compound interest
While young and in the process of building wealth, it is essential to protect one’s greatest asset – your income. Your income allows you to service your debt, maintain your standard of living and fund for your retirement years.
Investment markets are by nature volatile and accepting short-term fluctuations is an investment fundamental. Markets move in cycles through peaks and troughs and, as an investor, you need to be emotionally prepared to confront this reality without becoming fearful.
Teaching children the magic of compound interest can be fun and memorable, and requires shifting the child’s focus from short-term to long-term goals.
Choosing a school for your child has multiple, long-term cost implications for you as a parent. School fees aside, there are a number of other costs and considerations that should be taken into account – bearing in mind that your
According to Beth Kobliner, author of the award-winning book ‘Get a Financial Life’, children as young as 3 years old can grasp basic financial concepts such as saving and spending. And a report by Cambridge University revealed that children’s money
Buying branded clothing and shoes does not guarantee a better quality product, and spending your hard-earned money to prove to others that you can afford to buy branded clothing is counter-intuitive. If you’re wearing branded clothing but haven’t started saving,
