'60% of divorces are due to finances': Wouter Snyman
The Drive with Rob and Roz recently spoke to South African entrepreneur Wouter Snyman about the impact financial well-being can have on mental health and practical tips on managing finances.
November marks Men's Mental Health Month, and Jacaranda FM is creating a Safe Space to assist men on their mental health journey.
The Drive with Rob and Rob recently spoke to the founder and CEO of the attooh! Group of Companies, Wouter Snyman, to shed light on the impact financial stress can have on mental health.
The conversation began by addressing the psychological impact of financial stress, which can often manifest as anxiety and depression.
Snyman emphasised that money, or a lack thereof, is a major driver of relationship troubles.
He notes that "60% of divorces in South Africa are due to financial issues," stressing the fundamental role that financial stability plays in mental health.
Culturally and societally, traditional perceptions of men as financial providers adds pressure, especially in today's fluctuating economy.
READ: Seven ways to grow your money and improve financial health
According to Snyman, education emerged as a critical factor in financial management.
Many are not taught how to handle their finances adequately, either in school or at home.
Snyman described the importance of learning from others, sharing that "having a buddy or someone to talk to" can be pivotal.
Resilience in the face of financial failure is of utmost importance.
Snyman, a seasoned entrepreneur with over 33 years of experience in finance and business, admitted that setbacks often teach more than successes.
His perspective, "In actual fact failure is essential for life," encourages individuals to view financial setbacks as learning opportunities.
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For practical advice, Snyman recommends individuals start by understanding their income and expenses.
Having open conversations about finances, which are often stigmatised, helps demystify financial management, turning it into an approachable skill.
As a special offer, Wouter Snyman generously provided listeners with a free PDF copy of his book, ‘The Ordinary Millionaire’, which expands on these themes, offering practical guidance to achieve financial independence.
Get yours here: www.woutersnyman.co.za
This discussion serves as a reminder that while the journey to financial well-being can be challenging, it is eminently possible with the right mindset, support, and education.
Safe Space
Snyman's interview on The Drive with Rob and Roz is part of Jacaranda FM's Safe Space initiative this Men's Mental Health Awareness Month.
Jacaranda FM believes that if men are provided with the right platform and motivation, they will feel comfortable discussing the burdens in their lives and seeking help.
In November, Jacaranda FM will address various challenges men face in collaboration with October Health.
READ: Safe Space 2024
October Health, previously known as PANDA, is designed to empower individuals to take control of their mental health and well-being through proactive, long-term solutions.
By integrating performance psychology with cutting-edge technology, the platform helps users not only manage stress and anxiety, but also build mental resilience and unlock their full potential. With personalised tools, live sessions, and self-guided resources, October Health makes mental fitness an achievable and aspirational goal for everyone.
Use the code JACA24 on the October Health App to receive an extra 200 Luna credits and gain access to three premium AI coaching courses. By entering the promo code, you will unlock exclusive access to premium content, enabling you to fully benefit from everything October Health has to offer.
Tune in to 'The Drive with Rob & Roz', on weekdays from 16:00 - 19:00. Stream the show live here or download our mobile app here.
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