WealthWise magazine www.wealthwisemag.com
No. 17 Feb/March 2013
Michael Eilertsen's (LIVE OUT LOUD)
Business and life lessons
South Africa
7
Books to Up Your Game
in business, career and even politics
Dianna Games on Doing Business in Africa Equities versus Bonds Top Tips for Buying Medical Cover
Our last free issue!
ForeWord The End of a Chapter (and a New Beginning)
T
wo years have passed since the launch of our first issue of WealthWise magazine in February 2011. It has been a challenging journey for us with good
developments during this time and a positive feedback from you, the readers. For two years, we have brought quality free information, articles and opinions on topics related to wealth creation and wealth management, and we are ready now to move on to the next level. The FebruaryMarch 2013 edition is our last free alternatemonthly issue, as we prepare to venture further into the digital publishing market with a brand new re launch of WealthWise magazine in April 2013. The new magazine will not only bring a new look and enhanced exclusive content, but will also further engage you, our readers, through digital multimedia interactive experiences. Going forward, our editorial will strongly follow a motivational and inspirational focus, showcasing the technical, emotional, spiritual and financial factors behind wealth creation, achieving financial freedom and living one’s dream. We hope that our publication will continue to inspire you to make every day, longlasting changes to a wealthier future.
Denisa Oosthuizen Publisher Managing Editor denisa@wealthwisemag.co.za 2 WealthWise magazine
February/March 201 3 CoverStory
6 Michael Eilertsen's Business and Life Lessons
LifeWise
12 Build Up Habit Investments
MoneyWise
16 The Value of Financial Planning 20 Make Your First Foray into Property a Success
24 Are Equities Riskier than Bonds? 27 Top Tips for Buying Medical Cover
BusinessWise
30 Doing Business in Africa (Q&A with Dianna Games) 36 A Dire Consequence 足 The Demise of the African NGO
CareerWise
40 DreamWorker 足 Getting South Africa Working 46 The Evolving Role of the CFO
WealthWise magazine Publisher REO Media Solutions
Managing Editor Denisa Oosthuizen denisa@wealthwisemag.co.za Editorial editor@wealthwisemag.co.za Advertising sales@wealthwisemag.co.za Graphic Design REO Media Solutions On
the
Eilertsen
Cover:
Michael
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Please contact us at editor@wealthwisemag.co.za.
Lifestyle 50 7 Books 55 Events
to Up Your Game WealthWise magazine 3
Contributors
JP Farihna is General
Manager at Property24. He was also managing Director of iafrica.com. JP has worked for the JHB Stock Exchange and Deutsche Bank London. JP is the founder of the Online Publishers Association. He set up the Nielsen//Netratings system in SA. JP joined Korbitec as General Manager of Property24 in 2010.
Andrew Dittberner is
Senior Investment Manager at Cannon Asset Management and portfolio manager of the Cannon Flexible Fund. Cannon Asset Managers is a niche investment management company based on the philosophy and principles of value investing as an investment management approach.
Read JP's article about making Read Andrew's comparison your first property deal in of equities vs bonds in MoneyWise section, page MoneyWise section, page 20. 24.
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Mark Arnold is Principal
Officer at Resolution Health Medical Scheme. He is a registered and accredited healthcare consultant with more than 14 years experience in the Employee Benefits and Healthcare Industry. He is a member of the Financial Planning Institute Special Committee on Health Benefits (FPI Health). Read Mark's top advice to consider before buying into a medical scheme in the MoneyWise section, page 27.
Contributors
Chiara Baumann is the
CoFounder of Change Collective Cape Town, a platform for socioeconomic and environmental development professionals in the City. She is currently doing consultancy work for DreamWorker. Chiara’s academic background includes concentrations in politics and philosophy. Her interests lie in issues of local economic development, social entrepreneurship and advancing links between community, public, and private development initiatives. Read Chiara's pledge for a working South Africa in CareerWise section, page 40.
Catherine Wijnberg is
is an enterprise activist and CEO of Fetola, an enterprise development and economic empowerment agency with a vision to change lives for the better. Read Catherine's opinion on the state of the NGOs in South Africa in BusinessWise section, page 36.
Van Zyl Botha specialises
in forensic auditing and actively participates in management and strategic decision making at FinFive Incorporated, an established firm of Chartered Accountants, Business Consultants, Auditors and Tax Specialists. Read Botha's feature on the evolving role of the CFO in CareerWise section, page 46.
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Michael Eilertse Business and Life Lessons from The Breakfast Boy
F
rom early beginnings as a teenage waiter足turned足entrepreneur to the founding of LIVE OUT LOUD media group comprising of luxury
publishing, travel and events, South African Michael Eilertsen's entrepreneurial journey delivers great lessons about determination, starting up, passion and courage to succeed. Here Michael tells how he learned from his past experiences and his biggest mistakes in business when starting up. Read and learn!
The vegetarian meal that would change my life forever
"Is entrepreneurship inherent or does circumstance open this door of opportunity? For me the answer is both, as I had many small businesses that ran through my days at school to the captive market of fellow scholars, but the decision to never work for someone again came down to a single moment. I was a waiter at a world足renowned meat restaurant in Sandton, spending Sunday evenings and Monday lunch serving various affluent individuals, while I studied at then RAU (now University of Johannesburg). After four months of learning the ropes, I had a good handle of how things worked, and had even contributed a couple of ideas that made our order taking more efficient. The moment arrived unexpectedly one Sunday evening in April of 2001. I had a big table of even biggerspenders, some local businessmen entertaining guests. The table was mainly men, which meant custom steak cuts were going to be the meal of choice, and when the Meerlust Rubicon 1988 was requested, I knew it was going to be a great evening for me. When it came to ordering, a lady at the table informed me that she was vegetarian, and nothing on the menu catered for her preferences. With her being the wife of the man who was clearly going to pick up the tab,
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en
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