COMPOUND INTEREST EXPLAINED! | 1 MILLION EMERGENCY FUND CHALLENGE | BEST MONEY MARKET FUND IN KENYA
An update about our 2024’s 1 MILLION 🚨 EMERGENCY FUND 🚨CHALLENGE!
•How much have you invested so far?
•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
💡 A Money Market Fund is a form of Unit Trust where investors like you and I pool our funds and give it to a professional money manager who invests it on our behalf.
Think of it as yourself, Mary, Alex, James, Carole, Charles, Doreen, John and Edith contributing money to one account and then giving it to a professional money manager to invest it on your behalf. That’s basically what a Money Market Fund is!
💡 The professional fund manager invests the money you put in Money Market Funds (MMFs) in different asset classes.
MMFs predominantly invest in 3 asset classes commonly called Money Market Instruments. These are:
☑️ Commercial paper - issued by corporations to finance their short-term cash flow needs.
☑️ Treasury bills - when the government borrows money from the public.
☑️ Fixed deposits - deposits in commercial banks.
These 3 are short-term investment instruments.
💡 MMFs in Kenya are regulated by the Capital Markets Authority.
💡 Why should you Invest in a Money Market Fund?!
It's a LOW-RISK investment, making it a safe investment for a beginner or anyone who doesn’t want to have sleepless nights thinking about losing their investment.
I guess that includes all of us?
Money Market Funds do not require a lot of money to start. With as low as Kshs 2,500 you can begin your journey to becoming an 🚨emergency fund 🚨millionaire!
💡 How can you get started with the challenge?
☑️ Use this link to submit your application for an MMF account: 👉🏽 invest.sanlameastafrica.com/on-boarding?agent=02611
☑️ Decide how much you’ll invest
☑️ I’ll keep you accountable!
When I help you set up an account, I’ll add your email to my newsletter where I’ll send you reminders to help you stay committed to the millionaire life 🤑
END
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Sub Count: 13.2K
Пікірлер: 114
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
2 ай бұрын
That’s my plan as soon as i hit 1 mil i push it to bonds
@thomasorungo6898
2 ай бұрын
@@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
2 ай бұрын
Good suggestion!!! 💪🏾
@TheWealthTribe
2 ай бұрын
@@lucy1657 👏🏾
"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 :)
@TheWealthTribe
2 ай бұрын
💯 👏 👏 👏 👏
This financial excerpt is highly appreciated.
@TheWealthTribe
2 ай бұрын
Thank you!
Slow and steady wins the race
@TheWealthTribe
2 ай бұрын
💯
Those who say 73k after 1 year is too low fail to understand that you don’t start with 1 million in January
@TheWealthTribe
2 ай бұрын
EXACTLY!!!!! 👏🏾👏🏾
@mosesnjoroge4797
2 ай бұрын
They also forget that year 2 will be very different.
What about 5k every month for 12rs
Good breakdown. Next time kindly include the management fee so we have a clear picture of the returns
@TheWealthTribe
2 ай бұрын
The 15.34% is net of management fees.
Hello Agatha, thank you for the wealth knowledge. For the next video, I suggest you compare and contrast simple interest and compound interest.
@TheWealthTribe
2 ай бұрын
Great suggestion! I will
Each time I hear of Sanlam, I remember how they corned me. Is there any other MMF I can venture @Agtha?
@JacintaMurugi
Ай бұрын
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
@nyakeirurajob77
Ай бұрын
@@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
5 күн бұрын
Jesus I wanted to as well, can you do something for icea
@karynasta6447
4 күн бұрын
There's CIC
💯
@TheWealthTribe
2 ай бұрын
💪🏾
Very helpful Agatha.
@TheWealthTribe
2 ай бұрын
I'm glad!! 😀
Thanks
@TheWealthTribe
2 ай бұрын
Welcome!
mmf
MMF
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
Someone advise me to join etica mmf,is it advisable or which one is good to start with
@MURENDEKAI
Ай бұрын
Your late my Fred. Etica, cytonn 👍🏼
What if i invest 2million ksh with a top up of 20,000 ksh ,what will be my totals in 5 yrs time?
@TheWealthTribe
2 ай бұрын
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
Ай бұрын
@@TheWealthTribe wow thanks
MMF Fund
@TheWealthTribe
Ай бұрын
Use this link to submit your application 👉🏽 bit.ly/InvestSUT
What if you just make a 1M deposit once and wait for end of year?? Will it still be 73k
@bollboy3553
2 ай бұрын
Nop... But it will 11k per month without top ups in the year
@TheWealthTribe
Ай бұрын
👍🏽
@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
Ай бұрын
Whaat I thought Muslims don't do so
@shirumary1322
20 күн бұрын
Sorry about your loss Where exactly did you lose your money?
So the interest is earned daily or monthly?
@TheWealthTribe
2 ай бұрын
Daily and credited to your account monthly.
@1m.1
Ай бұрын
@@TheWealthTribe I tried to open online but I was unable
Hello,,where can I find you?
@TheWealthTribe
2 ай бұрын
What kind of help do you need?
Mmf. Is possible if you're out of the country? Help
@TheWealthTribe
20 күн бұрын
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
Mmf
@TheWealthTribe
Ай бұрын
Submit your application using this link 👉🏽 bit.ly/InvestSUT
Good information i would like to do the challenge although i dont an MMF. Could u plz help me to open one? Regards
@TheWealthTribe
2 ай бұрын
Sure! Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611
@virginianjenga4358
2 ай бұрын
@@TheWealthTribe Thanks for responding is this MMF also for diasporians?
@jamwah6420
Ай бұрын
Hey Agatha must it be sanlam.@@TheWealthTribe
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
Күн бұрын
Is it wise to put 1 million in a money market fund?
How can i invest in mmf and tbill from the diaspora?
@TheWealthTribe
2 ай бұрын
Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611
I see no management fee being featured anywhere
@TheWealthTribe
Ай бұрын
The return is net of management fees.
Hi Agatha, please share the Excel sheet. Thank you in advance
MMF
@TheWealthTribe
Ай бұрын
Apply online using this link 👉🏽 bit.ly/InvestSUT
mmf
@TheWealthTribe
2 ай бұрын
Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611
Mmf
@TheWealthTribe
2 ай бұрын
Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611
Mmf
@TheWealthTribe
2 ай бұрын
Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611
Mmf
@TheWealthTribe
2 ай бұрын
Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611
Mmf
@TheWealthTribe
2 ай бұрын
Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611
Mmf
@TheWealthTribe
2 ай бұрын
Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611
mmf
@TheWealthTribe
2 ай бұрын
Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611
mmf
@TheWealthTribe
2 ай бұрын
Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611
Mmf
@TheWealthTribe
Ай бұрын
Use this link to submit your application 👉🏽 bit.ly/InvestSUT
MMF
@TheWealthTribe
2 ай бұрын
Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611
mmf
@TheWealthTribe
Ай бұрын
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
MMF
@TheWealthTribe
2 ай бұрын
Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611
MMF
@TheWealthTribe
2 ай бұрын
Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611
MMF
@TheWealthTribe
2 ай бұрын
Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611
MMF
@TheWealthTribe
2 ай бұрын
Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611
MMF
@TheWealthTribe
2 ай бұрын
Click this link to apply for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611
MMF
@TheWealthTribe
Ай бұрын
Apply online using this link 👉🏽 bit.ly/InvestSUT
MMF
@TheWealthTribe
2 ай бұрын
Use this link to submit your application for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611
MMF
@TheWealthTribe
Ай бұрын
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
MMF
@TheWealthTribe
2 ай бұрын
Use this link to submit your application for a Sanlam Money Market Fund account 👉🏽👉🏽invest.sanlameastafrica.com/on-boarding?agent=02611