Nicki Bompani

Recent Posts

Low-risk vs high-risk Investments: What's the difference?

Have you ever considered investing in stocks listed on the JSE? It may appear to be the best way to invest your money and turn it into a growing asset that will provide a better future for you and your family.

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The power of compound interest on your savings

There are many key concepts to take into consideration when managing your finances, one of which is compound interest.

By understanding the effect and benefit of compound interest, you'll be able to earn a higher return on your savings and investments. 

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The key components of financial literacy

Financial literacy refers to a basic understanding of money and its four pillars: debt, budgeting, saving, and investing. It's knowing how to use the power of these foundations to create wealth over the course of one's life.

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New Analysis: Why ABSA killed SA's 3rd largest unit trust?

Absa's Money Market Fund, which was SA's third-largest unit trust and was worth R800 million at the time of its closure, has sparked a lot of speculation. Following the Money Market Fund's closure, the big question is:

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Debt Management – What are my options?

The more money you owe, the less likely you will be able to repay your debt. The only good debt is money that you borrow in order to make more money, like an investment. Make sure your finances are organised, know who you owe money, decide which debt to pay off and put together a monthly budget.

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Save effectively to keep you debt-free

In an over-indebted country such as South Africa, learning how to save effectively can be just the secret weapon you need to stay out of debt. Yes; it is challenging having to choose between saving for an emergency and paying off debt, but it is important that you do both.

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Should you take a personal loan when under debt review?

National Credit Act (NCA)

Simply put; you need to avoid loans at all costs when you are under debt review. Taking a personal loan when you are under debt review can cost you everything you’ve worked very hard for.

When the National Credit Act (NCA) introduced debt review in 2007; many South Africans have since been assisted and prevented from being blacklisted, having their assets repossessed, or living with a heavy burden of debt.

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Tips on improving your credit score.

You probably know that your credit score is a big factor in getting a loan, but you may not realise just how much of an impact it can have on all aspects of your financial life. Your credit score can influence everything from interest rates and insurance premiums to apartment rentals and even job eligibility.

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How do you choose the best funeral cover in South Africa?

Some of the best funeral cover options in South Africa are:

  • Assupol funeral cover
  • Avbob funeral cover
  • Capitec funeral cover
  • Clientele funeral cover
  • FNB funeral cover
  • Hollard funeral cover
  • Meerkat funeral cover
  • Metropolitam funeral cover
  • Old Mutual funeral cover
  • Outsurance funeral cover
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Dust Off Your Budget - Here's how to clean your finances in 2021

Dust off your goals

Spring is the perfect time to bring your New Year’s goals back to life. What were you budgeting for? Were you saving for that dream holiday? Have you ticked any of these goals off yet? If not, now’s the time to spring into action and get back into the swing of things!

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