While it seems like a simple question there are many considerations that need to be accounted for when asking: Can I retire on R2 million?It is important for a financial advisor to provide a client with guidance regarding questions that have been asked, but also to provide answers to questions that the client hasn’t thought to ask yet.The question was posed from a 48 year-old requiring at least R30 000 a month to survive current debts, […]
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SPRING CLEAN YOUR SPENDING – PART 2
Your finances can use some spring cleaning as much as your house does. Last week we went over some budgeting and account handling ideas, this week we continue with some more ways to get you feeling financially refreshed… Review recurring costs We become accustomed to recurring fees to a point of comfort. Maybe it is time to shop around for better rates on your car insurance, cell phone plan and other subscriptions. You will have a […]
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SPRING CLEAN YOUR SPENDING – PART 1
Clearing out old clothes and a garage full of stuff? While you might be tempted to just dump it all, there are people less fortunate that can use your second hand clothing to keep warm in the evening chill. While you are spring cleaning the accumulated clutter in your house, why not brush up on your finances? Here are some ways to achieve this… Budget maintenance The ever-present spending plan, one of the most important financial […]
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CRUCIAL STEPS TO TAKE AFTER A COLLISION – PART 2
Last time we went over some basic procedures to reduce risk after an accident has occurred. Now we go into some of the finer details that you should pay attention to and note down, but above all remember to keep your cool. These scenarios are stressful for everyone involved. Collect basic information You will have a much easier time making an insurance claim if accident information is properly gathered and written down. Include a short description […]
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CRUCIAL STEPS TO TAKE AFTER A COLLISION – PART 1
It’s something that we all anticipate with apprehension. Would you know what to do if someone pranged into you or if you lost control of your vehicle on a slippery surface? There are certain procedures to be followed that can help you if you have been involved in a traffic accident. Stop No matter how serious the accident may or may not be, you are legally required to stop your vehicle. Leaving the scene of the […]
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LIFE INSURANCE LIBERATIONS
With all of the pressures of modern life it is nice to know that you can offer yourself and your loved ones some reprieve from the stressful doubt of forethought. Life insurance can free you from certain worries and ease your mind when it comes to the future of your kin. Life insurance can achieve this because it… Buys time Allowing loved ones to focus on their grieving process by helping to pay for funeral and […]
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PAYMENT PITFALLS AND DEBT DOWNFALLS – PART 2
Last week we discussed a lack of financial management, signing surety, sudden expenses and worrying about social status. This week we compound on that list with some more points to consider to prevent you from being put in a position that is vulnerable to accumulating debt: Lacking financial understanding Formal education doesn’t prepare people well enough for the financial acumen of the ‘real world’. You should know how a budget works, what interest is and the […]
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PAYMENT PITFALLS AND DEBT DOWNFALLS – PART 1
No one ever plans to fall into a spiral of debt, but sometimes challenges arise that cause the debt to build up around you before you have even realised how bad it is. This puts you in a debilitating position that can be difficult to emerge from. So, here are some points to consider to prevent you from being put in that position in the first place:Lack of financial management If you aren’t working with a […]
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BARGAIN HUNTING HINTS – PART 2
Hunting for a bargain takes time and effort and only certain items are worth that effort, you have to weigh up the advantages versus the cost. As a follow on from our last blog post… here are some more to pointers for a good bargain hunting acumen. Be prepared to negotiate Don’t feel bad for trying to negotiate a better deal, it happens the world over. Most established retail outlets won’t negotiate, but roadside stalls and […]
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BARGAIN HUNTING HINTS – PART 1
A really good bargain is hard to come by and sometimes it requires a bit of dumb luck! The problem with luck is that it isn’t reliable… That’s why we have put together a list of consistently savvy bargain buying tips to help you increase your chances of getting the best possible deal on whatever it is that you are looking for. Right off the bat – don’t be intimidated by sales patter; salesmen will often […]
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