Money Marx Reacts: Saving 49% Of Income On A R20k Salary!

📆 Check Out My Service Offering As A Fee-Based, Independent, Lifestyle Financial Planner: my.profileme.app/pieterdevill...
In this brand new video series on KZbin, I will be reviewing someone's personal finances and then give my recommendations of what I would have done in their situation.
I will be commenting on their income, expenses, debt and investment choices whilst giving you guys tips and nuggets of wisdom along the way.
This is my way of trying to show you how you can implement the strategies I share in my other videos in real life situations using real life scenarios.
If you would like me to review your finances, as I did in this video, then please pop me an email at [e-mail] so that I can send you the questionnaire.
As always, feel free to ask any questions in the comments and I will do my best to respond as soon as possible.
Enjoy!
KZbin Chapters:
00:00 Introduction
02:32 Basic Info
02:44 Income
03:24 Expenses
09:32 Debt
09:33 Investments
13:19 Summary
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📚 Download My FREE eBook Containing 200+ Money Saving Life Hacks: moneymarx.ck.page/guide
🎥 All the gear I use to make my KZbin Videos: kit.co/MoneyMarx
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✅ Follow me on Social Media 👉
Website: my.profileme.app/pieterdevill...
Instagram: / mrmoneymarx
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Twitter: / money__marx
Facebook: / mrmoneymarx
LinkedIn: / drpieterdevilliers
For business inquiries: [e-mail]
#PersonalFinance #Investing #Southafricanyoutuber
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My name is Dr. Pieter Marx de Villiers, and I'm a Veterinarian turned Financial Advisor from South Africa who aims to retire by the age of 35. Follow me in my journey towards Financial Freedom in (hopefully) just 10 years! :)
This channel will help you achieve your Personal Financial Goals through the things I’ve learned and researched to improve my own Financial Health.
If you enjoy the content and find any value in my videos, consider Subscribing and help me reach my goal of 30 000 Subscribers on KZbin in 2024!
Lekker!
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DISCLAIMER
Whilst I am a Registered Financial Advisor under the FSCA as of June 2023, the content on this KZbin Channel and all of my other Social Media Platforms are for Educational Purposes only and should not be taken for Financial Advice. You and only you are responsible for your financial decisions and must therefore conduct your own research and seek the advice of a licensed Financial Advisor where necessary.
Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Affiliate commissions help fund videos like this one.

[@TheTshegofatso]

Great video, looking forward to seeing more of these!

[@MoneyMarx]

Thanks Tshegofatso! I thoroughly enjoyed making this video, so will definitely make more in the future :)

[@imdee9024]

This is a BRILLIANT concept. It really helps to have real life scenarios like this because we can relate to it more and compare our own budgets while touching on the right products needed and then reverting to the relevant in depth video's. I think you have a SPOT ON understanding of your viewers needs and goals and a clear direction for your channel. Thank you for all the time that goes into this Dr. Marx. Invaluable content!

[@MoneyMarx]

Thank you so much Delia! I really appreciate your positive feedback! I am experimenting with different methods of teaching, and I'm glad to see that people are finding this method helpful as I am also enjoying making it :)

[@emmanuelmadi]

I really love what you stand for and believe in, we need more people being independent and being active in their finances

[@MoneyMarx]

Thank you Emmanuel, I really appreciate your comment! :)

[@mthokozisimyende787]

Great video, love the visuals and pop up captions, shows how much work went into editing

[@MoneyMarx]

Thanks Mthokozisi! It is always nice to hear that people appreciate the little things that goes into creating a video :)

[@swaswantlhoro1711]

Hi Pieter, Thanks for your helpfull videos. I'm almost half your age but I learn a lot from you.

[@MoneyMarx]

That's awesome Swaswa! :)

[@jmt9097]

You are really a good teacher sir, I like your practical approach. It's difficult to relate with 90% of finance videos out there but yours are very clear. Thank you and keep up the good work.

[@MoneyMarx]

Thank you so much Timothy! I really appreciate the time you took to write this nice comment! :)

[@waldocrous5138]

I wish we could have subjects like this at school. Love the channel man, Keep it up !

[@MoneyMarx]

Thanks Waldo. I really appreciate it! Jah unfortunately the school system fails us when it comes to personal finance preparation. But hopefully as more content creators emerge this will change in the future

[@pitsoscott7660]

Please , more finance videos keep it up😍

[@thotyelwankayi7034]

Your channel is an answer to my prayers.. Thank you so much for valuable content always ❤️

[@MoneyMarx]

Sjo Thotyelwa, those words really means a lot to me! Thank you for taking the time to comment and welcome to the family! :)

[@craignyatondo5521]

Thank you for distilling such valuable information Pieter!

[@MoneyMarx]

You are most welcome Craig :) Thanks for taking the time to leave a comment 😀

[@nqobilemgazi]

I love this series 😁😁 more please

[@MoneyMarx]

Thanks Nqobilie! I will definitely be bringing another episode soon :)

[@nompiloangelmakamo5414]

Ur such a blessing, thank you🙌

[@MoneyMarx]

Thanks Nompilo :)

[@ronz91]

Awesome series idea! Will be sharing this 👍

[@MoneyMarx]

Thanks for the support :)

[@JohnDoeTube]

This was great! Another episode like this please

[@mdumagana9091]

Awesome vid with great practical information...

[@MoneyMarx]

Thank you Mdu, I really appreciate that! :)

[@katlegomokone3393]

Thanks for changing how you work to help us.

[@MoneyMarx]

It's only my pleasure Katlego. Thank you for watching, I appreciate your support! :)

[@robynwijers6245]

Thank you for taking the time to make valuable content, I really enjoy your channel. I am very interested in your opinion on the benefits/savings/pros/cons of using Discovery Vitality via banking with them. Perhaps a video idea for the future.

[@MoneyMarx]

Thank you Robyn! I've been keeping a close eye on Discovery the past couple of weeks and am planning on dissecting their offers in the future, so it is definitely on my video list :)

[@patrick6006]

Would love to do one of these videos with you Pieter but I have no income😂💀 Imagine how dull that video would be. But still a great video like always Pieter and I think I'm going to love this series just to see what real people's situations are and learning from them for my own future benefit.

[@MoneyMarx]

Thanks Patrick! I'm testing out different methods of teaching, and I know I personally learn better when using real life examples, so hopefully these videos in this series will help to solidify some important financial principles in people's minds. You are more than welcome to pop me an email, I provide this service for free at this stage and I think there are many people in your shoes that may benefit from some of the tips that I can share, so I think it will actually make for a great case study :)

[@AthosZA]

Great video man, great concept. Would be happy to complete the questionnaire if you are looking for people.

[@MoneyMarx]

Thanks man! You are more than welcome to pop me an email to [e-mail] so that I can send you the questionnaire :)

[@johannakekae-rz5jj]

Hi. Thank you for the fun, practical, and insightful content. Can you please do a video about income protection and life covers, please? I'm active in my personal finance but that area bores me, I cannot bring myself to work on it. Thanks

[@tilk8301]

Hi Pieter 👋, thanks for the awesome video ! I looked for the questionnaire in your description ...can't seem to find it..I may be blind but pls do share with me. Thanks 😊

[@MoneyMarx]

Hey Tilo. You are most welcome! :) You can just pop me an email at [e-mail] then I will send you the questionnaire:)

[@RelateWithRele]

Hey Marx can you please do more of such videos 🥺

[@MoneyMarx]

Hey Relebohile. Sure, I do have a couple of budgets I want to review in the new future.

[@pontsho6500]

Hi thanks for information Which network server to use or phone to use using hotspot for interactive broker network. Keeps logging me out

[@lanithiart4453]

Great video! Curious to hear if you think that 10X buying Coreshares has any effect on your feeling about investing in Coreshares funds. And if there will be any noticeable change for us as customers.

[@MoneyMarx]

Thanks Lani. That is a great suggestion! I will look into this and comment on it in my July Portfolio update video :)

[@joshua5904]

Great video! Would you also recommend her moving her TFSA to an investment management company like Allan Gray or Stanlib or you you just recommend easy equities ?

[@MoneyMarx]

Thanks Joshua. I personally would just move it to EE and then buy a well diversified ETF. If you don't want to manage your investment yourself, then an investment management company is also fine, just make sure to choose one that offers low fees, as some can charge quite hefty fees which will erode your long term returns.

[@SashFlugel]

@@MoneyMarx Can you please do a video comparing management companies that you would recommend? Eg. Sanlam, Allen Gray please. Thank you!

[@joshua5904]

@@SashFlugel Yes please also focusing on their retirement annuities

[@retangsandra5987]

Why do you prefer Sygnia 70 fund compared to 10x investment as an RA? I was considering to open an RA with 10x but your video just made me open an account with Sygnia alchemy. Please advise

[@MoneyMarx]

Hey Retang. Both Sygnia and 10X will be great options, I prefer Sygnia due to its lower fee, but I am also going to open a RA with 10X Investments soon to diversify my RA allocation. I made a video a while ago where I compared the best RA's in South Africa which you can go check to see my exact reasoning for choosing the one from Sygnia.

[@retangsandra5987]

@@MoneyMarx Thank you

[@millesvusi8647]

Hi the interactive broker keeps logging me out what can I do to avoid the internet problems I tried hotspot still .which network works proper please help out so i can finish my application

[@MoneyMarx]

Hey Miles. Jah I know, I also found this very frustrating. I made a hotspot with both Vodacom and Cell C which eventually worked, but you might need to test out different providers. It is a platform with high security, whch means that it is very sensitive to any changes in IP addresses, so hence why it keeps on logging you out. Just continue trying, it will eventually go through

[@vusitema9491]

@@MoneyMarx thanks bru

[@user-xq9um7oc2t]

Bendiciones hermosa Celina que Dios te cuidex donde quiera que cenilbalappp.Monster encantan tus videos.

[@SandiMatoti]

I love your content 💕 Pieter kan ek vra: Do you give financial advice to people. If so, how can we contact you? Do you have an email address?

[@MoneyMarx]

Hey Sandi. Thank you so much :). I am not qualified to give financial advice unfortunately, but I can try and help you with the basics and then refer you to a once off fee based financial planner that I trust and recommend for more complicated financial advice?

[@SandiMatoti]

@@MoneyMarx I would appreciate it if you could help me with the basics. How do I communicate with you?