Money Myths Debunked as a South African 🇿🇦 #southafrica #southafrican...

If you grew up in South Africa, these three money lives, they were drilled into you and they're keeping you broke. Let's break the cycle because these myths are killing your finances. Myth number one, debt is always bad. That's not true. There's bad debt like clothing accounts and then there's good debt like home loans or asset-backed finance for a business that you have certainty about.

Smart people, they use debt to grow their wealth. Myth number two, investing is for the rich. You can invest with as little as a hundred and a month. It's not about being rich. It's about building the habits to create the wealth. And myth number three, save in a 32-day notice account. That account barely beats inflation.

It's like having a leak in your bucket every single month. You need to invest and not just save once your emergency funds have hit their target. The truth, wealthy people were just taught better financial rules. And you can learn them too. So don't forget to share this video and save someone from these myths.