Category: Wellsfaber

Bitcoin is the only crypto worth keeping an eye on. Is this true or not? As the first cryptocurrency, Bitcoin set the stage for the entry of other cryptocurrencies, inspiring an ever-growing number of spinoffs, continually growing in popularity as potential investment opportunities and an alternative means of exchange. There are more than 9,500 cryptocurrencies available today, but it is important to remember (as mentioned in our previous article) that these are currently highly volatile. There […]

Without adequate life cover, you could be livin’ la Vida Loca. In current times it is easy to feel we are indeed living the “crazy life”. Financial pressures are also much more prevalent, and many of us have to review our monthly expenditure. Perhaps it has even been a consideration to try and make ends meet by cutting out the expense of monthly life insurance premiums. If this is the case, chances are it’s best to […]

“Every next level of your life will demand a different you.” Leonardo DiCaprio If you’ve ever thought – I wish I’d known this in my twenties… then you’ve subtly acknowledged that the person you are now is different to the person you were back then. We are surrounded by conversations of change and forward-thinking, and it can cause us to panic and hold on to our integrity by not wanting to change who we are. But […]

“When money changes, life changes, and, when life changes, money changes.” Susan Bradley Your money and your life are linked. As we move through life, we all experience transitions. For many, these have been referred to as milestones, but as the goals keep shifting, and we live in a world increasingly tailored to our personal choices – we cannot escape the reality that our life choices affect our financial situations; and they can’t be unlinked! Here […]

“When we all think alike, we don’t think very much.” Albert Einstein Countless studies in Social Psychology demonstrate the influence of groups on the decisions we as human beings make. It is virtually impossible for a decision made as a group to be in alignment with the potential decisions each individual within the group would have made independently. In The Little Book of Behavioral Investing, expert James Montier explains:  “Groups have powerful self-reinforcing mechanisms at work. […]

“Wall Street has a few prudent principles; the trouble is that they are always forgotten when they are most needed.” – Benjamin Graham The study of behavioural finance, a sub-field of behavioural economics, arose in the 1980s. Since then, we have been learning more and more about how our emotions, biases, and blindspots affect our money-making choices and can hinder our investing outcomes. This is contrary to traditional financial theories, which failed to take human behaviour […]

“We don’t make movies to make money, we make money to make more movies.” – Walt Disney With a robust wealth strategy, you will see your money grow and become an asset that will allow you to achieve more over time. It’s easy to look at the people that the world holds up as successful and see the people they have become today and ignore where they started. Walt Disney is a great example and is […]

“I think everybody should get rich and famous and do everything they ever dreamed of so they can see that it’s not the answer.” – Jim Carrey Managing money doesn’t begin with how much money we have or earn, it starts with managing our expectations.  The important thing to look at is how realistic our expectations are and what motivates us to this end. Regarding Jim Carrey’s above quote, if we aspire towards something merely for […]

“If you make meaning, you’ll make money.” – Guy Kawasaki Let’s take this a step further and look at how we can make meaningful connections to increase profitability. Networking is an important marketing tool for building a business and creating opportunities. The definition of networking by Merriam-Webster is: “the exchange of information or services among individuals, groups, or institutions – specifically: the cultivation of productive relationships for employment or business.” In order to cultivate a productive […]

“If you cannot control your emotions, you cannot control your money.” – Warren Buffet Whether it’s because we’re aware of how others perceive us when spending on luxury items, or if it’s a constant juggle to stay afloat and make ends meet. We cannot separate our emotions from our finances; we need to learn how to manage them. All of us have an emotional relationship with money, whether we realise it or not, and whether it […]