Category: Money

Last week, I did a radio interview on how to deal with financially abusive relationships, and I realized that a majority of people get into relationships but hardly ever talk about how they will manage their finances as a unit.

From the time you say ‘yes’, the next question should be what marriage contract will you enter into. Unfortunately, many couples don’t discuss all the options available to them.

I think it’s difficult to have this type of conversation because essentially,

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Black Tax: When a young person shares their income not only with their immediate family but with extended family as well, this means that they financially support their own kids, their parents and oftentimes aunts and cousins as well. It is the sandwich generation.

In my personal experience, black tax has not been burdensome, I give my parents money from time to time to help out with just a few things. My oldest sister might have a different recollection!

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To Celebrate International Women’s day, I talked to Kirshni Totaram, Global Head of Institutional Business at Coronation and boy is she a powerhouse! She is a CFA charter holder and a qualified Actuary.

 

Kirshni’s background

Kirshni grew up with a single mom and money was always tight, but thankfully, she was very good at Maths. Her guidance counsellor advised her to further her studies in Actuarial Science…because naturally that’s what you study when you are good with Maths,

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Whether you want to start saving, investing or to pay off debt, it might seem impossible with your budget. Well, that’s what most people feel when approaching their finances; that there isn’t enough money to start with. But I want to show you a couple of places to look in your current budget to find the extra fat!

DSTV

You knew this was coming. Your DStv subscription is easily one of the things you can do without.

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Much has been written about Tax-Free Savings Accounts (TFSA) since they launched but in light of the tax year coming to an end, it is always good to remind ourselves of the benefits of investing in one.

I must say, I have always frowned upon the name Tax-Free Savings Account as I feel that for many people it can be misleading and one might end up thinking of it as just another bank account where you save,

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This year, I will be giving away more downloadable resources to help you on your financial journey. My whole aim is that each and every one of the Tribe becomes confident about their personal finances, no matter where in the journey they are. I want to show you how easy and (possibly fun) having control of your money can be.

Today, I have the Net Worth template for you to download. I often say that this is one of my favourite calculations because it reflects how my financial decisions are impacting my net worth.

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According to annual BEE.conomics Transformation in SA Asset Management Survey published by 27four Investment Managers, there are currently 48 black asset management firms in South Africa and they manage only 10% or R490.3bn of the R5 trillion industry.

While there has been growth in the number black fund managers and their assets under management in the past couple of years, it has been painstakingly slow. So, why is this? Why don’t we have more black fund managers?

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George Soros once said, “If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.”

Investor Psychology is about the behaviour of investors; what they believe, how they act, what they do both in times of the bull market and bear market.

For most individuals, especially in South Africa the word investing in itself is not understood very well. I have had clients before who would ask me,

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In the investment world, there are some things that hold truth whether you are a new investor or a seasoned investor. Here are 5 Keys to successful investing across the different asset classes (i.e. Equity, Cash, Property, Bonds)

1.  Have a financial road-map/goal

The first key to successful investing is to have a clear financial goal. Ask yourself WHY are you investing? This will inform how long you want to invest and it will dictate the risk you can afford to take. 

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