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The past few months of lockdown have been extremely challenging and unsettling, and there are many feeling isolated and anxious. And it’s exactly this type of environment which can make it all too easy to lose sight of your financial plan and the choice of living by design as opposed to drifting.
We all know the economic impact of COVID-19 is greater than any event in the last 80 years. That is a fact. But the reality of dealing with this fact will be different for everybody.
The importance of savings and actively building financial security have been highlighted during the Covid-19 pandemic which has left many South Africans with high levels of household debt facing uncertain futures, says Old Mutual.
Experts worldwide have called it “a situation without precedent” and a “first in world history”. Everyone from the United Nations to WHO and TIME magazine have called it the most pressing and compelling fact of our generation: people are living longer but not necessarily better.
The strongest deterrent against FSP compliance missteps is or should be: