I DON'T PAY RENT!. I DID THIS! & you CAN DO IT TOO.

You can actually hack paying of rent by doing this!.
Contact: [phone]
Email: [e-mail]

[@goodjoseph220]

evopolls.com/polls/RECZKC Click the link to vote me as the financial coach of the year!

[@njunjiedwin7343]

Voted & congratulations Joseph! Continue sharing the wisdom that's never gotten from school.

[@nickgtomic8447]

You are super genius on matters finance!

[@goodjoseph220]

@@nickgtomic8447 it's by the Grace of GOD

[@goodjoseph220]

I meant the 130k per year not a month. A little glitch there.

[@goodjoseph220]

​@@njunjiedwin7343thank you very much

[@piusthuo5353]

Every morning listening and learning daily to this genius

[@MirriamSofe-yj9pq]

Hi GJ today I joined as viewer 262 simply because I had gone to church very early.Thanks for you're informative,highly appreciated financial services❤❤❤South African citizen

[@goodjoseph220]

Church is also important and necessary

[@helekiahonyango1197]

Thank you Good Joseph, to me it started as theory, now am on my way to a million in investments... and I never worry abt finances coz am now financially literate 👏

[@goodjoseph220]

@@helekiahonyango1197 oh, that's great. Glory to God

[@Janice-sd7hl]

Thanks for enlightenment,we are baby stepping too .more grace to yu

[@evansmwangi1880]

These is the best advise. I will follow it 100%

[@AlfredAthumani-gh8vv]

My God, this is amazing i must try. Thanks good Joseph

[@beatriceogola6363]

Thank you Sir watching from Saudi Arabia this is encouraging ❤

[@obierobyron4119]

Awesome and awakening knowledge for one desiring growth

[@abelnoowe5918]

Watching from Uganda as always..

[@teresawanja4176]

Today i have learned the best lesson in my life be blessed Joseph

[@lemartip]

...."for those who know me, know what i'm talking about'....🤣 ~Good Joseph

[@macharia4793]

MMFs earn interest PER YEAR. So divide that 130k by 12 to get monthly interest.

[@vowuor]

HE did. HE initially mis-spoke but the calculations he does are right.

[@Invible943]

Not all of them some even calculate and give the interest on daily basis! So it can be few shillings based on the amount you invested. Some Mmf do daily… its called the power of compounding😊

[@estherngethe8710]

At the end of the day mmf have low returns.

[@Invible943]

@@estherngethe8710not necessary it depends…on the way you doing it and which mmf if you have those compounding the interest then surely you get more than fixed bonds... THE POWER OF COMPOUNDING..

[@Fordolskey]

Very knowledgeable 🎉

[@Humblequeen-m5c]

It is what it is 🤷🏾‍♀️ thank you Good Joe

[@PascalMakewa]

Following you I'm now learning

[@johnsonmbaruku]

Good work Joseph

[@paulineoiva8543]

All the way From Namibia. Thank you

[@djvoicy1653]

MMF is 🎉 the best way to fund lifestyle

[@kefini_wa_Muthoni]

Ideally MMFs will double whatever amount you invest between the 5th and 6th year depending on the MMF's annual interest ~Best is MMFs with 16% p.a interest. Now the "absolute best" Money starts coming in from the 6th year

[@lynnahotieno705]

Thanks Joseph! Your videos are very practical. Kudos

[@mercunganga9448]

Good joseph your doing a gd job surery

[@DavidKamura-pn4vw]

God bless you Man

[@AmoahAlengdikedaniel]

Watching you from Ghana

[@victormutiso5982]

Its good to know that you have more than a million liquid cash right now,you are good company

[@DKtheurbanvillager]

Buy 1.5m land 5 years later at the same price? Delayed gratification, accumulated appreciation and inflation rates... I am not paying rent but when I used to I paid from my salary. Paying is paying regardless of where the funds are coming from... Honestly sometimes its hard to follow these principles!

[@estherngethe8710]

I also dont like how every investing he gives start with mmf

[@nakaimahellen2722]

Good advice sir thanks

[@kelvinwangechi2831]

Thanks Good Joseph for your financial literacy videos

[@AmoahAlengdikedaniel]

I love this one paa

[@BilhahChelagat-v1d]

its good advice but what about time value for money.if you didnt buy property now how much will it cost you to buy same property in future

[@brianpeter1849]

The problem here you assumed inflation rate,you may have 2.5m now but that can be equal 5m after 5years,means that what you were to buy with 2.5m that year after 5year it will cost 5m...now that what i call back to level zero 'money laundering' its hard to trick these system..you better buy land it will skyrocket.

[@thenorth2805]

Inflation in Kenya typically ranges between 4-7%. As long as you invest in a product that yields above the inflation rate, you’re in a good position. Additionally, unless the land is in a highly strategic location experiencing significant infrastructural upgrades, its appreciation will likely be between 5-10%. Therefore, it’s essential to ensure your money grows at a higher rate. As Joseph mentioned, most Money Market Funds (MMFs) in Kenya currently offer returns that exceed both land appreciation rates and inflation.

[@tolajectone6332]

I agree 100% coz the world is moving so fast that investment options and dynamics are equally changing to new better ways like the MMM of course prone to risks.More virtual, with higher risks but a times one may make a fortune.Thanks.

[@montemaurice2271]

@@tolajectone6332 but on the verge of opportunity cost he wins, even with the inflation rate at the time he will not struggle coz the investment plough back will have cushioned him.

[@KimSimiyu]

Good content bro

[@Andrew_Mwinga]

Good maths but when writing. The ground is different. as one can lose money in an MMF through market risks

[@goodjoseph220]

@@Andrew_Mwinga don't invest then

[@davekabera5958]

@@goodjoseph220 😂😂

[@cyprianngaira8228]

Great idea.

[@brianbacil3569]

Awinjo👍

[@mercunganga9448]

I have been folwing you.

[@loisewainaina9831]

Funny thing 😂😂 on point

[@MissKiarie-or3bj]

Hehe did you like the video 😅... Cammon hit that like button 😂... En i did smilling ❤

[@goodjoseph220]

😅

[@evakawira4401]

Exactly what I did. Such a genius 😂

[@epicnbke]

Same case😂

[@EricohBaba]

Good lessons 👍

[@wickliffeowuor9847]

Congratulations

[@hellenkirema7757]

Please always advise on hidden taxes in mmf and all investments.

[@wanderinderituh459]

I still don't know why they don't tell people about mmf taxes and fund manager fees

[@MwaiTheFarmGuy]

@@wanderinderituh459 he talks of what you get after the deductions of all the above. He talks of profit alone. I have a money market fund account, so I am speaking from experience

[@eugenewaluvengo8756]

Tax on MMF interest is 15 percent (withholding tax). Most fund managers charge 1.5 to 2 percent management fee per year (percentage of assets under management). Joseph is right about MMF being one of the best investment options.

[@wealthwise247]

Hidden Taxes? What do you mean by hidden tax? The amounts credited to your account are net of tax (15%) and that's the final tax. MMF tax is 15% T bills 15% Fxb 15% or 10% IFB Nil.

[@MorganNanjero]

Fault finders will even find Faults in paradise.

[@hellenskitchen]

Interesting.. Good to know, thanks GJ for sharing the knowledge.

[@stellakathure-k2h]

Good content.

[@bonifacemusotsi1875]

Thank you so much Sir

[@njerinjernjerinjer4970]

Tell us about mansa-x

[@ycul5070]

Good joseph,how about inflation and cost of construction going up...

[@danwaweru5732]

Five years later properties that were 1 million will probably be 1.5-2m

[@ycul5070]

Sure...the land will appreciate..so it will cost at a higher rate,plus the cost of construction will go up....

[@Evangelistdansonmwangi]

I like this

[@tilttrader]

Thanks for the video

[@EdigahOmondi-xw6ox]

Thanks for that ideas

[@freddiethecomediantv.1467]

Sema igweeee

[@agabacalvin3820]

Thank you sir.

[@adolphinechikwanine2958]

M your tiktok follower

[@nimok6098]

Thanks Joseph, could you share with me some of the high performing MMF?

[@cheleleshadrachpkemoi7320]

Very impressive

[@SimonOnyango-t4r]

The land that you were to buy at 1million now after 3 or 4 yrs will be 1.5 or even 2 million and still far from town. Land and even the cost of construction materials appreciate each year. So you will still be moving in circles. Thank me later.

[@vincentochieng-h5x]

There is no MMF that earns interest per month, its annual and the best you can get is about 14% per year

[@MungaiFacebook]

You can alternatively date or marry a Kenyan lady 😅 Your problems breathes their last 🎉

[@briankyengomusyoki]

Just did with a smile

[@tripplem8188]

nice idea

[@olandogeorge3001]

Thanks Joseph I need to open account please help me

[@kinotialex4694]

I like some of the videos. This one i will highly challenge. Someone took 34 years to get 2.5m. How long do you think they will take to accumulate another 2.5m..... before you are 40 play one game only. Doubling your money. Whoever gets more doubles in the shortest time possible wins

[@thef22raptor15]

What is the most trusted MMF in Kenya?

[@AnnNgigi-np3xu]

Which interest does it go buy compound or the other one . I joined recently

[@milliesigcsemathstuition6330]

Please buy a duster ..I am a teacher... 13:18

[@vowuor]

This approach does not allow you to capitalize on the appreciation of property, which can be up to 30%.

[@DigzGuy]

Huh? MMF percentage returns are on an annual basis. Not monthly...

[@ceciliakioria3357]

He needs to come back with clarification,

[@safari-grc]

Is that mmf percentage annual or monthly? Please give me examples of MMFs that give over 10% per month

[@awinolinet86]

It is annual. He admitted it was a slip of tongue.😊

[@abdiali224]

Good joseph MMF is not allowed in ma religion becouse of interest. Which other business one can embark on to profit

[@muyosuccesssecrets]

Bro I like the way you dramatize, have now liked the video I had already subscribed

[@teresawanja4176]

What's the difference between mmf and fixed account

[@MusauKikalya-b3m]

Hi good Joseph nikivote inaleta turelabs developers ni kweli niendelee kuvote🤷

[@MusauKikalya-b3m]

Please so that I can continue voting everyday,,, you have been my teacher for long, true is that umenitoa mbali hata kama unijui but elimu Yako I can't afford to pay,

[@marywairimu2184]

Yeah, vote

[@shirowapk]

Hi GJ (Good Joseph) Any updates in best MMF companies to invest in??

[@PeterGitau-d6k]

Wish to buy book on investment in stocks. What's the payment process

[@martinmaina22]

Hi Joseph, I got lost somewhere when you said 13k per month and not per annum

[@martinmaina22]

Sorry I mean 130k per month and not per year

[@msylvini]

​@@martinmaina22I love financial math so allow me to elaborate. The example comes from a 34 year old man with capital of 2 5 million so GJ suggested he put his money in an MMF which yields an interest of 13% per year. 2 500 000 x 13% = 325 000 subtract 15% withholding tax (325 000 x 15% = 48 750) subtract 2% management fee (2 500 000 x 2% = 50 000) You will clear 226 250 by the end of the year. On a monthly basis this works out to 18 854 which allows you to pay your rent of 13 500 per month with a remaining balance. Which answers the initial question posed in the title of the video. The building aspect he goes on to elaborate can work if you do not use the interest earned to pay rent but instead invest in materials and build your house over a period of 5 years. Bear in mind, the initial capital investment of 2.5 mil is held in an MMF account which you would use to buy land once you withdraw it.

[@marymuchiri5783]

Am watching from Us and i like ur advice Which is the company for Mmf.

[@josehnjosh1]

etica

[@EricStyno]

Good afternoon I'm in nigeria,please which mmf will you prescribe for me and how will I download

[@millivosswj]

I need personal information please

[@bringotv7453]

Hello GJ,,if I got a 1million cash an I get another million from a bank then put it into MMF as 2million,,, is that possible?

[@msylvini]

Are you taking 1 million from the bank as a loan or what? I'm trying to follow your train of thought

[@bringotv7453]

1 million from your pocket and another million from bank as a loan,,, making a total of 2 million into mmf

[@IvanIvan-r3v]

Mmf will give 13% interest rate profit. Bank loan interest rates are 17%. You lose you money

[@bringotv7453]

@@IvanIvan-r3v I get the sense

[@naffvitaltv3291]

Can i trust mmf? Good joseph

[@grandhustlerderro2277]

I beg to differ,13% of a Million will give u 130k per Annum not per Month check your Maths...

[@ritahchelungusi521]

Which MMF gives 13% a month

[@JohnNjiru-e9k]

Nice

[@farfrompowerless1]

Which legitimate MMF would you recommend ?

[@NocturnalLady-im6ps]

❤❤❤

[@FrankOtieno-fr8gi]

Is it per month or per year

[@wanderinderituh459]

Per year

[@emmanuelmutinda8715]

I also had that question

[@raymondsiso6460]

Discipline in saving is critical

[@TeresiahKamau-if4uq]

The problem is that some of us are outside county and we don't know how we can open this account

[@TeresiahKamau-if4uq]

Can we open the account in play store

[@awinolinet86]

This is really not a problem. I opened all my MMF accounts, I trade stocks, and have a dhow csd account to buy government bonds, all while abroad, and am still investing in them. Just do your due diligence, then decide which ones you want to invest with. Google how to do so online, submit your KYC details online and that is it. Then keep investing going forward! 😊

[@kenbensmediatv9537]

does mmf pay per month or is it annually?

[@wizyokfx]

Please, how do go about MMF in my country in Nigeria

[@andrewoche6576]

try FBN QUEST in Nigeria (subsidiary of first bank) or GTB Mutual fund, or Stanbic bank mutual fund. good luck

[@garettclement6671]

You have a good idea, but there are many inaccuracies. With such little money, no MM will give you 20% or anything above 12%. If you invest 1.5m Kes you'll make around 180k per YEAR and not the figures this dude is throwing around. MM is a decent investment instrument regardless

[@margaretmacharia7330]

What is mmf Can you elaborate please

[@jacintangima7584]

Money market fund

[@rosewahu2313]

Please how about chances of losing my money in mmf kindly 🙏

[@Timoh_G]

How can you really trust these MMFs to save in them for 30 yrs plus?

[@josephalando9296]

You can. And by the way times flies so fast. Before you know it the 30 years you are worried about will have elapsed while you are still analyzing. I first heard about and joined a MMF in 2008. That is 16 years!!!

[@danitodaboy6396]

I have no knowledge in MMF can you please tell me more about it

[@awinolinet86]

Just do a little search online and you will have all the info in no minute. Good luck 🤞

[@Geoffreys53]

I save money in our sacco,I have a total of 120k shares,what advice would give me if I decide to take a loan of 150k?

[@VictorMboya-z8o]

Where do money market funds get the money to pay you interest

[@awinolinet86]

They invest the pooled money in low-risk government bonds and treasury bills where they get the interest to share with you as their client.😊

[@hannahwangeci7898]

Please clarify, is interest given per month or yearly. Am in a Sacco and they give us on yearly basis. Advice appreciated. Am daily follower. Be blessed.

[@judynyakwama-cp7xb]

It's per year he made a mistake which he corrected later

[@africnationsproverbs]

@@judynyakwama-cp7xb I was to ask but i knew that it was a trivial and he corrected later.

[@favoured4605]

It's yearly. Monthly is a scam

[@judymungai26]

Yes it’s yearly

[@catherinewanjiku9800]

Are you guys members of any mmf??? I am a member of Old mutual and the interest is given monthly... Etica is monthly too. Do your research.

[@kamikariuki]

Wait a minute, you say that 1 Mike in a 13% mmf will give you 130k per month? Are you sure its not per year? 🤔

[@eklamwangi5125]

Per year

[@onsantee.7065]

Wondering the same!!

[@kamikariuki]

@eklamwangi5125 that's more like it, thanks

[@kamikariuki]

@onsantee.7065 haha ikr, it was a slip of the tongue I guess juu after listening to the full video I realized at some point he divided the amount by 12 to get the monthly return. So its per year

[@wealthwise247]

Slip of the tongue

[@jaynegithambo5508]

Which mmf give 17percent

[@ruthn9381]

Per month? I thought they offer percentage per yr? Please clarify.

[@stopmotionandgaming4877]

These MMF are risk free? On the flip side maybe price of rent, land and material increase during the 5years

[@Mike-k2xb]

It actually increases more than the mmf

[@wanderinderituh459]

Hakuna investment risk free

[@wealthwise247]

No. MMF is not risk free. They're low risk. Remember MMF invests in commercial papers too. Some invests in Banks (Imperial Bank ringing a bell).

[@DISHONOIGARA]

What if l have 10k, which business might l start with