Category: Wellsfaber

“The way we see the problem is the problem.” Steven Covey Financial planning can be a lot like rock climbing. When it comes to our finances we don’t want to resign ourselves to merely clinging on to one position for dear life. We want to boost ourselves up to a higher vantage point in order to summit our aspirations. Climbing can be a very personal pilgrimage, it’s you versus the mountain, but climbers hardly ever venture […]

The fastest way to a wealthy lifestyle, the magic bullet, the one trick that nobody wants you to know about is… winning the lottery. But this isn’t very good advice, is it? The inherent randomness and impossible odds mean that we have no control over the outcome of winning the lottery. It is possibly the least effective financial strategy one could adopt. The truth is that there are no shortcuts to building wealth, but that doesn’t […]

Imagine going to your favourite clothing store to find a new outfit, and then popping into a grocer for some fresh supplies and sitting down for a cup of tea and a bagel. We don’t have to imagine this – because we have malls. But… this convenience didn’t always exist. Shopping centers have existed in some fashion for more than 1,000 years, forming the heart and soul of communities. While ancient market squares may have been […]

It’s so easy to get roped into things we don’t really understand, or committed to too many things and years down the line we find ourselves completely overwhelmed. When it comes to our finances – this is commonplace!  There’s only one word that describes that feeling when you’ve finally got around to cleaning out clutter – bliss! We often find ourselves holding onto things from the past ‘just in case’. We don’t realise the burden that […]

Do you remember your first time shopping online? It was somewhat nerve-racking when you had to enter your card details and there was a slight discomfort in the knowledge that you might never see your order arrive. These days everybody shops online, it’s convenient and instantly gratifying. Online video conferencing seems to be going through a similar teething period. As it undergoes mass adoption, most people are still coming to terms with the technology and aren’t […]

Unless you’re Gomez or Morticia Addams, you probably feel a little uneasy when it comes to talking about live cover. But here’s the thing; taking out life insurance is not only an act of pragmatism, it’s an act of love. In a world where everyone is consumed with thoughts of themselves, someone who takes out life insurance has asked themselves: ‘What do those around me need? What will help them when I am gone?’ Life insurance […]

Retrenchment, or losing your job and your income, is one of the most stressful events that can happen in your life. It’s right up there with losing a loved one, moving home or getting divorced. In today’s tough times, more and more people are facing the reality of retrenchment. Protecting our income should be one of our main concerns when building a robust financial portfolio. The problem of losing our income is compounded when the economic […]

In the same way that we never plan to get ill (see our blog from last week), none of us plan to be disabled. And… in so doing, we can inadvertently disable our financial portfolio. We all know that accidents happen, we can do our best to avoid them, but ultimately we can’t stop them. That’s why they’re called accidents. They don’t only happen to the extreme sports enthusiasts, those who live on the wild side […]