Mrs money you are my favorite person on the internet. I ordered your book I just got an internship job and want to make the best out of this little salary. I Like side hustles, I wanna have at least 3 incomes for me and my daughter.
@MapaloMakhu Жыл бұрын
All the very best with the internship. I have no doubt you will be able to achieve your goal 🤗🤗🤗
@kaylinvanwyk1854 Жыл бұрын
Hi Mapalo❤️I don't think you understand the level of wisdom I've received from you. Thank you so much, honestly I really appreciate you on these youtube streets. Would it be possible for you to do a video on Retirement annuities vs long term investments. I've been involved in some chats about which is better and so I'm trying to do my research now. I'm still quite young however I know the costs increase the longer you wait. It would be much appreciated. Thank you for all your content. Every video is so enlightening ❤️Much love
@khwezipanuel2783 Жыл бұрын
Always browsing on utube to check any new videos 📹 from Mapalo maku " the knowledge & wisdom your'e sharing is life changing 👌 .... much respect and gratitude 🙏
@MapaloMakhu Жыл бұрын
Thank you! I really appreciate your kind words.
@Tashas_Travels Жыл бұрын
When it comes to cars, people love ,BRAND NEW CARS SO THEY CAN SHOW OFF ON SOCIAL MEDIA” to people who either don’t like them,wish them well or even care. There are so many good second hand cars that you can get for like R45,000-R80,000 that you can either pay cash for or pay Half that and pay the rest in small monthly payments for either 12-18months at most. 😅😅😅 I personally don’t have a car at the moment and I want to get a small second hand car and pay for it in cash because I am one person who doesn’t like owing or being in debt for whatever reason.
@MagicalmessymeLouwАй бұрын
We do the same we paid 30 000 for a Mercedes in 2017. Currently saving for another 2nd hand car. We don't do credit at all
@CuanPrince Жыл бұрын
I have a balloon on my car as MFC wanted a deposit which I didn't have at the time, BUT, i took the balloon payment amount divided by the term of the loan and I am saving that amount monthly so that when the time comes to pay it I will have the cash on hand, and it is in a 32 day notice account so I won't easily be able to access that money.
@CuanPrince Жыл бұрын
In addition the installment of the car and insurance is less than 15% of my take home, so it is not necessarily the case that a balloon payment that I was not able to afford the car.
@MapaloMakhu Жыл бұрын
I love this perspective. You have a PLAN and you're making sure the funds are not easily accessible.
@thulisilegumede8060 Жыл бұрын
I enjoyed this video. I love the financial content. May God bless our financial content creators/KZbinrs. Years back I used to love payday loans 😅, oh my goodness 😮🫣I’m even embarrassed what was I thinking 🤔 😅. I would live off bo Wonga 😂. I am happy I’m out and it’s been years and when I look back it was for useless things ‘living beyond my means 😢’ That’s one financial mistake I’ve made.
@MapaloMakhu Жыл бұрын
Thanks for sharing!! kudos for breaking the circle
@kgotatsomasea6932 Жыл бұрын
😂 I loved this comment ❤
@pamzambe8577 Жыл бұрын
You’re glowing 😍 you look absolutely beautiful 😻
@mokgadimanake4957 Жыл бұрын
Loved this video . Your content is so informative. Please try to touch on personal loans vs overdrafts ?
@LethoHali Жыл бұрын
Got divorced in October. Baby daddy meant to pay school fees and he ain’t. I cannot afford it. Seriously thinking of applying for overdraft.
@kamogelontsewa58 Жыл бұрын
I love your content soo much! You are heaven sent, Mapalo. God bless you abundantly 🥺❤️ and you’re SO beautiful.. such a pleasure to watch!
@mankekomoloko8466 Жыл бұрын
Hi Mapalo, thanks for the insightful content. I agree to all the facts stipulated. I had applied most in my life and its always been easy navigating around my finances. I'm not a big fan of debts taking into account that there are healthy debts as well. I always want to maximise all opportunities be it keeping my car longer while paid off and not replacing it with another ISA which becomes a revolving credit. I also run the risk of losing on investment opportunities since I always want to pay off my debt quicker so I can move to investing 100%.
@journey2health280 Жыл бұрын
Not reading the paperwork for all financial contracts you get into. My colleague got car insurance and she says she agreed to an excess of R9k. She recently got into an accident and find out that the insurance schedule says excess is R29k. She didn't read it if they sent it to her initially ..
@tiromoremi6765 Жыл бұрын
"not living inside your means, yooooh!" 🤣😅😅😅😅😅🤞🏾
@MapaloMakhu Жыл бұрын
😂😂😂
@sebolaishisebola6875 Жыл бұрын
credit card was my biggest mistake.
@journey2health280 Жыл бұрын
Mine too... It starts so small with things you can pay back then boom💣💣💣you're screwed
@bongekantaka5594 Жыл бұрын
I have to disagree with the balloon payment statement..: sorry I don’t believe in owning a car. It’s not an investment so we use it for a few years who wants to keep a car for 7 year. not me .But love you sis. I agree with most of your statements. ❤
@simanoxolo Жыл бұрын
I am interested in knowing more about your way of thinking with regards to this. Care to share how you have managed this ?
@bongekantaka5594 Жыл бұрын
@@simanoxolo Sure, finance the car over 72 months with a balloon so you can pay the lowest instalment possible. (Keeping in mind you have NO intention in owning the car) You pay off most of your interest in two years on your 3rd year you are breaking even. Meaning the value of you car and your settlement are almost even. On your third year mark I can almost guarantee you are sick of that car you go to a dealership of your choice trade that car in, get a brand you car still under motor plan etc. No matter how you look at it a car is never an asset unless you are making money from it. You want to pay the lowest instalment possible cause you will never ever make a profit from it at the end.
@mankekomoloko8466 Жыл бұрын
The opportunity cost of that route is that you lose an opportunity to own the vehicle and actually save on the instalment costs that can be invested somewhere else. Some vehicles are reliable brands and can last you for more than 10 years.... there's a different perspective if you using the vehicle for business purposes
@desreenkosi9709 Жыл бұрын
Please speak about salary protection insurance
@kgakgamatsoriet3725 Жыл бұрын
Ypur content is always giving me life! Also, i must say. Your book saved me a lot hy. Thank you very much😘
@lucricia_mokgolo Жыл бұрын
I enjoy your content!❤
@abongwemasiza534 Жыл бұрын
Thank you Malala, you are truly God sent❤❤
@MathiBhengu Жыл бұрын
🎯
@Nelisiwe_N Жыл бұрын
Always appreciate your content Thank you so much mama❤
@MapaloMakhu Жыл бұрын
🤗
@lungilehlongwane8730 Жыл бұрын
I always look forward to your uploads😍
@MapaloMakhu Жыл бұрын
🤗🤗🤗 Glad you are here and thank you for watching
@mathabomlangeni541 Жыл бұрын
Me too hey
@NokulungaMacu-uq8qu Жыл бұрын
Unfortunately I found you late, I just paid R40k for balloon payment this May. But I was lucky to have it.
@ntebalengsefahamela5851 Жыл бұрын
Thank you for sharing mapalo❤
@MapaloMakhu Жыл бұрын
My pleasure 😊
@girlymothibi6648 Жыл бұрын
Hi sis Mapalo, how much is your book?
@lornamokgatla755 Жыл бұрын
Loove your content,, How do I get your services or contact
@MapaloMakhu Жыл бұрын
Thank you Lorna! Here's the link for womanandfinance.co.za/link-in-bio/