Saving enough money for retirement is a challenging task and our worst enemy is inflation. What you save today may very well be half its worth by the time you retire. Unless you earn an above average monthly salary, the chances that you will save enough money to retire comfortably while maintaining your current lifestyle are sadly low.
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Business insurance is important for all business owners, regardless of the size of your business. Whether you are running a small, family-owned business or a large corporation, the risk of financial loss is equally great and can be devastating.
Car insurance is one of the most important types of short-term insurance you can have because there is a certain degree of risk that comes with owning your own car. In this article, we discuss car insurance in South Africa, what it covers, and why you should have it.
Insuring your home is the most important thing you can do as a homeowner. This will protect you against major financial loss in the event of something happening to your home. We must first understand that anything is possible, and nobody is immune to natural disasters, crime, or other unforeseen events.
The purpose of insurance is to protect you from huge financial pressures as a result of some kind of loss. It could be loss of a loved one, your job, your physical abilities, your car, or your house. Either way, losing one or more of these things can incur tremendous costs.
When financial plans focus on a client’s personal goals instead of arbitrary benchmarks, it creates motivation and satisfaction. For these reasons, and because many investors appreciate the level of personalisation of goals-based financial planning, this approach is gaining popularity.
Goal setting is something we learn about in school and most people find the concept quite boring. However, when it comes to your personal finances, goal setting is one of the most important and useful activities you can do.
In this article, we take a look at the role a financial advisor plays in working towards and achieving financial independence in today’s difficult economic climate.
Financial independence can be defined and measured in many different ways. Defining it is important, but what’s more important is figuring out why you want it, how hard you must work for it, and how much you want to achieve it.
Unfortunately, debt does not simply dissolve after you die. In fact, everything you have left to your name after you pass could be used to settle outstanding debt. What’s worse, in addition to mourning your passing, your loved ones may be faced with paying your outstanding debt if you have not taken the necessary steps to protect them.
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