The short answer is much sooner than you think you will need it! The challenge is that a 20-year-old appears to be healthy and sees cover as a grudge purchase. Young people often think that they are invincible. In their case, accidents are the biggest cause of death and disability. Adults who are faced with their own mortality often wake up to the fact that they may also leave others behind!
Finance Articles
An inheritance well spent
After the heartache of losing her mother to a protracted battle with cancer, Claire had some difficult choices to make. What would be the wisest way to spend her inheritance? She was torn in two – should she pay off all her debts and carry on with life or honour her mother by doing something they had both dreamed of for years?
Where there is a (correctly formulated) Will there is a way for the bereaved
These have been dark days. During the pandemic that shall not be named (but starts with a C and ends in 19) it has been difficult to escape the uncomfortable introspection related to your mortality on this earthly plane. More people are becoming aware of the necessity of dealing with your last wishes before, well, that fateful final day.
SCAM: an illegal plan for making money, especially one that involves tricking people – Cambridge Dictionary
Why do scams survive, without changing much, other than minor details? Here I am again, talking about scams. However, I would like to take a more philosophical view this time. Let us look at how and why people get caught. Again. And (sometimes) again!
I want to state that scams illustrate parts of the Human Condition we may not be too proud of. Added to that the novel situation we find ourselves in with the Coronavirus and the unprecedented acceleration of the Fourth Industrial Revolution has made this worse.
Love and marriage go together like a horse and carriage…
According to a recent BBC Worklife article, divorce rates are rapidly increasing around the world – whether you live in China, Sweden, or the United Kingdom. This is true of South Africa as well. Since the already slow cogs of justice ground to a halt for months due to the hard lockdown level 5, South African courts face a backlog in the divorce courts, the likes of which has not been seen before.
Help! I need to draw more customers!
Many small business owners have felt the pinch (unless they are toilet paper suppliers) as customers seem to dwindle. You need customers, so that you can get the resources to invest in technology. Do not despair. There are some things you can do that are much cheaper than throwing the money you do not have into the dark…
Compared to the Joneses, how have you faired with managing your debt this season?
The season is turning. Winter is coming. Soon, your hollow-boned teenager will need a new winter school uniform. The world might have been brought to a standstill for months, but it did not stop your kids from growing taller. You may only need half a smart outfit and bunny slippers to conduct your zoom meetings but not so your kids – at least on alternate days.
Some musings on the new Tax strategy of SARS
How does a government increase its income without adding new taxes? After all, there are important local elections this year and reassuring the public that you REALLY will do your very utmost ‘bestest best’ NOT to pull the tax noose tighter, the Government needs more money.
Last Will and Testament: Will your will be done?
I used to be an avid follower of the Wizard of Id. This offbeat comic strip, set in the Middle Ages, appeared in the Sunday Paper. One particular strip bears relevance to this topic. A peasant woman, cradling her cat, approaches the overlord’s official. She says to him; ‘I want to leave my fortune to my cat’. He questions her, saying what you own is not a fortune. Her answer: ‘it is to a cat’.
Money in the bank
South Africans love to hate their banks. Many consider the banking industry to be aloof and hate the long queues that causes acute and a sudden onset of FOMO (Fear Of Missing Out in Generation Z speak). Luckily the banks know this. Many are developing digital platforms as a solution.