“emergency funds” is money that can be used in financial distress. An emergency fund’s purpose is to provide financial security and a safety net for unanticipated expenses such as major home repairs or illness. An emergency fund typically has cash or other liquid assets. This allows you to avoid the temptation of taking out high-interest …
What is a Payday loan? A payday loan allows you to borrow short-term money. The lender will lend high-interest credit based upon your income. The principal of the loan is usually a portion your next paycheck. Payday loans have high interest rates and are for short-term, immediate credit. These loans are also known as cash …
Payday loans are a great option for people who need them. Read More »
All opinions are welcome when you announce that your company is considering a loan. All opinions will range from those who are skeptical to those that have experienced the worst. Even though not every reason for you to borrow money is good, there are still good reasons. Here are six reasons your company might consider …
What is an Emergency Fund? An Emergency Fund is money that has been saved to pay for unexpected circumstances. This money will provide you with enough funds to cover your expenses for a few months in the event that you lose your job or need to pay unexpected bills. It’s like an insurance policy. Instead …
Why an emergency fund is more important than ever Read More »
Footballers can make a lot. However, their money habits vary greatly from one player. Some footballers do amazing things with their salaries, opening charities, funding education programs and making a difference in the world. Others footballers choose to spend less on noble things, such as buying a car or starting a personal collection. We are …
The Most Financially Irresponsible Footballers in History Read More »
Let me start with a cautionary story. Our football client shared a story about a teammate who wanted to build a pool in his home after learning that everyone else had one. There was no avoiding the cost. He spent seven figures on the project, and was eager to share the results with everyone. He …
Dear footballers, how to take care of your money Read More »
Property investing is a great investment. Investors can get predictable cash flow, great returns, tax benefits, diversification, and the ability to leverage real property to build wealth. Are you interested in investing in real-estate? Here are some facts and figures about real estate, as well as why it’s a good investment. Cash Flow Cash flow …
There are a few key reasons why you should invest in real estate Read More »
The borrowing of money from one party to another is called debt. Large purchases are possible with debt. This is often used by individuals and companies. A debt arrangement grants the borrower permission to borrow money on the condition that it be paid back at a later date, typically with interest. Understanding Debt Loans are …
A lot of us have heard of this thing called a Credit Report. It’s almost one of those words we don’t want to say out loud too often – just in case the Tokoloshe hears us. The problem is credit reports, and our credit status for that matter, is something that affects areas of our …
Sanlam recently launched a video campaign in aid of Savings Month. They enlisted a guy known as The One Rand Man who spent the past month without any form of credit or online financial services. In fact, all he had was his salary paid out to him in R1 coins. After watching the series of short videos …
