I finally managed to read 12 books in a year!

I’m super stoked with how many books I managed to read in 2016. I’ve always tracked my book reading in Good Reads and each year, I’ve set a goal to read 12 books a year, but never really got close. This year, I nailed it!

2016: 12 books!

2015: 6 books
2014: 7 books
2013: 9 books
2012: 7 books
2011: 7 books

The one thing I’ve worked out that separates really successful people from the rest is how many books they read. Not waking up before everyone else, not batch scheduling their emails, not meditating and certainly not drinking green tea infused with panda tears. It’s reading lots and lots of books.

I’m sure you’re going to ask, so here we go.

My 3 favourite books I read in 2016

  • *Drum roll please….* Ladies and gentlemen, Jason Bagley has voted. The results have been verified by our auditors, Johnson, Johnson, Johnson and Johnson and in 3rd place…

legacide3. Legacide – Richard Mulholland

I am in no way biased. (the results were verified by JJJ&J, pinky swear). Rich’s book, Legacide, is like one long lunch with him. It is one of the few books I’ve ever written notes in. (He does tell you to, so I guess that helped!) There are plenty of great business stories in Legacide, with each one making you think. If you’re interested in business, entrepreneurship or just want to be entertained, give this bad boy a read.

Right now, this book is like hens teeth – forever sold out! Rich has mentioned it’s been picked up by a publisher, so 2017 might just be the year you’ll be able to buy one. Sign up at legacide.com to be notified when it does go on sale.

the-one-thing2. The One Thing: The Surprisingly Simple Truth Behind Extraordinary Results – Gary Keller

I devoured this book on my Kindle in 3 days and then went and bought 2 hard copies. One for me, so I could read it again at the beginning of January and make a bunch of notes and another copy for Adrian, my business partner to read over the holidays too. I’m so pumped for 2017 because of this book, I sound like the love child of Tony Robbins and Gary Vee!

It’s one of the very few business books I’ve read that has concrete todos for you to follow. It’s business orientated, but has things you can do to improve your personal life too. Pumped for 2017 I tell you, pumped!

born-a-crime1. Born a Crime – Trevor Noah

If you’re South African, this is an absolute must read. If you’re a kid that never lived through or experienced apartheid it’s even more important that you read Trevor’s book.

Not only does Trevor take you through his childhood, growing up with a black Xhosa mother and a white Swiss father in a time when this was illegal, but each chapter has a small history lesson at the end. I’ve learnt more about apartheid, South African languages and cultures from this book, than my entire high school history class. (On a side note, who the hell needs to know about Shaka Zulu and his war tactics – which is what I was taught in history class, when what we should be learning about is how and why Soweto was built and the fact it was designed with 1 main road in and out which meant our Apartheid government could easily trap all the blacks in when needed!)

It had me properly laughing out loud at Trevor’s childhood stories and jokes and then becoming had me become angry and upset at how our white apartheid government treated people based on their skin colour.

It doesn’t cover any of Trevor’s rise to success, which makes this book even more special. It’s a history lesson that every South African should read.


I’m super chuffed to have read 12 books this year! This is definitely my four-minute mile. I’ve finally done it after years of trying and now that I’ve hit that milestone, I can see how easy it will be to achieve it again.

Here’s to reading 18 books in 2017!

 

Stop throwing away free money and get yourself a tax-free savings account!

We have all complained over the past few years about corruption, high taxes, e-tolls, the list goes on. Surprise surprise that our government have actually done some (good) work recently though by creating something every South African must take advantage of and that is…

The Tax-free savings account!

You might have heard of it on the radio and seen flyers and newsletters from your bank about it, but you haven’t really taken proper notice. Well I’m going to tell you that you NEED to get onto this today. Why? Because you are throwing away FREE MONEY!

Free money Jason? How is that even possible living in South Africa paying tax on every direction we turn here?

It’s pretty simple. The government knows South African’s don’t save enough. The problem is there is no incentive for us to save because the day we do withdraw that money from our investments, the tax-man puts his hand into our money bag to take his portion for Nkandla’s fire pool. They have realised that when everyone starts retiring and stops paying taxes, there will be a massive number of retired elderly folk that will want hand-outs from government and that is a big no-no as there won’t be any money to then top-up that fire pool.

That’s where your tax-free savings account comes in handy. It really is tax-free! No income tax, no capital gains tax, no dividend withholdings tax, no nothing tax!

If you stick to the following 2 rules of the tax-free savings account, you’ll have the pleasure of sticking a big middle-finger to government when withdrawing your hard-earned savings.

So what are the 2 rules?

Rule 1: You can only invest R30 000 a year into your tax-free savings account
Rule 2: Your overall life-time investment into the tax-free savings account is R500 000.

What happens if I break one of these rules?

Mr. tax-man will take a 41% cut of anything you invest over those amounts. Eina! (The tax-free savings accounts will make sure you don’t break these rules, so there isn’t anything to worry about really.)

Here is an example of what you could save using a tax-free savings account.

James invests R2500 a month for 16 years and 8 months. (That’s R30k a year and R500 000 in lifetime savings). If his investment earned 25% per annum for those 16 years, and he cashes in during year 17, he would receive a fat cheque for R5 736 108! He also saves R828 765 in tax that normally would have gone to Nkandla’s fire pool, but not with a tax-free savings account.
Over R800k in free money people!

  • James saved R500k of his hard-earned cash
  • James would receive R5 736 108 (assuming 25% growth p.a.) after 17 years
  • James would NOT be paying a tax bill of R828 765 (That would have been more than his initial investment!)

Ok, you have my attention and I want in! Where do I sign up?

All the banks and “authorised financial services providers” have tax-free savings account options. Another thing that is really great about these tax-free savings accounts is you can also invest in ETFs (Exchange Traded Funds – think Satrix, Top 40 JSE listed companies etc. JSE.co.za has a great breakdown of all the ETFs you can invest in with a tax-free savings account) which, over the long-term, will outperform any of the bank’s “savings” accounts.

My suggestion is do a little research and stay away from the big banks. No one has ever become rich by saving their money in a bank.

Personally, I’ve opened an account with Emperor Asset Management but take a look at SatrixStanlib, Momentum or Sygnia for alternative options to the money grabbing banks.

Another tip is if you have less than R30k currently invested in an ETF that is covered by the tax-free savings plan, cancel that investment and get that money back into the fund using the tax-free savings account. I opened an account with Satrix for my 1 year old daughter and have just recently cancelled it to move the money into a tax-free savings account and back into the very same ETF. She can thank me later. :)

Opening a tax-free savings account is a no-brainer for your kids as well as anyone looking to save over the long-term – 10+ years.

“The best time to plant a tree was 20 years ago. The second best time is now.” – Chinese Proverb

Disclaimer: I’m not a financial advisor, so please get advice from someone that is, before investing your hard-earned money.

Do the most important and most urgent. The rest can wait.

You know what is ok? It’s ok to not to be successful by the time you turn 30. It’s ok not to own the house you live in, not have any kids and not be married by 30. (Although I strongly suggest you get moving on the kids thing, but that’s for another article.) It’s ok to only start figuring out how to actually run your own business after turning 30. It’s ok to aim to be truly successful by the time you’re 40, heck, 50 even. These are the things that I’ve come to realise only after turning 30.

Click to continue reading my article over at Medium.com.