Terence Tobin hosts this podcast series to discuss various aspects of wealth creation, financial planning, business, marketing, tax and investments with both a local and global markets in mind. My aim is to have the podcast recordings to be under 10 minutes, for a quick lesson. Focusing on your financial wellbeing, Terence and his guests will cover a wide range of topics, covering personal and business financial planning, tax, accounting, investments, money managements and ultimately wealth creation and wealth preservation. Your questions and comments and guest recommendations are encouraged and welcomed. Email podcast@richideas.co.za and be sure to subscribe, comment, like and share.
Hey Dads (and moms), last month Matthew Fah and I had a chat about your financial planning. Pour your favourite drink and enjoy. Questions are welcome, send them to terence@richideas.co.za. Check out https://www.facebook.com/groups/247106040806503 too
Hey Dads (and moms), last month Matthew Fah and I had a chat about your financial planning. Pour your favourite drink and enjoy. Questions are welcome, send them to terence@richideas.co.za. Check out https://www.facebook.com/groups/247106040806503 too
What does it mean if SA is Grey Listed? Who is going to Grey List us? Will it affect my investments? What about my emmigration plans? All of these questions are more are answered in this podcast with special guest Tara Hibbard. Your comments and questions are welcome - please email podcast@richideas.co.za
September is Wills month for Rich Ideas. Recently I presented to staff at a company, as part of their wellness day. Here is the recording from that session. If you would like to discuss your will and estate planning - leave your details here - https://linktr.ee/terencetobin
Gavin Lewin shares his wisdom on keys to success and helping us define it. Is it is lots of money, fast car, big homes? Share your thoughts and comments about this podcast with us via podcast@richideas.co.za
Philip van der Merwe, financial planner at Rich Ideas, answers your questions about investments, risk and what to consider. 1) What effect do investment fees have on the long-term return of your investment? 2) Is it better to invest in a high-risk investment or a low-risk investment? 3) I have heard of the power of compounding. Can you explain what that means? 4) How much should I be investing each month? 5) Do I need a financial adviser? 6) Can I cash out my investment whenever I want? 7) How are shares and bonds different? 8) How do I choose which fund to invest in? 9) Is it better to invest or to pay off debt? 10) Is it better to invest in individual shares or in a fund?
This podcast Terence chats with Robin Botha, our trusted Charted Accountant. We discuss tax for small businesses, solopreneurs, self employed, salaried employees and what you should know. Topics like income tax, capital gains tax, dividends tax - which is best? How does provisional tax work and what happens when you get it wrong? Can self employed individuals claim home office expenses and what should you know? Robin's top tax tips for this tax year. Do you need help or have tax questions? Email Robin at tax@richideas.co.za
Africa from Talk Radio 702 speaks to Family Focused Financial Planner, Terence Tobin on whether partners should fully disclose their assets, liabilities, and credit reports to each other before marriage
As featured on the Easy Does It Podcast.... Allow us to introduce Uncle G, also known as Gavin Lewin. Uncle G is a business consultant, a Financial Planner, and most importantly, a mentor. Our favourite financial Oompie joins Dj @ Large to discuss Living Annuities and the rules that govern this type of investment. Gavin breaks down the Living Annuity into its simplest form in what is a truly insightful and down-to-earth conversation about investing for your retirement. With the different rules and regulations that surround this investment, you do not want to miss this simplified explanation of how Living Annuities work, as well as the opportunities in growing your portfolio. Did you know that before you get a Living Annuity you need to have had investments in a Provident Fund, a Pension Fund, or a Retirement Annuity? Make sure to check out EasyEquities' Retirement Annuities offering. Scary as it may be, start investing for your retirement today! Share the love with us on social media by letting us know what you think of the episode by tweeting @EasyEquities or tagging us on the gram! To sign up to EasyEquities: http://bit.ly/2EtcE85 DISCLAIMER: EasyEquities is a product of First World Trader (Pty) Ltd t/a EasyEquities which is an authorised Financial Services Provider. FSP number: 22588. This material is not intended as and does not constitute financial advice or any other advice and is neither exhaustive nor prescriptive. The views expressed by the contributor are his or her own (as an independently registered financial services provider, financial adviser or other independent capacity), and not necessarily endorsed by EasyEquities (as a separate financial services provider).
Cayleigh has been with Rich Ideas in our client service team and has learnt a lot about money and investments since she joined. In this podcast, she says her insights, her understandings and what she wishes other 20 years old could know. Your comments and questions are always welcome - podcast@richideas.co.za
Gavin Lewin takes over this episode of the podcast, to answer a listeners question. He unpacks, marketing plans, due diligence, solving customers problems, figuring out how your business fits in, when to register your business and ensuring business success, with scalable options. Send us your questions to podcast@richideas.co.za, with Podcast in the subject line. Book a complimentary consult with Gavin via www.richideas.co.za Wishing you great success with your business ventures. Book a Consult with Gavin
Do you have questions for my podcast? Email podcast@richideas.co.za Would you like financial planning and advisory assistance? Check out www.richideas.co.za
Do you have questions for my podcast? Email podcast@richideas.co.za Would you like financial planning and advisory assistance? Check out www.richideas.co.za
Do you have questions for my podcast? Email podcast@richideas.co.za Would you like financial planning and advisory assistance? Check out www.richideas.co.za
Do you have questions for my podcast? Email podcast@richideas.co.za Would you like financial planning and advisory assistance? Check out www.richideas.co.za
Do you have questions for my podcast? Email podcast@richideas.co.za Would you like financial planning and advisory assistance? Check out www.richideas.co.za
Do you have questions for my podcast? Email podcast@richideas.co.za Would you like financial planning and advisory assistance? Check out www.richideas.co.za
Do you have questions for my podcast? Email podcast@richideas.co.za Would you like financial planning and advisory assistance? Check out www.richideas.co.za
Do you have questions for my podcast? Email podcast@richideas.co.za Would you like financial planning and advisory assistance? Check out www.richideas.co.za
Do you have questions for my podcast? Email podcast@richideas.co.za Would you like financial planning and advisory assistance? Check out www.richideas.co.za
If you are planning on emigrating from sunny South Africa, how will this affect your retirement savings? Can you withdraw? Can you leave it? What about tax? How do we factor in the "what if" situations of life, politics, legislative changes, tax law changes and should we even worry about those? Do you have questions for my podcast? Email podcast@richideas.co.za Would you like financial planning and advisory assistance? Check out www.richideas.co.za
Should you have multiple retirement annuities, pension funds or provident funds? Will my retirement from my company affect my retirement annuity? Why can't a self employed person have a pension fund? The questions that are being sent through are amazing. Keep them coming - podcast@richideas.co.za
Is there a specific age one should start saving for retirement? How much should you be investing? Should I have a pension fund, provident fund, retirement? What investment options exist if I don't plan to retire in South Africa? What about if I am in my 20s and don't know where I will be? Terence do you have options for me? ABSOLUTELY!! Send your questions to podcast@richideas.co.za
Cayleigh askes me what changes can you make to your portfolio whilst invested. Could there be fees, when should you change portfolios, funds and advisors. Send your questions to podcast@richideas.co.za
When you in your 20's you have so much time to invest for retirement, right? Cayleigh and I chat about how much you should invest for your retirement goals and understanding what retirement actually means. Send your in questions or topic requests to - podcast@richideas.co.za
With so many options to consider, when investing for retirement, what should you do? I have a chat with JP, a retirement investment specialist and we unpack the workings of a pension fund, provident fund, retirement annuity, regulation 28, tax, what happens to your money at death and so much more. If you have any questions, email podcast@richideas.co.za
We are all familiar with cash, bonds, property and equities being part of our portfolios to grow and protect our wealth. What about lending? This unique asset class has many benefits. You earn a prime plus interest rate. This means as SARB adjust interest rates, you can continue to benefit from these returns. You get capital protection, no fees, minimal to zero risk and beat inflation 3-4 times. What am I on about? This week Cayleigh and I chat about sectional title body corporates, capital protection, fees, risk, returns and lending. Let's swop the roles from lending from a bank, to being like a bank and lending to others, in a legislated, protected environment. Need more info? Have questions? Email terence@richideas.co.za or WhatsApp 083 3379576
Recently we hosted a webinar, with Iva from Sygnia discussing ETF's, ETN's, Offshore and Local investing, as well as tax, fund selection, picking the winning active balanced fund manager and the Rich Ideas Investment Philosophy. Here is the audio from the Webinar. Please visit https://youtu.be/DJMrSHUvDVA to watch the full session. Reach out to us with any questions or for assistance, hello@richideas.co.za
Terence shares some thoughts on these two stumbling emotions that wreck havoc. Every week he talks to folks who don't know what to do OR don't know where to do it OR keep looking for the next best thing. Procrastination kills more dreams then getting it wrong and Fear holds more people back then it should. What do you want to acheive, how will you achieve it and who will help you? Share your thoughts and comments, podcast@richideas.co.za
This week, Gavin Lewin, shares his views, insights and concerns around incentives in financial planning. Do you feel more motivated or to change your behaviour for an incentive? Is investing an incentive? Is the journey the incentive? Are you incentivised to take care of your family? Who else incentivised by your planning? Could a misalignment occur? Some valuable insights, practical guidance and ideas are shared by Gavin. Have you got questions for Gavin, email him at gavin@richideas.co.za What topics should we cover on the Rich Ideas podcast, podcast@richideas.co.za?
You have a number of investment products available designed to help you invest for retirement. These include pension funds, provident funds, retirement annuities and preservations. Once you retire you can select a life annuity or living annuity to provide you a monthly income. From 1 March 2021, there have been some tax law changes to provident fund members (only). All of this, as well as asset classes, what happens on death and who gets your retirement money is discussed in this episode of the Rich Ideas Podcast. Comments, queries and suggestions are welcome via email podcast@richideas.co.za
I had the pleasure of chatting with David on MixFM about financial planning, retirement planning and what to do in 2021 for financial success. This episode is longer then usual, I am sure you will enjoy. Please send me your comments and questions to podcast@richideas.co.za
This week I chat with my friend Jason. He shares his experiences with crypto, some of the tech and why Bitcoin is the best store of value. We share a few ideas and concepts on blockchain, wallets, exchanges and why it is best to use rand cost averaging. This will be the first of many such episodes. Please send your comments and questions to podcast@richideas.co.za The exchange that Jason and I use, for our buying and selling of Bitcoin is VALR. It is a local business, with great support and excellent service. Here is a link you can use to sign up -> https://www.valr.com/invite/VAD524H9 Please always do your own research and due diligence before acting on anything you hear in these podcasts, as they are only educational and informative and should NOT be considered financial advice direct at you.
It has been a privilege to record these podcasts in 2020, to work with so many great people and help all of you. May you and your family have a blessed festive season and marvelous 2021. You are always welcome to contact me (083 337 9576 and terence@richideas.co.za) with any financial planning, advisory and related queries. I am delighted to assist. Remember that all queries around admin can be sent to my trusted sidekick, Salomé (011 568 1338 and salome@richideas.co.za). She can swiftly sort out any policy changes, investment statements or debit order queries where necessary. Please send your questions, podcast topics ideas and recommendations to podcast@richideas.co.za
Was wondering at our age how much tax benefit there is if we only reach our R500k limit just before age 60 – will it do much appreciation to justify any tax benefits? This question was posed to me a few days ago. Using the TFSA is a great savings vehicle that I encourage every single South African to have. Your contributions are capped at R500 000, but the growth is unlimited. Thinking by way of example to show you the benefits, see below with some assumptions: An investor contributes R36 000 per annum (current limit). It will take approx. 14 years to reach the (current) limit of R500 000. I say current, as the lifetime limit will increase (but to keep it simple, let's assume not). Now if that investor has growth assets in their TFSA, like an offshore ETF, with a yield of 12% per annum, in 14 years, their TFSA could have a balance of R1 240 620. However if that investor leaves their funds until they are 60, which is 17 years away, that pot could now be worth, R1.8m and if they left it to 65 it could be worth R3.5m – ALL TAX FREE
This week, I am interviewed by my friend and client, Stephanie. Recently we drafted her will and as it is wills week in South Africa, I wanted to share some info with you. Some of the questions she asked me and I answered on the podcast: What do you mean by liquidity? You also mentioned the executor gets paid last - so why is it important to have cash in the bank to pay you. Will it make sense to take out some sort of policy that will cover the executor fees? Who decides on the fee for the executor? Who lets you know that I have died? What happens next? I have 3 grandchildren so I would need a trust to be formed for them. Do you form the trust when I've passed or do I do it before anything happens to me? What happens to my debt when I die? Because I have plans of going to NZ, what happens if I die there? Reach out to me via podcast@richideas.co.za with your questions and if you want to be a guest on my podcast.
My guest this week is Stuart from Bridge Fund managers who specialise in incoming generating portfolios using the power of dividend flows. Would you like to grow your income stream between 4.5% - 8% per annum? Would you like to preserve your capital and still draw an income? Stuart and I share ideas about this, preservation funds, pre retirement options and post retirement options too. Please send your questions and comments to podcast@richideas.co.za
When you set your financial goals, short, medium or long term, are they SMART? Have you heard of SMART goal setting? Who are you accountable to? Looking forward to your comments, via email podcast@richideas.co.za and via whatsapp 083 3379576
This week I chat to Brendan from Take Charge of your Money. He is a prolific blogger, personal finance specialist and a scrum master. We talk about budgets, money, eating out, insurance is a waste and planning for the future. Looking forward to hearing your thoughts and ideas as well as questions and nominations for future podcasts - email podcast@richideas.co.za
So you have listened to my previous interview with 12J expert Jonty and have more questions. Thank you to those who emailed me. Jonty is back this time and unpacks liquidity, good investments, bad investments tax and his tips to ensure you have a great 12J experience. If you want to discuss your personal situation, we are offering complimentary session. Reach out to me at podcast@richideas.co.za
Have you wondered if a retirement annuity is a good investment? Are you unsure about the tax treatment and investment returns? What about regulation 28? This week I share some ideas and thoughts. Please send in your questions and comments to podcast@richideas.co.za
Who loves paying tax? There is a wonderful investment opportunity called Section 12J. What is it? How does it work? There are performance fees - those are bad? This week I chat wiht Jonty Sacks, and we start to unpack these opportunities for investors with R100 000 or more, and term of 5 years or longer. Send in your questions and comments via podcast@richideas.co.za
My special guest this week is a mom, scientist and co-founder of Malkia Invest. She shares ideas on investment strategies, and what to do when defining your goals and investment portfolio. Powerful messages in this podcast. Please send your comments to podcast@richideas.co.za
I chat with Roxanne Peneda from Pfumo Tax and Accounting services this week about personal income tax filing season. What has changed, why is it later, how do auto assessments work, what about rental income and side hustle earnings? So much to share. Also my tips on identfying and dealing with scams. You can reach out to Roxanne via email info@pfumo.co.za or 011 615 3245/68. As always, I love hearing from you, email podcast@richideas.co.za or WhatsApp 083 337 9576
This week I have a chat with an attorney of the high court, who explains what is an executor, who can be an executor, negotiating fees and when will beneficiaries get their portion of the estate. Follow @lawseed for more info and be sure to follow @terencetobin too. Your questions and comments are always welcome via podcast@richideas.co.za
What is a trust? What is the difference between trusts? Can you invest offshore through your South African trust? What about taxes, inheritence and legacy planning? How do the costs work? As you say there is so much to consider when you are thinking about a trust, which trust to use and how they work. This week I chat with Ken from Capital Legacy about trusts, who should have one, who should not and how to maximise the benefit. If you would like to have a complimentary session with Ken and myself, to discusses trust in your personal situation, email terence@richideas.co.za Your questions, comments and suggestions for future episodes would be greatly appreciated - please email podcast@richideas.co.za
This week I am joined by Ivyn Sambo who is a law student. He has shared some very valuable insights about emergency funds, where to put your money, interest rates and inflations rates and so much more focusing on students. Starting your financial freedom journey whilst studying is possible and Ivyn shares his personal journey and action steps. Follow Ivyn on Twitter - https://twitter.com/ivynsambo Please share your questions and comments via email podcast@richideas.co.za
Last week I tweeted about TFSA's and RA's making zero returns and I got a lot of questions. If you not following me on twitter, do so (www.twitter.com/terencetobin). This week I will explain why I said that, what is a wrapper, what about tax and access to money. How to choose the right ETF or UT for your portfolio? What to consider when selecting these wrappers and asset allocations? Please send in your questions and comments to podcast@richideas.co.za
Jason reached out and asked who can give advice and who can't advice? What happens if he takes advice from an unlicenced advisor and things don't go well? Everyone can post a blog, share a message on social media but should you be acting on it? Listen to my thoughts on this weeks podcast about the requirements advisors have, the ethical responsibility on them and why you should not talk about products in your first sesion. Please reach out via podcast@richideas.co.za or WhatsApp 083 337 9576.
Hi Terence, I follow you on twitter and enjoy your posts and podcasts. A topic I would like you to discuss is how to balance the mix between contributions to life cover, dread disease and retirement investments. I have 2 children - the youngest being 12 and I am the sole breadwinner in the family. My strategy has been to take care of life cover first to the value I think is necessary to sustain my wife to death incl kids education (incl existing retirement savings). Severe illness I have some cover and then the balance goes to investments (mostly RA). Regards JP Thanks JP for reaching out and asking such a great question. Please send your questions to me via email podcast@richideas.co.za or WhatsApp 083 3379576 Take care and stay safe.
Do you have life insurance? Is it forever or for a term? Does it have illness cover, disability cover and income protection? Will it pay out tax free or be taxed? How will you afford to pay for it with annual increases? Wow so many great questions, which I answer in this podcast. Please send me your questions and suggestions to podcast@richideas.co.za or WhatsApp me on 083 3379576
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