prime times - u3a

Prime Times

SUMMARIES OF 9 RADIO TALKS based on the book 
PRIME TIME – Enjoy your life after 50 
by Johannes Jordaan MSc

FREE summaries DONATED BY U3A AS A FREE GIFT to our members are enclosed below. These talks are available in English or Afrikaans according to readers’ preference. Please let us know.
The above book is also available in Afrikaans or English at a subsidised price for U3A members - Please contact
for details.  Two free publications are included in the package, namely:
(a) a FREE copy of an useful Estate Planning booklet with templates and check lists of documents necessary for your executor, and

(b) a FREE course on How to enjoy WELLNESS in your life.

Titles of the 9 talks

  1. The right (late) life partner for the rest of your life
  2. Adjustments to changing events in your life
  3. The preservation of your health
  4. Psychological problems such as depression, which may taunt you,
    especially while you are growing older.
  5. The dangers of falling into a debt trap and how to run a family budget
    to prevent it
  6. Choosing a suitable place to live
  7. Your safety and security
    8. The risks of lending money (or signing surety) for family and friends
  8. How to apply your free time sensibly.

Introduction and Background

Johannes Jordaan MSc, is the author and presenter of 9 Radio Talks (summaries below). He also wrote the book PRIME TIME – Enjoy your life after 50. He is now semi-retired, but during his heyday he was an experienced retirement-, lifestyle-, estate- and financial planner.  He shares his knowledge and experience in the book. He lives in the Strand, Western Cape and currently spends his time writing about various aspects of retirement and ageing. 
He believes that it is never too late to plan and to make adjustments that would improve people’s Health, Wealth and Happiness.

He provides useful information, and education to people about retirement- and lifestyle planning and how to side-step pitfalls. This helps people to live a preventative lifestyle and to plan timeously for, as well as during their Prime Time period (i.e. their retirement). To keep perceptions positive, he refers to retirement as people’s Prime Time

5. The dangers of falling into a debt trap

One of the opening quotes in the relevant chapter in my Prime Time book is
“Debt is a humiliation by day and a worry by night!”

People's propensity to enter into debt is enormous. But you can prevent yourself (and your family) from falling into a so-called debt trap. The statistics of overspending and debt are already alarmingly high in most countries and growing at an amazing rate. Almost half South Africa’s consumers have a bad payment record - this means that they are more than three months in arrears with payments on their debt.

The question arises, why?
Many people do not plan their finances. Nor do they keep a regular budget. They spend impulsively. They often want ‘a quick fix’ for perceived financial problems and needs. They often allow themselves to be mislead by thinking that if they borrow money to bridge a financial deficit, that it will solve their problem.
They are also often strengthened in their mischief by media advertising, usually by unscrupulous micro-lending institutions, but sometimes also by some banks, offering so-called ‘bridging finance’, usually at exorbitant interest rates, “to help consumers (who overspent), on their feet again”. But on the contrary, it usually aggravates their problem and causes them to sink deeper into their financial dilemma.
Some retailers also tend to lure customers into indiscriminate spending by offering them ‘easy’ credit and thereby leading them to engage into crippling debt.


The solution is to keep a regular budget, and to update it at least once a week. This can help you, and your family members, to discipline your spending, to live within your means and to stay out of debt. Self-discipline for the whole family is critical to spend your money wisely. A tendency towards instant gratification can easily lead to impulsive buying without checking that the budget will allow the purchase. This should be avoided.

Purchasing consumer goods on credit is dangerous, and is unfortunately encouraged by many retail businesses. The only items you should consider buying on credit are a house (or flat) and perhaps other durable goods such a car, and even then you should only do that after much thought. So-called micro-lending companies (also sometimes known as ‘loan-sharks’) add to the problem by lending money to consumers in distress at exorbitantly high interest rates.

The above talk by Johannes Jordaan was based on his book PRIME TIME – Enjoy your life after 50. Contact him on for info on the book plus the 2 free publications going along with it.