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The Basics of Sinking Funds

309 ratings | 74344 views
Understanding the idea behind sinking funds
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Text Comments (29)
John Hopkins (1 month ago)
Your example is ridiculous. Anyone with enough discipline to use sinking funds isn't going to buy a brand new car!
Strawberry Cheesecake (2 months ago)
Its so refreshing to see an explanation in Rands
Antriksh Thakur (2 months ago)
Thank you...i am not of this field , but still it was so easy to understand.....keep posting
Elroi Academy (2 months ago)
Thank you Antriksh! That was incredibly kind!
DEBOJYOTI BANERJEE (4 months ago)
thanks a lot
milan roka (7 months ago)
you earned my subscription
Tarun Dellor (11 months ago)
i am from india and thanking you for this valuable guidance😊
Anurag Singh (1 year ago)
Very slow
Miguel Almeida (1 year ago)
dope shit
Chris Anderson (2 years ago)
this really helped thanks!
Mohammed Mangera (2 years ago)
eyyyyyyyy south African:D
HearSpeak (3 years ago)
South African ahoy!
Noor Alam (3 years ago)
Thnk u very much for this video
Cdogbillionaire (4 years ago)
What type of car can you buy for 50,000 rand? 
Masego M (4 years ago)
Thank you so much. Your video was very useful!
Seema R. (4 years ago)
thank you, it makes sense how you explained it.
Kruger Sightings (4 years ago)
Helped a lot!  Thanks I'm also south african :)
Daniela DeAgazio (4 years ago)
And for all of you confused about "grand" ... It's RAND not GRAND.   Rand is the currency in South Africa ... ;)
Puvvada Neha (4 years ago)
thank you sir, however i want more videos as i'm studying 1st sem M.B.A. but i couldn't understood accounts subjects...so can you please help me out?
Daniela DeAgazio (5 years ago)
YAY South African ! Where are you from ?? I was just visiting in Western Cape for over a month. Love the accent. Oh and good video. :)
Elroi Academy (5 years ago)
Oe Lekker! I'm so glad you got to enjoy some of our beautiful country! I'm from Johannesburg but the Western Cape is definitely the best of SA. Thanks for the awesome comment!
CHISENGA (5 years ago)
Don't quit your day job.
Chisenga Katongo (5 years ago)
Don't quit your day job.
Elroi Academy (5 years ago)
Hi Q Vasta Mwiinga. Don't quite understand why your so upset about the video. SF Method def by investopedia: "A technique for depreciating an asset in bookkeeping records while also generating money to purchase a replacement for the asset when it reaches the end of its useful life. Under the sinking fund method, the business sets aside an amount of money to invest annually so that the principal plus the interest earned in the fund will be enough to replace the asset."
Cdogbillionaire (5 years ago)
Rand not grand lol. And I have to say, I disagree sold my honda after 3 years and lost $400 on it. Bought it for $4100 sold it for $3700. This sinking fund thing is what I've been doing for about a month. By the way if I was to live in South Africa again I'd get a citi golf. I love citi golfs. Just saying. Damn South African currency has devalued so much its insane. I only have a sinking fund for car maintenance not replacement as I'm hoping it will last forever.
Elroi Academy (5 years ago)
Hehe, sorry for the confusion: our currency in South Africa is Rand (R). So I'm saying rand, not grand. But thanks for the feedback :)
Elroi Academy (5 years ago)
Haha! Hi Jordon. I'm glad you liked the video. BTW I'm not saying 40 000 grand, I'm saying 40 000 rand. Rand is the currency we use in South Africa (R). Sorry for the confusion, but if I use dollars my students will be even more confused :P
Jordan Metcalfe (5 years ago)
I liked the video, but yes, the "40 thousand grand" being said every minute was throwing me off ...its either 40 grand, or 40 thousand. Not 40 thousand grand :)
backotac (6 years ago)
Nice video.. p.s. one grand = 1000

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