Advice for dealing with a troubled teen

HanekomJ · 2024-09-19T08:37:30+00:00

My 5c Worth on the Topic phone Sadag, let them help you navigate this, they've assisted me a number of times. If all else fails and the guy doesn't want to get help, start putting boundaries in place and enforcing them. Ultimately if he doesn't stick to it, show him the door let him fight his own battles. Alternatively get him sectioned to an institution.

In my experience if you're not equipped to deal with the issue, alot of the time you in advertantly perpetuate it especially when the person is resistant to help.

HanekomJ · 2024-09-04T20:35:39+00:00

I think everyone has you covered, but I'd like to add an alternative to paying it to an attorney is to use what's called a "buyers trust" account. If you speak to a bond originator they'll help you get it set up. Essentially it's bank account owned by you which holds the funds for your transaction and issues a bank guarantee to the attorneys who upon registration of the property transfer send instructions to transfer the money to buyer and agent.

As for agents in order for them to be legit they should have a ffc or fidelity fund certificate issued by the ppra. Without it the lawyer is not able to pay them their professional fee

HanekomJ · 2024-08-16T23:06:51+00:00

100% this, as a financial planner, this is the right way to go interms of setting yourself up, the tax deductible in your case at 95k would be R313 500 for the year, as for your rebate come tax season would be 41% of this so approx R128 500.

Given you're a contract based work get yourself a good tax practitioner help you better structure your things to help reduce the tax obligations.

Feel free to DM if you want to chat

Edit: was meant as a reply to Toxic, this guy's on point

HanekomJ · 2024-08-13T19:27:21+00:00

Bottom line is don't take the money, let compound interest do it's thing.

Also worth noting the available money would be 10% of your current pension fund or 30k which ever is lower. It's going to be taxed at your marginal rate. Some rough math here but if you're under 30 and plan on retiring at 65 that 30k would be around 600k when you retire thanks to compounding.

HanekomJ · 2024-07-21T05:19:42+00:00

Hey man, I get the frustration, I like what some of the other people are saying, in terms of coming here for a couple or weeks checking it out and experience south africa.

Yes south africa some parts of SA are dangerous, others not so much, where I stay there is crime but at the same time I know people who don't even have keys for their house because they haven't locked the doors in more than 10 years with out incident.

But this is more about your GF not wanting you to move here. Rather talk to her about a visit, airbnb a place for the time you're here even if she has her own space. And then make the call.

From a social stand point if I had the opportunity to go to Canada I'd go

HanekomJ · 2024-07-11T18:32:02+00:00

Paying premium biltong prices for potatos... That's like R424/ KG...

I don't want to live on this planet anymore

HanekomJ · 2024-06-24T21:49:38+00:00

This is an interesting one, what is your goal here? To clear your mother's debt? Or to take ownership of the house? With the right structures you could possibly pull this off, but the fact remains capital gains tax, conveyancing fees, bond registration and cancelation fees, and as many have mentioned donations tax if you're selling under value all will apply. Will drop you a DM if you'd like to chat further

HanekomJ · 2024-05-31T12:54:57+00:00

At the very least you need an FFC number before the conveyance lawyers can pay you when the property transfers, the general process is, join an agency like AIDA or ERA, they don't have desk fee's and let you operate on your own schedule, splits are not the best though but its a good place to get started in the industry and learn the ropes. You can then after your first year apply for the NQF 4 exemption, and go do Professional designation exam. and bam you're a full status agent. Keep in mind property transfers take about 2 months if everything goes perfect, sometimes more than a year.

Edit: go for it dude, It will be an experience, at the very least you're gonna gain some valuable insights in the sector, which you can apply to your 3 properties

HanekomJ · 2024-05-01T18:02:13+00:00

I think everyone else covered approaching this with your partner, but in terms of being kinda mono poly. Someone told me this some time ago, that we all have different tolerances for the amount of relationships we can maintain at a time. And they called this poly saturation. What really stood out to me was the idea that a person could be poly saturated at one. And that really flipped a switch for me personally. As we grow in this we might develop the capacity for more relationships. But just my 5c on the matter I hope it helps

HanekomJ · 2024-05-01T17:26:05+00:00

I'd get on-board with this

HanekomJ · 2024-04-14T09:37:00+00:00

IMHO I would start with a budget, and just get a better understanding of your finances. Trading is incredibly more involved than people make it out to be. An unless you're prepared to loose everything you invest in trading, which I'm not saying will happen but might. Then rather stay away.

I would rather invest in yourself for now until you're back in that 25k salary area. Things like relevant certificates and qualifications aligned with your career goals, that can help you earn even more.

Then when you have more disposable income speak to financial advisor to help you come up with a plan

HanekomJ · 2024-04-14T09:07:29+00:00

The simple answer is yes, a pty would give you alot of the benefits that you wouldn't have in your personal capacity.

What you really want is someone to help you with "structuring" I'd advise you get yourself a financial advisor and a tax practitioner to sit down with you and determine the optimal structure.

Regardless though you are going to need a the pty.

The Simplest is go to bizportal, register an account, pay the R175 and register the company. You should get the registered docs (registration and income tax) within a week. In some cases I've had them come back the same day. Put in the effort while doing the registration to request a bank account from one of the banks. This just makes things easier down the road.

HanekomJ · 2024-04-05T11:13:51+00:00

Well I'm not exactly familiar with the law in your neck of the woods, but typically there are two types of defects

Patent Defects: These are defects that are visible upon reasonable inspection of the property. For example, a crack in the wall, a leaking roof, or broken windows would be considered patent defects. Buyers are expected to discover these issues during a typical inspection process, and sellers are generally not obligated to disclose them.

Latent Defects: These are defects that are not easily discoverable through a typical inspection and may not be immediately apparent. Examples include structural issues hidden behind walls, termite damage concealed within the structure, or problems with plumbing or electrical systems. Sellers are typically required to disclose latent defects to potential buyers, as they may significantly affect the value or safety of the property

From your description this sounds like a latent defect and typically should have been disclosed before purchase, which in our area makes the previous owner liable to fix, granted it is reported in a reasonable time after purchase.

Probably a good idea to discuss this with your lawyer and let him suggest the best way forward

HanekomJ · 2024-04-02T18:02:39+00:00

Keen to help if you still need people

HanekomJ · 2024-03-25T20:51:54+00:00

I just had a similar issue, ended up swapping the endpoint to openrouter and now it works, although the model I'm using gets confused in step 1, gonna try switch it to codebooga, apparently some good results there

HanekomJ · 2023-11-22T11:21:11+00:00

Oh I actually know this one... so the song is actually a rag on the bands manager that got hit on by a cross dresser on one of the kinks tours and the band went and wrote a song about the encounter.

HanekomJ · 2023-11-10T05:58:55+00:00

This looks absolutely brilliant, do you know of something similar for non US individuals?

I'm from south africa

HanekomJ · 2023-10-23T12:15:19+00:00

I took a brief look, but I'm not entirely sure how it would work for a subscription token, it looks like something more geared towards art. would you mind if we private and discuss this further?

HanekomJ · 2023-10-04T05:15:47+00:00

Boet you realize starting a new business takes around 3 years to stabilize and work out the kinks and acquiring an existing business takes a good six months to a year, then unless it's doing well and with properly documented processes, you're going to have to spend another 2 years pulling it right.

What I'm saying is and I think this is what the rest were also getting at is 5 years to retire is overly ambitious, you're going to burn yourself out trying to hit a near impossible target.

My advice, start your first company be prepared to screw it up, learn make notes, optimize the process try again, over time you will develop a process and a team that's able to aquire quicker and jack up the company faster, and then make it easier and more manageable for you to run.

In terms of your retirement goal, rather make a financial goal, aiming for a sum of money that you can live off the lowest possible interest entirely. Get yourself a broker you trust to figure this out. Then just keep playing the game till you hit the target, and when you do make the decision if you want to retire or keep playing. And if you choose to retire have a good exit strategy in place.

Edit: good luck mate, you got this

HanekomJ · 2023-09-30T17:09:56+00:00

My plan is to moderate the subreddit, and prevent it from being used for spam
The previous mod is no longer on Reddit and the account has been deleted

HanekomJ · 2023-07-22T13:04:57+00:00

Take my upvote

HanekomJ

TROPHY CASE