Transform Your Finances: Understanding Money Market Funds and How My Life Has Changed"
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- Опубликовано: 20 авг 2024
- In this short video, I'll explain how money market funds work and how they can help you make passive income in Kenya.
If you're looking for a way to make money in Kenya without having to invest in risky assets, money market funds are a great option! Funds like these allow you to invest in low-risk securities that offer consistent income. Watch this short video to learn more about money market funds and how they can help you achieve your financial goals!
My first interaction with money market funds was in my last year of Uni and ever since I have been a firm believer in this investment. It's quite low risk as compared to other available investment instruments and that's why I love it for the investor who has a low-risk appetite. Enjoy the video and drop me some comments or feedback down below. You can also reach me via email at budgetlivingkenya@gmail.com. I'll be glad to help in any way that I can.
Find me on:
Instagram: @ / budgetlivingkenya
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Hey hunny, thank you for being here. I hope that you have been inspired, motivated and encouraged. Subscribe if you loved this content so that you don't miss out on any video. Share with your friends as well if they will love this kind of content. Thank you and be blessed.
I've been watching your videos and I can say whoever will marry you will be very lucky to have such a knowledgable woman in the house. Both of you will build enormous wealth.
Thank you Eddie. This is really encouraging.
The best advice for the current generation. Thanks
Thank you so much bro.
Glad to see you here
Thanks Eva...a simple RUclips channel with significant impact for sober-minded audiences. Be blessed.
Thank you so much Sheban Adam. I hope that we will keep learning in all matters finances to become better stewards. I appreciate the encouragement.
@@MissEvaWambui Absolutely...am now glued to your channel....I was looking for a legit Moko product review, someone who bought from them and is not an employee or affliate....that's how I found your channel, and discovered its richness and diversity.
@@zillafact Wow, thank you so much. I can attest to you that their products are legit no doubt. I have a mattress and couch from them. I know that my journey with MOKO will be a long one. I 100% vouch for them.
@@MissEvaWambui Thanks for the confidence...am going for them too
I just stumbled on ur video and woooooow i need it..ur amazing u have opend my eyes n i really like how u explain everything in details. thanx keep it up..umenishanua😇
You are so welcome lushak. So glad that you are here
Welcome back!
Great video as usual 😊. Thank you so much for going in depth with this.
Also, just realized you hit 1, 000 subscribers!? CONGRATULATIONS!!!! 🎉🍾🥂🎊
Well done Eva!
Yes, we did it dear. 2nd September to be exact. Let's keep growing and learning together
Good Morning Wambui,
Thank you gal. I normally love your videos. God bless and keep it up !
Thank you so much for watching my dear. I'm so glad you are here. I trust that you have learnt something 😇
Thank you. Your comment is well appreciated and noted
Thank you so much *for the note to " start " and not be discouraged *by starting with little.
This really clicked for me.
You start learning with a little and you'll inevitably grown with time.
I needed that clarity.
Exactly the point my dear. Let's start with what we have
Thank you for always supporting this girl
@@Anne_Ngigi You're more than welcome! She's fantastic! It's easy to support 😊
We need to start now!! Thank you for sharing this information which you have really pushed me into it. Iam so glad you give us very good information to help us in our future. THANK YOU EVA
Thank you so much mummy for the support and engagement here. Love you.
Food of the thoughts..thinking about it
That's okay dear. You can keep revisiting the video and also researching more on what money market funds are and their benefits.
Hello girl friend. Thank you so much for subscribing and commenting
Yay my gal keep it up
Thank you for watching 😇
You just gain a new subscriber, thank you for this explanation I open the account but I did know how it works ,
Hi dear. Which company did you open an account with. You can reach out to their customer support for assistance.
@@MissEvaWambui I used zimele ,yeah I got assisted dear thank yoù
@@MissEvaWambui hope I made the right choice
I appreciate your work.
What are some of the examples of high risk investment platforms?
You make good videos please continue to upload videos
Thank you for the encouragement. I will create more videos
Great advice! Learning alot from your videos. Kudos👍
Hey dear, thank you so much for watching. I truly appreciate your support and I'm grateful that you get to learn and grow in your financial knowledge
One thing, if you were to save for like 10-20 years, would you account for inflation. That is something I have been worrying about. A piece of land costing 1M today may cost 5M in 10 to 20 years. so I've been thinking about investing the little savings. So by 20 years, I may have 1M but not in liquid money
Yes inflation will definitely be there and that is why it is ideal to increase your monthly savings as your purchasing power increases over the years. But most importantly is taking advantage of compound interest which is really the 8th wonder of the world 😇. Yes, diversifying your investments in different assets is key in increasing your net worth. Land is a sure bet when it comes to value addition.
Loving how well you are teaching about this topic. Enjoyed
Oh my gosh. I'm star struck right now. I was watching your video on how to import through alibaba. I could not believe how detailed the video was. Thank you so much dear 😇. Its a pleasure to have you here. Thank you for watching.
This was excellent.
Thank you Job. Appreciate it.
I'll try it
Thank you so much
I am a new subscriber in this channel
Hi Eddie, thank you for joining this community. Feel at home.
love your video,,.where can you get 10 % coz in money market fund most pay 8 ro 9 percent
10% would have been workable some years back. With the economy and inflation rate at the moment, 8 to 9% is even lucky. Don't be surprised if it becomes less.
How can one communicate with you about this
You can dm me on my instagram thrive_with_eva
We need to talk and help me get this money market fund so that I can thrive
Please let's do this soonest possible.
if inflation is 10%and then my accumilated interest is 10% it raises an eye brow
Yes exactly. You are right. The question should be what investments do we need to get into that will help us beat inflation?
Hi miss Eva name which mmf are best
Hey Peter. I can't pinpoint any that's best but you need to do your due diligence. You need to track past performance in terms of rates, their reputation in the market, your goals as an investor as well. You can look at the daily newspaper and look at the money market funds listed, research on each of them and make a decision on the one that suits your needs. Remember to look into management fees, withdrawal policies etc.
eva u are smart thanks but u are not addressing the issues like withholding tax and inflation .
Hi Patrick, your response is valid and duly noted. Kindly check my latest video update on money market funds. It should answer part of your question. Thank you for watching:ruclips.net/video/bV38Uw7wB_I/видео.html
Hey there, can one invest money at money market funds if they already have an ISA account with their banks?
Yes, you still can. Check if your bank has a money market fund. If not, do some research on some viable money market accounts in the country. Check out for historical performance, rate of return, sustainaibility of the fund among others.
which is the best money market fund
Hi there. Choosing a money market fund is a personal decision that results from research. If you are in Kenya, I suggest that you google search money market funds in Kenya. From the list you will find, do you due diligence and read on all of them and go further and make calls to those that interest you. Be keen on the rate of return, history performance over the last couple of years, look out for other fees charged to etc. This will help you decide on the fund to settle on. However, I can recommend an agent to consult on this matter and other related matters like insurance and retirement schemes. She doesn’t charge for consultation and you can ask as many questions as you’d like.
@@MissEvaWambui I am in Kenya , okay I'll do that
@@seriesreviews5311 awesome. Do let me know if you need any help. Glad to have connected with you.
This great but im in qatar.how can I invest I will be coming home 2024
Hey dear, you don't need to be physically present. You can talk with your preferred company and they should be able to advise you accordingly. Many of them have online portals so you don't need to be in Kenya to access your account as long as you provide all the necessary documents needed. You can send me an email to budgetlivingkenya@gmail.com for more conversations on this. Thank you for watching my dear.
Great comment here.
Money market of for those who dont want to think, and allow others think foy you....imagine i saved 300k and these guys are giving me 2500 interest per month...like seriously 😮..hata ningeuza mayai....i would have made more
That’s why a money market is a parking place for you. You debit money short term that you intend to use for another venture. By itself it’s not a sustainable source of income but you can put money in there for 3 months or so as you figure out what you desire to invest in. However, if you look at it long term, say depositing 5000 monthly for 20 or more years, it sort of becomes a savings avenue for you. But also not forgetting the importance of having a retirement fund along other investment instruments you want to consider
@@MissEvaWambui That's the correct term PARKING... I agree with you in totality...Shukran
@@f_research thank you for the engagement sir
Which is the best
It all depends with your risk appetite. You can start by googling best money market funds in Kenya then do an in depth research of the best options that will be recommended.
After which you can call the companies and hear more about them and the products they offer. I hope this helps.
Hi
Hi Alice, how are you dear?
This is so beautiful Eva.Thanks
Thank you . I do hope that it was helpful
@@MissEvaWambui yes it was,,sijui tuanze kukulipa sasa coze this information is essential sana.
Hey John, naweza tuma mpesa number hahaha
This is so true and simplified. Keep oozing more knowledge. Much blessings and appreciation.
@@mugendielizaphan484 thank you so much for watching. I'm glad you have found the video insightful
Eva....can I invest my lump sum in MMF..?
Yes, you can. However, if i were you i would want to know the end goal for that investment. If you want a parking place for your money before you use it, then MMF is great. Long term, you may want to consider other investments opportunities that may have better interest. However, more interest means more risk and it all depends with your risk appetite. The great thing about MMF is that you can withdraw your money if you find better use for it ie. investment, business etc. Also, what better way to park your money and get interest from it. That's passive income for sure.
You can also consider buying bonds. The returns are higher. MMF also take your cash and invest in tbills and tbonds
@@brendaokanja3794 For sure. Probably the limitation would be the minimum amount you need to invest in bonds but yes, definitely worth considering. Thank you Brenda.
Hi, I Google cic money maketing fund then they called me, waka nitumia link kwa WhatsApp but am scared to deposit my money naona kama ni watapeli, can you guide me pls, ama niende tu kwa office yao
Hi, let me connect you with someone who works there. There shouldn’t be a transaction being done via WhatsApp. Contact Johnson through jmunyao@cic.co.ke