Members Zone
Financial Literacy Library
Welcome to the financial literacy library.
Here, are the resources on the most asked questions on the bank and basic informations.
Introduction to a Cooperative Financial Institution (CFI)
What is a common bond?
In a financial institution such as a credit union or co-operative bank, a common bond is the social connection among members that serves as collateral
Why saving or getting loans from a Cooperative Financial Institution (CFI) is advantageous?
There are many benefits to saving and taking out loans from cooperative financial institutions like Isikhungo Sabantu FSC. Firstly, they offer very competitive interest rates
What is a Cooperative Financial Institution (CFI)?
What is a Cooperative Financial Institution (CFI)? A cooperative financial institution (CFI) is a type of financial institution it is the umbrella term for deposit
What is a Cooperative?
What is a Cooperative? A cooperative, or co-op, is a business or organization owned and operated by a group of people for their mutual benefit.
What is a cooperative board of directors?
What is the Board of Directors? The board of directors is elected by the shareholders at the Annual General meeting hold each year to oversee
What are dividends?
What are Dividends? Dividends are a portion of profits that a company pays to its shareholders. They are typically paid out quarterly, and the amount
What is a Share?
What is a Share? A share is a unit of ownership in a company or other organization. When you buy shares in a company, you
Business & Entrepreneurship
The 5 Essentials for Building Lasting Wealth
Discover the essential steps for building lasting wealth in our comprehensive guide. Learn about financial education, goal setting, smart investing, disciplined saving, and adaptability. Start your journey towards a financially secure future today!
Diversifying Your Revenue Streams: A Guide to Creating Multiple Sources of Income
Discover the ultimate guide to creating multiple sources of income! Learn how to leverage your skills, passions, and investments to build a resilient financial future. Explore freelancing, side businesses, investments, and more for a diverse portfolio of income streams.
Unveiling the Wealth Secrets: What the Top 1% Do Differently When It Comes to Money
Unlocking Wealth Secrets: Discover how the top 1% approach money differently. Learn their strategies for success in goal-setting, risk-taking, multiple income streams, and more. Start your journey toward financial excellence.
How to find the time to learn a new skill
We all want to learn new things, but finding the time can be a challenge. Here are some tips for how to fit learning into your busy schedule.
5 Strategies for keeping your customers loyal during tough times
As a business owner, you know that during tough times it is more important than ever to keep your customers loyal. But how do you go about doing that? Here are some tips:
Which side hustle gives the quickest return on investment?
There are a few different side hustles you can pursue to make some extra cash, but which one gives you the quickest return on your investment? Here’s a look at three of the most popular side hustles and how quickly you can start making money with them.
Rich people read a lot of books! How many books should you read and what should you start with?
According to Forbes, self-made millionaires read an average of one book per week. So, if you want to improve your financial situation, reading is a great place to start.
10 habits that millionaires have that led them to where they are right now
Most people would love to be a millionaire, but few ever achieve that level of success. What separates millionaires from the rest of us? Here are 10 habits that millionaires have that you can adopt to increase your chances of becoming one yourself.
How taking a personality test is beneficial for your personal life and for your career?
A personality test can help you learn about yourself, what your interests are, and which careers might be a good fit for you, and which courses you should look at to upskill yourself. It can also help you improve relationships by giving you a better understanding of yourself and others. We have a free test for you at the end of this article.
How to Be More Productive During the Day?
The truth is, being productive is a skill that can be learned. And once you know how to be more productive during the day, you’ll start seeing results in all areas of your life. Here are some tips on how to be more productive during the day:
Did you know that handing out CV is not the most effective way to get a job?
We often think that the only way to get ahead is to land that big job or score that huge promotion. But sometimes, the path to success is a little less obvious. Here are four opportunities that you could explore that may bring you the job you always wanted.
Which courses must you invest in if you are looking at upskilling yourself
With the vast selection of courses available online, it may be challenging to discern which ones are worth your time and investment- especially when you want to commit to something that will upgrade your skillset. Furthermore, you’ll want to find a program with staying power rather than wasting time on material that outdated in a few years; choose wisely so that there is potential for growth within your field!
5 Recession proof strategies you can start today.
Recession is a hard time for most of us but the rich manage somehow to take advantage of it. What is a recession and how to benefit from it?
14 Resources to upskill yourself for free
Education can sometimes be expensive, but those 14 great companies made it easy for us by offering free online courses. Check it out.
Financial Literacy
The 5 Essentials for Building Lasting Wealth
Discover the essential steps for building lasting wealth in our comprehensive guide. Learn about financial education, goal setting, smart investing, disciplined saving, and adaptability. Start your journey towards a financially secure future today!
Diversifying Your Revenue Streams: A Guide to Creating Multiple Sources of Income
Discover the ultimate guide to creating multiple sources of income! Learn how to leverage your skills, passions, and investments to build a resilient financial future. Explore freelancing, side businesses, investments, and more for a diverse portfolio of income streams.
Unveiling the Wealth Secrets: What the Top 1% Do Differently When It Comes to Money
Unlocking Wealth Secrets: Discover how the top 1% approach money differently. Learn their strategies for success in goal-setting, risk-taking, multiple income streams, and more. Start your journey toward financial excellence.
What is the difference between good debt and bad debt? Debt is debt right?
There is a big difference between good debt and bad debt. Good debt is investments that will grow in value over time, such as real estate or a business venture. Bad debt, on the other hand, is money that you borrow that will never increase in value, such as credit card debt or a payday loan.
How to set financial goals and achieve them?
When it comes to our finances, most of us have no idea where to start. We know we need to save for retirement and emergencies, but how much should we save? And where should that money go first? These are all important questions, but they can be daunting to answer. If you’re feeling overwhelmed by your financial situation, don’t worry – you’re not alone
How to start saving for retirement if you are in a tough spot
Are you one of the millions of people who are struggling financially? You’re not alone. It can be tough to make ends meet, but that doesn’t mean you should neglect your retirement savings. In fact, if you’re in a difficult financial situation, it’s even more important to start saving for retirement now. Here are three reasons why:
1) Your retirement fund can act as a cushion against unexpected expenses.
2) You’ll have more time to build your fund up if you start early.
3) Retirement savings can help you stay out of debt in retirement.
5 Tips to invest your money wisely
There is no question that saving money is important, but investing it wisely can be even more beneficial in the long run. If you are someone who is struggling financially, here are some tips on how to invest your money wisely.
8 Tips to have a good time while growing your savings and investments
If you’re looking for ways to have more fun while still sticking to your budget, read on. We’ve got some great tips for you. Keep in mind that every little bit helps, so even if you can’t do everything on this list, just pick a few things and get started. You’ll be glad you did!
12 advantages of investing in property
Contrary to popular belief, you don’t need a lot of money to get started in the world of real estate investing. In this blog post, we’ll explore the benefits of investing in real estate and how you can get started today. So what are you waiting for? Read on!
10 tips you can implement today to start living a frugal lifestyle
We all want to be able to afford the things we want in life, but sometimes it can be hard to do that when our budget is tight. If you’re looking for ways to live a frugal lifestyle, you’ve come to the right place. Check out these tips and see how you can start saving money today.
5 Strategies That You Can Implement Now to Get Out of Debt Quickly
Are you feeling overwhelmed by your debt? Do you feel like you’ll never get out from under it? Believe it or not, there are ways to get out of debt quickly – and without taking on more debt. Check out these tips to learn how to start getting your finances back on track.
The biggest mistakes people make when trying to achieve financial freedom
People often make the mistake of thinking that they need to change their entire life in order to achieve financial freedom. However, there are a few simple steps you can take to get started on the right track. Here are the biggest mistakes people make when trying to achieve financial freedom – and how to avoid them.
Keys to Grow Your Money
Welcome to your member zone. Isikhungo Sabantu FSC Sole’s purpose is to empower its members and alleviates poverty through education. We do not take this mandate lightly, and this is why we created this zone.
To inform you and help you reach your financial freedom.
See articles and post-training keynotes. This is and always will be accessible to Isikhungo Sabantu members.
Financial Management
Make your way to financial freedom
The easiest way to stop living from paycheck to paycheck is to make a budget and start saving. Most rich people have made the switch live on 30% of their income instead of 100%. It is the easiest way to stay rich. Here are 5 steps to help you start this process.
First things first, create your balance sheet. A balance sheet is your expenses and your revenue that balance each other. It is your revenue minus your expenses. From this, you can see if you are in positive or n the negative and make the required adjustments.
A budget helps you control your finances and prevent overspending or unnecessary expenses.
A budget is a list of your monthly income and expenses.
An excellent way to start it is to look at your monthly bank statements and your bills and statements of account. Looking at your bank statement will make sure that you do not forget any debit order that might automatically run off your account and potentially thrown off your budget.