For a while it’s been interesting to watch how this played out, even more so now that my mobile contract has come up for renewal and I’ve had a bit of time to consider my options and do some maths. The results have shown some pretty major cost savings that may easily apply to you
After years of advising wealthy individuals, I have always been surprised by how much more positive my wealthier clients are than those who are of average or below-average wealth. I used to attribute their positive outlook to the fact that they had money to solve any potential problems but as I got to find out more about these clients, I realised I was wrong.
White collar, corporate sector jobs are generally more desirable than those in the blue collar reality of manufacturing or agriculture. Plus they pay considerably more, but not everybody is that lucky. If you’re feeling negative about your job today, this article is bound to make your deskjob seem like a carnival.
Whether your family is poor or fabulously wealthy, children need to understand the value of money from an early age. Without a real time commitment to charity and some prolonged exposure to the harsher realities of life, wealthy children are unlikely to develop a sense of responsibility that should accompany their wealth. A sense of entitlement combined with a lack of real responsibilities is enough to destabilise the nicest children.
The combination of a low interest rate environment and an ingrained reluctance amongst investors to finance consumption out of capital is resulting in many South Africans searching for yield producing investments in order to fund their lifestyles. According to Wilhelm Hertzog, portfolio manager of RE:CM, this tactic is dangerous, as chasing yield bring about significant risk for investors.
Global property has been a hot topic over the past couple of months. Interest in the asset class has not only been driven by stellar returns, but also by the attractiveness of global valuations relative to that of its local counterpart. In this article we will firstly look at the returns that the sector has produced over the past couple of years. Secondly, we will look at the attractiveness of local property vs. global property by looking at some valuations. And finally, we will look at some of the benefits of investing in global… [Read more]
There are currently 19.69m active credit consumers, of which 53.1% are considered to be in good standing. However, research undertaken by the Credit Bureau Association on a sample of 600 000 affected consumers revealed that 64% of these consumers who benefited from the amnesty entered into new credit agreements and 74% of the individuals who obtained credit had bad (3+) or adverse accounts.