Being a high-earner does not automatically make you a wealthy person. In fact, as Jessica Hubbard, one of our contributors reports, a depressingly small percentage of those who earn big salaries manager to transfer that into being high net-worth individuals and families. So how can you avoid the debt trap awaiting the big-bucks earners? Click to read the article: “Are you truly wealthy or a debt-ridden wannabe?”
The issue of woman’s relationship to finance and money is interesting. One of our contributors, Jessica Hubbard, wrote an article for Finweek in which I participated. Click to read the article: “Fear and Loathing: Are woman not fully financially empowered yet?”
Behavioural Economics has become firmly established as both a tool through which to assist people with their finances, as well as a lens through which to assess and analyse the way we handle money.
While it is still a relatively new concept in South Africa, perhaps we can draw on the discipline to tackle our dismal savings rate and poor financial habits?
In this brief excerpt from a Finweek magazine cover story by one of our contributors, Jessica Hubbard, she asks the question…
Are We Born to Spend?