strategica_finance

Do you have a financial plan?

02-06 October marks financial planning week. Most people are still not convinced that they need a financial plan.

Here are the main pillars of a financial to show you how you can benefit from getting your own personalised financial plan.

Just like that the first half of the year has gone by. It's the start of a new month and given that it is July, We have officially begun the second half of the year.

A lot of people I'm sure are wondering where did the time go as they look back on the first half of the year.

When it comes to building a secure financial future, it's always important to start with the basics.

The first building block to taking control of your finances is a budget. Scroll though to see which budget for you and do better this time around. Enjoy the second half.

A Ponzi Scheme is an investment fraud that promises quick returns which are higher than normal. Ponzi scheme organisers often promise to invest your money and generate high returns with little to no risk. But in many Ponzi schemes, the fraudsters do not invest the money. Instead, they use it to pay those who invested earlier and may keep some for themselves....

How to Spot a Ponzi Scheme A Ponzi Scheme is an investment fraud that promises quick returns which are higher than normal. Ponzi scheme organisers often promise to invest your money and generate high returns with little to n…

Please join us as we engage in a casual talk discussing regulation and supervision of pension funds, Friday 14th April 2023.

On the 4th of April, the MPC increased the CBL Rate by 25 basis points. For everyone with prime-linked debt, this means that your loan instalment will be higher from this month. And while the increase might seem insignificant, it is best to know for sure that your budget will be able to handle this increment.

In this video, I show you how you can estimate the extra money that you are going to need on all your debt. You can find a template in the description to help you do this.

How to recalculate your loan instalment after interest rate change Hi everyone.This week we talk about how you can recalculate the instalment to charged on your prime-linked debt when the lending rate changes. This is import...

The MPC has increased the CBL Rate by 25 basis points yet again. This effectively increases the CBL Rate from 7.25% to 7.5% and the prime lending rate from 10.75% to 11.00%.

This means that for consumers with a prime-linked debt, their instalments will increase yet again.

For many, it might mean having to make some cuts in their budget just so they can accommodate this increase as well as the (seemingly) ever-increasing cost of living.

Hi everyone.

In this week's video we talk about over-indebtedness. We discuss:
1. What it means to be over-indebted
2. How people end up getting over-indebted thus how to avoid it
3. How to get out of being over-indebted

Let's talk about over-indebtedness Hi everyone. In this week's video we talk about over-indebtedness. We discuss:1. What it means to be over-indebted2. How people end up getting over-indebted ...

The Debt Snowball method is great if you need the motivation to get started on your journey to becoming debt free. When you knock out the first small debt, you become motivated to keep going.

When done right, you should be able to quickly gain momentum and crush your debt one at a time.

The next MPC meeting is scheduled for the 4th of April. Depending on inflation and other macro economic factors, the interest rates could increase yet again, remain the same, or contract.

Buckle up for MPC meeting on April 4th

Hi everyone

In this video we are talking about retirement savings products for people who are not a part of a formal retirement fund. This could be consultants, contractual workers, entrepreneurs, and anyone looking to save more for their retirement on their own.

Retirement planning is very important to ensure that we are financially secure in retirement and that we retire comfortably. If you are only getting started saving for your retirement but think it might be a bit late, don't worry, you can still make up for it. Yes, it may be expensive to catch up, but not impossible. If you are looking to catch up with your retirement savings we here is the link to the video where we were giving tips on how this can be done: https://youtu.be/7jiFiOyBlNk

Please remember to like, share, and subscribe.

Investing for retirement on your own Hi everyoneIn this video we are talking about retirement savings products for people who are not a part of a formal retirement fund. This could be consultant...

This is what is considered when your credit score is calculated.

To read an article we shared about this, click the link below:
https://strategicalesotho.wordpress.com/2023/01/12/5-things-that-affect-your-credit-score/

Hi everyone!

In this week's video we are talking about the difference between life insurance and funeral cover. The two covers are different; life insurance is meant to cater for the living expenses of those who are left behind when the person passes on while funeral cover is meant to cater for the funeral expenses.

Having multiple funeral cover policies as an "investment" is not very beneficial to those left behind in the long term. If you are looking to ensure that your family is well taken care of in your absence and to leave a legacy, then life insurance is the way to do it.

Life insurance vs funeral cover Hi everyone!In this week's video we are talking about the difference between life insurance and funeral cover. The two covers are different; life insurance i...

COVID-19 and the Russia-Ukraine war really did a number on us. It's hard to believe that on this day, the Central Bank Lending Rate is sitting at 7.25%, almost double what it was at the beginning of 2022. To say that we have gone through tough times would be an understatement. From the alcohol sale ban; to the ridiculous fuel prices, the even more ridiculous food prices, and loss of production, we should really be glad to at least still be alive....

What exactly is up with interest rates constantly going up these days? COVID-19 and the Russia-Ukraine war really did a number on us. It’s hard to believe that on this day, the Central Bank Lending Rate is sitting at 7.25%, almost double what it was at the begin…

Having a good credit score is very important especially if you intend on acquiring credit.

When you have a good score the interest rate that you are charged on loans is lower than what you would be charged if you had a low score.

Meaning that you save money as you will be paying a lower instalment.

Hi everyone

In this video we talk about what you can do to mitigate the effects of the high inflation that we are currently experiencing.

Please remember to like, share and comment.

How to survive the high inflation period Hi everyoneIn this video we talk about what you can do to mitigate the effects of the high inflation that we are currently experiencing.Please remember to li...

Investing in the stock market is a great way to build future wealth and work towards achieving your financial goals. Be that as it may, not everyone seems to have gotten on that bandwagon and the reason for this is most likely because of misinformation. Think about it. Do you have any investments? If you responded, "No" ask yourself why you have financial goals but no investments in place to help you achieve those goals....

Lets’s Debunk Some Investing Myths Investing in the stock market is a great way to build future wealth and work towards achieving your financial goals. Be that as it may, not everyone seems to have gotten on that bandwagon and the r…

Active or passive investing. Which one is for you?

Hi everyone

In this video we talk about the different options available to you in terms of your retirement benefits, when you leave your employer.

To watch the full video click the link below
https://youtu.be/rH00dlxTBVY

Strategica Wealth Managers on Instagram: "Hi everyone In this video we talk about the different options available to you in terms of your retirement benefits, when you leave your employer. To watch the full video head over to our bio for the link... Strategica Wealth Managers () on Instagram: "Hi everyone In this video we talk about the different options available to you in terms of your retirement benefits, when you leave your employer. To watch the full video head over to our bio for the link or click the link below https:/...

There are a lot of reasons why a lot of people do not partake in investing. And while some reasons may be valid, most times people do not invest because of incorrect information that they pick up.

There are various ways in which you could earn money from investing.

Depending on your preference, you could withdraw/spend the income or reinvest it as a means to grow or build your wealth. That's delayed gratification.

Picking an investment strategy is not always straightforward. Should you be looking to invest long term or looking to have an additional source of income? Growth investing is an investment style and strategy where an investor's aim is to increase the value of their capital. Contrarily, income investing is an investment strategy centred around structuring a portfolio mainly for the purpose of regular income....

Growth Investment vs Income investment Picking an investment strategy is not always straightforward. Should you be looking to invest long term or looking to have an additional source of income? Growth investing is an investment style an…