The Problem With Money

The biggest problem surrounding money is the lack of knowledge on how to spend and save it!

This is a topic that lies very close to home as it is such valuable knowledge that can literally save you years of heartache, stress and grief.

Schools force learners to take a subject called Life Orientation for their entire school career and insist on teaching pupils skills they’ll never use. Why are we not taking the valuable time we are forcing students to sit down and listen, to teach actual life skills!

Why aren’t we teaching tax in schools? Why aren’t we teaching budgeting, wealth creation and smart financial decision making in schools? We live in a poverty stricken first world country and no one is standing up and helping to grow a new, educated, money savvy generation.

Wealth is a success vehicle that can and should be created as soon as possible. There is no such thing as “later” or “I’m too young”. Parents don’t talk to their children about money and because of that kids grow up to be adults who don’t know what a good salary is, don’t know how to prepare for inflation and don’t have enough to ever retire. The uneducated poverty stricken cycle thus continues.

Let’s make a change! Let’s talk about money, because if you don’t, the next generation won’t either.

Why Freelancers NEED risk cover

There is always a debate on the financial needs of freelancers in South Africa. Do you need insurance cover? Do you need medical aid? The most difficult question though is, “Can I afford it?”

Freelancers are often met with irregular incomes as jobs fluctuate according to the job market at the time. Due to this insecurity of income you tend to cut out any recurring expenses, more often than not those that help secure your health, future and finances.

The more important question would be, “Can I afford not to have insurance?” As a freelancer you don’t have income security so wouldn’t it be wise to protect the income that you do have? On top of this dilemma you face another problem staring straight at you – you are your own and only means of income. What does this mean?

This means that you are your own biggest asset. You are crucial to your own income and if you, for whatever reason, cannot pitch up for work, you have no income. Unlike most conventional jobs, no one else can do your job for you because this would just mean that you have been replaced. This also means that you cannot afford to get sick or take any “off” days.

Let’s say you get in an accident, or become unable to work due to illness or disability, where would your income come from if you are your only means of income and you are unable to work?

That is why it is imperative for freelancers to take out self-insurance as the former is simply too risky. Can you afford to risk it all? To let fate decide the future of your family or home?

Any business would surely take out the highest insurance on their biggest asset to secure their jobs, employees and their families. If you are a walking, talking business in your own right, wouldn’t you do the same?

With a disability and income protector policy in place you can protect your income in times where you cannot predict your health. Don’t look at life insurance as a sales scheme, but rather as a solution to an ever increasing list of financial demands weighing on your shoulders.