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Welcome to Local Money, the home of Frugal Local! My name is Louis Barnard, also known as FrugalLocal, and I am a South African who is passionate about educating people on money, real estate, and building a successful online business.

On this website, you’ll find a wealth of information and resources to help you achieve your financial goals. Whether you’re looking to invest in property, improve your personal finance management, or start your own online business, you’ve come to the right place.

With over 1000 readers already joining me on my journey, I am committed to providing valuable insights, tips, and strategies to help you succeed. I write about money, property investment, and small business, and I help my readers make the most of their resources to achieve financial freedom.

Join me on social media, where you can find me on Twitter, Instagram, Pinterest, TikTok, and Facebook, and subscribe to my YouTube channel to get access to even more content. I look forward to connecting with you and helping you achieve your financial goals!

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Grow Your Wealth Through Smart Property Investments

Understanding Capital Gains Tax (CGT) for rental property in South Africa

When a property (or asset) is sold, you need to pay tax to the South African Revenue Services (SARS). When it comes to capital gains tax (CGT), the intention of the asset is very important. If the asset was bought with the intention to keep it for the long run, such as rental property, then…
How to calculate the ROI on rental property

I often get asked if someone’s rental property is a good investment. I normally ask a few questions to figure out what type of property they’ve invested in and what their strategy is with the property. Once these are aligned, it’s easier to tell if the property is really good, average or bad. For example,…
How to pay less tax on rental property?

There are three things you can never get away from – death, taxes and Cher. There are ways to minimise your tax footprint in the property investment sphere. This includes controlling your income and expenses better, using available tax breaks and/or using the right legal structures. Let’s look at the taxation of rental property and…

Take Your Business to the Next Level with Digital Success

Why Being Employed Is Risky

Have you noticed the culture shift in the last five hundred years? It’s not that long ago that we had tribes, groups and villages that looked after each other and worked as a whole for survival as well as to become richer themselves. Today, after the industrial revolution, we have an employee culture that encourages…
How to make money creating and selling courses online

Getting a degree from a university is unattainable for many people due to cost and time. This does not however deter people from doing online courses. For example, Udemy has 50 million people doing their online courses! There are many opportunities out there for content creators and specialists to create valuable courses for people to…
How To Pay Less Tax As A Small Business Corporation

Small businesses are very sensitive to taxes in South Africa. For this reason, the government created a small business corporation (SBC) so small companies are not killed by high expenses and taxes. As with anything related to government, there are rules and restrictions to be classified as an SBC and can qualify if you meet…

Take Control of Your Finances and Your Future

How to pay less tax on rental property?

There are three things you can never get away from – death, taxes and Cher. There are ways to minimise your tax footprint in the property investment sphere. This includes controlling your income and expenses better, using available tax breaks and/or using the right legal structures. Let’s look at the taxation of rental property and…
How to pay off your bond quicker

Your home loan is probably the biggest expense on your personal budget. This expense eats into your cash flow – and on a 20-year loan, isn’t going anywhere soon. There are ways to pay off your home loan faster. I also want to add a caveat: you are going to have to pay off the…
The opportunity cost of certification and degrees

I know someone who doesn’t have matric – on the contrary, we doubt that he has grade 9. He has no S.A.Q.A. certified qualifications and earns more money as a senior software developer than you could hope or dream of. On the other hand, imagine going in for brain surgery – you have a serious…