“Children must be taught how to think, not what to think.” – Margaret Mead Teaching your children to be financially literate can be one of the greatest life gifts you give them. You’ll be teaching them about the values of financial independence and management. Learning about personal finance at home can be a more enjoyable and enlightening experience than at school. In Rich Dad Poor Dad, Robert Kiyosaki agrees, as he says, “One of the reasons […]
Continue readingDoes your wealth creation strategy need more love?
February is the month of love, but it’s also the first real month of the year for most of us, once we’ve got back into our routines and come back to grips with life after the holidays in January. As a result, you may be thinking of how to get your 2020 goals going, especially your financial goals, rather than romance. However, there is a way to think of both. In honour of the month of […]
Continue readingFinancial literacy – PART 1
“Today the greatest single source of wealth is between your ears.” – Brian Tracy Learning about how to build wealth is something most of us desire. Yes, we know the basics of budgeting but we still need to gain a deeper awareness of financial management and literacy. We constantly need to learn better money habits – something we could have learned at school. And, if you know your parents have difficulty managing their finances, sharing this […]
Continue readingCoffee, makes you think
After owing its name to the mindful Fransciscan monks, the Capuchin friars, many of us overlook our daily cappuccino (or other frothy delight) and how much we spend on these little luxuries in life. One of the best ways to add meaning to our money is to be mindful about how we spend it, and our financial well-being is closely linked to how we feel about our money and what it means to us. If we […]
Continue readingWhat to consider when saving for education: PART 2
“An investment in knowledge pays the best interest” – Benjamin Franklin We never stop learning. And, the older we get, the more we know how little we know! For some of us, learning happens in the school of life, for others, we need to choose a more dedicated and focussed channel for tertiary education. Planning and saving for tertiary education, either for yourself or your children, is best done in advance. Even if you don’t start […]
Continue readingThe RA-minder
For many, the way in which we save and invest is not a daily conversation, so it’s easy to forget what we have in place AND WHY we have it in place. Here’s a quick reminder! An RA… or Retirement Annuity is one such product that can often confuse many. RAs have been around for a long time and are basically private pension plans that help you to save for retirement. As we near the end […]
Continue readingWhat you need to know about the new ‘expat tax’
One of the hardest aspects of working with tax and tax law is that the rules change slightly every year – making it tricky dice to roll without an expert on your team. There will be a new law soon that legislates how much tax you as a South African must pay on money you do not earn in and from South Africa. On 1 March, the new section 10(1)(o)(ii) of the Income Tax Act (known […]
Continue readingShare the love with your wallet
Is it time for some romance without the rands? You can sweep someone off their feet whilst keeping yours on the ground. Valentine’s Day has gained the reputation of being a Hallmark holiday that promotes Lindt rather than love. Ahead of rushing off to the shops to buy a big bunch of flowers or box of chocolates, you may wish to take a moment to reflect on the meaning behind the day and how you can […]
Continue readingWhat to consider when saving for education: Part 1
“Education is the most powerful weapon which you can use to change the world.” – Nelson Mandela Education is not about learning what to think, but rather it’s how to think and thrive in the world. Whichever route you decide to take, it’s going to involve spending money. Whether you send your children to a public or private school, or choose to homeschool or unschool, there are financial obligations that can cause immense stress and pressure […]
Continue readingWhat’s the state of your budget?
Each year we are presented with our president’s State of the Nation address and the finance minister’s budget speech around the same time. The SONA is closely linked to how money is spent; it’s a powerful reminder for us to consider the close link between our lives and our budgets! Good finances begin and end with good budgeting – when you have a good budget and stick to it, you’re often 90 percent of the way […]
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