If you’re a mountain biker, you’ll know the ritual before every ride — checking your tyres, tightening your brakes, making sure everything’s running smoothly. You don’t take on a tough climb or technical descent without preparing properly. Yet when it comes to our finances, we often skip the checks and simply ride, hoping everything will work out.

Getting your finances trail-ready works much the same way. With a bit of planning and the right conversation with a professional, you can give your approach a regular “bike check” to keep moving towards your goals, no matter what life throws your way.

Start with a solid once-over

Before a big ride, cyclists do a full check, looking for worn parts or small cracks that could turn into bigger problems later. Your finances work much the same way, taking a step back to review your budget, understand your debt, and build an emergency fund. These basics are like your bike’s frame: they hold everything together and give you a stable ride and the ability to move forward with confidence.

While budgeting and saving form the foundation of a financial plan, protecting your ability to earn an income is just as important.

Strap on your protective gear

Helmets or gloves are non-negotiable. You might not plan to fall, but you’re ready just in case. In the financial world, that protection comes in the form of risk cover, like life and disability insurance. Think about it: your ability to earn an income is what keeps your entire life moving forward. An unexpected illness or accident could throw you off course fast. That’s why including risk cover in your plan isn’t about expecting the worst, but about making sure you and your family can stay upright, even if you hit a bump.

Old Mutual’s range of risk solutions can be tailored to your unique journey. Whether you need a lump sum payout to cover big expenses or a monthly income to keep daily life on track, having the right protection means you can focus on enjoying the ride instead of worrying about what could go wrong.

Plan your route with a pro

A smart cyclist doesn’t just point their wheels toward the horizon and hope for the best. They study the route, know where the tough climbs are, and understand where they need to prepare for hazards. A financial adviser does exactly that when it comes to protecting your income and your future. An adviser becomes your guide through life’s financial journey, helping you anticipate the unexpected before it becomes a setback. They help you protect what matters most by identifying risks that could disrupt your progress and ensuring you have the right cover and support in place. With the right advice, you can focus on moving forward with confidence, knowing that even when life throws challenges your way, your plans, your loved ones, and your future remain protected.

With an expert by your side, you can adjust your plan as life changes – whether that’s taking on more responsibilities, dealing with setbacks, or getting back on track after a fall. Just like stopping at a water point during a race, regular check-ins help you reset, refuel, and keep your momentum, giving you the peace of mind that you’re protected, no matter what’s ahead.

Ready. Set. Go.

With a well-prepped financial plan, the right protection, and a clear roadmap to get where you want to go, you’ll have the confidence to tackle whatever terrain comes your way.

Have a conversation with a financial adviser to get you started or go to https://www.oldmutual.co.za/life-moments/cycling/ to learn more.

Old Mutual Life Assurance Company (SA) Limited is a licensed FSP and life insurer.

It is recommended that you consult with a licenced financial adviser to discuss your personal insurance needs and options. For more information and Ts & Cs, visit www.oldmutual.co.za/life-moments/

READ MORE ON: Beyond The Bike financial planning