Be Financially Smart with FNB

5 reasons why you need a financial adviser

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

  1. They give you access to industry knowledge
  2. They adapt your ever changing lifestyle
  3. Your financial adviser will exercise caution and guide you
  4. You have peace of mind knowing that your finances are taken care of
  5. Financial advisers help you achieve your your long-term financial goals

Listen to the full interview below


Recommended

by NEWSROOM AI
Read More
Smart money management techniques to reach your financial goals

Smart money management techniques to reach your financial goals

FNB Expert Ester Osche wraps up the #BeFinanciallySmart feature by highlighting some important techniques you need to adopt to be well on your way to financial freedom.

Saving should be the most important part of your budget says FNB's Ester Osche

Saving should be the most important part of your budget says FNB's Ester Osche

For the past few weeks, the Be Financially Smart experts have been delivering excellent insights on saving and investing your money. It is an essential part of building your wealth

Investing for retirement and the best time to start

Investing for retirement and the best time to start

How much time do you have left before your monthly income stops? The earlier you start saving for your retirement, the better!

How to juggle the stock market smartly for long-term investing

How to juggle the stock market smartly for long-term investing

The Azania Mosaka Show kicks off Savings Month with a discussion about stock markets and long-term investing.

Property investing as a good long-term investment

Property investing as a good long-term investment

FNB Expert Ester Osche discusses how to turn a property into a stable and rewarding long-term investment,

How to spot an investment scam from a mile away

How to spot an investment scam from a mile away

We've all heard stories of people falling victim to poor investment decisions. Here's what you need to look out for.

Popular articles
'I don’t spend much. I drive an old car. I’ve never been in debt'

'I don’t spend much. I drive an old car. I’ve never been in debt'

Bruce Whitfield interviews analyst Chris Gilmour about his attitude toward money (hopes and fears, successes and failures, etc.).

Menthols far deadlier than regular cigarettes, finds FDA. BAT shares tumble 11%

Menthols far deadlier than regular cigarettes, finds FDA. BAT shares tumble 11%

A proposed FDA ban wiped R176bn from British American Tobacco's market cap. Bruce Whitfield talks to Dr Richard van Zyl-Smit.

Daughter of Timol murder accused Joao Rodrigues reveals sexual abuse

Daughter of Timol murder accused Joao Rodrigues reveals sexual abuse

Tilana Stander talks about the abuse she suffered at the hands of her father.

WATCH:  Crash, bang, wallop! How would YOU explain this to YOUR boss?

WATCH: Crash, bang, wallop! How would YOU explain this to YOUR boss?

The woman comes out of the crash without a scratch but is visibly distressed by the incident that she may have to explain later.

[LISTEN] Steinhoff explained: 100 times more looted in Steinhoff saga than VBS

[LISTEN] Steinhoff explained: 100 times more looted in Steinhoff saga than VBS

Steinhoff’s Web of Deception: An Explainer with Financial Mail journalist Warren Thompson.

[WATCH] Iceland’s Christmas advert banned- for being too political

[WATCH] Iceland’s Christmas advert banned- for being too political

Khabazela shares tweets and Facebook posts that have gone viral.

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)