Towards the end of every year, it is customary to reassess our priorities, take stock of the year that was, and plan for the year to come. The emergence of the 2020 Coronavirus pandemic and global lockdowns disrupted our daily routine and our lifestyle altogether, throwing most plans and resolutions out the window! Does that...
Step 3: Take Control and Cover Your Bases
The last critical step, is to protect yourself where possible from unforeseen financial events. The points listed below will be expanded on in subsequent newsletters and posts but as far as possible make sure you pay attention to the following: Protect against Expenses I realise this sounds obvious but I am particularly guilty of this....
Part 2: Secure Multiple Income Streams
One of the things that clearly differentiated those clients that struggled the most during the aftermath of the Covid pandemic and the associated lockdowns from those that weathered the chaos better, is that those with more than one income stream coped much more easily than those that didn’t. Having more than one income in a...
Part 1: Start or Top-Up your EMERGENCY FUND
This is a savings account or investment account that has a minimum of 3 but preferably 6 months of your household expenses saved in it. If you don’t currently have one, start one NOW. If you didn’t previously see the value of it, I’m sure 2020 has opened your eyes to the value of having...
