Financial checklist

Checklist

Earlier this year  I bought a book  with an interesting checklist at the end. The book itself was not the greatest finance book I’ve read but the checklist at the end was very useful.

The checklist is one that I use to establish a client profile in my coaching business. When you call in for an appointment, generally, I would ask you to complete the checklist. This is the first ground work we do to understand our client and assess what numbers we are working with.

As you know that the tax season is upon us with the extension for individual income tax returns date moved to September, I was trying to file my return  to avoid the last minute rush. This is now done online , which I already registered last year. I was surprised to learn that I had actually forgotten my username and my password; which was  is risky if this was a last minute submission.

As part of improving my financial checklist, I already had a tax folder but I had only populated my income tax number. I therefore added in my username and log in details in case I forget it again.

Having those details handy especially your income tax number is very useful especially when you change jobs as your new employer will need that. Else you will be double registered for tax and incur penalties on your dormant account.

Having all your information in our file helps make you better financial decision.

Remember to file your tax returns.

Check out our services in the article on how you can kick start your financial planning journey.

Stay Safe

Dhalondoka

 

 

Signing new clients – Drive, plan, connect and soo much more

Today as we drove to work, we noticed someone new at the corner of the street on our route to work. The lady used to be our driving school clients at some stage so we stopped by to greet her and also to see what she was doing there. She has started a business of selling coffee and bread to commuters as way to raise money as she was recently retrenched at the mall.

How did she think of a coffee business in times such as these? Well, determination. She thought of an opportunity and went for it. Whether she makes a success out of it or not will depend on how well she run and manage it and most importantly how she market it.

This brought me to re-assessing the business I am involved in. Very rarely do we market our product on larger platforms but the cost of digital marketing is almost minimal.

So kindly please see the services we offer and see which one you can sign up today:

Empower driving School – We offer driving classes for those wanting to obtain their driver’s license in Walvis Bay. Our affordable rates $119.99/Hour  with complementary free hours when booking for more than 6 session.  Flexible working hours everyday of the week to accommodate you and your schedule.  Contact Matias  at 081 206 8881 for all your driving needs.

Business ideas

Financial coaching one or one – If you have been join our Zoom group sessions, you might not be able to get personalize advise given the number of people the call. We  can offer one or one by helping you look at your situation and finding a long term solutions for it. Our consultation fee start at N$199 per session. Make the choice today and take charge of your finances. These sessions are held via Zoom hence we are available across the country.   Book your slot by sending a message at 081 61 47 860.

 

Hosting an event – Want to host a virtual sessions and not sure what or when to start? We will design and market the event for you and  schedule it on our zoom account. Rental of the account is N$99.99  for each session and the account can accommodate 1000 participants with no time limit. Your event will also be recorded and we will share with you the recording of your call in case you have people that could not make the meeting. Book your slot by sending a message at 081 6147860. Marketing costs are charged separately depending on what your needs are.

Black Tax

Airtime and Dstv services – We offer monthly Aweh packages where our clients pay upfront for their services and we send weekly aweh vouchers. We also are a DSVT agent and facilitate  payments. For this we are merely agents and we do not charge you extra. What you would have paid at DSTV or MTC is what you will pay by us, except we might save you extra costs such as taxi fee or bank charges. Our preferred options are EFT as that normally is free at many banks. For this dial us at 081 61 47860 or 081 20 68881.

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This are how we can be of service to you.

Stay safe

Love

Dhalondoka

A humanitarian crisis needing your help

Fire

Last night was a traigic  history in the our lives as Walvis Bay residence. About 7 oclock at night, the informal settlement of Twaloloka (  Translated as we’ve had enough or we are tired”) caught fire which lasted over more than two hours. I was about to make dinner at the time when my neighbor alerted me of the incident and rushed to the scene. What we found was a fire that I have never seen before. There was one fire truck trying to contain the fire with no success.

The details of what caused the fire is yet unkown and the number of people that have perished in the fire are also unkown yet but we do know there is a baby that died in the fire ( may her soul rest in peace). The whole neighbourhood was affected and people had to sleep in the tents that were provided by good Samaritans that came to the residence’s aid.

This is not just a fire but a humaritarian crisis for our town. For those that are not aware, Walvis Bay is nkown as the epicenter of the corona virus in Namibia; with cases on the rise every day. Quarantine and isolation facilities are full with the latest cases that are testing positive told to self isolate. Majority of these people live in back yard shacks with no proper sanitations which is what is worsening the situation.

Many of our residence have also been pleading to the government to let them out of the region as we are still on lock down because they have no means of survival. Some have lost jobs due to the lock down, others are due to their companies involved in the Fish rot scandal, others are those informal market traders that cannot return to their normal place of work due to the government having shut those areas of trading. Our people are therefore pleading to back to their original regions for better survival.

Despite all of that, I am glad to see the amount of support that everyone is doing for these residence. From political parties donating 100’s of blankets to small business owners offering their trucks for transporting goods to the locked down Erongo region;  to me and you declutching our wardrobes to give those in need. If we all pull in one direction we will emerge victorious.

We are very greatful as residence of Kuisebmund , Walvis Bay and Erongo Region at large for all your support. No matter how big or small, believe us , it will go a long way.

For those that are still willing to donate, please do not hesitate to contact us. Currently my neighbors are driving around picking up items as well buying supply for the affected people , so if you have something to donate, email us at armasklestina@gmail.com or comment on this article with your number  and we will let you know how you can assist.

Forever indebted and greatful for your support

Dhalondoka

A Kuisebmund residence

 

Financial Wedding- Diary of a village girl

 

Mask KissAs  the corona crisis continue, the uncertainty is weighing in on many. With the hopes of many being shattered around their arrangements,  weddings are not happening the way they use to. As for us in the Erongo region, we are still on lock down and with how things are currently going, we can only hope for the best.

The journey has been incredible so far with a few surprises along the way. From minor gains here and there to major losses, we are indeed embracing the journey.

Today I want to write about contracts.  Contracts are an agreement between parties. They often involves a party receiving a service or good and the other providing or rendering that service. Contracts can be oral or written. How crucial are these in the process?

Earlier on during the year, we begun importing a few things. We begun with small things such as table cloths, spoons etc and just end of February, we had placed an order of chairs from China. As some of you are aware, the exchange rates went crazy starting at N$14 USD per Namibian dollar to a whooping N$17 in a span of less than 2 months. That was the time we placed this order.

We had already  paid the money before the Namibian dollar started depreciating but the issue is that we had a verbal agreement with the recipient of the money. The recipient was meant to have paid over the money to the supplier but because of unclear expectation we found ourselves in a situation of a lot of excuses. By the time he settled with the supplier, we were already knocked down and had to settle for lesser chairs or top up. Not wanting to risk any further we ended up just getting lesser chairs.

Most recently, we wanted to enroll for dance classes. This teacher wanted us to pay upfront for the classes which I did not personally have a problem with and I was actually due to pay her this month end. I never thought of asking her for a written agreement of how we will be dealing with this as she has a popular school in Walvis Bay and was referred by many. In my mind I was thinking, what is the harm?

Well, not knowing what lies ahead, I was schocked to learn of her passing last week ( May her soul rest in peace), which left me with a question, what could I have done? If I had paid her the money with no agreement, who was I going to ask? Do I just let go and then hope to find another teacher?

In those two instances I have learnt a lot about the importance of agreements. You will always have somewhere to fall back on. The reason why a lot of the brides and grooms are angry or not welcoming postponement of their wedding is partly due to money they have paid various service providers without any sort of agreement. Now that the event is not happening as planned or not being attended by the same number of guests as per the original plan, what now?

Some situations are so bad with some service providers not refunding anything of the amount paid on the premise they could have gotten someone but could not because they were booked. Some are reasoning  there was no refund policy in place and finding themselves with no liquidity are trying to get out of the situation without refunding a substantial portion of money or only offering alternative dates. All this confusions really are stemming from the lack of agreements. If there was one in place, it would have been simple to resolve.

With that in mind, yes  many things in the wedding process are being done by friends, colleagues, informal market service providers but I am learning to realize the importance of an agreement. If you cannot afford to loose it or it will cost your peace, have it in agreement in an event of the worse case scenario.

Nonetheless, we remain hopeful that come time, we will have a party. In an event that we cannot the union will proceed and we will see to the party later.

Smile

Until next time

Taati & Pandu

 

 

Empowering one another for generational wealth

Sitting in the desertGreetings for the mighty Erongo region. As the cases climb on a weekly basis, we can only pray for protection and speedy recovery of those that are affected. We also plead with those  that have enough resources to assist those that are badly affected in order for all of us to survive this pandemic. May the soul of the 7 deceased rest in peace.

Last week we had an amazing talk about black tax. We engaged three insightful panel that shared their insight into the topic and time ran out before we could fully exhaust the topic. A lot came  to light on the discussion with some of the key themes around us distinguishing whether its a right or a privilege and how we can start doing it the right way in order for it to become an investment for future wealth.

As we drove home that night, my fiancé felt that the talk was amazing but it lacked something. He felt that we should get back at it but this time with the means to empower others. We need to leave our audiences with a few options of what ideas they can go explore and although the speakers alluded to it, it will carry more weight if the participants could also be part of the conversation.

Before arranging a talk on the same topic. We would like to hear from you. How are you empowering yourself to ensure that you are breaking the chain of poverty in your community or family ? How have you liberated yourself from “toxic” black tax? What sort of ideas can you advise others to do that are still in this fight?

Your inputs will go a long way. To be part of the conversation, please  email us at armaslestina@gmail.com  or leave your comment below.

Creating a wave of change, one conversation at a time.

Stay Safe

Dhalondoka

 

 

Let us talk all about Black Tax

Black tax article

We celebrated my friend’s birthday in a rather unusual way. She decided she wants to rather have a zoom call where we discuss the feasibility of an innovation hub instead of a normal party.  We got on a call with established, upcoming and aspiring 12 other entrepreneur and the conversation just got me motivated.

I was inspired to learn from others, surprised to hear what others are going through as well as  what other aspire to be but quickly realized that that I would not learn & grow unless I converse and read with other like minded people.

My challenge is your challenge and its our challenge and how best to address that than sitting around the table and discussing these. On this week financial coaching, we are engaging on the topic of black tax.  I will be co-hosting with people who has manage the art of black tax in hope that  we all catch this train to break some enslaving habits.

If you are new here please read the below previously published article about tax:

  1. How it can easily become a nightmare
  2. version 2
  3. Financial No

If you would like to join us this Wednesday, watch this space for the details.

Stay Safe

Dhalondoka

 

 

Cash Flow Projections Coaching Session tonight

Session 3

Due to unforeseen circumstances, we had to reschedule the call from Thursday to tonight. Kindly please see below the link and the log in details to the coaching session on cash flow projections.

Topic: Cash Flow projections
Time: Jul 4, 2020 07:00 PM Harare, Pretoria

Join Zoom Meeting
https://us02web.zoom.us/j/6652847450?pwd=Rk8vTUNpemg1UUtuQzJKaWsxdTA3Zz09

Meeting ID: 665 284 7450
Password: 1HQcnV

See you tonight.

Stay Safe

Dhalondoka

 

Financial Coaching Session 3 – Cash flow projections

Session 3

Welcome to our third session in this financial coaching sessions. If  you have not yet signed up , kindly please leave your email address so that we can invite you on our blog for notification every time we publish new content.

On this week coaching session, we are talking about cashflow projections. Ever wondered why your loan applications never get approved? Have you ever paid someone to do a cash flow projection for you  that showed your business will make a profit in year 1 but three years down the line you are barely not breaking even?

These are some of the key considerations that we will be discussing this Thursday to hopefully help  you better understand the fundamentals of the cash flow projections and get better at doing them.

We will be publishing the link to meeting on Wednesday via facebook, WhatsApp as well on this blog.

Until then

Stay Safe

Dhalondoka.