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
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
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.
@@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.
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.
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
Thank you, this is very insightful. So, you recommend/advise that in order to accelerate Compounding Interest, its better to INVEST in ONE/same ETFs Account?
compounding works on money that is growing on top of money. So you should contribute to your investments (whatever they are) regularly and grow them over long periods of time. If for example you buy 3 ETFs, then you invest regularly in those 3 ETFs over long periods of time and re-invest any dividends that you receive.
@@TalkingMoneyWithNozi ok thanks for further clarity....I've been practicing on Easy Equities demo accounts. Just to get the feel of it. The goal is to go live soon. Keep up the good work of educating us.
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.
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).
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.
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.
R1,000,000 in 47 years is not going to be R1,000,000. You need to keep inflation in mind. The value of money goes down with time With that rate you will barely beat inflation.
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 ?
@@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%.
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 Nozi, I understand compound interest.Where in SA can we invest on this long term i.e.47 years.Most of our banks limit us to a 60 month period.Would you just re-invest the saved amount after 60 months again?
@@TalkingMoneyWithNozi The stock market is not reliable. Since u are demonstrating interest the answer to her question is to reinvest at maturity each time.
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
protect this lady at all cost🫀
Wow!! Loved this video. You’ve made financial literacy seem less intimidating and so easy to understand. Thank you
@@shemillionheir it's a pleasure
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
Better late than Never!!! I'm about to do this.....I Pray for Discipline!! ❤
That's a good attitude 👌🏽 👏🏽 👍🏽
I must open account where?????
The 8th wonder of the world indeed is compound interest.
You're an Angel, Siyabonga Nozi 👌🙏
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.
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 👏🏽
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
You are a ⭐️ thank you Nozi … m definitely oponeing a compound interest account now
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
🎉🎉🎉 Cicie you really helped us 😊, i thank you so much for sharing this with us.
Yhe Nozi ndifuna indlu and ndizayithenga from oku investor...
Hey I am a first year student and I'm planning start now !!
Do it 👏🏽👏🏽👏🏽
Big up to you👊👊
From Lesotho with love, thank you Nozi.
😊🙏🏼
Thank you. Very valuable information
Really powerful illustrating it this way, thanks!
Pleasure 🙏🏼 ☺️
So eye opening
Thank you
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
Please recommend an account that offers compound interest on monthly not yearly.
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
Great video Nozi. Thanks for opening my eyes. What if I want to save in 10 years. How much to save every month
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 😊 🙏🏼
Hi Nozi, so glad I found you here on RUclips, 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)
What an eye opener
🙏🏼
U are a gem Nozi... thank you from Zim👏🏽
Thank you for the compliment and for taking time to watch 😊
Thank you so much! Will the lump sum at the end of the investment period be taxed?
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
This is valuable information. Thank you Nozi
You’re welcome 😊
Wow. Nozi. Thank you.
Thank you for sharing your knowledge Nozi🙏
🙏🏼
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.
And motivating formula
Powerful information. Thanks 👏🏾
You're welcome 😊
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.
m so excited Nozi
It's truly exciting ☺
Avery good teacher infact
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
Wow awesome I wish I know this when I 25 under 45 years Nozi
It’s not too late
Hello sisi. Thank you for sharing this. What are your top 3 companies for investment?
Most of my money is invested in ETFs. Satrix 40, Sygnia S&P 500, Coreshares Total World ETF.
Thanks Nozi ❤
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. 🙃
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.
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
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
+1 Subcriber...loved the Easy Equity video on max TFSA
Thank you for the sub 🙏🏼
Got yourself a subscriber ☺Thanks for the video💯📝📝📝🙏
Thank you 😊
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
So where do i open account? At bank?
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.
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
thank you Nozi
You're welcome
Thank you, this is very insightful. So, you recommend/advise that in order to accelerate Compounding Interest, its better to INVEST in ONE/same ETFs Account?
compounding works on money that is growing on top of money. So you should contribute to your investments (whatever they are) regularly and grow them over long periods of time. If for example you buy 3 ETFs, then you invest regularly in those 3 ETFs over long periods of time and re-invest any dividends that you receive.
@@TalkingMoneyWithNozi ok thanks for further clarity....I've been practicing on Easy Equities demo accounts. Just to get the feel of it. The goal is to go live soon. Keep up the good work of educating us.
I'm so late on this where we're you in my last 43yrs
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.
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
My question has always been where can I find compounded investments
Buy ETFs
Any account where the interest is reinvested will compound
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.
Hi, what bank is the best for this?
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).
consider me as one of your student, year 2023 im coming
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%
Hello Nozi, is it a must to invest a fixed amount each month?
It depends on what you want to achieve. Personally, I invest every month
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.
There's a App or
The secret is reinvesting the dividends and long term investment
💯!
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
Where can I start in SA ? like what bank
Yhoooo
..ngumhlola
@@TabisaGogodla umhlola wani?
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💜
Hi Nozi very informative...thank you
Glad you liked it.
1M ZAR in 47 years will not the same buying power that it has today. Rather invest in ETFs. Fantastic video nonetheless.
You clearly didn't watch until the end. I said it is up to YOU how quickly you want to reach 1million. Nobody is forcing you to invest for 47 years
R1,000,000 in 47 years is not going to be R1,000,000.
You need to keep inflation in mind. The value of money goes down with time
With that rate you will barely beat inflation.
Did you watch the whole video before making this comment?
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
Wow sis'Nozi thank you for this, truly appreciate you👏🤝
🙏🏼
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
Hi Nozi can yu plz help with easy equities I'm struggling to create a username it says error plz help
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
Where a those calculations practical mam wow
What do you mean darling?
Where do we do this investments? is it the bank or an app maybe?
I use an app called EasyEquities and I buy shares
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 🙄
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.
What type of account would you invest this money in?
I would invest in the stock market
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
Hyyy
How to start
Hi Nozi, I understand compound interest.Where in SA can we invest on this long term i.e.47 years.Most of our banks limit us to a 60 month period.Would you just re-invest the saved amount after 60 months again?
You invest in the stock market.
@@TalkingMoneyWithNozi Do you have a video on that?
@@TalkingMoneyWithNozi The stock market is not reliable. Since u are demonstrating interest the answer to her question is to reinvest at maturity each time.
@@TalkingMoneyWithNozi as a person who absolutely has no idea on investments...please explain more about stock market
But Nozi usually these companies will give you small interest like 4%
Which companies?
@@TalkingMoneyWithNozi multicash investment company.
Per month..... ????? Not per year
Great content and worth watching Channel. Subbed ! a fellow creator. !
Thanks for the sub 🙂
Thanks for the sub 🙂
Not a Simple Interest
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
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.
thnk u hle
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.