Can you afford to retire comfortably? Most people nearing retirement are haunted by this question.
When it comes to retirement planning, it's important to take time to familiarize yourself with what this period will mean for you, financially speaking.
After all those years you've dedicated time and energy into your work, retirement is the time to finally enjoy a comfortable, stress-free lif... ››› more
The holidays are almost here and that means the spending frenzy is well on its way. Retailers will go out of their way to make their special offers more enticing and convince customers to shop like there is no tomorrow.
The question is what will you do? Will you give retailers and marketers satisfaction? Will you shop ‘til you drop or will you be more responsible and protect your savings from... ››› more
Do you feel stuck in debt? With every purchase you make, do you get sink deeper and deeper into debt? Then it's time to take action and work on paying off your debt as quickly as possible.
While it may take years to completely pay off your debt, it's highly advisable that you take action starting now, instead of postponing it to an unknown future date.
Here is how to pay off your debt strate... ››› more
In a down or uncertain economy, the smartest thing you can do is reduce debt in all areas of your life. Paying off your mortgage loan sooner is one of the best things you can do for your financial future.
On the road to financial freedom, you're going to have to make a few sacrifices. Paying off your mortgage sooner will be worth the trouble, since the psychological and financial rewards of be... ››› more
We all do it. Wasting money on purchases we don't really need, that is.
Impulse and emotional purchases play a large role in our bad spending habits. Acknowledging our money mistakes is the first step towards building a more secure financial future.
What are the most foolish and most avoidable bad purchases we make on a daily basis?
1. (Unused) Gym memberships
Congratulations to y... ››› more
If you're looking to emulate the success of the world's wealthiest individuals, where can you start?
Recent research points to four key factors that the world's millionaires share.
So what are these key points?
Read on to find out and how you can apply them to help you build your wealth…
The four secrets behind the world’s wealthiest people
Many of the world’s wealthiest we... ››› more
Are you already working on your New Year's resolutions? The start of a new year is the perfect time to set new goals for yourself and get rid of old habits that are slowly but surely damaging your health.
The dawn of a new year is also the time when you need to reconsider your financial situation. If you've been struggling to save more in the past, but have failed to do so, you can make it your... ››› more
Do you dream of owning your own business and being your own boss?
For many people this is something they crave. But it takes certain traits to be a successful business person. And it requires investment. Not just money, but your time too.
So if owning your own business is what you're striving to achieve, how are you going to get there?
Read on to uncover six tips to starting and running y... ››› more
We all know the secret to investing in property is ‘using other people's money'.
Whether it be money from friends and family, as investors, or the money the bank borrows from you. It's ‘other people's money' that allows you to buy more property than you would've on your own - Locking in growth and a steady income stream from day one.
Now obviously we all don't have ‘investors' to join ... ››› more
In March, you can start to take advantage of tax-free savings accounts. The move by the National Treasury is to encourage South Africans to save.
So how should you use your tax-free savings to your advantage? And should it form part of your retirement planning?
Let's take a closer look…
How tax-free savings accounts work
In four months’ time, you’ll be able to invest into your... ››› more
Planning on having Christmas on a budget this year? It can be quite frustrating to stay within the budget during the shopping frenzy of the holiday season, when everyone is busy spending money.
In order not to go overboard with your holiday spending, implement some sound personal finance tips.
1. Trim your Christmas gift list
If your Christmas gift list includes many members of the ext... ››› more
Retiring early is every busy worker's dream. You may love your job, but that doesn't mean you can't secretly dream of retiring early.
The biggest concern when it comes to retiring early is saving up enough money. Since we all have plenty of financial problems on a daily basis and we hardly ever have any money to spare, most often saving for retirement is not one of our priorities.
Don’t let... ››› more
Everyone can fall victim to credit card scams. Knowing how to protect yourself and watching out for potential threats can make it much more difficult for scammers to take control of your credit card account.
Don't think that it can't happen to you. Because it can. And Christmas is that time of year when credit card fraud is at its peak.
Here are a few ways you can protect your credit cards fr... ››› more
Christmas is on its way and so the shopping frenzy begins! As exciting as this time of the year may be, it's also one of the costliest. If you have a big family and tons of presents to buy, you're likely to go bankrupt before Christmas even begins!
If money is an issue this festive season, there are various ways to reduce your expenses and enjoy Christmas without going overboard with your spend... ››› more
How much should you save for retirement? This question is on everyone's mind sooner or later.
You should perform a reality check on a regular basis before retirement, to make sure you are on the right track.
Most financial experts recommend that you save between 10 and 15 percent of your current income for retirement.
It’s important to set certain targets and milestones when to reasse... ››› more
Disclaimer Note that FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found in this publication.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this newsletter. However they have signed restraints to prevent the abuse of their position as contributors to this publication.