HOW SIMPLIFYING YOUR FINANCES WILL HELP YOU SUCCEED AT MONEY || A PROVEN STRATEGY

A complicated and intricate personal finance systems is not a guarantee that you will succeed in your finances. As a matter of fact, one of the surest ways to fail is to have a complicated financial system.
Always fight for simplicity in your financial system because that's what is sustainable in the long-term. And in today's episode, I am teaching you exactly how to do that.
Enjoy!
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Music: A Perfect Morning with Coffe 🎵 No Copyright Lofi Beats To Relax / Study To 🎵 Lofi Mix 20

[@maggiemungai2540]

It's unfortunate and or fortunate how nowadays I don't find time for Lynn's episodes since she introduced me to Susan Wanjiku. Suzzy coach you're up on this game, May Jehovah expand you. Amen

[@j9_njoroge]

Legacy Hub is a perfect name for your business cause it relates to your KZbin content, you're building a legacy with your content. 👏🏽👏🏽👏🏽

[@susan.wanjiku_]

Totally 💯 Asante.

[@annchelangat3865]

Information to kill for,your videos always have something new to learn from,i wish you good health,blessings as you continue to educate us.Friday isn't complete without watching one of your videos.

[@susan.wanjiku_]

You are so so kind, you made me smile just from reading this. Thank you so much ❤️

[@bessynjagi3826]

How i wish i met you before I sink into debt as i am in now 😢

[@razoajewelsb]

It's not too late. You didn't know then. But now you know. It's time to start again.

[@user-gh2pd7qc5y]

This information is gold to me. I thank God I found you in this age of my life.

[@terrynjoki3086]

She is a good teacher am enjoying listening to her everyday 💕

[@bettymwebaza4904]

Thank you Coach Susan, after listening to your videos, I've implemented what you have advised us to do, one A/C, an Emergency Fund and a sinking Fund. Currently I'm working on growing my emergency and Sinking fund accounts to the level I desire.

[@johnammwarigha8874]

Depending on your goals you can have more than five accounts

[@carlistuscarlis7323]

Thank you coach Susan! Budget tracker has really work for

[@NatabonaInspired]

Thank you for this.

[@audreyyvonne9988]

Thank you.i am following the method asap

[@demanhassan4953]

I am in love with your content

[@derrickirimi9343]

Thanks my coach

[@juliuskarugu4484]

Very well understood and I will put into practice from today

[@kap849]

Quite timely. I'm trying to simplify my finances this year! Thank you so much 👍🏽.

[@rufusmurithi9597]

Great content 👍. Good job 👏

[@SarahNamu-lh9qh]

Thanks so much coz u havereally helped me indeed please be blessed dear

[@sharonadhiambo5994]

Thanks alot Coach Susan. Stay blessed 🙏

[@susan.wanjiku_]

Amen! Thank you 🙏🏽

[@karenmuka2059]

Great insights Coach. You have broken it down very well. Sustainability is key. Thank you as always.

[@princessbetty7451]

From Lynn to Suzie. You are doing quite a good job

[@zachariamwangi8824]

Superb presentations you got. Lynn Ngugi did good to have me meeting you, you've really opened my eyes in terms of investments. 🎉🤗🙏

[@beatrice8342]

Great info. Thanks Susan

[@susan.wanjiku_]

You are much welcome.

[@Carolyne-my2st]

New subscriber....I do understand you very easily, especially when it comes to MMF from previous videos ❤

[@TerryMichuki]

I LOVE watching you coach Susan. You are a gem! bless you ❤

[@susan.wanjiku_]

Aw shucks! You are too kind. Thank you so much!

[@evanswanyanga9648]

Wow ! such an eye opener

[@susan.wanjiku_]

Glad you found it helpful.

[@charitywanjiku9805]

This is so informative and easy to implement. Thank you, Susan!

[@susan.wanjiku_]

Glad you found it useful. Also, thanks for the feedback, i really appreciate it. 🙏🏽

[@veronicandakolute3489]

Thank you, Coach Susan, for the teaching. Sending you light and smiles from Namibia.

[@susan.wanjiku_]

Awww! Thank you! ❤️

[@veterangeneral7998]

Wow I like this. Hongera Susan am learning a lot from your channel. My catch phrase "somebody's emergency is not my emergency" I totally agree with this.

[@susan.wanjiku_]

💯💯

[@waihurasly]

Thanks for this 👏❤️

[@susan.wanjiku_]

Much welcome :)

[@mbakayaw6124]

good insights always, just on editing at 18:14 the last one investment for the long term still shows medium term, just a spec, but i love the simplicity

[@user-hu9rc2si8c]

I'm glad l found your channel... it's so informative and you simplify things for us...with you one does not need an accounting background...it really used to bother me when people used to say that you need an emergency fund equivalent to your 6 months expenses and then l used to wonder how one can raise such an amount within a short period of time but the way you explained it that it's a medium term investment...it's just mind blowing..thank you so much..l'm watching all the way from Zimbabwe....if l want to purchase the budgeting spreadsheet how do l go about it

[@catherineruthwasswabarasa5600]

Really informative

[@susan.wanjiku_]

Thank you.

[@marthaiha]

Thank you coach may God bless

[@susan.wanjiku_]

Amen!

[@susan.wanjiku_]

Amen!

[@cheropjeruto]

this video has simplified finances for me for sure

[@susan.wanjiku_]

That was the goal! I am glad to read this feedback. 🙏🏽

[@Conniebarnnes8376]

So informative am honestly unlearning alot of financial beliefs that I have held for such a long time. Thank you Coach Susan ❤

[@susan.wanjiku_]

I am so happy to read this, that's the whole point of doing what I do. Glad to have you here!

[@wambugujames5556]

Great content kama kawaida. Thanks

[@susan.wanjiku_]

Asante sana 🙏🏽

[@walterkahi4959]

I want to pay you a visit in april, we have a one on one discussion, never mind consultation fees.. I need the knowledge for my personal improvement and planking

[@priscillambae7261]

Thank you coach Susan. I have learnt so much from you and you've definitely made me a better investor.

[@susan.wanjiku_]

Yaaaaiy! So glad to read this. 🙏🏽

[@mutaicherobon6550]

Week dose❤❤ Thanks Susan

[@dorahmulinge3800]

Chumz does it for my singing fund Great content as always Coach Susan

[@Belindah2018]

Ikona interest

[@dorahmulinge3800]

@@Belindah2018 very minimal, which makes sense coz ni savings account of sort

[@maryrics2020]

Hi Susan ,a very very kind request would you please do a video guide us through how to go about opening an account with CBK on the DHOWcSD please especially on a personal account 🙏

[@RwinusRecipes_Lifestyle1]

Suzie, I just wonna thank you for the amazing information you feed us with. It's always a pleasure listening to you. I always look forward to financial Fridays. Be blessed.

[@susan.wanjiku_]

Amen, thank you so much 🙏🏽

[@ef1569]

​@susan.wanjiku_ For beginners..help us how to open this accounts from banks or where?

[@luckyaroyewun8146]

Thank you ma.

[@MarianaTok]

Hi coach, I love the idea of saving for different projects for different periods of time. The problem I have is that I don't have a monthly income. Not saying that I don't get money. I tend to get alot of money once in 3-4 months period. How can you advise me to set up for this goals?

[@lfleureallick8795]

i enjoyed your video recently found your channel about 1or 2 days ago, i still could not understand the form used to calculate the amounts for the monthly value, please show those values used please

[@beryladhiambo3631]

Hy gal .. good advice.. which is the best money market fund for emergency

[@MiaAnena22]

Any examples of where to invest in retirement

[@komen_king]

👍

[@petermutuuri196]

i request a financial counseling ASAP, so bad financial health and huge loans

[@susan.wanjiku_]

Feel free to book for s consultation session on this link: thelegacyhub.co.ke/pick-my-brain/

[@ari_kim_jane2939]

Could you please make a video for a list of things that pass to withdraw from emergency fund

[@susan.wanjiku_]

Loss of a job or source of income Sudden illness (either you or a close family member) Car breakdowns when you didn't have a sinking fund for your car Home repairs, say, your sink pipe bursts and it needs fixing Generally, emergencies that need attending, that you could not have anticipated or planned for.

[@teresapaul8318]

Is mshwari a good way of putting an emergency fund?

[@Hamya-636]

learnt new term, sinking fund

[@jessekaylab6188]

can i open a money market fund for retirement?

[@estherwamuyu2431]

Can i save money for building in mmf or it is in long term market fund

[@noriem4244]

Hi Susan. I noticed the Legacy budget tracker i have is a tad different from the one you showed in this video and i was wondering if it there was a new version.

[@susan.wanjiku_]

Hello it’s actually the same one. Which parts did you feel are different exactly?

[@kogigrace]

1st of all thank you so much bcoz your content is always very enlightening and now to my question can we therefore say a sinking fund=personal projects fund?

[@susan.wanjiku_]

Absolutely. A sinking fund, simply put, is a goal-based savings account. So you can save up for personal projects as you've rightly put it.

[@kogigrace]

@@susan.wanjiku_ nice thanks

[@monicahmbugua2451]

I like the simplicity 😢 Woi talk about idle land am about to buy land 😢😢😢 fear of unknown

[@esterfrank318]

A quick question what if ur a business owner u'll need two emergency funds. how do you set ur goals? creating that since its not like you have a salary.

[@susan.wanjiku_]

The same concept applies, only that you will have two different accounts. One for the business and another one for your personal finances. Paying yourself a salary from your business is actually very possible. As you plan for the business expenses, you can decide which how much you would want to start paying yourself and build up that amount as your business income keeps growing. I always encourage putting yourself on a salary from your business, to avoid randomly taking business money for personal spending.

[@hellennjugi2068]

Hi Coach Susan. How can one automate their money market accounts?

[@susan.wanjiku_]

By putting a standing order with your bank that an "X" amount of money to be deducted every month from your account, and sent to your MMF bank account.

[@user-ly9sy4ec7i]

Amazing coach Susan. How can one reach you? Thanks

[@susan.wanjiku_]

[e-mail]

[@cheropjeruto]

there is a close to 2 billion dollar eurobond that is out kindly elaborate more on it

[@sam_orville]

Hello,where can you place a sacco in this simplified finance strategy.Just give an example if it were you. Thank you.

[@susan.wanjiku_]

I would place a Sacco at Medium-Term, because they are best used to raise savings for the purpose of credit facilities eventually. That usually takes more than one or two years. Saccos are best used for getting credit facilities to finance capital intensive projects like home ownerrship for example.

[@sam_orville]

Thank you so much Coach

[@Jen-qs6md]

Hi Coach.. You spoke about a dollar bond... Where can i get one?

[@lucynderitu7735]

Curious about that too

[@roxinnjeru5837]

Me too i'm curious about it.

[@noriem4244]

CIC has one

[@wendyakumu123]

Absa Bank has one as well

[@susan.wanjiku_]

Sanlam & Nabo Capital have a dollar fixed income fund, also referred to sometimes as "bond funds". Please look them up and ensure that you do your due diligence on the same and understand the risks involved in such an investment.

[@erickowino6745]

Where do Sacco's fall to?

[@susan.wanjiku_]

I would place a Sacco at Medium-Term, because they are best used to raise savings for the purpose of credit facilities eventually. That usually takes more than one or two years. Saccos are best used for getting credit facilities to finance capital intensive projects like home ownership for example.

[@ruthrono5482]

where do saving in a sacco fall in this case?

[@susan.wanjiku_]

I would place a Sacco at Medium-Term, because they are best used to raise savings for the purpose of credit facilities eventually. That usually takes more than one or two years. Saccos are best used for getting credit facilities to finance capital intensive projects like home ownership for example.

[@ruthrono5482]

@@susan.wanjiku_ thanks for the clarification

[@marenvallen353]

Oooooh, so that's what we call a sinking fund 😅😅😅 I think my m-shwari has been my sinking fund acc for the longest time. I never thought this could earn me more intrest when put in MMF

[@susan.wanjiku_]

See? It's never that complicated. Some personal finance concepts are so simple, only that we use finance jargon to explain them. I am glad to have simplified them for you.

[@judynkatha1998]

Where can I have money market funds?

[@judynkatha1998]

I mean invest in money market funds? Do banks offer money markets?

[@eulermuli4296]

​@judynkatha1998 yes, they do