COMPOUND INTEREST EXPLAINED! | 1 MILLION EMERGENCY FUND CHALLENGE | BEST MONEY MARKET FUND IN KENYA

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  • Опубліковано 29 лис 2024

КОМЕНТАРІ • 131

  • @thomasorungo6898
    @thomasorungo6898 7 місяців тому +15

    An idea to explore here! After 1 year, one can transfer the 1M into Infrastructure Bond and they will earn between 16% to 18% interest free. That said, this is a good approach for anyone who would like to get into big boys/girls club of investing in the infrastructure bond

    • @lucy1657
      @lucy1657 7 місяців тому +4

      That’s my plan as soon as i hit 1 mil i push it to bonds

    • @thomasorungo6898
      @thomasorungo6898 7 місяців тому

      @@lucy1657 go for it girl! It’s time more and more locals get into this infrastructure bond so that together, we can dislodge foreigners who have benefited a lot in this venture at our expense!

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому +1

      Good suggestion!!! 💪🏾

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому +1

      @@lucy1657 👏🏾

    • @dmwas.
      @dmwas. 3 місяці тому +3

      That has always been my strategy - I do weekly investments in treasury bills for 91 days and put it back until an IFB comes along then I move the money to the bond.

  • @sammypeter707
    @sammypeter707 7 місяців тому +7

    "Give a man fish ,and you feed him for a day; teach a man to fish and you feed him for a lifetime." Absolutely with you Agatha, we're here for financial literacy, woe unto those seeking get rich quick schemes, hao waende tu kwa betting and lotteries :)

  • @anthonywachiragatimu1224
    @anthonywachiragatimu1224 7 місяців тому +5

    This financial excerpt is highly appreciated.

  • @trueteller7384
    @trueteller7384 7 місяців тому +3

    Good breakdown. Next time kindly include the management fee so we have a clear picture of the returns

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому +3

      The 15.34% is net of management fees.

  • @Justchilling8261
    @Justchilling8261 7 місяців тому +4

    Slow and steady wins the race

  • @OscarMitalo
    @OscarMitalo 7 місяців тому +11

    Those who say 73k after 1 year is too low fail to understand that you don’t start with 1 million in January

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому

      EXACTLY!!!!! 👏🏾👏🏾

    • @mosesnjoroge4797
      @mosesnjoroge4797 7 місяців тому +3

      They also forget that year 2 will be very different.

  • @MargaretMaina-g3u
    @MargaretMaina-g3u 7 місяців тому +1

    Hello Agatha, thank you for the wealth knowledge. For the next video, I suggest you compare and contrast simple interest and compound interest.

  • @nyakeirurajb77
    @nyakeirurajb77 6 місяців тому +3

    Each time I hear of Sanlam, I remember how they corned me. Is there any other MMF I can venture @Agtha?

    • @JacintaMurugi
      @JacintaMurugi 6 місяців тому

      Thank you for sharing this,I have really wanted to hear someone talk about it because I wanted to join it but I was hesitant..what really happened if I may ask ?and Agatha please answer her I also need the answer

    • @nyakeirurajb77
      @nyakeirurajb77 6 місяців тому

      @@JacintaMurugi They literally took advantage of my innocence in matters investment, as soon as I was employed. They visited my work place and enticed me to join. In my mind I wanted to save, but I didn't know what to do or how go about it. So, they sold me a certain policy which was to save for 5 yrs and then it matures. When I visited there hq office in Nairobi CBD to check about it upon the expiry of the period, I was shown a monitor screen indicating that I signed for 15 yrs. I immediately demanded that they stop deducting the 5k every month, it was now 200k. I only received just 83k the rest they took it. It was such a painful experience I will live to regret.

    • @suziekimani5004
      @suziekimani5004 4 місяці тому

      Jesus I wanted to as well, can you do something for icea

    • @karynasta6447
      @karynasta6447 4 місяці тому

      There's CIC

    • @teresiandegwa9550
      @teresiandegwa9550 2 місяці тому

      Hi I need to be in. How do I start it. MMF PLEASE

  • @suethera393
    @suethera393 3 місяці тому

    Well explained. How do I get the excel sheet?

  • @sharonkipchumba535
    @sharonkipchumba535 6 місяців тому +3

    What about 5k every month for 12rs

  • @rmkenya125
    @rmkenya125 2 місяці тому

    Please provide us with the link to the sanlam money market fund indicative investment calculator. Thank you

  • @Kamalintel
    @Kamalintel 6 місяців тому +1

    Someone advise me to join etica mmf,is it advisable or which one is good to start with

    • @MURENDEKAI
      @MURENDEKAI 6 місяців тому

      Your late my Fred. Etica, cytonn 👍🏼

  • @JessyKW
    @JessyKW 7 місяців тому +1

    Very helpful Agatha.

  • @alckaraz_derrick
    @alckaraz_derrick 3 місяці тому

    Amazing as always 😊
    MMF

  • @nyakeirurajb77
    @nyakeirurajb77 6 місяців тому +2

    @Agtha, is there any other MMF company you may recommend? I fear loosing the money if I save with Sanlam just as they corned me sometimes back. They robbed me a WHOOPING KSH. 117,000

    • @UnikshuttleIgoji-rq8qh
      @UnikshuttleIgoji-rq8qh 6 місяців тому

      Whaat I thought Muslims don't do so

    • @shirumary1322
      @shirumary1322 5 місяців тому

      Sorry about your loss Where exactly did you lose your money?

  • @ichooseviolence2532
    @ichooseviolence2532 6 місяців тому +1

    What if you just make a 1M deposit once and wait for end of year?? Will it still be 73k

    • @bollboy3553
      @bollboy3553 6 місяців тому +2

      Nop... But it will 11k per month without top ups in the year

    • @TheWealthTribe
      @TheWealthTribe  6 місяців тому

      👍🏽

  • @1m.1
    @1m.1 7 місяців тому +1

    What if i invest 2million ksh with a top up of 20,000 ksh ,what will be my totals in 5 yrs time?

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому

      Using the same 15.34% rate (which I explained is not guaranteed over a long period), you'll end up with KES 6,073,748. This figure is not net of withholding tax. Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

    • @1m.1
      @1m.1 6 місяців тому

      @@TheWealthTribe wow thanks

  • @timothykimende3405
    @timothykimende3405 4 місяці тому

    Have you factored management fee or commissions from sanlaam

  • @frimaxschu6903
    @frimaxschu6903 5 місяців тому

    Mmf. Is possible if you're out of the country? Help

    • @TheWealthTribe
      @TheWealthTribe  5 місяців тому

      Yes. You can set up from anywhere in the world. Send me an email and say 'help me set up a Money Market Fund account.' My email is agatha@thewealthtribe.com

  • @cliffongeri4236
    @cliffongeri4236 4 місяці тому

    Hello, help me to understand here pls.. Is it allowed to deposit 100k bt every month i invest or top up 10k,20k,5k..or must be 100k every month

    • @TheWealthTribe
      @TheWealthTribe  4 місяці тому

      It's very much allowed!
      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽
      bit.ly/InvestSUT

  • @virginianjenga4358
    @virginianjenga4358 7 місяців тому

    Good information i would like to do the challenge although i dont an MMF. Could u plz help me to open one? Regards

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому

      Sure! Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

    • @virginianjenga4358
      @virginianjenga4358 7 місяців тому

      @@TheWealthTribe Thanks for responding is this MMF also for diasporians?

    • @jamwah6420
      @jamwah6420 5 місяців тому

      Hey Agatha must it be sanlam.​@@TheWealthTribe

  • @1m.1
    @1m.1 7 місяців тому +1

    So the interest is earned daily or monthly?

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому

      Daily and credited to your account monthly.

    • @1m.1
      @1m.1 6 місяців тому +1

      @@TheWealthTribe I tried to open online but I was unable

  • @oumavictor-vb4ff
    @oumavictor-vb4ff 6 місяців тому

    Hello,,where can I find you?

  • @ronnieokello2580
    @ronnieokello2580 7 місяців тому +1

    How can i invest in mmf and tbill from the diaspora?

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому

      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

  • @johnmwanzia8452
    @johnmwanzia8452 6 місяців тому

    I see no management fee being featured anywhere

    • @TheWealthTribe
      @TheWealthTribe  6 місяців тому +1

      The return is net of management fees.

  • @alexmuhenge9163
    @alexmuhenge9163 5 місяців тому

    Hi Agatha, please share the Excel sheet. Thank you in advance

  • @PaulOnyangoObare
    @PaulOnyangoObare 7 місяців тому

    Thanks

  • @jothamngugi788
    @jothamngugi788 5 місяців тому +1

    MMF Fund

    • @TheWealthTribe
      @TheWealthTribe  5 місяців тому

      Use this link to submit your application 👉🏽 bit.ly/InvestSUT

  • @nelsonmoturi6177
    @nelsonmoturi6177 7 місяців тому +1

    mmf

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому

      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

  • @senmediandevents1063
    @senmediandevents1063 4 місяці тому

    What if i join and deposit 1M and the intrest gets redeposited back can that act as my monthly remittances?

    • @TheWealthTribe
      @TheWealthTribe  4 місяці тому

      Sure.
      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽
      bit.ly/InvestSUT

  • @cyprianwaya
    @cyprianwaya 7 місяців тому

    MMF

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому

      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

  • @dymesk650
    @dymesk650 7 місяців тому

    💯

  • @PaulOnyangoObare
    @PaulOnyangoObare 7 місяців тому

    Mmf

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому +1

      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

  • @AlkiwaEnterprises
    @AlkiwaEnterprises 3 місяці тому

    Mmg

    • @TheWealthTribe
      @TheWealthTribe  3 місяці тому

      Use this link to submit your application for a Money Market Fund account 👉🏽👉🏽 bit.ly/InvestSUT
      After submitting your application, send me an email using agatha@thewealthtribe.com and say 'please add me to your accountability list'

  • @TheWealthTribe
    @TheWealthTribe  7 місяців тому +2

    If you’d like to join The 1 Million Emergency Fund Challenge, use this link to submit your application for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

    • @MegaWanju
      @MegaWanju 4 місяці тому

      Is it wise to put 1 million in a money market fund?

  • @mbaabudan
    @mbaabudan 7 місяців тому

    MMF

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому

      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

  • @nyakundipatrick2708
    @nyakundipatrick2708 7 місяців тому

    mmf

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому

      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

  • @brigadiersikampa
    @brigadiersikampa 7 місяців тому

    Mmf

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому

      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

  • @josephinewairimu762
    @josephinewairimu762 7 місяців тому

    MMF

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому

      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

  • @muleijoh6001
    @muleijoh6001 7 місяців тому

    mmf

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому

      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

  • @gechtv580
    @gechtv580 7 місяців тому

    Mmf

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому

      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

  • @patrickkabugi6874
    @patrickkabugi6874 7 місяців тому

    MMF

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому

      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

  • @palpur12345
    @palpur12345 6 місяців тому

    mmf

    • @TheWealthTribe
      @TheWealthTribe  6 місяців тому

      If you’d like me to help you set up a Money Market Fund account, use this link to submit your application 👉🏽: invest.sanlameastafrica.com/on-boarding?agent=02611

  • @bonitaakoth1450
    @bonitaakoth1450 7 місяців тому

    Mmf

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому

      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

  • @gmasese
    @gmasese 7 місяців тому

    MMF

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому

      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

  • @man19881000
    @man19881000 4 місяці тому

    mmf

    • @TheWealthTribe
      @TheWealthTribe  4 місяці тому

      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽
      bit.ly/InvestSUT
      Click this link to watch a guide on How Money Markets Funds work 👉🏽👉🏽
      ua-cam.com/video/9OkeMpCkbjk/v-deo.html

  • @catherinewahome9972
    @catherinewahome9972 7 місяців тому

    Mmf

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому

      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

  • @wildflower3763
    @wildflower3763 7 місяців тому

    MMF

    • @TheWealthTribe
      @TheWealthTribe  7 місяців тому

      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

  • @Joy_4_potatoes
    @Joy_4_potatoes 5 місяців тому

    Mmf

    • @TheWealthTribe
      @TheWealthTribe  5 місяців тому

      Use this link to submit your application 👉🏽 bit.ly/InvestSUT

  • @benardopenji4839
    @benardopenji4839 4 місяці тому

    mmf

    • @TheWealthTribe
      @TheWealthTribe  4 місяці тому

      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽
      bit.ly/InvestSUT
      Click this link to watch a guide on How Money Markets Funds work 👉🏽👉🏽
      ua-cam.com/video/9OkeMpCkbjk/v-deo.html

  • @samchege6356
    @samchege6356 6 місяців тому

    MMF

    • @TheWealthTribe
      @TheWealthTribe  6 місяців тому

      Use this link to submit your application for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

  • @mutheejoshuai2523
    @mutheejoshuai2523 5 місяців тому

    Mmf

    • @TheWealthTribe
      @TheWealthTribe  5 місяців тому

      Submit your application using this link 👉🏽 bit.ly/InvestSUT

  • @SuzanOsindo
    @SuzanOsindo 6 місяців тому

    MMF

    • @TheWealthTribe
      @TheWealthTribe  6 місяців тому

      Use this link to submit your application for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611

  • @abdallahkweyu7277
    @abdallahkweyu7277 6 місяців тому

    MMF

    • @TheWealthTribe
      @TheWealthTribe  6 місяців тому

      If you’d like me to help you set up a Money Market Fund account, use this link to submit your application 👉🏽: invest.sanlameastafrica.com/on-boarding?agent=02611

  • @MrNekkam
    @MrNekkam 5 місяців тому

    MMF

    • @TheWealthTribe
      @TheWealthTribe  5 місяців тому

      Apply online using this link 👉🏽 bit.ly/InvestSUT

  • @DavidMurimi-yu2rf
    @DavidMurimi-yu2rf 5 місяців тому +1

    MMF

    • @TheWealthTribe
      @TheWealthTribe  5 місяців тому

      Apply online using this link 👉🏽 bit.ly/InvestSUT

  • @ephraimouma6835
    @ephraimouma6835 4 місяці тому

    MMF

    • @TheWealthTribe
      @TheWealthTribe  4 місяці тому

      Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽
      bit.ly/InvestSUT
      Click this link to watch a guide on How Money Markets Funds work 👉🏽👉🏽
      ua-cam.com/video/9OkeMpCkbjk/v-deo.html