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True but it’s also important to increase our earnings because without doing so it means we becoming poorer each year.

Thank you 🙏 ❤️

Thank you 😊 ❤️

I think corporate everywhere is a scam.. it’s modern day slavery 😅

Thank you… I will try to post more fields.

Wishing you success on your CA journey 🙏 Thank you for subscribing ❤️

Not really

Alright, I’ll try.

I love how you’ve just summed everything up. One just needs to increasing their earning potential but without straining your mental health. ❤️

Interesting❤️. Please share… what do you love about IT?

What qualification in IT ?

How did you switch?

I’m glad it’s relevant because it applies everywhere 😅❤️

True 😢

😢😢😢 so true at least it's a Total cost to co. some of us are having it hard cause its structured and there are losses there and there 😫

😢😢😢 so true at least it's a Total cost to co. some of us are having it hard cause its structured and there are losses there and there 😫

Interesting point. But what I’ve noticed with most CAs if not all, we all got Mortgage or mortgages when we were below 30. Plus not having car finance means you will be driving an older car justifying that the CA salary is not enough to have mansion and nice cars. Also even if the salary is higher, a house that costs R1,6m today will be costing over R2.1m in 10 years meaning there’s a chance that you’ll pay more even if you earn more 😔. But many companies Offer bonuses which makes it easier to finance the lifestyle or pay off certain debts

​@@xireninsights never thought of it like that the value of the house will be more. So it is a good decision from that stand point

😂 you should fight to finish it… you’ll earn better than most SA population and you won’t starve. It’s just that to have the finer things it requires more than a salary… like running your own business.

Soldier on Sana, it will be worth it in the long run. It is still a great qualification to have.

I'm with you on this one. Currently preparing for my CTA exams and this has easily been the hardest academic year of my life 😭

​@@xireninsightsThank you SO MUCH for mentioning that it would be more rewarding to start a business instead, and CAs are some of the most qualified and knowledgeable individuals to go into entrepreneurship. I'm going to study Accounting next year and I appreciate you bursting the salary bubble for me because I can then start learning entrepreneurial skills on the side while pursuing my degree.

Our paths are not the same. You might be the chosen one

Alright let me neaten it up first, maybe in one of the future videos il put a link on how to access and use my affordability spreadsheet.

😂Did they buy them brand new or preowned? Also the high balloon payment makes it easier to afford a highly priced car. Plus other CA’s do get good bonuses. And some do have rich partners. So there’s many places they could be getting the money. 😅

@@xireninsights or some get executive posts where they earn over R2M right, thats a possibility in the accounting field

Either they have an executive position,they have side hustles or come from well off/rich families

I think you’re better off being a CA in SA. Uk standard of living is way too high. Gross salary average p.a. is £40k, which is equivalent to R900k. But some do earn over £60k which is above R1.3m. But some South African companies can pay you over that amount and our cost of living is not too high.

​@@xireninsightsand UK may not recognise your Africa qualifications

@@lmthunzinot correct lol.

​@@lmthunziwhat are africa qualifications 😂😂😂

Thank you ❤️

Thank you ❤️

😂

True. The business route is the way to go if you want to achieve your dream life. The net salary can’t allow one to have their dream car, dream house, dependants, living, plus investments etc We also opted the business route and has made it easier for us to have our dream house and cars. You’re welcome ❤️

That’s completely true ❤️

Thank you 😊 ❤️

Alright il see ❤️

Was R1.4m

@@xireninsights aiybo for 8 years employed since 2012. I guess tax if you cashed out

Ey the taxman… they love to take our hard earned earnings 😭

Yes I also think it’s a good salary. Some people never get to earn it even after working 30 years with a post graduate qualification 😔

At the time, I had moved from the “finance department” where it was perceived to be bad to knock off before 6pm even if you started work before 8am, requests could come in just before 4 and they’d say it’s urgent, so people would only leave after they’ve submitted which was sometimes after 9. But I didn’t get to experience it for long because I moved departments and worked for “enterprise and supplier development”. So our team was dealing with funding for small business so we worked normal hours (8h30-5pm)

Some companies do match your pension, but it’s not all companies. For example if your pension contribution is 10% of your salary… some companies might pay an extra 5% to your pension as an extra benefit. Some SA companies do employer pension contributions like my former employer, but it’s not all companies which do this. But this concept is more common internationally like in the US and UK. Not getting it back means if you don’t take up the benefit in that particular year you’ve basically lost out on “free money”

Maybe you’re right 🤷🏿‍♀️

I'm software engineering and have been using AI tools before anyone caught on. I can assure you, AI is nowhere close to ready to do this kind of work. For example just with simple things like "AI writing detections" tools, they're garbage and nobody talks about that. Instead, institutions are buying into these garbage tools from HR to Universities and one day they're going to realize that it's all overhyped. Just with simple data entry, you can get an intern that would be way more accurate. Same with coding, we have had drag and drop builders like Wordpress for years but how often do you visit a website that impresses you? Everything's either ugly or doesn't work or both.

It has already started... I fired 2 people because AI can do their job...

AI failed accounting exams. lol.

@@CorporatePantsula Which version of AI failed? There are many, and the latest are much smarter...

The compulsory medical aid was ridiculously overpriced. So I was on my husband’s medical aid. If I used the company’s medical excl my dependents maybe my net would have been just around R41k

i also noticed that there was no medical aid.....good question becasue it is compulsory at most companies

Yeah I think so. A year after leaving my job, my main RUclips channel earnings were surpassing my gross CA salary. Plus making money online didn’t come with having to study 4 years plus 3 years of articles. Also, with my CA salary I doubt if I’d be able to pay for mortgages plus have the car of my dreams.

@@xireninsights Siyakubongela! We say Onwards! Upwards! Khuphuka

Thank you ❤️

Yeah I hope so too… 🤞

🤷🏿‍♀️

Braaaah!!!! Good question!

@@CorporatePantsula it baffles me honestly

The old me would say yes don’t buy a ar with residual. However, cars are so overpriced these days to a point where it’s almost impossible to drive a new car if you don’t take the residual option. It’s just important to understand how it works and the financial implications.

@xireninsights true. I guess of you plan for it it's all good but to refinance the residual and be stuck with that car is not cool. And even if you trade it in you will still have that shortfall added to your new deal. So rather pay it off.

Too much 😭

That’s the advantage with being a CA, once you qualify it guarantees you a spot in the top 10%

Thank you for sharing your experience. I’ve never had the audit experience (thank God). But the culture is just bad because working long hours is normalised and if you don’t work those hours you’re seen as a “non performer” meaning that your bonus and increase will be low.

You have a point. But also when God was sending the Israelites into the promise land they were forcefully taking 😂 (possessing the nations).

“Who said they’re good?” Wow, that’s truly a response from God. It’s only God who knows the heart of man, we just see someone who “goes to church” or “do good deeds” 😅 💯 serving is key. Thank you so much for your interpretation ❤️

😂 You have so much of accountant blood in you 😂. But when it comes to investments… it’s better to use other people’s money (it comes with tax benefits)

Where are you staying?