Can’t see your way to getting rich? Here’s a spot of advice

Business

Can’t see your way to getting rich? Here’s a spot of advice

It’s a long walk to financial freedom, but worth taking

Andrew Canter

Occasionally we need reminding of a few basic pointers to get through life financially. Tweak the following advice to suit your age, personal circumstances, risk appetite and financial literacy:

Be liquid and have two to three months of salary as cash on hand for emergencies, with most of this housed in an accessible interest-bearing money market account.

Always separate your saved “investment capital” from your “life expenditure” – the former is for return-producing assets, the latter for ordinary and emergency expenses...

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