Read on Twitter
Graduates, take notes...
Do you know that your salary is an illusion?
Let me teach you some basic math: R350,000 a year. After taxes you only get about R287, 225. Minus 12% for pension, take home is R257 565.
Do you know that your salary is an illusion?
Let me teach you some basic math: R350,000 a year. After taxes you only get about R287, 225. Minus 12% for pension, take home is R257 565.
If you are not staying at home, rent can be about R4500/month. #stayhome 
If you don't have medical aid already, R1700 minimum less maybe for hospital cover only...
Your new cash flow is R257, 565−(R54, 000+R1, 700×12) = R183, 165.
If you don't have medical aid already, R1700 minimum less maybe for hospital cover only...
Your new cash flow is R257, 565−(R54, 000+R1, 700×12) = R183, 165.
Need a car? used car (preowned) with an average car payment of R3, 500 and your insurance about R1, 500 (if you have never been covered by car insurance this value can be quite high, first time driver. So many other reasons.).
Don't buy a car yet... Please...
Don't buy a car yet... Please...
You didn't listen, your new cash flow is R233, 225 - 60 000 = R123, 165 a year.
Let's talk about food with a minimum of R2000 a month. Your new cash flow is = R99, 165. I did not even include clothes, takeouts, fuel, utilities, cell phone, bank fees etc.
Let's talk about food with a minimum of R2000 a month. Your new cash flow is = R99, 165. I did not even include clothes, takeouts, fuel, utilities, cell phone, bank fees etc.
And these expense amounts that I did mention are very conservative. Some of your predecessors bought a R6000 car with R3000 on insurance! Dont ask me how.
So the next time you want to apply for a credit card or add new expenses to your monthly budget, think about this thread.
So the next time you want to apply for a credit card or add new expenses to your monthly budget, think about this thread.
I'm not done.
You only have R8 263,75 / month... That is your pay... That is the salary you tell your friends and family... NOT R30, 000... #Blacktax
Don't play yourself
You only have R8 263,75 / month... That is your pay... That is the salary you tell your friends and family... NOT R30, 000... #Blacktax
Don't play yourself
Don't believe the hype!! Your cash flow is NOT R350, 000 a year, your cash flow is actually under R99, 165 a year. R8 263,75 per month, not 30, 000... You will wonder how in the world your paycheck is gone in less than 48 hrs every time you get paid.
Child.... No one cares
Child.... No one cares
You HAVE to start your own business if you really want to prosper. It will be very hard to make it with a job, you are lucky to have a job but you might even need 2. If you don't know...now you know.
Credit Hassan Shariff on Facebook....
Credit Hassan Shariff on Facebook....
@akreana_ #unemployed #unemployment #graduated #JobSeekersSA #dontbuythesun
@akreana_ please Retweet my thread. Help new graduates. Please. Thank you.
@akreana_ please Retweet my thread. Help new graduates. Please. Thank you.
