Weeh.... I hope maina you see this message. I had save around 300k.... lemmi tell you maina ,, dad aligonjeka after almost 1yr, I used all my savings ndo imejulikana ni cancer juzi... unless God comes thru I don't know where am heading to...
@@nelsonkiiru7252 ... When you have a good reputation with the people around you, then you can get money on a moment's notice from numerous sources. For example, all the 5 Mpesa agents near my house can deposit money into my number. All I have to do is make a phone call ... Then deliver the money the following day. Reputation is gold. Bankable gold. Spend money on useful things and assets ... And have a good reputation ... And you will always have what you need.
Maina you are a big blessing, with people like you, you make the world a better place . Be blessed for what you did to that Young man. May your pockets never run empty 🙏🙏
Kimbaki time business was lit everyone in Kenya was happy population were so outgoing happy families but nowadays especially with thi government zero livings
Mathematically is pure impossible. We are around 50m 80% is 40m meaning if that has 1m each we will be speaking of 40trilion and the economy gas only 5trilion in circulation. Assuming if everyone becomes frugal and save atleast 50,000 each the economy will die. Most businesses will probably collapse. Surprising is exsimated that 1trilion ksh is the one creating the 100bn GDP in our country. Don't get me wrong I agree with you with the kind of spending we have if we had 1m then surely they will be a hyper inflation.
They did that survey in Runda, Karen, kitisuru, etc. That is a tiny fraction of Kenyans. Majority barely survive, they are not sure where dinner is coming from. They nerd to go to where Kenyans live, places in East lands, a big part of Kiambu. And many other places. Kenya nî kubwa.
Sasa kama akina Sonko pesa zao zinakua freezed na sisi hustlers tunaona tu any time tunaezakatwa tax zenye hatukua tumepangia... unatarajia?...most of the people file nil returns but they have money elsewhere but not banks....either mshwari locked or sacco
But who saves in a bank? Banks shouldn't contain more than you need in a month? Emergency funds eka kwa money market, then spread other extra to Sacco, insurance covers, bills and bonds, etc
This is really nothing to be alarmed about!it's only that kenyans are cleverer now,we invest in stocks,money market, treasury bonds etc and do business
Some conversation are just to raise your blood pressure...kingagi is telling you the truth,we live by grace,..wee maina kaa account yako ni half a million.thank God,but dont think becos we are lazy
For real. Imagine when I was in highschool buying bread at 18bob, I would have never imagined I would be buying a smaller piece of bread 20yrs later for 3 times the price.
@@wayando precisely. Only the fabulously wealthy can afford to have half a mil sitting in a current account just waiting to be spent. The rest of us have to put whatever little we have to work so it can at least hold up to inflation. Or keep it out of reach so it is not eaten up by emergencies - real or fake, ours or other people's. That survey needed a bit more context and clarity on what exactly they were trying to measure.
Who in their right mind has idle Kenya Shilling in their account?! 😂 Kenya Shillings lose value at a very very alarming rate ... Keep 1M in your account for 3yrs you would barely be able to buy half the things it could buy whej you kept it ... Even after adding the interest on top. Better to have zero balance and own alot of things ... Some of which can be sold on short notice to convert back to cash.
@@kaizaodari2185 mortgage penetration in this country is extremely low, most people don't earn enough to qualify for one. Majority of banks make money from interest paid on bills / bonds, fees, and from lending - most of it to regular people, not "millionaires".
Who keeps such an amount in a bank account? Unless one is doing a transaction worth that much. Such amounts should be kept in a place where it makes more money. Eg. Money Market Funds, Bond Plus, Saccos, Gov Bonds and T Bills etc. You gain between 8% - 14% pa. on the money. One can even negotiate with the bank and can get 5% pa on the money.
Just because you went through trauma from your siblings not everyone is a thankless piece of sh*t. Just find a corner heal and move on. People are different.
Thanks MAINA for helping MR NJOGU.waaaa this has melted my heart.
Weeh.... I hope maina you see this message. I had save around 300k.... lemmi tell you maina ,, dad aligonjeka after almost 1yr, I used all my savings ndo imejulikana ni cancer juzi... unless God comes thru I don't know where am heading to...
God will come through...don't worry
Thank you for helping your parents .
Pole
Pole
Ur lucky Ur able to save that seeing Ur a woman it's easier compared to men. Men have too many responsibilities to even save!
It's sad that only a small % are able to save 500k in today's economy. However, bank saving is a scam
That's because most people are sensible ... Money has no value until it is spent.
@@wayandobut still when u get emergencies then that's when u know that liquid cash is more importanter😅😅😅
@@nelsonkiiru7252 ... When you have a good reputation with the people around you, then you can get money on a moment's notice from numerous sources.
For example, all the 5 Mpesa agents near my house can deposit money into my number. All I have to do is make a phone call ... Then deliver the money the following day.
Reputation is gold. Bankable gold.
Spend money on useful things and assets ... And have a good reputation ... And you will always have what you need.
@@nelsonkiiru7252sure
Thank you Mr Maina for helping that young man.
Could the statistics do a survey with regards to Saccos? I believe Kenyans put their money in Saccos,mmf,bonds or reits rather than banks.
Please don't give this rouge government ideas on where to come for whatever we have managed to save after they have taxed us to the bone.
Please don't give certain people ideas on where to come and collect the little money we have managed to save after being taxed to the bone.
@@user-kpkxgtj the defunct government taxes you already. It imposes withholding tax on Sacco dividends and mmf too
May be a small number of them, things are very tough here in Kenya.
Wewe unajua unasema nini
Being a firstborn n Dad acting like he never gave birth to us I can relate....but Mungu mbele kwa kila kitu
Maybe dad hana kitu kwa account...
Maybe dad hana kitu kwa account
They do the right survey...kuna wengi ata hawana account. ..ya kuweka nini?
True
These are the kind of debates we need.
You are indeed a blessing to classic maina May you never luck
Zakayo!!! 😂😂😂
Maina you are a big blessing, with people like you, you make the world a better place . Be blessed for what you did to that Young man. May your pockets never run empty 🙏🙏
Nikubaya hata huku majuu
Even Americans don’t have this….
Btw. living life saying God will come thru. Is too risky and dangerous!! People are jokers!!
Could be true because foolish people are the once that keep cash in banks
nakwambia... ni kiudu traumatizing!!!
😂😂😂
Kwani mko na bank account tena😂😂😂
Tunaishi kwa neema😢😢
Kimbaki time business was lit everyone in Kenya was happy population were so outgoing happy families but nowadays especially with thi government zero livings
Ni kubaya
Hakiyao!!!! Maina!!
if 80% has over 1 million in their bank account, that will be inflation
Mathematically is pure impossible.
We are around 50m 80% is 40m meaning if that has 1m each we will be speaking of 40trilion and the economy gas only 5trilion in circulation.
Assuming if everyone becomes frugal and save atleast 50,000 each the economy will die. Most businesses will probably collapse.
Surprising is exsimated that 1trilion ksh is the one creating the 100bn GDP in our country.
Don't get me wrong I agree with you with the kind of spending we have if we had 1m then surely they will be a hyper inflation.
Churchill wacha. Time of Moi there was no money.
They did that survey in Runda, Karen, kitisuru, etc. That is a tiny fraction of Kenyans. Majority barely survive, they are not sure where dinner is coming from. They nerd to go to where Kenyans live, places in East lands, a big part of Kiambu. And many other places. Kenya nî kubwa.
We are all broke
That's good 😊 to know
Sasa kama akina Sonko pesa zao zinakua freezed na sisi hustlers tunaona tu any time tunaezakatwa tax zenye hatukua tumepangia... unatarajia?...most of the people file nil returns but they have money elsewhere but not banks....either mshwari locked or sacco
Na wenye hatuna hata 100k tuketi wapi😢😢😢😢
Don't worry God will come through.
@@bensonngichabe946 thanks for the encouragement
Why is Churchill pretending and he's rich lol
Yenyewe Churchill Ako na more than 500k kwa account anatupima.
Understand this is Radio. There has to be a debate
But who saves in a bank? Banks shouldn't contain more than you need in a month? Emergency funds eka kwa money market, then spread other extra to Sacco, insurance covers, bills and bonds, etc
I've been trying to save atleast 10k every end month, I don't earn alot but saving is all about self discipline.
Stop saving... find a worthy but a cheap business to run
@@ndetokiio3563 I already have a side hustle (baking part time ) I want to add another side hustle bado.
Save in a Money Market Fund so your money can earn some interest.
I felt for the last guy 😭😭
Monies ziko homeground,i trust my grandma's metal box than the bank 😂😂
Na sisi wenye tunatumiwaga message ya kudeposit ama account ifungwe juu ya dormancy...
I'm used to zero balance in my account after 20 yrs working...
Account zishKua domant..sasa kama kushiba ni ngori nitatoa wapi ya account
Hata sinaga account😅😅😅
Boss tumekuwa wanjanjez...pesa inafichwa kwa mmf and Treasury bills/bonds😆
Wewe Maina kwa hizo gimme a 🤙🏿mtu akishinda 5k kwa classic anaskianga ni kama ameshinda 500K!
This is really nothing to be alarmed about!it's only that kenyans are cleverer now,we invest in stocks,money market, treasury bonds etc and do business
Some conversation are just to raise your blood pressure...kingagi is telling you the truth,we live by grace,..wee maina kaa account yako ni half a million.thank God,but dont think becos we are lazy
Na operate na fuliza mniekee kakitu jameni😂😂
😂😂😂😂
I tell you Kenya if you doing 200k plus as salary then atleast you are safe
Minimum ... Anything less is struggling.
75% of Kenyans earn between 8k and 70k.
@@ev.patrickmatheka8013 75% more like 90% earn below 75k
@@ev.patrickmatheka8013are you sure
@@ev.patrickmatheka8013wah is it?😮😮
I have some money in my account yes but the minute I pay school fees it reads zero
Which country is this? And what are these two talking about?
Kama na survive na mia kwa siku, 500k si ni kulinganisha na mtu aliye kufa na aliye lala?..😢
The little - or much - money one has is doing them absolutely no good sitting in a bank account. It's simply not smart.
For real. Imagine when I was in highschool buying bread at 18bob, I would have never imagined I would be buying a smaller piece of bread 20yrs later for 3 times the price.
@@wayando precisely. Only the fabulously wealthy can afford to have half a mil sitting in a current account just waiting to be spent. The rest of us have to put whatever little we have to work so it can at least hold up to inflation. Or keep it out of reach so it is not eaten up by emergencies - real or fake, ours or other people's. That survey needed a bit more context and clarity on what exactly they were trying to measure.
You would be very daft to save your money in a bank account.There is a reason why Kenya has the largest SACCO movement in Africa.
Na zakayo anajaribu kuchukuwa pesa na nguvu.
I guess we going to the bug collapse
Is that news ?
weka pesa kwa Money market fund
With the global reset about to come i don't trust these. Better to own assets that bring money in your pocket.
We unasema 500k maina
Who in their right mind has idle Kenya Shilling in their account?! 😂
Kenya Shillings lose value at a very very alarming rate ... Keep 1M in your account for 3yrs you would barely be able to buy half the things it could buy whej you kept it ... Even after adding the interest on top.
Better to have zero balance and own alot of things ... Some of which can be sold on short notice to convert back to cash.
True until you meet kenyans willing to buy your disposable assets at throw away prices
Teach them. Never keep cash, for the reasons you've articulated. Buy assets that can bring money into your pocket and not those that get money out .
You know it's funny Solomon said never complain about the cost of living 🤔🤔🤔🤔🤔🤔
Iam still trying to figure it out.
gimme the verse bro
Na banks hutoa wapi billions of profits
From withdrawals and the millionaires taking loans plus some from mortgage 😒
They get the biggest %profits from lending to the government.
@@kaizaodari2185 mortgage penetration in this country is extremely low, most people don't earn enough to qualify for one. Majority of banks make money from interest paid on bills / bonds, fees, and from lending - most of it to regular people, not "millionaires".
Commisions Za kuweka na kutoa.
Car loans to people who want to show off ...
kwani wakikuyu hawana pesa ama hiyo survey ni outside Mt. Kenya.
Through investment, not the liquidity of money 💯 that's how they survive
😂😂😂😂😂😂
Who keeps such an amount in a bank account? Unless one is doing a transaction worth that much. Such amounts should be kept in a place where it makes more money. Eg. Money Market Funds, Bond Plus, Saccos, Gov Bonds and T Bills etc. You gain between 8% - 14% pa. on the money. One can even negotiate with the bank and can get 5% pa on the money.
The idea is about not saving in all those forums.If majority are following hustler fund,how do we save!
😢😢i need to relocate. I dont even have a bank account any more
IAM a billionaire come to Mombasa I will sponsor you.😂
Bank saving is a scam,i cleared my account on May, keeping cash now
The one taking care of his siblings will be nothing to them when they succeed.He’d better start investing in his own life
Wueeeh
Just because you went through trauma from your siblings not everyone is a thankless piece of sh*t. Just find a corner heal and move on. People are different.
Very true,... I did the same mistakes and today I'm regretting!..😢
Because now we are learned. We are putting money in T-bills, MMF,Shares,Reits. ....land.......Maina siku hizi tumekuwa wanjaja
Kanyoro,the truth is the gap between the rich and them poor is too wide , extremely wide
@@ngwenoh.e9725 both those statements are true, they are not positions that counter each other.
Now get out of your upper middle class and above bubble and walk around Kenya asking random people about what you just said
And someone is always on social media saying mtu wetu.. Gachagua must go..😅😅😅😅😅😅😅😅😅 Kenya will take 10000years to be where america was in year 1687
Very true
Maina went too far. Start by asking how many Kenyans afford daily meals.
Pesa zimefichwa kwa mattresses
Less than
Having 500k lying in a bank account is indicative of financial illiteracy.
Most live on investment banking
-500k
U mean am among the just 0.3% this untrue
Ive only had a max of 350k at one particular time.
Smarter Kenyans dont save money in banks anymore. There are better, more beneficial ways of saving/investing money. Ask me.
You need one year expense
@@albertmatunda5387 it doesn't need to be sitting in the bank though.
Money in a bank is a no no better invest it in a money market fund
I have 90.47 Kshs 😂…the survey is true
Nobody believes in banks any more😂😂😂
This a mountain problem
Vote PPP
Who saves in a bank.Sacco all the way
Ati less
Utter madness...this is not the reality. Bure kabisa