Holistic financial planning should ideally be done in a specific order. In a recent blog, we wrote about temporary and permanent disability income protection as the foundation of a sound financial plan. The next component is a will. It is estimated that approximately 70% of working South Africans don’t have a will. If you don’t have a will you die intestate which means that the Intestate Succession Act determines who inherits what. This should be avoided! […]
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Tackling financial challenges as a team
In the shared journey of financial management within a relationship, it’s essential to identify the actual challenge: the financial situation, not your partner. Disagreements over money shouldn’t strain the relationship; rather, they should be seen as chances to strengthen bonds through understanding and teamwork. To tackle financial challenges as a team, it’s important to communicate in a way that values each person’s experiences and works towards your shared goals as a couple. One such transformative approach […]
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Sometimes, the best action is inaction
Many investors are drawn to the fast-paced world of buying low and selling high, chasing the thrill of timing the market for quick profits. Yet, there exists a timeless strategy far removed from the frenetic quest for immediate gains: embracing the power of staying invested over the long term. This approach, preferring ‘time in the markets’ rather than ‘timing the markets,’ encourages patience and a steady hand over speculative bets. The challenge with market timing is […]
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Smashing the invisible barriers
When we contemplate our financial goals, the journey often seems straightforward until we encounter invisible barriers that keep us from reaching our full potential. These barriers are rarely about the tangibility of money or the complexity of financial markets; more often, they are the intangible hurdles of our own limiting beliefs. The story of Roger Bannister, the first person to run a mile in under four minutes, isn’t just an athletic achievement; it’s a testament to […]
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The Solomon Paradox
Imagine possessing wisdom so profound that it becomes legendary, guiding nations and solving the most intricate disputes, yet finding oneself ensnared in personal quandaries with no clear path forward. This is the story of Biblical King Solomon, a figure whose life embodied what we know today as the Solomon Paradox—the intriguing disparity between offering wisdom to others and applying it to one’s own life. The very wisdom that made Solomon a figure of legend seemed to […]
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What is your most valuable asset?
When we ask clients what their most valuable asset is, they invariably mention material things like a property or car, etc. However, we believe anybody’s most valuable asset is their ability to earn an income. This should be protected at all costs! Temporary or permanent disability can cause your income to reduce or stop. We have solutions for this. Temporary disability: A solution that pays you a tax-free monthly income in the event of temporary disability […]
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Coaching and financial planning
Financial well-being is not just about accumulating wealth; it’s about how we approach our finances, understanding our behaviours, and align our actions with our deepest values. This nuanced journey benefits immensely from a coaching mindset that integrates the principles of positive psychology, turning the daunting into the doable, and transforming challenges into opportunities for growth and self-discovery. The bedrock of trust and authenticity lies at the heart of a fruitful coaching-type relationship. This foundation enables a […]
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Two lessons for investors
In the journey of personal finance, where the currents of market trends and economic forecasts constantly shift beneath our feet, two principles stand as beacons to guide us through. These aren’t just strategies but rather philosophies that are time-tested and time-honoured. Principle #1: Steering Beyond Economic Forecasts Trying to forecast what’s going to happen in our economy can be similar (although less accurate) to weather predictions for sailors; it’s useful, but often fraught with uncertainty. They […]
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Highlights from the 2024 – 2025 National Budget
In our latest exploration, we delve into the intricacies of the recently unveiled 2024 – 2025 National Budget. Our goal is to demystify the financial jargon and highlight the components that matter most to you. With a keen eye on the government’s financial manoeuvres and their ripple effects on your pocket, let’s dive into what this year’s budget heralds for the individual taxpayer and investor. Government’s Financial Blueprint The Finance Minister’s latest budget presentation was much […]
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When pausing becomes productive
Crafting a life that balances action with introspection, peace with productivity, is an art form in itself. In moments of stress or uncertainty, turning to specific practices can provide solace, clarity, and rejuvenation. It’s a tough challenge when we simply think about our schedule or responsibilities, but it’s even tougher when we think about managing the finances of a family or business. The more moving parts we have to contend with, the more we need these […]
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