Mapalo Answers: How do I start saving for retirement as a 20+ year old?

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  • Опубліковано 5 січ 2025

КОМЕНТАРІ • 18

  • @walkwithorr
    @walkwithorr 8 місяців тому +1

    Such an important topic. Often young people when they start working they do not want to hear the advice which says 'Start saving for retirement now' the only thing in their minds is fun and flashy stuff. Dear young people please save for your retirement it is tough out there, especially in this era where people no longer want to take care of family they call it black tax.

  • @boitumelomaboa4239
    @boitumelomaboa4239 9 місяців тому

    Hi thank you so much for featuring my voicemail 🎉🎉🎉🎉🎉🎉. I have started my retirement fund profile. I am so excited.

  • @mapulemofokeng8798
    @mapulemofokeng8798 9 місяців тому

    Always simplifying hard financial topics that would otherwise give us heart palpitations if we had to figure it ourselves! Love this, so insightful! ❤️

  • @davidsindana282
    @davidsindana282 9 місяців тому +6

    Okay on the subject of retirement I normally advise people that Noah's ark was an investment which save his life and family so my advise is let's invest in order to save our lives and our family's life

    • @MapaloMakhu
      @MapaloMakhu  9 місяців тому

      well put🙌🏾🙌🏾

    • @AmberMokgosi
      @AmberMokgosi 8 місяців тому

      Perfect example love it❤❤

  • @Sphe_Leo
    @Sphe_Leo 9 місяців тому

    🎯 Key Takeaways for quick navigation:
    💰 Start saving for retirement early to maximize compound interest.
    🏦 Explore your employer's pension or Provident fund for retirement savings.
    📊 Understand the details of your pension fund contributions and benefits.
    💼 Consider increasing your pension contributions for better retirement savings.
    📝 Know your group risk benefits within your pension fund for financial security.
    🔄 Open a retirement annuity if your employer doesn't offer a pension plan.
    💳 Utilize a tax-free savings account for additional retirement savings with tax benefits.
    📈 Choose reputable asset management companies like Centrix for retirement investments.
    Made with HARPA AI

  • @pheladifakude8237
    @pheladifakude8237 9 місяців тому

    Very insightful. Am in the process of increasing my contribution annually to keep up until am at the level I should be at with the help of a financial advisor

  • @walkwithorr
    @walkwithorr 8 місяців тому

    Best ETFs for now any S&P500, Nasdaq100, MSCI World.

  • @thembimatrose2369
    @thembimatrose2369 7 місяців тому

    But if the company doesn't have provident and pension fund benefits.. What do I do?

  • @financialsavvybunny_
    @financialsavvybunny_ 9 місяців тому

    I wish to know why you scratch out EasyEquities?

  • @anelisiwemadikida4716
    @anelisiwemadikida4716 9 місяців тому

    Which retirement annuity would you advise? I am going back to school full time, but my career does allow me to do part time jobs. I want to still continue with my pensions and investments

    • @anelisiwemadikida4716
      @anelisiwemadikida4716 9 місяців тому +1

      Ohhh I asked before you answered 🥲🤣satrix it is!!

    • @MapaloMakhu
      @MapaloMakhu  9 місяців тому +1

      @@anelisiwemadikida4716 😂😂Thank you for watching

  • @bongnkosimngomezulu6127
    @bongnkosimngomezulu6127 9 місяців тому

    Hi,my sister. How do I become a member of your whatsapp group?

    • @MapaloMakhu
      @MapaloMakhu  9 місяців тому

      you don't need to become a member, you just save it and send your personal finance question via a voice note

  • @seray7737
    @seray7737 9 місяців тому

    Hey .....how does one join the group??

    • @MapaloMakhu
      @MapaloMakhu  9 місяців тому

      It's a WhatsApp line where you can send your voice note