When to Re-Evaluate Your Investment
Market turmoil is not the signal to adjust your investment strategy. When markets are volatile, investors would be forgiven for wanting to make portfolio changes as a way of trying to stay in control. However, we would caution against altering your investment strategy or its execution—unless it was incorrect at the outset, or your personal […]
Your Money Is Not Your Shrink
I value and respect psychologists and how they help improve our lives. I, myself, have experienced this. Today, though, I deliberately choose the less elegant term ‘shrink’ to indicate that we sometimes make nasty shortcuts to what we think will improve our overall well-being, more specifically our money matters. Let’s face it, it’s a tale […]
Building Financial Resilience in Challenging Times
The Consumer Financial Vulnerability Index Q2 2023(CFVI) report published by Momentum and Unisa1 highlights that South Africans have been grappling with financial vulnerability for an extended period, with various economic factors contributing to this predicament. Financial struggles amidst rising costs As South Africa grapples with the aftermath of the COVID-19 pandemic and a challenging economic […]
Smart budgeting tips to make the most of your income
Have you ever found yourself puzzled by your bank statement, wondering where all your money went? Those daily coffees and occasional treats can add up faster than you think. The good news is that you can regain control of your finances and start living within your means. It’s not just about creating a budget; it’s […]
What is the difference between a business consultant and an advisor?
In South Africa, where businesses often face unique challenges and opportunities, the roles of business consultants and advisors are often crucial. Both consultants and advisors provide strategic advice, but their approaches, areas of expertise, and the nature of their engagement with clients can differ significantly. Business consultant: Strategic expertise and specialised solutions Business consultants in […]
Unlocking the benefits of expert tax planning
Tax planning is the strategic organisation of financial affairs to minimise tax liability by utilising deductions, exemptions, allowances, and rebates within the confines of the law. Despite the perceived complexity, tax planning offers streamlined financial management and significant savings. For business owners, it is an ongoing commitment with substantial benefits, going beyond tax payment to […]
Deciphering the Dilemma: To Sell or Not to Sell Your Property Amid Financial Strain
Given the current economic climate, many homeowners in South Africa might find themselves facing the challenge of keeping up with their monthly bond repayments. In such instances, it may be tempting to consider selling the property to relieve financial pressure. However, before you make a hasty decision, it is crucial to understand all the factors […]