Maps Maponyane recently scored himself a deal with Investec as their brand ambassador for the #reserved4me campaign. He tells us more about the campaign and his relationship with money.
How did your relationship with Investec come about?I was asked to shoot their digital Reserve4me campaign. In the three days of shooting with the Investec team, we had numerous conversations and discovered a number of things we have in common. When we knew each other better, and them finding out who I am beyond my work in media, there was a resonation with my love for business and entrepreneurship.
How good are you with your own money?I’m very good! I’ve had to learn over the years, of course, but I had to know early on how to manage money. Life experience has taught me the importance of being mindful of the future, making my money grow, and investing it as opposed to temporary and instant usage of income. Furthermore, whenever things have been tight, I’ve always made sure to rather sacrifice any immediate pleasures and prioritise saving, even if was just R100 a month during varsity from doing jobs here and there.
When and how did you start taking care of your finances?I’ve always had my moments of weakness, but I was always taught from the days of having a piggy bank or saving in a jar as a kid that there was value in saving. Managing your money allows you to avoid situations of desperation when things fall apart, or to be able to build up to saving for things that are costly but essential, like buying property or a car, although I tend to believe we should lease our cars.
Please share your top 5 tips on saving:
- Cut down on unnecessary expenses. Set a budget and stick to it;
- Use what you need to and save the rest;
- Take out a retirement annuity as early as you can. It’s always going to be favourable for your future;
- Do your research and start investing, even if it’s just a unit trust that requires a minimum monthly payment; and
- No matter how small the amount of money, just save - the main thing is to get into that positive habit.