Market Trends

This week I would like to look at the financial trends of the past few years.  With the onset of the recession unemployment has risen to 6.5% in the United States. As the old adage goes, “When Wall Street sneezes; the rest of the world catches a cold.” So what happens...

Tax 2014

The budget came out at the end of February this year and this year was an especially hard one for Finance Minister Pravin Gordhan South Africa has been devalued by the global credit rating agencies and with our GDP sitting at 1.9%, Gordhan cannot be seen as being too...

Your snowball

Previously I wrote about good and bad debt and this week I want to look at cumulative interest. Compound interest is the strongest force in nature, according to Albert Einstein. How can it be so powerful? How does it work? Take a set of twins for example; Mary saves...
Debt – good or bad?

Debt – good or bad?

Credit seems to be a great solution to get you out of debt but it can be a vicious cycle and difficult to manage. Once one is in debt, unless it is properly managed, it can often get worse and getting out of debt can be a difficult task. There is good and bad debt....