Calling Innovators, Your Chance To Disrupt Financial Services

Published: 3rd November 2015
I’m taking part in a campaign called the Pathfinders Challenge by Standard Bank. For this campaign I’ve been asked to blog about my experiences as an entrepreneur, what it’s been like to start a business and any advice I have to share with all of you. Before I do that, let me take a moment to tell you about this competition though because it’s a good one! The Pathfinders Challenge is a website that allows people to submit innovative ideas that will benefit the customer of the future. By “customer”, I’m referring to people who belong to a bank or financial service and the concept resolves around people offering up ideas on...

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The Awethu Project

Published: 2nd November 2015
I remember the moment when I decided to become an entrepreneur, it feels like it was just yesterday. What an incredible feeling and now when I look back I can easily tell that I was always meant to be an entrepreneur and the decision I made was the correct one. I'm not the most knowledgeable person when it comes to economics and politics, but I listen to the radio, I read the news and I do my best to stay abreast. Our country has unemployment problems and we need to address these problems with an attitude of the sooner the better. One of our partners told us ...

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Innovative risk policies by Momentum

Published: 13th October 2015
If you know me, you'll know that I love statistics and I've come across some new ones. The Association for Savings and Investments South Africa (ASISA) announced that during 2014, only 5 million new individual risk policies to cover the likes of death, disability and critical illness were taken out. During 2013, 5.3 million were taken out showing a decrease of 6%. Did you know that the gap between existing risk cover and actual insurance needs is R24 trillion. Considering that less people are taking out policies is therefore quite a concern as this gap is increasing. What's scarier is that it's estimated that 1 in 10 people will suffer from cancer before the age of 65 and 1 in 2 before the age of 85. The statistics just don't line up - less people are taking out policies yet more people ar...

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Productive Sundays

Published: 8th October 2015
I'm always looking for ways to balance my life and ensure that I get enough time away from work, but also don't fall behind work. So today I decided to write down a few things that I try to do every Sunday before I start the week ahead. #1 Do Something On Your Own During the week I'm interacting continually with people at work and in the evenings I spent time with my wife, our pets, family and friends. This means that I get very little time alone and I've found that this usually only happens really late at night which isn't ideal. So on Sunday's I try to spend a bit of time alone, this could be working in the garden, watching something on television or just sitting in the sun enjoying the peace and quiet. I don't feel that this needs to be a long period of time, but ...

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More on longevity cover

Published: 6th October 2015
Last week I chatted to you all about longevity, how people are living longer and how that potentially effects us in terms of preserving our wealth and cover in the long run. To summarise, people these days are living longer than ever before and because of this we have to account for additional costs simply because there are more years to deal with and people are effectively outliving their capital. This is a reality and one that needs to be addressed, without making provision for the additional years that we're alive, we're going to fall short and struggle right at the end. Finally, last week I introduced you to Momentum's longevity benefit which provides you with additional pay-outs, on top of...

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Trading shares with Easy Equities

Published: 3rd October 2015
I've blogged countless times on here about investing and trading. This morning I want to tell you about a relatively new trading platform that I've overlooked and I think it's worth blogging about. I've been trading with PSG Online for a number of years and although the fees are high, their educational resources make it worthwhile. With that being said, one thing that has always been a problem is that the fees make it difficult to experiment - if you're not familiar to trading I should mention that most brokers charge a minimum fee for making a trade. In other words, even if you only want to purchase 1 or 2 shares of a stock you're going to pay around R99 for that purchase and this fee essentially makes it pointless to buy shares in such small quantities. What does that mean? Quite simpl...

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People are living longer, longevity protection!

Published: 29th September 2015
I read an incredibly interesting article this weekend about longevity and wanted to share some really interesting facts that I pulled from the article, facts that you probably didn't know: By 2055 there will be more people over the age of 60 than people under the age of 15. Sub-Sahara Africa is the only place across the globe that still has high levels of child bearing. In the next 10 years, half of European's population will be older than 50. On the other hand, Africa is set to be the youngest population in the world. Child bearing has slowed considerably in China and India, but has increased in Africa. The larger younger demographic in Africa has incredible advantages provided the younger generation is educated correctly. ...

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Momentum Myriad’s new income protection products (Part 2)

Published: 22nd September 2015
Last week I introduced you to 4 new products that Momentum Myriad has launched as part of their new income protection products range: Income Enhancer Benefit, Complete Family Protector Benefit, Complete Functional Protector Benefit and the Annual Income Commutation Option. These are only 4 of the 8 products that Momentum Myriad has to offer so today we're going to look at the other 4 products. The most interesting benefit for me this week is the #1 Business Protector (Self Employed), which as you guessed it, is for self employed people. As a business owner you can appreciate why this benefit rings home with me. Truth be told, Momentum Myriad has always had ...

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Momentum Myriad’s new income protection products

Published: 17th September 2015
Last week we investigated income protection and this week I need to tell you about some of the new products that are available to you. As you know, I've been working with Momentum to create some education around critical illness cover and income protection, and although the education side is important it's a bit pointless if I don't now go through some of the products that are available to you. Not too long ago I started to see people posting updates on Facebook and Twitter saying that mountain biking is the new golf. It's quite amusing but it's actually rather true. Everyone seems to be jumping on a mountain bike and finding their way up the mountain to look at the beautiful views. I even o...

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Investigating Income Protection

Published: 10th September 2015
Over the past several weeks I've been working with Momentum to create awareness about critical illness cover and income protection. I've even written about the difference between them and this week I would like to cover income protection a little bit more because it's something that I personally buy into. I've been told that there are two primary reasons why people don't protect their income, the first is that it's too expensive and the second is that of a lack understanding. Momentum went on to explain to be that 80% of their clients do not insure 100% of their income through income protection benefits. What catches my attention is that as humans when all is going well we think it will always stay like that so why spend money getting protection? For those who do understand that it's im...

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