Hello dear, today is my first day I've ever heard and learned about investing,from Lynn's TH-cam,wah I've been in darkness of poverty not knowing where am heading to, thanks very much Susan even if am a class 8 dropout I ve been living hopelessly sinking in to poverty day by day as I grow old,but today you have opened my eyes with too much knowledge God bless you 🙏 I've been in chamas, circles but feared debts/loans coz I had nothing or noone could agree to be a garanter to me,I want to follow you for more lessons hopping this can change my life😢,one question for today if I have savings aren't they enough for the cycle to give me loan without garanters or any accets🤔
Never forget this: If you have internet and use it to gain knowledge, then you are way ahead of many people. I have multiple degrees and I was bad at managing my finances. I started with educating myself and the internet has been my help. Does having a finance degree help? Yeah but good money management is more discipline than knowledge. Of course with knowledge and discipline you'll be unstoppable! You got this 💪🏾.
yaani i have been in darkness about financial literacy. Finding you in lynns channel is the best thing that has happened to me. Not me binge watching your channel with a notebook
This is a very great educational piece, I love it. I am in a Sacco that pays 13% interest PA on savings and 20% dividends on share capital PA. Both have a 5% WHT on the interest/dividends. The 5% WHT is a great motivator for me and that is why I use the Sacco as an investment vehicle for passive income alongside T-bill's and Bonds. The 13% interest on the savings beats majority of the MMFs all the time. The share capital is more like a retirement pension plan alongside infrastructure bonds that are tax exempt. Thanks for the work that you do - information is power.
@@charlesjumwa3099 Disclaimer: This is not financial advice and am not marketing the Sacco. Do your own due diligence. As always, past performance is not an indicator of future performance. Am a member of Tower Sacco. It used to be a teachers only Sacco but they opened up to the general public.
That is so true, I look at it wholesomely. T-Bills pay 16% interest and 15% WHT. Sometimes you can get more from a Sacco when you factor in the WHT is low.
Please tells us how we people in the diaspora can invest in these MMF and Tbills, what's our best options? I noticed CBK has set a very high limit ie $200,000 for diasporas to invest, please enlighten us. Thanks, and you're amazing full of great info that people pay a lot to get access to.
The minimum amount needed for investment in T-bills and bonds is 50K and multiples of 50K. For infrastructure binds the minimum is 100K with multiples of 50K. Not sure where you got the USD 200K from.
Very educative indeed thank you for your good work. I have learned alot. My question was apart from acquiring loans against your deposits can one acquire a loan as a share holder?
Why do people forget the part of Sacco shares?some Saccos offer as high as 18% for dividend.nowadays you can even top up your shares.stop focusing on deposits alone especially if you’re not interested in a loan in the near future.
Personally I do shares....just like any other person who could do rentals. I am getting good monies....it's a good investment. I am not interested in loans so much.
The presenter does not seem to know the difference between FOSA and BOSA saccos as to how they are licensed more so BOSA Sacco. Seems her exposure is limited to FOSA Saccos
Hello am new here and am very happy for your coaching kindly if don't mind l need your contact there are some information l require from you please 😅😅😅
Totally agree Susan. Saccos are so crucial and worth investing in them especially while taking loans. I have brilliantly used saccos to take loans which I self guarantee and I just heard you talk about dividends, the money is so good if one has invested large sums of money. I love saccos. Great info. Can you do another detailed video on Treasury bills and Bonds?
Would you mind sharing the name of your sacco with me? Could you please explain how you self-guarantee? Once you have completed the repayment process, can you get out of it? I read somewhere that if you wish to leave a sacco, you must sell your own shares the sacco won't give you your money unless you sell your shares. Is this true?Selling your shares seems almost impossible to me
I thank God for you Susan. I thought I knew much about Saccos but this is a great eye opener. Thanks to Lynn's show that made me know this great financial coach. Keep soaring
Thank you for this lesson coach. I just have a few questions. Do deposit account earn you some interest before you request for a loan. Also do guarantee s deposits determine if the sacco is going to give you a loan (even the amount of loan your requested)
Hello Susan! 🌞 Your video was incredibly informative, and I’ve been following your content after discovering it through Lynn Ngungi’s interview. If only I had encountered your wisdom earlier-it might have transformed my life! Currently, I’m taking small steps in the world of finance, hoping to blossom into something greater. 🌱💰 Keep up the fantastic work! 🙌
@@susan.wanjiku_ thanks for your reply so i have read some financial books and most talk about how one can take advantageof some tax deduction offered by governments but i don't understand if is applicable in kenya thats y i was hoping you could explain it if its possible
As much as it's more of an advantage to go for the deposit options,Share capital has high returns than normal deposits. I.e a Sacco with rebates (from deposits) of averagely 10-13% has divided of 20%(from share capital)
Thank you Susan.. I love your wonderful insights in this Sacco vlog. I have clearly understood how the 2 accounts work. You are truly a powerhouse in what you are doing. Keep up the good work. You have earned a subscription from me 😊
offcourse briefcases are mushrooming, so due diligence is required or else you lose your money. Generally saccos are good espe for loans. But if you have enough money you may want for projects etc then no need to join saccos
I feel a little confused here... don't saccos have things like REID and shares, which by the offer some of the best percentage returns? I'm planning to join a sacco and it's not to get a loan coz I'm not planning to save with the sacco but to invest in it. Are you saying I'm about to commit a mistake?
Hello dear, today is my first day I've ever heard and learned about investing,from Lynn's TH-cam,wah I've been in darkness of poverty not knowing where am heading to, thanks very much Susan even if am a class 8 dropout I ve been living hopelessly sinking in to poverty day by day as I grow old,but today you have opened my eyes with too much knowledge God bless you 🙏 I've been in chamas, circles but feared debts/loans coz I had nothing or noone could agree to be a garanter to me,I want to follow you for more lessons hopping this can change my life😢,one question for today if I have savings aren't they enough for the cycle to give me loan without garanters or any accets🤔
Never forget this: If you have internet and use it to gain knowledge, then you are way ahead of many people. I have multiple degrees and I was bad at managing my finances. I started with educating myself and the internet has been my help. Does having a finance degree help? Yeah but good money management is more discipline than knowledge. Of course with knowledge and discipline you'll be unstoppable!
You got this 💪🏾.
yaani i have been in darkness about financial literacy. Finding you in lynns channel is the best thing that has happened to me. Not me binge watching your channel with a notebook
Here's where we grow every Friday! Here's HOME! Keep it up coach.
This is a very great educational piece, I love it.
I am in a Sacco that pays 13% interest PA on savings and 20% dividends on share capital PA. Both have a 5% WHT on the interest/dividends.
The 5% WHT is a great motivator for me and that is why I use the Sacco as an investment vehicle for passive income alongside T-bill's and Bonds.
The 13% interest on the savings beats majority of the MMFs all the time. The share capital is more like a retirement pension plan alongside infrastructure bonds that are tax exempt.
Thanks for the work that you do - information is power.
Hello, kindly share the name of the Sacco.
@@charlesjumwa3099 Disclaimer: This is not financial advice and am not marketing the Sacco. Do your own due diligence. As always, past performance is not an indicator of future performance. Am a member of Tower Sacco. It used to be a teachers only Sacco but they opened up to the general public.
@dmwas. 👏 for the disclaimer clause which is very necessary. Thanks for sharing!
@@sheillahwafula432 I always feel that we all owe each other a fiduciary duty on all matters financial. Thanks for the compliment
This is a whole masterclass
With SACCOs the withholding tax is 5% as compared to other investments where the tax is as high as 15%
That is so true, I look at it wholesomely. T-Bills pay 16% interest and 15% WHT. Sometimes you can get more from a Sacco when you factor in the WHT is low.
@@dmwas.I thought wht is uniform as per the law that's 15%
I think as per the law it's 15%
@@mashverm4680for dividend income the WHT is 5%
Watching from Eswatini and I've been looking for such education
Susannn🎉🎉🎉thanks for the financial literacy classes
Happy i found you,thank you for changing my life
Happy Friday too our own sister.Great job❤
Great insights, Coach Susan! I am learning a lot from you.
Very insightful 👏
Do you mind giving a list of some of the best performing Saccos in Kenya?
I don't think she can, may be privately, all saccos are good so long as its registered with SASRA the body that regulates sacco.
Hazina Sacco is good. Also check legit saccos registered by SASRA.
I also Inquiring on the best performing Saccos
Kazi nzuri sana Susan financial literacy equals financial freedom!
Please tells us how we people in the diaspora can invest in these MMF and Tbills, what's our best options? I noticed CBK has set a very high limit ie $200,000 for diasporas to invest, please enlighten us. Thanks, and you're amazing full of great info that people pay a lot to get access to.
The minimum amount needed for investment in T-bills and bonds is 50K and multiples of 50K. For infrastructure binds the minimum is 100K with multiples of 50K. Not sure where you got the USD 200K from.
Great 👌 work,,,,
Make a video about treasury bills and money market fund
Very insightful & useful information, especially on the difference between deposits and share capital. Thank you Coach Susan.👍🏽
Thanks for today's class really insightful... kindly Susan can you do a video on creating a CDS account and choosing best CDAs?
+1
My friday finance date on a beautiful sunday
Hi Susan,coulld you please make a video on REITS,is (VUKA) a good one?
Yes please. We will highly appreciate.
Thanks so much for this information, kindly talk about the process of buying Tbills and bonds for a starter...
Very educative indeed thank you for your good work. I have learned alot. My question was apart from acquiring loans against your deposits can one acquire a loan as a share holder?
Very informative.
Wonderful
Why do people forget the part of Sacco shares?some Saccos offer as high as 18% for dividend.nowadays you can even top up your shares.stop focusing on deposits alone especially if you’re not interested in a loan in the near future.
18%? kama gani?
Yes share capital earns more.
Kimisitu paid at 15% Last year for shares and 9% for deposits.
18% ? 🙄
Ollin Sacco share capital was 17.%, savings 12.% last year
Personally I do shares....just like any other person who could do rentals. I am getting good monies....it's a good investment. I am not interested in loans so much.
Could you do a video about REITS as a form of investment
Thank you coach
The presenter does not seem to know the difference between FOSA and BOSA saccos as to how they are licensed more so BOSA Sacco.
Seems her exposure is limited to FOSA Saccos
Hello am new here and am very happy for your coaching kindly if don't mind l need your contact there are some information l require from you please 😅😅😅
Totally agree Susan. Saccos are so crucial and worth investing in them especially while taking loans. I have brilliantly used saccos to take loans which I self guarantee and I just heard you talk about dividends, the money is so good if one has invested large sums of money. I love saccos. Great info. Can you do another detailed video on Treasury bills and Bonds?
Would you mind sharing the name of your sacco with me? Could you please explain how you self-guarantee?
Once you have completed the repayment process, can you get out of it?
I read somewhere that if you wish to leave a sacco, you must sell your own shares the sacco won't give you your money unless you sell your shares. Is this true?Selling your shares seems almost impossible to me
@@Agile2605 Kenya police Sacco. There are so many good saccos. Waumini Sacco, Safaricom Sacco. Visit then and check them out.
Wow so informative....thankyou coach for this😊
Need to invest in Treasury bills but don know where to start
Woow... thanks....
I thank God for you Susan. I thought I knew much about Saccos but this is a great eye opener. Thanks to Lynn's show that made me know this great financial coach. Keep soaring
Thank you for this lesson coach. I just have a few questions. Do deposit account earn you some interest before you request for a loan. Also do guarantee s deposits determine if the sacco is going to give you a loan (even the amount of loan your requested)
Hello Susan! 🌞 Your video was incredibly informative, and I’ve been following your content after discovering it through Lynn Ngungi’s interview. If only I had encountered your wisdom earlier-it might have transformed my life! Currently, I’m taking small steps in the world of finance, hoping to blossom into something greater. 🌱💰 Keep up the fantastic work! 🙌
Thanks for this information.Very useful
You have just earned my subscription, you are doing a good job
Thanks Susan I need you help me but infrastructural bonds that are tax free please I don't know
Hello coach why is it you never talk about TAX
What exactly about Tax would you like me to talk about?
@@susan.wanjiku_ thanks for your reply so i have read some financial books and most talk about how one can take advantageof some tax deduction offered by governments but i don't understand if is applicable in kenya thats y i was hoping you could explain it if its possible
Insightful
How do we beat inflation? And what is the normal return on investment on any given investment?
would one rather have a life assurance policy or invest in the money market
Do you do consultations?
Which is the best sacco
I think share capital is non refundable ama?
Yes only transferable
Thanks so much for this important information.
Finally I understand which is which..
Which sacco can one self guarantee ?
As much as it's more of an advantage to go for the deposit options,Share capital has high returns than normal deposits. I.e a Sacco with rebates (from deposits) of averagely 10-13% has divided of 20%(from share capital)
Which is the best convenient Sacco for a new member to jion
Asking the same am interested
Only join a sacco you will have access to guarantors easily
This is incredibly helpful...
Thank you for sharing your knowledge with us
Why do saccos put a limit to the number of shares you should own but at the same time encourage you to put more than the setup limit?
is it a must for one to have guarantors when applying for a loan in a sacco?. can one borrow against their deposits or a payslip?
Is buying shares in sacco optional? What if I just want the credit facility only and not buy their shares?
Shares is a must. However, you just buy the minimum Shares that a sacco offers.
Hi coach susan,praise God,I'm patts ,you helped me alot thanks,re ever my flowers gal,may the Lord Co tinge expanding your teritorries
Hi Coach Susan. Kindly could you talk about REITS as an investment.
Thank you.
Hi dea how to open unaitas sacco online coz am not in kenya right now until next yr
If my share capital account has 100K and the min share amount is 30K ,do I get back the 70K back the sell the 30K worth the min share of a sacco
Thank you... Very educative. Great financial couching. Keep it up.
Quite informative. Thanks for the eye opener Madam Lynn
brilliant ideas,kudos coach Susan
Hello, Do you earn divindeds from deposit account in the sacco? or only on the share capital?
Doing a great work in educating matters to do with Sacco's.. What an informative video! I like it.
But i also think you can get a loan as well from share capital
Kindly help me how I can join money market fund i want to start saving there
I can't sleep without watching susan videos more love ❤
Thanks for the information, now my question is, how would you advise, to save his money, for a person staying overseas??
Your channel is very informative.Keep it up
Thanks a lot, Susan. God bless you for blessing us with important information ❤
Thank you Susan..
I love your wonderful insights in this Sacco vlog.
I have clearly understood how the 2 accounts work.
You are truly a powerhouse in what you are doing.
Keep up the good work. You have earned a subscription from me 😊
I love financial literacy and one day my dream is to meet you. And ask more questions about investments
Thank you for the financial literacy, very informative content👏🏻
My sacco uses deposits to give dividends and loans, share Capital only remains constant
Great lesson on saccos
Well understood difference between share capital and savings
Am so grateful to have known you coach Susan. Keep up the good work. Am well informed especially about investment.
This has been helpful. Thank you Susan
Very insightful, learning a lot from your videos
Thanks for this now Mine I have deposits. Please do I have to open another account for share capital or how does. It go please?
Thanks name sake
Kindly guide Us on other best avenues to safe money
I Thank God for knowing you when I needed you most..Thanks Lynn Ngugi kama sio wewe mayb I coudnt have known her❤❤❤
I love this background rather than that of the office. Nice lesson 💯
informative. Thanks Susan
thanks for the clarification. I wanted to join one.
Great information, Kindly advise me on the best Sacco I can invest in .
Here, saving with stimma Sacco
Have benefitted a lot from your teachings. Thank you gal@Team Lynn
Saccos are also Hell
offcourse briefcases are mushrooming, so due diligence is required or else you lose your money. Generally saccos are good espe for loans. But if you have enough money you may want for projects etc then no need to join saccos
I have learnt so much from you on Lynn's table
Super -Enrinching
congratulation coach wetu tumepita 100k
Which is the best Sacco to operate with
I feel a little confused here... don't saccos have things like REID and shares, which by the offer some of the best percentage returns?
I'm planning to join a sacco and it's not to get a loan coz I'm not planning to save with the sacco but to invest in it. Are you saying I'm about to commit a mistake?
@morrisonrhill2237 what?
Great information
I love ur explanation coach Susan team Lynn we are happy for you gal
Thank you for sharing...very informative
Hi, please make your videos more audible
Great insight.
Forever resourceful Finance Friday!, we thank you so profoundly coach❤
May get your contact
Can I use a bond to pay my sacco loan?????
Makes me almost want to cry😢