South Africans have always had a deep love of sport. Whether it is supporting the Springboks, celebrating Proteas victories or following every twist and turn of the PSL season, sport occupies a special place in our national identity. Increasingly, however, sport and gambling have become difficult to separate. What was once an occasional flutter on a major event has evolved …
Marriage, Permanent Life Partners and Financial Planning: Why Relationship Structures Matter
When discussing financial planning, most people naturally focus on investments, retirement funding, tax efficiency and estate planning. Yet one of the most important factors influencing a person’s long-term financial position is often overlooked: the legal nature of their relationship. Whether a client is married, in a civil union, in a customary marriage or living with a long-term partner can significantly …
When past decisions trap future wealth: sunk cost and commitment bias in personal finance
Most financial mistakes are not caused by a lack of information. They are caused by perfectly human behaviour. Two of the most common behavioural traps in personal finance are sunk cost bias and commitment bias. They quietly influence everyday decisions. From investments and properties to insurance choices and business ventures. And once they take hold, they can keep people stuck …
Your First Salary Is Powerful – Protect It Wisely
Starting your first job is an exciting milestone. It represents independence, possibility, and the beginning of building a life on your own terms. But with your first income comes something just as important: your ability to earn. In your 20s, this is your greatest financial asset. Not your savings. Not your car. Not your investments. Your income is the engine …
Time vs Wealth: Rethinking the True Measure of Prosperity
In today’s society, wealth is often celebrated as the ultimate indicator of success. A growing bank balance, a larger home, the latest car, and luxury holidays are widely seen as signs that one is “winning” at life. While money undoubtedly plays a vital role in providing security, comfort and choice, both research and lived experience suggest that beyond a certain …
Factors to consider when purchasing a retirement home
Selecting the right retirement home isn’t just a real estate decision, it’s choosing the foundation for your golden years. This decision deserves thoughtful analysis and our planner, Lana Visser-Galant shares key factors, both financial and non-financial, to consider when purchasing a retirement home. Published by Smart About Money you can read it here: https://www.smartaboutmoney.co.za/hot-topics/factors-to-consider-when-purchasing-a-retirement-home
How to implement smart strategies to paying off debt
Albert Einstein once said, “Compound interest is the eighth wonder of the world. He who understands it, earns it… he who doesn’t, pays it.” This statement highlights the power of interest, which can work for or against you. For those burdened with debt, compounding interest often means paying far more over time than the original amount borrowed. Debt can be …
Power FM interview with Johann Rossouw
The phenomenon of DINKS (Dual Income, No Kids) is on the rise as more couples choose to delay or forgo having children. Our financial planner, Johann Rossouw, explores this trend and its implications on financial planning, on Power FM’s Power Business segment. Tune in to hear his insights.
What you need to know about small businesses and tax
By Lana Visser-Galant Starting a business can be an overwhelming process as there are many factors to consider. One of these is the tax treatment of your business, which depends on the structure of your business and the type of entity you establish. In this article we look at these different types of entities, how they are taxed are the …
Six financial planning tips for DINKs
Dual Income, No Kids (DINK) couples often find themselves in a unique financial position, with the ability to focus on personal and shared goals without the immediate financial responsibilities of raising children. However, effective financial planning is still essential to make the most of their dual incomes and secure a prosperous future. These are the key financial planning tips for DINK …