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 …
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 …
Start the new year on the right financial foot
It’s always exciting to hear our associates being interviewed on radio. This time, Johann Rossouw shares valuable insights with Moneyweb listeners on starting the new year on the right financial footing. Listen to the full interview here (8mins): https://iono.fm/e/1515588
Planning for Living Longer and Living Well
At a recent lecture which Fiscal director and CFP Kate Brown presented at UCT on health, wealth and attitude related to ageing in the context of integrated financial planning, she highlighted: “Courage and Kindness are two of the most important ingredients in the recipe for living longer and living well.” “Most people avoid thinking about ageing and the financial, health, …
8 behavioural finance insights to create and sustain wealth
The concept of investing to create wealth – or investing in someone else’s ingenuity – is a recent phenomenon when viewed through history’s eyes. In previous generations, wealth was mostly held by land owners. You either had it or you did not. Wealth was then passed on from one generation to another. The industrial revolution created the opportunity for hard …