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:
Low interest rates and plenty of deals on offer - personal finance guru Warren Ingram points out the pitfalls on The Money Show.Read More
Warren Ingram explores the options, focusing on case study of guest house owner whose investments equal outstanding bond amount.Read More
Bruce Whitfield and personal finance expert Warren Ingram get to grips with why perhaps you shouldn't, if you didn't...Read More
On The Money Show, finance expert Warren Ingram explains why he believes the pros of the regulation outweigh the cons.Read More
Need the inspiration to save? The Money Show’s Bruce Whitfield interviews “Supersaver Julia” at around 7:15 pm tonight.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