Maximising Wealth, Minimising Tax
A comparative look at retirement annuities versus tax-free savings accounts. When it comes to personal finance, every individual has different needs, dreams and financial goals, as well as different pathways to achieving those objectives. One of the most common long-term ambitions shared by many South Africans is to retire comfortably—to live confidently, knowing that there […]
Essential Financial Lessons Every Parent Should Pass Down
It’s true; financial literacy is as crucial as academic education, and many of us find ourselves reflecting on the lessons we wish were imparted by our parents. Growing up in South Africa, where economic challenges and opportunities coexist, understanding money management from an early age could have set a solid foundation for personal financial success. […]
What is the Difference Between a Business Consultant and an Advisor?
In South Africa, where businesses often face unique challenges and opportunities, the roles of business consultants and advisors are often crucial. Both consultants and advisors provide strategic advice, but their approaches, areas of expertise, and the nature of their engagement with clients can differ significantly. Business consultant: Strategic expertise and specialised solutions Business consultants in […]
Three Innovative Approaches to Boost Your Retirement Savings
Retirement planning is absolutely key to your financial well-being, but let’s face it, as those golden years inch closer, a lot of us start to worry if what we’ve saved up is really going to cut it. Sure, sticking to the tried-and-true savings plans is essential, but why not think outside the box a little? […]
Why Honesty Is the Best Policy When Dealing with Your Financial Advisor
The foundation of any relationship with a financial advisor is built on trust and transparency. Clients are expected to share intimate details about their financial lives, similar to how one would discuss health issues with a doctor. This level of openness ensures that advisors can provide tailored advice that accurately reflects the client’s financial health […]
Stop drifting and start growing
Planning ahead helps you grow ahead Are you struggling to manage your time effectively, leading to a lack of focus when it comes to your long-term and short-term business and individual goals? At BFS Konsult, we know that financial planning is not a one-time event but an ongoing process that requires regular review […]