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The financial realities for most South Africans are tough. The majority of the country’s income earners are simply trying to make ends meet. Most are living from day-to-day and not making any provision for families to cope with living expenses such as debt repayments, home loans, school fees, groceries, etc. if the primary income earner was to become critically ill, disabled, or was no longer there to support them.
While you may hope that the worst won’t happen to you, relying on hope to protect your financial security is risky. The increasing cost of long-term insurance may seem like a financial burden, especially in tough economic times, but the potential cost of not having cover is so much higher. These real life stories demonstrate just how important financial planning is to your future wellbeing.
Headaches are a common occurrence for most of us, especially given our high-pressured, fast-paced lives. However, not much thought is given when we suffer one of these, other than us looking for that quick fix. We look for the closest pill we can take and we want it to provide the quickest relief, allowing us to get back to our daily grind. However, when a headache is coupled with nausea and vomiting this could be symptomatic of something far more dangerous – it could be a warning sign that you have a brain tumour.
Dreaming of taking a year off work to go cycling across Europe? Or completing that course in interior design you’ve been putting off? More and more people are opting for a mid-career ‘gap year’ to pursue other interests or reskill themselves to start afresh. But having a bold adventure comes with some financial risks and it is crucial to put proper financial plans in place before taking time out from the rat race.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?