Finances

Ending well – the importance of choosing a competent executor

Copyright: jetrel / 123RF Stock Photo by Jeffrey Wiseman The author, Jim George, once said, “it’s not how you start that’s important, but how you finish”, a statement that applies to so many aspects of life. At Momentum, we believe … Continue reading

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True Story

By Paul Leonard CFP® Here is a true story of a happy 70 year old retiree whom we will call Fred. Fred retired in 2004 at the age of 61 with R3million in his pension fund and asked my colleague … Continue reading

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Lifestyle vs Investment Assets – asset rich and cash poor

By Paul Leonard CFP One should differentiate between lifestyle assets and investment assets.   In the series of books by Robert Kiyosaki of Rich Dad, Poor Dad fame, he defines an asset in Rich Dad language as something that generates a … Continue reading

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Increasing the longevity of a lifestyle – true story

By Paul Leonard CFP Johan and Reinette had an underfunded retirement and could only sustain their modest lifestyle until Johan’s aged 80, yet both of their families tend to live longer than that. To get the money to last longer … Continue reading

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Asset rich but Cash poor estate

By Paul Leonard CFP George retired about 15 years ago and bought a very nice sea facing house in a small town along the coastline.    Back then he spent R500,000.   Today that same house must be worth about R3 Million. … Continue reading

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Holiday homes and estate planning – Asset rich but Cash poor estate

By Paul Leonard CFP If you have a second home, such as a holiday home, it may have a number of hidden liabilities in the context of estate planning.   Many South Africans might be asset rich but cash poor. Without … Continue reading

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