Posts by Ross Reid

Ross Reid

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Ross has joined the 22seven team as a Slice and Blog writer. He's a keen financial writer who enjoys demystifying the world of finance. Ross is currently pursuing the CFA designation and has a background in Real Estate finance and investment. In his spare time, he can usually be found reading, running or on the football field.
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How to use ETFs to grow your wealth ETF Series #1

There are plenty of options available to grow your wealth. For instance, you could buy shares in a company, purchase an investment property, invest in cattle or start your own business. However, none are as accessible, easy, inexpensive and tax effective as Exchange Traded Funds (ETFs).    An ETF is a type of passive fund that holds multiple assets which attempt to track the… Read more →

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Ditching your car for an Uber

If Transport & Fuel is one of the budget categories in which you record the highest spend each month, you’re not alone. It seems it only takes a few days for a tank of petrol to go from full to empty. Those tanks aren’t getting any cheaper either. The petrol price has increased by nearly… Read more →

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4 ways to eliminate expensive rubbish

The next time you take the rubbish bag out, imagine that it is filled with money. The money spent on the rubbish that’s now in it. A glimpse into someone’s rubbish bag of money would give a good indication of the person’s eating habits. Maybe you’ll see four chocolate wrappers from the shelf just before… Read more →

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Money doesn’t talk

Money is right up there with politics and religion being one of the no-go topics. Studies have shown that 51% of people don’t speak at all about money with their friends OR family. However, speaking about money is a factor in being financially healthy and meeting financial goals. With women and minority groups throughout history… Read more →

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Good Debt vs Bad Debt

Have you heard of a friend or family member boasting about the amount of debt that they have? You probably think that they’ve lost it and immediately lecture them on the dangers of debt. After all, it’s the first thing that pops up in most of our minds. Debt has received a lot of negative… Read more →

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Do-It-Yourself Investing

Investing your own money is important if you want to build your wealth. Investing enables you to generate future returns which can help you save for retirement or meet long-term goals. Of course, you have the potential to lose your money in investments but if you invest wisely, the potential to gain money is higher… Read more →

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Avoiding Common Money Mistakes ❌

Self-help financial books often focus on selling the feeling of financial success, but the feeling of financial success doesn’t necessarily mean that you’ve actually achieved financial success. You might want to live comfortably, own a yacht and a sports car, or you might want to be the richest person in the world. At the end… Read more →

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Retirement: Not Just a Number

We go to school until matric, some carry on studying further until their mid-twenties, work or start our own businesses afterwards and retire somewhere between 60 and 65 years old. Although life isn’t as bland or simple as this, eventually, everyone retires.  Retirement can be an exciting and happy stage of one’s life. However, it’s… Read more →

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Landing your dream job

Our careers and making money are interwoven. Before we can think of saving, spending and investing, we need to make money. Passive income is great but to have a large enough source of passive income, we often need to have an active job. Finding a job is difficult and, sadly, the increase in unemployment has… Read more →