Happy Women’s Day for tomorrow! In celebration of Women’s Month I wanted to share an article that focuses specifically on a financial planning aspect that is often overlooked for women. Recently, the Fiduciary Institute of Southern Africa (Fisa) discussed some important financial planning considerations for women that highlighted the need for an up-to-date will. It […]
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The power of positivity and a good plan
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 […]
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Cancer claims reveal risk trends
Recent statistics made available by Liberty Life reveal that cancer is the leading cause of claims paid by the assurer in 2015. One in four claims paid by Liberty were for cancer, and the proportion of claims for cancer is increasing, even at younger ages. Motor vehicle accidents are typically cited as the reason that […]
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What happens after a market downgrade?
There has been much murmuring in the financial field as of late regarding queries with respect to investing locally, or shifting all portfolios offshore, specifically in the light of the widespread media coverage and speculation regarding South Africa’s credit rating and the likelihood of a downgrade to “junk status” – which could happen as soon […]
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Investing in your fifties
Many young people neglect to plan for their retirement during their early working lives, arguing that they will take care of it later in life when they are earning a bigger salary. However, on the flip side of the coin, as people get older they assume that they must rebalance their portfolios into more conservative […]
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Financial Fortifications for Forty Somethings
It’s often said that the best years are the forties – and for so many reasons! Whilst everyone is different, it’s good to state at the start of this article that this perspective is becoming even more prevalent. Some forty year-olds are in their first marriage with kids, others are in their second or third… […]
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Common financial mistakes in your thirties
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 […]
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South Africans lack confidence when it comes to finances
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) […]
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Retirement doesn’t happen at 65…
Retirement planning is only one component of a holistic financial plan and although retirement has a higher probability than all the other risk areas, this is the area we find people being the worst prepared for. Retirement doesn’t happen at 65… it happens when you make it happen! Planning for retirement is much like planning […]
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Retail Distribution Review – Prepare for advice fees
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 […]
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Three Trends set to Shape Professional Industries
I found a great article talking about some of the major themes that are predicted to influence professional industries this year. A big part of running a successful business is staying up-to-date with current trends that are affecting the marketplace.Here are three trends that are set to be prevalent this year:Trust as the key competitive […]
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Another 5 Financial Reflections for 2016
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 […]
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