S8:EP13 | Why Compounding Is Your Money's Best Friend | Rina Hicks & Pius Muchiri |

Contact Faida Investment Bank
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Call: ([phone]
E-mail: [e-mail]
oak.africa/
Head Office Address:
Crawford Business Park, State House Rd, Nairobi Kenya.
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Contact Nabo Capital
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Email: [e-mail]
nabocapital.com/
Head Office Address:
5th Floor, International House, Mama Ngina Street, Nairobi
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In this discussion on financial growth and wealth management, a powerful concept emerges: the danger of idle money. Many people hold money in places where it does not grow or generate returns, such as bank accounts, idle land, or even stagnant investments within Chamas (informal savings and investment groups). While these resources may offer a sense of security, they often remain untapped, failing to generate the cash flow needed for sustainable growth. The speakers stress the importance of putting money to work, moving it from a static position to one that aligns with the principles of currency and cash flow, much like a river that must flow to sustain life.
The conversation dives into examples of how idle money manifests, especially in bank accounts and land. In Kenya, trillions of shillings are held in bank deposits, sitting without multiplying, simply because people are more attached to seeing a large balance than understanding the value of cash flow. Similarly, investments in land often represent a stagnant asset, where individuals hold onto plots without plans to develop or earn from them. The idea of “multiplication” is introduced, emphasizing that money should be actively generating returns, not just parked for future use. By shifting from a mindset focused on saving for small expenses to one of generating impact, people can use money to solve larger societal problems while growing their wealth.
The discussion also highlights the role of Chamas in Kenya, acknowledging their potential for wealth-building if channeled correctly. Often, members contribute to a merry-go-round system, pooling money without a clear strategy for growth, leading to missed opportunities for investment. The speakers suggest that Chamas could link up with money market funds or similar financial products to ensure that contributions immediately start earning returns. This approach elevates the Chama’s purpose from simple pooling to actual capital growth, fostering a culture of financial discipline and setting a foundation for collective prosperity.
Lastly, the speakers bring attention to the concept of cash flow as a critical form of inheritance, alongside knowledge. Instead of leaving children with static assets like land, which may lack liquidity, parents should focus on generating a steady stream of income that can sustain future generations. Educating children about wealth management is equally important, enabling them to carry forward a legacy that isn’t just about maintaining assets but nurturing cash flows and the mindset to manage wealth effectively. This knowledge and cash flow inheritance is positioned as the most sustainable way to ensure generational wealth that aligns with individual missions and goals, creating a legacy that endures beyond material assets.

[@cta101]

Contact Faida Investment Bank WhatsApp: [phone] Call: ([phone] E-mail: [e-mail] oak.africa/ Head Office Address: Crawford Business Park, State House Rd, Nairobi Kenya. ----------------------------------------------------- Contact Nabo Capital Call: ([phone] Email: [e-mail] nabocapital.com/ Head Office Address: 5th Floor, International House, Mama Ngina Street, Nairobi ----------------------------------------------------- Thank you for your support by helping us create content. MPESA TILL (BUY GOODS) - 5236949 PAYPAL - [e-mail] CARD PAYMENTS - checkout.mookhpay.com/cta SEND WAVE - ([phone] Don't forget to SUBSCRIBE - bit.ly/SubscribeToCTA

[@BeatriceBodo]

Thank you Madam Rina and Mr Pius for highlighting the Time factor because patience is a problem with many

[@BISOBOKA50B]

I make money when in class, I make money when sleeping i make money when playing with my schoolmates. The amount I make is my business but I make money when doing nothing about it. Compound interest is power

[@billarigi2917]

Goodstuff there brother. Working to achieve this goal. Awesome

[@waihiga124]

🤯🤯🤯Holding idle resources (not just money) is wickedness. The piece of land lying idle somewhere, that equipment or machine you bought for a project but no longer use because interests shifted .... the list is endless.

[@chesteroyieke7246]

8th Wonder of the world. Amazing! Chester from Kenya.

[@bridgetsebolai6207]

Oh my goodness I need the Rina’s and Pius’s of South Africa ASAP I am running out of time. I need to start now, so if I can’t invest in Nabo Kenya as a South African can I approach my bank for such financial service I must stop this wickedness of not multiplying properly. However in my earlier years I invested in properties and I was hoping to hear if that’s a wicked thing to do or the children will come slowly because I am interested in having many children, grandchildren and great grandchildren 🤔🙇🏽‍♀️😅❤

[@wambuikimani9652]

Just joined chumz and it's easy to deposit ooooh my am glad

[@milkahachar1794]

Can we also say that it depends with one's need for a comfortable life, personally I won't take a matatu for 35 years so I can buy a car in my 50s or 60s.However saving is great,but I prefer balancing both.

[@margaretmbae1928]

I wish this guy Rina talks about could be interviewed on this forum.Otherwise great helpful conversation 🎉

[@cta101]

She interviewed him. Check it out on her channel here - kzbin.info/www/bejne/hqq4iKx4hNxkoLc

[@milkahachar1794]

The background is beautiful,wow....makes you want to listen more❤.

[@evelinewangui5225]

Taking notes and enjoying the class

[@terrynjoki3086]

The power of Compound interest

[@MercyMuthee-hq5ik]

Hi.Rina and. Pius which is the best money market fund?

[@terrynjoki3086]

Idle money is a crime in a journey of creating wealth

[@BISOBOKA50B]

This is one of my most out standing wealth secrets learnt in the week.Thanks Terry

[@BeatriceBodo]

So so interesting

[@jobkamau2915]

kumbe i've been a wicked steward. I repent. no idle money around me any more

[@gladysrichter5422]

How long can I invest in money market. Gives a time limit?

[@Tamarrind97]

Can someone exit Sacco and open a.Nabo account? Got millions saved up in a Sacco. All we get is a bonus once a year.😢

[@jackymwangi2982]

Teke teke

[@SPONSOREDByGRACE]

Wow I have to reread this book 📚 the richest man of Babylon 😂nilikuwa 😂 it's interesting on how they are breaking it down 😊

[@tabbykaranja7745]

Pls advice is this thing only for young people. If I am 56 and I can afford to safe 300k a month. Is it viable

[@billarigi2917]

With this kind of amount just call n seek appointment with Rina or Pius office n have a sit down with them. I believe investment doesnt come with age. Let nothing stop you

[@maureenauma7397]

Rina do you attend dciu,you look familiar

[@paul_kariuki]

I had to do the math myself..I mean, doubled the cent till the 30th day. Lord!

[@paul_kariuki]

I feel like repenting

[@BISOBOKA50B]

😂😂😂 go a head brother. Then start on the fresh page 😂😂 we have great wealth teachers here

[@SPONSOREDByGRACE]

It's not too late

[@mburulucky9580]

For example, say you have $10,000, every year you put aside another $10,000, and you average a 6 percent return on your investment. In 32.5 years, your savings will total $1 million. (Lining up nicely, albeit coincidentally, with Corley’s findings.)

[@sarahmutonga9154]

Is it 31 days or years?

[@selyne5115]

Annually

[@mburulucky9580]

one. According to data compiled by Rich Habits author Thomas Corley, it took the average self-made millionaire 32 years to achieve that

[@mburulucky9580]

For example, say you have $10,000, every year you put aside another $10,000, and you average a 6 percent return on your investment. In 32.5 years, your savings will total $1 million. (Lining up nicely, albeit coincidentally, with Corley’s findings.) That’s the power of compounding. You saved “only” $330,000; investment returns - and more important, time - did the rest.

[@gracemweu8594]

Rina i am coming to you my sister help me make those millions.

[@WilliamKiriba]

Hapo kidogo Payas amechanganya mahesabu😂😂

[@cta101]

Day 1: 0.01 Day 2: 0.02 Day 3: 0.04 Day 4: 0.08 Day 5: 0.16 Day 6: 0.32 Day 7: 0.64 Day 8: 1.28 Day 9: 2.56 Day 10: 5.12 Day 11: 10.24 Day 12: 20.48 Day 13: 40.96 Day 14: 81.92 Day 15: 163.84 Day 16: 327.68 Day 17: 655.36 Day 18: 1310.72 Day 19: 2621.44 Day 20: 5242.88 Day 21: 10485.76 Day 22: 20971.52 Day 23: 41943.04 Day 24: 83886.08 Day 25: 167772.16 Day 26: 335544.32 Day 27: 671088.64 Day 28: 1342177.28 Day 29: 2684354.56 Day 30: 5368709.12 Day 31: 10737418.24

[@WilliamKiriba]

@@cta101 Woooooo.... Amazing

[@mburulucky9580]

For example, say you have $10,000, every year you put aside another $10,000, and you average a 6 percent return on your investment. In 32.5 years, your savings will total $1 million. (Lining up nicely, albeit coincidentally, with Corley’s findings.) That’s the power of compounding. You saved “only” $330,000; investment returns - and more important, time - did the rest.