How to Compound Ksh 5000 to Ksh 1,000,000/= Stress FREE!🤑 Power of compounding.

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  • čas přidán 3. 03. 2024
  • Compound interest is an 8th wonder of the world. Those who know it use and those who don't pay for it, those are great words of Albert Einstein. On this video am gonna show you how to compound a monthly savings of kah 5000 all the way to a kah 1,000,000 in a period of 10 years.
    Contact: 0114456187
    email: mugonderitu@gmail.com

Komentáře • 203

  • @inspirewithwyclife
    @inspirewithwyclife Před 3 měsíci +33

    Always praying to have a partner who believes in creating wealth and having a strategy aki..its possible for money to work for us

    • @mariakiky2600
      @mariakiky2600 Před 3 měsíci +4

      All things are possible to them that believes..

    • @Iamjay335
      @Iamjay335 Před 3 měsíci +2

      My too a business mind individual,wth mentally of seeing what others not seeing in business world.

    • @ryspherchepkemoi7775
      @ryspherchepkemoi7775 Před 3 měsíci +1

      May God give you desires of your heart

    • @llandreassen8234
      @llandreassen8234 Před 2 měsíci +2

      Pls Joseph give us places of names where one can get the compound interest. Examples

    • @FAYMWESH
      @FAYMWESH Před 23 dny

      God will come through for you 🙏

  • @monicahmwihaki4672
    @monicahmwihaki4672 Před 3 měsíci +10

    😂😂😂, still following you daily. If I fail again financially, then am the greatest fool!! I wish I knew you before!!

  • @MoreyW
    @MoreyW Před 3 měsíci +14

    This is quite insightful Joseph have really gained a lot
    Knowledge is power
    The power of compounding

  • @JVcob20
    @JVcob20 Před 2 měsíci +12

    Am 20yrs old now, This is a real eye openner

  • @childofgod8365
    @childofgod8365 Před 3 měsíci +13

    I love this man. Imagine the knowledge he is giving us?

  • @njerigasheri
    @njerigasheri Před 3 měsíci +18

    Wish I met you earlier 💕💕💕...I started mmf January n my target is 5000 per month being in a small business I feel like a super star ...

  • @naftalimiheso249
    @naftalimiheso249 Před 3 měsíci +7

    Since I started this idea am seeing fruits. The interest alone encourages you to save even more.

  • @DomieKip
    @DomieKip Před 3 měsíci +9

    "whether you invest or not, 10years will lapse"
    😂 This got me.

  • @nancywaringa28
    @nancywaringa28 Před 3 měsíci +3

    Wow very educative

  • @user-mj5bj4jf3f
    @user-mj5bj4jf3f Před 3 měsíci +1

    Thankyou so much.Great knowledge

  • @augustinetumuti6730
    @augustinetumuti6730 Před 15 dny +1

    Very impressive and knowledgable

  • @Alex-fm1pt
    @Alex-fm1pt Před 16 hodinami

    I have been saving 10k monthly and the progress is going hire. I like your advice on financial management

  • @irenegachie1139
    @irenegachie1139 Před 3 měsíci +3

    Thanks good Joseph. Always an eye opener. Going for this

  • @jaymeskuriah
    @jaymeskuriah Před 3 měsíci +3

    Informative

  • @marywanjiku5100
    @marywanjiku5100 Před měsícem

    Very educative thanks

  • @dymesk650
    @dymesk650 Před 3 měsíci +8

    Thank you mentor may the universe always pour to your plate

  • @kuttomoses
    @kuttomoses Před 3 měsíci +1

    Thanks for the update

  • @ExploreMaasai
    @ExploreMaasai Před 3 měsíci +1

    Asante sana mr good Joseph

  • @lucywanjiku2897
    @lucywanjiku2897 Před 2 měsíci

    Very inspiring love it

  • @BudgetPoultryFarm
    @BudgetPoultryFarm Před 3 měsíci +3

    thanks for sharing

  • @zippyndash9970
    @zippyndash9970 Před 3 měsíci

    Very informative.. Kudos 👍🏽

  • @shemmusa6598
    @shemmusa6598 Před 3 měsíci +2

    Good stuff

  • @siniusaudrey3387
    @siniusaudrey3387 Před 3 měsíci +5

    Am actually glad I came across this channel. Good Joseph you are amazing

  • @paulinemwangi3338
    @paulinemwangi3338 Před 3 měsíci +6

    Good Joseph ,thanks so much .This is a lesson to put in action .

  • @kelvinomoke6790
    @kelvinomoke6790 Před 26 dny

    Very educative indeed

  • @vivianjasphet113
    @vivianjasphet113 Před 3 měsíci

    Eye opener,,, thanks 🙏

  • @marywairimu5294
    @marywairimu5294 Před měsícem

    I like your teachings

  • @monique6181
    @monique6181 Před 3 měsíci +2

    Very inspiring

  • @ramaahke512
    @ramaahke512 Před 3 měsíci +6

    Good Joseph keep the fire burning

  • @josekioni1423
    @josekioni1423 Před 3 měsíci +2

    Thanks alot namesake, this is the kind of knowledge I really needed. I have gained alot since I slid into your inbox.

  • @nancytenai626
    @nancytenai626 Před 3 měsíci +2

    Very clear and achievable

  • @judithmaina2092
    @judithmaina2092 Před 3 měsíci +2

    This is awesome

  • @elizebethmua1649
    @elizebethmua1649 Před 3 měsíci +2

    Impressive

  • @ednasaru5299
    @ednasaru5299 Před 3 měsíci +2

    Thanks i have learn something

  • @martins2191
    @martins2191 Před 3 měsíci +2

    People should be their own bank. Invest uourself rather than bank to do it and pay you retirns.
    I learnt this trick 2 years ago. You can make 25-100% interest depending on what you trade on ( food, sheep, etc)

  • @rosemaina6718
    @rosemaina6718 Před 3 měsíci +3

    I have learnt alot from you. Just opened a mmf:)

  • @buildplanconsult4411
    @buildplanconsult4411 Před 3 měsíci +2

    Just what i needed..thanks Joseph

  • @mercyG78
    @mercyG78 Před 3 měsíci +1

    Awesome

  • @cikumainone
    @cikumainone Před 20 dny

    Making sense kabisa

  • @jaymohjuniour9936
    @jaymohjuniour9936 Před 3 měsíci

    Amazing great ideas to secure our future,Thanks GJ

  • @musabivan2918
    @musabivan2918 Před 2 měsíci +2

    I was doubting this formula until you talked of how old will be my kid😂😂😂😂😂,for sure you're genius 🤣

  • @carolynadhiambo3587
    @carolynadhiambo3587 Před 3 měsíci +1

    Very impressed

  • @HecProman
    @HecProman Před 3 měsíci +2

    This is insightful. Thank you Bro.

  • @pamelawere4855
    @pamelawere4855 Před 2 měsíci +1

    That's so amazing

  • @tripplem8188
    @tripplem8188 Před 3 měsíci +1

    i got the points,,thanks for sharing

  • @charlesantoney1769
    @charlesantoney1769 Před měsícem

    Amazing way to invest!! Sounds outrageous!

  • @ochakolongleonard2927
    @ochakolongleonard2927 Před 3 měsíci +3

    It's an amazing presentation.
    Am getting you loud and clear from Uganda...
    Kudos Joseph..

  • @nikiwek.h6728
    @nikiwek.h6728 Před 14 dny

    Knowledge is power. What an eye opener

  • @KINGDARIUSKINGDARIUS
    @KINGDARIUSKINGDARIUS Před 5 dny

    It's amazingly

  • @jaredokinyi4491
    @jaredokinyi4491 Před 3 měsíci +1

    Good

  • @michaelmwangi9915
    @michaelmwangi9915 Před 3 měsíci +1

    I will use the method to educatte my children, because they're still young

  • @tobiasotieno7881
    @tobiasotieno7881 Před 3 měsíci

    I love that.

  • @user-js7en2kg4k
    @user-js7en2kg4k Před měsícem

    Bro thanks so so much am Ugandan am always following your teaching and this one has directly hit at the right sport. God bless you a lot brother thanks more brother

  • @faithwanjiru1038
    @faithwanjiru1038 Před měsícem +1

    Albert Einstein the father of science 😊

  • @eaglesoscar1714
    @eaglesoscar1714 Před 3 měsíci +5

    JOSEPH,i dont know how to thank you,since last yeah nimekuwa nikikufollow,and somewer batter since
    nianze kusave

  • @yopadmedi254th
    @yopadmedi254th Před 7 dny

    Wow! Thank you so much 🙏

  • @mauricekidambi9470
    @mauricekidambi9470 Před 7 dny +1

    This man is God send

  • @lynnjuekirimi9318
    @lynnjuekirimi9318 Před 12 dny

    Eye opener

  • @MirriamSofe-yj9pq
    @MirriamSofe-yj9pq Před měsícem +1

    Im a South African,does this mean he should shift to rands,a person in Botswana demands,pula etc.Its so easy after listening to put the shilling into you're currency.The beauty is that you now understand Kenyans currency and respect for the teacher.

  • @kuntaisaika9606
    @kuntaisaika9606 Před 3 měsíci +2

    So articulate and meticulous... compounding best explained thank you Joseph.

  • @owinomakochieng828
    @owinomakochieng828 Před 3 měsíci +3

    Good dissemination of valuable information. You did not, however, factor in inflation. But it is still better than keeping the money in the bank.

  • @Everjjo
    @Everjjo Před 3 měsíci

    Thanks. Good Joseph am gain something here

  • @ronwyneking2763
    @ronwyneking2763 Před měsícem

    Why did I find your channel so late, but its never late, thankyou

  • @countdowncrest
    @countdowncrest Před 23 dny

    Much love from Lagos Nigeria

  • @user-ew7kv4yx1r
    @user-ew7kv4yx1r Před 3 měsíci +3

    Wow

  • @rosemueni8681
    @rosemueni8681 Před měsícem +1

    Will start

  • @gwk3937
    @gwk3937 Před 3 měsíci +1

    Love how you've simplified the information. How can one convert it to a monthly income after retirement?

  • @leilahmoenga6796
    @leilahmoenga6796 Před 3 měsíci +1

    how i wish i had this information years ago..instead taking education policy that has so many restrictions

  • @elizabethshete176
    @elizabethshete176 Před měsícem

    Credible

  • @antonywanjiku5212
    @antonywanjiku5212 Před 3 měsíci +5

    What are the best money market institutions?

  • @ryspherchepkemoi7775
    @ryspherchepkemoi7775 Před 3 měsíci

    From today i will start saving ...this MMF i dont know but i must join

  • @lucymwangi-hv1em
    @lucymwangi-hv1em Před 3 měsíci +3

    For sure I was thinking of this way of compounding money kumbe I was right all the way.thanks a lot for your affirmation

  • @cebisanilinda2052
    @cebisanilinda2052 Před 3 měsíci +8

    Good information, however use the United States Dollar (international currency) in your illustrations since some of us are not Kenyans.

    • @goodjoseph220
      @goodjoseph220  Před 3 měsíci +8

      Get the concept. The concept remains the same irrespective of the currency

    • @sarahmuchina1910
      @sarahmuchina1910 Před 3 měsíci

      ​@@goodjoseph220Since I can't tag him I will just tag you and comment @Cebi if you are in the US look up your bank Money Market Savings the more you put in your account the higher the interest is we have Secu (has very good rates)in Maryland and Navy Federal we make at least $1500 per year

    • @jannynyma4146
      @jannynyma4146 Před 3 měsíci

      $ is the same but different compounding interest

    • @brianmanga3995
      @brianmanga3995 Před 2 měsíci

      I get you, it's like explaining to the Chinese or a Britain to calculate his currency in KSH.

  • @FATMACHANGANI
    @FATMACHANGANI Před měsícem +1

    May God bless you Mr am your new subscriber and am enjoying watching and benefited at the same time

  • @LewoVanpersie
    @LewoVanpersie Před měsícem

    Woke up this morning met you i see i can make it out of the Little am just 20

  • @meshlutta_
    @meshlutta_ Před 3 měsíci +1

    Do it practically and document it, but we appreciate the explanation

  • @perisnjuguna6708
    @perisnjuguna6708 Před 3 měsíci +2

    Very helpful

  • @maryamjey6340
    @maryamjey6340 Před 3 měsíci +2

    That you Joseph.. Me and bank's not again. .

  • @martintumwine507
    @martintumwine507 Před měsícem

    I wonna learn more about compound interest.

  • @msemakweli-wk3lg
    @msemakweli-wk3lg Před 19 hodinami

    Well explained, only one error. If you start at 5000/- every month in January, there's no way the 5000/- that you deposit in Nov, Dec or any other month will earn the 12.5% at the beginning of this second year. Every input must do its own 12 months. So, it is a graduated, or stepwise cumulation over time: Jan to Jan, Feb to Feb etc.

  • @cikuciku4345
    @cikuciku4345 Před 3 měsíci +2

    Shukran, I'll continue being patient koz i want a long term investment..

  • @jameskingori2227
    @jameskingori2227 Před 3 měsíci +2

    Thanks brother

  • @techarch8851
    @techarch8851 Před 13 dny

    Think its all looks rosy with all with the figures but there are 2 factors:
    1. You have not factored the currency depreciation. In 10 years the 1mil will be worth 500k.
    2. You are always saving 5k every month not like its just multiplying by itself. in those 10 years you might probably have gained 150k in total.

  • @eunicewairimu6008
    @eunicewairimu6008 Před 3 měsíci +2

    Hi joseph, i have bn watching u in most ur videos. My quiz is can one save more n which MMF is good to invest in?? Kindly explain.

  • @ronaldmwakina2653
    @ronaldmwakina2653 Před 2 měsíci

    Possible that 🤔 ❤

  • @FrancisOtieno-rr7qb
    @FrancisOtieno-rr7qb Před měsícem +1

    Which institutions are good for compound interest

  • @peterkandie6974
    @peterkandie6974 Před 3 měsíci +1

    can you please suggest a money market fund? and where to find them

  • @salomewaithera9319
    @salomewaithera9319 Před 14 dny +1

    Thanks for information Joseph, which bank can we invest this.

  • @mariakiky2600
    @mariakiky2600 Před 3 měsíci

    God sent good Joseph 🙏🙏🙏🙏

  • @Nelsonb865
    @Nelsonb865 Před 3 měsíci +2

    Which MMF do you recommend sir?

  • @asmachege3471
    @asmachege3471 Před měsícem

    Wish I met you earlier,,,,

  • @digitalmarketerken
    @digitalmarketerken Před 3 měsíci

    Good Joseph 😀 awesome share! I have leveraged crypto profits for my money market fund 😊

  • @marywanjiku5100
    @marywanjiku5100 Před měsícem +1

    which is the best mmf company to open

  • @peterkombo2479
    @peterkombo2479 Před 3 měsíci +1

    Which mmf do you propose on this case sir

  • @childofgod8365
    @childofgod8365 Před 3 měsíci

    A good way to invest for retirement

  • @mosesndegwa-wo3sz
    @mosesndegwa-wo3sz Před 2 měsíci

    I also invested in money market but I didn't compound it I left to grow but sai I've calculated it will beat insurance saving plan

  • @MosesWachira-ul2rm
    @MosesWachira-ul2rm Před 27 dny

    truly we a in environment full of hidden gems if we only get such Good people as Good Joseph to help us tap into this opportunities,,God bless you Joseph

  • @johnrobert64
    @johnrobert64 Před 3 měsíci

    Which institutions provide compounding interest. I thought of this back in 2015 and failed to find a bank offering that option.

  • @denismaina6856
    @denismaina6856 Před 23 dny +1

    so does that mean if i invest double i can cut the time needed by half?

  • @erastusmuigai8945
    @erastusmuigai8945 Před měsícem