South Africa is a land of haves, and have-nots.
More often than not, the difference between the two comes down to education.
The Money Show’s Bruce Whitfield interviewed Warren Ingram, Financial Advisor at Galileo Capital, for his weekly personal finance feature.
Ingram gave tips on how to invest for your kids’ education, especially if they’re still quite young.
If you have about 12 years, says Ingram, the best (and safest, considering the wealth-destroying nature of inflation) place to put their education savings is in the stock market.
Got R1400 per month?
That should do it, if you invest well.
Ingram discussed a number of options; with a special mention of Tax Free Savings Accounts.
For more detail; listen to the YouTube clip below.
Enjoy The Money Show, but miss it sometimes?
Get the best bits emailed to you daily, right after it ends:
This article first appeared on 702 : Where to best save and invest so your children can one day go to university