Many people "invest" more heavily in lifestyle assets - large houses, flashy cars and holiday homes - than in growth assets, such as shares. Those who invest in the latter do so in the hopes of living off the growth of their investments one day. Having made this distinction early in life, 37-year-old Nicole has a balance sheet in excess of R5-million. "She's the kind of investor a financial planner appreciates," says Craig Turton, the MD of Chartered Financial Planning. Nicole, who is single and holds a management position in a media business, has been Turton's client for 15 years. He says that from the time she started working, earning R9000 a month, Nicole set her "lifestyle ceiling" - the level of comfort she required - and, once she had reached this level, she began putting her money in investments rather than lifestyle assets. Turton attributes his client's success to: • Having the same employer for 14 years. Nicole has maintained her pension contributions and, should she resig...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.