You no doubt know that planning for retirement from a young age gives you the best chance of achieving your financial goals for when you get there.
To really prepare adequately for retirement, you need to spend time now making some decisions. This will help you plan more effectively.
Let's take a closer look…
Work out your retirement budget
When you retire, the expenses you have n... ››› more
It's never too early to start financial planning. The earlier you do, the easier you'll find it to reach your financial goals.
So where should you start with financial planning?
Read on to find out…
Financial planning will help you reach your financial goals
Whatever your financial goals are, whether it’s to retire at 50 or pay off the bond on your house quickly, you need to put... ››› more
Whilst you may dream of investing in a share on the stock market that goes on to hit make you a 1,000% gain in a matter of months, chances are it's not going to happen.
Instead you should plan achievable financial goals and map out how you're going to get there. This is key to careful financial planning.
Let's take a closer look at how you can do this…
Draw up your financial goals
... ››› more
As soon as you begin working, you need to start planning for your financial future.
This includes making provisions for your retirement and for other unexpected events. You can do this through different kinds of investments and insurance.
What you should be doing at the moment depends on the stage in your financial life. This should help you determine how your money is working for you.
Le... ››› more
Do you want to preserve your capital and see a return on your nest egg for a specific financial goal in the future?
Maybe you're nearing retirement. Or perhaps you're saving up for a large expense, such as school fees for your children or a deposit to buy a home with.
If this is you, how can you use investing to help you achieve this?
Read on to find out…
Investing to pay for a fu... ››› more
Preparing for the future requires efficient financial planning. Most people lack financial planning skills and do not know how to save for the future.
Having a financial plan gives you options. It serves as a roadmap, guiding you towards financial freedom and helping you achieve your dreams.
How can you achieve financial freedom once and for all? Here's how to take control of you finances an... ››› more
Sitting down and setting investment goals is a great thing to do. But chances are you're being too optimistic with your goals. And this spells disaster. Read on to find out what you should be aiming for with your investment goals…
Realistic investment goals are vital
Thinking big is a mistake when it comes to making investment goals. It doesn’t work.
Chance are you’re going to fall sh... ››› more
Setting your long-term financial goals and putting your money to work is only the start of achieving your financial goals. So periodically, say once a year, you need to check you're on track. You don't want to get ten years down the line only to discover that your investments have been underperforming by a long shot. Read on to uncover how you can check your investments are performing…
The im... ››› more
It's getting closer to the end of the year and time to make your New Year resolutions. You should give these some thought and get ready to make them part of your investing strategy for 2014. Read on to uncover the two best financial resolutions for 2014…
This is the time of year when you might start thinking about your New Year’s resolutions, Alexander Green in Investment U explains...
Th... ››› more
It can take the average person years, if not decades, to learn (if ever) how to save, invest, minimise taxes and enjoy a measure of financial independence. Yet in a new study out of Texas Tech University in the States, Dr Michael Finke and his colleagues reveal that financial literacy actually worsens as we get older. The study shows that knowledge of basic concepts essential to effective money ma... ››› more
It can be very daunting trying to work out what you need to have stashed away for your retirement. You don't want to get to your golden years to find out that you didn't make enough provisions. Read on to find out how you can take charge of your retirement nest egg's future…
Retirement planning isn’t the easiest thing in the world to do. But it’s vital that you make the time to do it, as t... ››› more
To get your investing off to a successful start, it's vital you start with some financial planning. If you take the time to set some financial goals before you start, you'll be financially more successful over time. Read on to find out what you should do…
Before you put a cent in the stock market, you need to make sure that you do these two things first…
Pay off any short-term debt
... ››› more
Depending on your age, you'll have different financial goals. But one thing is certain, you need to know how you're going to achieve them if you're ever going to get there. By following these guidelines you'll be well on your way to realising your financial dreams…
Thinking about the future and what your financial requirements will be can be a daunting task. But it’s never going to get easie... ››› more
In today's uncertain financial environment, with faith in many of our trusted financial institutions shaken, it's getting harder to get your money to work aggressively for you. But by following these simple rules, you'll lower your risk and increase the chances of reaching your financial goals…
The market chaos we’ve seen over the last five years may have left you running in the opposite dir... ››› more
We all have good intentions about what we want to achieve with our finances and where we would like to see ourselves in the years ahead, but how many of us actually sit down and plan our financial goals? Not knowing where you want to be in five, ten, even 20 years' time is a mistake! After all, if you don't know where you want to go, you won't know what you need to do to get there. Here's how to k... ››› more
The credit boom is over! Thanks to the high levels of consumer debt out there, South Africa could be facing a credit crunch before the end of the year. Read on to discover three steps you can take now to prepare yourself and your finances for the upcoming credit crunch…. The credit crunch is coming, warns African Bank’s CEO, Leon Kirkinis.
Kirkinis believes we’re already into the beginnin... ››› more
Have you stepped away from the shopping centre with more than you intended to - again? Even though you know the economy's in bad shape and that you should be careful with how you spend money, chances are you still splurge when temptation strikes. Many people have a careless attitude about money. But if you don't change your mindshift now and reconsider your financial goals, you'll never be able to... ››› more
As an investor, you want to make money.
After all, the first rule about investing is to never ever lose money.
So you're disciplined about your money and investments. And you have good intentions but sometimes you make bad decisions.
Decisions that are wealth destroying. And it's really simple to stop making them…
That's why over the next three weeks, I'm going to share ‘Three wealth... ››› more
We're reaching that time of the year where most new year's resolutions are already broken and we start feeling despondent as February's just around the corner. But it's not too late to reconsider your financial goals for the year! Here are a few ways to get started … The Business Day Online reports that financial planners suggest putting together a calendar of everything you need to accomplish t... ››› more
Being just days into the new year, it's not too late to take a look at your finances and make changes to the way you've done them before to grow richer this year. Sure you can decide to save more money or cut down on unnecessary daily expenses you're your morning cappuccino, but the truth is we're less likely to stick to resolutions past March than we believe.
But if you're an investor there's... ››› more
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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.
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