START Something around the area of your passion

Passion is the Fuel for Purpose, It is needed, the Love to Do and the Love to Will

A GOOD READ for everyone, If you have an idea, it can become your business, Get the skills, be patient and keep growing, After reading the story of these two brothers, I guess it defies the odds that nothing is impossible, even family members can do business together, just have a vision, purpose and passion for what you do... It is the time for young people to RISE.. With God all things are possible.

START Something around the area of your passion as long as you can solve a problem with what you do.. they chose to give quality videos, customer care etc 

http://mobile.monitor.co.ug/Business/Business/Brothers-abandon-careers-for-media/-/2471012/2586648/-/format/xhtml/-/kwd95n/-/index.html

6 Reasons People Stay in Debt by Dave Ramsey

The worst thing that can happen to any man or woman is the DISEASE called DEBT, it is a form of financial slavery that many Banks that loan money never want to educate their subscribers about. The bible teaches that a borrower will be a slave to the lender.

Having read an article from Dave Ramsey, I agreed with many of the reasons listed, they could be more that you yourself knows but here is a list:-

1. They Want to Keep up appearances

2. They are unwilling to sacrifice

3. They fear change

4. They are addicted to stuff

5. They don't know how

6. They are lazy

You could read more from the article and see if anything affects, then DO SOMETHING ABOUT IT, you just need to change your attitude and start off ..

http://www.daveramsey.com/blog/6-reasons-people-stay-in-debt

Compound Interest

The first time I read about compound interest was from the book "MAKE SENSE OF YOUR MONEY" by Mr James Abola. Having understood the principle, I said let me teach my wife what I have found out but more so I gave her the book to read so that she could chew the food and get satisfied on her own. Today as I checked our account, I indeed saw a big change and I must say - knowledge can only be really valuable when put to practice. 

This is what compound interest is from Wikipedia -

Compound interest is interest added to the principal of a deposit or loan so that the added interest also earns interest from then on. This addition of interest to the principal is called compounding. A bank account, for example, may have its interest compounded every year: in this case, an account with $1000 initial principal and 20% interest per year would have a balance of $1200 at the end of the first year, $1440 at the end of the second year, $1728 at the end of the third year, and so on.

Ben Carson says "No knowledge is wasted knowledge" - God bless you as you keep putting to practice these timeless principles - when you read Mathew 25 about the parable of talents, you can see the difference between a person who puts to practice what he has been taught. My wife and I might not be so far in life but we keep growing little by little and one day we shall testify even more because the steps of a righteous man is ordered by the LORD.

Health Is So Important To Work, Service, Business & Financial Management

One person may ask, How does health play apart in my financial management. I would only say one thing ask the people who are sick how much they are spending or how much is being spent on them. If you went to Mulago [Our Referral Hospital] or any hospital in the world, you will agree that one of the greatest asset a human being has is HEALTH. The bible teaches that a merry heart is like medicine to the soul [Proverbs 17:22] and I agree that is very true.

It has been written in the scriptures that we need not to worry [Mathew 6:33] instead seek the Kingdom of God and his righteousness, this is because WORRY can not add anything to your life. One of the things that make us get sick, starts with the state of worry which then brings in stress and we know it's one of the number factors that kills people. Heard of people who get heart attack or high blood pressure, they will tell you they were stressed [worried about this and that].

I write to encourage us to watch what we eat [personally I kicked soda out of my life], I prefer to take juice or water and for the past 1 year now, I have greatly benefited. Find time to exercise and sweat out toxics [every saturday I go to the basket ball court  and I play basket ball which has greatly helped me]. 

The healthier you are, the better you will be to enable you learn and apply the many things you learn. When you are healthy you are able to work. The greatest wealth might actually be your health.

Stay healthy in you mind, soul and body, then you will see the benefits even in your finances.

This scripture puts it perfectly for me: 3 John 1:2 "Dear friend, I pray that you may enjoy good health and that all may go well with you, even as your soul is getting along well."

Some Tips From A Friend "Edward Hire"

1. Pay God first and then pay yourself second. For all income

you earn, take 10% tithe and 10% for saving. Most people

tend to find reasons why they cannot afford to save. Maybe

you are one of them! They often complain of small income

or expensive bills, children are demanding and all kind so

of reasons. How can God bless a storehouse that you do

not have? Deuteronomy 28:8 “The LORD will guarantee a

blessing on everything you do and will fill your storehouses

with grain. The LORD your God will bless you in the land

he is giving

you.” – Edward Hire Yosia

2. Ten to 50 percent of your salary should go to work for you. Money in the purse is only gratifying to the soul; so put your money into you savings plan and less in your purse for immediate and easy spending.

3. Learn to live on less than your purse(i.e what you eventually have left after servicing your savings plan) and learn to live on less than your salary. The Indians are good at this. They are frugal.

4. Don’t be in a hurry to invest. Take a great caution so that you do not lose your money.

5. Analyze your priorities. Discipline yourself to save and invest, and there

by later attain increasing wealth. Money can not quench desires; only.

6. Save for uncertain times such as old age or unexpected circumstances(1 Timothy 5:8 “Anyone who does not provide for their relatives, and especially for their own household, has denied the faith and is worse than an unbeliever”.;6:10 “For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.”).

7. Accumulate wealth first in small amounts, then larger amounts as you learn and become more cable.Your goals should be simple and definite.

8. Be focused, and concentrate your efforts to acquire more information, new friends, strategies for better service, and cheaper and better products.

9. Beware of lending out money. You are not a bank, so do not bring others burdens on yourself.

Tainted Wealth Has No Lasting Value

Proverbs 10:2 NLT [2 Tainted wealth has no lasting value,

but right living can save your life.]

It is always a good thing to sit back and ask yourself, am I making this money the right way, I am being faithful with myself, family and workplace in regards.

There is a high quest to make money and this can tempt anyone to do the most outrageous things which are against the word of God. And because of that we think we are doing the right thing forgetting that what we do now shall also affect our children.

If you are to make money, even when it comes to profits let it not be blown out of proportion, it is good to make profits but the right way - Proverbs 16:11 NLT [The LORD demands accurate scales and balances; he sets the standards for fairness.].

Remember the LOVE FOR MONEY [Not Money] is the root of all evil. This comes as a reminder that money can be made the right way and you can always be happy without any form of guilt. At the end of the day as the scripture says RIGHT LIVING CAN SAVE YOU..

How You Use Your Resources At Home, Will Determine How Much You Save

Sometime back while looking at our home expenditure with My wife, we wondered if the BILLS could be an issue at home especially WATER & POWER. But while I was still at my moms, there is a principle I learnt of switching off lights while not in use and indeed it makes sense, why should lights be on when not in use, I know anyone would want to have the whole house lit up and looking like some CELEBs house but it really doesn't add up to anything.

The vital principal I learnt from my mom came into play when I got married , I told my wife about saving on power by switching off lights and this played into our favor. We also don't keep the taps running anyhow Recently I was asked by someone how much I spend on power BILLS and I told them 20k [20,000 UGX] a month and the same also for water, they couldn't believe but that's the truth. When it comes to using the Micro wave, we used it when we really need too, otherwise Gas or the charcoal stove can warm the food or cook it at that. When it comes to ironing it is done once a week and clothes are ironed for the week sometimes of-course due to change, it could be just twice.

Save on money by looking through your routines at home, you could find yourself doing much more... my wife and I also found cooking a lot of food and not finishing it wasn't good, especially us being two for now, we just cook what is enough to avoid throwing food which is money thrown and wasted. It is not all perfect but as you keep being disciplined you will see the reward.

Let John 6:12 When they had all had enough to eat, he said to his disciples, "Gather the pieces that are left over. Let nothing be wasted."

Dr Myles Munroe once said that SUCCESS is predictable - it is not luck, Failure is also predictable.