😂Growing up is realising these videos are more worthy than any Netflix shows. I was never an accounting/ financial bunny 🐰 in High School. I literally 😂changed to Science from economics subjects. But after my university graduation this year. I am taking a whole 180 to be informed. We are blessed as a black community to have you in this space. Thank you 🙏.
I won't lie, I used to avoid watching financial videos because I would feel so overwhelmed by the amount of info. Making it my new years resolution to try and sort things out. Thanks for this. So helpful
Ey Nicolette, we really need to talk about ‘those’ relationships and money hey, personally I make more money when I’m single 🤔🤷🏾♀️ can’t wait to hear your 2021 story
If you anticipate an emergency to happen, then it ceases to be an emergency, you have to start planning for it; but thanks for the educative and informative video.
Thank you so much for your videos. My 23 year old son started working last year. He's been listening to you and he introduced you to me. I'm so proud of how he's handling his finances. I'm also working towards comfortable early retirement. Keep doing good work.
Nicolette is a natural teacher, I love how she emphasizes words and they linger in your head. Her articulation keeps you captivated. This is how all teachers should be like ♥♥
You never disappoint me Nicolette... data is very expensive in SA but I never regret watching your videos. With you on my side. I will reach my 100k at the end of this year again... I also really appreciate your book
You look beautiful sisi. I've struggled to accomplish my emergency account dream but I'll do the home loan option starting this month. I think here you also won't be taking from your savings as much as you would with a regular savings account.
@@FinancialBunny found myself constantly dipping into saving or using credit for things that were not emergencies (had more month than money often). Drawing up a monthly budget helped a lot, paying off and closing short term credit facilities and separating the savings also helped. I’m now able to plan or cater for unexpected expenses. And other things as you mentioned are not emergencies they can be postponed and planned for, for a future date.
I prefer to keep 90% of my emergency fund in cash at home, that money doesn’t have to grow it just needs to be there when I need it and 10% in a bank account in case I ever need it to get home or something
That’s fine, I can always top up when I need to. If I put my money into an ETF the market can crash at any time too. All the managers are doing is trading contracts with the money in the fund
If your house gets robbed, you might lose that 90%. Keep a big portion like 75% in a money market account (where you gain interest and still preserve your capital) and keep 25% on hand as cash
Ohk it was very nice to hear a side of you for a 2nd there ngomjolo was waiting for you to go in detail 😂 for the love of indaba. Love your content always learn something from it.
I’ve just subscribed🙌🏽. Emergency savings le yona okare e phela ena le di emergency monna! O thiba ka mo go bulega ka mo😭. May 2022 be a better year🙏🏽. Loved this video.
Proper video and sound advice. Please try to change the room next time because the echo kinda disturbs concentration and sound. Lastly, I recommend umjolo for you, baphinde futhi that mjolo side.
Hi Nicollete, thank you for the financial videos, I have been listening through most of them and I really appreciate the knowledge share. I quick question I need assistance with, were can I save my 12 months savings to buy a home? any suggestion please.
Oki doki i will but basically with the access account you can make additional payments over and above your monthly required instalment. if you need the money you can just withdraw it
Nicolette you have no idea how much I needed this it came a perfect time🙏🙏🙏. I shared this video with my financial partner before even watching it. My fiance and I have just accumulated a substantial amount of money in our emergency fund but now the issue is the dilemma of what exactly constitute a financial emergency. And we really don't want to start using it on non emergency needs. This will really help us. Thank you very much for your content 🙏🙏🙏🙏
For a couple of months now I have been stressing out about the account and the institution I need to use for my emergency fund savings. Thank you for answering my prayer🤝
"Ding Dong - Trick or Treat . . ." Governance, Markets & Institutions are Confined to binding documentation & frameworks - Insurance is our only Assurance which is non-existent unless you remain persistent...
Great video. Thanks as always Nicolette! Love the quote "the best sleeping pill on the market." Came across it in your book last year & yeah, l definitely sleep well! For me l use a simple criteria to determine where to keep an emergency fund: 1) Hide it (you can't keep it handy otherwise it will get spent. Everything will become an "emergency" if you always see it e.g if you attach a savings account to your checking account & can see it on your banking app). 2. Keep it liquid i.e easy to get with no penalties. This makes things like 32 day notice accounts, savings bonds, investment accounts not ideal. You don't want to be paying a penalty to withdraw when an emergency arises or cash in on an investment when the market is down! My preference: a Money market account with no penalties & full checking privileges preferably with an Investment Management Company (not a huge fan of bank's money market a/cs). & lastly, I've learnt its best to see an emergency fund for what it is - INSURANCE against rainy days & not a wealth building tool lest one gets bogged down looking for the best interest on the market.
I have mine in a 32 day account and it's been good in terms of me maintaining disclipline and not finding excuses for 'emergencies'. However, I agree that the liquidity can be a challenge especially in the case of an immediate emergency. So what I did was start an additional emergency fund which I call a Rainy Day Fund that has a 7 day notice and the amount is much less than the original emergency fund (and the original is reserved for cases like me losing my job or getting sick and not being able to work.) This may not be a solution for others to have two emergency accounts so I'd advise that for those that struggle with self-discipline, they should lock about 75% of the money in a 32 day account and have about 25% that can be accessed immediately. The percentages are subjective but I hope you get my point.
Thank you very much for this information🔥🙌❤ I messed up my emergency savings because I couldn't tell the difference 🤣🤣🙌💔 You're highly appreciated this side😌
😂Growing up is realising these videos are more worthy than any Netflix shows. I was never an accounting/ financial bunny 🐰 in High School. I literally 😂changed to Science from economics subjects. But after my university graduation this year. I am taking a whole 180 to be informed. We are blessed as a black community to have you in this space. Thank you 🙏.
You can say that again😂
I won't lie, I used to avoid watching financial videos because I would feel so overwhelmed by the amount of info. Making it my new years resolution to try and sort things out. Thanks for this. So helpful
Love that! we are a community here and happy to be here for you
Same!!
@phuti masoga, same here. Guilt was killing me.
@phuti masoga Please read my book so you know HOW Many mistakes I have made and still making
Me too
Why aren't we taught this in school??? Your content has been such a great help
6 months honey?
I had a 5 year fruitless relationship.
When he ended things, I saved so much money and built my business 🙌 🤣
To God be the glory
Mjolo uyanyisa.
7 years for me LOL
6 years me... 😂
You see what men do to us??? Bashemane 👏🏳️
I think me & you have same experience. indeed God had to intervene by making them to leave
Ey Nicolette, we really need to talk about ‘those’ relationships and money hey, personally I make more money when I’m single 🤔🤷🏾♀️ can’t wait to hear your 2021 story
If you anticipate an emergency to happen, then it ceases to be an emergency, you have to start planning for it; but thanks for the educative and informative video.
Thank you so much for your videos. My 23 year old son started working last year. He's been listening to you and he introduced you to me. I'm so proud of how he's handling his finances. I'm also working towards comfortable early retirement. Keep doing good work.
I literally press like even before I really start watching!
Thank you
Nicolette is a natural teacher, I love how she emphasizes words and they linger in your head. Her articulation keeps you captivated. This is how all teachers should be like ♥♥
I am the first one.yes💃🏻💃🏻💃🏻💃🏻its 2022 ,I am still here.
...and I appreciate you kindly
Oh Queen, you are still loved in 2022 and thank you for your work.
You are so welcome
You never disappoint me Nicolette... data is very expensive in SA but I never regret watching your videos. With you on my side. I will reach my 100k at the end of this year again... I also really appreciate your book
Thank you so much
You look beautiful sisi. I've struggled to accomplish my emergency account dream but I'll do the home loan option starting this month. I think here you also won't be taking from your savings as much as you would with a regular savings account.
Vula I twitter space girl and tell this story ye ndoda 😂😂😂 I want to hear this one 😂 singimathanda I izindaba zabantu
LMAO, Not even worth it
Wish i had found this channel earlier this year, guess better late than sorry. Very informative ❤
I've been borrowing myself money from my savings and owing a lot
Looove love from Kenya. Asante for the insights... :)
Thank you
Waiting for the mjolo story when you are ready love. Thanks for the first video of 2022.
Not Everything is an emergency!!! I learned that the hard way (a lot of things can wait actually). And yes separate savings is the way to go.
Absolutely. Please do tell how you learned the lesson of what should and what shouldn't be an emergency
@@FinancialBunny found myself constantly dipping into saving or using credit for things that were not emergencies (had more month than money often).
Drawing up a monthly budget helped a lot, paying off and closing short term credit facilities and separating the savings also helped. I’m now able to plan or cater for unexpected expenses. And other things as you mentioned are not emergencies they can be postponed and planned for, for a future date.
@@FinancialBunny Also your channel has been very helpful in my journey to having healthy financial habits.
@@PalesaS17 me too all the way from Namibia 🇳🇦💕
Sweetheart. I am praying for your heart.
Thank you so much!
I honestly enjoy watching your videos. Very informative and not boring.
Thank you Mpho
Notification gang.
Happy 2022
I prefer to keep 90% of my emergency fund in cash at home, that money doesn’t have to grow it just needs to be there when I need it and 10% in a bank account in case I ever need it to get home or something
Also it must be topped up at least every 6 months
and inflation?
That’s fine, I can always top up when I need to. If I put my money into an ETF the market can crash at any time too. All the managers are doing is trading contracts with the money in the fund
You don't have to put it into an ETF. Try Tyme bank with a 6% return so you can at least beat inflation
If your house gets robbed, you might lose that 90%. Keep a big portion like 75% in a money market account (where you gain interest and still preserve your capital) and keep 25% on hand as cash
Welcome back Nicolette!
Kindly recommend a trust which would be good for us young black women.
I love the Olivia Pope analogy. It sobers me up immediately 😄 I've just gone to my online banking and changed the account name to "Olivia Pope".
Looove this comment. I’m stealing this idea 😂😂😂
Listen! I’m doing this too 😂😀
I love it🥰😅
Did it too🤣🤣🤣😂
😂😂😂
Iyoh ska bua ka mjolo. Triggered. 2021 was hell for me in that department 😩😩😩💔💔💔
Askies mama
When the emergency has happened and u have used the money. What are the ways to encourage starting filling ur emergency funds again?
Please add links like "The frank app" or any app suggestions... so its easier for us to download
Thank Nicolette,
I took a few notes and I’ll visit the different banks to find out on the different options.
Thanks for the tips regarding emergency fund.
My pleasure
Immediately subscribed at the 1:00 min mark - I just know she can be trusted
Ohk it was very nice to hear a side of you for a 2nd there ngomjolo was waiting for you to go in detail 😂 for the love of indaba. Love your content always learn something from it.
Umjolo wanyisa😅😅😅 can’t wait for that one ☝️ but , thank you for the video 🥰❤️🙏
Thank you
I'm glad i watched this video because i was looking for other ways to invest my money
So dramatic - I love it!
This video is for me, been contemplating on where to keep my money but let it work.
Thanks for the information dear. Much appreciated 💕
Before I even watch lets talk about your glow sis🥰🥰
what can I do without you mara mothowaka😍✊
Well articulated and straightforward.
I don’t know how i got here but am glad and i am subscribing
Notification squad . Happy new year ❤️❤️
Happy new year!!
I’ve just subscribed🙌🏽. Emergency savings le yona okare e phela ena le di emergency monna! O thiba ka mo go bulega ka mo😭. May 2022 be a better year🙏🏽. Loved this video.
Proper video and sound advice. Please try to change the room next time because the echo kinda disturbs concentration and sound. Lastly, I recommend umjolo for you, baphinde futhi that mjolo side.
Learning so much from your channel, thank you sis❤️
You are so welcome
Not everything is an emergency, I felt that
Happy 2022..let me check the frank app. Thank you
Spelt FRANC
I appreciate your frank humour😉 insightful thank you 🙏🏽
I appreciate that
Hi Nicollete, thank you for the financial videos, I have been listening through most of them and I really appreciate the knowledge share. I quick question I need assistance with, were can I save my 12 months savings to buy a home? any suggestion please.
Just what I wanted to see ma'am . Starting with you this year mama . Thank you for this video
My pleasure 😊
Emergency savings really solve emergencies in it they say it must pay your monthly salary for 3months let say during strike .
You know my sister I needed this thanks a lot my financial bunny ❤️💖💖💖❤️
LOve you
oh Nicolette, I cant wait for the mjolo story🤣🤣🤣🤣
Lol 😂 The introduction about mjolo 🤣🤣
I love Frac
You know you are obsessed with Nicollete when you actually listen to her videos while in the shower 😂 thank you for sharing your knowledge with us 😄
Lol I'm actually in the shower 🚿 right now
@@todanimavhandu4652 lol I’m glad I’m not alone
I know right lol
I do the same with the Clark Howard podcasts!!
I'm busy washing my face while listening to her🤣🤣🤣
Happy new year Nicolette. You life saver you 🎉
Happy new year!! Thank you, lets have a good financial year yeah
Atleast you learnt a lesson from that fruitless relationship. Now we will get unlimited content.
Listen - Just remind me LOL
Very informative ❤
U the BEST. Keep shinning
Thank you so much for this information 🙏 God bless you.
Complement of the new year.... Can I have a link for the frank app
Thank you, great video. may you kindly make a video and explain more on the home loan access (option 1) vs fixed home loan
Oki doki i will but basically with the access account you can make additional payments over and above your monthly required instalment. if you need the money you can just withdraw it
@@FinancialBunny Thank you so much
Great content well explained. access account good idea . franc app great
Reminder on the video you owe us for the fruitless 6 months of 2021 because of umjolo 😉 🐾
Umjolo is a pandemic
Sis could you please create a separate video regarding the "Frank app" . I'm curious to learn more. 🥺🥺
ua-cam.com/video/hZnuxUTMrCA/v-deo.html
@Ayanda Sikhosana Thank you so much! ✨
Ma'am, you're good at what you're doing.
Keep it up 👌🏼🌺
Nicolette, thanks so much for all your advice. Always so much valuable info. Appreciate your channel so much🙂
Happy to help!
Mjolo the pandemic, take slow Nicolette don't give up..
Nicolette you have no idea how much I needed this it came a perfect time🙏🙏🙏.
I shared this video with my financial partner before even watching it. My fiance and I have just accumulated a substantial amount of money in our emergency fund but now the issue is the dilemma of what exactly constitute a financial emergency. And we really don't want to start using it on non emergency needs. This will really help us. Thank you very much for your content 🙏🙏🙏🙏
Welcome back, Happy new year Nicollet. ❤️
Compliments of the new year Nicolette!
Mjolo o dirileng!?😭😭😭😭🤣🤣
Great video! 👌🏾🥰
I love you! I learnt a lot from you over the years❤️
For a couple of months now I have been stressing out about the account and the institution I need to use for my emergency fund savings. Thank you for answering my prayer🤝
preaching good
Nicolette thanks for your information ❤️❤️
"Ding Dong - Trick or Treat . . ."
Governance, Markets & Institutions are Confined to binding documentation & frameworks - Insurance is our only Assurance which is non-existent unless you remain persistent...
Sorry to hear about that 6 months ,hope it’s comes with a financial lesson😂
so many oe
Now I know the difference 🤗thank you
Can't wait for that juicy story time😍😍
Happy new year sisi❤🎊
Happpppyyyyy
I needed this.
Happy new year Nics ❤️ and to your family and our darling Pretty🎈
Pp pool
Thank you ses wam'... I used to have one until I told my wife about it😓😓😓😓😓
It's a new year and ill have to start one again.💯
🤣🤣🤣🤣
Bathong 😂😂😂not funny kodwa hayi lomama 😂😂😂
This time don't tell her about it
Good day Nicolette , I am from Zimbabwe does the frank app accommodate non-South Africans
Ill need to ask the guys at FRANC
@@FinancialBunny Thank you
Great video. Thanks as always Nicolette! Love the quote "the best sleeping pill on the market." Came across it in your book last year & yeah, l definitely sleep well! For me l use a simple criteria to determine where to keep an emergency fund:
1) Hide it (you can't keep it handy otherwise it will get spent. Everything will become an "emergency" if you always see it e.g if you attach a savings account to your checking account & can see it on your banking app).
2. Keep it liquid i.e easy to get with no penalties. This makes things like 32 day notice accounts, savings bonds, investment accounts not ideal. You don't want to be paying a penalty to withdraw when an emergency arises or cash in on an investment when the market is down!
My preference: a Money market account with no penalties & full checking privileges preferably with an Investment Management Company (not a huge fan of bank's money market a/cs).
& lastly, I've learnt its best to see an emergency fund for what it is - INSURANCE against rainy days & not a wealth building tool lest one gets bogged down looking for the best interest on the market.
I have mine in a 32 day account and it's been good in terms of me maintaining disclipline and not finding excuses for 'emergencies'. However, I agree that the liquidity can be a challenge especially in the case of an immediate emergency. So what I did was start an additional emergency fund which I call a Rainy Day Fund that has a 7 day notice and the amount is much less than the original emergency fund (and the original is reserved for cases like me losing my job or getting sick and not being able to work.) This may not be a solution for others to have two emergency accounts so I'd advise that for those that struggle with self-discipline, they should lock about 75% of the money in a 32 day account and have about 25% that can be accessed immediately. The percentages are subjective but I hope you get my point.
@@molebogengm7456 Wow that's a really great approach! I love how personal finance is just that...Personal!
Thank you very much for this information🔥🙌❤ I messed up my emergency savings because I couldn't tell the difference 🤣🤣🙌💔
You're highly appreciated this side😌
Thank you for coming back to us , we missed your financial teachings , hawu !! Asisakwazi.
you have literally answered a question I've been battling with for the past few weeks. Thank you.
I can't wait for the story time :D
Right!
Thank you so much 👌❤️
Notification gang gang 🙌🏾🙌🏾🙌🏾
You're the best!
What’s on your bookshelf…list them books please!
the only one that matters is Whats your move by Nicolette Mashile
Tell us the story girl am herr for it
We are here
So much to learn....thanks
My pleasure!
Girl you are IT🙌, I've missed your videos
Yay! Thank you!
Notification gang 💃💃💃
You're the best!
You can never go wrong with Satrix, love how professional they are and the interest ✅