Financial Planning Week: 25 – 30 November

Workshop 1: ‘Getting You on the Right Track’ – for ages 20-35 year old’s. Click here for invite Getting you on the right track

Workshop 2: Specifically tailored to the lower income sector, such as a domestic worker or gardener. Click here for invite Domestic worker and gardener

No matter where you fit into the South African job market – whether you’re taking your first step on the corporate ladder, a labourer in the workforce or a CEO of a large corporate – when it comes to offers of credit, everyone is a target. So says Barry O’Mahony, founder of Veritas Wealth and South Africa’s 2013 Financial Planner of the Year. O’Mahony adds: “We all need to look at breaking debt cycles and developing good savings habits.” CERTIFIED FINANCIAL PLANNER® professionals O’Mahony and Craig Torr will be giving two free financial planning workshops in Cape Town on 25 and 28 November, as part of Financial Planning Week in conjunction with the Financial Planning Institute of Southern Africa.

“Your 20’s are the time when you should be developing good financial and savings habits that will set you up for life, but with the minefield of materialistic temptations young adults must walk through daily, those early years of ‘delayed gratification’ often pass them by,” says O’Mahony. “If you don’t practice good financial habits from the beginning, you may easily find yourself caught in a wasteful high debt/no savings situation by the time you reach 35.”

On Monday 25, November, O’Mahony will offer valuable financial guidance to 20 to 35-year-olds on ‘Getting You on the Right Track’. Covered in his workshop will be issues like What is the Smartest Way to Buy a Car, When to Jump On the Property Ladder, and Being on the Right Side of Compound Interest. “Some of these might be familiar to older adults, who may have learned some of these lessons the hard way, and can recognise how helpful this type of advice could be to their children and grandchildren, who are in this age group.”

In Torr’s experience, another group who are easy prey for creditors are people in the lower income sector like domestic workers and gardeners, who in addition to facing a barrage of consumerism are often supporting extended families. “With modest incomes and no form of financial planning, it’s virtually impossible for them to get ahead,” says Torr.

Fluent in Xhosa and Afrikaans as well as English, Torr of Crue Consulting will give a workshop specifically geared toward this audience on Thursday, 28 November. Torr will talk about the dark side of credit, and give accessible advice about Budgeting, Cost of Debt and Saving Efficiently. Financial consultants will be on hand after the presentation for one-on-one discussions.
All workshop attendees will receive an Attendee Workbook, covering the various areas discussed in detail, and a pocket book-sized personal Monthly Budget Planner.
Financial Planning Week is a national initiative of the Financial Planning Institute of Southern Africa, during which CERTIFIED FINANCIAL PLANNER® professionals give of their time to help set South Africans on the right financial path.

Workshop details:
Monday 25 November
This workshop has been tailored specifically for people between the ages of 20 – 35 years and will allow them the opportunity to discuss their specific needs with a CERTIFIED FINANCIAL PLANNER® professional. Entrance is free and snacks will be provided.
Venue: Allan Gray Auditorium, 1 Silo Square, V&A Waterfront
Time: 6-7pm

Thursday 28 November
This workshop has been tailored specifically for people who work as domestic workers and gardeners and will allow them the opportunity to discuss their specific needs with a CERTIFIED FINANCIAL PLANNER® professional. The workshop will be conducted in Xhosa, Afrikaans and English. Entrance is free and snacks will be provided.

Venue: Claremont Hall, Bath Road, Claremont
Time: 4 – 5.30pm

For more information and to reserve a spot at the workshop contact Nicola on 021 671 0799 or e-mail

Follow Veritas Wealth on Twitter @Veritas_Wealth

Share This