Unveiling the Underlying Concerns: 5 Reasons Why People Lack Trust in Financial Advisors
Sheldon M Botes
by Sheldon Botes
1y ago
Introduction Establishing trust is the bedrock of a successful advisory relationship. Trustworthy advisors embrace the responsibility of guiding you through various financial decisions over the long term. By understanding and addressing the concern people have about using an advisor, you can better foster a relationship on mutual understanding and shared objectives. 1. Lack of Transparency One reason people battle to trust financial advisors is a lack of transparency. Some advisors may not fully disclose their fees or potential conflicts of interest, leaving clients feeling uncertain about the ..read more
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5 Key Strategies to Thrive in a Rapidly Changing World
Sheldon M Botes
by Sheldon Botes
1y ago
Introduction In an era of constant change and evolving landscapes, adaptability has become an indispensable skill for navigating the complexities of the modern world. The ability to adjust, learn, and embrace new challenges is what sets individuals apart in their personal and professional lives. In this article, we will explore five powerful strategies that will enable you to thrive amidst shifting circumstances. 1. Adopt a Growth Mindset Adopting a growth mindset means believing in your ability to learn and develop new skills. Embrace challenges as opportunities for growth rather than obsta ..read more
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Cracking the Political Code: 5 Ways to Spot Corporate Power Games
Sheldon M Botes
by Sheldon Botes
1y ago
Introduction If you are a corporate professional, chances are you have come across at least one individual playing the political game to advance their careers or gain favour within an organisation. While not always easy to detect, there are several signs one can look out for. Here are five signs that someone may be engaged in political maneuvering… 1. Lack of Transparency Professionals who play the political game often withhold important information or manipulate it to suit their agenda. They may selectively share information with certain individuals or intentionally keep others in the dark ..read more
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4 practical ways South Africans can reduce their electricity consumption
Sheldon M Botes
by Sheldon Botes
1y ago
Introduction When it comes to personal finance, electricity can be a significant expense in one’s monthly budget. Adopting practical strategies to reduce electricity usage can help reduce expenses in your budget. In this article, we will explore four effective ways to reduce electricity consumption without sacrificing comfort or convenience. 1. Energy-efficient Lighting One of the simplest and most impactful ways to reduce electricity consumption is by switching to energy-efficient lighting options. Replace traditional incandescent bulbs with energy-saving LED bulbs, which use significantly ..read more
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Will Artificial Intelligence (AI) replace financial advisors?
Sheldon M Botes
by Sheldon Botes
1y ago
Introduction The use of artificial intelligence in the personal finance space is a widely-debated topic. And while it holds immense potential when it comes to automating several aspects of financial advice, the role of human financial advisors cannot be understated. Let’s explore. 1. Complex decision-making Financial planning requires careful consideration and attention to detail. While AI systems have revolutionised the way we process large amounts of data and identify patterns, they may not be the best choice for more nuanced and complex situations. Human advisors offer a personal touch th ..read more
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4 ways to manage your home loan amidst rising interest rates
Sheldon M Botes
by Sheldon Botes
1y ago
Introduction With interest rates rising, homeowners are battling to manage their home loan repayments in this challenging financial landscape. In this article, we’ll cover topics such as budgeting correctly, prioritising payments, refinancing, and more. So, whether you’re a first-time homeowner or an experienced investor knowing these tips could make all the difference in ensuring your bond stays manageable long-term. 1. Make a budget to track your expenses and help you know exactly how much you can afford As much as we all want to enjoy our hard-earned money, it’s important to stay on top o ..read more
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How I got a Samsung 4K Smart TV worth R8499 for R779 on Black Friday.
Sheldon M Botes
by Sheldon Botes
1y ago
Introduction The financial advisor in me gets concerned on Black Friday because I know how recklessly people spend. This isn’t to say Black Friday is bad. In fact, it can be a great time to buy quality items on sale that you had BUDGETED to buy full price. This, however, requires ignoring the hype, planning, and spending intelligently. Let me illustrate this by explaining how I bought a new a new TV for R779 on Black Friday. The Process 1. Save ahead of time Financially astute people avoid impulse buying and save for big purchases. As such, my wife and I saved and set aside money for a ..read more
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How I got a Samsung 4K Smart TV worth R8499 for R779 on Black Friday.
Sheldon M Botes
by Sheldon Botes
1y ago
Introduction The financial advisor in me gets concerned on Black Friday because I know how recklessly people spend. This isn’t to say Black Friday is bad. In fact, it can be a great time to buy quality items on sale that you had BUDGETED to buy full price. This, however, requires ignoring the hype, planning, and spending intelligently. Let me illustrate this by explaining how I bought a new a new TV for R779 on Black Friday. The Process 1. Save ahead of time Financially astute people avoid impulse buying and save for big purchases. As such, my wife and I saved and set aside money for a ..read more
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4 Truths about Hustle & Hardwork
Sheldon M Botes
by Sheldon Botes
3y ago
Introduction One of the biggest buzzwords around business and entrepreneurship is ‘Hustle’. Heck, I have used the word on more than one occasion. It’s one of those words that gets you fired up to take action and perform. It feels really good to say you’re a ‘hustler’. There is something thuggish and rebellious about it. It feels like you are walking in slow-motion in a suit with a steely expression on your face, backlit by a massive explosion as the word HUSTLER boldly appears at the top of the screen. It implies you are taking names and getting sh*t done. But, unfortunately, with the hype aro ..read more
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Income protection: Why is it necessary?
Sheldon M Botes
by Sheldon Botes
3y ago
Introduction Many people believe that the greatest asset you possess is your ability to earn an income. The reason is that the work you are able to do and the decisions you make regarding your money, career, and investments, etc. determine the amount of income you are able to generate which then determines the lifestyle you are able to have. So, if the ability to earn an income is your greatest asset, then why is it not seen as a priority to protect? Most of us have insurance to protect our cars, so why don’t we protect our income the same way? Think about it like this, if you were to lose you ..read more
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