Considering divorce? How to avoid getting poorer in the process
Divorce is potentially catastrophic for your finances.
The whole process - particularly when hostile - is usually hellishly expensive.
The huge emotional impact of a divorce invariably makes for terrible financial choices.
Did you know?
The average age of divorcees in South Africa is 38 for women and 42 for men.
Most divorces in South Africa occur between the fifth and ninth year of marriage.
For his detailed advice, listen to the interview in the audio below (or scroll down for quotes from it).
Divorce makes you poorer than you were.Warren Ingram, Personal Financial Advisor - Galileo Capital
The non-breadwinning partner must make sure what the divorce pay-out means every month.Warren Ingram, Personal Financial Advisor - Galileo Capital
Don’t make any large financial commitments for at least a year after your divorce.Warren Ingram, Personal Financial Advisor - Galileo Capital
Whenever you have war; both parties lose.Warren Ingram, Personal Financial Advisor - Galileo Capital
Enjoy The Money Show, but miss it sometimes?
Get the best bits emailed to you daily, right after it ends:
This article first appeared on 702 : Considering divorce? How to avoid getting poorer in the process
"We’ve hired people we haven’t met in person," says Karl Hammerschmidt. "There are things you can still do to impress."Read More
"The car that stood out the most was a 2014 Hyundai i20 with just 67 000 on the clock," says motoring journalist Ciro de Siena.Read More
Meet Alex Thomson of Naked Insurance, a high-tech company with vastly lower operating costs than most traditional insurers.Read More
Motoring journalist Ciro de Siena discusses a few easy-to-maintain, reliable pre-owned cheapies for under R80 000.Read More
MultiChoice, Vodacom, Eskom and the SABC pay the highest average salaries in South Africa, according to MyBroadband.Read More
Finance Minister Tito Mboweni's vital address is done and dusted. Watch it, right here.Read More
Insurers aren't paying clients who took out policies that cover losses incurred due to infectious diseases such as Covid-19.Read More
Certified Financial Planner Paul Roelofse on what Warren Buffett ("The Greatest Investor Ever") has to teach us, right now.Read More
Clement Manyathela interviews Michelle Dickens of TPN, the largest credit bureau that tracks tenant payments in South Africa.Read More
"Zero-based budgeting is really progressive, given the kind of wasteful expenditure we’ve seen," says economist Sifiso Skenjana.Read More
Personal financial adviser Warren Ingram says active fund managers in South Africa have had a terrible time.Read More
Warren Ingram, wealth creator, answers listeners' questions about safe investing in anxious times.Read More
Did you know that the Trustees of retirement funds don’t have to pay it out to your nominated beneficiary?Read More
What is the concept of "market timing" and how can it help investors?Read More
The Covid-19 pandemic and the economic destruction in its wake has left some of us wondering if we'll ever be able to retire.Read More
Personal finance expert Warren Ingram shares his concerns and offers a few pointers.Read More
Personal finance guru Warren Ingram on why you should consider this risk-free investment, especially if you live off interest.Read More
Personal finance expert Warren Ingram has advice on how to survive – or even thrive – amidst the Covid-19 outbreak.Read More
Personal Finance expert Maya Fischer-French on the pros/cons of dipping into credit insurance vs opting for a debt relief holiday.Read More
Warren Ingram, wealth planner, has sensible advice for investors in gloomy times.Read More