When the South Easter blows and crime and politics depress you, you may be excused for becoming restless. You may start to wonder if you could stomach foreign cuisine for a while… You are not alone. Many South Africans are opting for working overseas for a period of time in order to secure a better income.
Your company has a pension scheme – a good one, you are told – and you have savings in the bank. However, people are living much longer these days – generally 30 years past retirement. And life keeps getting more expensive – inflation is outpacing the interest you receive on the savings in your bank account…
How is your credit rating determined? Your Credit Bureau score is calculated using a formula that evaluates how well or how badly you pay your bills, how much debt you carry and how all of that stacks up against other borrowers. The lower your scores, the less you stand a chance of obtaining a loan or other financing.
The recipe used by the majority of insurance companies is one which enables the agent (called a seller) to earn a commission for each policy sold. This is how they make their money so that they can eat. This commission is paid in differing amounts – the first helping is the biggest, followed by regular, smaller ones for the duration of the lifetime of your policy.