Do this ASAP if you Have Ksh 100k idle in a Bank!

追加: 2026-05-10

[00:00:00]do this asap or as soon as possible. If you have a 100,000 Kenyan shilling just lying idle in a bank, it's doing nothing. Last month that money made you nothing. The other month and probably this month that money will make you nothing. You're sitted there. I know you want to start that business. I know that money you wanted to reach 150,000.

[00:00:23]Probably there is a a certain goal you know you want to achieve or maybe you want to buy a car or whichever it is.

[00:00:28]Let's agree here. You have a 100,000 or even more or less lying idle in a bank.

[00:00:34]It's not doing nothing. You're not piling up to do some it just you're noting a certain goal.

[00:00:42]Just go ahead and do this. Remember what we always say here. Idle money is one of the most dangerous thing in the journey of financial freedom. Why? Because any uncommitted money can actually be used for anything.

[00:00:59]If next week your friends give you an opportunity to go for a road trip, if you own a car for that case, probably you're going to get some cash there.

[00:01:07]This is good, Joseph. I come here, I share with you things and tips on how to invest and where to invest. Not because that I know everything, but I'm a believer just like an iron sharpens another iron. So, do we learn from each other? I know you are here. You want to Okay, fine. Fine. Fine. Enough. Tell us what what should we do? Good.

[00:01:23]Take that money.

[00:01:26]There is a link I will I've pinned on the comment section.

[00:01:31]It will directly direct you to a fixed income fund. I know you are used to a money market fund. Click that link. Once you click that link, it take you to a fixed income fund. A lowrisk investment or should I say a moderate risk investment.

[00:01:50]It's like a money market fund. It's more or less of that of money market fund.

[00:01:56]What is a fixed income fund? It's a fund that earns you interest once you invest your money there.

[00:02:05]Are we together? It is a fund that actually earns you or yields a little bit higher compared to a money market fund. Let me give you an example. This is a money market fund and this is a fixed income fund.

[00:02:18]What happens with a money market fund?

[00:02:20]By law, they who the companies who where you deposit that money are not supposed to invest in anything that exceeds 18 months.

[00:02:30]So they can't invest in things like bonds or something like that. So that's why they are not able to leverage so that they can get more interest. But the fixed income fund they are allowed to do that. That's why the interest on the fixed income fund is a little bit higher compared to a money market fund.

[00:02:47]So what am I saying? Once you click that link, by the way, that is by the company called Antika or you can join any other company out there. I've only made it easier for you for those who maybe are confused. They don't know where to start. Maybe you are outside the country or something like that. So once you go there, there is a form you'll be required to fill in. You upload your documents and then you wire your cash there and you can top up. First of all, fixed income fun. I know what you may think. You're fixing your money. No, you're not.

[00:03:18]Your money you can withdraw it any given moment. You can top up any given moment.

[00:03:22]It earns you a compound interest. What is it? That is when your money earns you interest and you don't eat the interest and you let it be. The interest also earns you interest. Just like the way you give births to kids who will give birth. So out of you will come a very big generation that is compound interest.

[00:03:44]fixed income fund they invest in things like bonds they leverage on higher you know longer financial instruments that's why they are able to make a little bit of higher interest out there so fix fixed income fund they belong to the same family with the likes of the money market fund it's only that the money market fund became the popular kid in that family but it is an investment that I would definitely recommend especially right now when you realize that people are also for getting less of interest on the money market fund because on a very serious note interest on the money market fund has actually little kind of gone down but I always tell people even if they go down let your money be or if you're seated there and you've ever heard of a money market fund the same same link if you click it is on the comment section I've pinned it out there if you would like also to invest on that go ahead and again and do so there's nothing wrong with it money market fund you can also invest there where you can get your money any given moment. you can top up any given moment gives you the interest of but the interest rate of fixed income fund talk about 11ish 12ish or something like that right now to get that percentage is quite it's quite a thing bearing in mind that the central bank of Kenya has been lowering the rates all the way down to 8.75 remember we came all the way from like 13 there now we are at 8.75 so if that interest rate keep on rolling like or keep on going down. It means that the interest that you are getting from the returns that solely depend on the capital market or how the central bank behaves and such then of course the interest rate will actually go down.

[00:05:29]That's why I'm saying you can leverage that on the fixed income fund. This is why I said if you have 100k that is idle in your bank probably that money is you're not really investing in a fixed income fund because ultimately you're going to have that money forever in a fixed income fund. No, it is just a holding bay, a holding place for that money. Probably let's say your sole interest is to get into the stock market.

[00:05:53]But we can say you're going to learn about the stock market where your money is, I don't know, you can have that money somewhere giving birth to babies as you study the shares or the stocks.

[00:06:02]Once you gather the substantive amount of knowledge required to take the action of investing now you can get that money and not only the money that you did invest plus also the kids that have been given birth from that particular money you get what I'm saying so that is exactly how I would recommend you do it take that money invest somewhere probably you're sitted there with your 100,000 or 200,000 or even a million or whichever the money that you have but that money you would like one day maybe say to start a business let's say you're watching me from outside the country.

[00:06:34]You went there. The sole purpose was to accumulate a certain amount of money.

[00:06:38]Let's say you want to reach half a million or whichever the money that you want. You come back here. You start you get into agri business or you get into the business or you get into whatever kind of formation. You know, everyone has their own path.

[00:06:51]You get what I'm saying? Everyone has their own path. And I always say whatever I talk about here on this channel does not mean necessarily that everyone must do what I'm saying. You know the whole point is for us to be successful. Let us meet on the top. It doesn't matter the route that you follow. Some will follow the business route. Others will follow the business of investments. Others will follow the business of you know selling their services and the skills and something like that. So it doesn't necessarily matter what exactly that you would like to do. It is more or less of that of uh you know how can I say it?

[00:07:26]It it just follow that works for you because there's somebody who tell me hey it doesn't make any sense Joseph I take my 100,000 I put it in an investment where I earn 10,000 or or five or whatever the amount of money in an year where else I can take that money and put it back in the business that I am in and that money can make me for if you have an opportunity of doing that maybe you're watching this video and that 100,000 that you have um you can actually plow it back to your business and they can can actually earn you money, that would be great. That would be great. Go ahead and do that. The only thing that I'm avoiding is just having that money lying idle in a bank. That is not a good move. Especially right now as we speak in Kenya, we have an inflation of around 4.6%. Do you know what is 4.6%. Let me explain. If you let that 100,000 sit there the entire year, assuming that inflation holds for the entire year at a rate of 4.6, 6 it means that you have lost 4.6% of your money from a bank. So what is 4.6% of 100,000?

[00:08:30]That is 4,600. So at the end of the year you are 100,000 minus 4,600 that's like 94,000 thereabout or 95,000. Let's talk about 95,000 something like that. So the 5 4,600 it's it's gone. Sure. I know when you ask for your for what do you call it for for a balance you will see it's 100,000 but that money has lost power by 4,600 what you could have bought with 100,000 last year assuming the inflation rate was zero you need to add 4,600 on top of the existing 100,000 for you to buy that specific thing I hope you've understood that sometimes explaining what is an inflation becomes very hard from most of the people but I hope you've understood exactly what I'm talking about. So the point here guys is please don't let that money lie idle in a bank. And if you want to deal with the worst case scenario, worst case, the one that I cannot even recommend, I should not even say it here on this video, but let me just say it. If you are the laziest investor ever, ever ever ever walk into your bank, ask them for the any investment go from your bank go to the department of investment.

[00:09:43]You know in the bank is made up of different departments. We have banker insurance. We have likes of the the normal commercial banking and then we have the investment banking and bashara club and all those kind of things.

[00:09:52]Bashara club. Bashara means business. So walking to the investment department, ask them what product do they have and please it is more of you telling them than you listening to them because they actually going to direct you to a product that is more of them benefiting than you. They probably direct you to a fixed deposit or something like that.

[00:10:10]ask them for you know some other better product rather than your money just like I do. For example, you can ask something like um uh I forgot that name actually. Um ask for those uh ask for those fixed deposits or you know something and an arrangement that you can have with that bank so that you can all benefit. I was about to say something but again it'll be like me advertising for a certain bank so I'm not going to say that. So walk in there to the investment banking and then ask them what they have or what they can propose for you and then again ask for the interest rate. Compare that with the current inflation because it doesn't make any sense. Somebody telling you we'll give you a percent of five 5%.

[00:10:54]And then the inflation is at 4.6%.

[00:10:56]Surely they're giving you 0.4% then deduct the tax which is 15% of the interest.

[00:11:03]That's like another whole like you're still on on the mucky waters. You're still not out of woods. So get for something something that is at least 7.5% and above. That's a decent one.

[00:11:14]It's a decent one because it's positioning you above inflation. But again for me I'm not so for that. I'm I'm not for that because at 7.5% and in the inflation is at 4.6. That's like you're almost getting nothing by the way if you ask me. But I don't want to mention you get that money into the stock market. Probably you might be a beginner here and I don't want to channel that money for now. If you just somebody who is you have some cash, you don't know what to do with it. Go open that fixed income fund. Go open that money market fund. Deposit that money there. Let it be and move with it. This is good Joseph. And don't forget, go hit that like button, subscribe, and leave a comment on the comment section. And uh what can I say? See you in the next one.

[00:12:00]If you need my services, you can always pick that number of mine. Shoot me a text or a call. Let's talk business. But for now, it's a goodbye. See you in the next one.