Know Your Money with Bronwyn Waner and Craig Finch

Send us Fan Mail Ready to unravel the mysteries of the proposed two-pot system launching in March 2024? We've got you covered in this episode as we dissect how this new system could shift the landscape of private pensions and retirement annuities. We take a magnifying glass to the "three-pot system", breaking down the intricate roles of the vested pot, the two-thirds, and the saving...

Send us Fan Mail Have you ever considered the potential of insuring your greatest asset - your capacity to earn? Don't gloss over this episode of Know Your Money where we navigate the underappreciated subject of insurance, particularly for young adults in their 20s. We shine a lens on the fundamental role of insurance in securing your financial future, emphasizing not just life cover, but the...

Send us Fan Mail Ever wondered why severe illness cover and capital disability cover are crucial financial tools to safeguard your future? Let's dig deeper. In this enlightening conversation, we, Craig and Warren, along with our guest, throw light on how these two types of covers can offer financial aid during trying times of severe illness or disability. We discuss their working, what they c...

Send us Fan Mail Ever wonder why we make the financial choices we do? This week, we're taking a deep dive into the fascinating psychology behind our financial decisions. Unraveling the complex web of cognitive, emotional, and social factors that come into play, we shed light on why each of us perceives and manages money in unique ways. From the emotional rollercoaster that often accompanies s...

Send us Fan Mail Are you puzzled by the jargon of living annuities and how they work? Then you've landed on the right episode. We're joined by our expert guest, Craig, who will guide us through the maze of retirement annuities, or RAs, and how they mature into a living annuity. With Craig's expert insights, we demystify this complex financial concept, discussing how to select a pens...

Send us Fan Mail Ever been hit with a hefty bill after medical treatment, despite being on medical aid? Ever wondered what "gap cover" really means for your finances? As your hosts, we unravel the often confusing concept of gap cover and how it relates to your medical aid plan. We shed light on the intricacies of gap cover, explaining how it steps in to save the day when your medical aid...

Send us Fan Mail What happens to your money and your children when you die without a will? On today's episode of Know Your Money, we tackle this heavy topic, debunking the myth that the government will take all your money if you don't have a will and explaining how the law of intestate succession works to ensure that your assets go to the right people. We also discuss the importance of n...

Send us Fan Mail Are you tired of feeling overwhelmed and stressed about your finances? We've been there too! That's why we're sharing our personal experiences with money mindset changes and how understanding ourselves and reflecting on our habits can help improve our relationship with money. It's time to see the power of making small changes, like replacing "should"...

Send us Fan Mail Do you ever feel like there's never enough money, or perhaps just enough to get by? What if we told you that exploring your money mindset can lead to a more balanced and fulfilling financial life? In this thought-provoking episode, we discuss the three common money mindsets: never enough, just enough, and more than enough. We share our personal experiences and insights on how...

Send us Fan Mail In this episode we share one of the books that have inspired us in our practice. 10% of all you earn is yours to keep – to help grow your money. We hope these skills and insights can help you to save and create more wealth and abundance in your life. Support the show Please subscribe to our podcast or have a look at our website  www.growthfp.co.za

Send us Fan Mail The income you earn is one of the most important assets you have. If something where to happen to you, you want to know you are sufficiently covered without becoming a financial burdenon your loved ones.  In this episode we discuss what income protection is, the importance of it and why we think it’s vital to have. Support the show Please subscribe to our podcast or have a look at...

Send us Fan Mail What do you do when an emergency comes up and you don’t have a planned envelope? This is a learning curve, and it teaches you what your next bucket must be. Having the unexpected envelope (with a limit to it) helps you manage your finances until you have a bucket for that unexpected event. Support the show Please subscribe to our podcast or have a look at our website  www.growthfp...

Send us Fan Mail A correct beneficiary nomination is one of the most critical steps in financial planning. Life policies and certain investments allow for a beneficiary nomination. An incorrect beneficiary nomination could impact your estate and may even cause issues in your family if not updated. We discuss the various implications. Support the show Please subscribe to our podcast or have a look...

Send us Fan Mail In this Episode we give you a glimpse of what our client meetings are like.  Each client meeting will be slightly different, but the foundations will always remain the same. We believe in holistic financial planning and addressing all the important aspects of financial planning.   Support the show Please subscribe to our podcast or have a look at our website  www.growthfp.co.za

Send us Fan Mail Everything including investing has its ups and downs. In this episode we discuss how preparation is key and how to prepare for each season. If you can keep in mind that the seasons may change this will help you stay investedthrough good and difficult times. Support the show Please subscribe to our podcast or have a look at our website  www.growthfp.co.za

Send us Fan Mail Psychology plays a big part in the way we may or may not invest. Fear and greed can negatively impact your investment goals. In this episode we bring to light how this can impact your investing. Support the show Please subscribe to our podcast or have a look at our website  www.growthfp.co.za

Send us Fan Mail What is a Ponzi scheme and how can you avoid this scam. It can be described as robbing Peter to pay Paul. If it sounds too good to be true, then it is! We discuss what warning signs to look out for. Support the show Please subscribe to our podcast or have a look at our website  www.growthfp.co.za

Send us Fan Mail In this episode we discuss the different elements of money and how certain elements may be blocked or more difficult for you to manage. Our relationship with ourselves impacts our relationship with money. Support the show Please subscribe to our podcast or have a look at our website  www.growthfp.co.za

Send us Fan Mail Do you know what interest rate you are being charged on your credit card? Most people don’t know. We tend to see the credit card limit as our money and an emergency fund, and we don’t see how this impacts our future self. Support the show Please subscribe to our podcast or have a look at our website  www.growthfp.co.za

Send us Fan Mail In this episode we explain how your money is taxed in a bank savings or a money market account.  The amount you can hold in a bank savings, or a money market account without paying tax will depend on: 1.Your interest exemption bracket.( Under 65 years of age is R23 800 over 65 years of age is R34 500). 2.The interest you earn. To calculate the the value of the investment until you...

Send us Fan Mail If you have a mental block about analysing your budget, we suggest that you implement a system of ‘financial buckets’ to assist with setting boundaries.  When using buckets, you divide assets into separate buckets based on periods of time. Those time horizons and the number of buckets can be flexible.   By putting boundaries in place, you become accountable in the moment rather th...

Send us Fan Mail Money is an energy it constantly needs to flow. You need to be a part of redirecting the flow when certain debit orders stop. If you can do this, you can redirect the funds your budget has been used to paying into new goals. Do you know when your debit orders/subscriptions are coming to an end? Take note and move these debit orders to savings goals. Support the show Please subscri...

Send us Fan Mail If you add additional contributions to your Access bond what effect does this have on your overall home loan. Is an Access bond a good or a bad thing? This depends on how you use it and how disciplined you are. Support the show Please subscribe to our podcast or have a look at our website  www.growthfp.co.za

Send us Fan Mail Purchasing a home can be over whelming. The interest you pay and how long you pay it dramatically impacts the overall cost of your home. Paying it off quicker or increasing your monthly payments can reduce these costs. You need to think of the costs over the long term not just today. Support the show Please subscribe to our podcast or have a look at our website  www.growthfp.co.za

Send us Fan Mail “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn't … pays it.” Albert Einstein Compound interest is like a snowball at the top of a mountain, the longer the mountain the bigger the snowball will be at the end. We hope this episode helps you to understand compound interest a little bit better, so you can manage your money. Su...