On 10th May, I had my first in-person event in collaboration with Vuka Investment Club. I was super excited to meet and interact with Wealthtribers for the first time! Thank you for showing up! If you missed the event, this is the recording of the second part of the event where Wealthtribers learnt the advantages of investing in finances markets as opposed to investing in physical assets. If you'd like to join VUKA and start investing in the Acorn I-REIT, Sign Up using this link 👉🏽 registration.vuka.co.ke/IS104762
Very good lessons learnt here.Diversify your investment.Young people pls listen to this.For us old people we basically invested in Saccos and physical assets.This gives little financial freedom . 1:
Perfect discussion I am kindly requesting that you also find someone who can educate us about insurance - Insurance in general, how to pick the right one and all thise other nitty gritties. 🙏
I've learned so much, eg how the cost of capital is the barrier of entry when comparing developed markets and ours. This is a video I will come back and watch as I take notes
Owning a physical asset aint bad, just dont let it seat idle, make sure its bringing in some returns. People earn very well from farming and rentals. One persons experience shouldn't affect the whole market.
This discussion is relevant not only for Kenya but for all developing countries all over the world. Good to see people in developing countries getting financially educated.
Financial assets are all good, but ignore the physical assets...and the Chinese will be owning all the lands before we know it. Balance and strategy is everything!!!
As an individual who has always leaned towards financial assets more than physical assets, this totally spoke to me. Confirmation bias serving me:-) Amazing discussion and brilliant guy!
I think the guy is very biased against physical assets. Wealth creation is a question of both physical asset acquisition and cash assets. You have to strike a balance when you re still young -25- 40 years please invest in physical assets but as you grow beyond 40 liquidate some into cash assets. A friend of mine at 37 years bought an acre of land at USD 7000, a new road was constructed 10 years after and his land value had gone up by to USD 65000, he liquidated and rest is history. Physical assets is based on population trends. They all work but largely depend on your stage of life.
I don't think he's told anyone not to own physical assets (and he's stressed on having a balance). I think the point he's trying to drive home is that if we are looking to grow personal wealth, I'll make more headway over time with financial assets. And this is info I wish I was privvy to in my 20s and early 30s when I didn’t have savings good enough to purchase land that is prime enough to easily buy n dispose at a good profit. Coz let's be honest; there are people struggling to sell off certain pieces of land even after sitting on said land for years
I agree with you. I am reading a book by Micheal Yardley who is telling us to invest in a real investment conglomerate. Money should not be saved it needs to be invested
Weuh I was in class bana and I think I have to retake this one. Really learnt a lot. Mr. Kirathe is a mountain of knowledge. Thanks Agatha, keep bringing 'em.
It is important to have control of your basic needs especially shelter. Also, you can’t just promote financial assets and discourage others from alternative assets such as real estate. Financial assets have their risks that he doesn’t seem to delve into. People have lost money through financial investments. Don’t listen to people.. but rather watch their actions. He is a real estate investor.. why didn’t he sell it all off to solely invest in financial assets!
@@stellakatumba3293you clearly didn’t understand the video and content. Anyways, its a cultural issue as he mentioned 1. Yes he is a real estate investor in real estate assets that have been converted into financial assets. 2. All Investments have risks. Do you know of any without risks? Do due diligence first and understand investments 3. Financial assets will always defeat physical assets. Study the capital markets of developed nations. You’ll understand. 4. REIT’s are also an alternative real estate investment.
Culture change is very difficult to walk out from. Putting in millions in a home in shags or a Syokimau plot for your retirement home leaves you a pauper in your twilight years. Forgoing building financial assets portfolio that can support you when you have long retired. This does not eliminate the need to build a home but to make reasonably sized projects for your retirement home putting the rest of your monies in appropriate financial investment vehicles, and of course not necessarily VUKA. Building a 12 million mansionate just for me and my wife instead of diversifying the same in Bonds and various Wealth funds does not make any financial sense. It will take time to change our point of view.....
Kenyans have gone far among East African countries i have learn a lot from Kenyan, gd Joseph in you tube still u do us gd as African at large via investments.
I've actually started thinking towards fungible assets in future,,things are changing...soon the government might reclaim all the land and we will start "renting"...thank you for this.
Wao l like this guy. This is the message l have been passing to many people l know. But it is strange how Kenyans love land. No matter how hard you sell the idea of financial assets, most will argue they want land for 'longterm' ..how wierd
At 50 liquidate or sale , convert to cash and invest in financial assets, enjoy a lifestyle funded by the returns while preserving the principal Investment and eventually pass it down as an inheritance to your next generation. If you tailor a lifestyle that consumes less than your annual return then the buffer created shall grow the investment and cushion it
I think they should be a balance earlier than 40. Financial assets growth is dependant on time. You start too late you miss out on a lot of compounding advantage. Liquidation of physical assets is not as easy as everyone makes it. Balance early. In fact I would say start your financial assets journey in your 20s
This is a great idea. However, does the speaker factor that the earnings from the mutual fund is spent on running the home and raising the children? How do you arrive at 13 billion accumulating from your example?
Thats me. At 50 yes I'd. So many pieces of land, like 12 title deeds in total but very minimal cash assets except three infrastructure bonds bought recently
Good info , we didnt knew about this,tunafaa tuchunguze hii maneno sisi wenye tunaijua sai,mtu hawezi wekelea 10m kwa kitu yenye hajui. The only fear in us ni kuamka asubuhi tupate io kampuni ya financial assets imekufa tutaanzia wapy? Kama tumeona banks zikikufa, mtuchanue apo
Good morning.I watched a video on investing in infrastruture bonds and bills and would like to know if you found a way to deposit the monies while abroad.Currently I am in Dubai and wish to invest in the next 3 months. Thank you.
But those insurance companies take the money and invest it in property. You cant rent if things goes wrong, you need your home. In conclusion everything has risk, markets can crush as well. I agree its difficult to sale physical assets but u can borrow using asset as security.
Pls note even insurance is guided by culture. Kenyans dont buy term life because they say they are not getting anything back. So they prefere an insurance with money they can get
What we fail to realise is that if there is no money to save, then there is no money to invest. The question does not lie in how to invest or what we tend to call financial inclusion, the question is on financial development. We simply lack the monetary resources to save, mostly due to a corrupt system and an over-bloated government expenditure, which in turn leaves the populace with nothing, and even more suffocates any effort for economic growth. Reality and numbers do not lie, if the system works, then we will see more financial development and furthermore financial inclusion... we can have this conversation all we want, but if the system does not work, this will be just a pipe dream.... You cannot out-hustle a system that does not work.
For Sanlam MMF (which is what I use and recommend), you need a bank statement. Send me an email to agatha@thewealthtribe.com and I can see how to help.
Owning vs renting. He'll tell you to rent instead of buying. But then on the other side,,,,who will you then rent from if everyone heeds to the advice of not investing in rentals?
As long as the foundation is wrong, it doesn't matter what people continue to do - you need to start by understanding what an investment is and who actually invests or when it is the right time to invest. Story for the future, not today!
I was listened. I have learnt a bit of financial assets vis physics cal assets. I have a piece of of land that I bought in Eldoret 40 years ago and I have nothing that brings money out of it.😢😢😂😂
You can check that with a compound interest calculator. You will put in a little more than 450k, earn an interest of about 800k and your child has 1.2Million. The power of compounding is the wealth builder. The more time you have, the more you can make. You start early and you do not need that much capital. I wish I knew this earlier too
I totally disagree with him. Most people in the West - UK , US made their wealth through physical assets- houses by appreciation of the value of houses. He seems to suggest that liquid assets / financial assets- which is far more volatile and a gamble.
@@TheWealthTribe I gave you this feedback and you deleted my comments. We need to apply these ideas to our landscape.. you MUST be in charge of your shelter if you need to survive in any developing economy where prices of land and rent are erratic. Also, please note that many landlords load all their mortgage costs on rental fees.. It therefore makes more sense to build your own little house or buy property if you can. We give this feedback in good faith!
For the question of housing its key to put aside emergency money for at least 1 year. Put this in the money market and roll over every year with a review. For the rent vs purchase of house its the money you tie to the loan servicing purchase of the house. You forgo the amount you would otherwise invest in financial assets and generate more value.
Both the host & guess are biased!!! The interview is like a soccer statioj brought a soccer coach to talk about football vs basketball; what do u expect if not a biased point!! Next time dontvtag d Topic versus n u broughg only one person to talk. Bring from both end n let them iron it out. He said it took time to sell land yet saying to grow wealth takes time..lol. How can u tag a subsistence farming as a business? We all know commercial framing is d business. 2. Rental is bad, finel but the REITF u talking of is it not same process of renting they doing? Do u think if soemone vacate such reltf apartment that they will pay returns to the subscribers?? Never they wil send all email n letters, is better u own that rental apartmenr land that bin reltf. 3. Do u know that this so financial instructment are volatile? Pple buy shares yet no divuded for years!!! 4 lastly u want to use an example u talking about a 83yrs old man with all his children in abroad, pls how has that got to Do with having physical asset?? That is even an entire topic cos by the time u were raising ur children in abroad many dont realised the old age effect. If he hav children so Why cant they take care of their father? Addition to all, do u know that many are not money disciplined? Once they have little issue they sell off the financial asset fast but with physical u hardly want to go that process of selling. Let them both give this man n myself same amount of money n see who will raiee n realised more money. Let me use Nigeria currency as an example n we both given 1m naira, put urs in 41k bonds n stocks n i will buy 5 acres of farmland n lease out each acre for 30k annually to farmers, i will get 150k yearly while same land kept n use 50k yearly for shares or bond n adopt compound interest.. appreciating..can u get 100k alone from ur 1m in share n 41k yearly?
I think there is a lot of flawed reasoning here. Perhaps because he has a product to sell. Why is there a constant reference to this 83 y.o? Look around, there are plenty of success stories from real estate.
Perspective of these people is mostly determined by what they are selling. This guy will discredit farming and rental houses just to justify vuka money market fund.
Compound interest not simple interest. You can use compound interest calculator online to check that. As they say compound interest is the 8th wonder of the world
On 10th May, I had my first in-person event in collaboration with Vuka Investment Club. I was super excited to meet and interact with Wealthtribers for the first time! Thank you for showing up!
If you missed the event, this is the recording of the second part of the event where Wealthtribers learnt the advantages of investing in finances markets as opposed to investing in physical assets.
If you'd like to join VUKA and start investing in the Acorn I-REIT, Sign Up using this link 👉🏽 registration.vuka.co.ke/IS104762
How do we invest in Nairobi Stock Exchange?
Please note in the Western part of the world the basic are catered for housing, medical and many other as opposed to africa
What's his name and what does he do?
Very good lessons learnt here.Diversify your investment.Young people pls listen to this.For us old people we basically invested in Saccos and physical assets.This gives little financial freedom . 1:
First time bumping into this and watched the whole video. My takeaway at my big age is to always eat the fruits, don't touch the principal!
Well said!
I want to appreciate you Agatha. Thank you for bringing such a forum because it is giving me good exposure.
My pleasure!
This is the best discussion I have had this yr
Thank you!💪🏾 💪🏾
Perfect discussion
I am kindly requesting that you also find someone who can educate us about insurance - Insurance in general, how to pick the right one and all thise other nitty gritties.
🙏
Agatha's insight gives me hope in the future of this nation
I've learned so much, eg how the cost of capital is the barrier of entry when comparing developed markets and ours. This is a video I will come back and watch as I take notes
I'm glad it was useful!
❤Thanks a lot.... Asset rich but cash flow poor....You have convinced me about financial assets. However, the rural kenyans are sill better in assets.
Owning a physical asset aint bad, just dont let it seat idle, make sure its bringing in some returns. People earn very well from farming and rentals. One persons experience shouldn't affect the whole market.
Okay
This discussion is relevant not only for Kenya but for all developing countries all over the world. Good to see people in developing countries getting financially educated.
Yes, we have a wealthy continent!
Financial assets are all good, but ignore the physical assets...and the Chinese will be owning all the lands before we know it.
Balance and strategy is everything!!!
This is not simple for most people i know but this is the real sense.
👏
Time is the big friend of wealth creation
💯 start now
Just diversify.. every asset has its own advantages and disadvantages.
Alright
Oh I’ve loved every moment of this Agatha! So proud of what you’re doing and really proud of being a wealth triber!!! 🙌🏾🙌🏾🙌🏾🙌🏾
❤️ ❤️ ❤️ I'm so glad to have you Linda! ❤️ ❤️ ❤️
As an individual who has always leaned towards financial assets more than physical assets, this totally spoke to me. Confirmation bias serving me:-) Amazing discussion and brilliant guy!
Thank you Agatha! Well done our C.E.O - you are thoroughly informed. We are inspired!
Wonderful!
I think the guy is very biased against physical assets. Wealth creation is a question of both physical asset acquisition and cash assets. You have to strike a balance when you re still young -25- 40 years please invest in physical assets but as you grow beyond 40 liquidate some into cash assets. A friend of mine at 37 years bought an acre of land at USD 7000, a new road was constructed 10 years after and his land value had gone up by to USD 65000, he liquidated and rest is history. Physical assets is based on population trends. They all work but largely depend on your stage of life.
ok 👍
I don't think he's told anyone not to own physical assets (and he's stressed on having a balance). I think the point he's trying to drive home is that if we are looking to grow personal wealth, I'll make more headway over time with financial assets. And this is info I wish I was privvy to in my 20s and early 30s when I didn’t have savings good enough to purchase land that is prime enough to easily buy n dispose at a good profit. Coz let's be honest; there are people struggling to sell off certain pieces of land even after sitting on said land for years
@@jacquiekariuki1484 you nailed it! 🎉
I agree with you. I am reading a book by Micheal Yardley who is telling us to invest in a real investment conglomerate. Money should not be saved it needs to be invested
To be wealthy you have to own buildings
Weuh I was in class bana and I think I have to retake this one. Really learnt a lot. Mr. Kirathe is a mountain of knowledge. Thanks Agatha, keep bringing 'em.
Glad you enjoyed it. It's like a masterclass that you need to rewatch every few months!
It is important to have control of your basic needs especially shelter. Also, you can’t just promote financial assets and discourage others from alternative assets such as real estate. Financial assets have their risks that he doesn’t seem to delve into. People have lost money through financial investments. Don’t listen to people.. but rather watch their actions. He is a real estate investor.. why didn’t he sell it all off to solely invest in financial assets!
This shows you didn't watch the full conversation.
@@stellakatumba3293you clearly didn’t understand the video and content. Anyways, its a cultural issue as he mentioned
1. Yes he is a real estate investor in real estate assets that have been converted into financial assets.
2. All Investments have risks. Do you know of any without risks? Do due diligence first and understand investments
3. Financial assets will always defeat physical assets. Study the capital markets of developed nations. You’ll understand.
4. REIT’s are also an alternative real estate investment.
Culture change is very difficult to walk out from.
Putting in millions in a home in shags or a Syokimau plot for your retirement home leaves you a pauper in your twilight years. Forgoing building financial assets portfolio that can support you when you have long retired.
This does not eliminate the need to build a home but to make reasonably sized projects for your retirement home putting the rest of your monies in appropriate financial investment vehicles, and of course not necessarily VUKA.
Building a 12 million mansionate just for me and my wife instead of diversifying the same in Bonds and various Wealth funds does not make any financial sense. It will take time to change our point of view.....
@@jkaduda Exactly. Either way, we must start making the steps to change how we think.
@jkaduda you have the best reasonable answer.
Kenyans have gone far among East African countries i have learn a lot from Kenyan, gd Joseph in you tube still u do us gd as African at large via investments.
👍
I've actually started thinking towards fungible assets in future,,things are changing...soon the government might reclaim all the land and we will start "renting"...thank you for this.
That reclaim thing, that's why we need to #rejectfinancebill2024
Wao l like this guy. This is the message l have been passing to many people l know. But it is strange how Kenyans love land. No matter how hard you sell the idea of financial assets, most will argue they want land for 'longterm' ..how wierd
A brilliant man there
I no longer feel pressured to have physical assets😊
It's a balance between the 2 .Before 45 it is ok to buy physical assets.After 50 go financial assets
ok 👍
At 50 liquidate or sale , convert to cash and invest in financial assets, enjoy a lifestyle funded by the returns while preserving the principal Investment and eventually pass it down as an inheritance to your next generation. If you tailor a lifestyle that consumes less than your annual return then the buffer created shall grow the investment and cushion it
I think they should be a balance earlier than 40. Financial assets growth is dependant on time. You start too late you miss out on a lot of compounding advantage.
Liquidation of physical assets is not as easy as everyone makes it.
Balance early. In fact I would say start your financial assets journey in your 20s
This is a great idea. However, does the speaker factor that the earnings from the mutual fund is spent on running the home and raising the children? How do you arrive at 13 billion accumulating from your example?
Very many factors held constant to bring the relevance
One of the best i have ever listened to.👍
Thank you!!!
But un mmf there is guaranteed capital preservation
That makes it a good vehicle for your investment as a financial asset, and the gains of aggregation
should i own my assets directly or through a company?
Thats me. At 50 yes I'd. So many pieces of land, like 12 title deeds in total but very minimal cash assets except three infrastructure bonds bought recently
I'm glad you learnt started diversifying your portfolio!
Good info , we didnt knew about this,tunafaa tuchunguze hii maneno sisi wenye tunaijua sai,mtu hawezi wekelea 10m kwa kitu yenye hajui. The only fear in us ni kuamka asubuhi tupate io kampuni ya financial assets imekufa tutaanzia wapy? Kama tumeona banks zikikufa, mtuchanue apo
Good morning.I watched a video on investing in infrastruture bonds and bills and would like to know if you found a way to deposit the monies while abroad.Currently I am in Dubai and wish to invest in the next 3 months.
Thank you.
Contact your bank and ask them to show you how to do an RTGS transfer to CBK.
If u don't want to go through alot of formalities,, search good joseph in u tube he will assist u...
I’m really grateful I found this video. You earned a subscriber 😊 Thank you very much
Welcome to The Wealth Tribe! 💰
But those insurance companies take the money and invest it in property.
You cant rent if things goes wrong, you need your home.
In conclusion everything has risk, markets can crush as well. I agree its difficult to sale physical assets but u can borrow using asset as security.
Is personal pension plan a great strategy and or a financial asset?
Better financial assets, the ppp is designed for long-term and no access, once mature convert to a F a and don't draw down but live on the returns
Pls note even insurance is guided by culture. Kenyans dont buy term life because they say they are not getting anything back. So they prefere an insurance with money they can get
Very smart guy... I am learning a lot.. gosh
Glad to hear that! 🤑
I love investing in financial assets than physical assets.
👏
Financial assets are potable and enjoy risk free delegated management
What we fail to realise is that if there is no money to save, then there is no money to invest. The question does not lie in how to invest or what we tend to call financial inclusion, the question is on financial development. We simply lack the monetary resources to save, mostly due to a corrupt system and an over-bloated government expenditure, which in turn leaves the populace with nothing, and even more suffocates any effort for economic growth. Reality and numbers do not lie, if the system works, then we will see more financial development and furthermore financial inclusion... we can have this conversation all we want, but if the system does not work, this will be just a pipe dream.... You cannot out-hustle a system that does not work.
You need to change your mindset towards saving. Everyone should first save before saving
@@margaretbangi1318there are people struggling to afford even the basic needs, how are they going to save
What's the full Name of the Gentleman ,,? Can he be found from social media ?
A very educative discussion. Precise
I'm glad you enjoyed it!
Thanks for this at 24 learning alot
Glad it was helpful!
Mkuu niko na swali. If i don't have bank account for bank statement to open money market fund only have mpesa am in abroad.
Yeah you can open.. Others like etica u can register through their app
For Sanlam MMF (which is what I use and recommend), you need a bank statement. Send me an email to agatha@thewealthtribe.com and I can see how to help.
How about FD with 10%
Hi, can non Kenyan citizen invest in mmf through sanlam or any if available please. Thanks.
@@hamzatadekunjo1063 its impossible since they require a KRA PIN NO. also
Owning vs renting. He'll tell you to rent instead of buying. But then on the other side,,,,who will you then rent from if everyone heeds to the advice of not investing in rentals?
Can you please recommend a good Real estate company in Kenya
Vuka
Which form of real estate?
@@TheWealthTribe The company that sells plots of land in their estates
As long as the foundation is wrong, it doesn't matter what people continue to do - you need to start by understanding what an investment is and who actually invests or when it is the right time to invest.
Story for the future, not today!
OK
MMF or Bonds? Advice for one million investors
It depends on your financial goals. For example, if you want to save for your 1 Year Emergency Fund, use a Money Market Fund.
I was listened. I have learnt a bit of financial assets vis physics cal assets. I have a piece of of land that I bought in Eldoret 40 years ago and I have nothing that brings money out of it.😢😢😂😂
How do I pay for membership?
I responded to your email
Thank you Agatha for this show
You are welcome 😊
I saw somewhere that if you invest in an MMF account for your kid and every birthday you Deposit 2100 they will have Millions at 18th Birthday
You can check that with a compound interest calculator. You will put in a little more than 450k, earn an interest of about 800k and your child has 1.2Million. The power of compounding is the wealth builder. The more time you have, the more you can make. You start early and you do not need that much capital.
I wish I knew this earlier too
What is the longevity of MM institutions?
It's perpetuated by the regulator who appoint a next fund manager to continue the investment
Pls inform us on upcoming ifb bond , when is it expected????
Bonds are floated every month. Check the DhowCSD app.
@@TheWealthTribe I mean Infrastructure bond plz
I totally disagree with him. Most people in the West - UK , US made their wealth through physical assets- houses by appreciation of the value of houses. He seems to suggest that liquid assets / financial assets- which is far more volatile and a gamble.
Do you live in the West?
@@TheWealthTribe I gave you this feedback and you deleted my comments. We need to apply these ideas to our landscape.. you MUST be in charge of your shelter if you need to survive in any developing economy where prices of land and rent are erratic. Also, please note that many landlords load all their mortgage costs on rental fees.. It therefore makes more sense to build your own little house or buy property if you can.
We give this feedback in good faith!
For the question of housing its key to put aside emergency money for at least 1 year. Put this in the money market and roll over every year with a review.
For the rent vs purchase of house its the money you tie to the loan servicing purchase of the house. You forgo the amount you would otherwise invest in financial assets and generate more value.
👏 👏 👏
Who told him we are only doing subsistence farming?
Relax😂
smh 😂
Informative conversation
Thank you 🙏
I think the blackrocknuses AI to understand trends. They are able to see what we can't see
👍
Putting money in banks can be risky. Stocks tend to crash. Physical assets are safer
Both the host & guess are biased!!! The interview is like a soccer statioj brought a soccer coach to talk about football vs basketball; what do u expect if not a biased point!! Next time dontvtag d Topic versus n u broughg only one person to talk. Bring from both end n let them iron it out.
He said it took time to sell land yet saying to grow wealth takes time..lol.
How can u tag a subsistence farming as a business? We all know commercial framing is d business.
2. Rental is bad, finel but the REITF u talking of is it not same process of renting they doing? Do u think if soemone vacate such reltf apartment that they will pay returns to the subscribers?? Never they wil send all email n letters, is better u own that rental apartmenr land that bin reltf.
3. Do u know that this so financial instructment are volatile? Pple buy shares yet no divuded for years!!!
4 lastly u want to use an example u talking about a 83yrs old man with all his children in abroad, pls how has that got to Do with having physical asset?? That is even an entire topic cos by the time u were raising ur children in abroad many dont realised the old age effect. If he hav children so Why cant they take care of their father?
Addition to all, do u know that many are not money disciplined? Once they have little issue they sell off the financial asset fast but with physical u hardly want to go that process of selling.
Let them both give this man n myself same amount of money n see who will raiee n realised more money. Let me use Nigeria currency as an example n we both given 1m naira, put urs in 41k bonds n stocks n i will buy 5 acres of farmland n lease out each acre for 30k annually to farmers, i will get 150k yearly while same land kept n use 50k yearly for shares or bond n adopt compound interest.. appreciating..can u get 100k alone from ur 1m in share n 41k yearly?
I think there is a lot of flawed reasoning here. Perhaps because he has a product to sell. Why is there a constant reference to this 83 y.o? Look around, there are plenty of success stories from real estate.
He didn't sell Vuka
We need real business mentors to talk to us than these naysayers. People do business you will start small and grow big.
😂 😂 😂 😂
I know many people who became rich thanks to land
Alright
Perspective of these people is mostly determined by what they are selling. This guy will discredit farming and rental houses just to justify vuka money market fund.
He has good information but he is biased
Okay
The maths not mathing though (1m @ 10% for 100 years).Good discussion though
Okay 👍
Compound interest not simple interest. You can use compound interest calculator online to check that. As they say compound interest is the 8th wonder of the world