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Compound Interest: The Eighth Wonder of the World

Compound Interest: The Eighth Wonder of the World

by O'Hagan Attorneys | Mar 31, 2023 | Financial Planning, Saving & Investing

“If you understand compound interest, you basically understand the universe.” (Robert Breault) Don’t be simple One of the best ways to understand compound interest is to know what it’s not — the appropriately named simple interest. This easy example illustrates the...
Should You Ask ChatGPT for Financial Advice?

Should You Ask ChatGPT for Financial Advice?

by O'Hagan Attorneys | Mar 31, 2023 | Financial Planning

“Artificial Intelligence is the future … and the future is here.” (Dave Waters) Artificial intelligence (AI) language models like ChatGPT are incredibly exciting. The ability that they have to bring together information and provide answers to a wide range of questions...
How the 2023 Budget Will Impact Your Pocket

How the 2023 Budget Will Impact Your Pocket

by O'Hagan Attorneys | Mar 31, 2023 | Economy, Financial Planning

Finance Minister Enoch Godongwana’s 2023 Budget Speech has been widely described as “conservative.” Most experts agree that it contained few surprises and many feel that it didn’t do enough to address the myriad challenges facing the South African economy. While it’s...
Avoid These 6 Barriers to Wealth Creation

Avoid These 6 Barriers to Wealth Creation

by O'Hagan Attorneys | Feb 28, 2023 | Financial Planning

“When money realizes that it is in good hands, it wants to stay and multiply in those hands.” (Idowu Koyenikan) This month we take a look at six of the most significant barriers to wealth creation and financial independence. No matter where you are in your life...
Invest With FIRE and Never Look Back

Invest With FIRE and Never Look Back

by O'Hagan Attorneys | Jan 31, 2023 | Financial Planning, Saving & Investing

Retirement is wonderful if you have two essentials: much to live on and much to live for. (Anonymous) As the economy struggles to get back on its feet, many clients have approached us to ask how they can save better and invest smartly. So, we thought it was a good...
Why too Much of a Good Thing Can be a Bad Thing

Why too Much of a Good Thing Can be a Bad Thing

by O'Hagan Attorneys | Jan 31, 2023 | Financial Planning, Saving & Investing

What would you do if you were given R2 million and told you had to invest it in property? You might think of buying a nice flat in Cape Town’s southern suburbs that you could rent out to students. That should give you an attractive yield in what seems like a good...
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