debt Archives -

Your greatest financial risk is not financial; it is physics!

Over the years as we have chatted to clients about financial planning we have settled down to the “big 5” risks that everyone faces and the resulting financial (and emotional) risks that they present to the person and their family. Simply put, these are (in no order of importance): Dying too soon Living too long …

Thanks to the regulators!

Just finished reading a book called the Money Secret by Rob Parsons. There is no real secret – mostly it is just good old common sense with the bottom line being that your income needs to be greater than your expenses…but what was interesting is that it is a book written from a UK perspective …

Ignorance is not bliss!

There are many reasons that people get into debt, usually they can be categorised into one of the following three: Ignorance, Indulgence, or Poor Planning Debt is often the symptom of some “other” issues but that is the subject for another post. In this post I want to look at the first category: ignorance. This …

Unbelievable – is this a disaster in the making?

A total of 10.75 million consumers are in arrears, according to the Credit Bureau Monitor for the fourth quarter of 2009 – an increase of 160,000 from the previous quarter. I read this yesterday and it seemed too bad to be true so I did some investigating and found the actual report http://www.ncr.org.za/publications/Credit_Monitor/CB%20Monitor%20-%20December%202009%20Q.pdf .It is …

Dilbert on Finance

The Dilbert cartoonist, Scott Adams, earned a MBA from Berkeley, worked at a bank (got held up twice at gunpoint), and is worth millions. So we presume he knows a thing or two about money. In an interview with the Akron Beacon Journal, Adams says he read about a dozen personal finance books and began working …

The Financial Coach

Your greatest financial risk is not financial; it is physics!

Thanks to the regulators!

Ignorance is not bliss!

Unbelievable – is this a disaster in the making?

Dilbert on Finance