Your calculation is 100% correct. However R100 pm in 1977 (47 years ago) was 3x my monthly pay back then! I left at the end of 1998 with a once-off payout of R2500 - which then was huge, and proceeded to fulltime studies. Had I then invested that R2500 and managed to add R600 p.a. via holiday work, and then later when I got a job that was permanent employment, and added R500 pm for about 30 years, it would've been a very handy sum of money by now. The key is: the larger the starting amount (or principal investment), the larger the total, and the quicker the doubling effect comes into play. The same applies when its possible to increase the monthly contributions.
@@TalkingMoneyWithNozi Thank you ! busy navigating my demo account I should be able to deposit in the live account soon when I get the hang of it..thank you for the info still watching some of your content I was clueless on how to start
Don't touch the money and teach your children how investing works so that they can take over when they start working and become multimillionaires before age 40.
I wish I knew this a long time ago. In fact I wish my parents also knew this. Still I can do it for my child. If I live long enough. As for myself I don't have time to wait for 50yrs. I keep this video as note and teach my son this strategy
This is very interesting Nozi, Please tell me what to do to join such investment, I went to my bank and they did not have the explanation you have, I was so disappointed.
I was watching your video but myself I like to invest overseas . Starting by R200 for a year . Do you think it's a good idea . Please share your knowledge . I'll appreciate your response
Before I started working I sow this I went to the bank they didn't understand what I want exactly when I started working. I think I did know how to explain it. They ended up giving me 32days notice. account. 15 years ago.
@@TalkingMoneyWithNozi Many investments don't grow faster than inflation. There is also something called compound inflation. I just think those individuals that don't understand investments should get the full information.
But a million in 47 years would probably be worthing almost half of a mill if not less looking at inflation projections so it sound interesting when ur talking of a million now but what will a million rand buy you in 47 years from now
You didn't watch the video until the end. I didn't say you're forced to invest for 47 years. I said you can become a millionaire earlier than that by investing much more than just R100, it is entirely up to you. Don't just argue for the sake of just arguing 🙄
Hi Sisi Nozi Mxolisi here I would like to know . that if you Buy ETFS like Strix top 40 using the method of recurring contributions is that a good or bad idea? Or you can use once off method ?
Hello Nozi. Will my compound interest be affected if say I used to contribute R100 a month for a year and then change it to R200 a month maybe? Thank you
You can invest by opening a retirement annuity online or you can buy ETFs on the stock market. If you need guidance, you can book me for an online lesson or buy my ebooks for beginners from my online store talkingmoneywithnozi.com/collections/all
You can get compound interest in any investment or account which pays interest or dividends. You can earn 10% by investing in ETFs on the stock market or by buying government bonds. Please watch my other videos where I explain how to invest in ETFs and government bonds.
But there is no such thing as 10% monthly interest my love. Interest is paid out annually. If you want to calculate the monthly rate, divide the annual rate by 12.
@@nomhlemahlangu8025 10% is the average over long term. This means some years it will be higher and other years it will be lower, but if you take the average of all those ups and downs it’s about 10%.
Nozi: if ordinary people are guided well in this, and can pool their money into a Stokvel that makes use of this stock investment (then called a Stockvel!) it would circumvent to some extent the banking system that manages us on simple interest, then the 47 year waiting period for individuals can be slashed much shorter for the group. In addition, members can be required to make an additional R10 pm for each new year, etc. Do those calculations and the results will be spectacular. (Why government hasn't started such an initiative of savings, from which the Treasury could benefit, is beyond my understanding. Instead, they keep on borrowing more foreign money from the American banking system, trapping the citizens' children and grandchildren into a vicious debt cycle).
This is awesome to see but it's a scam. If you consider inflation plus tax. You should also consider the life expectancy of that country which you calculate this examples.
To buy my eBooks for beginners or book me for coaching, click on this link :👉 talkingmoneywithnozi.com/collections/all
But what would be the value of a million in 50yrs?
Your calculation is 100% correct. However R100 pm in 1977 (47 years ago) was 3x my monthly pay back then! I left at the end of 1998 with a once-off payout of R2500 - which then was huge, and proceeded to fulltime studies. Had I then invested that R2500 and managed to add R600 p.a. via holiday work, and then later when I got a job that was permanent employment, and added R500 pm for about 30 years, it would've been a very handy sum of money by now. The key is: the larger the starting amount (or principal investment), the larger the total, and the quicker the doubling effect comes into play. The same applies when its possible to increase the monthly contributions.
I'm here wishing if I started when I started working...but it's fine I owe my self to be disciplined and more consistent
We all wish we started from day one
Where do we invest and get compound interest? Please help
Same here
The power of interest has made banks rich, turning the power of compounding against us
You are so well spoken Nozi.. I am one of those who wanna stop procrastinating and start investing NOW
Please start. Time is of the essence.
@@TalkingMoneyWithNozi Thank you ! busy navigating my demo account I should be able to deposit in the live account soon when I get the hang of it..thank you for the info still watching some of your content I was clueless on how to start
Wow!! Loved this video. You’ve made financial literacy seem less intimidating and so easy to understand. Thank you
@@shemillionheir it's a pleasure
Better late than Never!!! I'm about to do this.....I Pray for Discipline!! ❤
That's a good attitude 👌🏽 👏🏽 👍🏽
I must open account where?????
You are the best Nozi...I wish I started sooner. I am a parent..I'll start investing for them today.
Don't touch the money and teach your children how investing works so that they can take over when they start working and become multimillionaires before age 40.
The 8th wonder of the world indeed is compound interest.
You're an Angel, Siyabonga Nozi 👌🙏
From Lesotho with love, thank you Nozi.
😊🙏🏼
protect this lady at all cost🫀
🎉🎉🎉 Cicie you really helped us 😊, i thank you so much for sharing this with us.
Really powerful illustrating it this way, thanks!
Pleasure 🙏🏼 ☺️
You are a ⭐️ thank you Nozi … m definitely oponeing a compound interest account now
Please recommend an account that offers compound interest on monthly not yearly.
Wow ! Nozi where were you all this time? Only listened to you for the first time today. I am so impressed. I am retiring in January 2025.
Wow, all the best for your retirement 👏🏽
Hi nozi thanx dear so witch canpan u can invest to Ather thing can u make 500 investment for 10yrs so how much I can get thanx
Yhe Nozi ndifuna indlu and ndizayithenga from oku investor...
I wish I knew this a long time ago. In fact I wish my parents also knew this. Still I can do it for my child. If I live long enough. As for myself I don't have time to wait for 50yrs. I keep this video as note and teach my son this strategy
It's never too late. If you don't want to wait 50 years, INCREASE the amount of money that you invest
Hey I am a first year student and I'm planning start now !!
Do it 👏🏽👏🏽👏🏽
Big up to you👊👊
Thanks for this video, it's extremely informative 🙌🏼💯
You're welcome 😊 🙏🏼
THank you so much Nozi for this valuable information. May God richly bless you
You're welcome 😊 🙏🏼
U are a gem Nozi... thank you from Zim👏🏽
Thank you for the compliment and for taking time to watch 😊
Thank you. Very valuable information
What an eye opener
🙏🏼
This is valuable information. Thank you Nozi
You’re welcome 😊
Thank you so much! Will the lump sum at the end of the investment period be taxed?
Hi Nozi, so glad I found you here on TH-cam, where do you suggest we invest, which investors give 10% interest. Thank you for your response
Invest in low cost diversified Exchange Traded Funds (ETFs)
Thank you, it's very informative. Can I have the compound interest link 🙏
Compound interest calculator:
www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator
+1 Subcriber...loved the Easy Equity video on max TFSA
Thank you for the sub 🙏🏼
Great video Nozi. Thanks for opening my eyes. What if I want to save in 10 years. How much to save every month
Hi sisi nozi... where to invest in this compound interest 😊?
Powerful information. Thanks 👏🏾
You're welcome 😊
m so excited Nozi
It's truly exciting ☺
Got yourself a subscriber ☺Thanks for the video💯📝📝📝🙏
Thank you 😊
Wow, you just blew my mind.
When I finally understand compound interest I was mind blown too. Then I started regretting why I didn't start earlier. 🙃
This is a beast...guys they said those who understand compound interest earn it and those who don't pay it🥵 I wish I knew this when I was younger....!
I also wish I understood compound interest when I was younger. But it is never too late
So eye opening
Thank you
Wow. Nozi. Thank you.
Thank you for sharing your knowledge Nozi🙏
🙏🏼
Hey what i put 500 Rand that is 6000 per year,
And motivating formula
My question has always been where can I find compounded investments
Buy ETFs
Any account where the interest is reinvested will compound
There's a App or
Which investors should I use to get interest on the investment
@@prevmash7354 stock market investments. Whatsapp me on 072 586 2827 if you need help.
So where do i open account? At bank?
Tell me where can I invest
To be honest I watched a couple of videos about compound interest and I get it however the question I have that where do I invest
In the stock market
Could this mean that if u double or triple your contributions, you could reach the goal in half or 1/3 of the time?
Go to the compound interest calculator and punch in your numbers.
3:07 @@TalkingMoneyWithNozi
Hi, what bank is the best for this?
Wow awesome I wish I know this when I 25 under 45 years Nozi
It’s not too late
Very good presentation
Also take into account the tax to be paid every year.
@@Imraan997 not necessarily. Depending on where you invest, you don't pay taxes
This is very interesting Nozi, Please tell me what to do to join such investment, I went to my bank and they did not have the explanation you have, I was so disappointed.
I was watching your video but myself I like to invest overseas . Starting by R200 for a year . Do you think it's a good idea . Please share your knowledge . I'll appreciate your response
Hi Nozi! Great work, I must say. Do you have companies that offer 10% interest pa, in mind? Care to share?
Invest in low-cost local and global diversified ETFs (Exchange Traded Funds) and you'll easily get 10% or more over the long term.
Hi. this is a great video. where does one invest this R100 based on your calculations because it looks good on excel
R100 was just an example. You should invest much more than R100 if you can. Please watch my other videos about investing in ETFs
Hyyy
How to start
Avery good teacher infact
Thanks Nozi ❤
Before I started working I sow this I went to the bank they didn't understand what I want exactly when I started working. I think I did know how to explain it. They ended up giving me 32days notice. account. 15 years ago.
Yhoooo
..ngumhlola
@@TabisaGogodla umhlola wani?
Hi Nozi , can you pay the 1200 as a once off deduction a year
Yes you can. But don't limit yourself if you can afford to invest more, please do it.
Wow. So what will happen if someone contributes that R1200 per month instead of per annum?
@@Kozani-s1m exactly!
Hi Nozi,can I ask is this the part where I use the setting Automatically re invest the money into the holding under my preferences in EQ?
Yes you can do that. Or you can manually re- invest the dividends yourself.
@@TalkingMoneyWithNozi Thank you💜
Where can I start in SA ? like what bank
thank you Nozi
You're welcome
what type of investment account would you need to open at the bank to get compound interest ?
You don't invest in a bank. You invest with asset managers or open a stock brokerage account and invest for yourself.
@@TalkingMoneyWithNoziHi Nozi how do i go about opening this account please send a link or so.
I am from South Africa where can I invest, and how
@@annelisevermaak5271 To buy my investing eBooks for beginners or book me for coaching, click on this link :👉 talkingmoneywithnozi.com/collections/all
Wow sis'Nozi thank you for this, truly appreciate you👏🤝
🙏🏼
Hi Nozi very informative...thank you
Glad you liked it.
You should also note that inflation is averaging 3.5 percent in SA.. This will eat away at the 1 million over the next 45 years..
Investments grow above inflation... Also, this video is not about inflation, but demonstrating the power of compound interest 😊
@@TalkingMoneyWithNozi Many investments don't grow faster than inflation. There is also something called compound inflation. I just think those individuals that don't understand investments should get the full information.
@@comrade916 yo thank you bro I was thinking the same thing that is very much possbily
Can you help someone in Botswana to invest abroad?
Yes. You can use Easyequities. Or use other apps available in your country. Read this article: brokerchooser.com/botswana
OK I'm trying to verify my easy equities app I would love to me mentored
Where to start
Look for a low cost brokerage account and invest in ETFs
But a million in 47 years would probably be worthing almost half of a mill if not less looking at inflation projections so it sound interesting when ur talking of a million now but what will a million rand buy you in 47 years from now
You didn't watch the video until the end. I didn't say you're forced to invest for 47 years. I said you can become a millionaire earlier than that by investing much more than just R100, it is entirely up to you. Don't just argue for the sake of just arguing 🙄
Hi Sisi Nozi Mxolisi here I would like to know . that if you Buy ETFS like Strix top 40 using the method of recurring contributions is that a good or bad idea? Or you can use once off method ?
Recurring is fine if you want to create a debit order for your investments
Please link the calculator for us
It's there in the description
Hi Nozi can yu plz help with easy equities I'm struggling to create a username it says error plz help
Does it depreciates?
It appreciates
What type of account would you invest this money in?
I would invest in the stock market
thnk u hle
Hello Nozi. Will my compound interest be affected if say I used to contribute R100 a month for a year and then change it to R200 a month maybe? Thank you
If you add higher amounts, compounding will also grow faster
Hello what's the platform or institution you invested in
I want to start please help i don't know where to start
To learn how to invest buy my eBooks for beginners or book me for coaching, click on this link :👉 talkingmoneywithnozi.com/collections/all
Where to do it
You can invest by opening a retirement annuity online or you can buy ETFs on the stock market. If you need guidance, you can book me for an online lesson or buy my ebooks for beginners from my online store talkingmoneywithnozi.com/collections/all
Please teach me how??
I mentioned how at the end of the video.
Sisi which company offers this 10% compound interest?
You can get compound interest in any investment or account which pays interest or dividends. You can earn 10% by investing in ETFs on the stock market or by buying government bonds. Please watch my other videos where I explain how to invest in ETFs and government bonds.
Where do we do this investments? is it the bank or an app maybe?
I use an app called EasyEquities and I buy shares
Hi Nozi i have R1000 im a beginner how or in what can i invest?
@@ernestjames15 install the Easyequities app onto your phone and buy ETFs. Watch my other videos about this
@@TalkingMoneyWithNozi thanks i will do that.
i did this and compared monthly interest and annually, and found out that monthly interest is better compared to annually. check it out
But there is no such thing as 10% monthly interest my love. Interest is paid out annually. If you want to calculate the monthly rate, divide the annual rate by 12.
@@TalkingMoneyWithNozi
it doesn't have to be 10% maybe 1%
Thank you, But i was looking for the "HOW" to make 10%
Did you watch the video until the end? I mentioned how
@@TalkingMoneyWithNozi I didnt, i just subscribed l like your videos on TFSA
So Nozi if i buy any etf with 3000 monthy i automatically get compound interest
I currently have etf investment did not know they have interest
ETFs will grow your money in 2 ways: 1. Capital growth and 2. Dividend payments. Your money will compound if you reinvest the dividends
Hi, where can I bank this I want to start
Invest in low-cost local and global diversified ETFs (Exchange Traded Funds) and you'll easily get 10% or more over the long term.
Where a those calculations practical mam wow
What do you mean darling?
Hi Nozi i have a question, so the 10% interest you are talking about is the interest that is the resultant of the change in Stock prices?
Yes.
@@TalkingMoneyWithNozi meaning that if that year the prices have dipped so is your interest
@@nomhlemahlangu8025 10% is the average over long term. This means some years it will be higher and other years it will be lower, but if you take the average of all those ups and downs it’s about 10%.
@@TalkingMoneyWithNozi okay thanks
How many years will that turn into a million?
Watch the video!
Per month..... ????? Not per year
Nozi: if ordinary people are guided well in this, and can pool their money into a Stokvel that makes use of this stock investment (then called a Stockvel!) it would circumvent to some extent the banking system that manages us on simple interest, then the 47 year waiting period for individuals can be slashed much shorter for the group. In addition, members can be required to make an additional R10 pm for each new year, etc. Do those calculations and the results will be spectacular. (Why government hasn't started such an initiative of savings, from which the Treasury could benefit, is beyond my understanding. Instead, they keep on borrowing more foreign money from the American banking system, trapping the citizens' children and grandchildren into a vicious debt cycle).
This is awesome to see but it's a scam. If you consider inflation plus tax. You should also consider the life expectancy of that country which you calculate this examples.
Name of investment?
Exchange Traded Funds (ETFs)