Wangapi tumetoka LNN? I swear I watched that session with a notebook and a pen. And this hit me "Being broke after impressing is not the same." "The goal is not to look wealthy it's to be wealthy."
Why does Transcom sacco not pay dependants the due, especially when the kids lose a parent. The staff there are cruel, do they know they will also die...
Not all Sacco are regulated by SASRA, Sasra only licenses sacco that has 100m and above. The rest are under ministry of cooperatives and they are regulations that guide them
This really helped me while i watched you @Lynn While saving 8k monthly at a Merry go round only to have 100k after a year Now i want to concentrate on this idea Blessings Susan .. You're God sent especially for some of us in gulf countries
Thank you wanjiku...for sure I could been so far if I learned about finances long time ago.. I've been in chamas and sometimes warukwa and delays before you are paid
Hi Susan, have watched you through Lynn ngugi channel en got interested in your products. Please explain the procedure of opening dhow account with cbk
Dear @Susan Wanjiku, thank you for knowledge sharing that you do. However, If possible kindly include more math workings in simplified form for one to get more clear picture and understanding of the concepts explained.
Thank you so much coach Susan. I live in Germany and you have tought me a lot about financial management, i also started investing in the stock market here something i never thought i could ever understand. Thanks alot and God bless you.
Thanks for the information. Really insightful. May i also add that the "insurance" savings packages or "insurance investment" packages are also not ideal. Essentially, they are usually very expensive when it comes to management fees, and give really low interest. Incidentally, the companies buy treasury bonds and bills. The endowment ones are even worse
@@winniebaraza4163 i completely agree with you. However, for a good while they were packaged as investment vehicles. They would be sold as life insurance plus school fees investment on maturity.
The ones your talking about these are insurance savings plans and not investments. These are saving plans which gives you a free life cover incase of eventualities hence low interest. But if you are looking for investments, just invest in money market or fixed income fund. We offer them at Jubilee Insurance. We are at 15.69% as at 22nd March 2024 for Jubilee Fixed income fund and 15.35% for Jubilee money market fund as at 22nd March 2024.
Am new here bt I have learn something very important and now am going to save my money with money market fund like etica....you're an eye opener to me coz hizi chamaa nimekaa for years mambo ni ile ile too
You are spot on, earlier I was in 5 groups and contributed monthly. 20-30 years later they all collapsed leaving only plots which have been invaded or lost in one way or the other. Compounded interest opportunities wasted:
thanks for this information very helpful I want to believe that you are calling a chama merry go around is what we call village banking here in Zambia . My take is that most people fail because they don't have a plan for their savings in village banking. some people have achieved a lot through village banking . i however agree that village banking does not factor in inflation
Hi this is great my mind is now open for future saving for many years of waste no saving,not even making progress in lyne just stangnat bcoz of luck of knowledge waaah this is amazing gal need help
Merry go round...my friends started at the beginning of this year when dollar was so high and with that first member enjoyed high rates, second member once she got her money the difference after converting money in ksh had lost ksh50,000, third member and consequent don't even mention in comparison to what first member took home.
Hai Coach as usual very informative an eye opening. But i beg to flip this coin the other side on the chamas way. Especially when you say social reasons. Social reasons are very very important i have seen observed and experienced good benefits from this very same reason. There are persons who don't have finance issues as a need but the socializing need coz my be the age there r the friends they make the information one can access when in chamas i can go on and on the chama structure is not all bad once regulated registered objective i tell you they answer more than the money issue.
Is a social setting based on money good? those people are normaly in your socal group and class anyway? shouldnt you be able to forge relationships with them anyway? isnt the informations that people from other social groups and/or classes have be more valuable to you? working a soup kitchen is not only better for your soul, you also can foster connections to economic classes above you who give and economic classes below you who need. both classes have higher chances to give you new valuable informations than the people you are around anyway.
And there is nothing wrong with that. You can have the high return accounts as well as your chama for social reasons. Its not always 100% about money. Its that chama that will stick with you during the ups and downs of life. It has social gains that cant be replaced by money. Its that chama that will visit you in hospital or come cook for your visitors during wedding or funeral. Not money 😊. BUT have your own accounts that allow financial growth. You can have both.
Thank you Susan for enlightening us on this platform,its an eye opener. Is it appropriate to highlight the specific names of this saving apps that you talking about? Some might not know and it will be helpful to have an idea which ones
Any unregulated Sacco is illegal coz that name is protected and a Sacco shud have a registration certificate by the Commissioner of Cooperatives, absent that, yu keep off.
Hi Susan, first of all, thank you for the educative sessions on finances. They are really helpful, so keep up the good work! My question is, how often should you deposit in a Money Market Fund? And are there rules or regulations on how often you should deposit into a MMF? Personally, i am planning to start with KES 10,000 investment into a MMF with the goal of getting 100, 000 at the end of the year. Is this achievable? and will I be required to top up to my 10000 principal? How often? I hope my question is clear. Looking forward to your response. Thank you in advance.
Hi, this is the beauty of MMF's. They are self-paced. You can top up as many times as you want, and you can also go months without topping up. Most MMFs allow top ups from as little as KES 1,000
Hey ..thanks for the insight..I feel the other savings options were not comprehensively covered.. would take us through.. specific money markets to invest.. thanks
Thank so much Susan for the presentation. It has really educated me. Now I have this question: I have some money in a bank, is possible to ask my bank to put my savings in a money market fund? Please advise.
You are making sense to me. Thank you. Im looking forward to make changes towards compound rate is what i forgot when i put my money in the bank, i will make another route.
I was in Metropolitan sacco which was apparently regulated by SASRA ...IT'S UNFORTUNATE HOW SASRA HAS NOT ENSURED OUR MONEY BACK. THE SACCO HAS GONE WITH OUR MONEY SO UNFORTUNATE
This is very insightful,thank you Susan.For a Mama Mboga who is just starting out on the saving journey and not able to get into the MMF,which platforms can she use the to save?Coz i believe MMF caters for those who already have a lumpsum to save.
You can start with what you have kidogo kidogo hujaza kibaba, hiyo kidogo uko nayo anza nayo. MFF unaweza weka pesa monthly, weekly or daily trust in the process and you will find out you have saved alot at the end of year
team lynn ndo kufika❤
Same here 😊
Joined MMF this year and what i've learned is it needs lumpsome(huge amount) cash for higher interest.Good thing is it instills a saving culture .
😂
What do you mean?
which one did you join share please
Following 14:13
You can start small and by the time 1 year is over, you will have a lot of cash
Could you please make a video of naming the best MMFs or the specific high interest rate savings options in Kenya.
Wangapi tumetoka LNN? I swear I watched that session with a notebook and a pen.
And this hit me "Being broke after impressing is not the same."
"The goal is not to look wealthy it's to be wealthy."
💯💯
Hi
Please also educate us on Money market funds,Treasury bills,bonds
O
Hi, me too
Following from Lynn too tupite na like watu wa LNN show
Here after Lynn Ngugi's interview. Ready to learn.
SASRA only kicks in regulating when the deposits of a SACCO hit 100m Kes, otherwise registered SACCOs are regulated by the ministry of cooperatives.
YES
Why does Transcom sacco not pay dependants the due, especially when the kids lose a parent. The staff there are cruel, do they know they will also die...
Not all Sacco are regulated by SASRA, Sasra only licenses sacco that has 100m and above. The rest are under ministry of cooperatives and they are regulations that guide them
This really helped me while i watched you @Lynn
While saving 8k monthly at a Merry go round only to have 100k after a year
Now i want to concentrate on this idea
Blessings Susan .. You're God sent especially for some of us in gulf countries
Just landed safely from Lynn Ngugi Republic.
We are here!😂
Karibu, we are here. Get uniform and join real school 😆
🤣
Me too here and subscribed as well
Well we must be many 😁😁from Uganda
You're an oasis of financial wisdom and knowledge. I completely agree with what you said, I have no reservations whatsoever.
Thank you Susan .You opened my eyes 4 years ago..doing pretty good financially. God bless you.
Team Lynn here , teach us how to join mmf watu awako Kenya wako gulf country sisi ndio tunateseka kwa kusave
Banks offer mmf investment e.g. NCBA bank, standard chartered bank. Just want into the bank and ask to open mmf and they will guide you from there
Watu wa gulf contact banks that international banking like stanchart bank
You can join MMF in most banks online from wherever you are. Email or WhatsApp them and they will guide you through.
Contact me ...CIC money market fund..Great
Which is the best mmf,watu wakiwa gulf?
Our weekly financial Literacy doze! what can we render?..Nothing. We thank you coach❤
You can render something o. Send her dollars. 😅
What is the best method to invest for someone above 60 having a cash of a million?
@@luciakatini3938 Money market fund. She has repeated this in the whole video
@luciakatini3938 Hi Lucia. Your namesake here with same question. I hope we get answers.
Thanks Susan. It would be worthwhile to have a breakdown of the management fees (or expense ratio) charged by local MMFs.
Please
Well noted, I will do a video on this soon.
How do we get to money market fund?
Thank you very much. we keep learning every day .I am acting on two of those saving avenues right away.
Thank you wanjiku...for sure I could been so far if I learned about finances long time ago.. I've been in chamas and sometimes warukwa and delays before you are paid
Team lynn we are here this is so nice i got this at right time
Gal! Banks and Chamas will hate you for this. Thank you. Umetuchanua. Blessings.
Haaa , sure ,wajinga ndio waliwao
Whoever married this lady is very very blessed❤
I don’t regret having an MMF and now i need to be more active. Thanks Susan for this info
Which one are you in??
Am in cic asset mmf, hope am good
This chama thing has been mine for so long😢😢😢, wake up time, thank you coach Susan
Following from Uganda. I love love love!
Hi Susan, have watched you through Lynn ngugi channel en got interested in your products. Please explain the procedure of opening dhow account with cbk
Dear @Susan Wanjiku, thank you for knowledge sharing that you do. However, If possible kindly include more math workings in simplified form for one to get more clear picture and understanding of the concepts explained.
God knows how much iv learnt abt this MMF.... I really appreciate Susan's knowledge matters economics, I had subscribe straight away😅
Watched from Lynn today and glad to join the family here
new follower from Lynn Ngugi.... very sane and sound advise
Waaaaoo, blessed daughter of Zion, thank you so much for enlightening me among many mankind. God bless you mightily.
Thank you so much coach Susan. I live in Germany and you have tought me a lot about financial management, i also started investing in the stock market here something i never thought i could ever understand. Thanks alot and God bless you.
Just landed from Lynn ngugi Chanel now here I'm want to learn more about my money 😅
Thanks for the information. Really insightful. May i also add that the "insurance" savings packages or "insurance investment" packages are also not ideal. Essentially, they are usually very expensive when it comes to management fees, and give really low interest. Incidentally, the companies buy treasury bonds and bills. The endowment ones are even worse
The purpose for insurance is to cover you incase of unforseen circumstances, hence the low rates. They are NOT investment avenues
@@winniebaraza4163 i completely agree with you. However, for a good while they were packaged as investment vehicles. They would be sold as life insurance plus school fees investment on maturity.
The ones your talking about these are insurance savings plans and not investments. These are saving plans which gives you a free life cover incase of eventualities hence low interest. But if you are looking for investments, just invest in money market or fixed income fund. We offer them at Jubilee Insurance. We are at 15.69% as at 22nd March 2024 for Jubilee Fixed income fund and 15.35% for Jubilee money market fund as at 22nd March 2024.
Am new here bt I have learn something very important and now am going to save my money with money market fund like etica....you're an eye opener to me coz hizi chamaa nimekaa for years mambo ni ile ile too
Kidogo nidhani umetuacha bila coaching. Finally. thanks coach
🎉
Hahaha I am back now 😉
Thanks Susan for opening my eyes on financial literacy God bless.
When you mentioned the app. It hit me really hard😢. I' m going to withdraw my money. Thanks for the advice 🙏
Thanks for advice Coach Sue
You are spot on, earlier I was in 5 groups and contributed monthly. 20-30 years later they all collapsed leaving only plots which have been invaded or lost in one way or the other. Compounded interest opportunities wasted:
Direct from lyn ngugis utube..woow so proud of you suzzy ❤ thankyou
I was very inspired when I watched your show in Lynn ngugi's channel and here I am to learn more.
i knew nothing Susan..untill u were hosted by Lynn ...I hope am not late to have started following you now
Nimefinya kengele
Thank you Susan. So insightful.
Already visited CBK. Thanks to you and Lynne. Wish I knew you kitambo
Here courtesy of Lynn Ngugi. Most importantly, for your wisdom as a young lady!❤
I watched you on Lynn ngugis page
You are amazing learned more and got to understand so much
thanks for this information very helpful I want to believe that you are calling a chama merry go around is what we call village banking here in Zambia . My take is that most people fail because they don't have a plan for their savings in village banking. some people have achieved a lot through village banking . i however agree that village banking does not factor in inflation
Landed here from LNN channel. Thank you Sue
Me too
Waoo,been following u here in Uganda, good ideas, thank you suzan
Hi this is great my mind is now open for future saving for many years of waste no saving,not even making progress in lyne just stangnat bcoz of luck of knowledge waaah this is amazing gal need help
Hi. I really like your introduction about the Legacy Hub. Much beetter than the previous ones
Thanks Lucy. We keep learning and growing.
Hata sijamaliza kwatch kwa lynn, let me follow this young lady
We tell people about MMF(Money Market Fund) they think ni story ya jaba. But the rich have capitalized on this
Bana it is the way
So which money market fund do you recommend
@@NicholasMM933 MMF from stable big companies who have been in the industry for long e.g Jubilee insurance MMF and they always have the highest rate
I second the MMF
Etica MMF; Reliable and convenient
Quiet good education. I love your eloquency and deep teaching. Thank you.
Isn't eloquence a normal thing?
Very useful information especially Chamas and merry go rounds. Thanks Coach much appreciated.
Susan kindly educate us on how to open a dollar account
I always look forward for Fridays & you know why 😊! Thank you Susan for this channel 🙏
What's the best avenue for group savings?
Thanks alot Susan. This was quite educative. Kindly on your next video let's learn more about MMF.
Merry go round...my friends started at the beginning of this year when dollar was so high and with that first member enjoyed high rates, second member once she got her money the difference after converting money in ksh had lost ksh50,000, third member and consequent don't even mention in comparison to what first member took home.
Hi Susan, Thanks for the very informative message.
Hai Coach as usual very informative an eye opening. But i beg to flip this coin the other side on the chamas way. Especially when you say social reasons. Social reasons are very very important i have seen observed and experienced good benefits from this very same reason. There are persons who don't have finance issues as a need but the socializing need coz my be the age there r the friends they make the information one can access when in chamas i can go on and on the chama structure is not all bad once regulated registered objective i tell you they answer more than the money issue.
Is a social setting based on money good? those people are normaly in your socal group and class anyway? shouldnt you be able to forge relationships with them anyway?
isnt the informations that people from other social groups and/or classes have be more valuable to you?
working a soup kitchen is not only better for your soul, you also can foster connections to economic classes above you who give and economic classes below you who need.
both classes have higher chances to give you new valuable informations than the people you are around anyway.
Had to listen more of you since Lynn's show
I'm honestly stuck in chama because of social reasons 😢
Me too 😢😢
Me too.
And there is nothing wrong with that. You can have the high return accounts as well as your chama for social reasons. Its not always 100% about money. Its that chama that will stick with you during the ups and downs of life. It has social gains that cant be replaced by money. Its that chama that will visit you in hospital or come cook for your visitors during wedding or funeral. Not money 😊. BUT have your own accounts that allow financial growth. You can have both.
@@Makmeshy thank you for your sentiment it's chama guys that always stick with us when we have issues
I was there too, but I exited mojamoja
Thanks young gal,big up
Knowledge is power
oozing pure wisdom .. congratulations
Bumped to this great information and subscribed.
Team Lynn, happy to b here too
What are these MMF that you prefer for long term savings. Give me some options and guidelines on the advantages
Thank you Susan for enlightening us on this platform,its an eye opener.
Is it appropriate to highlight the specific names of this saving apps that you talking about?
Some might not know and it will be helpful to have an idea which ones
This is very eye opening. Thank you and continue doing the great job.
Thank you Susan and I’m looking for one to start my savings
I have always loved your content Susan but a suggestion could you add timestamps to your videos for easier following?
Good insight on the the often ignored danger of inflation.Thank you.
Any unregulated Sacco is illegal coz that name is protected and a Sacco shud have a registration certificate by the Commissioner of Cooperatives, absent that, yu keep off.
Great information Wanjiku ❤❤❤
Hi Susan, first of all, thank you for the educative sessions on finances. They are really helpful, so keep up the good work!
My question is, how often should you deposit in a Money Market Fund? And are there rules or regulations on how often you should deposit into a MMF? Personally, i am planning to start with KES 10,000 investment into a MMF with the goal of getting 100, 000 at the end of the year. Is this achievable? and will I be required to top up to my 10000 principal? How often?
I hope my question is clear. Looking forward to your response. Thank you in advance.
Hi, this is the beauty of MMF's. They are self-paced. You can top up as many times as you want, and you can also go months without topping up. Most MMFs allow top ups from as little as KES 1,000
@@susan.wanjiku_hi can you give us examples of MMF that we can join. thank you for the advice.
From Lynn ngugi platform ❤🎉
wau!!! , great, feeling the finance salvation gospel
Hey ..thanks for the insight..I feel the other savings options were not comprehensively covered.. would take us through.. specific money markets to invest.. thanks
I have a whole video on Money Market Funds on this channel. Please look for it. It’s called a “Money Market Funds Crash Course”.
tell us more about money market fund please on your next video. I subscribed with a bell . youre making a difference . muchlove coach
Thank you coach good guidance on financial matters
Thank so much Susan for the presentation. It has really educated me. Now I have this question: I have some money in a bank, is possible to ask my bank to put my savings in a money market fund? Please advise.
Team Lynn hapa 😂. Vutaing my stool now. All ears
You are making sense to me. Thank you. Im looking forward to make changes towards compound rate is what i forgot when i put my money in the bank, i will make another route.
Give examples of good money market funds in Kenya that compensates inflation kindly
Thank you Susan, deep insight here, sharing this right away
Woow this is the best video ever.. Nice job Susan.
Thanks Susan you are God sent,an eyes opener,God bless
I was in Metropolitan sacco which was apparently regulated by SASRA ...IT'S UNFORTUNATE HOW SASRA HAS NOT ENSURED OUR MONEY BACK. THE SACCO HAS GONE WITH OUR MONEY SO UNFORTUNATE
Whaaaaat!!!!!!!
I invested my all here but Mmm😢
This is very insightful,thank you Susan.For a Mama Mboga who is just starting out on the saving journey and not able to get into the MMF,which platforms can she use the to save?Coz i believe MMF caters for those who already have a lumpsum to save.
You can start with what you have kidogo kidogo hujaza kibaba, hiyo kidogo uko nayo anza nayo. MFF unaweza weka pesa monthly, weekly or daily trust in the process and you will find out you have saved alot at the end of year
@@jackiekaramwa2671 Hi, how can someone join a MMF? Which banks offer this service?
Thank you for educating us. You are so brilliant
Hello Susan, what do you think of Ndovu money market fund application?
Hi, thanks for the beautiful messages you've shared. How about saving with insurance companies
I wish i knew this earlier, thank very much Teacher Susan, keep informing us. The high paying MMF in Kenya is ?
Those insights are very informative,, am glad i watched you at Lynns show,,and now learning day by day.Appreciated
Thanks alot. You had promised to talk about which avenues you recommend,when will you do that.
Thank you Susan..keep them coming❤
I randomly came across this video and I watched it till the end and now am a new follower of this great channel. 🎉😊
Thank you coach Sue for this vital information.
Ooh just landed on this from Lynn ❤❤❤
This is very helpful Susan. Thank you and may God bless you abundantly.