Money is more than just a tool for transactions; it\’s an emotional force intertwined with our identities, values, and sense of self-worth. Our money story is a tapestry of beliefs and experiences that shape our financial behaviours and attitudes. By exploring different elements of our money story, we can better understand our emotional connection to …
Embarking on and sticking to your investment journey requires a solid understanding of financial principles and an appreciation for the emotional roller coaster that comes with it. Asset allocation, a crucial component of investing, is about striking the right balance between risk and reward to achieve your financial goals. As you consider different allocations, it\’s …
This is the ancient tale of how interest rates change and the forces that shape their destiny. Once upon a time, in the land of economic stability, the ever-changing interest rates kept weaving tales of prosperity and struggle. Central banks, the guardians of monetary stability, navigated the twists and turns of economic indicators, seeking the …
Read more “A short (not too boring) story about interest rates”
The rise of over-indebtedness is a growing concern not only locally but also for individuals across the globe. Legal action and bad credit records due to non-payment can have serious consequences on people\’s financial well-being. In 2022, consumers in South Africa failed to honour a collective debt of R2.8 billion. Similarly, other countries have been …
In the current economic climate, a growing number of individuals are experiencing financial strain due to the escalating cost of living and rising interest rates. As a result, many are looking for ways to reduce their expenses in order to maintain a balanced budget. Insurance premiums, often perceived as an expendable cost, are among the …
Discussing finances can be a daunting task, especially when emotions run high. It\’s important to remember that there\’s a human element behind every financial decision – our dreams, fears, and values. Nancy Kline is an American-born author, business consultant, and personal development coach. She is best known for her Time to Think methodology, which emphasises …
In lifestyle financial planning, striking the right balance between empathy and codependency is essential to building healthy relationships while maintaining personal well-being. A recent tweet by Dr Nicole LePera (@Theholisticpsyc) highlighted the differences between empathy and codependency. Empathy means understanding a person\’s feelings and being able to put ourselves in their shoes. In the context …
Financial planning can be a daunting task, and it\’s common for people to make mistakes as they navigate the complex world of personal finance. In this blog post, we\’ll discuss some common financial planning mistakes that many individuals make, as identified by FinTwit contributor Jason Friedman. By learning about these pitfalls and how to avoid …
Our mindset is crucial to our financial success. Dealing with our money can quickly become an obsessive task; either focusing solely on the amount we\’re lacking or missing, or becoming obsessed with saving and storing up, we can sometimes do more harm than good. This is why mindset plays a significant role in how we …
Personal financial planning has become critical in shaping our lives and determining our future. However, many of us need help to make the right decisions and achieve our financial goals. The key to overcoming these challenges lies in harnessing and leveraging our strengths to create a life of our own design. By understanding and embracing …