Advise on investing and saving

[u/ElegantManager5316]

Last night I got a job as Process Engineer at mine in north west. My starting base salary will be R150 000 per month which represents a increase of almost R100 000 per month. I currently also have about R287 000 in my savings accounts I was thinking of saving R60 000 per month so I can start maybe a pharmacy or whatever logical business that comes to me. My monthly expenses will be really low as the job comes with accommodation, meals ,phone ,laptop and a company vehicle .So I was wondering how I could go about investing my money in smart way into a practical business that can generate good passive income and also how does one go about acquiring business loan if needed.

[u/Senior-Bad-7540]

Max out TFSA, Optimise RA contributions and enjoy the rest.

There’s no need for you to spend all your money paying interest for a business loan on a most likely failing business. You have a stable job, don’t try to buy yourself an unstable job (business)