It’s important to determine the amount of life insurance coverage that is right for you. There are several factors to consider when determining the amount of coverage you need, including your current financial situation, your future financial goals, and your personal circumstances. Here are some steps you can take to help determine the amount of life insurance coverage you need:…
Saving for a holiday can be a daunting task, especially if you have a tight budget or are planning a trip to an expensive destination. However, with a little bit of planning and discipline, it is possible to save up enough money to have the vacation of your dreams. Here are some tips to help you get started: Set a…
On 21 July 2022, at their most recent meeting, the monetary policy committee of the South African Reserve Bank (SARB) voted to increase the repurchase rate (repo rate) by 75 basis points to 5.5%, in other words by 0.75 of a percent. What is the repo rate exactly? As per the SARB website (https://www.resbank.co.za), “The repo rate is so called…
In last month’s article, I spoke about the limiting beliefs we all have about money that was formed whilst growing up. If you are serious about changing your current views about money, you need to challenge the beliefs you hold. However, challenging beliefs that have taken deep roots, can take time. There are reasons you believe the things you do…
It is often assumed that the “best” financial advice is suitable for everyone. People’s circumstances are unique and therefore a generic approach will not be suitable for everyone. We live in a digital age where social media is extremely popular with many self-proclaimed experts giving advice on various topics. Even in the field of financial and investment planning, we see…
Guest blog post today, by our fantastic accountant, Robin Botha. When entering into a loan agreement with your bank, it is common practice for them to insist that you sign a Surety. This may seem like just a normal admin requirement and most people will gladly sign it. But beware – Sureties can be extremely dangerous for your financial health!…
‘Black Tax’ presents a reality for many South Africans, and along with the economic realities of COVID-19 it may be adding pressure to the budgets of those who are stretched to support their own and extended families. While Black Tax is a real obligation to help provide financial relief, it can become a vicious cycle if not managed properly. Black…
Having a valid will in place is often overlooked by so many people and forms an imperative part of your financial plan. In this article, I am going to discuss why it is a good idea to have a will in place and why it should not be overlooked. The first reason why a will should be in place is…
We all have limiting beliefs about money that was formed whilst growing up, by certain events that happened in our lives or by what you’ve seen from those around you. Some of these beliefs include the following: You need money to make money Only rich people can save/invest Having money and paying yourself, is selfish I’m not good with money…
Given the current market backdrop, there is a lot of uncertainty that investors face both in local and global markets as we navigate 2022. The most powerful protection against market volatility and uncertainty is diversification within portfolios, says Debra Slabber. In the US, 2021 ranked as the ninth-lowest peak-to-trough drawdown in a calendar year out of the past 94 years…