There is a lot that is unsettling about the world right now. War. Cost of living increases. Rising interest rates. Economic slowdown. Political uncertainty. Currency fallouts. Financial market declines.
How to we conserve our energy during these times?
Multiple events have presented this year that threaten our financial security. It has been particularly brutal for our investments, to the extent that even safe investments like bonds have let us down.
What is our response, or more accurately, what should our response be?
I have been watching people grapple with big life decisions. Should I accept that disappointing offer on my property? Should I move closer to my children? Should I walk away from my life’s work because my values have changed? Should I end my long-term relationship?
It has been interesting to see how people engage with these decisions.
If we want to thrive in this country, we must get perspective. It is not perfect elsewhere. Our problems are not absolute, they are relative to the same problems elsewhere or different problems in other parts of the world.
One of the most surprising discoveries in financial planning, has been observing how people react to unexpected financial hardship. The unexpectedness of the change is often as hard to come to terms with as the actual hardship.
A change in financial situation often coincides with life transitions. When it becomes apparent that someone must scale down their standard of living, the reactions vary widely.
The media plays a significant role in how you experience your own life. But are you perhaps living a reported experience rather than your own present experience? Perhaps it is time to re-evaluate whose voice and experience you are listening to.
August is women’s month in South Africa. It will be a month where we will see much advice given to women on how to improve their financial security. It will be good advice, well-intended. But it is advice that is symptomatic. We need to be looking at the root.
Have you ever noticed the exact order of your actions when brushing your teeth? And have you ever tried to change this routine without conscious thought?
How about your routine money beliefs, and how is this behaviour harming you?
A well-managed portfolio or bank account does not protect us from disaster. We are not financially secure because we have those in place. Yes, knowing our numbers helps - for many reasons - but it doesn’t stave off the impact of a disaster. So where then should our financial security comes from?
Death is a certain event. However, the financial planning for death is often plagued by difficulties. Why? For the simple reason that a will is not actually signed. Understanding the procrastination behind an unsigned will may help you take the step and sign it.
Mothering can feel like an endless giving. And too often, a role that becomes self-sacrificial. While we can appreciate the gesture behind Mother’s Day, perhaps we need to ask ourselves what the day really means? Read more.
At the beginning of every year the financial press spend an extraordinary amount of energy on forecasting what the financial year ahead looks like. These are at best, wild guesses. And they come with a price. Read more.
The weather has never been more important or more deserving of our attention. That is, if we want to survive as a species. Climate change is increasingly real and increasingly the responsibility of not only corporates but individuals too. And it also impacts our money. Read more.