Your credit score is a rating that banks and other financial institutions use to determine how much money they can lend you, and at what interest rate. It has a huge impact on your financial health and on your life in general. Home loans, cell phone contracts, car finance… These all hinge on your credit score. Why is a good credit score important? You get access to more credit, and you qualify for better interest rates. […]
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A living will
A living will is a legal document that sets out your wishes for your healthcare when you cannot share them yourself. It guides your family and healthcare providers when you are not in a condition to make decisions or express your wishes. The document gives instructions for not being kept alive through expensive life-support or other artificial medical interventions when there is no hope of recovery and death is inevitable – for example, if someone is […]
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Are you co-habitating (living together)?
An increasing number of couples opt to cohabit rather than formalize their relationship through marriage. This choice raises pertinent questions about the financial and legal ramifications involved. When a couple resides together in a manner akin to a marital relationship without undergoing the legal procedures of marriage, it is legally termed “cohabitation,” also known as “living together” or forming a “domestic partnership.” There exists a prevalent misconception suggesting that couples cohabiting for a particular duration, typically […]
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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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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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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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