Welcome to the Santam Insure your Future money boot camp with Maya Fisher-French and Mapalo Makhu.  In the last two episodes we looked at saving and investing for those goals we want to achieve during our working years. But at some point, we want to kick back and retire, or at least have choices about whether we want to continue to work or not.  One of the massive challenges of retirement funding is that we are living way past our retirement age. Some companies have a retirement age of 60 and given that many people are expected to live to nearly 90 years old – that is 30 years of retirement you need to fund. There are only really two ways to do this: either you start from your first paycheque and put away about 18% of your salary, or you defer retirement to age 65. But even then, you probably need to be putting away at least 15% of your salary from the age of 25 to be able to retire comfortably. Most people find they must supplement their retirement income in some way and next episode we will look at more detail around strategies at retirement, but in this podcast we discuss “how much is enough”, the importance of settling debt before retirement, how to go about investing for retirement and the various investment products.  In this podcast we also explain the implementation of the Two Pot retirement system and how that is going to affect retirement outcomes.

Welcome to the Santam Insure Your Future Money Bootcamp with Maya Fisher-French and Mapalo Makhu. This series is designed to guide you through essential financial topics, helping you make informed decisions for a secure future.  Last episode we focused on saving for shorter-term goals, but what about those medium to longer-term goals like your child’s tertiary education in ten years or time, or leaving your child a legacy? Maybe you want to start your own business one day? How do you start? The episode begins with the importance of setting clear and achievable financial goals, providing a practical example of calculating future education costs, illustrating how inflation can significantly impact the amount you need to save. One of the key takeaways is the distinction between interest and growth. While interest is a guaranteed return from a bank, growth involves investing in assets that increase in value over time. They highlight the benefits of investing in unit trusts and exchange-traded funds (ETFs) as effective ways to achieve capital growth. A significant portion of the episode is dedicated to the advantages of tax-free savings accounts (TFSAs). Introduced in 2015, TFSAs offer a tax-efficient way to save and invest. Maya and Mapalo explain how TFSAs can be used for various financial goals, including saving for your child's education and supplementing your retirement fund. They stress the importance of viewing TFSAs as long-term investment vehicles rather than regular savings accounts. The hosts also explore the opportunities and benefits of investing offshore. They discuss how local funds can invest on your behalf overseas, providing exposure to global markets. For those looking to build assets outside South Africa, they recommend starting with local companies that offer offshore investment products. Maya and Mapalo caution against the use of endowment products for education savings. They argue that these products often come with high fees and tax implications that may not be beneficial for most investors. Instead, they advocate for simple, low-cost investment options like TFSAs and unit trusts. Join Maya and Mapalo for an enlightening discussion that will help you secure your financial future.

Welcome to the Santam Insure Your Future Money Bootcamp with Maya Fisher-French and Mapalo Makhu. This series is designed to guide you through essential financial topics, helping you make informed decisions for a secure future.  In this episode we help listeners give up the debt dependency by having a savings plan. We look at why we save and what goals we should be saving towards. We also delve into the concept of an emergency fund—why it's essential and how to build it. Contrary to popular belief, a credit card is not an emergency fund!  We discuss practical strategies for setting up an emergency fund and the benefits of having a financial cushion for unexpected expenses. We look at the different type of accounts to use for your emergency fund and debate whether you should use your mortgage as part of your financial buffer.  We explain how to save for school fees and those daily school expenses as well as how to help your parents build a home without taking on debt. By anticipating these costs and saving in advance, you can avoid the stress of last-minute financial scrambles.

As we mark National Wills Week, there's no better time to address the importance of having a properly drafted will.  In the latest episode of our podcast, Maya Fisher-French sits down with Deenisha Nadesan, Executive Director of Estates at Capital Legacy, to discuss the common pitfalls people encounter when drafting their wills and how to avoid them.  This is not just a matter of legal formalities; it's about ensuring that your hard-earned assets are distributed according to your wishes, thus preventing family disputes and financial ruin.  Marriage contracts are a significant area of concern. Many people don't understand how their marriage contract affects their will.  Misunderstandings here can lead to complications and unintended consequences, such as one spouse inadvertently receiving more than intended. Another critical issue is the witnessing of wills.  According to Nadesan, a will must be signed by the testator and witnessed by two competent witnesses who are present simultaneously. These witnesses cannot be beneficiaries or their spouses, a detail that often trips people up and can render a will invalid. Property inheritance is another complex area. Many people wish to leave their property to their children but don't consider the practicalities. For example, minors can technically own property, but they can't manage it. This can be solved by setting up a testamentary trust to manage the property until the child is of age. Additionally, if a property is left to multiple children, it can lead to disputes over maintenance costs, selling decisions, and more.  Then there's the matter of pensions. Many mistakenly believe their pension forms part of their will. However, pensions are governed by the Pension Funds Act, and the trustees of the pension fund make the final decision on who benefits. This underscores the importance of understanding what assets fall under your will and which do not.  The costs of winding up an estate can also be eye-watering. From executor fees to estate duty and even capital gains tax, the financial burden can be significant. Therefore, it’s essential to ensure there’s enough liquidity in your estate to cover these costs, either through life cover or other means.  In conclusion, while free wills or DIY templates might seem like a quick fix, they often lead to more problems than they solve. Consulting with a fiduciary expert can save your family a lot of heartache and financial strain. As Nadesan aptly put it, “What's worse than having no will is having a will that's not properly drafted.” So, take this National Wills Week as an opportunity to get your affairs in order. Your future self—and your family—will thank you. This podcast was sponsored by Capital Legacy.

Welcome to Life Behind the Numbers, a Discovery Life podcast series where we delve into the trends driving insurance claims and explore how this data can help us improve health outcomes. In this episode of Life Behind the Numbers, host Maya Fisher-French speaks with Gareth Friedlander, Deputy Chief Executive of Discovery Life, and Daniel Stoch, Senior Manager of Market Analytics and R&D. They delve into Discovery Life's shared value insurance model, discussing how it benefits members by promoting healthier lifestyles and offering financial rewards. They also explore the sustainability of the model, the proactive claims initiative, and how life cover can supplement retirement savings. Tune in to learn how comprehensive life insurance can protect you and adapt to your changing needs. This podcast series was sponsored by Discovery Life

Welcome to the Santam Insure Your Future Money Bootcamp with Maya Fisher-French and Mapalo Makhu. This series is designed to guide you through essential financial topics, helping you make informed decisions for a secure future.  In our last episode we spoke about life and risk cover – this is insurance that pays out if something goes wrong with our health or we pass away. But equally important is health insurance to help pay those medical bills. And it is not just about doctor visits but also if we end up in hospital or require chronic treatment. Sadly, in South Africa we cannot necessarily rely on government health options, so most people use the private sector which means having some kind of health cover. In this podcast we are joined by Mbali Khumalo of Simeka Health to help guide listeners on how to select the best medical option for their needs. We get past the jargon and explain the concepts of hospital plans, comprehensive medical scheme cover, gap cover and medical insurance. We look at the costs and benefits of each and what makes the most financial sense. By the end of this podcast you will be informed!

In this podcast discussion Old Mutual Investments Chief economist Johann Els explains why he believes we could see the rand strengthen to R14/R15 to the USD.  He explains how a softer US dollar, combined with better growth prospects in emerging economies, could lead to a stronger rand. This is particularly relevant for investors looking to balance their portfolios. Els discusses his overall economic outlook and the potential of economic growth. Given the current economic climate, Els suggests that local investments offer better returns and lower risks and why one should be overweight in South African investments as opposed to offshore investments.  We discuss the broader economic outlook for South Africa. With a focus on private sector growth, improved fiscal policies, and potential upgrades in investment grade ratings, there are several reasons to be optimistic about the country's economic future.

Welcome to the Santam Insure Your Future Money Bootcamp with Maya Fisher-French and Mapalo Makhu. This series is designed to guide you through essential financial topics, helping you make informed decisions for a secure future.  Risk cover can feel like a grudge purchase, especially when budgets are tight, it is also not as exciting as investing, yet it is one of the most important aspects of your financial plan. Very few people understand the various risk products such as income protection and critical illness so in this episode, we are joined by Johann Steyn, a certified financial planner at Rainmaker BlueStar by Sanlam who provides outstanding insight into the cover you do need, and what you don’t need. Johann explains the necessity of a proper financial plan to determine the right amount of life cover, taking into account factors like debt, education costs, and income replacement. He also discusses the differences in insurance needs based on age and life stage, highlighting that younger individuals might prioritise income protection over life cover. The conversation covers various types of risk cover, including critical illness, disability cover, and income protection, and the importance of understanding employee benefits. Johann sheds light on the complexities of premium patterns and the significance of planning for long-term affordability. For those nearing retirement or facing high premiums, Johann offers strategies to manage costs, such as converting life cover policies or adjusting coverage based on changing needs. This episode is packed with valuable information to help you navigate the intricacies of life cover and ensure your financial plan is robust and comprehensive.

Welcome to Life Behind the Numbers, a Discovery Life podcast series where we delve into the trends driving insurance claims and explore how this data can help us improve health outcomes. While many risks are beyond our control, there are steps we can take to mitigate them. By adopting proactive and healthier lifestyles, we can reduce the incidence of severe diseases and even mortality.  In this episode, we explore the significant impact of health screenings on severe illness claims, particularly cancer. Maya is joined by Discovery Life Deputy Chief Executive Gareth Friedlander and Chief Medical Officer Dr. Maritha van der Walt who shed light on the correlation between screening and claims, highlighting the dramatic drop in screenings during the COVID-19 pandemic and the subsequent rise in late-stage cancer diagnoses.  We also delve into the broader implications of these findings for life insurance and the substantial increase in payouts under Discovery Life's living benefits, such as severe illness, disability, and income protection, which in 2023 exceeded death benefit payouts. As a result, Discovery Life has responded by investing heavily in screening initiatives, leading to a notable increase in early-stage cancer diagnoses in 2023.  For more information on preventative screening go to https://www.discovery.co.za/medical-aid/screening-and-prevention-cover This podcast series was sponsored by Discovery Life

Welcome to the Money Bootcamp with Maya Fisher-French and Mapalo Makhu. This is a series of podcasts that you can follow to help create your own money journey. We share our experiences in working with individuals who turned their finances around in just six months. In this episode, we tackle the issue of managing excessive debt, especially in the face of rising interest rates and inflation. Many people are struggling to meet their debt repayments, and we are here to offer practical solutions and insights to help you regain control of your finances. We explain concepts like the snowball method, how to have a conversation with your creditors, and the pros and cons of debt consolidation. We also explain debt review, how it works and what to watch out for. By making small sacrifices and reallocating funds, you can make a substantial dent in your debt. Don't forget to download our budgeting and credit agreement templates to help you on your journey to financial freedom

Inflation is a term we hear often, especially when discussing the economy and our personal finances. But have you ever wondered how it's calculated and why it sometimes feels like your expenses are rising faster than the official inflation rate? In our latest podcast episode, I am joined by Sanisha Packirisamy, Economist at Momentum Investments to help unpack the intricacies of inflation calculation in South Africa, shedding light on some common misconceptions. One of the key points discussed is the concept of the Consumer Price Index (CPI) basket. This basket represents a range of goods and services that the average household consumes, and its prices are tracked over time to calculate the inflation rate. However, as our guest Sanisha explains, this basket is reweighted every five years to reflect changes in consumer habits. For instance, items like DVD players have been replaced by more relevant products like smartphones and streaming services.   Sanisha also touches on the "owner's equivalent rent," a term that might seem confusing at first. Essentially, it estimates what homeowners would pay if they were renting their own homes. This figure is crucial for calculating housing costs within the CPI basket. Interestingly, due to the soft housing market in recent years, rental inflation has been lower than overall inflation, which affects the average inflation rate.   The episode also explores how different income groups experience inflation differently. Lower-income households spend a larger portion of their income on necessities like food and public transport, making them more sensitive to price increases in these areas. In contrast, higher-income households might spend more on services and luxury goods, which can distort their perception of inflation.   Behavioral biases also play a role. For example, we tend to notice price changes in items we purchase frequently, like groceries and fuel, more than in items we buy less often, like electronics or cars. This can make us feel like inflation is higher than it actually is.   Moreover, the podcast delves into the impact of global events like the Covid-19 pandemic and geopolitical conflicts on inflation. These events can cause sudden spikes in prices for essential goods, further complicating our understanding of inflation.   So why does the official inflation rate often seem out of sync with our personal experiences? The answer lies in the complexity of the CPI basket and the various factors influencing it. By understanding these nuances, we can better grasp why our bills might not always align with the official figures.   Tune into our latest episode to get a comprehensive understanding of how inflation is calculated and why it might not always match your personal experience. Whether you're an economist or just someone trying to make sense of your monthly expenses, this episode offers valuable insights that you won't want to miss.

Welcome to the Santam Insure Your Future Money Bootcamp with Maya Fisher-French and Mapalo Makhu. In previous episodes we have focused on budgeting and living within your means, but at some stage everyone will need to access credit. But how do you do that in a responsible and sustainable manner?  We begin with a cautionary tale from Thato, one of our mentees, who illustrates how easily consumer debt can accumulate. From small loans and credit cards to store accounts, many find themselves in financial turmoil without realising how they got there. Thato's story serves as a reminder of the importance of understanding the true cost of debt and making informed decisions. We explore the concept of good versus bad debt, providing practical examples such as using a loan for education or a car versus funding a lifestyle you can't afford. Maya and Mapalo discuss the emotional aspects tied to borrowing and how to avoid the pitfalls of succumbing to tempting offers from banks and credit providers. We also delve into the mechanics of credit cards, the myths surrounding the interest-free period, and the importance of paying off your balance in full each month. Mapalo shares a poignant story of a client who fell into the trap of using credit to fit in socially, highlighting the emotional triggers that can lead to poor financial decisions. For those looking to build a credit record responsibly, we offer actionable advice on how to do so without falling into debt. From setting realistic credit limits to understanding the impact of your banking behaviour on your credit score, we cover all the bases. We wrap up with a discussion on car finance, including the dangers of balloon payments and the long-term financial commitment they entail. Maya shares insights from her experience on how to negotiate better terms and avoid unnecessary fees, ensuring you make the most financially sound decision possible. Join us for this comprehensive guide to borrowing wisely, and don’t forget to complete the credit agreement worksheet available in this link. Your journey to financial freedom starts with understanding and managing your debt effectively.

Welcome to Life Behind the Numbers, a Discovery Life podcast series where we delve into the latest claim statistics with experts from Discovery Life. In this episode, we explore the fascinating concept of insuring yourself in a hard currency like US dollars. Maya is joined by Discovery Life's Deputy Chief Executive Gareth Friedlander and Head of Market Analytics and R&D, Kashmeera Kanji, to discuss the benefits and mechanics of the Dollar Life Plan. Discover why South Africans are increasingly opting for life cover that pays out in US dollars and how this can serve as a hedge against currency fluctuations and depreciation.  We explain how the cover works, when it is appropriate and why, even if premiums are paid in rands, all benefits are paid internationally.  The episode also covers the practicalities of managing premium costs, the innovative exchange rate protector feature, and how you can diversify your life insurance portfolio with offshore options. Whether you have family abroad, liabilities offshore, or simply want to protect your wealth, this episode provides valuable insights into the advantages of dollar-denominated life insurance. For more information you can go to https://www.discovery.co.za/life-insurance/personal-cover-in-dollars This podcast was sponsored by Discovery Life

Welcome to the Santam Insure Your Future Money Bootcamp with Mapalo Makhu and Maya Fisher-French.  In this, the third episode in the series, we delve into the financial intricacies of making major purchases, specifically focusing on buying a home and a car.  We are joined by Tshiamo, one of our mentees from last year, who shares her eye-opening experience of unexpected costs when purchasing property. From transfer duties and bond initiation fees to the often-overlooked levies and municipal rates, buying a home involves more than just the deposit.  We discuss the emotional aspects of home buying, recounting personal stories and offering strategies to manage these significant financial commitments.  The episode transitions to the topic of buying a car, stressing the importance of affordability beyond just the monthly instalments. We explain why we advocate for buying second-hand cars, sharing our personal experiences and tips for ensuring you get the best deal without compromising on quality or financial stability. Join us as we explore these essential financial topics and share practical advice to help you navigate your money journey. You can access the worksheets under Resources

With SARS announcing the opening of tax season on 15 July, it's crucial to understand the complexities of filing tax returns and how to maximise any tax breaks. Joining us to unpack this topic is tax expert Andre Bothma and Poobalan Govender, Acting Head of Old Mutual Rewards, who will explain how Old Mutual Rewards members qualify for discounted rates when using digital tax assistant TaxTim. In this podcast Andre Bothma provides essential insights on who should file a tax return and the importance of timely submissions to avoid penalties. He also clarifies the auto assessment process by SARS and the importance of verifying these assessments to ensure all income and deductions are accurately reported.  Andre highlights common mistakes people make, such as failing to declare additional income or not keeping a logbook for travel deductions. He also reminds taxpayers of the various deductions available to individuals, such as retirement annuity contributions, travel allowances, and donations to public benefit organisations. Poobalan Govender introduces the partnership between Old Mutual Rewards and TaxTim, a digital tax assistant designed to simplify the tax filing process. Members of Old Mutual Rewards can access substantial discounts on TaxTim services, making professional tax assistance affordable and accessible.  Poobalan explains the various membership tiers and the corresponding discounts available. Andre also shares his perspective on when to use a digital service like TaxTim versus seeking personalised assistance from a tax practitioner, especially for complex tax situations or future tax planning.  Don't leave your tax return to the last minute. Use the resources available, such as TaxTim, to ensure your tax return is accurate and submitted on time. If your tax situation is complex, consider consulting a tax specialist. This podcast was sponsored by Old Mutual Rewards

Are you ready to take control of your financial future? The Santam Insure Your Future Money Bootcamp is here to guide you through a transformative journey that will help you understand and master your finances. Hosted by Maya Fisher-French and Mapalo Makhu, this podcast series is designed to help you build a solid financial foundation, no matter where you are on your money journey.   In the second episode of the Santam Insure Your Future Money Bootcamp, Mapalo and Maya dive into the topic of budgeting and how taking control of your day-to-day spending can significantly reduce financial anxiety. With real-life anecdotes and practical advice, this episode is a must-listen for anyone looking to gain financial clarity and peace of mind.   Listeners will hear from Thato, who shares how her anxiety around money diminished once she created a budget, and the story of Pam, who discovered she had more money than she realised once she started tracking her expenses. The episode also features a conversation with Sbongile, a mentee from last year’s cohort, who transformed her financial habits and mindset through budgeting.   Mapalo and Maya discuss different budgeting approaches, including zero-based budgeting and the 50/30/20 rule, emphasising the importance of finding a method that works for your unique lifestyle and financial situation. They also explore the concept of a survival budget and how it can provide a safety net during financial shocks.   Whether you're new to budgeting or looking to refine your financial strategy, this episode offers valuable insights and practical steps to help you take control of your finances. Download the budget template from our resource page and start tracking your expenses today. Share your experiences with us by sending a voice note to 062-174-0145.

Welcome to "Life behind the Numbers," a Discovery Life podcast series.  Host, Maya Fisher-French, together with experts from Discovery Life, delve into the latest trends from Discovery Life claims research, highlighting the need for both physical and financial protection against various risks. In this episode, we tackle a topic often overlooked: the importance of child cover and the financial implications of unexpected events affecting our children. Joined by Kashmeera Kanji, Head of Market Analytics and R&D, and Sylvia Steyn, Head of Claims and Servicing, we explore how child insurance can protect against the high costs associated with severe childhood illnesses whilst providing for education costs.  Kashmeera and Sylvia share insights on the hidden costs that medical schemes don't cover, such as taking time off work, home adaptations, and special schooling. We discuss real-life examples, like claims for childhood cancers, and the benefits of automatic child severe illness and parent care benefits. We also examine the significance of protecting your child's educational future and how Discovery Life's Global Family Coverage and the Global Education Protector benefit ensure that your child's education is funded, even if you are no longer able to provide for it.  Sylvia highlights the unique University Funder benefit, which rewards parents for engaging in Vitality by contributing to their child's education costs. Finally, we explore the importance of diversifying risk cover, including options for overseas education through the Discovery Dollar Life Plan and the Dollar Global Education Protector. These plans offer higher limits and cover the comprehensive costs of international education, providing peace of mind for parents. To learn more about how comprehensive life insurance can protect you and your family, visit the "Covering What You Care About" section on the Discovery Magazine Smart Money Hub at Discovery.co.za. You'll find a wealth of resources to strengthen your financial footing. For more details on Discovery Life's full range of cover benefits, speak directly to a Discovery certified financial advisor.  

Created by consumer financial journalist Maya Fisher-French and financial coach Mapalo Makhu, the Santam Insure your Future Money Bootcamp is a podcast designed to help you create your own financial money journey. In this special series, we bring you the transformative journey of financial education. Over the next six months, through 13 episodes, we will guide you step-by-step on how to take control of your finances. The podcasts will be realised every second week and you can follow the various steps of the money bootcamp with access to the documents and spreadsheets discussed in this podcast which you can fill in as you go along the journey by clicking on this link  In this introductory episode, we delve into the relationship between money and emotions. We discuss the fundamental importance of understanding your emotional connection to money as the first step in your financial journey. We share personal anecdotes and insights from our experiences working with individuals who have undergone significant financial transformations. Listeners will learn about the various aspects of financial planning that will be covered in future episodes, including budgeting for daily expenses and major life events, managing healthy and unhealthy debt, distinguishing between saving and investing, and understanding life insurance, medical schemes, and retirement planning. Basically, we will cover all of those aspects that you need to put together your own financial plan This episode also features a compelling story from Andiswa, who shares how completing a money mindset questionnaire helped her and her husband understand their financial emotions and improve their communication about money. Complete the money mindset questionnaire available under Resources and share your insights.  

In this episode of My Money My Lifestyle, host Maya Fisher-French delves into the financial complexities of divorce with financial planner Kirsten Smit of Citadel Investments. They explore the alarming rise in divorces, particularly in the post-Covid era and among those over the age of 50. Kirsten shares insights on the financial upheaval that divorce brings, from splitting assets to managing two households, and the challenges women face during this transition. Listeners will gain a comprehensive understanding of the importance of knowing one’s marital regime and the critical need to understand the family’s financial landscape. Kirsten emphasises the necessity of having updated values for assets, understanding liabilities, and the significance of a detailed income statement. The discussion also touches on the often-overlooked expenses and the financial implications of maintaining a family home post-divorce. Whether you're contemplating divorce, in the midst of it, or simply want to safeguard your financial future, this episode offers invaluable advice on navigating the financial aspects of divorce. Learn how to create a sound parenting plan, the importance of having life cover, and the role of a financial planner in ensuring a fair and sustainable settlement. Tune in for practical strategies and empowering advice to help you bounce back and secure your financial independence post-divorce.

Wondering how to navigate the chaos of today's economic climate? Dive into our latest podcast episode where host Maya Fisher French and investment expert Debra Slabber from Morningstar South Africa explore the eight principles of successful investing. Discover why simplicity is your ally, how your savings rate impacts your financial future more than you think, and why the best action in a turbulent market might be inaction. The key to investment success lies not in chasing the latest trends or complex products but in embracing simplicity and discipline. Whether you're a seasoned investor or just starting, this episode provides insights on building a resilient investment strategy that can weather the storms of volatility. Tune in to discover how to navigate the investment landscape with confidence, patience, and a steadfast commitment to simplicity.

In this episode of My Money My Lifestyle, host Maya Fisher-French is joined by financial advisor Munya Shumba to address a critical yet often neglected aspect of financial planning: prioritising your own financial future over solely focusing on your family's needs. They explore the delicate balance between generosity and self-preservation, highlighting the need for parents and young professionals alike to establish firm financial boundaries. Listeners will gain insights into how to navigate familial financial responsibilities without compromising their future, the power of starting investments early, and the critical role of having a financial plan in place. The conversation also touches on the pitfalls of debt as a means of family support and the psychological benefits of disciplined saving. Whether you're a parent striving to provide the best for your child or a young graduate grappling with supporting your family while building your own financial foundation, this episode offers practical strategies and a fresh perspective on creating a sustainable financial plan that serves both your and your family's needs. Tune in to understand how to maintain a healthy balance between supporting loved ones and investing in your own financial resilience, ensuring a stable future for all.

In this episode of My Money My Lifestyle, host Maya Fisher-French and financial planner Kirsty Scully tackle the daunting reality of expenses for young graduates entering the workforce.  With salaries that seem substantial on paper, they break down the sobering truth of the cost of living, from rent and groceries to utilities and transportation. Kirsty brings invaluable insights on the financial hurdles faced by those in their early career stages, discussing the potential pitfalls of home ownership, the significance of saving for retirement from a young age, and the importance of medical cover. They also touch on the strategic ways to handle insurance costs and the advantages of shared living to mitigate expenses. Listeners will learn the hard numbers behind what it truly costs to live independently as a new graduate. From the excitement of the first paycheque to the stark realisation of budget constraints, Maya and Kirsty guide you through practical financial planning to avoid common traps that can jeopardise financial stability. Whether you're a recent graduate, a parent advising your child, or simply interested in understanding the financial challenges faced by young professionals, this episode is packed with strategies and advice to navigate the financial transition from student life to full-time employment. Tune in to equip yourself with the knowledge to make informed decisions, prioritise financial goals, and take control of your financial future, one paycheque at a time. 

In this eye-opening episode of My Money My Lifestyle, host Maya Fisher-French delves into the often contentious intersection of love and finance. Maya is joined by Queen Malobane Provincial General Manager at Metropolitan to unpack the complexities of dating and maintaining relationships when partners are in different financial leagues. Queen's recent article on the subject serves as a springboard for a candid discussion about the power dynamics and emotional challenges that arise when one partner earns significantly more than the other. They explore the impact of societal values on relationships, where income disparity can create tension and test the resilience of love. Maya and Queen offer personal anecdotes and practical advice for navigating these tricky waters. From the importance of open communication and transparency to setting boundaries with family members who may perceive one partner as a "gold digger," this episode tackles it all. Listeners will learn how to approach sensitive financial discussions, the significance of mutual respect, and the necessity of creating a joint financial plan that considers both partners' circumstances. They also touch on the role of financial advisors in helping couples plan for the future, including investments, risk management, and estate planning. Whether you're currently navigating a relationship with income disparity, planning to merge finances with a partner, or just seeking insights on love and money, this episode offers valuable perspectives and strategies. Tune in to gain the tools you need to build a relationship that thrives, not just survives, in the face of financial inequality. (00:00) Maya introduces the topic of money and relationships (02:15) Queen Malabane's insights on dating outside your financial league (04:50) The importance of discussing money early in relationships (07:30) Red flags to watch for on dates that indicate future financial friction (10:20) The dynamics of power and control in relationships with income disparity (13:40) The need for respect and appreciation of non-financial contributions in a partnership (17:05) Dealing with family perceptions and setting boundaries (20:35) Navigating financial support for extended family members (24:00) Creating a fair and transparent joint financial plan (27:45) The importance of including investments and retirement planning (30:50) The role of financial advisors in relationship planning (34:15) The impact of financial stress on relationships and the need for open communication (37:30) Queen's concluding thoughts and Maya's wrap-up

In this practical episode of My Money My Lifestyle, host Maya Fisher-French tackles the often-overlooked details of short-term insurance contracts that can have a big impact on your wallet. Maya shares her personal discovery of significant hikes in her insurance policy when it came to excesses - prompting a deep dive into what policyholders can do to navigate these changes. Joined by insurance expert Karen Rimmer from PSG Insure, they explore the trend of insurers adjusting excess fees and how this affects claims. Karen explains the reasons behind these industry shifts, including the aftermath of global events and local challenges like infrastructure woes and escalating crime rates. Maya and Karen discuss the importance of understanding your insurance contract, the power of negotiation with insurers, and the concept of self-insurance—how to determine what risks you can manage yourself and what requires comprehensive coverage. They also highlight the benefits of having your property assessed, debunk myths about what insurance typically covers, and reveal valuable add-ons that might already be part of your policy. Whether you're looking to cut costs without compromising coverage or simply want to ensure you're not caught off guard by hidden clauses, this episode is filled with actionable insights. Tune in to learn how to proactively manage your short-term insurance and make informed decisions that safeguard your lifestyle without breaking the bank. (00:00) Introduction to short-term insurance surprises (01:22) Maya's personal experience with excess fee increases (03:40) Karen Rimmer explains the industry trend and its causes (06:15) The impact of global and local events on insurance claims (08:50) The role of risk underwriting and individual factors (10:35) The shift towards a risk-sharing model between insurers and clients (13:05) How to approach self-insurance responsibly (15:30) The fine print: What to watch out for in your insurance contract (17:45) The advantages of having an insurance assessor evaluate your home (20:10) Uncovering hidden benefits in your insurance contract (22:35) The value of expert advice from a financial advisor (24:50) Special perks for policyholders over 55 (26:40) Closing thoughts on the importance of understanding your insurance details

In this insightful episode of My Money My Lifestyle, host Maya Fisher-French takes you behind the scenes of South Africa's national budget with the expertise of Mr. Edgar Sishi, Deputy Director General of National Treasury and Head of the Budget Office at National Treasury.  As the nation grapples with the impact of financial decisions, Maya and Mr. Sishi dissect the complexities of a R2.37 trillion budget, the daunting reality of debt servicing costs, and the delicate balance of tax collection. Ever wondered about the gargantuan task of managing a country's budget amidst divergent opinions on taxation and spending? This episode shines a light on the intricate process of fiscal policy-making, the rationale behind the absence of bracket creep relief, and the contentious topic of wealth taxes. Maya also probes into the government's social wage spending, which accounts for a staggering 60% of the budget, and the introduction of the Corporation for Deposit Insurance, set to safeguard individual deposits up to R100,000. But it's not just about the big numbers and policies. Maya and Mr. Sishi delve into the future of tax-free savings accounts and the innovative use of the gold and foreign exchange contingency reserve account to reduce national borrowing. This episode is a must-listen for anyone seeking clarity on South Africa's financial roadmap and the implications for personal finance. Tune in to demystify the national budget, understand the implications of fiscal drag on your pocket, and explore the strategies National Treasury employs to ensure economic stability and growth. Get ready to be informed and empowered with this deep dive into the fiscal fabric of South Africa.

In this comprehensive episode of My Money My Lifestyle, Maya Fisher-French, a seasoned freelancer herself, delves deep into the world of taxes with tax experts Kagiso Nonyane and Dumisa Sihawu, from BDO South Africa.  They tackle the complexities of tax for freelancers, from understanding why tax may be deducted from your earnings to the intricacies of tax directives and provisional taxpayer status. Are you a graphic designer, writer, or any kind of freelancer juggling clients and projects? Then you have probably encountered the complexity of tax. Our experts break down the legalities, the percentages, and the dreaded tax surprise that may come knocking if you're not prepared. But it's not all about what you owe. Kagiso and Dumisa also shed light on the deductions you can claim to minimise your tax liability and the benefits and burdens of VAT registration for freelancers. They even touch on when it makes sense to transition from a sole proprietor to a Pty Limited company, and the potential pitfalls of making this move for tax reasons alone. If you've ever found yourself scrambling to pay a tax bill, or if you're considering voluntary VAT registration, this episode is a treasure trove of advice. Learn how to stay on top of your admin, avoid penalties, and maybe even find a silver lining in tax season. Plus, get insights into SARS' Voluntary Disclosure Programme and how it could be a lifeline for those who've missed the boat on their tax obligations. Don't let tax be the bane of your freelance existence. Tune in to this episode of My Money My Lifestyle and equip yourself with the knowledge to navigate the tax tides with confidence. And remember, if you have questions or need clarification, Maya is just a Q&A podcast away.

Why do so many people feel that the financial system is rigged against the average person, that the system is built to benefit the elite at the expense of the average person? In this podcast Maya has a frank discussion with David Buckham, founder and CEO of Monocle Solutions and author of The End of Money, The Age of Menace and Why Banks Fail, about the inherent flaws in the banking system and the reasons behind the erosion of trust across all areas of society – financial and political.  They unpack what is behind the narrative that South African banks have actively worked to weaken the South African currency; what or who is to blame for the rising global inequality and why we have more billionaires than ever, yet average people are struggling to pay their bills.

Money is not about rands and cents – it is an emotional currency, which is why money conversations are so hard. Money means many different things. It encompasses power dynamics in a relationship, it can symbolise success and status. For some people it reflects care and for others it represents safety. Money and gifts are one of the five love languages. When two people in a relationship have a very different emotional connection to money, those conversations can become loaded and challenging.  In this conversation that every woman should be having, Maya and Andrea have a candid discussion with relationship therapist Connie Valkin about how to have these emotionally charged conversations surrounding money Why, if you can talk about everything except money, you may not be “financially married”. Why trying to find a 50/50 balance in a relationship is not the right approach, and what it may mean if we can’t talk about money. If you are finding it hard to initiate money conversations within your household, consider listening to this podcast as a catalyst for opening the door to those necessary, yet uncomfortable, discussions. If you are on the brink of marriage, this discussion offers insights into those vital conversations you need to have now about establishing clear expectations and defining the parameters of your relationship from the start. 

When her mother tragically passed away in car accident three years ago, the then 24-year-old Zihle found herself emotionally and financially responsible for her two younger sisters. To make ends meet Zihle turned to credit – what started off as “small loans” soon snowballed into larger and larger debts. The more the repayments ate into her disposable income, the more she relied on further credit to pay the bills.  Maya speaks to 2023 Money Makeover Challenge runner-up Zihle about her personal journey and how with the help of her financial adviser Anton Battiss she has been able to take control. Not only has Zihle paid off debt, but she has seen a significant transformation in her own mindset – she now sees a future for herself. Zihle’s experience is testament to the impact finances can have on our mental health but also what can be achieved in a short space of time if we take the right steps. Zihle story will resonate with so many young people who find themselves responsible for their family’s financial well-being.

In this podcast Maya speaks to Johan the winner of the 2023 Absa/City Press Money Makeover Challenge about how he reduced his debt by over R85 000, built up an emergency fund of R42 000 and increased his retirement contributions – all in just six months. Joined by his financial adviser Takalani Badugela, Johan discusses how small day-to-day choices over time created a significant debt burden and about his decision to enter debt review. Johan is an inspirational story of what is possible when you commit to a goal. Each year six people are selected for a money bootcamp. Each candidate is paired with an Absa financial adviser and together they set the goals for the following six months. This is the seventh Money Makeover Challenge and this year the candidates exceeded their goals and expectations. This challenge is absolute proof that you can turn your financial situation around in just six months – but it requires commitment.

When you get married or have a child there are so many exciting things to focus on like the wedding dress, invitations, the honeymoon and baby showers. The last thing we want to think about are the financial aspects. Yet it is the finances that will have the most lasting impact on our relationships. This is especially true when it comes to writing a up a will. After your marriage contract, this the most important document to get drawn up. In this conversation Maya and Andrea chat to fiduciary expert Moremadi Mabule about everything you need to know when writing up your will: How does your marriage regime affect your will? What happens when you die without a will?  What makes a will valid? How to provide for your children in your will How should you update your estate planning if you get divorced?  Should you both have life cover to provide for the maintenance?  This podcast is part of a series of conversations where Maya speaks to Andrea Carr about her experience of getting divorced which led Andrea to question many of the decisions she made as woman, as a mother and as a a wife, when it came to her finances. It made her realised the importance of taking care of herself, instead of only taking care of her family. It is important to note that while the idea for this series came from Andrea’s personal experience of getting divorced, this is not just about women or divorce. These conversations are relevant to anyone in a relationship especially when there are children involved and the additional workload of caregiving. We want to understand how to navigate this space so that it feels fair – from a financial, physical and emotional perspective.

“Money conversations are hard. They are harder than talking about sex or the in-laws. How much money one earns versus how much a partner earns is linked somehow to our perceived value. The person who makes more money has more power unless there is a conscious approach in the relationship. The person who has more money has potential to dominate the conversation and control the flow of the money. Money can also be used to shame - blaming a partner for not earning enough or keeping the family in a standard of living. Money is a powerful tool in a relationship, and we need to be very aware of it”. In this conversation, that every woman should be having, Maya and Andrea Carr share their money stories with financial planner Sunel Veldtman founder of Foundation Family Wealth. How does your upbringing affect your relationship with money and the financial conversations you have with your partner? How do you agree on a household budget – setting shared goals and making sure both partners’ wants and needs are met?  They discuss mistakes women make when it comes to the financial responsibilities they take on. Why women may find that they are taking on credit card debt to keep up with the family expenses or skimp on their retirement and future needs to provide for the children. It is important to note that while the idea for this series came from Andrea’s personal experience of getting divorced, this is not just about women or divorce. These conversations are relevant to anyone in a relationship especially when there are children involved and the additional workload of caregiving. We want to understand how to navigate this space so that it feels fair – from a financial, physical and emotional perspective. This series is in partnership with Ninety One

Why two attorneys need to be part of your wedding plan In this series of conversations, Maya speaks to Andrea Carr about her experience of getting divorced which has led Andrea to question many of the decisions she made as a woman, as a mother, and as wife, when it came to her finances.  It made her realise the importance of taking care of herself, and not only her family. Andrea’s experience is true even if you are in a relationship for life – at some point statistically, as a woman, you will be on your own.  In this episode we speak to Beverley Clark, a leading attorney and specialist in family law about marriage contracts and finding financial equity in marriage, especially when one parent takes on the responsibility of raising children.

It is that time of year when our medical schemes inform us how much more we will be paying for our medical cover. With medical costs rising above inflation, the amount we spend on medical services takes a growing bite out of our budgets. It is important that we spend time understanding our medical plan to make the most of it. In this podcast Maya chats to Jillian Larkan, head of healthcare consulting at financial advisor firm GTC to unpack the mysteries of medical cover:  Why have my premiums increased above inflation?  How do I make the most out of my scheme?  What to consider when selecting a plan. How gap cover works, and when you need it.  What are my options if I cannot afford a medical scheme? Health insurance vs medical schemes.

On 1 March 2024 there will be a radical change affecting everyone who is a member of a retirement fund.  This is known as the Two-Pot Retirement System and applies to any member of an employer pension/provident fund, a retirement annuity or a preservation fund as well as members of the Government Employees Pension Fund. There have been many questions and complaints about how the new system will work, especially when it comes to withdrawals.  In this podcast Maya speaks to Mr. Basil Maseko a Director of Tax and Financial Sector Policy at National Treasury about the thinking behind the introduction of the new system and why they capped the initial withdrawal at R25 000.

Many South Africans are finding themselves supporting their aging parents, thanks to the combination of a tough economy and insufficient retirement funding. But it’s critical to plan this key transition carefully to ensure your own finances stay on track and to maintain a healthy relationship with your parents. In this podcast Maya speaks to Stian De Witt, Executive Head of Financial Planning at NMG Benefits about how to have these conversations and financial implications to consider.

September is wills month and in this podcast we discuss how to use a will to protect your child’s legacy. Maya speaks to Alex Simeonides CEO of Capital Legacy to help parents navigate the complexity of estate planning.  This podcast was sponsored by Capital Legacy

An important aspect of financial wellness is mental wellness. Financial stress can cause emotional stress, it impacts our relationships and our workplace. When it comes to managing money, we need to be aware of our money emotions -  what makes us spend, why does money make us so anxious?  While financial pressure can impact our mental wellbeing, our mental wellbeing could be causing our financial challenges. For example, if you are feeling stressed you overeat, you are more likely to make impulsive purchases to make yourself feel better, and maybe start slipping behind on bills…. How do you identify the triggers? As part of this year’s Money Makeover Challenge Maya shares a discussion she had with Dr Lesego Rametsi, group head of health and wellness at Absa, about the relationship between financial stress and mental health  

As banks improve security around identification and biometrics are introduced, fraudsters are finding that the easiest way to get into your bank account is to get you to help them!  In this podcast Maya shares the story of how her husband nearly fell victim to a vishing attack.  “I often write about these scams and we are all aware of them. We think it will never happen to us because we are savvy, we are aware – but these scamsters are so good and they know how to push the emotional buttons”.  Maya speaks to Capitec experts Jean Rossouw, Head of Financial Education and Nick Harris, Head of Financial Crime at Capitec to explain how these scams work, how to identify a scam before it is too late - and then what to do if you are victim. 

If you are about to retire, you need to start thinking about how to invest your lump sum to provide you with an income for life. According to an article by the Actuarial Society of SA, there is a window of opportunity for retirees to lock in some of the highest rates in 20 years. With inflation peaking and the cost of living rising, this is an opportunity not to be missed. In this podcast Maya speaks to Deane Moore, CEO of the Just Group about how to use a guaranteed annuity to boost your income, even if you are already in retirement. 

The 2023 City Press/Absa Money Makeover Challenge has begun. This is the seventh year where Maya Fisher-French together with a team of Absa financial advisers work with six individuals to turn around their finances in just six months.  In this podcast Maya chats to Sarah Nkwana of Absa about the candidates, why they were selected and the challenges they face. Everyone following the Makeover Challenge will find someone they can identify with. You can follow their journey at https://media24.shorthandstories.com/moneymakeover/index.html or on Facebook at https://www.facebook.com/CPMoneyMakeover/

Welcome to the finale of the Emotions and Money podcast series, where we explain concept of the Money Fingerprint.  Join host Maya Fisher-French and Paul Nixon, head of Behavioral Finance at Momentum, as they take you on a journey of self-discovery and financial empowerment. The Money Fingerprint isn't just another run-of-the-mill personality test. It's a diagnostic tool, created in collaboration with Pretoria University, that weaves together the core themes explored throughout this podcast series. This includes your risk attitudes, money attitudes, and personality traits, all tailored to provide you with a personalized guide to your unique money personality. Are you an extraverted spender who struggles with saving? Or perhaps you're an introverted saver who yearns to embrace the joy of life more fully?  Gain insights into your relationship with money and practical techniques to guide you in the right direction. Whether it's boosting your savings or embracing a balanced approach to spending, we've got you covered. Don't miss this final chapter of the Emotions and Money podcast. Tune in now and let your Money Fingerprint lead the way to a brighter, more fulfilling financial future!

Are you aware that our ability to accurately assess risk is flawed? Think about those posters that surround the shark tanks at aquariums that compare the statistics of shark-related fatalities with seemingly innocuous household items like toasters or even the act of simply falling off a chair. Surprisingly, the numbers reveal that toasters and chairs pose a greater threat to our safety than sharks. Yet, why does the mere thought of a shark strike terror in our hearts, while a toaster fails to evoke the same dread—unless you suffer from Oikophobia, the irrational fear of household appliances? In this podcast we delve into the depths of risk perception. Maya Fisher-French chats to Paul Nixon, head of Behavioral Finance at Momentum, to explore the diverse facets of risk within the realm of investing. Together, they'll shed light on the crucial factors that outweigh our subjective feelings about risk, such as how much risk you can truly afford to take and how much risk is necessary to achieve your goals. Gain valuable insights into the different types of risk and learn to make informed decisions that align with your financial objectives. By understanding the complexities of risk, you'll gain a significant advantage in the investing landscape. Don't miss out on this podcast episode, where we demystify risk and empower you to become a more astute investor. 

Did you know that shedding tears isn't just an emotional release, but also a fascinating biological phenomenon? Emotional tears actually flush out cortisol, the stress hormone, while containing traces of oxytocin, the powerful trust and bonding hormone. Join us on the captivating Emotions and Money podcast as we delve into the connection between our emotions and financial decisions. Tune in as renowned host Maya Fisher-French and guest Paul Nixon, the brilliant mind behind Behavioral Finance at Momentum, unravel the astonishing impact of our biological responses on our investments.  Discover how your panic triggers a chain reaction in your body which temporarily shuts down access to higher-order thinking in the prefrontal cortex, compelling us to act on instinct instead of reason. But fear not! We've got you covered with invaluable insights and practical tips to help you avoid costly mistakes when panic strikes. Unlock the secrets of your emotional and financial well-being by joining us on the Emotions and Money podcast. Get ready to embark on an eye-opening journey that will revolutionize your understanding of emotions, investing, and personal success. Don't miss out—hit that play button now and seize control of your financial future!"

On 24 April 2023, seemingly out of the blue, SARS updated its "Manage Your Compliance Status” webpage and announced a “new enhanced” TCS application form. This meant that a South African who was wishing to invest more than R1 million offshore would have to follow the same financial audit process as a person applying for a tax non-resident status. In this podcast Maya speaks to by Thomas Lobbin, head of Cross-Border Taxation at Tax Consulting South Africa to understand what this means for investors and why SARS has taken this approach.

Emotions and Money is a six-part podcast series where we unpack the psychology behind our investment decisions and how our emotions could be sabotaging our financial outcomes.   What makes a good investor? In discussion with Maya Fisher-French, Paul Nixon, head of behavioural finance at Momentum Investments identifies the key behaviours that lead to successful financial outcomes and the impact Covid has had on how we invest.

Emotions and Money is a six-part podcast series where we unpack the psychology behind our investment decisions and how our emotions could be sabotaging our financial outcomes.   In this episode Maya Fisher-French and Paul Nixon, head of behavioural finance at Momentum Investments discuss the different personality types and how your personality could be affecting the way you manage your money. Emotions and Money is a six-part podcast series in partnership with Momentum Investments.

Emotions and Money is a six-part podcast series where we unpack the psychology behind our investment decisions and how our emotions could be sabotaging our financial outcomes.   In this episode Maya Fisher-French and Paul Nixon, head of behavioural finance at Momentum Investments look at the true cost of our poor investment decision.   In 2020 South Africans paid 6.5% in behaviour tax and around 3.5% in 2021. What is behaviour tax and what it is about our money emotions that leads us to make decisions that hurt our finances? Emotions and Money is a six-part podcast series in partnership with Momentum Investments.

In this podcast discussion Maya and Moroka Modiba, author of Think yourself Rich, discuss how a newly married couple should start managing their finances together. Why a household budget is important along with a discussion around shared goals. Moroka unpacks at the various investments that the couple should consider based on their investment horizon. 

There have been mixed reactions to Minister of Finance, Enoch Godongwana’s annual Budget Speech this week. The general feeling is that while the financial manoeuvrings by National Treasury are commendable, there appears very little faith in government’s ability to execute what needs to be done to bring the country back on track.  In this podcast Maya and Thomas Lobban from Tax Consulting South Africa unpack the budget. What does it mean for South Africa’s debt levels and what does it mean for our taxes?

Since March 2001, all South Africans have been legally required to declare and pay tax on their annual worldwide income, irrespective of where they live. So even if you have been living abroad for a few years, you are still considered a resident for tax purposes, unless you can objectively prove to SARS your intention to remain outside the country permanently.  With the introduction of a formal SARS Non-Resident Tax Status Confirmation Letter in 2021, South African expatriates can now confirm their tax status. However, getting one of these is neither automatic nor easy, requiring applicants to follow stringent residency cessation and verification processes to qualify as non-residents for tax purposes.  In this podcast Maya chats to expat tax attorney Martin Bezuidenhout about what you need to know to qualify for the letter and understanding the tax implications of ceasing tax residency. 

What is the best blend of investment products that will provide you with a sustainable, tax-efficient income in retirement? While there is no question that the pre-retirement tax benefit from investing in a retirement annuity is significant, to what extent is an RA tax efficient over the full course of your financial plan which includes the 20-odd years you will be drawing a retirement income? In this podcast Maya speaks to financial planner Wynand Gouws, author of To 100 and Beyond, about the most tax efficient portfolio for retirement. 

“I needed to be braver” is how 2022 Money Makeover runner-up Zinzy described her financial situation when she entered the money bootcamp six months ago. In this open and frank conversation, Zinzy talks about the courage it took to have difficult discussions with people who owed her money and taking her head out the sand to tackle conversations with creditors including SARS. “I was an ignorer of note,” admits Zinzy. In this podcast discussion Maya is joined by both Zinzy and Absa financial adviser Phumzile Dube, who Zinzy refers to as her “financial therapist”. Zinzy’s journey is one many South Africans will relate to and a lot can be learnt from her journey and her lessons. 

It is possible to turn your finances around in just six months. The Money Makeover Challenge has proven this over and again. The stories from the candidates who enter are testament to the fact that financial freedom is not about miracles, it is about having a plan, a partner and discipline. In this podcast Maya speaks to the 2022 Money Makeover winner, township entrepreneur Mpho along with his biggest cheerleader, Absa financial adviser Gladnes Masia about how, in just six months, he turned his take away food business from a drain on his finances to making a profit. 

Medical scheme membership is expensive and it becomes more expensive every year. The average family pays R6000 or more a month for their medical scheme benefits, yet Andre Jacobs author of “Medical Schemes Explained: Your Ultimate Guide to Using Your Medical Scheme Efficiently” argues that many are paying too much, simply because they do not understand the way their scheme works. In this podcast Maya and Andre discuss the importance of understanding your medical scheme and what to do if your scheme will not cover expenses. 

Earning your first pay cheque and balancing the many financial demands is challenging for any graduate. For those who are the first in their family to become a professional, there are even greater expectations and financial demands. In this podcast Maya speaks to Akhona Modi, a Financial Planner at BDO, about both the practical and emotional aspects of meeting the expectations of family. 

“Many people see the stock market as an exclusive club or that only professionals understand it well enough to succeed, but really investing is more accessible than ever,” says Moroko Modiba, managing director of Fatima Capital and author of “The Wise Investor: The Beginners Guide to making money on the stock market”.  In this podcast Maya and Moroko discuss investment strategies for those starting out. They discuss how to create a core portfolio and how to use this as a building block to investing in individual stocks.

The only thing certain in life is death and taxes and this is particularly true when it comes to our wills. While we can never cheat death, by drawing up a will and doing some basic estate planning we can reduce, and provide for, the fees and taxes, leaving more of our assets as a family legacy. In this podcast Maya speaks to wills and estate specialist Alex Simeonides, CEO of Capital Legacy about the do’s and don’ts when it comes to writing up a will. Why are we so afraid to sign a will? How can a parent use a will to protect their children’s inheritance? Why you should not make your minor child a beneficiary of your life policy How to provide for the costs of winding up your estate What makes a will valid?

COVID-19 is here to stay. So how do we best protect ourselves over the long term?  Discovery Life Deputy Chief Executive, Gareth Friedlander, and Chief Medical Officer, Dr Maritha van der Walt, break down the data around the risk factors when it comes to COVID-19, how we can improve our health and protect against unknown diseases. We also unpack the risks of long-covid, how to plan your recovery and how long-covid is assessed as a potential severe illness claim. Every life is unique, and life can be unpredictable. While some of life’s events may be unpredictable, there are ways to both mitigate and protect us from today’s risks. In this podcast series, Life behind the numbers, Maya talks to Discovery Life experts about the kinds of risks we’re all up against – in facts and figures – and how to protect against those risks. This is a four part series on life cover in partnership with Discovery Life

Cancer can affect anyone, at any age. Across the insurance industry we see cancer as an increasing cause for claims, especially among younger people. Tune in as Discovery Life’s Head of Market Analytics and R&D, Kashmeera Kanji, and Chief Medical Officer, Dr Maritha van der Walt, delve into the statistics and why early detection is your greatest defence against this disease. Every life is unique and deserves customised protection from today’s risks. In this podcast series, Life behind the numbers, Maya talks to Discovery Life experts about the kinds of risks we’re all up against – in facts and figures – and the importance of risk protection.  This is a four part series on life cover in partnership with Discovery Life

In this podcast we unpack the strange relationship we as South Africans have with our currency. Why does the value of the rand affect our perception of our country? A strong rand gives us an emotion boost in the same way as our winning sports teams do – and when the rand is weak, we see it as a sign of failure. Is this normal and do people in other countries feel the same way about their currency? In this podcast Maya chats to Michael Kruger, Senior Investment Analyst at Morningstar about the value of the rand, both emotionally and physically. They also unpack the drivers behind the value of the rand – the answers may surprise you. 

Every life is unique, and life can be unpredictable. While some of life’s events may be unpredictable, there are ways to both mitigate and protect us from today’s risks. In this podcast series, Life behind the numbers, Maya talks to Discovery Life experts about the kinds of risks we’re all up against – in facts and figures – and how to protect against those risks. In this episode, Maya is joined by Discovery Life Deputy Chief Executive, Gareth Friedlander and Head of Market Analytics and R&D, Kashmeera Kanji. Together, they unpack the importance and value of having a risk protection product that enables parents to cover the costs of their children’s education. They discuss how you can use life cover not only to provide for the unexpected, but also to save towards your child’s education.    This is a four part series on life cover in partnership with Discovery Life

Every life is unique, and life can be unpredictable. While some of life’s events may be unpredictable, there are ways to both mitigate and protect us from today’s risks. In this podcast series, Life behind the numbers, Maya talks to Discovery Life experts about the kinds of risks we’re all up against – in facts and figures – and how to protect against those risks. This is a four part series on life cover in partnership with Discovery Life

National Treasury released draft legislation around early access to pension funds and the so-called Two Pot system. In this podcast Maya speaks to retirement reform expert Rowan Burger about how the Two Pot system will work. In this podcast they dispel some myths around early access and explain how vested rights will affect your existing retirement assets.

In a recent survey, a debt counselling firm asked financially stressed South Africans “why have you not done something to alleviate your money-stress?”. Nearly 40% of people responded that they “feel stuck”. When faced with what appears to be an overwhelming problem we tend to shut down, sticking our head in the sand. But this obviously doesn’t solve the problem. What we know is that getting ourselves out of debt does require discipline and action, but what most people don’t realise is how quickly your circumstances change when you do take action. In this podcast Maya speaks to Ntombi Dube, a remarkable woman who paid off R700 000 of debt. If you are feeling stuck and need some inspiration, listen to her story. You can also find out more about the The Money Mentors programme here https://www.themoneymentors.co.za/

It is tax filing season and while people look forward to tax season because they can get a rebate, for many of us it can feel a bit overwhelming.  In this podcast Maya speaks to tax expert Reinert van Rensburg, Tax Legal Specialist at Leap Group, about everything you need to know about your 2022 Tax return. He discusses key changes to auto-assessments and why people who have been selected for auto-assessment have a much shorter deadline.  He also explains why everyone should file a tax return and what makes an individual a provisional taxpayer. He also addresses the taxation of SA residents earning an income abroad.

Scientists are telling us that soon we will reach an average life expectancy of 100 years old. For some people that may be very exciting, but for others it is simply terrifying. How will we save enough money in 40 years of working to fund 35 years of retirement? In this podcast Maya speaks to financial planner Wynand Gouws about his book “To 100 & Beyond – how to make your money last as long as you do”. Wynand explains why asking “when should I retire?” is the wrong question, how you can plan your retirement to be more tax efficient and unpacks the curious phenomenon that the older you are, the longer you are expected to live.  

In this podcast Maya speaks to Louis van der Merwe about the biggest transition – death. Whether it is the death of a loved one or contemplating our own mortality, death is a part of life. Maya and Louis discuss how to manage both the fears and practical side of mortality. How to have these conversations with family, how to manage an unexpected death of a loved one or steps to take when you or a loved one is diagnosed with a terminal illness. The conversation covers various aspects from dealing with the estate to what happens to your social media accounts. 

The covid pandemic saw many people reflect on their lives. Not only did we stand still for a moment to take stock, but it opened new possibilities, especially with remote working. As result some people made major lifestyle changes. In the second part of a series of conversations around life transitions, Maya (@mayaonmoney) speaks to financial planner Louis van der Merwe of WealthUp on how to approach significant changes to your lifestyle. Even when it’s a choice, transitions can be traumatic. It is important to be prepared and to understand the emotional process you will be undergoing. Is this really what you want, or is it a short-term reaction to current circumstances? How do you manage your finances in this transition? Is your partner and your family on board? All choices and decisions have pros and cons.

As part of a series of conversations around life transitions, Maya speaks to financial planner Louis van der Merwe of WealthUp about how adult children can support their ageing parents.  Whether you are the adult child of an elderly parent, or even if you are getting older and  starting to think about your future, we need to plan for the reality that as we get older, we become less able. Decisions need to be made about how we want to live this part of our lives. Louis discusses how to have the difficult conversations, how to ensure the person you are supporting retains their sense of agency and independence, as well as the more practical issues around money management and protecting yourself or loved one from financial abuse.

Good financial advice is worth paying for. But do we know how much it is really costing and how do we know we are getting good advice? For years advice was wrapped up into sales commission creating the impression of “free advice” along with a general distrust in the process. The industry is changing with the separation of sales and advice fees.  In this podcast Maya speaks to Rory Brachner founder of DoshGuide.co and financial planner Marc Sydow about a further evolution where financial planners no longer charge for assets under management, but are paid for work actually done. DoshGuide a platform that connects investors with fee based financial planners. 

It is a whole new world and with the flexibility around the working environment, many people are looking at either moving or upgrading their spaces.  How do you decide on the right property for your family? If you want to expand your space, how do you finance a renovation and what about the danger of over-capitalization? If you are renovating to sell, what should you be spending your money on?  In this podcast Maya speaks to Andrea Tucker, director home loan originator MortgageMe about the pros and cons of building, renovating or buying. 

Stokvels are a truly African solution helping people manage their cashflow and achieve their goals, but are we doing enough to harness the power of group savings? Could stokvels be used to build wealth, fund children’s education and even leave an asset to provide intergenerational wealth? In this podcast Maya speaks to Busi Skenjana about how stokvels can leverage their true power. Skenjana has been running BSK Marketing for 25 years, focusing on stokvels throughout South Africa. She is also founder of the Stokvel Academy an education platform for the stokvel community.

Maya speaks to financial planner Terence Tobin of Rich Ideas about ways to cut your tax bill whilst growing your investments. They unpack the pros and cons of retirement annuities, how to use a Tax-Free Savings Account for tax planning in retirement and what products to stay clear of. 

Globally stock markets have been on a roller coaster ride, and those who thought crypto assets would offer a safer alternative, well they have been along for the same ride. There are many factors driving this volatility and these are going to be the main themes for 2022. To discuss what you should be doing with your investments, Maya is joined by Kunal Sawhney CEO of independent equity research firm Kalkine.

“It is not only a crowd funding platform, but a crowd value creation platform - an eco-system of partners rather than a conglomerate owning everything” Farming is becoming an increasingly popular asset class. Crowd-funding for farming ticks many boxes as a “good” investment - providing market related returns, increasing food security, allowing for skills transfer and improving farming methods for better environmental outcomes.  In previous podcasts Maya has spoken about cattle farming and in this interview, she speaks to Grant Field, CEO of Fedgroup about investing in bees, blueberries, macadamia nut trees and even lettuce.

Are you the victim of financial abuse or are you perhaps unwittingly the abuser? And how would you even know? In this podcast we discuss a very sensitive topic - financial abuse and how money is often used to control people in relationships. In this podcast Maya speaks to financial planner and founder of Foundation Family Wealth Sunel Veldtman who writes that “the definition of financial abuse includes controlling how all the money is spent, not allowing the victim access to bank accounts, withholding money, giving an ‘allowance’, or not including the victim in banking or investment decisions”. Sunel says that while the term abuse sounds harsh, money in these relationships is typically used to control a partner, to the extent that it is detrimental to them; it is not used to convey love.

Despite the recent rate hike, interest rates since the beginning of the pandemic have fallen by around 30%. This is great news if you are borrowing money, but it is pretty dire for anyone investing in cash or relying on income from cash investments. In this podcast Maya speaks to Mabule Setwaba Corporate Cash Manager at Investec Bank Limited about whether cash is now trash, or if it still has a place in your portfolio. Where to put your cash for the best return, especially in a rising interest rate environment

In this podcast Maya speaks to Mantsha Pheeha, a business strategist at Talent Unleashed on how to bootstrap your start-up by creating a pilot project. Mantsha worked with Nocawe, this year’s Absa City Press Money Makeover Challenge to start a poultry business with just R6500. You can find out more about Mantsha at https://www.mantsha.com/

Generational wealth is passed down from one generation to the next. But ultimately it has different context for different people. Generational wealth doesn’t have to be the Oppenheimer’s legacy, it could be leaving your children enough money to buy a home, or the access to an education that you didn’t have. In this podcast Maya speaks to Carol Mazaka, Consumer Director at 1Life about the findings of their Generational Wealth survey and the different ways we can leave a legacy 

In this podcast Maya speaks to Warren Ingram, financial planner at Galileo Capital https://galileocapital.co.za/ about his new book Global Investing Made Easy.  Warren shares his insights into the investment decisions we make, and those we should be making. 

Maya chats to Gugu Sidaki, financial planner about ways to skill our children so they can better manage money as adults Gugu is author of My 3 Piggies a series of books for kids all about money. https://www.my3piggies.com/

Mapalo Makhu of the Woman & Finance blog rejoins Maya on the My Money, My Lifestyle podcast after taking a break to have her second child. She shares her experiences of having a child while having to meet client deadlines, and emphasises the importance of having a plan in place – especially when it comes to unexpected life events.

When it comes to understanding the risks in a society, insurers generally offer the best insights. Insurance companies do not pay out for deaths that did not happen and they will apply a risk rating on behaviours or health status, that they believe would lead to higher illness or mortality rate. In this podcast Maya speaks to Discovery Life’s Deputy Chief Executive, Gareth Friedlander about what the statistics are revealing around the effectiveness of the vaccine. 

In this podcast Maya chats to money blogger Brett @ETFenthusiast on how blogging keeps him on track financially, his plans in working towards financial freedom and which investments he is using to provide a passive income in the future.  https://www.etfenthusiast.co.za/

Tax filing season opened on 1 July 2021. That means non-provisional taxpayers have until 23 November to file their returns. Some people look forward to tax season because they can get a rebate, but for many of us it can feel a bit overwhelming. A particular hot topic this year is what home office expenses will be allowed as deductions. In this podcast Maya is joined by Donaldson Madungwe of Tax Consulting South Africa.

Age comes to all of us and one of the big decisions we have to make, for ourselves or our parents, is whether  to downsize and move into a retirement village. This is not an easy decision and can be further complicated with the different types of retirement villages and financial models. This week Maya speaks to Barry Kaganson, CEO of Auria Senior Living

We know from studying history that entire generations can share a similar money attitude or behaviour due to a major financial event that their generation experienced. What effect, if any, will the Covid pandemic have on this generation? In this podcast, Maya speaks to financial wellness coach Frank Magwegwe, a lecturer at the Gordon Institute of Business Science, about the lasting legacy of the pandemic on our financial behaviour. They also discuss how people can implement new, healthier habits when it comes to managing their money. https://frankmagwegwe.com/

In this interview with financial planner Kim Potgieter, Maya discusses her new book Midlife Money Makeover. How our relationship with money and those money stories we grew up with either help or sabotage our finances. If you think it is time to review your relationship with money – listen on. You can purchase a copy of Kim’s book either online https://kimpotgieter.com/kims-books/ or at any good bookstore

“So many of us are bonded to our idea of wealth even though it isn’t working for us or the planet — because of the very nature of our relationship with money. We expect money to fulfil our fantasies, calm our fears, ease our pain and send us soaring to fleeting heights of gratification. In fact, we are programmed to think most of our wants and desires are met by money. We buy everything from hope to happiness. We no longer live life, we consume it” says John Sanei, Futures Strategist and bestselling author. In this podcast Maya speaks to John about why we need to reset the way we think about money. You can check out more of John’s views at  https://www.youtube.com/c/JohnSaneiInc

If you want to understand bitcoin, blockchain and the related crypto asset world listen as Chris Becker, Blockchain technologies specialist at Investec Private Bank unpacks the world of blockchain technologies and why we are just on the start of a fundamental new way in dealing not only with the way we transact with money, but all transactions – from buying property to selling artwork. To read more from Chris Becker @chrislbecker go to https://www.investec.com/en_za/focus/chris-becker.html 

Tax is one of the most important money matters, especially when you work for yourself or have a side hustle that earns you some extra cash. Navigating the tax maze when you don’t just have an IRP5 from an employer can be quite challenging. In this podcast Maya speaks to Andre Bothma about how to optimize your tax deductions as a freelancer and how to manage the books when getting extra income from a side hustle. YouTube: AndreBothmaTax - www.youtube.com/andrebothmatax

In this My Money, My Lifestyle podcast we delve into the world of crypto scams which seem to be mushrooming everywhere despite repeated warnings from our authorities. How do these scams work? How do people get lured into parting with their hard-earned cash? And is this the work of an organized criminal syndicate? We talk to scam victim Tshepiso about how the fraudsters convinced her to part with nearly R100 000. Jean le Roux, research associate for the Atlantic Council’s Digital Forensic Research Lab explains how social media networks are used to lure potential victims and Marius Reitz, Luno’s GM for Africa explains what victims can do if they are caught in a scam. The aim of this podcast is to give you a real insight into how these scams work so you are not fooled by them, you don’t believe the fake testimonies and pictures you see on social media and please share this podcast with those who you believe are vulnerable. The only way we are going to stop them is to stop giving them our money.

How do you teach your children to manage money? It starts at home says 13-year old Alidzulwi Tshikosi, author of “Not being authentic can be costly” - a warning tale of a young man who uses credit to live beyond his means and which ultimately destroys his relationships. In this podcast Maya speaks to Alidzulwi and her father Ramarumo about how to have those money conversations with your children. They also discuss home schooling and how he and his wife are raising their daughters to develop skills and a value system to help them grow into independent young people.  This podcast will inspire many parents, and hopefully encourage us to break the taboo around talking about money.

How to choose the right  exchange traded funds or unit trusts and one for your needs. In this podcast @Satrix_SA Chief Investment Officer, Kingsley Williams joins Maya Fisher-French to provide some guidelines around selecting the right fund but also to give us some perspective on the investment landscape for 2021. How do we navigate the short-term roller-coaster to achieve long-term stability?

For many people COVID has had a major financial impact and some may be considering entering debt review. In this podcast Maya speaks to David O’Brien of debt counselling firm Meerkat to explain how debt counselling works and how to choose a good debt counselor – because there are a lot of bad apples out there. We also discuss what to do if you are already in debt review and want to get out.   

In this podcast Maya speaks to labour lawyer Michael Bagraims about your rights when it comes to voluntary retrenchment. The benefits you receive and what rights you give up. If you are being offered voluntary retrenchment, listen to this first.

How does a balloon payment work? What questions should I ask my dealer? Can I settle my car finance early and what happens if I want to give my car back? Maya chats to vehicle financing expert Henry Botha of Absa Vehicle and Asset finance to answer all car finance related questions. 

In this podcast Maya is joined by personal finance blogger Brendan of @Your_Money_Blog where they discuss their approach to Black Friday and tips on online safety when shopping for deals 

Offshore investing is not just for millionaires, it should form part of everyone’s investment portfolio. In this podcast Maya and Mapalo unpack the many low cost, low minimum options that make offshore investing accessible for the ordinary South African. 

If you are confused about how advance payments to your home loan and car finance works, you are not alone. In this podcast Maya and Mapalo unpack exactly how access bonds work and when advance payments on your car can be used to settle the balloon payment.

Maya and Mapalo speak to independent financial adviser Markus Bauriedl on what to look out for when selecting life insurance to make sure it pays out as promised. Not all cover is equal, and some products work better for some than others. Markus shares his own experience of navigating the claims experience when he faced his own medical crisis. 

Is there such a thing as good credit? What forms of credit should you avoid at all cost? In this podcast Maya and Mapalo discuss the good and dark side of credit and whether the concept of lay-by’s will come back into fashion as technology changes.

Whether you are saving for your child’s education or investing for their future, Maya and Mapalo discuss where and when to invest. When is a tax-free investment appropriate? Should you invest in your child’s name and where do you save for those school fees? All these questions are answered in this week’s podcast.  

“As much as we like to believe it is all about hard-nosed number crunching, the stories investors tell themselves and others are key”. What are the stories we are currently telling ourselves about the economy and markets that we may need to revise? In this podcast Maya and Mapalo speak to Izak Odendaal Investment Strategist at Old Mutual Wealth About the danger of getting caught in a negative mindset and why we shouldn’t ignore some of the investment opportunities available at really great prices.

Is money really gender-neutral? Maya and Mapalo discuss why women face more financial challenges and how important it is for women to take control of their financial destiny.

In the final episode of our Money Makeover Challenge Maya and Mapalo chat to the two winners Catherien and Nono about their journey and how they turned their finances around in just six months.   In just six months these women paid off debt, created savings and have got their entire family on board. If they could achieve all this in the midst of the financial uncertainty of COVID – imagine what you can achieve. Listen to this podcast to get inspired to start your own journey to financial freedom.   Watch the Money Makeover finale held on 18 July - https://youtu.be/4IQ6A6a5hZc 

In previous podcasts we have discussed the concept of Net Worth and how to use it to assess your financial progress https://mayaonmoney.co.za/2020/01/listen-2020-grow-your-net-worth/, https://mayaonmoney.co.za/2019/11/listen-do-you-know-your-net-worth/   In this podcast Maya and Mapalo discuss other Personal Financial Ratios to help you evaluate your current financial strength and position. Doing these calculations at least once a year can give you a benchmark to help you work towards better financial health. 

In this podcast Maya and Mapalo each discuss an event in their week that made them reflect on the way we engage with money:  A negative experience with the way financial products are sold questions whether people can make the right decisions when their advisers have different motivations. And then reflecting on finding that balance between planning for the future but also living and connecting today. 

In this, our fifth Money Makeover podcast, we chat to Elton Govender, senior enterprise development specialist at Absa, to provide some tips to those of us who are self-employed or running our own businesses.   Elton shares the guidance and tools he developed to help our entrepreneur contestant Bellah turn her business around. When Bellah joined the Money Makeover Challenge, her business was sitting with a significant overdraft and her personal finances were relying heavily on debt, she also had no idea whether or not she was making a profit. 

Payment holidays are a lot like real holidays – they end up costing more than you realise. In this podcast Maya and Mapalo look at the costs of debt holidays and how to get back on track after taking 

Have you ever thought about how much you will earn over the next 5 years? If you have just started working and taking home R15 000 a month, over the next five years you will earn nearly R1 million – without any promotions or salary increases. What will you have to show for it? In this podcast Maya and Mapalo discuss what they did with their first pay cheques, what they wish they had done as well as some do’s and don’ts.

Have you fallen into property investing by accident? Whether you are an existing property investor looking to consolidate or planning on buying your first property, in this podcast @mayaonmoney chats to Miguel Martins of Absa Home Loans, a property investor himself, on the do’s and don’ts of property investing  

In line with our theme on alternative asset classes, this week’s podcast Maya and Mapalo discuss investing in gold. Is gold a good investment? What role should it play in your portfolio and how do you go about investing in gold- because there are many different ways to gain exposure to this precious metal. The podcast has three parts – from traditional gold investments through to new-age ones. We discuss investing in gold coins with Glenn Schoeman of the South African Association Numismatic Dealers; investing in gold through the stock market with Craig Pheiffer of Absa Stockbrokers and finally gaining exposure to the precious metal through tokenized gold with Sean Sanders of Revix. 

Increasingly investors are looking to non-financial assets to provide further diversification. In this podcast we have previously discussed Fedgroup Impact Farming where investors can buy into farming of beehives, blueberries and even solar energy. We have also written about investing in cattle through Livestock Wealth. Cattle is especially relevant to the African market where it represents a tangible value and underpins financial agreements like lobola. This week we chat to Kagiso Tloubatla, co-founder of SV Capital to provide South African investors an opportunity to invest in cattle with low minimums, starting at R500 a month. 

With the economic fallout expected from COVID-19 investors have either seen their portfolios seriously hurt or are too afraid to enter the equity market now. Sitting in cash is an option, but what if markets recover and investors lose out on potentially higher returns? Maya and Mapalo discuss how structured products can provide a guarantee with market upside. In the second part of the podcast they look at the best way to use your tax-free investment allowance.

Most parents make supreme sacrifices to provide for their children and research shows that mothers in particular will put their children’s needs before their own. We want to offer our children the perfect world where they want for nothing, where they never feel shunned or feel they are not “good” enough. But is this the best way to teach them about money? Maya and Mapalo discuss their experiences in trying to raise financially savvy kids, what worked, what didn’t and some tips to start having those conversations.

It doesn’t matter how motivated you are to improve your finances, you will struggle to make progress unless your partner is on board. In our third Money makeover podcast Maya and Mapalo talk Marriage and Money and share the story of Catherien’s Money Makeover journey with her husband Jan.

With the unexpected 100bps cut in interest rates we received many questions about how interest rates work and the impact it has on both borrowers and savers. Maya and Mapalo unpack how interest rates work and do some jargon busting

Whilst you are sitting in lock down, now may be the time to turn that WhatsApp group into an investment club. Maya and Mapalo chat to Palesa Lengolo financial educator and author of  Stokvels: How they can make your money work for you, on the various investment product and opportunities available to stokvels. She also provides tips on what to do, or not do, when setting up your own investment stokvel.

Over the last few weeks our discussions have focused on keeping our heads above water during the coronavirus meltdown. We now turn our attention to investing - with markets down significantly is this the time to start testing the waters? In this podcast Craig Pheiffer, chief investment strategist at Absa Stockbrokers joins Maya and Mapalo to provide investment guidelines and maybe even some share tips. We also hear from Terry Msomi, director of Retail Bonds at National Treasury on why RSA Retail Bonds offer such an attractive interest for retail investors.  

The topic for this City Press/ABSA Money Makeover podcast could not be more relevant given the financial stress so many households are feeling with the COVID-19 crisis. Falling into a debt trap is often due to a change in personal circumstances rather than living a flashy lifestyle. But it is how you respond to the crisis that will determine how quickly you can recover. Maya and Mapalo chat to Money Makeover contestant Peter and his wife Helen about how they found themselves sliding slowly into a debt trap as they used their credit card to get by. They also chat to Absa financial adviser Leighanne Decker about the advice she has given the couple and the options available to them to settle their debt. In the second part of the podcast we hear from contestant Mishack and his Absa adviser Johan Frouws as well as tips on what to do if you are retrenched.

The lock down will affect people in different ways. There are those who will be fortunate enough to still be receiving a salary, others will see a cut in pay and for many business owners or self-employed, they will be fighting to keep their heads above water. In this podcast Maya and Mapalo provide tips and information on how prepare your COVID-19 budget and what you can expect from your financial providers in terms of support.    

In this time of unprecedented events Maya and Mapalo have put together a comprehensive strategy on how to manage your money in light of COVID-19. What to do with your investments, what to do if you are close to retirement and your options are if you have lost work or experiencing a drop in income.

In the first of our monthly City Press/Absa Money Makeover podcasts we chat to Absa financial adviser Steven Williamson about how he guided last year’s winner Samke to turn her finances around in just six months. We also hear from his candidate this year, newly-wed Nono about how her credit card is nearly paid off in just two months. Once again the Money Makeover challenge shows that if you take control of your finances, anything is possible.   You can also follow the Money Makeover journey in City Press, YOU magazine and on FaceBook @CPMoneyMakeover where you will be provided with additional tools and tips to implement your own DIY Money Makeover. Also listen to last year's winner Samke on how she turned her finances around in six months https://audioboom.com/posts/7287673-my-money-my-lifestyle-13-june-2019-how-i-got-out-of-debt-in-six-months

Listen to the budget speech highlights and low downs with Maya and Mapalo -– what it means to the ordinary South African as well as the risks building towards a possible downgrade. Maya also chats to Sharon Machutchon of Mazars about the removal of exchange controls for individuals and how expats are going to be taxed from 1 March. 

While her current car has been a reliable mode of transport, Mapalo faces the reality that after eight years, it is time to buy a new one. What car should she consider? How does she work out her affordability and should she put down all her savings as a deposit? Maya and Mapalo chat to Elton Govender of http://www.autokustom.co.za/ about how to chose the right car and whether a second hand car makes sense.

The debt statistics, especially for higher income earners, are alarming. Figures released as part of National Debt Awareness month show that, on average, higher income earners have increased their debt by 50% since 2014. In this podcast Maya and Mapalo unpack the reasons for this debt spiral and what to do if you are no longer keeping your head above water.

One of the ways to find that extra cash to start saving is to review your fixed costs, like short-term insurance. In this episode Maya and Mapalo discuss some of the new insurance players in the industry that are using technology to drive down costs. They also share tips to create “invisible” savings

You want to invest, but don’t know where to start? Whether you have R500, R5000 or R50 000 to invest, the principles remain the same. In this podcast discussion Maya and Mapalo are joined by personal finance blogger StealthyWealth to share their collective wisdom on how to start investing. The bottom line? Just start 

This week, Maya (@mayaonmoney) and Mapalo (@womanandfinance) answer readers’ questions about retirement: when to take the cash and run or when to buy an annuity, how much you can draw of your capital and why good advice is worth paying for. They also give listener Thando, a young student, a few tips on how to start on the road to financial freedom.

In this first podcast edition for 2020 Maya and Mapalo discuss their own strategies to grow their net worth and how to set SMART goals. They also share the apps and tools they use to manage money.

In the final My Money, My Lifestyle podcast for 2019 Maya and Mapalo discuss how to prepare your finances for an uncertain future. Should you use your bonus to pay off debt or invest? Do you have enough pay  cheque left for Januworry and what does a Moody’s downgrade mean for your investments? We also include a discussion on identifying crypto scams and how to know whether you are using a trusted platform.

The last four years of poor market performance highlighted the risk of relying on capital drawdown in retirement. In this final edition of our Investment Series with Marriott Income Specialists, Maya and Mapalo discuss how to start building a retirement portfolio that will provide a predictable and sustainable income. 

Why you should invest offshore A decision to invest offshore should not be driven by fear but rather as part of a diversified investment portfolio for the best risk adjusted return. In this episode of Investment Series, Maya and Mapalo chat to Duggan Matthews and Lourens Coetzee from Marriott Income Specialists about offshore investing - where and how to invest as well as the tax considerations

Why women make great money managers. Maya and Mapalo discuss how women tend to approach money and finances and why this can be either an attribute or hold them back from taking necessary risk. Sean Sanders and Louis Buys from crypto platform Revix join the discussion sharing their experiences, not only on how women investors approach crypto, but also their own investing strategies, their successes and mistakes.  

Is it possible to invest in socially responsible businesses and make a return on your investment? In this podcast. Maya and Mapalo chat to Duggan Matthews and Lourens Coetzee from Marriott Income Specialists, who argue that in fact, only those companies that are socially responsible will deliver sustainable, long-term returns.

Do you know your net worth? In this podcast Maya and Mapalo discuss how to calculate your net worth and how to use it to track your financial progress. They also  look at the best ways to finance your home loan and whether it makes sense to focus only on paying off debt or finding a balance between investing and debt reduction

This week’s episode is part of our Investment Series where we focus on investing and specifically investing for a sustainable income. Maya and Mapalo chat to Lourens Coetzee and Duggan Matthews from Marriott about why investors are returning to a dividend focused investment strategy. What are dividends and how can how they can be used to create a passive income?

Cryptocurrency: Is this money, an asset or a get rich quick scheme? What exactly is cryptocurrency? Is it something we should be investing in and if so how do we do it? Maya and Mapalo ask the questions you may be too shy to ask. Cryptocurrency experts Sean Sanders and Louis Buys, co-founders of Revix, help us unpack the world of digital money 

In her book, “You are not broke, just pre-Rich” Mapalo explains that moving towards financial freedom starts with a state of mind. In this podcast Maya and Mapalo discuss what drives our buying decisions and how you can blow R200 a month on “unconscious” spending or use it to become a millionaire.   

Facing retrenchment is a very frightening experience, but you can manage the stress and financial fallout if you have a plan in place. Maya and Mapalo discuss the many options, including insurance, you may not even know you had that can lessen the financial blow. If you are facing retrenchment or know someone who is – listen to this podcast..

Have you ever thought of signing up to sell make-up, health drinks or cleaning products to make a few extra rand? Maya and Mapalo chat to journalist Angelique Ruzicka about whether direct selling is a way to make your millions or just a disguised pyramid scheme. Maya also chats to personal finance blogger Brendan Dale about why the profit when selling your home may actually be a loss.

With proper planning you can have that overseas trip without financial regrets. Maya, Mapalo and personal finance blogger Brendan Dale share their travel budget secrets 

With proper planning you can have that overseas trip without financial regrets. Maya, Mapalo and personal finance blogger Brendan Dale share their travel budget secrets

Maya and Mapalo speak to personal finance blogger Brendan Dale about how he manages his budget to achieve Financial Independence to Retire Early (FIRE). Is it a fad or something we could all apply to our finances?

Maya and Mapalo speak to personal finance blogger Brendan Dale about how he manages his budget to achieve Financial Independence to Retire Early (FIRE). Is it a fad or something we could all apply to our finances?

In this week’s edition, Maya and Mapalo explain how you can pay your house off as quickly as your car and discuss how easy it is to fall for a scam. The recent raid by the authorities on CoinIt and Commex Minerals highlights the rise of dubious investment offers which are aimed at financially desperate people.

In this week’s edition, Maya and Mapalo explain how you can pay your house off as quickly as your car and discuss how easy it is to fall for a scam. The recent raid by the authorities on CoinIt and Commex Minerals highlights the rise of dubious investment offers which are aimed at financially desperate people.

Maya and Mapalo discuss the dangers of signing up for a credit facility as well as how your partner’s debt can impact your credit score  

Maya and Mapalo discuss the dangers of signing up for a credit facility as well as how your partner’s debt can impact your credit score

If you have an investment policy someone is earning commission on it. When did you last speak to your adviser and do you even know who they are? Maya and Mapalo discuss commissions, fees, advice as well as why you need to start being more careful about protecting your online data. 

If you think the signing in of the debt relief bill means your debt woes will soon be over, think again. Maya and Mapalo look at the implications of the so-called debt relief bill both for consumers and credit providers.

Building a long-term share portfolio requires more homework than just investing in the latest hot stock you heard about around the braai. Maya and Mapalo discuss what it takes to make the right investment decision

Maya and Mapalo explain the evils of balloon payments and why they explode your finances. They also provide some tips on how to settle that balloon payment hanging above your head.

How much tax do you save by investing into an RA? What is the tax bill when you cash out? Why is it a bad idea to use your pension to settle your debts? If you are thinking about cashing in your retirement fund or starting one, listen to Maya and Mapalo’s responses to reader questions

From buying groceries to building wealth, Maya and Mapalo discuss the evolution of stokvels and the power of collective investing  

Who should you select as an executor and what happens to your retirement funds when you die? Maya and Mapalo unpack what you need to consider when writing up your Will

Does shopping around for competitive quotes really affect your credit score? Maya and Mapalo unpack the myths and the facts around what affects your credit score and how you can improve it

By having a blood test you can significantly reduce your life cover premium, so why are people so reluctant to do so? Maya Fisher-French and Mapalo Makhu chat to Liberty expert Lisa Gibbon to understand what risk factors are considered when calculating your premium and what you can do to ensure a competitive premium.

Media coverage around disallowed claims by life insurers has tarnished the industry. In this podcast Maya Fisher-French and Mapalo Makhu chat to Dr Thabani Nkwanyana, lead specialist medical officer at Liberty on why a claim would be turned down – your rights and responsibilities. We also look at principle of re-constituting a policy in the case of non-disclosure. Is this a fairer option to both the customer and the insurer? 

Money Makeover winner Samke chats to Maya and Mapalo about her experience of struggling with debt from her first paycheque and how she achieved her goal of being debt-free by the age of 27. Ahead of Youth Day, Samke’s story highlights the challenges around the lack of financial education for young people, but also a how, with the right attitude and motivation, you can take control and change your life.   This podcast was sponsored by the Banking Association of South Africa 

Does it make sense to switch your life cover? Does your life policy have a surrender value and what happens to all those premiums you paid if you switch to another provider? If you are considering switching, what questions should you be asking?   In this week My Money, My Lifestyle Podcast Maya and Mapalo speak to Liberty expert Henk Meintjes to understand exactly how life cover works and the real value of your existing policy

: Life insurance is the easy part – you die, you get paid, but what about all those other insurances that we are told we need, like income protection, disability lump sum insurance and critical illness? What do they mean and when do we need them? Maya and Mapalo chat to Liberty expert Kresantha Pillay to help unpack the confusing terminology.

Complaints about vehicle insurance is the most common grievance received by the Ombuds for Short-term insurance. Maya and Mapalo discuss what fine print to check on your car insurance. Before that, it's about how to start and where to save for that emergency fund? Maya and Mapalo also discuss why you should prioritize your emergency fund, even before debt repayment.

Have you been a victim of a loan scam?   Maya and Mapalo discuss the modus operands of loan scams and also unpack the details of the Barlowworld Kula Zizwe BEE offering. To join the conversation send us a Whatsapp voice note to 064 554 3959  

Finances 101 for the self-employed: Maya and Mapalo discuss the best strategies, and their personal experience, on how to manage your income when you work for yourself

Is now the time to invest in the market? Maya and Mapalo discuss market predictions  and also warn about why trying to time the market is the quickest way to lose money

Why your marriage contract could see you responsible for your partner’s pre-marriage debt. Maya Fisher-French and Mapalo Makhu discuss the ins and outs of marriage contracts and what it takes to be a millionaire within five years 

Why it takes forever to reduce your home loan, Maya Fisher-French and Mapalo Makhu discuss why that extra R500 into your home loan makes such a big difference and why you should start saving for your kids’ education.

How to budget for eating out, shoes and all those other luxuries – Maya Fisher-French and Mapalo Makhu discuss budgeting and what you need to be aware of when you buy an annuity in retirement

Why would a parent want their kids to take on car debt? Maya Fisher-French and Mapalo Makhu discuss the other side of black tax in this week’s My Money My Lifestyle podcast and provide a remedy if choosing the right ETF is giving you analysis paralysis.

You want to start paying off your debt but just don’t know where to start? Maya Fisher-French and Mapalo Makhu provide a step by step guide. To join the conversation send us a voice note to 064 554 3959.

Is your dream car causing you nightmares? Do you just want to give the keys back? Maya Fisher-French and Mapalo Makhu discuss the do’s and don’ts when it comes to giving your car back. To join the conversation send us a voice note to 064 554 3959

Are banks racist? Do you really get 55 days interest free on your credit card? Should I buy an apartment or a car – asks a 23 year old. Maya Fisher-French and Mapalo Makhu discuss this week’s headlines in City Press’s money section. To join the conversation send us a voice note to 064 554 3959

How much do you save by paying a deposit on your car? How much tax is in your fuel bill? What does it take to retire early? Maya Fisher-French and Mapalo Makhu discuss this week’s headlines in City Press’s money section

Banks reverse illegal debit orders, is TymeBank worth the switch and dispelling those money myths that hold you back from creating wealth - Maya Fisher-French and Mapalo Makhu discuss this week’s headlines in City Press’s money section

Is your adviser really acting in your best interests, what you need to know before taking out a joint bond and why you cannot take your retirement annuity as a lump sum. Maya Fisher-French and Mapalo Makhu talk about the articles making headlines in the Money section of City Press.

Could early retirement release the entrepreneurial spirit? Listen here For the full post-budget podcast hosted by @mayaonmoney go to https://soundcloud.com/maya-on-money/my-money-my-lifestyle-budget-2019-podcast-with-liberty

How much tax are you paying at the petrol pumps? Listen here For the full post-budget podcast hosted by @mayaonmoney go to https://soundcloud.com/maya-on-money/my-money-my-lifestyle-budget-2019-podcast-with-liberty

Don’t be fooled, you are paying more tax: Listen here For the full post-budget podcast hosted by @mayaonmoney go to https://soundcloud.com/maya-on-money/my-money-my-lifestyle-budget-2019-podcast-with-liberty

How did the market respond to the budget? Listen here For the full post-budget podcast hosted by @mayaonmoney go to https://soundcloud.com/maya-on-money/my-money-my-lifestyle-budget-2019-podcast-with-liberty

What would a credit downgrade mean? Listen here For the full post-budget podcast hosted by @mayaonmoney go to https://soundcloud.com/maya-on-money/my-money-my-lifestyle-budget-2019-podcast-with-liberty

Why government finances look a lot like most South African households: Listen here For the full post-budget podcast hosted by @mayaonmoney go to https://soundcloud.com/maya-on-money/my-money-my-lifestyle-budget-2019-podcast-with-liberty

What the budget means to your money and investments Was this budget enough to prevent a credit downgrade and what does that mean for our finances? How much tax are we really paying, are prescribed assets still a possibility and has retirement reform stalled? Listen to financial journalist Maya Fisher-French discuss these topics with industry experts Vimal Chagan, Faeeza Khan, and Carlo Gils

The My Money, My Lifestyle podcast featuring the contributors to the City Press Personal Finance pages. How much can you save by shopping around for funeral cover, what are those hidden costs that are fleecing you each month and how to pay less tax through investing, Maya Fisher-French (@mayaonmoney) and Mapalo Makhu (@womanandfinance) discuss this week’s headlines in City Press’s Personal Finance section

The My Money, My Lifestyle podcast featuring the contributors to the City Press Personal Finance pages. Understanding the difference between a unit trust and an exchange traded fund, how to protect yourself from SIM swops and how to turn your finances around , Maya Fisher-French (@mayaonmoney) and Mapalo Makhu (@womanandfinance) talk about the articles making headlines in the Personal Finance section of City Press.

The My Money, My Lifestyle podcast featuring the contributors to the City Press Personal Finance pages. From how to invest in a cow, enjoying your money and why cash has been king, Maya Fisher-French and Mapalo Makhu talk about the articles making headlines in the Personal Finance section of City Press

The My Money, My Lifestyle podcast featuring the contributors to the City Press Personal Finance pages. From how to settle your balloon payment, whether to cash in your pension and all you need to know about tax-free savings, Maya Fisher-French and Mapalo Makhu talk about the articles making headlines in the Personal Finance section of City Press

From how to invest with as little as R500 to how to save money by using credit, Maya Fisher-French (@mayaonmoney) and Mapalo Makhu (@womanandfinance) talk about the articles making headlines this week in the Personal Finance section of City Press.