Tag: Rory Brachner
The hidden cost of bargain-hunting this Black Friday
As South Africans gear up for the Black Friday rush, the excitement of “unmissable” deals intensifies. The promise of saving big often hides a deeper truth. Most shoppers end up spending more, not less. This reality reflects the hidden cost of bargain-hunting, which often slips past unnoticed. The thrill of discount shopping can quietly erode long-term wealth.
What does great financial advice look like?
There are tens of thousands of financial advisors in South Africa, but there is considerable variability in the quality of advice they offer. Many will focus on investments and other financial products you may need, but a good advisor’s role is a more demanding one.
Subscription-based financial advice gains traction among young consumers
Our financial decisions are consequential, it makes sense to have a trusted expert in our corner. However, it’s important to understand how your financial advisor earns their money and ensure their incentives are aligned with yours. Having a discussion around fees can ensure they are actually working for you, and not just selling financial products.
