Know Your Money with Bronwyn Waner and Craig Finch

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Ready to make 2024 your best year yet? Buckle up as we, your hosts Craig, Warren and Bronwyn, guide you on this exciting journey of planning for success and fulfillment in the year ahead. We'll introduce you to the practical "wheel of life" tool, a strategy to gauge and improve various aspects of your life. Learn how to design an "ideal week", allocating time for your family, health, and joy while keeping your bigger goals in sight. We can't stress enough how crucial time management is for a prosperous year, so we'll show you how to carve out time in your calendar for your critical goals.

Ever wondered how planning can lead to a more enjoyable life? We're about to reveal that secret in the second part of our discussion. We'll share some insider tips and best practices to help you squeeze the most out of 2024. And because we know how important your financial stability is, we urge you to seek personalized advice from a financial planner. Don't forget to stay tuned to our podcast for more insightful financial information. So, are you ready to take the leap into 2024? Let's make this upcoming year unforgettable together.

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www.growthfp.co.za

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Have you ever wondered how to make the most out of your rewards programs? Imagine being able to save up enough points for a significant purchase just by understanding and strategically using these programs - a prospect we explore in this enlightening chat. Discover the art of linking your various accounts to such programs, gaining valuable insights into their intricacies, and accumulating points for meaningful expenses. 

From saving miles for a dream purchase to using your reward points for annual school supplies, we've got you covered. In this episode, we also delve into incorporating rewards into your broader financial strategy. the hosts share their personal experiences, highlighting the benefits they have enjoyed from meticulously amassing air miles. Whether you're a seasoned pro at rewards programs or still trying to figure out your Clicks club card, we promise this discussion will help improve your money management skills, one reward point at a time. Tune in and let's revolutionize our approach to those reward points together!

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What if you found out you’ve been a victim of credit fraud? That's exactly what happened to our sound engineer, Warren! In this eye-opening chat, we delve into Warren's unsettling experience of credit card fraud, a vivid reminder of the constant menace it poses. We discuss how this incident has reshaped our perspective on financial security and inspired us to stay more vigilant about our financial transactions.

We wouldn’t want you to walk in Warren's shoes, and in an effort to prevent that, we've come up with an arsenal of practical tips to help safeguard your money. Discover the benefits of having a cardless account, setting lower limits on credit cards, and the importance of regular account statement reviews. We also expose common fraud tactics like misleading emails and suspicious online promotions and share strategies to dodge these pitfalls. Listen in to learn how to navigate the treacherous waters of financial security and remember, assume it's nonsense unless proven otherwise!

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Are you tired of feeling overwhelmed by the word "budget"? Ready to ditch the dread and start feeling empowered by your finances? Join us as we chat about Ramit Seti's revolutionary approach from his Netflix series, How to Get Rich. We discuss his concept of a conscious spending plan, a fresh take on money management that veers away from the conventional budgeting methods that leave so many of us feeling stressed. Our conversation dives into the psychology of money and the impact our behaviors and attitudes have on our financial decisions. We even talk about an unconventional idea - having a "date" with your money, fostering a healthy, open dialogue with our finances.

In the second half of the episode, we share our tips on starting your own conscious spending plan. Imagine viewing money as an asset, something to be nurtured and valued, instead of a source of anxiety or stress. We introduce the 22seven app by old mutual in South Africa, a tool designed to provide an accurate snapshot of your financial situation, helping you to manage your assets and bank accounts effectively. Remember, it's alright to take baby steps, to focus on one aspect that truly speaks to you. Being conscious about your spending doesn't have to be a daunting task - it can be an enlightening, empowering journey. So, let's break the stigma surrounding money management, and start a new chapter in our financial health.

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Please subscribe to our podcast or have a look at our website 
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Ready to transform your relationship with money? Buckle up as we, your hosts on Know Your Money, navigate the world of financial planning with you. Let us guide you on how to smartly manage your finances - from saving for annual subscriptions, to setting aside funds for big-ticket items. Tune in as we share personal experiences and strategies that will help you understand the benefits of creating 'buckets' for different types of expenses and how this can prepare you for any financial surprises. 

In this rollercoaster ride of financial wisdom, we’ll also talk about how being mindful of your spending and setting up a 'conscious spending plan' can help you manage your finances better. We'll share nuggets of wisdom from our own journey, like how setting aside a certain amount monthly helped relieve the stress of large expenses such as children's school holidays and car maintenance. If you're juggling financial commitments like managing a subscription or saving for a house, we've got you covered. This episode promises to arm you with practical advice and financial insights that you wouldn’t want to miss. Let's get started!

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Please subscribe to our podcast or have a look at our website 
www.growthfp.co.za

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What happens when you stumble upon a financial windfall? Your ship comes in, and you're suddenly left with a considerable sum of money - perhaps from a house sale, a disability payout, or an inheritance. This episode is your guide through the unexpected twists and turns that accompany an influx of wealth. We share real-life experiences of our clients who've navigated their own financial windfalls, exploring how being a saver or spender can dramatically influence your decisions.

The journey doesn't stop at mere practicalities. We dive deep into the psychological realm, discussing how underlying mindsets and beliefs about money play a crucial role in managing a windfall. At Growth Financial Planning, we've identified seven unique relationships with money, understanding which can significantly shape how you handle your finances. It's more than just a money talk; it's a deep-dive into the importance of mindset, financial planning, and the occasional lottery win. So join us, as we peel back the layers of financial psychology and help you prepare for that potential pot of gold at the end of the rainbow.

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Ever wondered how your financial advisor gets paid? Curious about what goes into their commission-based earning model? Welcome to our latest conversation where we unravel the mysteries of financial planning and the complex dynamics behind how financial advisors earn their income. Your trust is important to us, and that's why we firmly believe in open dialogues that can lead to a more successful financial plan. Join us as we go behind the scenes into the earning models of financial advisors, the role fees play in investment, and the importance of research before making any decision. 

In this episode, we dive deep into the risk factors that financial advisors face when investing in products. For instance, learn how a simple lapse in policy can significantly impact their earnings. Trust goes both ways - while clients need to trust their advisors, advisors also need to provide the best advice and build lasting relationships with their clients. We also explore the role of fees in your investment and how these can impact your overall financial outcomes. Our aim is to empower you with knowledge to make more informed decisions regarding your financial plans. Get ready to step into the intriguing world of financial planning!

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Ready to secure your financial future but unsure where to begin? Fear not, as we bring to you a comprehensive discussion on the critical role of a financial advisor. Grappling with the anxieties associated with the cost of hiring an advisor, we emphasize why starting young is the key. We weigh the financial landscapes of England and South Africa, shedding light on the indispensable nature of financial advisors in South Africa, given the absence of government pensions and state medical aid. Furthermore, we help you navigate through the ocean of financial products to find the ones that best suit your situation.

But the conversation doesn't halt there. We delve deep into the concept of transparency, a vital ally in staying aligned with your financial objectives. Discover how the right financial advisor can be your ticket to achieving your financial milestones, and how to find this perfect match. For those of you with intricate queries about your personal finances, we underscore the importance of seeking advice from a financial planner. Join us for an enlightening discussion as we empower you to make informed financial decisions, offering insights on tax minimization, succession planning, and the dynamic world of financial products. Tune in today and take charge of your financial journey!

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Please subscribe to our podcast or have a look at our website 
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Have you ever wondered how to maneuver the complexities of life annuities, or felt overwhelmed with deciding how to utilize your retirement lump sum effectively? Enter the world of Know Your Money, where our financial experts Craig and Bronwyn untangle the intricacies of life annuities. We dive headfirst into the often-difficult decision between purchasing a living annuity or a life annuity, and we transparently discuss the potential benefits and risks of each choice.

Our episode unfolds different scenarios and how they could influence your financial decisions, whether you're planning alone or considering a joint life annuity with your spouse. We probe into the ways your financial future can change based on your choices, like opting for an income increase, incorporating a guaranteed period, or choosing a voluntary life annuity. As we wrap up this illuminating conversation, we leave you with a glimpse into our next episode where we delve deeper into living annuities. So, join us in this journey to take control of your financial future with Know Your Money. Don't miss it!

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Please subscribe to our podcast or have a look at our website 
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Ready to debunk some myths around late-joiner penalties in medical aids? Prepare to journey into the intricacies of how these penalties are calculated, based on factors like age, duration on medical aid, and the gap without medical aid. You'll hear about how penalties can range from 5-75%, applied monthly, and how you can save yourself the penalty if you're under 35. Imagine a life where you're not burdened by these penalties - we're here to guide you there! Plus, for those of you planning to emigrate, we've got some valuable advice about what happens with your medical aid.

Moving on, we'll tackle medical aid upgrades, downgrades, and the waiting periods. Learn how to strategically navigate changing your medical aid plan, and the potential pitfalls you need to steer clear of.  We'll shed light on the implications of not being able to afford medical aid, and discuss the importance of supporting your parents' medical aid despite the challenges of inflation and waiting periods. Let's get you armed and ready to take control of your medical aid without the stress. Let's get started!

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Please subscribe to our podcast or have a look at our website 
www.growthfp.co.za