Showing posts from 2017

Understand Your Financial Seasons

“…. Winter is coming, how prepared are you? Because after that the sun will shine again to give us hope to get out once more and do a lot more before another winter season…”
Life has its cycles and it is true that you have to go through them. It is written that there is seed and harvest time. There is night and day, rain and sunshine. To you my dear reader, you are probably getting out of one season and getting into another.
I have heard this statement countless times, “There is a time for everything”. Now let’s talk about financial seasons. We need to know how our economy runs, and one of the ways we can know is when there are a few disruptions to the norm of life, one of the clearest indicators is when the price of fuel is sky rocketing, this has an impact on almost everything we purchase. There is a time I lamented why I did not buy Sugar in bulk yet that is what we normally did, the price went up so high that making juice at home was becoming a night mare, however the wholesaler wil…

Attitude Towards Money And The Value Of Work Part 3

I used to think that money would come immediately because I had studied, got an upper second class degree. I thought I would apply for jobs and get them automatically because my papers were good. This wasn’t the case.
I walked the streets of kampala applying for jobs, I even knocked some doors and asked to start as a volunteer. Looking for a job became my job because our education system is simple but holds us captive, go to school, study hard and get a job. The era we are in is a time where jobs are increasing scarce because they aren’t being created. There is systemic poverty. Inflation is high and the economy isn’t doing as well as we all expect. It is a cause for an alarm because the gap between the rich and the poor is widening every day. However every nation will face hard times, we need an industrial revolution to be able to create jobs with the vast resources Africa has. We aren’t poor at all but we are poor in our minds.
We need not give up though because there is still hope an…

Attitude Towards Money And The Value Of Work Part 2

I remember asking my father. Daddy, “Give me some money”, his response “Money isn’t just picked like leaves from trees” 
There are a few insights I have picked up as I steadily run this marathon. Dave Ramsey teaches and says Personal finance is 80% behavior and 20% head knowledge. Our lives strongly dictate how we use money. Benjamin Franklin said, “If you want to think of being wealthy, think of saving as well”. He also said, “Beware of little expenses, a small lick can sink a great ship” Are you the type that is controlled by money, are you the type who gets money and yields to its instruction there and then, and are you the type who doesn’t understand that there are laws that govern money. Listen while we continue to explore a few things.

Money isn’t grown on trees
Money isn’t grown on trees, it is worked for, money doesn’t come by claiming, it comes by working for it, even the money that is given to you by someone is money that was worked for, it is God who touches the hearts of men …

Attitude Towards Money And The Value Of Work Part 1

I grew up in a modest and humble home. My parents were civil servants at the time and they did whatever it took to make sure we had a reasonable lifestyle. I was told that my mother run a kiosk, and sold charcoal.
When I was of understanding age, my mother reared chicken for sale and my siblings and I helped in slaughtering and cleaning these chicken early morning as they needed to be transported to the restaurants/hotels my mother was supplying. We benefited from the gizzards and liver and that was our payment.
In my primary my mother also run a saloon. I believe all these extra jobs or work she was doing was to create passive income or increase their meagre earnings to better the situation at home and also help educate us. I strongly see the work ethic and their attitude towards money was important, if they did not increase their income, we would go hungry and we also wouldn’t be educated. If money isn’t increased it diminishes. The parable of the talents shows us how we need to be …

I Was An Intern But I Was Loaning Money To Salary Earners

While growing up, money seemed to be one of the scarcest commodities.  Because of scarcity, people have had to become innovative and creative to be able to come out of the trap of poverty. When a young man starts thinking of money, in one way or another it is pointing to the fact that this medium of exchange is important and that he needs it to do a few things. From the clothes we put on, to the water we drink and the bills we pay, it all has something to do with money.
While growing up, I was good at making “WIRE CARS”, these are cars made out of wires. One day a primary school friend of mine wanted one of my cars so badly, and because I envisioned some nice doughnuts I loved to eat, I told my friend, he could buy it at 500 Ugx (current dollar rate it’s $ 0.14). That was a turning point in my life, I learnt how to offer a service or create a product that would have value for money. The only problem was that I saw an opportunity to have money to consume.
While having a chat with a youn…

You Don’t Have a Disadvantaged Brain

“You might have a had a disadvantaged background but you don’t have a disadvantaged brain” – Vusi ThembekwayoI happened to watch a video and the man Vusi was talking and he made the above statement, that statement triggered something in my mind. I looked back at the times I have blamed my background or some of the hard circumstances my family went through for not pushing myself in life. I have many times said that if I had parents like this or that then maybe I would not be where I am, I could be in a better place or have a better job or just have better connections.
They gave us an Education
When I look back, I now appreciate that we all have to value work, we need to work hard and use what God has blessed us with. Many times I tell people that my dad did not leave us with acres of land or property except the house that he and mum built which we are really grateful for. He passed away in 2001 while we were still young in our education and if it wasn’t for the grace of God and resilien…

The Book That Has Shaped Me In The Simplest Way Possible

Looking for a book on financial matters, I personally recommend Make Sense Of Your Money By James Abola and Phillip Karugaba This book has been a cornerstone to some of the things I have seen greatly happen in my life, it woke me up from slumber, In addition to having read the richest man in Babylon, there is one thing that I needed to do and that was and continues to be #ImplementThePrinciples

The book only goes for 20,000 Ugx, you can contact James Abola directly or go to Aristoc book store. Those who would want to get it on amazon, see this link…/…/B00JGJKVZ0
In one of the reviews on line, this is what Joseph Ronald Kasozi said,"This is a such a good read on making your money grow and work for you and even keep it ! .
The authors have given practical money tools for winning in life . Lets hope they can write more books along this line ."

He has also written one on Money and Marriage, I am yet to get this one as well, as families…

Never Ever Quit - The Impossible Can Be Done

JUST DON'T QUIT Have you ever felt like quitting, it happens to all of us but there are moments when instead of quitting, you just keep moving forward. God has built us in a way that we can have endurance, perseverance, grit etc, In-fact it is written that we shall reap in due season if we faint not. So don't give up the habit of doing good - it will reward you, your family, community, church and the nation at large. 
I find the message in this video very empowering. #JustDontQuit It can apply to any area of your life, pick out the principles and use them for everyday life.

After celebrating 55 years of Independence in my country Uganda which took place on the 09/10/2017, I pray for the day when you (my fellow Ugandans and readers from other parts of the world) and I will celebrate financial independence as well.  I strongly believe that when we begin to take charge of our lives and lead ourselves with the truths that we have got to know, then nothing is impossible. The journey of…

A Few Reflections When Faced With A Financial Crisis

I hope you are all doing well and enjoying the different resources that are being shared on this platform. You know it's not how much knowledge we have but how we use the knowledge - it's application is what brings transformation. At the beginning of this year, I happened to be a witness to some truths about life. Where I do work, we hadn't been paid for some time and some allowances had also delayed for a long time and mind you, people had got loans best on the allowances that were to be paid and also the institution was closed indefinitely. Despite people having salary loans, they also had loans from loan sharks and from colleagues within. The debt level increases because of multiple borrowing and also borrowing to service another debt. When we were paid eventually some people were still indebted because of multiple borrowing since whoever was owed wanted to be paid there and then. There a few lessons I learnt from this period in time. 1. Financial literacy is important

I have…