Page 29 - Waterfall City NovDec Issue 2025

FINANCIAL

EMPOWERMENT

Why disciplined saving is the cornerstone of financial independence

A driaan Pask, Chief Investment 10 years earlier can double your

Officer at PSG Wealth,
retirement savings, thanks to the
power of compound interest.
lays out practical steps
for South Africans to take
control of their financial future Compounding allows the money
you save to start generating returns
Paint Specialists Unlike financial freedom – which of its own. The sooner you start,
the more time your savings have
means never having to stress about
2K Automotive WE NOW SELL money again – financial independence to grow, which means easing the
is more about having your own safety
financial pressure later in life.
We mix
nd ma paint now and match net or personal buffer to fall back on Delaying saving until you’re older
Bricks
available!
during those tough times. It’s a more

often means you’ll need to put
away much more to reach the same
realistic and attainable goal. Yet the
Sand

tch quality reality is that 45% of South Africans goals, and by then, you may not
Stone
have the resources or energy to do

would struggle to cover a R5,000
paints of all emergency bill without borrowing so.
Cement

from somewhere or someone,
COLOURS according to the South African Reserve Adriaan Pask, Chief Investment Officer, PSG Wealth This is the hard reality that many
Bank.
South Africans face. The question
reduce spending now when you’re
And it’s not just about handling the Start with the basics, as to ask is whether it’s easier to
* immediate financial stresses, but early as possible young or when you’re old and more
There is a massive difference
also the future stresses. Whether
vulnerable? Unfortunately, one
it’s unexpected medical bills or between starting to save at 25 versus can’t have it both ways. You can’t
retirement, your ability to gain financial 35. Even if nothing else changes – spend money indiscriminately in
Unit 10, Kyalami View Business Park, 96 Forssman Close, Barbeque Downs independence depends on the reserves how aggressively you save or how your younger years and still expect
you start building today. your investments perform – starting to live well when you’re older.
(011) 466-0065/80 • sales@colourcreations.co.za • Whatsapp us: 079 889 5670
(011) 466-0080/65 • www.colourcreations.co.za • colourcreations@telkomsa.net
Waterfall City Nov/Dec 2025 27

DPL issue 9 2022 13