123 Consulting

The dangers of single-spouse financial planning

The ability of families and retired couples to plan effectively to protect their financial future can be hampered when just one person is entirely responsible for all financial matters. Our team routinely consults with clients who are surprised—or even bewildered—when they find themselves to be the surviving spouse following a partner’s death. Particularly with the […]

Build your emergency safety net fund today

Ask any trapeze artist, and they’ll tell you that a safety net is a non-negotiable part of flying high. While few of us are circus performers, an emergency savings fund is still one of the most important requirements for our peace of mind and financial stability. Life has a way of throwing curveballs.  Whether it’s […]

Why Honesty Is the Best Policy When Dealing with Your Financial Advisor

The foundation of any relationship with a financial advisor is built on trust and transparency. Clients are expected to share intimate details about their financial lives, similar to how one would discuss health issues with a doctor. This level of openness ensures that advisors can provide tailored advice that accurately reflects the client’s financial health […]

Essential Financial Lessons Every Parent Should Pass Down

It’s true; financial literacy is as crucial as academic education, and many of us find ourselves reflecting on the lessons we wish were imparted by our parents. Growing up in South Africa, where economic challenges and opportunities coexist, understanding money management from an early age could have set a solid foundation for personal financial success. […]

What is the Difference Between a Business Consultant and an Advisor?

In South Africa, where businesses often face unique challenges and opportunities, the roles of business consultants and advisors are often crucial. Both consultants and advisors provide strategic advice, but their approaches, areas of expertise, and the nature of their engagement with clients can differ significantly. Business consultant: Strategic expertise and specialised solutions Business consultants in […]

Tempted to use AI as a personal finance assistant? Limitations and risk factors to consider.

Artificial Intelligence (AI) has revolutionised numerous industries, including personal finance. With AI chatbots providing real-time, human-like responses to queries, one might be tempted to fully entrust their financial management to these digital assistants. However, while AI offers undeniable benefits, it’s essential to understand its limitations, particularly when dealing with sensitive areas such as personal finance. […]

Avoid the long-term implications of skipping a bond repayment.

Are you feeling the financial pinch? You’re not alone. Many South Africans are finding it increasingly difficult to meet their credit obligations. The cost of living is on the rise, disposable incomes are shrinking, and servicing debt has become a significant challenge. Homeowners are feeling the strain too, with financial institutions noting a surge in […]

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