yaani i have been in darkness about financial literacy. Finding you in lynns channel is the best thing that has happened to me. Not me binge watching your channel with a notebook
Hello dear, today is my first day I've ever heard and learned about investing,from Lynn's UA-cam,wah I've been in darkness of poverty not knowing where am heading to, thanks very much Susan even if am a class 8 dropout I ve been living hopelessly sinking in to poverty day by day as I grow old,but today you have opened my eyes with too much knowledge God bless you 🙏 I've been in chamas, circles but feared debts/loans coz I had nothing or noone could agree to be a garanter to me,I want to follow you for more lessons hopping this can change my life😢,one question for today if I have savings aren't they enough for the cycle to give me loan without garanters or any accets🤔
Never forget this: If you have internet and use it to gain knowledge, then you are way ahead of many people. I have multiple degrees and I was bad at managing my finances. I started with educating myself and the internet has been my help. Does having a finance degree help? Yeah but good money management is more discipline than knowledge. Of course with knowledge and discipline you'll be unstoppable! You got this 💪🏾.
This is a very great educational piece, I love it. I am in a Sacco that pays 13% interest PA on savings and 20% dividends on share capital PA. Both have a 5% WHT on the interest/dividends. The 5% WHT is a great motivator for me and that is why I use the Sacco as an investment vehicle for passive income alongside T-bill's and Bonds. The 13% interest on the savings beats majority of the MMFs all the time. The share capital is more like a retirement pension plan alongside infrastructure bonds that are tax exempt. Thanks for the work that you do - information is power.
@@charlesjumwa3099 Disclaimer: This is not financial advice and am not marketing the Sacco. Do your own due diligence. As always, past performance is not an indicator of future performance. Am a member of Tower Sacco. It used to be a teachers only Sacco but they opened up to the general public.
I thank God for you Susan. I thought I knew much about Saccos but this is a great eye opener. Thanks to Lynn's show that made me know this great financial coach. Keep soaring
Totally agree Susan. Saccos are so crucial and worth investing in them especially while taking loans. I have brilliantly used saccos to take loans which I self guarantee and I just heard you talk about dividends, the money is so good if one has invested large sums of money. I love saccos. Great info. Can you do another detailed video on Treasury bills and Bonds?
Would you mind sharing the name of your sacco with me? Could you please explain how you self-guarantee? Once you have completed the repayment process, can you get out of it? I read somewhere that if you wish to leave a sacco, you must sell your own shares the sacco won't give you your money unless you sell your shares. Is this true?Selling your shares seems almost impossible to me
That is so true, I look at it wholesomely. T-Bills pay 16% interest and 15% WHT. Sometimes you can get more from a Sacco when you factor in the WHT is low.
Hello Susan! 🌞 Your video was incredibly informative, and I’ve been following your content after discovering it through Lynn Ngungi’s interview. If only I had encountered your wisdom earlier-it might have transformed my life! Currently, I’m taking small steps in the world of finance, hoping to blossom into something greater. 🌱💰 Keep up the fantastic work! 🙌
Thank you Susan.. I love your wonderful insights in this Sacco vlog. I have clearly understood how the 2 accounts work. You are truly a powerhouse in what you are doing. Keep up the good work. You have earned a subscription from me 😊
Why do people forget the part of Sacco shares?some Saccos offer as high as 18% for dividend.nowadays you can even top up your shares.stop focusing on deposits alone especially if you’re not interested in a loan in the near future.
Personally I do shares....just like any other person who could do rentals. I am getting good monies....it's a good investment. I am not interested in loans so much.
Am just about to join a Sacco and I believe this is what I needed to hear next time please talk about things we need to know about money market fund your content has so much impact in my financial life. Thanks so much Susan
Please tells us how we people in the diaspora can invest in these MMF and Tbills, what's our best options? I noticed CBK has set a very high limit ie $200,000 for diasporas to invest, please enlighten us. Thanks, and you're amazing full of great info that people pay a lot to get access to.
The minimum amount needed for investment in T-bills and bonds is 50K and multiples of 50K. For infrastructure binds the minimum is 100K with multiples of 50K. Not sure where you got the USD 200K from.
As much as it's more of an advantage to go for the deposit options,Share capital has high returns than normal deposits. I.e a Sacco with rebates (from deposits) of averagely 10-13% has divided of 20%(from share capital)
Thank you for this lesson coach. I just have a few questions. Do deposit account earn you some interest before you request for a loan. Also do guarantee s deposits determine if the sacco is going to give you a loan (even the amount of loan your requested)
yaani i have been in darkness about financial literacy. Finding you in lynns channel is the best thing that has happened to me. Not me binge watching your channel with a notebook
Very insightful & useful information, especially on the difference between deposits and share capital. Thank you Coach Susan.👍🏽
Hello dear, today is my first day I've ever heard and learned about investing,from Lynn's UA-cam,wah I've been in darkness of poverty not knowing where am heading to, thanks very much Susan even if am a class 8 dropout I ve been living hopelessly sinking in to poverty day by day as I grow old,but today you have opened my eyes with too much knowledge God bless you 🙏 I've been in chamas, circles but feared debts/loans coz I had nothing or noone could agree to be a garanter to me,I want to follow you for more lessons hopping this can change my life😢,one question for today if I have savings aren't they enough for the cycle to give me loan without garanters or any accets🤔
Never forget this: If you have internet and use it to gain knowledge, then you are way ahead of many people. I have multiple degrees and I was bad at managing my finances. I started with educating myself and the internet has been my help. Does having a finance degree help? Yeah but good money management is more discipline than knowledge. Of course with knowledge and discipline you'll be unstoppable!
You got this 💪🏾.
This is a very great educational piece, I love it.
I am in a Sacco that pays 13% interest PA on savings and 20% dividends on share capital PA. Both have a 5% WHT on the interest/dividends.
The 5% WHT is a great motivator for me and that is why I use the Sacco as an investment vehicle for passive income alongside T-bill's and Bonds.
The 13% interest on the savings beats majority of the MMFs all the time. The share capital is more like a retirement pension plan alongside infrastructure bonds that are tax exempt.
Thanks for the work that you do - information is power.
Hello, kindly share the name of the Sacco.
@@charlesjumwa3099 Disclaimer: This is not financial advice and am not marketing the Sacco. Do your own due diligence. As always, past performance is not an indicator of future performance. Am a member of Tower Sacco. It used to be a teachers only Sacco but they opened up to the general public.
@dmwas. 👏 for the disclaimer clause which is very necessary. Thanks for sharing!
@@sheillahwafula432 I always feel that we all owe each other a fiduciary duty on all matters financial. Thanks for the compliment
Happy i found you,thank you for changing my life
Here's where we grow every Friday! Here's HOME! Keep it up coach.
I thank God for you Susan. I thought I knew much about Saccos but this is a great eye opener. Thanks to Lynn's show that made me know this great financial coach. Keep soaring
Watching from Eswatini and I've been looking for such education
This is incredibly helpful...
Thank you for sharing your knowledge with us
Quite informative. Thanks for the eye opener Madam Lynn
You have just earned my subscription, you are doing a good job
Totally agree Susan. Saccos are so crucial and worth investing in them especially while taking loans. I have brilliantly used saccos to take loans which I self guarantee and I just heard you talk about dividends, the money is so good if one has invested large sums of money. I love saccos. Great info. Can you do another detailed video on Treasury bills and Bonds?
Would you mind sharing the name of your sacco with me? Could you please explain how you self-guarantee?
Once you have completed the repayment process, can you get out of it?
I read somewhere that if you wish to leave a sacco, you must sell your own shares the sacco won't give you your money unless you sell your shares. Is this true?Selling your shares seems almost impossible to me
@@Agile2605 Kenya police Sacco. There are so many good saccos. Waumini Sacco, Safaricom Sacco. Visit then and check them out.
Wow so informative....thankyou coach for this😊
Need to invest in Treasury bills but don know where to start
Thanks for today's class really insightful... kindly Susan can you do a video on creating a CDS account and choosing best CDAs?
+1
With SACCOs the withholding tax is 5% as compared to other investments where the tax is as high as 15%
That is so true, I look at it wholesomely. T-Bills pay 16% interest and 15% WHT. Sometimes you can get more from a Sacco when you factor in the WHT is low.
@@dmwas.I thought wht is uniform as per the law that's 15%
I think as per the law it's 15%
@@mashverm4680for dividend income the WHT is 5%
Great 👌 work,,,,
Make a video about treasury bills and money market fund
Kazi nzuri sana Susan financial literacy equals financial freedom!
Thanks so much for this information, kindly talk about the process of buying Tbills and bonds for a starter...
I love this background rather than that of the office. Nice lesson 💯
Doing a great work in educating matters to do with Sacco's.. What an informative video! I like it.
Hello Susan! 🌞 Your video was incredibly informative, and I’ve been following your content after discovering it through Lynn Ngungi’s interview. If only I had encountered your wisdom earlier-it might have transformed my life! Currently, I’m taking small steps in the world of finance, hoping to blossom into something greater. 🌱💰 Keep up the fantastic work! 🙌
Thanks so much for this important information.
Great lesson on saccos
Well understood difference between share capital and savings
Hi coach susan,praise God,I'm patts ,you helped me alot thanks,re ever my flowers gal,may the Lord Co tinge expanding your teritorries
Susannn🎉🎉🎉thanks for the financial literacy classes
brilliant ideas,kudos coach Susan
Thanks for this information.Very useful
Thank you Susan..
I love your wonderful insights in this Sacco vlog.
I have clearly understood how the 2 accounts work.
You are truly a powerhouse in what you are doing.
Keep up the good work. You have earned a subscription from me 😊
Gosh Susan you are such a great coach
I can't sleep without watching susan videos more love ❤
Happy Friday too our own sister.Great job❤
Thanks a lot, Susan. God bless you for blessing us with important information ❤
Thank you for the financial literacy, very informative content👏🏻
This is a whole masterclass
Have benefitted a lot from your teachings. Thank you gal@Team Lynn
Thank you and God Bless you Susan.
Great insights, Coach Susan! I am learning a lot from you.
I have learnt so much from you on Lynn's table
Why do people forget the part of Sacco shares?some Saccos offer as high as 18% for dividend.nowadays you can even top up your shares.stop focusing on deposits alone especially if you’re not interested in a loan in the near future.
18%? kama gani?
Yes share capital earns more.
Kimisitu paid at 15% Last year for shares and 9% for deposits.
18% ? 🙄
Ollin Sacco share capital was 17.%, savings 12.% last year
Personally I do shares....just like any other person who could do rentals. I am getting good monies....it's a good investment. I am not interested in loans so much.
Thank you... Very educative. Great financial couching. Keep it up.
Very insightful, learning a lot from your videos
Forever resourceful Finance Friday!, we thank you so profoundly coach❤
Am so grateful to have known you coach Susan. Keep up the good work. Am well informed especially about investment.
Your channel is very informative.Keep it up
This has been helpful. Thank you Susan
I love ur explanation coach Susan team Lynn we are happy for you gal
I Thank God for knowing you when I needed you most..Thanks Lynn Ngugi kama sio wewe mayb I coudnt have known her❤❤❤
thanks for the clarification. I wanted to join one.
This is all i wanted to know blessings 🙌
Am just about to join a Sacco and I believe this is what I needed to hear next time please talk about things we need to know about money market fund your content has so much impact in my financial life. Thanks so much Susan
She has video on MMFs. You can also check Rina Hicks on MMF.
Finally I understand which is which..
Great insight.
Very insightful 👏
informative. Thanks Susan
Thank you so much coach Susan
You look so good madam
Thanks Lynn ngugi for introducing me to this lovely financial mind
Please Subscribe, video's drop every FRiday
Please tells us how we people in the diaspora can invest in these MMF and Tbills, what's our best options? I noticed CBK has set a very high limit ie $200,000 for diasporas to invest, please enlighten us. Thanks, and you're amazing full of great info that people pay a lot to get access to.
The minimum amount needed for investment in T-bills and bonds is 50K and multiples of 50K. For infrastructure binds the minimum is 100K with multiples of 50K. Not sure where you got the USD 200K from.
Thanks name sake
Kindly guide Us on other best avenues to safe money
Thank you,this is substantial.
Thanks for your information coach
Great information
you have explained well good job
To be sincere am learning a lot my sister
Thank you for sharing...very informative
congratulation coach wetu tumepita 100k
As much as it's more of an advantage to go for the deposit options,Share capital has high returns than normal deposits. I.e a Sacco with rebates (from deposits) of averagely 10-13% has divided of 20%(from share capital)
Huge tonne of knowledge from you🥳
Hi Susan,coulld you please make a video on REITS,is (VUKA) a good one?
Yes please. We will highly appreciate.
Do you mind giving a list of some of the best performing Saccos in Kenya?
I don't think she can, may be privately, all saccos are good so long as its registered with SASRA the body that regulates sacco.
Hazina Sacco is good. Also check legit saccos registered by SASRA.
I also Inquiring on the best performing Saccos
How do we beat inflation? And what is the normal return on investment on any given investment?
Thanks Susan i leaned about you in Lynn UA-cam
Makes me almost want to cry😢
Could you do a video about REITS as a form of investment
Thank you coach
Wow my to take home.
Share capital and Deposits.
Most of us do not know this.
Thankyou for the great piece
What about prime account
would one rather have a life assurance policy or invest in the money market
Very informative.
Wonderful
Thanks Susan I need you help me but infrastructural bonds that are tax free please I don't know
I love financial literacy and one day my dream is to meet you. And ask more questions about investments
My friday finance date on a beautiful sunday
Thank you for this lesson coach. I just have a few questions. Do deposit account earn you some interest before you request for a loan. Also do guarantee s deposits determine if the sacco is going to give you a loan (even the amount of loan your requested)
Woow... thanks....
Hi Coach Susan. Kindly could you talk about REITS as an investment.
Thank you.
Super -Enrinching
Here, saving with stimma Sacco
My sacco uses deposits to give dividends and loans, share Capital only remains constant
Thanks for the information, now my question is, how would you advise, to save his money, for a person staying overseas??
Great information, Kindly advise me on the best Sacco I can invest in .
Why do saccos put a limit to the number of shares you should own but at the same time encourage you to put more than the setup limit?
Which sacco can one self guarantee ?
Which is the best convenient Sacco for a new member to jion
Asking the same am interested
Only join a sacco you will have access to guarantors easily
Good education
But i also think you can get a loan as well from share capital
Very nice
Which is the best Sacco to operate with
Came here from Lnn coz I wanted to learn
Insightful
watching this when am about to exit one of my sacco and just learnt about share capital thats another headache
Get someone in the Sacco and transfer your shares to them
Kindly help me how I can join money market fund i want to start saving there
Hello, Do you earn divindeds from deposit account in the sacco? or only on the share capital?