How I plan to SAVE and INVEST over R100 000 this year

How I plan to SAVE and INVEST over R100 000 this year | My 2024 money goals

Рет қаралды 17,020

6 ай бұрын

Hi! Fam
On today’s video I am sharing how I plan to save and invest over R100 000 this year, my money goals.
Please don’t forget to Like, Subscribe, and Comment below.
[Franc Group]
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[Services I Offer]
1. 3 Month Financial mentorship.
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3. Digital products
4. Budgeting journal
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www.jennifernxmalo.com
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Tags
Financial habits, how to change your finances, getting your life together, how to get disciplined, glow up, financial goals, money goals for 2024, goal setting for 2024, plan with me for 2024.

Пікірлер: 185

@nomafmaroga6827 6 ай бұрын

Hi dear. You might as well stop putting the 3k into franc and put it directly into the bond every month. You might finish your house in the 5 years you will be saving in franc. I met my husband 2 years ago and got married last year. He had a 30 year bond and it was left with 21 years. We made a decision to just add 1k from last year Feb and it reduced the bond years to 14 years. This year from Feb, we will be putting in 10k monthly and in 3 years the bond will be done.

@ntsiouamafaesa8923 6 ай бұрын

I think this is a great idea especially given the interest rates, it may happen that the interest on franc investment gets canceled by the bond interest

@nevaehluz4213 6 ай бұрын

10K per month you say?

@nomafmaroga6827 6 ай бұрын

@@nevaehluz4213 yes. R 10000 per month. And we plan to increase with every increase we get at work.

@zena3413 6 ай бұрын

Wow

@JennNxumalo 6 ай бұрын

Great idea 💡 it could work, but I am already paying extra R1000 p/m on my bond and I do not want to commit more money to it per month. I prefer to build up my investment rather than to tie majority of my money to a property right now especially because there is a high likelihood of selling in a year’s time.

@radebecena5807 6 ай бұрын

I'm learning alot , preparing for the future and I'm 20years.You are wise that's why I'm your student.⭐⭐

@JennNxumalo 6 ай бұрын

I love it for you ke sana cs you will be wiser than us ❤️💐🥰

@user-nz8zk7qf6z 6 ай бұрын

Hi koti hope ungene Kahle Ku 2024, I have not been interacting but hey thanks for the financial videos,I saved 50k last year because of you❤❤❤❤. keep it up

@JennNxumalo 6 ай бұрын

Yassssss congratulations 🙌🏿 to saving so much money sis’wami 💃🏾💐🥰

@lindal3841 2 ай бұрын

You're amazing MaZwide. I'm just starting my financial journey and have so many regrets re: not starting earlier. However, i'm proud of myself for starting and creators like yourself are doing the Lord's work for us❤

@JennNxumalo 2 ай бұрын

Thank you so much Linda 🤗🤩. What matters is that you have started, nami I wish I would have started earlier but what matters is now.

@Paxie.mas4652 6 ай бұрын

Congratulations with partnering with Franc you deserve the recognition cause mina I know Franc through your videos🎉🎉

@JennNxumalo 6 ай бұрын

Thank you so much!! 🥰🥹

@matsiemahlo9129 5 ай бұрын

You just read my mind. I have the same challenge sister. It great to see that there other South African taking up savings challenges.🎉

@JennNxumalo 5 ай бұрын

I find them to be unrealistic for me, they are not easy to keep up with.

@user-dp3md6tc4e 6 ай бұрын

Thank you so simplified and encouraging.

@JennNxumalo 6 ай бұрын

You are so welcome! 🤗

@thulilekubheka5923 6 ай бұрын

You can never win without goals, great video Jenn👌❤️

@JennNxumalo 6 ай бұрын

Absolutely! So essential for direction 🥰

@carolinelorettapitse2337 6 ай бұрын

This is wonderful and i have learned so much,

@JennNxumalo 6 ай бұрын

So happy to hear that 💐🤗

@Siwe_Gama 6 ай бұрын

I'm so glad I came across this video, definitely subscribed thank you for the motivation

@JennNxumalo 6 ай бұрын

Thanks for subbing and welcome to the family 💐🤩

@tmak9684 6 ай бұрын

You really great, Jenn willing to learn a lot more from you. You got yourself a new subscriber

@JennNxumalo 6 ай бұрын

I appreciate that and welcome to the family 🙌🏿🥰

@kamoogelo 6 ай бұрын

Yay to the sponsorship 🎉🎉. These are such great goals Jenn, if there's anyone who can achieve them is you ❤

@JennNxumalo 6 ай бұрын

Thank you, started the year well and to many more collabs. I am pushing myself this year.

@bongitshabalala8330 6 ай бұрын

This is helping right at the beginning of the year. Thank you Jenn💫

@JennNxumalo 6 ай бұрын

I'm so glad, this is the perfect time for plan 🙌🏿💐

@masetjhabamasinga3885 6 ай бұрын

I always look forward to your videos Jen, they are so informative. Keep them coming and keep up the great work❤PS: one of these days I'll come back and share my testimony. My life has changed ever since I have subscribed to your channel😊.

@JennNxumalo 6 ай бұрын

🥹🤗💐thank you so so much, my goal is to impact a person’s life positively, so we can think about money differently.

@hicksoniasewela8877 5 ай бұрын

Hi Jen. Thanks for sharing your personal goals and financial advise. I'm inspired by your work.

@JennNxumalo 5 ай бұрын

I'm so glad!👌🏿💐

@poppyncokoane7483 6 ай бұрын

Thank you I will surely use this strategy

@JennNxumalo 6 ай бұрын

Great! All the best to you 🤗💐

@coach_thandi2 6 ай бұрын

Great Content Gal thank you for sharing ❤

@JennNxumalo 6 ай бұрын

Thanks for watching and engaging 🥰💐

@silindileshabalala4150 6 ай бұрын

Girl, this is the video to start the new year with!!!!Thank you for these gems....❤

@JennNxumalo 6 ай бұрын

Indeed, it is 🥰💐

@bettysigasa1167 6 ай бұрын

Really inspired 🎉❤❤

@JennNxumalo 6 ай бұрын

I love that 🥰

@venimanickum129 5 ай бұрын

Jen you are amazing 👏.

@JennNxumalo 5 ай бұрын

Thank you so so much🤩

@dimakatsomachetele5729 6 ай бұрын

Road to 20k subbies!!!!💃🏽💃🏽💃🏽💃🏽💃🏽. Happy new year Jenny!!! To a successful 2024❤.

@JennNxumalo 6 ай бұрын

Happy new year to you too and yes we are so close to 20k 💃🏾❤️

@simisotito12ngema95 6 ай бұрын

Great content🎉

@JennNxumalo 6 ай бұрын

Appreciate it so much ❤️

@magdalinecreations 6 ай бұрын

Love the quality of your video❤

@JennNxumalo 6 ай бұрын

Yay! Thank you so much 🤗🥰

@Kazi607 6 ай бұрын

Road to 20k👌♥️

@JennNxumalo 6 ай бұрын

So close! 🤩🥰

@nompiloangelmakamo5414 6 ай бұрын

I like this December fund, just opened a Dec24 goal via Tyme 🎉Thx Jenn ur a 🌟

@JennNxumalo 6 ай бұрын

It helps so much that way in December you budget for January.

@triciakekana 6 ай бұрын

I cant wait for this🎉🎉🎉🎉

@JennNxumalo 6 ай бұрын

I love ke sana ❤️

@faiththlela7164 6 ай бұрын

Congrats Jen for the sponsor. Thanks for all the knowledge.

@JennNxumalo 6 ай бұрын

Thank you so much 🥰

@nonku_mgwili 6 ай бұрын

We are here🎉🎉❤

@JennNxumalo 6 ай бұрын

Thank you hun 🥰

@SinenhlanhlaMkhwanazi-ls1in 6 ай бұрын

Happy New Year sisi. Thanks for the informative content❤

@JennNxumalo 6 ай бұрын

Happy new year!! And thank you too for the love and support ❤️🥰

@TSHEPOMANAKS 6 ай бұрын

Jenn you have transformed my life.

@JennNxumalo 6 ай бұрын

Nkosiyami 🥹🥰I am so happy to hear that.

@mohlatlhegomphasha5983 6 ай бұрын

Goal validated🎉🎉

@JennNxumalo 6 ай бұрын

Love it ❤️🥰

@wendymahlangu3278 6 күн бұрын

Wow i love you sis❤. Thank you for sharing

@JennNxumalo 7 сағат бұрын

You are so welcome 🤗 🥰

@BebeTheCreator 2 ай бұрын

Wonderful journey love!! ❤️

@BebeTheCreator 2 ай бұрын

Also, you can put the money into the bond itself and you’ll pay it off faster than in a separate account. The bond has a nice interest rate as well. When you save in the bond you reduce the total accumulated interest. That’s why saving into the bond pays faster. What you can then do it activate a flexi reserve fund and make it accessible. You’ll have funds you can access but you still reduce the interest on the loan. It’s a win win situation

@JennNxumalo 2 ай бұрын

Thank you 🙏🏾 🤗

@JennNxumalo 2 ай бұрын

The day I start attacking my bond the intention will be to pay it off quicker. I don’t like the option of dipping into the access funds. Right now on my bond I have access funds because of the extra money I have been paying since I got the bond but don’t count that money as mine because the intention is to decrease the total years I get to pay for my bond. By dipping into these funds I delay my progress, that is why I don’t want to save with a bond.

@SheillaSibanda 6 ай бұрын

Notification silaaaa❤❤❤❤

@JennNxumalo 6 ай бұрын

Thank you so much to my notification gang gang 🥰

@anelisiwemkhoxo7794 6 ай бұрын

Notification gang ❤❤❤❤❤❤❤

@JennNxumalo 6 ай бұрын

Nginithandan’❤️🥰

@ntebogangwmolefhi7839 6 ай бұрын

Yeaaah🎉🎉🎉

@JennNxumalo 6 ай бұрын

Within 🥰❤️

@bigshotadventur18 6 ай бұрын

Hello,, great advice

@JennNxumalo 5 ай бұрын

Glad it was helpful!

@geemmonedi5190 6 ай бұрын

New subbie❤

@JennNxumalo 6 ай бұрын

Yassss babes, welcome to the family 🥰💐

@veemafunda9528 6 ай бұрын

Hallo Jen and all friends. Anyway I started my year badly. My account got hacked and were purchases in USA and France. To be honest I am not sure how as I am very vigilant when comes to all that. Anyway I am still waiting for my bank to conclude the investigation to know whether they refunding me or not. Thank you Jen for this channel I have set my 2024 goals and I am comfortable that I am going to achieve them. Everything I do is budgeted for unless if it's emergency. Keep up the good work.

@JennNxumalo 6 ай бұрын

Hi! Vee, my heart goes out to you and I am so sorry for what happened to your account, no one deserves to loose their money in a way they do not understand. I pray the bank comes back with favourable news to refund you the money. At this point I really don’t know how we can avoid this scammers, I almost got scammed in December luckily this time I saw something was fishy and quickly blocked my card and notified the bank. I had to do my bank cards all over again. Second time in a year I have had to change my bank cards because of scammers. I am truly sorry sis’wami ❤️💐

@veemafunda9528 6 ай бұрын

@@JennNxumalo thank you Jen. Appreciated 🙏

@veemafunda9528 6 ай бұрын

@Jennifer. I just wanted to share with you that the money that I was frauded in my account has been reversed back to my account on Friday. That you for the support ❤

@kea_seshabela 6 ай бұрын

Thank you

@JennNxumalo 6 ай бұрын

You're welcome💐

@babalwagunu2561 6 ай бұрын

You really inspire me Jenn, as I am talking to you I'm doing my budget. I need a phone but the stingy person in me don't want to take it nge account I wanna save😅 and I need the phone ASAP I've been fixing my phone screen but it keeps on cracking

@JennNxumalo 6 ай бұрын

😂😅you know what I have learned, if something is not a need but having it will save you money in a long run then finding means to get it is okay. Just make extremely sure that financially it makes sense. The numbers must number, I went back and forth with my decision to get a phone because I wanted to make sure I get a good deal.

@radebecena5807 6 ай бұрын

Road to 15k❤️😌

@nevaehluz4213 6 ай бұрын

Road to 15K or 20K?

@JennNxumalo 6 ай бұрын

We are close to 20k 🤩

@kayakazi7765 6 ай бұрын

Snow ball it is dor me this year.......i want to be left with one debt..... let's GO!!!!!!!!Love your content Jen🖤🤎🖤

@JennNxumalo 6 ай бұрын

I love that so so much 🙌🏿💐

@nevaehluz4213 6 ай бұрын

Road to 20K Subscribers......

@JennNxumalo 6 ай бұрын

So close!👌🏿

@lizwimasango6991 6 ай бұрын

I also want to save this year🥺. May the power of self discipline locate me😪

@JennNxumalo 6 ай бұрын

It shall locate you, make sure you have a clear plan.

@sandisozondo4942 6 ай бұрын

First time here, aiy nami I wish to start next month tank you for the information ngoba syamosha boh

@nokwazishezi7580 6 ай бұрын

Jenn you are stressing me my sister😭😭😭😭😭😭😭😭 How are you able to save so much money. Mybe eyami is not enough

@ntombifuthitshabalala3208 6 ай бұрын

Eish sana 😢mina nawe sisenkingeni, I’m watching this video n I’m thinking exactly the same

@JennNxumalo 6 ай бұрын

Sorry sana, my intention is not to stress you fam 🥰💐. But to share the importance of planning beginning of the year because it helps during the year in knowing what you need to do to reach your goals. Do not look at my amount, look at the intention behind it, the approach to planning and also know things will nit always go our way but we continue to plan either way and do our best monthly. So if a month you can afford to save R500 that is where you are, embrace that and just make sure you are clear about what you are saving for and where you will be saving this money.

@nokwazishezi7580 6 ай бұрын

@@JennNxumalo Zwide ❤ thank you so Jenn we appreciate you.

@buhleshezi5222 6 ай бұрын

Sana😢

@bigshotadventur18 6 ай бұрын

10k a month for 10 months

@Phumelela_X 6 ай бұрын

Renovate current house and rent out. Rent while looking for second property and use your current house as laverage for new house. The cycle will continue uzophaphama at house number 5😅

@JennNxumalo 6 ай бұрын

I have been toying with that idea but the money I pay on the property is higher than the rent in the complex, I would have to incur a loss if I rent it out. If I try to rent it out at price higher than what I am paying there is a likely of not retaining tenants as the other properties in the complex would be cheaper. When I bought this place it was never my forever home but a place I could call my own, but I also do not want to rush myself into any decision of whether to sell or to buy especially in this economy.

@nolubabalodlomo428 6 ай бұрын

Hi Jenn, how about using your bond as an emergency fund. That way you're killing interest but still have access to the excess payments you make.

@JennNxumalo 6 ай бұрын

I don’t like putting money in and out of my bond, also the financial institution I use for my bond you cannot easily access the money. I prefer to have liquidity rather than to tie money on things. When I have reached many of my goals financially maybe attacking my bond will be a priority, that is if I have not sold it by then.

@preciouszinhle1868 6 ай бұрын

❤❤❤❤

@JennNxumalo 6 ай бұрын

❤️🥰💐

@LizekaMM 6 ай бұрын

❤❤❤ 23:15

@JennNxumalo 6 ай бұрын

I am pushing myself this year 🥰❤️

@kimnzimande9390 6 ай бұрын

❤

@JennNxumalo 6 ай бұрын

❤️🥰

@musie_mt867 6 ай бұрын

Hi Jen, I'm currently investing towards an education fund with OM and I'm not seeing the growth. Can you suggest other educational savings institutions. 🙏

@JennNxumalo 6 ай бұрын

I really don’t know many, I tried one Momentum and ran away after a year because of the same problem, that is why I choose to invest myself now.

@JohnDoe11900 6 ай бұрын

As always very informative and practical. Don't you think you should instead put all your money into your bond retirement if the aim is to put the investment/savings in Franc and transferring it later. My thinking has always been pay the debt unless the interest on the debt is less than my rate of return.

@JennNxumalo 5 ай бұрын

Yes the interest on my bond is way less than interest I can get on Franc, I am already getting over 28% combined interest on my emergency fund with Franc. Also I prefer to have liquidity right now.

@anitamnge4623 6 ай бұрын

🌸

@JennNxumalo 6 ай бұрын

Hei hei ❤️🥰💐

@amogelangmanamela9188 Ай бұрын

I hope I am not too late to start

@Rethabile3 6 ай бұрын

✅❤

@JennNxumalo 6 ай бұрын

I see you sis 🥰❤️

@fatoumatamukelabai5878 6 ай бұрын

Just thinking for all these goals towards savings, do you get to open different accounts or just a general account that holds all this money for different purposes?

@JennNxumalo 6 ай бұрын

I use investing apps for some of my investing goals, I use Franc Group which allows me to have two goals in one app and child account. I use Easy Equities for long term investments. The savings account I use one Tyme bank you can have 10 savings goal in one account. My approach to saving and investing is not to keep all my money in one pot thus helps me avoid touching money I am not supposed to touch.

@zannielamuni 6 ай бұрын

Hi Jen do you just put money on franc and they invest it for you or does it work like EE where you have to choose stocks or ETFs you want to invest in?

@JennNxumalo 6 ай бұрын

It’s different from EE they invest it for you based on how you structured your investment strategy. They have Satrix top 40 and Money Market.

@MammutleTsele-mt2wl 6 ай бұрын

Hi Jenn. Please advise as I'm having trouble with the Franc app. I'm unable to link my capitec account/ or rather it's just not excepting it. I don't know what I'm doing wrong

@JennNxumalo 6 ай бұрын

Capitec Account does not work on the App anymore, I had to also start using another bank this month.

@MammutleTsele-mt2wl 6 ай бұрын

Thank you so much hey. I was worried that the problem was on my side. Love your content by the way. Keep up the good work❤

@mphohleza4039 6 ай бұрын

Had to click the notification bell because I don't like the fact that I only saw this video 3 hours later 😂. #HookedOnJenn

@JennNxumalo 6 ай бұрын

😅😂I love it for us, thank you ❤️💐

@Ex77 25 күн бұрын

hi there i am currently on the 7% interest on my save goal. i want to ask to do i get the 11% any guidance

@JennNxumalo 17 күн бұрын

At Time Bank you can get an interest of 11%.

@charlessimelane5723 6 ай бұрын

hi Jenn, what is the process of joining your financial mentorship programme?

@JennNxumalo 6 ай бұрын

Hi! You send me an email from my website, link always on the description of my videos.

@user-dp3md6tc4e 6 ай бұрын

Please explain how this Franc app works.

@JennNxumalo 6 ай бұрын

I will do you one better, here a video I created on the platform, I have over 4 videos on my channel that talk about the platform South African Investment Platform | Investing with Franc for the 1st time | Investing for beginners kzfaq.info/get/bejne/kM16pbl90dS3o5s.html

@nonhlahlabelindabebula3788 6 ай бұрын

Yo yo yo gal. How will i leave when i save all of my salary.

@JennNxumalo 6 ай бұрын

You must not save your entire salary 😅

@maboj384 6 ай бұрын

I can only save R50 k a year. Planning on going into business this year. Cause I finished paying off my car in December I have a bit more money to save for start up.

@JennNxumalo 5 ай бұрын

That is amazing 🤩 🙌🏿, happy for you that you finished your car 🚗 and all the best with business 💯

@maboj384 5 ай бұрын

Thank you

@nhlanhla.vchili960 5 ай бұрын

Car payment is killing me💔, and I feel like R2k extra payment is small. I just wanna get rid of that thing, so I can invest as much as I can😞

@JennNxumalo 5 ай бұрын

It may look small for now but it adds up in time.

@lettiekgatle2072 18 күн бұрын

Hello, what you are doing is good, I am not working but the numbers that you are saying, how much do you earn a month, you talk of saving R3000.,R1100,R6000.etc.😮

@JennNxumalo 17 күн бұрын

🤗I don’t want to disclose all my finances here. But I will give you a summary on how I am able to save this much. I don’t have a lot of small debts that I pay for per month, I got a new job in March so all that increase goes towards my savings. I keep my living expense low, I have not inflated my lifestyle over the past 2years instead I am cutting my cost.

@lettiekgatle2072 17 күн бұрын

Thank you,'cause I am not working and like to save I don't have a monthly income but a little here and there selling this and that thank you

@ayandaveli2882 6 ай бұрын

GREAT VID SISI 🦾

@JennNxumalo 6 ай бұрын

Thank you so much 🙌🏿

@ThabisoRatlou 6 ай бұрын

📍

@JennNxumalo 6 ай бұрын

Location sila, 🥰

@rebabedimaruatona6038 6 ай бұрын

did you say your stokvel was 7k/ month? Wow! 👏

@JennNxumalo 6 ай бұрын

😅 no I did not. There is one stokvel I am part of its R1000 p/m.

@rebabedimaruatona6038 6 ай бұрын

@@JennNxumalo Mustve heard wrong babe- my apologies😆! Great work!Keep at it and please keep inspiring us to do more!

@mrsspringbok 5 ай бұрын

Heard the same

@exploringafrica1626 6 ай бұрын

Why don't you save the money on the bond account?😢 Saving to pay debt? I think it's better to repay debts than saving unless the interest returns is greater than of home loan. 😮

@JennNxumalo 6 ай бұрын

My interest on my bond is not that bad, but also our financial goals are different. Investing for me is a priority right now, I have dealt with all my high interest debt and I am in a position to now invest. Using my investments to put in my bond later on is one of the options, especially because there is likelihood of selling within two years from now. I already pay extra on my bond since I started and right now I do not think for me putting money on my bond is a priority.

@mmelimnyani9793 6 ай бұрын

Why don’t you pay the R3000 directly to your bond, by doing so you’ll pay less on interest and finish the bond quicker

@JennNxumalo 6 ай бұрын

It’s not part of my goals to focus on my bond currently. Also my interest on my bond is way less than interest I get on my investment for example on my Franc investment I am currently getting over 28% interest combined. Putting that money into an investment makes more sense to me than to commit it to my bond. I would rather put in lump sums into my bond because I am already paying a R1000 extra every month.

@mmelimnyani9793 6 ай бұрын

Very interesting content, I thought you were saying you want to save up to R200k/R300k and then use the lump sum to pay off the mortgage. I might have misunderstood. Regarding the interest, I disagree; amortized interest and regular interest are distinct concepts and shouldn’t be compared directly. As an illustration, if you buy a property for R500k the total repayment of might be around +- R1.5m, the apparent normal interest appears to be around 200%. However, on paper they will say you are approved for 13,5% . Having said that, thank you for sharing this content. Everyone can tailor it to align with their individual goals.

@teedee1170 6 ай бұрын

What is the name of the app you use?

@JennNxumalo 6 ай бұрын

You mean for investing, it’s called Franc Group App.

@yolisahlangu-mkutshwa1063 Ай бұрын

Hi Jenn are you still using franc

@JennNxumalo Ай бұрын

Yes I am still using them.

@sharonphiri555 6 ай бұрын

Hi Jenn! I saw on Instagram u mentioned ull have saving envelopes ? When are they coming up

@kekumangale242 6 ай бұрын

Nomazdiaries on YT she has those saving envelopes

@JennNxumalo 6 ай бұрын

They will be available for purchase next week on my website.

@JennNxumalo 6 ай бұрын

I will be selling them on my website as of next week.

@sharonphiri555 6 ай бұрын

@@kekumangale242 yes I saw them, I just preferred the way @JennNxumalo did them , they are frosted and I liked how she did the writing on them

@tshepang8433 5 ай бұрын

Please I'm shouting for help I've invested with frank R5000 this month as big purchase into the allan market which is considered to be safer but is saying -5050-(100%) I've lost all my capital please help me find how has that happen in short space of a week all my capital gone

@JennNxumalo 5 ай бұрын

Please go check my response to the other comment you wrote on the other video.