Building wealth: A beginners guide to financial security

Many of those who are new to saving and investing share the same unfavourable, but wholly inaccurate view: the process is complicated, time-consuming and only for those who are wealthy.

This is untrue. Saving and investing are rather straight-forward practices, requiring strong self-discipline, basic knowledge of the appropriate banking solutions and the will to spare whatever money you can every month.

By handling your finances responsibly and sensibly, you can create substantial wealth over a 20 year period by saving P1,000 per month. Or, for those of you just starting out, you could afford to buy your own home at 28. This is achievable by anyone earning a salary, but there are a few rules to follow:

Editor's Comment
Get back what was stolen, and lock the door

That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...

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