Have you been so busy building your investments that you have neglected the basics of estate planning?
“The developer delivered poor quality work and was stopped from building other houses. Our house was never built. When we tried get the money from the attorneys, we were told that the developer took all the money from the trust account. That was a valuable lesson learnt, even though we lost a lot of money.”“I absolutely thrive when I make a difference in the lives of my clients.
Although she receives large lump-sum payments from projects, Bellah never seems to have enough money to meet her living expenses. As a result, she has taken on significant debt. Absa has provided a small business expert to assist Bellah. Elton Govender is a senior enterprise development specialist at the bank and is also an entrepreneur.
“The same year, my wife gave birth to twins and we had to buy another car to fit the family. That was the beginning of my hardship, but I would do it all over again because my family comes first,” says Mishack, who also experienced a robbery and a family tragedy during this time, forcing him to borrow more money.
The side business also provides her with extra income that she can use to invest for the future. Nono would like to get her finances under control so that she can put more energy into her business. “I am tired of being a nagging wife, but I know that if we get on the same page and start managing our money together, we will do well,” she says.