Thank you for the great video! Just wanted to emphasize the currency risk of the Rand: The Rand devalued massivly over the years: One US-dollar was like ZAR 3,50 in 1995 and today its like ZAR 19.
Thanks for an awesome podcast. Can you make a video explaining: 1. What endowment policies are and what the tax benefits are compared to an RA 2. You were talking investing in a different currency like usd. If I invest on easy equities using the SA account in a Satrix S&P 500 account. Is there a difference in doing that and using an S&p 500 in the USD account. Both of them tracks the same companies doesn't it? And will it make a difference as a South African investing in the one or the other? Especially if the Rand should get weaker Thanks
I have been following you channel for a while. I have been "listening" to advise for a long time. None of it really applies to me though. Life happens making it almost impossible to follow financial rules.... From one doctor to another I would love to see you review my income and expenses. I am looking towards side-hustles but seem stuck. Good doctor, not such a good business man. Let me know how I can send my detail. Would love to hear you opinion on my current "issues" and "decisions" I have to make.
Hey man. I completely understand your situation. We are taught many things in vet/med school, but nothing about finances or investing. I would gladly like to review your finances. Just pop me an email at moneymarx101@gmail.com amd I'll send you the questionnaire :)
No. The 27.5% is percentage if income. If you earn 100k per annum it will be R27500 and your tax bracket will be low thus about 10% on average tax deduction. If you earn R1m your highest marginal tax rate will be 41% but about 30% average tax. You will get more than 27.5% back. The extra donation will then be a deduction from your marginal tax rate again. Thus on R1m pa about 41%. On R100k income pa much less. See it as percentage of income. There is another south african channel called "fincology" on RUclips that discusses SA financial cases
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Thank you for the great video! Just wanted to emphasize the currency risk of the Rand: The Rand devalued massivly over the years: One US-dollar was like ZAR 3,50 in 1995 and today its like ZAR 19.
I'm currently a 2nd year computer science student.....I HAVE FAITH
dankie Pieter
This is definitely the right degree of you want to make big bucks!
Always interesting to see how ppl budget so I can improve my own budgeting 😊
Yup! The more we see, the more we learn :)
I'm subscribing because you can have a beer and still talk financial sense. I usually just blow my wallet after a couple...
Can you do a video on someone planning to immigrate.
Loving the content! Thank you!
Hey Ruan. Sure, I have a list of profiles that I'm working through, so as soon as I find one where it is appropriate then I'll cover that in depth :)
This guy is brilliant.. I have to subscribe ❤️👏👏
Welcome to the family :)
I like this SA content. I used to watch Caleb Hammer in the US. Now I'm home😅😊
Also Dave Ramsey in the USA or in SA fincology channel
Super video. Very informative. Wish I could roll back the clock by 40 years or so!
Great video Pieter. Luister na dit terwyl ek oefen. Geniet die podcast vibe 💪🏻
Dankie Louis, ek waardeer die ondersteuning! :)
Great content !!!! love it !
Great video! Stunning visuals as well, looks world class brother!
Thanks for an awesome podcast.
Can you make a video explaining:
1. What endowment policies are and what the tax benefits are compared to an RA
2. You were talking investing in a different currency like usd. If I invest on easy equities using the SA account in a Satrix S&P 500 account. Is there a difference in doing that and using an S&p 500 in the USD account. Both of them tracks the same companies doesn't it? And will it make a difference as a South African investing in the one or the other? Especially if the Rand should get weaker
Thanks
This is really good, please keep up this series. Dankie!
Thanks! I really enjoy making these videos 😀
Another solid video thanks Pieter! Learnt a lot from this one and had fun along the way. Cheers.
Thanks Gav! I'm glad you enjoyed this one :)
Great video tx Pieter
Hi, do you have any recommendations for financial planners in SA?
Thank you,as I explore and learn
You are welcome! :)
Great video ou maat👍
Dankie man :)
I have been following you channel for a while. I have been "listening" to advise for a long time. None of it really applies to me though. Life happens making it almost impossible to follow financial rules.... From one doctor to another I would love to see you review my income and expenses. I am looking towards side-hustles but seem stuck. Good doctor, not such a good business man. Let me know how I can send my detail. Would love to hear you opinion on my current "issues" and "decisions" I have to make.
Hey man. I completely understand your situation. We are taught many things in vet/med school, but nothing about finances or investing. I would gladly like to review your finances. Just pop me an email at moneymarx101@gmail.com amd I'll send you the questionnaire :)
Isn't tax on rental income only calculated after you have made a gross profit of 2million.
No , it sounds like you are mixing capital gains with rental income. These are very different
If i max out my 27.5% limit and also max out the 10% donation tax deductible limits, is my total tax deduction 37.5%? Someone please answer this.
No. The 27.5% is percentage if income. If you earn 100k per annum it will be R27500 and your tax bracket will be low thus about 10% on average tax deduction.
If you earn R1m your highest marginal tax rate will be 41% but about 30% average tax. You will get more than 27.5% back.
The extra donation will then be a deduction from your marginal tax rate again. Thus on R1m pa about 41%. On R100k income pa much less.
See it as percentage of income.
There is another south african channel called "fincology" on RUclips that discusses SA financial cases
please do more property content
I've got an exciting property series coming up :)
💯
Eks bly dit is nie n Bud Lite nie :)
Hahaha. Nee wat, ek hou maar by Castle en Black Label 😅