Saving or Investing. What's better?

Money Talks with Nabeel Khan where we start a real conversation about anything money for you to build the right mindset habits and education in your journey to financial freedom!
#financialLiteracy #Money #Education

In this video I highlight an huge step in the thought process that people miss when they start investing! Its starts with a test of the question below.

Quick question for you guys, which is better?
#Saving R 2 000 a month under your mattress or
#Investing R 1500 per month with a return of 10% pa after 1 year?
What about after 6 years?

I’m interested to know how you answered the question? Let me know in the comments below!
Any savings goal will always be outperformed by the person who has the stronger habit of saving. Investing the ever growing funds from a strong habit of saving.

QUESTION — Have a question about Financial Planning, Savings, Investing, Wealth Habits, Money Mindset or Anything Else? Post in comments section of this video!

Nabeel Khan on Social Media:

DISCLAIMER: This channel is hosted by me and I am licensed to give advice but this channel and what we talk about is not constituted as advice to you. Reason being in order to give advice I need to understand where you are in your life and conduct an analysis before I can give you advice so if you would like my advice go and visit my website and send me a mail.

Thank you for the support!

[chrisn]

Happy you're trying to educate people on how to manage their money in simple practical ways. Good luck to you and I hope people do watch your videos and improve their lives. Keep up the good work.

[siyandampambhosi]

Tanx 4 the knowledge.nd m looking 4ward 2 learn more of ur ideology and skills

[cebokazikholo]

Only clicked cause I am currently struggling with managing the little I have and I really need to get educated...

[prianthagovender]

You're brilliant! You going to change alot of lives, hence change your own life for the better in the process. Your video on access bonds and velocity banking helped me alot.
Can you please make a video or give me a link to how to save tax free.

[worldofsnakes]

Hi. Can you please educate me on how to save / invest only R200. Unemployed Ppl

[kerushun]

Can you do one that explains the fees you are charged when you make investments in things like unit trusts.

[lihlemokgalaka]

Thanks a lot u've just open my ways of thinking lol I'll definitely subscribe

[johnverster]

Nabeel, thank you for the info and I can see how dedicated you are because you respond to all comments..thanks..I do however have a question: why compare R1500 to R2000?.compare R2000 saved Vs R2000 invested.. completely different outcome, as the compounding 10%(R2000) invested will quickly surpass the R2000 saving per month

[SA-njpt]

Slmz...thnx 4 a very practical saving method. It's true its easy to spend on wants unneccasarily. (just curious any relation to Mufti Menk)

[josephsvennson]

I only clicked on this cause he's attractive. I don't know what he's talking about but my eyes are feasting lolz

[lebogangtlhapi]

I think you should use the same amount, if you talk about Saving 2000.00, then Talk about investing 2000.00 as well. Do not lower the amount that you're Investing.

[kingflum]

Also - you haven't factored in the insurance for the mattress stuffed with cash 😂

[zaheerbhaila]

On the topic of savings and investing, one idea for a video I would like you to do is '' saving and investing '' in the physical health of a person. So for example, John currently pays R1000 monthly contribution towards a chronic disability, dreaded disease and mental health fund. Should any of these factors affect John, he will be covered. Should it not, he would've lossed all his hard earned money. Now let's say John has a low probability of these health problems affecting him but is living '' hand to mouth ''. Does John rather invest R1000 into something that'll bring returns that could benefit him to pay for such health issues in the long term AND if it doesn't affect him then he has wealth accumulated overtime. Conversely if he is struck by such illnesses in the short term then he will be in trouble. At what point does John change his mind set from '' throwing away money '' into investing into his '' physical self''.

[kingflum]

What percentage of your income do you save monthly?

[harissiddiqui]

But investing the 2000 you save every month is the best idea

[RipsterSA]

You're giving financial advice.. but then you compare 1500 invested to 2000 stored.

I'm dumbfounded!

Did you really think that's a logical and correct comparison? Why on earth would anyone store 2000 under the mattress? Why compare two different numbers?

Yeah I'm sure you have clever "psychological" reason for the numbers.

However, in terms of maths, savings, and investment principles, this is as logical is asking someone what 'sound' is made by the 'colour purple'.

[rockjosh]

Your video is extremely confusing..like you speaking to yourself..you need to structure your content..viewers cannot read your mind..take time to explain properly