The POWER of Compound Interest. Ksh 10,000 to 3,000,000.

Never ever disregard the power of compound interest. it's actually another wonder of the world. Albert Einstein said. This video explains 2 scenarios of simple and compound interests. Let's explore the wonder.

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Disclaimer: Always contact your financial advisor whenever making an investment move.

[johnsankale]

Joseph since I started listening to you in the beginning of 2024, I had nothing in my account but now am a happy man, my money market account is doing great with the compound intrest

[bettychepkoech]

Very much informative thanks Good Joseph

[nancyawino]

I invest in both MMF and Bonds, however I reinvest the interest earned from the bonds into the MMF.

[nonimburu]

My favourite financial adviser. Thanks Joseph

[Ndayara]

Thank you but his is true only under the assumption that
1. Interest from bonds is not being reinvested in other instruments
2. The money in the MMF is not being withdrawn at all

[Sto-xd]

Compound interest is the way to go. Some MMFs pay daily interests.

[peresngugi]

knowledge is power. Thank you for this🙏

[yvonne.gacheri-btuc]

Waaooo l think this the best, good job Joseph 🎉🎉

[josekioni]

I believe in the power of compounding interest💯💯☑️

[popa]

Compound interest is the 7th wonder of the world--but dont forget to diversify ur portifolio

[jescah]

It's a good video but you haven't explained well. I expected you to show how to reach 3, 000, 000 from 10, 000. However, you used 1 million to do the calculations which isn't convincing.

[briankigame]

Joseph your content has improved my perception about saving keep up sir .

[jescah]

Kindly repeat the video by showing how you start from 10k to 3 million as the title suggests. In your calculations you have used 1 million instead of 10k to compound. Thus, the calculations aren't convincing to the audience like me.

[fredrickmarwa]

What if someone invest 50, 000 in government bonds for 2yrs,

[msylvini]

Joseph... How did we go from 10, 000 in the title to 1, 000, 000 in your example?

The goal is 3, 000, 000 but the difference of initial investment is 990k. Even with compound interest that's quite a stretch...

[kevinsoyekwo]

Yes, it's very possible...You can apply and withdraw anytime with an MMF

[johnthuo]

Hi can you do partial withdrawal in mmf

[melitomusili]

can you use your money market fund as a security for a loan ?

[aishanamatovu]

Is it because am from Uganda have not understand anything guys am sorry

[dljqzhe]

We mwalimu ni mbaya, nilikuomba Namba ukaninyamazia, just wanted to about mmf, nipate Paybill