7 Baby Steps To Go From R 0 To R 100k In South Africa!

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  • Опубліковано 17 гру 2024

КОМЕНТАРІ • 304

  • @MoneyMarx
    @MoneyMarx  10 місяців тому +79

    Hey everyone. Just a quick update. The "Coreshares Total World ETF" referred to in this video has been rebranded as the "10X Total World Stock Feeder ETF" on EasyEquities. 😀

    • @Light17784
      @Light17784 10 місяців тому

      Do you South Africans pay extra tax on the money market account?

    • @AlbertCloete
      @AlbertCloete 10 місяців тому

      I also don't the the Vanguard Total World Stock on there. Can you link it?

    • @ToastingaBiscuit
      @ToastingaBiscuit 8 місяців тому

      @@AlbertCloete Vanguard Tot World Stk ETF

    • @hantusmostert
      @hantusmostert 5 місяців тому

      1. Buy Meme shitcoins with small market cap that runs on Solana blockchain
      2. DCA into Solana
      3. $ MSTR Microstrategy has Bitcoin on balance sheet, stock outperforms Nvidea since 2020
      4. Everything is a pair, BTC/MSTR is a money glitch. Check Invest Answers a youtube channel.

  • @Koen-x7h
    @Koen-x7h 10 місяців тому +256

    as a 19 year old black south african who cant afford higher education, this info is really invaluable, thank you so much. Ill try to make the most of this life of mine by making better money decisions.

    • @markambrose66
      @markambrose66 10 місяців тому +10

      Have you applied for nsfas?

    • @CostaMokola
      @CostaMokola 10 місяців тому +21

      Dude, I'd you think higher education is how to make money in life then you won't achieve a thing in life. There are people I schooled with who dropped out driving Italian super cars while I went to drown my self in debt with student loans and more... I'm now watching videos like this to fix my younger dumb choices to then start making credit to eventually make money (gold)... Don't waste your life.. get the experience that you need or start something up and make the credit you need to have a good life.

    • @markambrose66
      @markambrose66 10 місяців тому +18

      @TalkSteer I get where you're coming from man but it's quite wrong to a big extent. Many successful big entrepreneurs in south africa for example were former Chartered Accountants/Engineers etc

    • @CostaMokola
      @CostaMokola 10 місяців тому +2

      @@markambrose66 flip that's also true

    • @idiotinspector
      @idiotinspector 10 місяців тому +7

      You don't need a qualification to get a government tender, you just need to grease the wheels.

  • @Ray-mx2jy
    @Ray-mx2jy 9 місяців тому +35

    Thanks so much for this.
    35year old South African doctor here who really badly needed to hear this

    • @AngryJellyFish59
      @AngryJellyFish59 9 місяців тому +1

      how u 35 and a doctor and here with poor people

    • @Ray-mx2jy
      @Ray-mx2jy 9 місяців тому +9

      @AngryJellyFish59 University is expensive. Supporting your family is expensive. First gotta pay your life time of debt before you can build wealth unfortunately.

    • @AngryJellyFish59
      @AngryJellyFish59 9 місяців тому +3

      @@Ray-mx2jy ohh i get it im so sorry hope all get better soon :)

    • @siphokazibooi7375
      @siphokazibooi7375 4 місяці тому

      ​@@AngryJellyFish59poor people?

  • @EduardN6448
    @EduardN6448 9 місяців тому +27

    Just a head up to everyone, easy equities has started charging a R25 per month fee unless you are able to gather enough "thrive" points. So if you are planning on depositing money and forgetting about it, this will not be possible as you will have to jump through all their hoops every month to avoid the R25 fee. It might not seem like that much but it will eat into your profits over the long term

    • @kamogelok5315
      @kamogelok5315 5 місяців тому +2

      So what is your alternative?

    • @EduardN6448
      @EduardN6448 5 місяців тому

      @kamogelok5315 in the South African context I'll be honest I'm not sure what's available, I've been using EasyEquities for the last 3 years but after leaving the country a year ago I opened an account at a European brokerage account. I pay a sight commission on each transaction but no monthly fees, so for buy and hold investors, that plan on keeping stocks for longer periods of time and thereby massively reducing fees (fewer transactions = fewer fees) then doing it this way is far cheaper. While I have gotten good returns on EasyEquities I actually plan on closing my account with them and transferring all those funds to my new brokerage account since in the long run my losses due to taxes on that money will be less than those monthly fees.
      So my suggestion would be to find a broker that would give you access to foreign markets but does not charge the monthly fees. If I'm not mistaken FNB allows you to trade stocks but I'm not sure what their fees are or how they compare to the competition and since it's no longer relevant to me I'm not going to waste my time looking into that. I will leave that for you to find out and wish you the best in doing so!

  • @ajweideman5063
    @ajweideman5063 10 місяців тому +70

    Amazing video, every South African needs to see this🇿🇦💥

    • @MoneyMarx
      @MoneyMarx  10 місяців тому +3

      Thanks AJ. I really appreciate that! It would be awesome if every South African can learn how to get the basics of finances right. :)

  • @DEARTETE
    @DEARTETE 5 місяців тому +4

    Yohhh this is insightful
    Pulling my notebook for classes. M camping here

  • @mthokozisimyende787
    @mthokozisimyende787 10 місяців тому +62

    7 Baby Steps To Go From R 0 To R 100k In South Africa!
    1:47 Save R10 000 in your Emergency Fund
    3:10 Pay Off All Your Short term debt
    5:45 Save 3 months worth of expenses (6:10 expense categories )
    7:32 Open and Invest in a TFSA
    9:43 Open and Invest in a Retirement Annuity
    12:12 Invest in Discretionary Investments
    13:48 Give back!!!!
    By Dr. Pieter Marx de Villiers

  • @jasondkiewit2318
    @jasondkiewit2318 9 місяців тому +3

    Great video. Started the baby steps with my wife earlier this year and currently on baby step 3. I think this plan is something ALL South Africans need to get on!

  • @MysteriousMindyThePants
    @MysteriousMindyThePants 10 місяців тому +28

    "Give back" I love that concept ❤. Great video, Pieter 🎉🎉

  • @Ban-Xi
    @Ban-Xi 10 місяців тому +21

    here i am unemployed learning about saving

    • @LeeChungTu7230
      @LeeChungTu7230 10 місяців тому +1

      Start a business

    • @allievandermerwe663
      @allievandermerwe663 4 дні тому

      I am sorry for your trouble my friend, and I do not have any quick solution for you, but I would advise you to hit the streets and start looking for ANY work, anything at all. If you end up pushing a broom that is fine, it is a start, from there I can help. Be the best, go all out and push your broom like no broom pusher before, be helpfull, learn from the guy who is making a bit more money than you and from the other people in your workplace. Be on time EVERY single day, be cheerful no matter what you are going through. We need to look after our jobs for them to be able to look after us, nobody owes us anything, we need to work for what we want. The short of this is : if you find a job and do your best it will slowly but surely help you foward.

  • @thulanisobekwa4519
    @thulanisobekwa4519 10 місяців тому +10

    Great video. Thanks for your time, energy and effort.
    If one watches this and ignores it...
    Then they only have themselves to blame when they don't see financial freedom.
    It will take long, but this is a blueprint.

  • @stefanengelbrecht9228
    @stefanengelbrecht9228 10 місяців тому +36

    I have been following and watching Dave Ramsey's content for years. Great to finally see a South African version. Thanks!
    Every time I hit the R10k emergency fund mark, I get hit by a crisis and need to start from scratch again. But it really is a life changer to not panic and try to get more debt to get out of the crisis, financially and mentally.

    • @MoneyMarx
      @MoneyMarx  10 місяців тому +1

      Thanks Stefan. It was fun to see how we can apply his principles to our unique S'affa environment! Well done on maintaining your Emergency Fund. It is serving its exact purpose of keeping you out of the short term debt trap, and although it sometimes feels a bit discouraging if you need to go back to Step one every time, it remains the foundation upon which your financial future are built. :)

    • @sherrainehiggs7380
      @sherrainehiggs7380 10 місяців тому

      Hi Pieter, you have done another well designed presentation, your Baby Steps adjusted from Dave Ramsey to what South Africans can relate to and especially helpful for new investors ( or Wealth Builders). I plan to watch your EEquities video you did previously again, to learn how to use this platform .😊

    • @CassidyLeslie92
      @CassidyLeslie92 5 місяців тому

      So glad I came across your channel. Glad that I'm taking these baby steps. Just closed my overdraft last month and my goal is to pay off my credit card this year. I don't have an Emergency fund yet as I really want to get rid of this credit card so badly.

    • @CassidyLeslie92
      @CassidyLeslie92 5 місяців тому

      I used the snowball approach

  • @elizabethhentze3767
    @elizabethhentze3767 6 місяців тому +1

    Thanks, dude. I’m in Namibia and following Ramsey, but wanted something a little more local and this helps.

  • @yolobangani5755
    @yolobangani5755 10 місяців тому +8

    Thank you for this education. It is very simple and straight forward for a regular South African who knows nothing about financial education. The aim is to put these steps in to action. You've gained a follower

  • @musaundescore
    @musaundescore 10 місяців тому +12

    this video is definetly underated

  • @mthokozisimyende787
    @mthokozisimyende787 10 місяців тому +14

    It's been a while Dr. Pieter, dankie for the great video

    • @MoneyMarx
      @MoneyMarx  10 місяців тому +2

      You are most welcome Mthokozi 🙂. It’s great to be back! 💪

  • @neojr9721
    @neojr9721 10 місяців тому +10

    Amazing as always, love the memes on the vids to make the learning more fun. I see you have 2.6k views but only less than 500 likes.
    People sometimes forget to click on the like button. I know you probably don't want to seem repetitive, but reminding the viewers to like in the beginning and at end of the videos would probably help

  • @SENFU-y9y
    @SENFU-y9y 10 місяців тому +1

    I took your advice a year ago and opened a EE TFSA and have only been investing in the core shares total world etf. Believe me when I say I'm SHOCKED by the amazing performance, I can't thank you enough!!!

  • @firefly3739
    @firefly3739 9 місяців тому +4

    Wish I learned this in school thank you for the great advice

  • @financialaffairswithnosipho
    @financialaffairswithnosipho 10 місяців тому +6

    This is a great comprehensive video Pieter, enjoyed it!! Keep up the good work and Thanks for educating us.

  • @realebogamalwane794
    @realebogamalwane794 10 місяців тому +6

    Wow❤ Thank you ey.. ive always needed this ... a translated version, and you gave it life ey 🎉.. keep going bro!!

    • @MoneyMarx
      @MoneyMarx  10 місяців тому +1

      Thank you, you are most welcome! I hope it helps :)

  • @DEARTETE
    @DEARTETE 5 місяців тому

    I loved that u also mentioned GIVING BACK.
    IN my hearts of hearts I believe n wish to give back heavily

  • @Mbhele23
    @Mbhele23 9 місяців тому +1

    Easy steps to follow. Extremely difficult to do... Thank you for the great video and channeling our focus.

  • @santiturner8114
    @santiturner8114 10 місяців тому +11

    Thanks Pieter! Great content as per usual!

    • @MoneyMarx
      @MoneyMarx  10 місяців тому +2

      Dankie Santels, ek waardeer! 😀

  • @calmingbabysleep1256
    @calmingbabysleep1256 10 місяців тому +5

    Ive been following Dave Ramsey and thought about how this will apply to Saffas. Baby step 5 . Thanks Pieter!!

    • @MoneyMarx
      @MoneyMarx  10 місяців тому +1

      You are most welcome! Well done for making it to Baby Step 5! That is really impressive! 💪

  • @botlebybotle2253
    @botlebybotle2253 10 місяців тому +3

    I love your interpretation that is relevant to South Africans, thank you for this. It's significantly simplified and detailed. I should hope I can follow these steps🙂
    Please keep the videos coming!

  • @zeezor
    @zeezor 10 місяців тому +2

    Really appreciate the contextualisation of the infamous baby steps 👍👍

  • @charlcoetzee3358
    @charlcoetzee3358 10 місяців тому +11

    If you have a Flexi-bond for your homeloan, I always advise people to use it as their emergency savings fund. Yes, it might be difficult to avoid the temptation of using it on dumb sh*t, but if you can control your impulses it is the best location to stash some cash. You are effectively getting "interest" at your homeloan rate and it is tax free. No bank or money market account is likely to beat that.
    Your thoughts?

    • @MusehanaH
      @MusehanaH 10 місяців тому

      Also the 'interests' aren't subject to tax

    • @erikjonker8739
      @erikjonker8739 10 місяців тому

      Genius! @MoneyMarx what are your thoughts?

  • @shadow23rd
    @shadow23rd 9 місяців тому +4

    If you living alone, and dont have any responsibilities, I would say depending on how much you earn, maybe try saving for an entire year, you wont regret it

  • @musaundescore
    @musaundescore 10 місяців тому +5

    Thanks!

    • @MoneyMarx
      @MoneyMarx  10 місяців тому +3

      Thank you so much for the donation! That is really awesome of you! 😀

  • @mosesmwangala3595
    @mosesmwangala3595 12 днів тому

    This guys is smart, thanks for the information.

  • @nomazwingcungama4841
    @nomazwingcungama4841 10 місяців тому +3

    I like Dave Ramsey…nice to see how u have applied it to the SA context. I’ve done the same with my finances

  • @djsbulive
    @djsbulive 10 місяців тому +4

    Great work Marx 🙏🏿

    • @Black_Saint-germ
      @Black_Saint-germ 5 місяців тому

      We keep learning from you great leaders,💪

  • @Leroy0070
    @Leroy0070 9 місяців тому +1

    Good day mate. I have not seen much of your contents but could you please make a video about debt management, savings etc...

  • @sharonstrauss1146
    @sharonstrauss1146 9 місяців тому +1

    Thank you so much.I wish I knew this 40 years ago but I will make use of it now ThNk uou young man

  • @theesanvedan
    @theesanvedan 10 місяців тому +4

    Good to see you back

    • @MoneyMarx
      @MoneyMarx  10 місяців тому +1

      Thanks! Great to be back :)

  • @dineosibiya2123
    @dineosibiya2123 3 місяці тому

    Gold information. Just subscribed, thank you Sir ,may you pls do a video about retirement and list companies , thank you

  • @sherwinabrahams2539
    @sherwinabrahams2539 10 місяців тому +4

    Hi all. I am one of Pieter’s Clients for his lifestyle financial planning. Just want to say, if you think you’ll benefit from financial planning I definitely think it is worth scheduling an initial consultation.

  • @Sean-yj3ft
    @Sean-yj3ft 9 місяців тому

    Looked for the Core Shares on your previous video and couldn't find it, thanks for the education and clarity on the change!! Been following for a while, you're doing a great job Doc! 💯

  • @lesego2933
    @lesego2933 10 місяців тому +3

    Thanks a lot, I am an aspiring FA

  • @dexterbartis3216
    @dexterbartis3216 10 місяців тому +2

    Hi. What are your thoughts on investing in the Satrix S&P 500 Index for your TFSA instead of CoreShares Total world ETF? Regards.

  • @Pulliefabulous
    @Pulliefabulous 7 місяців тому

    Your content is so refreshing and valuable,please keep it coming 😃

  • @moneyreimagined
    @moneyreimagined 10 місяців тому +1

    Pieter! Great job on this video Bud.🔥
    It performed sooo well 👏👏👏
    Definitely added a lot of value here and its nice that it was well received.
    Keep up the good work. 😉👌
    Timm & Justin

  • @SiyabulelaMateta
    @SiyabulelaMateta 9 місяців тому +1

    Thank you so much for the insightful advice

  • @homonaledi5024
    @homonaledi5024 10 місяців тому +5

    Baie dankie my guy. ❤🇿🇦

  • @sirkermitthefirstoffrogeth9622
    @sirkermitthefirstoffrogeth9622 10 місяців тому +2

    *SOUTH AFRICAN SPOTTED* 🗣🔊🔥💯‼
    *SOUTH AFRICA ON TOP* 🗣🔊🔥💯‼

  • @MusehanaH
    @MusehanaH 10 місяців тому +1

    Thanks for all your effort, Pieter. Your videos are great. I have a lot to catch up to!

  • @heatherjane0808
    @heatherjane0808 4 місяці тому

    Appreciate your videos so much thank you Pieter. Is this advise still advisable if we're in our 40's?

  • @karabonkosi5600
    @karabonkosi5600 10 місяців тому +1

    Hi, I just saw your baby steps video and I just wanted your opinion on two companies and products.
    I opened a retirement annuity plan with Liberty. Then I took out a Life cover with Capital legacy. I'm not 100% sure about Capital legacy, I just didn't like any of the other insurancers.
    Also can you make a video about life cover in South Africa? What to look out for, how it should be used? What should you put in your will etc?

  • @SteHanBotha
    @SteHanBotha 9 місяців тому

    Stoked to get this perspective from a fellow Saffa 😎 Let’s gooi hom! 👌

  • @iamflake-official
    @iamflake-official 9 місяців тому +1

    Good vid. Thanks for the time and effort.

  • @modikoakoena250
    @modikoakoena250 8 місяців тому +1

    Thanks, great video

  • @Everlaste2112
    @Everlaste2112 9 місяців тому

    Clear and really good advise. Life insurance? Where does that fit in…something i couldn’t care about in my 20s but now married with a kid its important.

  • @wentworthpowrie4497
    @wentworthpowrie4497 2 місяці тому

    I have a few questions.. what about saving for kids education? Brockton’s vs easy equities and building a dividend portfolio? Thank you and great information !

  • @jechraisini8036
    @jechraisini8036 10 місяців тому +1

    you deserve 100k likes

  • @LeeshreeNaidoo
    @LeeshreeNaidoo 10 місяців тому +1

    Thanks Pieter, always appreciate your content. I can't seem to find the ETF Coreshares Total World on Easy equities, can you perhaps advise. Thanks again.

  • @marnus8197
    @marnus8197 10 місяців тому +1

    Hi. Can you make another Retirement investment/planning video. Discussing different options such as RAs, Pension funds, Provident funds, etc.. "How to invest for retirement in South Africa pt2" ?

  • @leratosebola945
    @leratosebola945 10 місяців тому +1

    This makes so much sense, thank you so much for this 🙏

  • @markthompson4859
    @markthompson4859 10 місяців тому +1

    Thanks Mnr. Im 58 this year and would lke some advice or guidelines for us balies who are only skrikking wakker now. Sub'd and following you now

  • @purvislewies3118
    @purvislewies3118 6 місяців тому

    blessed video mazekind...how much shares can you buy from a company and if you have enough shares...can one be involve in company day2day running or drive it into a new innovated direction of sou iets ja

  • @allentv5518
    @allentv5518 10 місяців тому +1

    I am in Namibia But I am going to use these methods, So i start managing my money properly😅

  • @mattthorpe2679
    @mattthorpe2679 9 місяців тому

    Bro this is such a great video!!! One of the most frustrating things that I find is that all of the financial advice videos I find online generally apply to Americans. Don't get me wrong they have some great advice but ALOT of there advice has nothing to do with South Africans. It would actually be GREAT if you could start a series where you translate popular financial advise videos aimed at Americans and translate it for South Africans.

  • @KyleJeremiahChetty
    @KyleJeremiahChetty 10 місяців тому +1

    Love your content brother❤
    Especially giving the 10% to your Tithes and church or giving to the man on the street
    You gained a follower all the best to reach your 30 000 followers❤

  • @chrisrojas3561
    @chrisrojas3561 10 місяців тому

    Good advice to track what you spend your money on. There's nothing worse than trying to make it to the end of each month, wondering where it all went.

  • @tidywats257
    @tidywats257 9 місяців тому

    The info in this video is so good that even my wife would agree... 😉

  • @tebogomarokana2740
    @tebogomarokana2740 9 місяців тому +7

    Why this is not taught in school is beyond me, a person can avoid so much waste of time and money

  • @emmabowdler5607
    @emmabowdler5607 9 місяців тому

    This is very helpful, good advise, thankyou 😊

  • @Corbsss
    @Corbsss 10 місяців тому

    Amazing video everyone should see this in South Africa. I have the emergency saving fund and no credit card debit, but always wondered what do I do next. Started investing a bit to early but this helps a lot for the next steps I should take

  • @LOXN
    @LOXN 9 місяців тому

    I like this guy. I can just hear the experience 😂

  • @michaelmuthivhi7672
    @michaelmuthivhi7672 8 місяців тому

    Thank you so much for this, God bless.

  • @pixiebomb28
    @pixiebomb28 10 місяців тому

    Thank you so much for this information! I've watched a few similar videos about investment, personal finance etc but as they're always by people from other countries I've always been stuck on how to apply them here so much appreciated.

  • @lethabomotshegwa5139
    @lethabomotshegwa5139 10 місяців тому

    I just started, hope this journey will be good for me.

  • @zipt5
    @zipt5 10 місяців тому

    I subbed immediately. 3 months then I am debt free and may consider some of your products and tools.

  • @she_her_rendani
    @she_her_rendani 10 місяців тому +1

    Hi my EAC on discovery is 2.83 for my retirement annuity is there a way to get out and transfer funds to a better vehicle? Thank you for the education

  • @dawncoulsonolivier9031
    @dawncoulsonolivier9031 8 місяців тому

    Excellent Marx for this great video

  • @GraceRumbiManyeruke-Choruma
    @GraceRumbiManyeruke-Choruma 10 місяців тому

    Hi Money Marx. Thank you for the great video. What would the SA version of paying off the home loan and child education be?

  • @TebogoEddie
    @TebogoEddie 3 місяці тому +1

    Brother 🎉you understand me

  • @WesleyWestMusic
    @WesleyWestMusic 9 місяців тому +1

    Great advice!

  • @thefluentknight1208
    @thefluentknight1208 10 місяців тому

    13:46 "Influenza" 😉 understood 😂

  • @agoodmansaid
    @agoodmansaid 9 місяців тому

    You’re a legend!

  • @nyikomahlawole
    @nyikomahlawole 10 місяців тому

    Thank you Pieter, this is some great advice. I have been looking for a financial advisor for so long. I’m in deep debt, but I now have a better job to start tackling my debts. I mean I’m talking over 700k in bad debt. On top of everything I was in debt review a few years ago. Which is still flagging on my profile. This will really help. But if anyone reading my comment has a way to help please do.

  • @MennoFlatSpecialist
    @MennoFlatSpecialist 10 місяців тому +2

    Would like to hear what you think of a passive RA from ETFSA, that holds low cost Index Tracker ETF's.

    • @sherrainehiggs7380
      @sherrainehiggs7380 10 місяців тому

      Etfsa also great low cost investment platform for Index trackers ETF.'s.

    • @MoneyMarx
      @MoneyMarx  10 місяців тому +1

      Hey Menno. That sounds really interesting! I havent personally used their platform yet, but will definitely check it out :)

  • @freddymabetha7946
    @freddymabetha7946 8 місяців тому

    best sub this year for sure! Am from Lesotho, and i'm wondering, if it's gonna be possible...

  • @bakangmatabane711
    @bakangmatabane711 10 місяців тому

    Can you please do a video reviewing types of insurances, particularly car insurances

  • @ThokozaniMotha-k1i
    @ThokozaniMotha-k1i 10 місяців тому

    Great advice man, grate presentation. Awe

  • @thoughtswithzuks
    @thoughtswithzuks 9 місяців тому

    God bless you man 🙏

  • @wentworthpowrie4497
    @wentworthpowrie4497 2 місяці тому

    Hi what about paying down the bond? I think that is baby step 5 or 6? Thank you

  • @lauraspetsittingservices5263
    @lauraspetsittingservices5263 10 місяців тому

    Thank you for this video!

  • @zukiswasiyata101
    @zukiswasiyata101 5 місяців тому

    Thank u so much its much clear now

  • @juro6
    @juro6 9 місяців тому

    With the ANC talking about prescribed assets (again) do you still recommend a RA?

  • @Noryb01
    @Noryb01 10 місяців тому +1

    RE: retirement annuity. I would place 55% in the sygnia enhanced all bond and 45% into s&p500/fang+ai.
    I would not invest into any South African equities.
    and I would also save cash until you have 300k. So that you can take advantage of your interest income allowance.

    • @rationalthinker9181
      @rationalthinker9181 10 місяців тому +1

      I agree SA equities have been a waste of time for 20 years

    • @buhleshezi5222
      @buhleshezi5222 10 місяців тому

      I really wish I knew what u we’re saying 😢 I have a bond and really wanna know how I can maximise it

  • @sandilekhendle9495
    @sandilekhendle9495 10 місяців тому

    thanks a lot, I realized I have a lot of catching up with your content.

  • @RobertRussell055
    @RobertRussell055 10 місяців тому +1

    Extremely grateful I landed on your channel and this video. Well done mate. Keep it up. And thank you 🙏🏻

  • @ethangutsche1754
    @ethangutsche1754 10 місяців тому +1

    Hi Pieter, great video, what do you think about the new R25 fee per month for easy equities? Does it make it less viable?

    • @erikjonker8739
      @erikjonker8739 10 місяців тому +2

      As I understand it, you only pay the fee if you don't invest. I don't think they should have added it, but I now use it as motivation to at least invest something every month

  • @tracyschmidt1081
    @tracyschmidt1081 10 місяців тому

    You are brilliant! Thank you for the clarity. PS: No 7 is👌

  • @jpkuyler6316
    @jpkuyler6316 10 місяців тому

    Good Idea to apply the baby steps in a South African context but how can you invest in discretionary investments without first paying your mortgage. As a 33 year old with an investment portfolio with about 70% of it in property I always say pay your primary residence.
    And if you have knowledge of the property sector in South Africa buy multiple properties via a mortgage as long as you can cover the costs should a tenant default or have enough savings to carry the property. Ramsey would say pay cash but if you buy low and have knowledge into the property market from where to buy, what to pay and you can do your own transfers then you buy low and tenant the kak out of those properties. Within a few years your equity will have increased substantially to the point where you can sell half and pay the others cash if your risk barometer have gone through the roof as you now have all that equity to lose.

  • @Zaro_GMP
    @Zaro_GMP 10 місяців тому +1

    All these tips or steps are very beneficial however the title says from 0 which is kinda misleading because from the first step being saving R10k well, that means you starting from somewhere..

  • @theguydt
    @theguydt 10 місяців тому +1

    I am curious to know how the R25 Easy Equities fee will impact our growth? Could you kindly share your opinion on this?
    :)

  • @CostaMokola
    @CostaMokola 10 місяців тому

    Awesome video bud

  • @PrinceLekota
    @PrinceLekota 10 місяців тому

    This is brilliant!!!!!