Review - Moipone "14 million" Zulu - I Blew it EP 13 Season 2
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- Опубліковано 18 січ 2020
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Hi this has been a very informative review video. I've always wondered what I would do if a large sums of money were to be paid to me. But what really surprised me was the taxes charged by SARS for money given to family members etc. It show that the black and other communities are not informed about things like this or access is been made so difficult that one gets a shock when you hear about them for the first time. Now I have an idea as to how should one work when you get a large sum of money. Thank you for availing yourself and services to the masses that doesn't have the money to pay for them
Great video my brother thank you very much for the analysis, advise and most importantly offering yourself to assist🙏
I have learned a lot about this story, i think i shall do things real differently compare to what he/ she did, when God bless me.
Wow.... I need this guy as my financial advisor once I hit the jackpot
Thank you🙏
Did she manage to buy any BRAINS with her millions??? That should've been the first most valuable asset to be bought.
Great video, thanks for this!!! And you are right this is a failure of the system just as well as the people involved. Something needs to be done to improve the relationship black people have with money.
Thank you for such an insightful episode.
Thank you so much for the information shared publicly. God bless my dear
Bro thanks a lot for this video and opening our eyes. The day I get money I will search for you high and low, but for now keep well.👍
This is like buying groceries without a list, then you buy lots of sweets and you don’t have salt.
Thank you
Great work sir. Keep it up
Wow thank you sir...
Thank you for this video we need to educated with such things
God bless you greatly
You are welcome Thandi, God bless you too
Good information
Thanks for the review. The bottom line in all of this is, if you spend more than you earn, you are headed for a disaster. This principle applies in all spheres of finances. The only time one must spend more than he/she earns is if they buy assets, i.e things that will give you money in the short to long term. You still need to be careful when buying assets by monitoring your cash flow.
100%! it is very important to have more cash flow generating assets than credit plus your living costs combined.
Thanks for this sir. I learned a lot. 🙏🏿
Thanks for watching and subscribing, glad to help somehow.
Thankn you, great content subscribed right away!
Thank you so much!
wow...thanks dude, i didnt know that there still a lot to learn.
Thanks for watching, more videos coming up
Thanks for the insightful advice bro you really opening our eyes 👌👌😎
My pleasure!
It's 🔥
I just subscribed bro. 👌🏽🇿🇦💪🏿
I heard Moipone won R5 million again, let's hope she use it well this time
Wow, I also heard about this but havent seen any confirmations, either way hope she does better this time around.
It was jus a lie. I'm from Kutlwanong
There's no way, the universe will never reward you twice
@Thuls why not
I wish she does again
Very informative, thank you very much. She made all those mistakes because she was lacking knowledge. We all know how to spend money until a very large lump sum lands in our bank account then we start making stupid decisions. I like your disclaimer as well.
Thank you very much for watching and writing to us! Yes excess cash can lead to unforeseen tragedies because most people just don't know any other way to deal, except to be impulsive up until reality kicks in, when the money is gone.
Just subscribed… very educational! Will need it now that we’re fixing our SA! Will definitely contact you for future endeavours if you don’t mind 🙏💃🏽😍🙏🇿🇦
Thx bru u jas open mi mind , its a great lesson.
Glad to hear that
Thanks boet.
You are welcome
This story really touched me and it's something that could happen to anyone if you don't know much about finances. My friends and I were talking about it and a question was posed would it have been better to win the millions or not have won it and your life would have been the same because you're managing you're used to earning monthly versus getting a lump sum. What do you think?
Wow, that is very subjective question but very important. Honestly everybody would love the chance to win millions and attempt to see how they would use it, but how it turns out will depend on the individual, remember money doesn't change you, it amplifies, what was already inside you.
On another note, the painful thing is that after misusing it, the pain of regret and wishing to have done things differently could lead to depression and other mental issues.
Better money awareness in the buzz word. Thank you🙏🙏🙏
I will definitely consult a professional. Knowledge is important.
Nice video big up one day when i have alot of money you will be my accountant
This is really a great content and thanks for the enlightenment. I have a question for you is it advisable to have both an accountant and a lawyer as the trustees?
Another one is according to your estimation how much can an individual pay an accountant trustee per month?
I would need more information and context to understand the overall intention, but for now I could say that when appointing trustees, you are looking for persons that are fit and proper to serve the underlying intention, so in this case an accountant and lawyer have particular expertise that they can contribute.
But once again depending on the work requirement an accountant and lawyer can in some cases may have overlapping tasks and this can lead to clashing and operational issues but once again this is not always the case but may be something to keep in mind.
To discuss more you may email me at info@brightplanning.co.za
Thanks for the review. Very insightful and well made video.
Thank you and very much appreciated.
donations tax is for more than 100k not 100k and more. meaning that no tax is payable for the police bae donation. also its 20% for the amount over 100k if you donated 110k its 20% of the 10k which is 2k in total
Hy they the best video I🥰
5:09 There will be no donations tax because the amount did not exceed R100k. And if it did then the 20% would be charged on any amount exceeding 100k.
e.g If the advance was 101k then the donations tax would be 20% of the 1k. That is R200.
Just a question , on these videos there are a lot of dodgy financial advisors some working for the banks , iv seen a few videos where customers have been taken for a ride .... so I want to know how do you avoid this ?
Unfortunately that is the reality and therefore it is important as an inidividual to equip yourself with financial education in order to atleast make sense of advice that you are given. Also get opions from multiple financial advisors in my experience that can help make advicers improve their service when they are being compared to others in terms of their work.
If you still need assistance, you can contact us and we will help to guide your financial journey and help to inform your actions.
👍
I am surprised that Lotto is not taxed before payout!
Siyabonga kakhulu
Whats the point of all of this right now?
You really know your stuff bro🔥🔥
But she did earn her winnings. She didn’t win the jackpot for free. Jordan Belford worked, earned and defrauded (If that’s a word or term) his wealth, that man was a professional and he blew it. So regardless of how you get it and who you are, if one is ignorant, it’s their bliss
Rumour has it that she just won R5.8 million again. Tjo
Still waiting for proper confirmations but yeah she is becoming a lotto queen now, wow
Wow.God bless her👐
great video, good job
Thanks for watching and your support!
How and when is donation tax payer?
Fortune favors fools, indeed!
I would be interested if you were to go into like tax implications for forex traders, there isn't enough information about what could work against us.
Eg. Say I make withdrawals passing the 550k tax bracket what what and decide to file under a company name, when I buy assets under the business as opposed to my name etc.
Thanks for the wonderful suggestion, Nkateko! I have been planning something of a similar nature, will try my best to upload before the end of this month. Thank you for your support!
Is the lotto taxed before payout ?
There is absolutely no tax on Lotto winnings, the tax costs come based on what you do with the money
Yoooooh Abuthi where can I get the episode without you talking ?
😂😂
So after winning lottery how much do they tax in percentage ?
Zero in South Africa
Hi there Bro , your videos are really informative how do I contact you?
Hi, Secilia, thanks for the compliment, you can get in touch here bright@brightplanning.co.za
Yhoo
Where are you based. I'm in newcastle i need financial advisor like you
Hi Sibusiso, we are based in the Vaal, we have client nation wide and internationally, that is the benefit of 4IR 😉, please send me an email on info@brightplanning.co.za and we can talk
Wait a minute wait a minute, if I win lotto nd decide to share it with my siblings then SARS taxes me? 😳😳😳🤦♂️🤦♂️I didn't know this
Depends how much of it you share and there exemptions applicable...will make a video to breakdown Donations Tax, thanks for watching
If it’s less than R100k a year it’s no tax . Anything from from R100 001 to 30million gets taxed 20%
No guys did you hear she won 5 million recently 😭
Ke ile ka ntle kaya sebakeng sa ka sa thapelo,ka lla habohloko ka rapela.
Askies wena ngwanaheso, Ke tshepa hore o mametse👐❤
Is forex legit??
Any idea on South African books I can read for money literacy?
Hi Lehlohonolo, according to Nedbank these are the top Financial Literacy books to read in SA.
www.unlocked.me/money/save/top-south-african-money-books-to-help-you-gain-financial-freedom
Hope that helps, let me know if you need further assistance
@@BrightPlanningSA Thank you
Any free advise on submitting for Donation tax
Hi Arizona, nothing worthwhile is for free but I need more context or elaboration on your question.
@@BrightPlanningSA okay no problem I will look for a Tax advisor
I am poor....I need a car but not a fan of getting a bank loan. How can I save without having the ability dip into that pot. Not so disciplined!
To save is to have discipline. If you really want to buy the car then use that as motivation to be discipline on your savings journey. Also based on your info, if you are willing to save and have the ability to get financing but choose not to get it out of choice, then you should consider credit as it would force you to be discipline as you would have monthly obligations. At the end dont put yourself in a situation that will hurt you. Have a serious think about lifestyle changes or starting a side hustle to either increase your disposable cash or increase your income, this will be another way to learn disicipline and make extra income at the same time and could help to get you in a position to hopefully get your car.
Please not: This is not full advuce but guidance under limited conditions and limited information
There is no such thing as donation tax..
It’s money being transferred from one acc to another..
I'm afraid to admit to the point at hand but... There's is a donation tax the South African Revenue Service
Hi do you have an Instagram i can reach out to you with?
Hi @brightgtr
Bro we wanna watch the episode not you🤦🏾
lol😂
We don’t need a narrator
www.dstv.co.za/get-dstv-packages/