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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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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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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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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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What if you could maximize your retirement annuity for an even better tax break? Join us, as we unravel the complex world of disallowed contributions in retirement annuities. We share the insider scoop on how the contribution limits work, including your pension, provident, and retirement annuities. Our discussion dives deep into these financial decisions and explores what happens if you exceed these limits.

We also reveal how disallowed contributions could surprisingly work in your favor in the long run. Listen in as we talk about the compounding effect on your retirement annuity or pension fund and how this can lead to tax breaks during your golden years. We explain how your accumulated disallowed contributions can increase the amount you can withdraw tax-free when your retirement annuity matures. Furthermore, we'll share a secret on how you can potentially avoid paying tax on your living annuity if you've accumulated a significant amount of disallowed contributions. Tune in for a wealth of practical financial knowledge.

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Do you ever question why you make certain decisions with your money? Are you constantly feeling like you’re undervaluing yourself, both in your personal life and business? Buckle up, because we're taking a deep dive into the fascinating world of financial psychology with our lovable guest, Lisa. She’s back to guide us through an engrossing session of Neuro-Linguistic Programming (NLP), and let's just say, it's an eye-opener.

Warren, steps into the spotlight as he bravely volunteers to navigate his personal financial blockades. Together, we grapple with these intriguing questions about worth, value, and their impact on our spending habits. Tune in and explore this insightful journey of self-discovery and learn simple strategies to manage your finances more effectively. It's an enlightening exploration that you won't want to miss!

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Ever find yourself wondering how the way you talk about money affects your stress levels and overall quality of life? Prepare yourself for a transformative episode as we bring on board Lisa, an expert in Neuro-Linguistic Programming (NLP) and timeline therapy. We navigate through the intriguing realms of money mindsets, linguistic patterns and their immense influence on our lives. Lisa shares her insights on how the conscious use of language in our self-talk and conversations can unlock positive outcomes and considerably lower stress levels.

We take a step further into understanding the pivotal 'cause and effect' concept that empowers us to take control of our lives. Delving into the fascinating world of behavior patterns and neural pathways, Lisa guides us on creating lasting change by forming new, beneficial patterns. She also enlightens us with the 'fried egg' analogy, teaching us not to let anyone dim our light. This episode is not just for finance wizards but for anyone who wishes to gain valuable insights into their relationship with money and life. So buckle up and get ready for a profound, life-altering session.

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What if the greatest investment you could make wasn’t in stocks or property, but in knowledge? Buckle up as we journey into the power of financial literacy and its practical application in our lives. Drawing inspiration from the renowned book 'The Richest Man in Babylon', Craig, shares his takeaways and how it revolutionized his perspective on personal growth and financial independence. Meanwhile, our sound engineer, Warren, provides a compelling narrative on how 'The Compound Effect' sparked his realization on the power of incremental changes in securing financial growth.

Beyond the dollars and cents, we tackle the often-overlooked aspect of financial health – balance and reflection. We delve into how cultivating a balanced lifestyle can profoundly influence your relationship with money and budgeting. It's not just about tallying numbers, but understanding yourself, your habits, your decisions, and channeling towards self-improvement. Join us as we walk through different financial scenarios, underscoring the importance of informed decisions when it comes to money management. This episode promises a wealth of practical advice and nuggets of financial wisdom – whether you're plotting your savings route, battling debt, or unraveling your spending habits.

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