Change is the only constant.
She had the following advice (listen to the audio below for more detail):
Finances of relocation:
Work backwards from rental affordability.
Research before buying property – buying immediately may not be the best route until you’re familiar with your current and future needs (i.e. work-home distance, schooling of current or future children, growth areas or established areas, etc.)
- Keep tabs on all expenses that need to change or that you still have to honour after the move (particularly security services, Eskom accounts, Telkom accounts and any other location specific subscriptions) as ignorance of these may hit your credit score hard.
Cost your single life before you jump ship.
Have a buffer for legal fees and ask about payment terms and conditions.
- Determine your financing and banking reality without the support of your spouse.
Finances of being globally mobile:
Discuss available options of your offshore base with your banker or financial advisor.
Research cost of living overseas (education, property, travel, domestic help, etc.) given your specific family circumstances and keep abreast of these at all times, especially to SA-preferred destinations such as Australia, the UK and the US.
- Research citizenship options (E.g. investments amounts needed to gain permanent residency or citizenship). Keep abreast of these as it will add to your competitive advantage should there be mass movement towards your preferred destination. You are not only competing against other South Africans, but also against the rest of the world.
What does Citadel’s famed disciple of contrarian, deep-value investing Dr Adrian Saville hope for (and fear) about money?
The Money Show’s Bruce Whitfield interviews Ford South Africa CEO Jeff Nemeth.
Bruce Whitfield interviews J Brooks Spector, Daily Maverick’s expert on all things American, for his weekly business book review.
Looking for great investments? Herenya Capital Advisors’ Petri Redelinghuys says you need not look further than these three…
The Free Market Foundation's Leon Louw, however, calls Oxfam "OxScam" and says the organisation does not care about poor people.
Divorce destroys wealth. But it doesn’t have to be this way, says financial advisor Warren Ingram.
Dr Chris Smith explains why some people are more desirable than others to mosquitoes.
M&G's Pauli Van Wyk speaks about Public Protector's preliminary report implicating Absa, Reserve Bank, Treasury and Presidency.
Over 100 corrupt Joburg licensing officials will be arrested, explains Herman Mashaba who says it's just the tip of the iceberg.
Social Development announced that 80% of social grant beneficiaries who wrote matric exams obtained a diploma or bachelor pass.
Property economist at FNB, John Loos, says the drop in house prices is due to slow pace in economic growth.
Department of Water and Sanitation says recent rains have increased the Vaal Dam levels but more is still needed.
Political analyst Prince Mashele says Nkosazana Dlamini-Zuma doesn't qualify for presidency and has nothing to offer to citizens.
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.
South Africa's top-selling female recording artist in history, Patricia Lewis, tells Xolani Gwala about what she is up to now.