Maya Fisher-French

Be­cause we have spent our fu­ture sav­ings, writes

CityPress - - Business -

cer­tain lifestyle and will do ev­ery­thing in our power to main­tain it. A sur­vey con­ducted by a life in­sur­ance com­pany found that when faced with fi­nan­cial con­straints, a house­hold is more likely to can­cel in­sur­ance poli­cies be­fore a DStv sub­scrip­tion.

As in­di­vid­u­als, we will need to start shift­ing our mind-set to un­der­stand that our real fi­nan­cial value sits in our in­vest­ment ac­count and not in a lux­ury ve­hi­cle or branded cloth­ing. Only then will we start to break the debt ad­dic­tion.

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