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As your wheel of life turns, your financial needs, goals and focuses change. When you start working, you’re absorbed by accumulating assets. Later, as you near retirement, your focus shifts to wealth preservation. And eventually, when you’re settled and comfortable in...
“Home is not a place; it’s a feeling.” (Cecelia Ahern) Deciding whether to buy or rent your home may be one of the most important financial decisions you’ll ever make. Ultimately, the choice comes down to a combination of financial variables and personal factors,...
“There is no pebble so small that it won’t make ripples when tossed into a body of water.” (Charles Peck) In a recent blog post, financial writer Morgan Housel made an interesting observation. He wondered what would happen if people invited public scrutiny of the way...
“Change is not a gate we pass through; it is the definition of life.” (Millie Florence) The good Supporters of the change believe that introducing an accessible savings pot can provide salvation for those in financial crises, like the one caused by the Covid pandemic....
“If a man is not faithful to his own individuality, he cannot be loyal to anything.” (Claude McKay) Case study 1: Family matters One financial advisor told us about a 68-year-old client who sold his business and worried his children would be ruined by inheriting too...
Magnificent Seven come tumbling down The Magnificent Seven stocks (Apple, Amazon, Google-parent Alphabet, Nvidia, Facebook-parent Meta Platforms, Microsoft, and Tesla) have been responsible for the lion’s share of the US bull market in equities since late 2022. So...
“One must learn to give up momentary, uncertain, and destructive pleasure for delayed, restrained, dependable pleasure.” (Sigmund Freud) What is the marshmallow test? The test was devised by Walter Mischel, a Stanford University psychology professor, in the 1960s....
“Obviously crime pays, or there’d be no crime.” (G. Gordon Liddy) It’s an unfortunate reality that you can’t be too careful with your money these days. For all that modern technology has done to enhance our lives, it has also sadly made it easier for criminals...
“Often, when you think you’re at the end of something, you’re at the beginning of something else.” Fred Rogers Retirement planning 101 If you’re part of a pension or provident fund or have a preservation fund and/or a retirement annuity, you can withdraw up to...
SARS has warned taxpayers of a disturbing rise in fraud attempts and breaches of eFiling profiles. These breaches can lead to identity theft, financial loss, and a lengthy process of restoring your good standing with the authorities.Cyber threats have evolved from...