Wealth Is Not Just About What You Earn
One of the biggest misconceptions about money is that many people believe the more you earn, the richer you are. But a high income does not automatically translate into wealth. If you spend everything you earn, you have nothing, regardless of how much came in at the start of the month. The trouble is that […]
Why Your Investment Portfolio Is Like a Garden
I started working full time in the summers at the ripe old age of 15. Believe it or not, I felt pressure from one of my parents to get a summer job. I already mowed lawns and delivered papers, but I guess that wasn’t enough. With the best intentions, my hard working parent was just […]
The Biggest Money Mistakes Women Make at Every Age
Big financial blunders can happen at every age. Here’s what we’re doing wrong — and how to fix it. The wage gap already tells us we’re earning less than men, but it turns out we’ve been making financial mistakes long before and after we get a job. No matter where you are in your life or career, […]
9 Ways to Avoid Emotional Investing
Have you ever looked back at your investment track record and thought about how stupid an investment was? I know I have. Investing is an emotional game, and it can lead us to make some terrible financial decisions when we let our emotions get involved. That’s why we need to put systems and rules in […]
Set SMART investment goals for long term financial success
Indeed, goals are vital to leading a successful and happy life. You need to know what you want from your personal life, what you hope to achieve in your career, and how you want to experience retirement. Without goals, life can become a series of muddled events. I’m going to take it one step further […]
Tisataafl
Not that there aren’t enough acronyms flying around the investment world already, but today I will reference a lesser known one – only to debunk it. TANSTAAFL: “there ain’t no such thing as a free lunch”. The etymology is uncertain, but the principle is intuitive; there aren’t many things in life that come for free […]
How to navigate your share investments in times of war
The war between Russia and Ukraine has already lasted longer than many would have thought, and we can only bemoan the unnecessary deaths, pain, suffering and destruction that comes with it. As someone recently said, “Wars don’t bring lasting peace, only lasting death”. Putin also thought the war was going to be over in a […]
Proposal to increase retirement funds’ offshore allowance
National Treasury’s proposal to harmonise the offshore limit for all insurance, retirement and savings funds will enable retirement funds to invest up to 45% of their capital offshore. This includes the 10% allowance for investments into other African countries, according to the Budget Review. The proposal implies that the current Regulation 28 offshore limit of […]
A look at young people and their attitude towards money and how to improve their finances
For many years, young people in South Africa have experienced and faced many challenges regarding them completing their education which has resulted in extreme unemployment rates and is one of the key challenges facing our society and necessitates. A recent study conducted by Momentum in partnership with UNISA, The Momentum UNISA Financial Index reveals that […]
Ready, Set, Plan!
Every year, more and more young adults finish school or their degrees and enter the workforce. These young professionals face numerous challenges such as finding employment, entering into contracts on their own, and the most pressing of all – dealing with financial pressure. What financial topics are young professionals most interested in? To answer this, […]
