When it comes to money, we all face unique challenges and opportunities. However in order to reach our financial goals, we need to have a solid plan in place. In the weekly #BeFinanciallySmart feature on the Azania Mosaka Show, FNB Head of Consumer Education Program Eunice Sibiya shares some insight on the important role a financial adviser plays in helping you achieve your financial dreams and aspirations.
According to stats, less than 6% of South Africans have enough in retirement and approximately 75% of household income goes to debt.— Eunice Sibiya, Head of FNB’s Consumer Education Program
South Africans are heavily indebted says Eunice Sibiya, sometimes it feels like the income we earn will never be enough for us to sustain our lifestyle and because of this struggle to make ends meet we often turn to the wrong people for help.
It doesn't matter how much or how little you earn, you need to seek professional guidance when it comes to your finances.— Eunice Sibiya, Head of FNB’s Consumer Education Program
However, Eunice does suggest that before you seek help from a financial adviser you need to check that they have the correct credentials because some people do encounter some bad experiences.
Your financial adviser should have a post graduate qualification in Financial Planning, at least three years of financial planning related experience and they must subscribe to the Financial Planning Institute's Code of Ethics and Professional Responsibility.— Eunice Sibiya, Head of FNB’s Consumer Education Program
Here are 6 benefits of having a financial adviser
- They give you access to industry knowledge
- They adapt your ever changing lifestyle
- Your financial adviser will exercise caution and guide you
- You have peace of mind knowing that your finances are taken care of
- Financial advisers help you achieve your your long-term financial goals
Listen to the full interview below