can include in your testimonial: What did Liberty do to resolve your problem?

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