Real Estate Investor Magazine South Africa Real Estate Investor Magazine - April 2017 | 页面 62

WEALTH
Wealth Tips
& Insights
How to Grow Wealth
• Drop your living expenses: ensure that your
expenses are lower than your income.
• Save on vehicles: buy cash if you can and, if you
can’t, do your homework properly to make sure
you’re getting the best interest rates on loans.
• Save on accommodation: initially rent rather
than buy, especially if you need financial
flexibility to build up that emergency fund or
retirement savings.
• Only buy what you need: follow a set budget to
avoid spontaneous and unnecessary spend.
• Save a percentage of your income: the
percentages vary, but some experts say between
30 to 50%.
• Put in the hard graft now: building wealth
doesn’t happen overnight, and requires sacrifice
and diligence.
• Become an entrepreneur: expect to lose money
and make mistakes, but be sure to learn from
every experience along the way.
• Invest in real estate: buy to rent or buy to flip.
This won’t make you wealthy overnight, but
will add to your net worth over time.
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APRIL 2017 SA Real Estate Investor
Global Wealth Trends:
Countries to Look Out For
The global population of Ultra-High-Net-Worth
Individuals (UHNWIs) is set to rise by 43% by
2026, says The Wealth Report 2017 by Knight
Frank. The report reveals considerable variation
in growth rates in different regions and countries,
however. According to the Report:
• London, UK: the number of UHNWIs ‒
those with $30m or more in net assets – rose
by 6,340 in 2016, taking the total to 193,490.
The Wealth Report estimates that the UK will
remain the front-runner in terms of its ultra-
wealthy population, with a forecast 30% rise in
UHNWIs over the next decade.
• A higher rate of growth in the US’s UHNWI
population is expected in the next 10 years than
for many other developed countries, despite
uncertainties surrounding Trump’s policies.
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Vietnam has seen the biggest growth in its
ultra-wealth population over the last decade.
The number of millionaires is predicted to
jump from 14,300 to 38,500 by 2026.
Asia is starting to challenge the USA in
terms of the largest regional population of
UHNWIs. The region is also set to strongly
outperform Europe in terms of the rate of
growth of UHNWIs over the next 10 years,
with a 91% increase predicted, compared
with 12% in Europe.
• The predicted hotspots for growth in ultra-
wealthy populations in Africa and Latin
America include Mauritius, Ethiopia,
Tanzania, Uganda, Kenya, Rwanda, Mexico
and Argentina.
• Australasia, Canada, Malta, the UAE, Qatar,
Monaco and Israel are examples of key ‘safe
havens’ attracting migrating UHNWIs.
RESOURCES RESOURCES
Forbes.com Knight Frank
www.reimag.co.za