7 Baby Steps To Go From R 0 To R 100k In South Africa!

📆 Check Out My Service Offering As A Fee-Based, Independent, Lifestyle Financial Planner: my.profileme.app/pieterdevill...
If you want to get 80% of the results with 20% of the efforts in your Investment Journey, then this video will teach you what you need to know in order to reach your first R 100 000 in Positive Net Worth!
I will give you 7 Easy Baby Steps to follow with recommendations and strategies, as well as links to other videos that will show you step by step how to get started. This is a video that I wished I had 5 years ago, and I truly believe that it will help thousands of people get on the right path.
If you have any questions, please feel free to gooi them in the comments.
Lekker!
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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.
Let’s face it, school did not teach us much about managing our money properly, and seeing that there are SO many financial traps that we are destined to step into if we are not careful, I want to make you aware of these potholes and show you how to avoid them and how you can get out of them if you are already trapped.
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, the content on this KZbin Channel and all of my other Social Media Platforms are only for Educational Purposes 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.

[@MoneyMarx]

Hey everyone. Just a quick update. The "Coreshares Total World ETF" referred to in this video has been rebranded as the "10X Total World Stock Feeder ETF" on EasyEquities. 😀

[@Light17784]

Do you South Africans pay extra tax on the money market account?

[@AlbertCloete]

I also don't the the Vanguard Total World Stock on there. Can you link it?

[@ToastingaBiscuit]

@@AlbertCloete Vanguard Tot World Stk ETF

[@hantusmostert]

1. Buy Meme shitcoins with small market cap that runs on Solana blockchain 2. DCA into Solana 3. $ MSTR Microstrategy has Bitcoin on balance sheet, stock outperforms Nvidea since 2020 4. Everything is a pair, BTC/MSTR is a money glitch. Check Invest Answers a youtube channel.

[@user-ov1ju3cz1y]

as a 19 year old black south african who cant afford higher education, this info is really invaluable, thank you so much. Ill try to make the most of this life of mine by making better money decisions.

[@markambrose66]

Have you applied for nsfas?

[@TalkSteer]

Dude, I'd you think higher education is how to make money in life then you won't achieve a thing in life. There are people I schooled with who dropped out driving Italian super cars while I went to drown my self in debt with student loans and more... I'm now watching videos like this to fix my younger dumb choices to then start making credit to eventually make money (gold)... Don't waste your life.. get the experience that you need or start something up and make the credit you need to have a good life.

[@markambrose66]

@TalkSteer I get where you're coming from man but it's quite wrong to a big extent. Many successful big entrepreneurs in south africa for example were former Chartered Accountants/Engineers etc

[@TalkSteer]

@@markambrose66 flip that's also true

[@idiotinspector]

You don't need a qualification to get a government tender, you just need to grease the wheels.

[@Ray-mx2jy]

Thanks so much for this. 35year old South African doctor here who really badly needed to hear this

[@AngryJellyFish59]

how u 35 and a doctor and here with poor people

[@Ray-mx2jy]

@AngryJellyFish59 University is expensive. Supporting your family is expensive. First gotta pay your life time of debt before you can build wealth unfortunately.

[@AngryJellyFish59]

@@Ray-mx2jy ohh i get it im so sorry hope all get better soon :)

[@ajweideman5063]

Amazing video, every South African needs to see this🇿🇦💥

[@MoneyMarx]

Thanks AJ. I really appreciate that! It would be awesome if every South African can learn how to get the basics of finances right. :)

[@MysteriousMindyThePants]

"Give back" I love that concept ❤. Great video, Pieter 🎉🎉

[@EduardN6448]

Just a head up to everyone, easy equities has started charging a R25 per month fee unless you are able to gather enough "thrive" points. So if you are planning on depositing money and forgetting about it, this will not be possible as you will have to jump through all their hoops every month to avoid the R25 fee. It might not seem like that much but it will eat into your profits over the long term

[@kamogelok5315]

So what is your alternative?

[@EduardN6448]

@kamogelok5315 in the South African context I'll be honest I'm not sure what's available, I've been using EasyEquities for the last 3 years but after leaving the country a year ago I opened an account at a European brokerage account. I pay a sight commission on each transaction but no monthly fees, so for buy and hold investors, that plan on keeping stocks for longer periods of time and thereby massively reducing fees (fewer transactions = fewer fees) then doing it this way is far cheaper. While I have gotten good returns on EasyEquities I actually plan on closing my account with them and transferring all those funds to my new brokerage account since in the long run my losses due to taxes on that money will be less than those monthly fees. So my suggestion would be to find a broker that would give you access to foreign markets but does not charge the monthly fees. If I'm not mistaken FNB allows you to trade stocks but I'm not sure what their fees are or how they compare to the competition and since it's no longer relevant to me I'm not going to waste my time looking into that. I will leave that for you to find out and wish you the best in doing so!

[@stefanengelbrecht9228]

I have been following and watching Dave Ramsey's content for years. Great to finally see a South African version. Thanks! Every time I hit the R10k emergency fund mark, I get hit by a crisis and need to start from scratch again. But it really is a life changer to not panic and try to get more debt to get out of the crisis, financially and mentally.

[@MoneyMarx]

Thanks Stefan. It was fun to see how we can apply his principles to our unique S'affa environment! Well done on maintaining your Emergency Fund. It is serving its exact purpose of keeping you out of the short term debt trap, and although it sometimes feels a bit discouraging if you need to go back to Step one every time, it remains the foundation upon which your financial future are built. :)

[@sherrainehiggs7380]

Hi Pieter, you have done another well designed presentation, your Baby Steps adjusted from Dave Ramsey to what South Africans can relate to and especially helpful for new investors ( or Wealth Builders). I plan to watch your EEquities video you did previously again, to learn how to use this platform .😊

[@CassidyLeslie92]

So glad I came across your channel. Glad that I'm taking these baby steps. Just closed my overdraft last month and my goal is to pay off my credit card this year. I don't have an Emergency fund yet as I really want to get rid of this credit card so badly.

[@CassidyLeslie92]

I used the snowball approach

[@palesamgidi8623]

Thanks!

[@MusehanaH]

Thanks for all your effort, Pieter. Your videos are great. I have a lot to catch up to!

[@leratosebola945]

This makes so much sense, thank you so much for this 🙏

[@jasondkiewit2318]

Great video. Started the baby steps with my wife earlier this year and currently on baby step 3. I think this plan is something ALL South Africans need to get on!

[@botlebybotle2253]

I love your interpretation that is relevant to South Africans, thank you for this. It's significantly simplified and detailed. I should hope I can follow these steps🙂 Please keep the videos coming!

[@Pulliefabulous]

Your content is so refreshing and valuable,please keep it coming 😃

[@xxtractz]

this video is definetly underated

[@financialaffairswithnosipho]

This is a great comprehensive video Pieter, enjoyed it!! Keep up the good work and Thanks for educating us.

[@lauraspetsittingservices5263]

Thank you for this video!

[@zeezor]

Really appreciate the contextualisation of the infamous baby steps 👍👍

[@sharonstrauss1146]

Thank you so much.I wish I knew this 40 years ago but I will make use of it now ThNk uou young man

[@iamflake-official]

Good vid. Thanks for the time and effort.

[@user-mt3fm9hq9l]

Thank you so much for the insightful advice

[@yolobangani5755]

Thank you for this education. It is very simple and straight forward for a regular South African who knows nothing about financial education. The aim is to put these steps in to action. You've gained a follower

[@Mbhele23]

Easy steps to follow. Extremely difficult to do... Thank you for the great video and channeling our focus.

[@hellensunset5448]

Awesome video. Thanks so much

[@emmabowdler5607]

This is very helpful, good advise, thankyou 😊

[@dawncoulsonolivier9031]

Excellent Marx for this great video

[@Sean-yj3ft]

Looked for the Core Shares on your previous video and couldn't find it, thanks for the education and clarity on the change!! Been following for a while, you're doing a great job Doc! 💯

[@user-wt8wm8so7u]

Great advice man, grate presentation. Awe

[@thulanisobekwa4519]

Great video. Thanks for your time, energy and effort. If one watches this and ignores it... Then they only have themselves to blame when they don't see financial freedom. It will take long, but this is a blueprint.

[@firefly3739]

Wish I learned this in school thank you for the great advice

[@Ban-Xi]

here i am unemployed learning about saving

[@LeeChungTu7230]

Start a business

[@wesimoagi6166]

Thank you for the video...game changer!

[@modikoakoena250]

Thanks, great video

[@michaelmuthivhi7672]

Thank you so much for this, God bless.

[@SteHanBotha]

Stoked to get this perspective from a fellow Saffa 😎 Let’s gooi hom! 👌

[@santiturner8114]

Thanks Pieter! Great content as per usual!

[@MoneyMarx]

Dankie Santels, ek waardeer! 😀

[@yadavtimmal5878]

Wonderful content , you’re a gem

[@neojr9721]

Amazing as always, love the memes on the vids to make the learning more fun. I see you have 2.6k views but only less than 500 likes. People sometimes forget to click on the like button. I know you probably don't want to seem repetitive, but reminding the viewers to like in the beginning and at end of the videos would probably help

[@tracyschmidt1081]

You are brilliant! Thank you for the clarity. PS: No 7 is👌

[@moneyreimagined]

Pieter! Great job on this video Bud.🔥 It performed sooo well 👏👏👏 Definitely added a lot of value here and its nice that it was well received. Keep up the good work. 😉👌 Timm & Justin

[@PrinceLekota]

This is brilliant!!!!!

[@DEARTETE]

I loved that u also mentioned GIVING BACK. IN my hearts of hearts I believe n wish to give back heavily

[@mthokozisimyende787]

It's been a while Dr. Pieter, dankie for the great video

[@MoneyMarx]

You are most welcome Mthokozi 🙂. It’s great to be back! 💪

[@WesleyWestMusic]

Great advice!

[@sandilekhendle9495]

thanks a lot, I realized I have a lot of catching up with your content.

[@theesanvedan]

Good to see you back

[@MoneyMarx]

Thanks! Great to be back :)

[@realebogamalwane794]

Wow❤ Thank you ey.. ive always needed this ... a translated version, and you gave it life ey 🎉.. keep going bro!!

[@MoneyMarx]

Thank you, you are most welcome! I hope it helps :)

[@DEARTETE]

Yohhh this is insightful Pulling my notebook for classes. M camping here

[@theguydt]

Thanks for the input and applicability in South Africa. Awesome man!

[@lesego2933]

Thanks a lot, I am an aspiring FA

[@zukiswasiyata101]

Thank u so much its much clear now

[@TalkSteer]

Awesome video bud

[@bonganitshuma]

👏🏾👏🏾👏🏾 Great content

[@swimjaneswim1]

Greeeat video!

[@elizabethhentze3767]

Thanks, dude. I’m in Namibia and following Ramsey, but wanted something a little more local and this helps.

[@agoodmansaid]

You’re a legend!

[@sherwinabrahams2539]

Hi all. I am one of Pieter’s Clients for his lifestyle financial planning. Just want to say, if you think you’ll benefit from financial planning I definitely think it is worth scheduling an initial consultation.

[@thoughtswithzuks]

God bless you man 🙏

[@nomazwingcungama4841]

I like Dave Ramsey…nice to see how u have applied it to the SA context. I’ve done the same with my finances

[@charlcoetzee3358]

If you have a Flexi-bond for your homeloan, I always advise people to use it as their emergency savings fund. Yes, it might be difficult to avoid the temptation of using it on dumb sh*t, but if you can control your impulses it is the best location to stash some cash. You are effectively getting "interest" at your homeloan rate and it is tax free. No bank or money market account is likely to beat that. Your thoughts?

[@MusehanaH]

Also the 'interests' aren't subject to tax

[@erikjonker8739]

Genius! @MoneyMarx what are your thoughts?

[@KyleJeremiahChetty]

Love your content brother❤ Especially giving the 10% to your Tithes and church or giving to the man on the street You gained a follower all the best to reach your 30 000 followers❤

[@Leroy0070]

Good day mate. I have not seen much of your contents but could you please make a video about debt management, savings etc...

[@elroyjacobs8126]

Dankie meneer!

[@pixiebomb28]

Thank you so much for this information! I've watched a few similar videos about investment, personal finance etc but as they're always by people from other countries I've always been stuck on how to apply them here so much appreciated.

[@tidywats257]

The info in this video is so good that even my wife would agree... 😉

[@user-iz4wy9vu3t]

I took your advice a year ago and opened a EE TFSA and have only been investing in the core shares total world etf. Believe me when I say I'm SHOCKED by the amazing performance, I can't thank you enough!!!

[@homonaledi5024]

Baie dankie my guy. ❤🇿🇦

[@mthokozisimyende787]

7 Baby Steps To Go From R 0 To R 100k In South Africa! 1:47 Save R10 000 in your Emergency Fund 3:10 Pay Off All Your Short term debt 5:45 Save 3 months worth of expenses (6:10 expense categories ) 7:32 Open and Invest in a TFSA 9:43 Open and Invest in a Retirement Annuity 12:12 Invest in Discretionary Investments 13:48 Give back!!!! By Dr. Pieter Marx de Villiers

[@simphiwentshangase8322]

🤝the comment I was looking for

[@mhlonishwamakhanya6749]

Thank you so much bra

[@theyntlykus]

Thank you.

[@elroyjacobs8126]

Liked & subscribed.

[@RobertRussell055]

Extremely grateful I landed on your channel and this video. Well done mate. Keep it up. And thank you 🙏🏻

[@zipt5]

I subbed immediately. 3 months then I am debt free and may consider some of your products and tools.

[@djsbulive]

Great work Marx 🙏🏿

[@Godly_Saint]

We keep learning from you great leaders,💪

[@BuddyMarais]

Awesome video, Pieter.😁 Sien baie uit om die res van die video's ook te kyk!👍

[@calmingbabysleep1256]

Ive been following Dave Ramsey and thought about how this will apply to Saffas. Baby step 5 . Thanks Pieter!!

[@MoneyMarx]

You are most welcome! Well done for making it to Baby Step 5! That is really impressive! 💪

[@jechraisini8036]

you deserve 100k likes

[@LeeshreeNaidoo]

Thanks Pieter, always appreciate your content. I can't seem to find the ETF Coreshares Total World on Easy equities, can you perhaps advise. Thanks again.

[@bakangmatabane711]

Can you please do a video reviewing types of insurances, particularly car insurances

[@x.ellent_juice]

you just gained my follow

[@x.ellent_juice]

Love your content bro

[@Closedown-mm3jc]

i was the 4000 like yey... thanks for your help

[@Corbsss]

Amazing video everyone should see this in South Africa. I have the emergency saving fund and no credit card debit, but always wondered what do I do next. Started investing a bit to early but this helps a lot for the next steps I should take

[@marnus8197]

Hi. Can you make another Retirement investment/planning video. Discussing different options such as RAs, Pension funds, Provident funds, etc.. "How to invest for retirement in South Africa pt2" ?

[@juansmit9641]

Brilliant

[@freddymabetha7946]

best sub this year for sure! Am from Lesotho, and i'm wondering, if it's gonna be possible...

[@karabonkosi5600]

Hi, I just saw your baby steps video and I just wanted your opinion on two companies and products. I opened a retirement annuity plan with Liberty. Then I took out a Life cover with Capital legacy. I'm not 100% sure about Capital legacy, I just didn't like any of the other insurancers. Also can you make a video about life cover in South Africa? What to look out for, how it should be used? What should you put in your will etc?

[@rynowernich8295]

Thank you

[@chrisrojas3561]

Good advice to track what you spend your money on. There's nothing worse than trying to make it to the end of each month, wondering where it all went.

[@ndumiso2729]

Grateful

[@lethabomotshegwa5139]

I just started, hope this journey will be good for me.

[@LeeChungTu7230]

Good luck

[@GraceRumbiManyeruke-Choruma]

Hi Money Marx. Thank you for the great video. What would the SA version of paying off the home loan and child education be?

[@mattthorpe2679]

Bro this is such a great video!!! One of the most frustrating things that I find is that all of the financial advice videos I find online generally apply to Americans. Don't get me wrong they have some great advice but ALOT of there advice has nothing to do with South Africans. It would actually be GREAT if you could start a series where you translate popular financial advise videos aimed at Americans and translate it for South Africans.

[@LOXN]

I like this guy. I can just hear the experience 😂

[@tebogomarokana2740]

Why this is not taught in school is beyond me, a person can avoid so much waste of time and money

[@nyikomahlawole]

Thank you Pieter, this is some great advice. I have been looking for a financial advisor for so long. I’m in deep debt, but I now have a better job to start tackling my debts. I mean I’m talking over 700k in bad debt. On top of everything I was in debt review a few years ago. Which is still flagging on my profile. This will really help. But if anyone reading my comment has a way to help please do.

[@allentv5518]

I am in Namibia But I am going to use these methods, So i start managing my money properly😅

[@Everlaste2112]

Clear and really good advise. Life insurance? Where does that fit in…something i couldn’t care about in my 20s but now married with a kid its important.

[@dexterbartis3216]

Hi. What are your thoughts on investing in the Satrix S&P 500 Index for your TFSA instead of CoreShares Total world ETF? Regards.

[@riaandavel8517]

Good basic tutorial 👍🏻

[@MoneyMarx]

Thanks Riaan 🙂

[@riaandavel8517]

@@MoneyMarx you do good work, keep it up. You are changing lifes

[@wmd13194]

👌 brilliant

[@markthompson4859]

Thanks Mnr. Im 58 this year and would lke some advice or guidelines for us balies who are only skrikking wakker now. Sub'd and following you now