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/o...
💡 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/o...
☑️ 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

[@thomasorungo6898]

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]

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

[@thomasorungo6898]

@@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]

Good suggestion!!! 💪🏾

[@TheWealthTribe]

@@lucy1657 👏🏾

[@sammypeter707]

"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]

💯 👏 👏 👏 👏

[@anthonywachiragatimu1224]

This financial excerpt is highly appreciated.

[@TheWealthTribe]

Thank you!

[@Justchilling8261]

Slow and steady wins the race

[@TheWealthTribe]

💯

[@user-gf8vg1lw7z]

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

[@TheWealthTribe]

Great suggestion! I will

[@trueteller7384]

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

[@TheWealthTribe]

The 15.34% is net of management fees.

[@OscarMitalo]

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

[@TheWealthTribe]

EXACTLY!!!!! 👏🏾👏🏾

[@mosesnjoroge4797]

They also forget that year 2 will be very different.

[@jacintawakahora9509]

Very helpful Agatha.

[@TheWealthTribe]

I'm glad!! 😀

[@nyakeirurajob77]

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

[@JacintaMurugi]

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]

@@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]

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

[@karynasta6447]

There's CIC

[@sharonkipchumba535]

What about 5k every month for 12rs

[@user-oh1hl2tc2w]

Thanks

[@TheWealthTribe]

Welcome!

[@dymesk650]

💯

[@TheWealthTribe]

💪🏾

[@Kamal00684]

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

[@MURENDEKAI]

Your late my Fred. Etica, cytonn 👍🏼

[@cliffongeri4236]

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]

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]

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

[@DavidMurimi-yu2rf]

MMF

[@TheWealthTribe]

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

[@man19881000]

mmf

[@jothamngugi788]

MMF Fund

[@TheWealthTribe]

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

[@1m.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]

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]

@@TheWealthTribe wow thanks

[@frimaxschu6903]

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

[@TheWealthTribe]

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 [e-mail]

[@virginianjenga4358]

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

[@TheWealthTribe]

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

[@virginianjenga4358]

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

[@jamwah6420]

Hey Agatha must it be sanlam.​@@TheWealthTribe

[@brigadiersikampa]

Mmf

[@TheWealthTribe]

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

[@ichooseviolence2532]

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

[@bollboy3553]

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

[@TheWealthTribe]

👍🏽

[@oumavictor-vb4ff]

Hello,,where can I find you?

[@TheWealthTribe]

What kind of help do you need?

[@1m.1]

So the interest is earned daily or monthly?

[@TheWealthTribe]

Daily and credited to your account monthly.

[@1m.1]

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

[@alexmuhenge9163]

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

[@nyakeirurajob77]

@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]

Whaat I thought Muslims don't do so

[@shirumary1322]

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

[@johnmwanzia8452]

I see no management fee being featured anywhere

[@TheWealthTribe]

The return is net of management fees.

[@ronnieokello2580]

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

[@TheWealthTribe]

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

[@ephraimouma6835]

MMF

[@user-oh1hl2tc2w]

Mmf

[@TheWealthTribe]

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

[@nelsonmoturi6177]

mmf

[@TheWealthTribe]

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

[@gechtv580]

Mmf

[@TheWealthTribe]

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

[@bonitaakoth1450]

Mmf

[@TheWealthTribe]

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

[@mutheejoshuai2523]

Mmf

[@TheWealthTribe]

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

[@catherinewahome9972]

Mmf

[@TheWealthTribe]

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

[@MrNekkam]

MMF

[@TheWealthTribe]

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

[@mbaabudan]

MMF

[@TheWealthTribe]

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

[@muleijoh6001]

mmf

[@TheWealthTribe]

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

[@nyakundipatrick2708]

mmf

[@TheWealthTribe]

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

[@Joy_4_potatoes]

Mmf

[@TheWealthTribe]

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

[@cypriankerongo7524]

MMF

[@TheWealthTribe]

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

[@josephinewairimu762]

MMF

[@TheWealthTribe]

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

[@palpur12345]

mmf

[@TheWealthTribe]

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

[@patrickkabugi6874]

MMF

[@TheWealthTribe]

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

[@gmasese]

MMF

[@TheWealthTribe]

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

[@wildflower3763]

MMF

[@TheWealthTribe]

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

[@SuzanOsindo]

MMF

[@TheWealthTribe]

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

[@abdallahkweyu7277]

MMF

[@TheWealthTribe]

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

[@samchege6356]

MMF

[@TheWealthTribe]

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