Why Are More People Building ‘Career Insurance’?
For a long time, a second income was a nice-to-have: a “side hustle” that brought in some extra spending money, or was a way to express your interests and creativity outside of work. But it is increasingly becoming something entirely different: ‘career insurance’.
In this article we look at a profound shift in how people think about a second income, and why it is becoming more critical.
Is Private Healthcare Becoming Unaffordable?
For many South Africans, the annual medical scheme increase has become one of the most dreaded notifications of the year. As healthcare costs continue to outpace inflation and salaries, more families are questioning whether private healthcare is still affordable. Before making decisions to downgrade or cancel your cover, it’s worth speaking to your financial adviser about balancing affordability with the protection your family needs.
COFI: Building A System that Works Better for You
The long-awaited Conduct of Financial Institutions (COFI) Bill is set to be tabled in parliament in the next couple of months.
While FSPs will be scrambling to update their policies and processes during the three-year transition period, consumers can look forward to getting fairer results at every step of the financial journey.
Read on for the lowdown.
The Psychology of Generosity
“We make a living by what we get, but we make a life by what we give.” (Winston Churchill) We often look at numbers when planning our finances: how much do we earn from investments, how much have we saved, and when will we be able to retire? These are very important for making the […]
This Festive Season, Learn how to Talk About Money With Grace
“The biggest problem with communication is the false belief that it has happened.” (George Bernard Shaw) Navigating casual financial conversations isn’t about avoiding the subject altogether. It’s about handling it with purpose and grace. The point isn’t to pore over every aspect of your finances around the braai. It’s to keep your peace and your […]
Gift Vs. Loan: The Devil’s in the Details
“The bluntest pencil is better than the sharpest mind.” (Unknown) The Festive Season is traditionally a time for giving, and it seems a pity to have to mention the hard realities of the law right now. But, as a recent High Court dispute confirms, things can go horribly wrong if the people involved have different […]
Smart Ways to Give: During and After Your Lifetime
This article deals with a topic that should apply to everybody. Giving money to a loved one or a charitable cause that you care passionately about is one of life’s most rewarding acts. Key considerations Before we go into the pros and cons of the various ways of giving, there are a few questions you […]
“It’s a Waste of Money”: Even the Rich Can Have a Scarcity Mindset
“Money is a terrible master but an excellent servant.” (P.T. Barnum) It seems strange. A man with more money than he could ever spend – a wealthy investor, entrepreneur, or heir – still often says, “It’s a waste of money.” He longs to see his children overseas, yet he won’t fly to them because he […]
What Divorce Means for Your Pension
“Marriage is the chief cause of divorce.” (Groucho Marx) Retirement savings typically account for a substantial portion of a person’s wealth. When a marriage ends, these savings can become a serious bone of contention. The good news is that, starting 1 September 2024, the definition of pension interest will be standardised across all retirement funds. […]
What is a Power of Attorney and is it Forever?
“The number of cases of dementia is estimated to almost triple by 2050.” (World Health Organisation) Although the actual prevalence per capita of dementia is reportedly on the decline, aging populations ensure that it is becoming more and more of a problem in society – for older people, their families and caregivers. If you or […]
