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About a week ago we visited a client and their neighbour was a young and upcoming soccer star. What was most interesting is that this young star drives the latest model Range Rover whilst renting a townhouse unit – which he shares by the way with a friend. This means he is paying about R2500.00 per month on accomodation and at least R18000.00 on this vehicle.
I would like to hear your input in terms of how you view this scenario in relation to long term wealth creation.
Over the next few weeks we will be starting our blog series on how to make money out of property in SA followed by a series on how to retire on your property investments.
Don’t miss the series and remember to give us your thoughts, comments and feedback on our topics and what you would like to see us cover in the series.
The Makwande Team!