You're a Greatest Financial Teacher wena Nozipho. And thank you. Your videos are so informative and are easy to understand. I wish every South African interested in financial education can subsribe to your CZcams channel. 🌻
Hi Nozi, Thank you for great and informative financial content as always. Can you please clarify if I open two TFSA with different banks does each account earn interest or only one of the accounts will earn interest?
I plan to invest R36k once off every TFSA financial year without taking my profits until the R500000 limit that means I'll withdraw after 14 years is that a good idea?
Thank you so much Nozi, your ability to simplify concepts is just phenomenal. I want to open TFSA for my son for his university fees. I'm just concerned that he will not be able to make his contributions when he turns 18yrs. What is your take.
Hi there Nozi, firstly wana say brilliant work you doing, really appreciate your knowledge sharing. I have a question I am hoping you may have an answer too or some insight. So I’m wanting to save/invest ( not sure if it is the write wording ) for a down payment for a home the target amount is 200k over the next 4/5 years. Straight saving works out to R4000 a month. Now I’m thinking is there an invest or anything that is out there will assist in getting to that target amount sooner? Thank you again for your consistent good work.
For something like a house you cannot afford to invest that money in the stock market because of risk. You would rather save that money in a bank account that will pay you interest.
Nozipho, so another question is if you leave the R500 000 in the TFSA and let it grow, it's possible for your TFSA to be more than R500 000 right? and so that will not be taxed?
Hi Nozipho, just a question. You said if you have two TFSA accounts and you deposit R20 000 on one of them, then on the second one you can only deposit R16 000 right? K, so does this then mean that you cannot have R500 000 on each one, it will have to be R500 000 overall for both?
Hi Thandi, when it comes to investing, we don't talk about interest. We talk about Capital growth and dividends. How much you earn depends on the performance of the investments that you choose.
To buy my eBooks for beginners or book me for coaching, click on this link :👉 talkingmoneywithnozi.com/collections/all
You're a Greatest Financial Teacher wena Nozipho. And thank you. Your videos are so informative and are easy to understand. I wish every South African interested in financial education can subsribe to your CZcams channel. 🌻
🙏🏼🙏🏼 thank you for your kind words.
I am spreading the word as much as I can... She is the best
Thank you very much for educating us on these issues, we were very much ignorant about money. Saving and investing well explained.❤
Thank you for clarifing TFSA nozy much appreciated
You're welcome 😊
Stash fan hear we are . Thank you for information bcs i was withdrawing on my stash .
Thank you for the responce. I appreciate it😊
Nice detailed clear explanations. New Subscriber!
🙂🙏🏼🙏🏼🙏🏼
Thank you, I wish many people can watch this..
If you click on the like button, more people will be able to find the video
@@TalkingMoneyWithNozi okay, will do that
Wow thank you for information of TFSA
Eye opening advice,u r doing great job.
🙏🏼😊😊😊😊
Thank you for this informative video. I'm glad I came across it at the right time. All my questions about TFSA were clearly answered ❤️
I'm glad you enjoyed the video
It's hard to believe that all this information is absolutely free.. Halala ntombazana.. Enkosi mntasekhaya ❣️
You're welcome. Thank you for watching
Your explanations really simple ❤️😊👍🏽
I am stash & easyequities. Thank you education info you gives my child i old to your mom but i learning a lot
What advice would you give to a 50 years old who want to start his retirement annuity and tfsa or any retirement investment
So informative. Thank you so much for breaking it down
You're welcome. Thank you for watching 🙏🏼
Helpful information Thanks Nozy.
You're welcome 😊
Hi Nozi, Thank you for great and informative financial content as always. Can you please clarify if I open two TFSA with different banks does each account earn interest or only one of the accounts will earn interest?
You will earn interest from both accounts. But personally I don't like bank TFSA accounts
I plan to invest R36k once off every TFSA financial year without taking my profits until the R500000 limit that means I'll withdraw after 14 years is that a good idea?
Don't withdraw. When you get to R500 000, just leave it to continue growing.
Thank you so much Nozi, your ability to simplify concepts is just phenomenal. I want to open TFSA for my son for his university fees. I'm just concerned that he will not be able to make his contributions when he turns 18yrs. What is your take.
But I said please don't use a TFSA as a school fees fund. You're very naughty wena 😏
Hi Nozi...thank you for videos, they are so informative. Am I allowed I move my funds from a retirement account to a TFSA account?
No you can't transfer money from a retirement fund to TFSA. Unless you are withdrawing funds from your retirement then you deposit into your TFSA
Hello, do you have a Playlist on CZcams for beginners to learn all about this and more?
Hi please look through my retirement planning playlist. Or just select whichever suits you
Hi there Nozi, firstly wana say brilliant work you doing, really appreciate your knowledge sharing. I have a question I am hoping you may have an answer too or some insight.
So I’m wanting to save/invest ( not sure if it is the write wording ) for a down payment for a home the target amount is 200k over the next 4/5 years. Straight saving works out to R4000 a month.
Now I’m thinking is there an invest or anything that is out there will assist in getting to that target amount sooner?
Thank you again for your consistent good work.
For something like a house you cannot afford to invest that money in the stock market because of risk. You would rather save that money in a bank account that will pay you interest.
❤😂🎉😊
Can one save I. TFSA on 5yrs period?
Nozipho, so another question is if you leave the R500 000 in the TFSA and let it grow, it's possible for your TFSA to be more than R500 000 right? and so that will not be taxed?
It will grow to more than R500 000. And like I said in the video, there is NO tax on growth.
Hi Nozi iv bought Etfs @ bank now how can i transfer to Etf?
Hi. I don't understand your question. Please type it again in a different way
How To access TFSA on Easyequities
You have to open an EasyEquities account first then you will get access to the TFSA.
Why it is called tax free if you will be charged when you take it out
you are NOT charged when you take out money from a TFSA. You are only taxed when you take money out of pension funds and provident funds.
Hi Nozipho, just a question. You said if you have two TFSA accounts and you deposit R20 000 on one of them, then on the second one you can only deposit R16 000 right? K, so does this then mean that you cannot have R500 000 on each one, it will have to be R500 000 overall for both?
R500k overall for both
hi Nozi i wish to know how much interest am i looking at if i invest 36000 for the period of 5yrs?Thandi
Hi Thandi, when it comes to investing, we don't talk about interest. We talk about Capital growth and dividends. How much you earn depends on the performance of the investments that you choose.
thanks dear