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Vivian Deetlefs

It is always a relief on those rare occasions when you meet someone like Olive Matlanato. She is still what many people would call reasonably young, “turned the big Four Zero this year” in fact, but her head has been screwed on the right way for a long time already.

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It is always a relief on those rare occasions when you meet someone like Olive Matlanato. She is still what many people would call reasonably young, “turned the big Four Zero this year” in fact, but her head has been screwed on the right way for a long time already.

 

A business architect working in the public sector, Olive has been working for 12 years and has been saving seriously for 10 of those. With a great start like this, she will already be enjoying the benefit of compounding, where you earn interest on the interest already earned, and growth on growth.

Compounding is a little like the effect of a snowball rolling down a hill: the further it goes, the more speed it gathers and the bigger it grows. Once you have saved for 20 or 30 years, the annual growth in your savings that comes from your investment return can be expected to dwarf the contributions you make in those years.

Olive, who comes from Soweto but lives in Pretoria these days, says she always makes sure she saves at least 10% of everything she earns, including anything extra that comes her way.

 

Olive is “well aware that the investment market is not always stable and that there will be ups and downs”, but she has always been a saver and sticks to saving at least 10% of everything she earns in good times and bad.

“I make sure that 10% of my salary as well as any extra work payouts goes into my savings and investments.”

Olive was introduced to 10X Investments when founder and chief executive, Steven Nathan, gave a presentation at a media event she attended. But, she adds, she has also “shopped around a lot in search of a good home for my money”.

 

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