Dictionary – WEALTH@WORK

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Generational Wealth

25 Oct 2021

Generational Wealth passed on by Wealthy Families 70% (est.) of wealthy families lose their wealth by the second generation. By the third...

Liability

05 Oct 2021

Common Examples of Personal Liabilities Store Accounts (e.g. Woolworths) Home Loan Bank Overdraft NSFAS Loan Information Source: Oxford Languages https://languages.oup.com/google-dictionary-en/

Net Worth

05 Oct 2021

Why is knowing your Net Worth important? From a financial perspective, Net Worth or Net Asset Value is the most common measure...

Will

25 Aug 2021

What happens when a person dies without a will? When there is no will in place, the government takes on the responsibility...

Trust

25 Aug 2021

Types of Trusts There are 2 types of trusts that can be registered. (1) An inter-vivos trust, which is created between living...

Black Tax

25 Aug 2021

Is Black Tax a burden or a responsibility? Some professionals consider Black Tax a burden because it causes financial distress to the...

Asset

25 Aug 2021

Common Examples of Personal Assets Stokvel funds, Money Market Accounts, Cash Property or land Livestock (e.g. cattle, sheep) Furniture, Jewellery, Cars Pensions,...