Good for you. But not always practical, remember investing works with time. Can’t pay off debt for 5years at the age of 40 to start investing at 45….you’re already behind time therefore you’ll need to invest way higher amounts to catch up
@@GeorgeAusters well it depends whether you want to get to 65 without any savings or investments but with zero debt. I would rather have a bit of both Debt with savings or investments
Nicolette, listening to you changed my life. 3 years ago I had just over 300k in unsecured debt. I started paying it off aggressively and now I only have about 50k left to pay off because of your advice. Once done in a few months, this year, I will be investing just as aggressively 🙏
got so scared everyday thinking on when I would get the loan done with, then I encountered a professional broker who proposed a daily passive income as Crypto investment and I jumped on it. I earn $900 daily of my total Investment and no capital lost.
My strategy is to focus on paying off high interest debt like my credit card while paying the minimum amount on other debts like my student loan and also investing whatever I can in ETFs. This is also in addition to saving toward retirement (coz this is also an investment). However, if one is drowning in debt that has high interest, I think it is best to focus on stabilizing and minimizing that financial risk before investing. You don't have to be debt free to invest. Just get rid of whatever debt keeps you up at night.
Thank you Nicolette for discussing this because financial institutions hardly encourage consumers to invest rather to take debt. This is a good way to make people think about it
Waiting for 2 companies to pay dividends this month and sell my entire EasyEquities holdings to pay off my credit card and start investing on EE from scratch 🤞🏾
Nicollette Mashile... I absolutely love this content... Big ups to you girl... May this channel grow... Love it for me... Where can we purchase your book? Love how you get straight into it... You articulate issues so well
Back in 2019 I decided to buy my mother a Mazda 3, 2020 version. One of the things that the salesman advised me against was the balloon payment. I didn't know what this was but he explained it to me and I agreed with him. He negotiated the financing for me and I went to the finance lady to sign, it must have been excitement but i don't remember her saying anything about a balloon payment to me but because she knew I didn't want it so I just signed everything. Because now I am planning towards pay off this car i decided to review the financing of the car. Boom there was an almost R90000 of balloon payment. I am asking myself why would a salesman advise me against something and then decide to negotiate on my behalf for it. This was my first debt so I was in no way desperate, I could have afforded even two of those cars at that time. I feel defeated!
@@FinancialBunny I'm going to pay my home loan off first. I was saying to my partner this is a bigger investment for me than investing in EE. My stocks can go down and I can loose everything whereas my extra payment towards my home loan is a better investment I won't lose my money there.
@@FinancialBunny thank you so much for your video. I am investing into unit trust already so as you said it is investing so essentially I'm doing both but spending more on my home loan as before.
Through your videos.I have successfully paid off my credit card today. Now only have one more loan to pay . Will need your advice though paying off the last personal loan... I have half of the money i owe to clear the loan, now don't know if I must save it through investment until it is enough to settle the loan maybe after 6months. Than Start from the scratch? Please kindly advise
Very informative, thank you. Is there a chance that you can please discuss purchasing a car or any other asset using your flexi funds from a home loan as opposed to making use of separate financing?
Taking equity from an appreciating asset to buy a depreciating asset, I wouldn't do that. I'd rather take equity from an existing home loan to buy another asset that will generate cash flow, from that cash flow will be able to buy a car.
I thought I could do both, but with the trajectory the repo rate is currently on, I am on a journey to aggressively pay off my vehicle debt. That should free up money to invest.
got so scared everyday thinking on when I would get the loan done with, then I encountered a professional broker who proposed a daily passive income as Crypto investment and I jumped on it. I earn $900 daily of my total Investment and no capital lost.
Thank you for sharing this valuable advice. Please kindly assist if possible with the video about "account in access" whether it's very important to also pay it off " the negative balance" and how to stop the amount from increasing. Thank you
@@FinancialBunny acoount in access is when you have stopped using your account and letf a negative balance, now each month the bank charges you 70 with interest as their management fee the account has expired and you have about 2 year without using such account. Thank you
@@FinancialBunny I have so much respect for you Nicolette, I wasn't shooting your style of presenting. It's just the topic at hand relates a lot with what I am going through. I am busy with an Instalment Sale Agreement and I am using a personal loan to secure my first property
Thank you so much for this informative video…♥️ With me I have a car that I’m paying and it’s still new, I wanted to pay the ballon amount so I can start saving up for a house (deposit). However I was told I can only pay the ballon towards the end of the term. Now I have this money sitting in my account, please advice what I should do 🙏🏾 I have easy equities and I bought small’nyana shares and some is in my Tax free account. Was contemplating saving more into Old mutual or Sanlam tax free account. Please help 🙏🏾
Hi Monica, I don’t know if it is too late to respond to your question. I’d advise you to use that money towards your car loan and ask the bank to lower your loan term, that way you save on interest rate they charge you on the monthly installment and you pay off your car debt quicker. Nicolette did a video on this, if you can just look for that video. It’s informative.
For faster money, I always recommend straight flipping. Use existing infrastructure - don't create your own sites and products. Just use what exists already, and sell what's popular already. Fast. Money---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- i just made a whooping $10,000 from cognitivehacks@yahoo.com
For faster money, I always recommend straight flipping. Use existing infrastructure - don't create your own sites and products. Just use what exists already, and sell what's popular already. Fast. Money---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- i just made a whooping $10,000 from cognitivehacks@yahoo.com
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Pay off all debt then invest.. I have zero debt and just started investing this year
Not always practical
This works but not easily for bond
Good for you. But not always practical, remember investing works with time. Can’t pay off debt for 5years at the age of 40 to start investing at 45….you’re already behind time therefore you’ll need to invest way higher amounts to catch up
@@SammyNdlovu1212 Depends if you want to be paying a mortgage until you're 65
@@GeorgeAusters well it depends whether you want to get to 65 without any savings or investments but with zero debt. I would rather have a bit of both
Debt with savings or investments
Nicolette, listening to you changed my life. 3 years ago I had just over 300k in unsecured debt. I started paying it off aggressively and now I only have about 50k left to pay off because of your advice. Once done in a few months, this year, I will be investing just as aggressively 🙏
got so scared everyday thinking on when I would get the loan done with, then I encountered a professional broker who proposed a daily passive income as Crypto investment and I jumped on it. I earn $900 daily of my total Investment and no capital lost.
He is licensed and regulated by Finra. You can look him up on
lG
gary randall trading
I bet you'd pay it in a short time
Well done ❤
My strategy is to focus on paying off high interest debt like my credit card while paying the minimum amount on other debts like my student loan and also investing whatever I can in ETFs. This is also in addition to saving toward retirement (coz this is also an investment). However, if one is drowning in debt that has high interest, I think it is best to focus on stabilizing and minimizing that financial risk before investing. You don't have to be debt free to invest. Just get rid of whatever debt keeps you up at night.
I am killing debt first to free up some cash.
Thank you Nicolette for discussing this because financial institutions hardly encourage consumers to invest rather to take debt. This is a good way to make people think about it
Very True
And your book is also one of the best investments.
It's amazing 👌🏼
Also what are these comments😅
Waiting for 2 companies to pay dividends this month and sell my entire EasyEquities holdings to pay off my credit card and start investing on EE from scratch 🤞🏾
Really clever strategy, wow.
@@thandekamogotsi9513 I have to, the interests on my cc are killing me
Thinking of doing the same in the coming year
Mind if I ask which companies are those?
Another session of listening to Nicole spitting facts!
Thank you
Thank you for always indulging me
Finally subscribed 😌
Girl is ready to fix her finances and this video just what I needed…thank you Nicole.
Very informative, I'm definitely killing those debts first before even thinking about investing.
Love this, so true
paying off debts is a form investment, haven't thought about like that, thanks Nicolette and team
What is going on with the weird comments in the comments section 🤔🤔🤔🤔?
I’m as shocked as you are
Look I also don't know. We live to see another day
You are touching and changing lives 🙏🏾 through these educational and informative videos on money matters.
Dope information we all need to hear this at the Life Orientation class.
Hey Bunny, how long does is take for credit score to recover after you have settled things that ruined your score.
Thank you so much for continuous enlightening us On our Finances ❤️
You are so welcome
Thanks for this Nicolette, It is good to get affirmations of tried and tested methods.
Thanks so much for sesi Nicolette for this video. It is quite informative. Keep on doing God's work 🙏🙏🙏🙏♥️♥️♥️♥️💯💯💯💯.
The way I love you Nicolette ❤️
Very informative#Thanks Bunny❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️
My favorite TH-camr💃. My inspiration to my TH-cam channel ❤️Thank you Nicollete.
Lets work mama
Pay off you debt
I prefer paying off debt first then invest.. Or do them parallel if the debt doesn't have too much interest
So what are you currently doing? investing or paying off debt?
@@FinancialBunny I am currently Investing 💃
Nicollette Mashile... I absolutely love this content... Big ups to you girl... May this channel grow... Love it for me... Where can we purchase your book? Love how you get straight into it... You articulate issues so well
Thank you Nicole....
Thank you
She just never disappoints, lovely.
Thank you I needed this 👌❤️
You’re welcome 😊
i have never been so engrossed in a video like i have with this one. Best 12 minutes of my life
We learning,thank you for educating us.❤
It's my pleasure
Location, re mo💃💃💃💃.
Back in 2019 I decided to buy my mother a Mazda 3, 2020 version. One of the things that the salesman advised me against was the balloon payment. I didn't know what this was but he explained it to me and I agreed with him. He negotiated the financing for me and I went to the finance lady to sign, it must have been excitement but i don't remember her saying anything about a balloon payment to me but because she knew I didn't want it so I just signed everything. Because now I am planning towards pay off this car i decided to review the financing of the car. Boom there was an almost R90000 of balloon payment. I am asking myself why would a salesman advise me against something and then decide to negotiate on my behalf for it. This was my first debt so I was in no way desperate, I could have afforded even two of those cars at that time. I feel defeated!
Damn, after then you cannot sign anything before reading, no matter how insignificant it may be.
Geez they did you dirty. Big lesson there
Just what I was contemplating about 👌🏾
So what will you do?
@@FinancialBunny I'm going to pay my home loan off first. I was saying to my partner this is a bigger investment for me than investing in EE. My stocks can go down and I can loose everything whereas my extra payment towards my home loan is a better investment I won't lose my money there.
@@FinancialBunny thank you so much for your video. I am investing into unit trust already so as you said it is investing so essentially I'm doing both but spending more on my home loan as before.
@@curlytisha4375 if I may ask, how long to plan to pay off your property?
@@lesegonkoana8463 good morning my goal is 15 years. 🤞🏾🤞🏾
Through your videos.I have successfully paid off my credit card today. Now only have one more loan to pay . Will need your advice though paying off the last personal loan... I have half of the money i owe to clear the loan, now don't know if I must save it through investment until it is enough to settle the loan maybe after 6months. Than Start from the scratch? Please kindly advise
My fav❤💃💃
Thank you, this is so helpful.
Hi Nicolette, I hope you get to this comment. Do youthink it's wise to withdraw 50k from standlib and grow my EE account?
Very informative, thank you. Is there a chance that you can please discuss purchasing a car or any other asset using your flexi funds from a home loan as opposed to making use of separate financing?
Yes please, i want that as well
ME TOO, I AM INTERESTED IN USING THE HOME LOAN. LETS SAY YOU DONT CLOSE THE ACCOUNT ARE YOU STILL PAYING SERVICE FEES?
Taking equity from an appreciating asset to buy a depreciating asset, I wouldn't do that. I'd rather take equity from an existing home loan to buy another asset that will generate cash flow, from that cash flow will be able to buy a car.
Yes I can
I thought I could do both, but with the trajectory the repo rate is currently on, I am on a journey to aggressively pay off my vehicle debt. That should free up money to invest.
got so scared everyday thinking on when I would get the loan done with, then I encountered a professional broker who proposed a daily passive income as Crypto investment and I jumped on it. I earn $900 daily of my total Investment and no capital lost.
He is Licensed and regulated by Finra. Look him up on
lG
gary randall trading
You won't have problems with that loan no more
Invest first
How can I get your book?
I'll withdraw all my investments and go in debt for you 🤣
Thank you 🙏🏼.
You are so welcome
Would really appreciate it if you could make both a video for TH-cam as well as an audio podcast on Spotify or Moneyweb.
O tshwere gotlhe..100%...and u were so passionate..xo
I think i got my answer :) Much appreciated
Thank you for sharing this valuable advice. Please kindly assist if possible with the video about "account in access" whether it's very important to also pay it off " the negative balance" and how to stop the amount from increasing. Thank you
Please explain a little further.
@@FinancialBunny acoount in access is when you have stopped using your account and letf a negative balance, now each month the bank charges you 70 with interest as their management fee the account has expired and you have about 2 year without using such account.
Thank you
What kind of account are you talking about Sibongile?
I have never heard of it. Please enlighten me.
@@thunziemafu4655 savings account well its a student achiever account.
Thank you love. That was very helpful❤
Ok
I was in debt,I invested nd the money I invested helped to pay the debt
Thank you
Very informative. Thank you.
How do you negotiate? Where do you start?
Informative, thanks Bunny.
I love how invested you were in the video!
Thanks for this video
Always a pleasure
Wow u so goooooood
That was very informative 👍
Where can I buy the book?
Dropped the mic too soon
the echo in the background is really annoying, but the message is on point though.
Im so sorry for the Echo Lorens
Great content. I'd do both.
You are very wise 😍
Excellent!!
Do you follow Dave Ramsey or Graham?
I refer to their teachings, wouldn't say follow them
Hairstyle ayikajwayeleki
Why not?
You don't know how I appreciate your videos.💫
wandi-shout-a usisi yhuuu. But enkosi.
#2wheelstoworld
But ke ndishouta all the time sana
@@FinancialBunny I have so much respect for you Nicolette, I wasn't shooting your style of presenting. It's just the topic at hand relates a lot with what I am going through. I am busy with an Instalment Sale Agreement and I am using a personal loan to secure my first property
Great vid. The echo is distracting though :(
Thank you so much for this informative video…♥️
With me I have a car that I’m paying and it’s still new, I wanted to pay the ballon amount so I can start saving up for a house (deposit). However I was told I can only pay the ballon towards the end of the term. Now I have this money sitting in my account, please advice what I should do 🙏🏾
I have easy equities and I bought small’nyana shares and some is in my Tax free account. Was contemplating saving more into Old mutual or Sanlam tax free account. Please help 🙏🏾
Hi Monica,
I don’t know if it is too late to respond to your question. I’d advise you to use that money towards your car loan and ask the bank to lower your loan term, that way you save on interest rate they charge you on the monthly installment and you pay off your car debt quicker.
Nicolette did a video on this, if you can just look for that video. It’s informative.
@@mashudumunyai931 thank u so much, this helped a lot. I’ll also look for that video ♥️
hayi maam those lashes are distracting.great content as usual
🤣
Broom
Trash comment.
For faster money, I always recommend straight flipping. Use existing infrastructure - don't create your own sites and products. Just use what exists already, and sell what's popular already. Fast. Money---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- i just made a whooping $10,000 from cognitivehacks@yahoo.com
For faster money, I always recommend straight flipping. Use existing infrastructure - don't create your own sites and products. Just use what exists already, and sell what's popular already. Fast. Money---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- i just made a whooping $10,000 from cognitivehacks@yahoo.com