Have you ever told yourself, “When I have more money, I’ll be happier”? How about, “I’ll never be able to pay off this debt”? These sort of toxic money thoughts are holding you back from financial success – and happiness! A good financial plan needs to be attainable and measurable, those expressions are neither. The … Read More
When are you most likely to check on your investments? Is it when they are doing well, or is it when the markets are down and you’re feeling anxious? Chances are it’s the latter. This isn’t always the ideal time to make investment decisions as emotions are running high. That’s why taking the time to … Read More
Saving in your thirties becomes increasingly difficult as your financial responsibilities increase. However, sound financial decisions during this phase of life can have profound benefits at a later stage. Here are some common financial mistakes to avoid: The first is failing to draw up a budget. A proper budget is the starting point of all … Read More
Basic financial learning curves are best learnt early in life, they will benefit you in your youth as well as in the future. Managing debt is one such important learning curve and a credit card is a transactional tool through which this experience can be gained. The sooner you teach your children to be disciplined … Read More
Most South African consumers feel challenged by their finances, with relatively few saying that they are highly successful at sticking to their financial goals or are knowledgeable about financial matters.This was revealed when the Financial Planning Institute of Southern Africa (FPI) conducted a nationwide survey, in conjunction with the Financial Planning Standards Board (FPSB) and … Read More
Certain provinces have been struggling to keep up with the skyrocketing cost of food. Current data points to an agriculture industry that is struggling, mainly due to the diminished buying power of the rand and a prolonged drought.November 2015 saw the worst drought in South Africa in 23 years. During this time Stats SA released … Read More
For the first time in South Africa, financial advice is set to become a billable service. Known as the Retail Distribution Review (RDR), the first phase will be implemented later this year (2016), introducing some significant changes for both consumers and financial advisors alike.As with all change, some sound preparation and a positive outlook will … Read More
Also known as The Commutation of Benefits, there are some big changes coming for retirement and provident fund holders. Essentially, these all relate to how the money is drawn (commuted) or re-invested.After being delayed by a year, the Taxation Laws Amendment Act is being put into place on 1 March 2016 (‘T-day’). The legislation changes … Read More
Many of my clients run their own businesses, employing staff and looking for ways to grow their business. In this busy way of life, it’s easy to overlook or lose track of changes in the legislative systems that affect employers.Here are some important legislative changes will be affecting all employers and retirement fund members from … Read More
Looking forward to another year of financial success means embracing monetary mistakes of the past. More importantly, you need to be honest with yourself about where you currently are and where you want to be.Here are another 5 Financial Reflections from 2015, for 2016:Don’t let yourself be pressured into buying designer goods Branding is such … Read More