Savings & Investment | Woman explaining savings and investment to a young man

01 Apr 2022

Should you pay off debt or invest as a young professional?

The world of investing can seem intimidating, especially if you’re just getting started. It doesn’t have to be. If you understand the basics, you will feel more confident taking your first steps to build the future you want.

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Selae Thobakgale hosts this episode of In conversation for young professionals. She is joined by Taylor Gibb, IT Developer and Entrepreneur, Roy Van Eck, Financial Adviser at Investec Life, and Tebello Rabele, Wealth Manager at Investec Wealth & Investment.


 
Selae Thobakgale hosts this episode of In conversation for young professionals. She is joined by Taylor Gibb, IT Developer and Entrepreneur, Roy Van Eck, Financial Adviser at Investec Life, and Tebello Rabele, Wealth Manager at Investec Wealth & Investment.


  • Skip ahead

    [02:03]  How do you start investing?

    [02:57]  Common questions about investing

    [03:24]  How much should you be saving and investing?

    [03:41]  Paying off debt vs investing

    [04:13]  70/30 rule

    [05:22]  Top five common investment products

    [06:48]  What are the tax implications of investing?

    [07:48]  Time in the market rather than timing the market

    [11:10]  Investing for an unpredictable future

    [13:12]  When is it ok to draw from your investments?

    [15:34]  Cryptocurrencies

    [18:03]  What do financial advisors do?

    [20:47]  Key tips on investing

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Selae Thobakgale hosts this In conversation for young professionals savings & investment podcast.

Watch the full series

When preparing for your financial future, learn how you can find a way to balance both debt repayment and saving or investing for big, important goals. Learn how to strike a balance between paying off debt and building up your assets.

Time is definitely on your side if you start early, even if it is a small amount. You will benefit from a simple strategy at first, such as knowing how much you can invest and what you can expect from different types of investment vehicles. Once you have mastered this, you can comfortably explore more sophisticated options.

"The sooner the better, as little as possible as you can. And that way, build a habit and eventually you keep on saving more." - Tebello Rabele, Wealth Manager at Investec Wealth & Investment.

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Investec Private Banking, a division of Investec Bank Limited registration number 1969/004763/06. Investec Private Banking is committed to the Code of Banking Practice as regulated by the Ombudsman for Banking Services. Copies of the Code and the Ombudsman's details are available on request or visit www.investec.co.za. A registered credit provider registration number NCRCP9.

Investec Life Limited, a member of the Investec Group, is a registered Long-term Insurance Company (Reg.No. 1944/017130/06) and an authorised Financial Services Provider (FSP number 47702). The video on this page contains factual information and should therefore not be regarded as financial advice. Terms and conditions apply.