Zamokuhle works for the SA National Defence Force, and lives with his partner and their two children in Pretoria. He has one child from a previous relationship who lives with the mother. Although the couple are legally married, they are planning a big traditional wedding.
“The pending wedding puts pressure on me. I keep postponing it. It will cost a lot of money – at least R50 000 on transport alone.”
He is not in debt and has surplus income that he wants to start investing.
“I want to learn more about how to invest for medium- and long-term needs. I want to understand unit trusts and how to invest on the stock exchange.”
The big dream:
Apart from giving his wife the wedding of her dreams, Zamokuhle wants to save money so that he can pay for his children’s education and wants to pay off his bond in 10 years.
Worst financial mistake:
Zamokuhle bought a flat in a deteriorating building. Some of the other owners are not paying their levies and there is not enough money to maintain the building.
“I’m paying the bond from the rental, but I am not making a profit from the flat,” he says.
Charlotte Pretorius has worked as an adviser for nine years, the past seven with Absa.
“I love helping and teaching others to reach their goals. I’m looking forward to working with Zamokuhle as he is willing to go the extra mile. He has memorised his budget, which shows his commitment. His goal is to enrich himself to be able to spoil his wife with a traditional wedding, and give his kids the opportunity to study.”