“We are living in a material world, and I am a material girl.” (Madonna) Why not take this festive season as an opportunity to begin a tradition of truly meaningful gifting in your family? In today’s world, more and more people are realising that things bring only fleeting joy – it’s experiences that really matter.…
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“Farewell! God knows when we shall meet again.” (William Shakespeare) Marital contracts 101 There are various types of marital contracts, including: In community of property. This is the default position in South Africa. The couple share all their assets in a single joint estate in which each spouse has an equal share. There is one exception,…
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“Many folks think they aren’t good at earning money, when what they don’t know is how to use it.” (Frank A. Clark) If you have done any reading on budgeting, you have almost certainly come across the problem of the morning cappuccino. It’s that old piece of advice that points out that if you simply…
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Many South Africans are tempted by the prospect of investing in property overseas. Earning a rental income in foreign currency is seriously appealing. It may also be reassuring to know you’ve got somewhere else to live if it ever comes to that. But it’s essential to understand that you don’t immediately have residential rights in…
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“The course of true love never did run smooth.” (William Shakespeare) The times they are a-changin’ Living together and having children without getting married is becoming increasingly accepted worldwide. When Boris Johnson and his partner lived together as the first unmarried couple in No 10 Downing Street, there was no peep from the harsh British…
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“I don’t care too much for money, for money can’t buy me love.” (The Beatles) For many couples, money is a regular source of tension. And, unfortunately, this can have serious consequences. In a study by researchers from Utah State University and Kansas State University published in 2012, the researchers found that financial arguments in…
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Being wealthy is as much a mindset as it is a measure of what you have in your bank account. It is about understanding that money is about giving you the freedom and security to live the life you want while enjoying good health, strong relationships, and having a sense of purpose. Practically, that means…
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“The biggest risk is not taking any risk.” (Mark Zuckerberg) So, what is risk, exactly? Investment risk can be defined as the probability of loss relative to the expected return on any investment. It’s a measure of the level of uncertainty of achieving the returns expected by an investor. Systematic and unsystematic risk Investment risk…
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Any good habits can be bred at a very young age. Learning positive attitudes towards money is no different. Research has found that children understand financial concepts much sooner than many of us realise. The University of Cambridge has found that by the age of seven children will have developed ideas about money that will…
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“If you understand compound interest, you basically understand the universe.” (Robert Breault) Don’t be simple One of the best ways to understand compound interest is to know what it’s not — the appropriately named simple interest. This easy example illustrates the difference between the two. Mr X decides to invest in an account that pays…
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