Protecting your ability to earn, insights with Monre Steyn Artwork

Take Charge of Your Money

Take charge of your money! Join me, Brendan Dale, as I interview and chat to folk about personal finances. We cover topics such as budgeting, saving, investing, paying off debt, insurance, goal setting, and so much more! Focusing on the basics of personal finances, I like to keep things simple and straight-forward. Managing your money really does not need to be complicated and admin-heavy. A lot can be done by changing your mindset and daily habits. After that, the world is your oyster and you'll find you have all it takes to create and build wealth. Seasons 1 & 2 sponsored by Naked.

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Take Charge of Your Money

Protecting your ability to earn, insights with Monre Steyn

April 16, 2022 • Brendan Dale • Season 2 • Episode 6

Take Charge Of Your Money podcast with Brendan Dale
Season 2, Episode 6 - 18 April 2022

Sponsored by Naked - The new way to insure your stuff

Your ability to earn an income is possibly one of your most valuable assets. Whether you're self-employed or a full-time employee, you need to be able to work in order to earn money, to survive. Not being able to earn money will affect you and your family in a terrible way.

My guest in this episode is Monre Steyn, CFP and Risk & Investment Strategist. Monre is the founder of Quadrant Wealth, an independent wealth management firm.

Monre sheds some light on this rather complex kind of insurance, and as he mentions, it really is best to chat to a professional to understand what you need, and what the options are. Also, different insurers cover illnesses differently and even categorise things independently. Thus, comparing insurance providers, products, and options, is vital!

Main topics discussed:
0:00 Podcast into and thanks to my sponsor
1:21 Who is Monre Steyn
2:42 Disability & Ill-Health is not an easy topic
4:46 Dread disease and ill-health meaning
6:04 Types of cover
8:10 Income protection if you're full-time employed
9:14 How much cover do you need?
11:23 Disclosing family medical history
13:14 How often should we relook at our cover?
14:38 Reasons to change a policy, and concerns
17:55 It will never happen to me
20:54 Top tips from Monre

Top tips from Monre Steyn

Engage in this discussion with your financial planner.
Be proactive rather than reactive.
Give yourself peace of mind by putting mechanisms in place to protect your cash flow.
Compare service providers and options. And ask lots and lots of questions!

Articles on Income Protection and Ill-Health cover
Critical Illness cover
Income Protection
Putting a value on YOU

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Brendan Dale

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