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There are rules to it (which I’m sure is the reason I’m getting downvoted) but I pay a paltry 500bucks a month into it and get extra contributions and the tax break, so I do it. I have my preservation fund (from when I resigned) with NinetyOne because it performs really well, and my private...

@percival1994 An RA is never a bad idea for anyone. Sanlam has one called Echobonus where they match your contributions. You have to stick to the fund rules, one of them being that you can only withdraw at 55. You can however access the funds if you have maintained tax immigration status for...

@cerulean123 Can only touch when you retire. And not all of it. This is good advice but the cash flow implications can’t be forgotten

@patt Debt must be gone for you to focus on any kind of passive income, unless it is a mortgaged home loan that you’ve gotten for an excellent price and rental income covers those payments. As someone else said further up, pay off what has the highest interest rate first. Stay with your parents...

@32983 I think there’s a middle ground you can reach here. A car that’s half that price and maybe more reliable can satisfy that need, and you can still buy your home. Don’t put a full deposit down into a car, you can keep some money aside and pay some lump sums into it, but it’s not worth it...