Finances are a crucial part of most business owners’ interactions with investors, suppliers and other service providers such as banks, just as important is how entrepreneurs manage their personal finances.
Several South Africans have taken their passion for having a healthy relationship with money to social media, built a following and their websites and are openly speaking about their personal finance to help South Africans to save- and invest money, pay off debt and buy property.
Some of these influencers are even earning an income through educating their followers.
Although these influencers do tell their followers that accredited financial advisors should be consulted before a decision on money is being made, they do share their opinions, experience and research on a particular matter.
Here’s a list of financial bloggers you should follow online:
Financial Fitness Bunnies by Nicolette Mashile (Wealth building)
She is the founder of Financial Fitness Bunnies, a financial education initiative, and Bunch of Winnaz, a media buying and brand activations agency. Mashile is also a presenter of Daily Thetha, a youth talk show on SABC1 and hosts a business show on UJFM. On her Facebook page and YouTube channel, she uploads informative videos with topics like the different money personalities and additional income streams.
You can start with: How to buy shares
So #GrowForIt for me means identifying savings goal. Something that has a ripple on all aspects of your life. How will saving into a life insurance benefit you? Your family and your community at large?
— Nicolette Mashile (@ImcocoMash) October 31, 2018
Woman and Finance by Mapalo Makhu (Women and money)
This platform aims to educate and inspire women to take charge of their finances. “We empower our clients with financial tools, tips and techniques through our 1-on-1 personal finance coaching, employee financial wellness programs, workshops and webinars,” says the website.
Make it a habit to check in on your finances!#educateyourself #personalfinances #yourmoney #knowit #earnit #saveit #invest #enjoyit #liveyourbestlife #securethebag? #invest #repeat pic.twitter.com/RJSaN3o9v2
— Woman&Finance (@WomanAndFinance) October 29, 2018
Wealthy Money by Vangile Makwakwa (Money mindset)
Wealthy Money helps female entrepreneurs heal from their ancestral money stories, and feel calm about managing and handling money, so they can fall in love with their bank account, become financially free and travel, according to the website. There is a “Charge your worth section” for example, where things like “How to deal with people that won’t pay you for services rendered” is addressed on the blog.
— Wealthy Money (@VangileMakwakwa) November 29, 2017
Maya on Money by Maya Fisher-French (Saving and budgeting)
The website is a collection of articles written by finance journalist Maya Fisher-French as well as other contributors. The aim of Maya on Money is to help you with those day-to-day money decisions related to South African finance matters. You’ll find articles like “What the Debt Relief Bill means to consumers“. Apart from managing the website, Maya is editor of My Money My Lifestyle, the personal finance section of national Sunday newspaper City Press. She edited the South African version of Dave Ramsey’s best seller The Total Money Makeover.
Start with: Insurance for the self-employed
I wish that tax-free savings had been a thing when I was in my 20’s so my discretionary savings hadn’t attracted capital gains tax. CGT makes my blood boil…you get taxed even on returns that just keep up with inflation https://t.co/rRxDm8Ryjc
— maya fisher-french (@mayaonmoney) October 25, 2018
This personal finance blog gives you a series of articles, blog posts, and videos that will take you from financially clueless to financially clued-up, without boring you to death, according to its website. WellSpent has a Resources page where you can get guidance on matters like taxes, insurances and financial advisors.
Start with: Getting to know tax free savings accounts
Three little tips!
1. Keeping it simple is smart
2. Keep more returns for yourself
3. Time in the market not timing the market https://t.co/GGiv53v6op #investing #personalfinance pic.twitter.com/IdmxlvloyA
— WellSpent (@WellSpentZA) October 11, 2018
Stealthy Wealth (Retirement investments)
This platform is created to document a journey to retirement. The author said that this personal finance blog is where you will find his thoughts on investing, cutting costs, financial discipline and any other randomness as he aims for early retirement and financial independence in 2030 at the age of 45. You can, for example, read about diversifying your money on this website.
Start with: How one email saved me R83,000
A retirement plan no financial adviser will tell you about:
1. Age 21-36: Contribute R2750/month to a TFSA
2. Marry someone doing the same
3. Age 36-60: No more investing, blow all your cash on cars, houses & travelling
4. Age 60: Retire with more than enough (> R10 Million) pic.twitter.com/eL1olLbbIT
— Stealthy Wealth (@stealthy_wealth) April 3, 2018