Rich Ideas Group - Financial Planning Podcast

RICH IDEAS PODCAST  |  Podcast , ±13 min episodes every 1 week, 5 days  | 
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 and be sure to subscribe, comment, like and share.

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Lending as an Asset Class

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 or WhatsApp 083 3379576

Intro to ETF Investing

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 to watch the full session.

Reach out to us with any questions or for assistance,

Fear and Procrastination

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,

Financial Planning Incentives

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

What topics should we cover on the Rich Ideas podcast,

Retirement Options and Tax Law Changes

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

Interview on MixFM with David Watts

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

Intro to Crypto and Bitcoin

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

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 ->

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.

Year End Message for 2020

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 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 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

Should you use a TFSA for retirement?

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 😊

At this point the investor says, they want to retire, they can draw a monthly income from this R3.5m pot TAX FREE, whilst the rest of their portfolio continues to grow.

So in closing, I do believe it to be extremely beneficial and do still recommend having a TFSA.

Please send through your questions to

Wills Week - Stephanie Asks Terence some practicalities of will drafting

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 with your questions and if you want to be a guest on my podcast.

Growing your investments with Dividends

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

Are your financial goals SMART?

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 and via whatsapp 083 3379576

35 episodes

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