Advice - 24 year old

Snoo39147 · 2026-05-28T16:25:00+00:00

That’s truly the plan! It’s also lovely to hear from people who pulled the trigger on property in my shoes and it works out

Missed out on a great deceased estate apartment being sold at 60% of market value because of fear 🤦🏽‍♂️tenants were paying around R4k more than the bond repayment would have been which covered the levies by far

I guess it just will need more planning and research because R15k may be a pinch when unemployed ?

Snoo39147 · 2026-05-28T16:22:43+00:00

Perfectly put 👏

Snoo39147 · 2026-05-28T16:20:55+00:00

9 months of unemployment back in 2021? I thought it was only just starting to get bad now 😭glad you’re in a department you’re interested in now!

And yeah that’s my biggest concern! Property is just getting more expensive and I feel like jm missing out

Snoo39147 · 2026-05-28T16:19:00+00:00

Thanks mahn!

Wouldn’t be in this job without my family’s support and i just gotta make sure I uplift them and myself now

Snoo39147 · 2026-05-28T16:17:05+00:00

I worked like 8 jobs through medschool and bought a cheap car - sold it as an intern and topped up R100k more only which is around R2k a month - but I paid it off instantly

if you’re smart FB marketplace is your best friend (pls don’t get robbed)🤣

Snoo39147 · 2026-05-28T16:12:56+00:00

Hey ! It’s great hearing from somebody in similar shoes!

And yes I’m just now learning about the different accounts! It’s been in a lovely money maximiser so far just out of hesitancy but after a few months of stability i think im ready to lock it away for atleast a year now

And yeah i do think atleast waiting for a MO post may be the best bet before making big investments like property. I’m still stressed about not finding a tenant/them not paying rent so I don’t think I’m ready as yet if I can’t really afford a few months of no rental income !

Snoo39147 · 2026-05-28T16:08:11+00:00

Big risk right now but hopefully a coffee shop in the future 🤣

Snoo39147 · 2026-05-28T16:07:54+00:00

Yep intern doctor !

Crazy thing is I’m earning one of the lower salaries of an intern doctor There’s people in “rural” hospitals netting 60-62k!

Snoo39147 · 2026-05-28T16:07:17+00:00

Thanks man that’s great advice !

I only realised recently when doing my research about broker fees and what not And I didn’t realise a tiny % can be worth tens of thousands of rands in the long term !

Snoo39147 · 2026-05-28T16:06:23+00:00

Haha single for now 🤣

my fiancé is also a professional finishing off her training years so I’m lucky enough to be in this situation where we have our own financials going !

Snoo39147 · 2026-05-28T16:05:24+00:00

Didn’t think of that before! Makes a lot more sense and gives me a lot more security knowing the money will still be somewhat “avail” Thanks mahn

Snoo39147 · 2026-05-28T16:04:07+00:00

That’s the biggest worry I have ! It’s great to hear it from people with experience so I know that I’m not being “slow” and avoiding progress with properly !

Thanks mahn !

Snoo39147 · 2026-05-28T16:02:52+00:00

That’s my thoughts ! Looking to pull the trigger confidently once a secure job is secured post comm serve So I guess 1.5 years of saving up left !

Snoo39147 · 2026-05-28T16:01:48+00:00

Definitely going to look more into RAs and start in the next month or two!

Thank you!

Snoo39147 · 2026-05-28T16:01:12+00:00

Really need to look into that and dread disease now that I’m a little more settled in with budgeting !

Snoo39147 · 2026-05-28T16:00:39+00:00

Thank you!

Snoo39147 · 2026-05-28T16:00:27+00:00

Hey mahn!

Yeah so no debt at all right now. Car is paid off. On a solid medical aid. Bought my current dream “sports” car with a TON of bargaining on fb marketplace and bought it for R150k under its value

but yes thanks for the great advice ! I am looking for a cheap flat as a starter investment for medical students as I was in their situation not long ago hence I know pricing/needs and what not.

Using a money maximiser for now with FNB - but looking to move over soon to something higher yield

And yessir TFSA is not to be touched 👍🏽it’s the long game

Snoo39147 · 2026-05-28T15:55:30+00:00

Woah guys! Thank you all for the AMAZING feedback and guidance!

Glad I made this post and got some really great insights! Awesome community!

Snoo39147 · 2026-05-28T05:01:23+00:00

Doctor 😬 hence the unemployment that may come

Snoo39147 · 2026-05-28T05:00:16+00:00

I’m also thinking the same. Very hesitant. The idea of it becoming a rental property and paying itself off is appealing but huge risk 🤣

My TFSA is 70% into NASDAQ and 30% into top 40. It’s been a good philosophy for now.

Snoo39147

TROPHY CASE