Money lessons from the past 5 years

Njabulo NsibandeCash Club, Latest

The most important lesson I’ve learned since is that money and everything related to money is much simpler than the financial services industry makes it out to be. Especially when it comes to growing it. In this post Njabulo Nsibande reflects on what he has learned over the last 5 years in his investment journey

Automating savings

Njabulo NsibandeCash Club, Latest

If you think about it, many of our monthly financial routines are automated. Paying yourself first is probably the most important step to building wealth.

The 2021 Savings Challenge reboot

Njabulo NsibandeCash Club, Latest

In 2019, I started a savings challenge to save money on an incremental basis, starting with a small amount and slowly increasing it. The premise of the challenge is to start easy. This year, I’ve decided to switch it up a bit: I’m starting with the hard part, working the challenge backwards.

Getting through January

Njabulo NsibandeCash Club, Latest

I’ve received some requests for tips on how to get through January, because it usually feels three months long. January 2021 will be much worse than any January we’ve had before. If your December salary is paid earlier than usual, move the money for January into another account.

WhatsApp gifting 2.0

Njabulo NsibandeCash Club, Latest

Committing to saving or investing can be hard. Being accountable to your peers drives discipline and commitment, this is the benefit of the “umshayelwano stokvel” where members rotate “paying” each member in a fixed cycle. But what if we sent each other investment vouchers?

Cash Club: 2020 – The upside

Njabulo NsibandeCash Club, Latest

It's very hard to identify the positive aspects brought on by the pandemic, but here goes. Working from home is now the new normal for most people. As a software developer, this is my reality. In late 2018 I moved into a flat in Joburg to be closer to the office. Travelling to work had ...

Cash Club: Investment Club update

Njabulo NsibandeCash Club, Latest

In 2017 I convinced a group of friends to start an investment club. It wasn’t without challenges in the beginning. We started as a group of seven, which quickly reduced to five and then three. We’ve been three people since. I had been invested in ETFs for a few months when I wanted to start ...

Cash Club: The risky business of ETF investing

Njabulo NsibandeCash Club, Latest

Is the equity market risky as an investment or are we risky as investors?  2020 delivered on every worst-case scenario we hypothesised about and presented it to us in a short space of time. This year we got to experience, amongst other things, a:  Market crash Market recovery (still uncertain) Full or partial loss of ...

Cash Club: Is TymeBank still right for me?

Njabulo NsibandeCash Club, Latest

Recently TymeBank dropped their famously high rates. The rates on the Goal account were: 6% for the first 30 days, 7% for day 31 to day 90 and 9% thereafter (with an extra 1% bonus if you give a 10 days’ notice) after having the account for more than 91 days. Due to the Reserve ...