If you were forced to retire tomorrow, would you be able to retire comfortably? This month, we discuss how spending a little bit more today can help you save more in future for retirement. Let’s unpack how far your savings will bring you during retirement by using the following example. Bear in mind that the…
Introducing your children to finance
Preparing your children to create a successful financial future is one of the most valuable principles you could teach them from a young age. In the spirit of Youth Month, we discuss some key personal finance principles to help educate your children. There are many examples of children from wealthy families that are not financially…
The cost of financial emigration
This month we explore the true cost of financial emigration, including other factors to bear in mind before considering this complex and expensive process. In the past, South Africans who worked abroad for more than 183 days were exempt from paying income tax on foreign earnings. However, since 01 March 2021 expat tax came into…
Have you changed any of these habits? How you can reduce your life cover premium
Life cover premiums are determined by insurers by taking into account your qualifications, smoking habits, age and other factors. There are however, a number of factors within your control to reduce your premium. We unpack the actions you can take to reduce your life cover premiums. If any of the following factors change in your…
ARE YOU CONSIDERING BUYING A HOME? THESE ARE THE HOME INSURANCE PRODUCTS YOU NEED
When it comes to protecting your home, there are multiple insurance products you can have in place, each designed to cover specific aspects of your property. This month we look at important considerations for each type of insurance. Your home is most probably your most expensive asset, so it makes sense to have as much…
Why your parents should not cancel their life policies
If your retired parents are considering cancelling their life cover policies, do not let them without discussing an alternative option first. We unpack how you can benefit from becoming the premium payer on your parents’ life policies. When most individuals reach a stage in their lives when all their debt is paid, their children are…
Your financial life stage guide for 2022
At the start of a new year most people experience a renewed sense of motivation for setting goals and priorities to be achieved in the next 12 months. These goals and priorities should mainly be structured according to one’s new life stage about to be entered or planning on entering in the near future. Financial…
2021 Wrap Up
The WMD team would like to thank each one of our clients for your continued support during the past year. We appreciate your contribution to a successful 2021 for WMD – thank you! We want to end off the year with a few highlights we as a business experienced this year: …
Your ultimate investment strategy for 2022
Covid-19 and global lockdowns experienced the past two years have had a massive impact on all facets of life, including investments, and has shaped the way of doing things in a post-pandemic world. We breakdown the most important investment lessons from 2021 and unpack next year’s anticipated investment trends for you to implement in your…
Are you receiving the maximum benefit from your financial advisor?
Most of us consult experts in their fields when it comes to our health, fitness or careers, but do you follow the same approach when it comes to your finances? A financial advisor should fulfil the role of financial consultant to help guide you on your financial journey. Your financial advisor should offer counsel based…