The Money Show
The Money Show
Nov 25, 2020
Consumer inflation accelerates in October. Shapeshifter: Chicken Licken's MD, Chantal Sombonos-van Tonder
Play • 1 hr 20 min

Bruce Whitfield speaks to Paul Makube, Senior Agricultural Economist at FNB about consumer inflation accelerating in October to its highest rate since March. South African 'tequila', made from agave in the Karoo becomes a worldwide hit. Shapeshifter is Chantal Sombonos-Van Tonder, Chicken Licken's Managing Director 

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The Fat Wallet Show from Just One Lap
The Fat Wallet Show from Just One Lap
Tax creep (#235)
There’s more than one way to raise taxes. You can subject yourself to the ire of the masses by being up-front about it, or you can eke out little tax wins on the sly. Our government likes to do a bit of both. This week, with the help of Wesley, we explain how tax creep works and what you can do about it. We also talk about lump-sum withdrawals. You are taxed on previous withdrawals taken after the following dates: * Withdrawals: 1 March 2009 * Retirement benefits: 1 October 2007 * Severance benefits: 1 March 2011 If you took lump sum withdrawals before these dates, consider that an entry for your gratitude journal. Wesley It’s been 6 years since the lump sum benefit was last adjusted and we have lost 26.5% of the value of the incentive during this time. Where is my inflation adjustment? Obviously someone is desperate for cash right now, and SARS doesn't think it is pensioners. When the lump sum is adjusted from 300k to 500k, but you already took 300k in the past, what happens when you take a 200k lump sum from your other RA account? More complicated. Was 300k, take 400k, pay 18% tax on 100k = 18k tax. Now the limit is 500k. take another 300k lump sum from your other RA account. What on earth happens? Do you not get any benefit from the increase? Does 100k at 18% wipe out half of your new 200k tax free lump sum? Or do you treat it as a 700k lump sum on the new provisions less 18k tax previously paid on lump sums. It seems like a good idea to have at least 2 RA accounts. * Subscribe to our RSS feed here. * Subscribe or rate us in iTunes. Win of the week: Candice Just thought I'd say a HUGE thank you. After being introduced to the show just 3 years ago, I feel like we are in a committed relationship. It's the only podcast I listen to and look forward to my Monday morning drive to work with you guys. I finally budgeted. I’m horrified to see where our money goes monthly. I can't complain though, because without knowing I wouldn't be able to change spending habits. Martinus I've always championed Total Return ETFs. Outside a TFSA you’d have to pay Capital Gains Tax. TRTs also save on brokerage costs and admin. However, the feedback from De Wet has me reconsidering that approach. If the fund is a feeder fund like the Satrix MSCI World, is there any local tax event? To me, it makes sense that if they just reinvest the distributions they receive outside SA the only tax event would be in the foreign country. Your only local tax concern then is CGT. It is possible to switch from Satrix to 1invest MSCI world at an increase in fees of 0.05% and then have dividends paid out. This leaves an increase in brokerage costs and personal admin. Martin I’ve been putting money into the Satrix World. As I understand it, I lose the benefit of the saving on dividend tax in a Global ETF, but I’m at least hedged in a way with the rand weakening over time, and it should show better growth over time than local (who knows though). So I just listened to your podcast (Asset Allocation Problem – 14/12/20) regarding total return funds (like MSCI World). Am I correct in my understanding that the dividend tax is in the region of 28%, not 15%? Furthermore, are we saying that tax free investments should pay out the dividend, and not reinvest? That feels wrong though, that money then can’t keep growing? Then, to make matters worse, when you Google “tax on tax free global etf”, you get many links proclaiming that you do not pay ANY tax on either local or foreign tax free investments, e.g. Please put me out of my misery on this one! Lizl I have the *honour and privilege* of working for a financial institution that recently decided all employees must close all accounts with other brokers and open a stockbroking account with them. Exceptions may be approved, but I don't want to open that can of worms just yet. I have EasyEquities accounts - both an Easy Equities ZAR account with individual shares and a TFSA account with a few ETFs. Does Easy Equitites count as a stockbroker in this case? Should I just sell the individual stocks and hope they'll let me keep the TFSA? Does the TFSA fall under this prohibition as well? And why is it that they can legally do this? I have zero energy for the admin of moving and the inevitably higher fees, preferential staff rate or not. Greg Normally I put my TFSA allocation of R3000 per month into my bond. At the end of the financial year I draw R36000 and buy the Ashburton Global 1200 ETF in my TFSA. Should I still be doing so for the coming year? Is this still the one ETF to rule them all?
1 hr 2 min
Sell or Die with Jeffrey Gitomer and Jennifer Gluckow
Sell or Die with Jeffrey Gitomer and Jennifer Gluckow
Sell or Die
Setting Yourself Up For Success In 2021 With Social Media
In episode 533 of the Sell or Die Podcast, we’ll be talking about a new social media app we’ve discovered and how you can set yourself up for success in your business. While we will be focusing on the app Clubhouse in this episode, all social media platforms can be amazing tools when you use them to your advantage. Social media is all about making authentic connections. If you’re ready to accelerate your business in 2021, you’ll want to stay tuned for this episode! Some key points we discuss include: * Adapt to new social media opportunities * Use social media to make connections Social media is a tool for both learning new information and making authentic connections. It’s a platform where you can discuss the things you’re really passionate about and connect to others who feel the same way. People will want to connect with you when you share valuable information. To hear more ideas on how to use social media for authentic connections, don’t forget to tune in to episode 533 of the Sell or Die Podcast. See you next week for another episode of Sell or Die! If you enjoyed this episode, take a screenshot of the episode to post in your stories and tag us, @jengitomer & @jeffreygitomer! And don’t forget to subscribe, rate, and review the podcast and share your key takeaways with us! CONNECT WITH JEN & JEFFREY: Official Website Jeffrey’s Instagram Jennifer’s Instagram Sell or Die Hards Official Group
16 min
Tribe of Mentors
Tribe of Mentors
Tim Ferriss
Naval Ravikant, Susan Cain, and Yuval Noah Harari
Please note that this episode originally aired on The Tim Ferriss Show podcast.  This episode features some of my favorite advice and profiles from Tribe of Mentors. Thousands of you have asked for years for the audiobook versions of Tools of Titans and Tribe of Mentors, and they are now both finally available at Today’s episode will focus on my first chapter in Tribe of Mentors, as well as the profiles of Naval Ravikant, Susan Cain, and Yuval Noah Harari. Just a few notes on the format before we dive in: I recorded the introduction and selected three fantastic, top-ranked narrators to handle the rest.  The short bios, which you will hear at the beginning of each profile, are read by Kaleo Griffith. Ray Porter reads my words as well as those of the male guests. The words of the female guests are performed by Thérèse Plummer. Tribe of Mentors is the ultimate choose-your-own-adventure book—a compilation of tools, tactics, and habits from more than 100 of the world’s top performers. From iconic entrepreneurs to elite athletes, from artists to billionaire investors, their short profiles can help you answer life’s most challenging questions, achieve extraordinary results, and transform your life. I am really happy with how the book turned out, and the universe helped me pull off some miracles for Tribe of Mentors (e.g., Ben Stiller; Temple Grandin; Ayaan Hirsi Ali; Yuval Noah Harari, whom you will hear in this episode; Arianna Huffington; Marc Benioff; Terry Crews; Dan Gable; and many more). It includes many of the people I grew up viewing as idols or demi-gods. So thanks, universe!  And if you only get one thing out of this book, let it be this: In a world where nobody really knows anything, you have the incredible freedom to continually reinvent yourself and forge new paths, no matter how strange. Embrace your weird self. There is no one right answer… only better questions. I wish you luck as you forge your own path. Please enjoy this episode, and if you’d like to listen to the other 100-plus profiles from Tribe of Mentors, please check out
1 hr
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