General finances – Resource allocation, that is, the process, markets, institutions, and instruments that facilitate the transfer of money and wealth
Lifestyle inflation and lifestyle creep The other day I had a chat with a friend. He told me he needed a bigger house, as the 2 bedroom home isn’t big enough for him, his wife and the baby. Being Frugal, I started asking questions about wants and needs: Do you Read more…
Losing your job and getting retrenched Its not easy when you stare retrenchment or the loss of your income in the face. It was there – 40+ hours a week, and now it’s gone. Though it’s hard to stay positive in such times, I want to encourage you that you Read more…
Plan to fail or fail to plan People can make plans so complicated – especially financial plans. But it shouldn’t be. You should be able to get a one pager together to help you know where you want to go financially – and I really hope it’s not in debt! Read more…
What legal entity should I buy my property into? The question of whether to buy a property into a trust, company or on your own name is one I get exceptionally often. Many people want to know what the pros and cons are, the cost-effectiveness and why people are even Read more…
Risk, balance and returns In which money machines/asset classes should I put my money that will offer me the best return at the lowest risk? I get this question a lot, and there is a simple answer for it: None. 99% of cases gives higher returns with higher risk. We Read more…
Do I need dread disease policy? Some people like having dead disease cover in place for in case something terrible happens to them. Imagine you find you, a 45 year old male, have a severe case of marlaria of the ovaries. As an extra bonus this evolved into a case Read more…
Who needs a financial adviser? According to a recent survey by the Financial Planning Institute (FPI) of Southern Africa, the reasons why consumers are wary to pursue financial planning are 70% because of lack of trust, 62% of affordability and 55% because they do not know where to start. – Read more…
Money and Relationships Relationships are important. So is money. Have you ever seen a couple fight about money? Well, me neither. It’s something we hear about but never see. People are scared when it comes to fighting in public and arguing about money, yet behind closed doors, we know very Read more…
How we work So, your mom invites you over and asks you to help her with her PC – she needs someone to update Windows for her. She’s willing to cook you your favourite food and make the time special in return for your help. Now imagine your mom offered Read more…
Cheque or savings? A bank account is like your wallet – if you don’t have one, it’s the end of the world and you will die. We all know that some transactional accounts are better than others. Most of the time moving to another bank is not an option – Read more…