How financial planning can help you realise your passion

WHETHER it’s travelling the world, starting a side business, or pursuing a creative hobby, contrary to popular belief, passions are not just luxuries but are, in fact, real-life goals that deserve a place in your financial plan. Treating passions as life goals makes them more attainable.

- SEAN VAN ZYL

Too often people think passions are something they'll get to “one day” after covering the essentials like retirement and education. But your passions are part of your life.

They can be achieved if you treat them as such, plan and save for them with the same seriousness as other long-term goals such as your retirement.

The best way to get onto this journey is to start by identifying and prioritising your goals, then working out what they will cost. Break it down into a monthly savings amount. If you want to take a R100 000 trip in 12 months, that means saving about R8 300 each month.