If you don’t plan for your net income properly, you will continuously be in debt. This will make you live in worry. You don’t need that. Do you? Graph 1 and 2 below illustrate the point of retirement and poverty point. In the above Graph 1; unless you are lucky to be born in a wealthy family, your wealth (driven by your earning potential) starts from the bottom (0). The thick or darker line represents productivity and the lighter one represents wealth. Your wealth will grow or stagnate depending on your productivity, financial discipline and shrewdness. Most people start earning…
Chapter 1, The First F; Financial independence, part 1
A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life. — Suze Orman Are you financially independent? Do you have enough money to cover your basic needs and have some to save for the old age? You need money to buy your needs and wants. You cannot be happy and achieve peak performance unless you afford to buy your basic needs. How do you ensure you are financially stable to have peace of mind? Considering that man’s needs are a moving target, you need a plan for financial independence to…
#coronavirus pandemic: My response to those against the lockdown in Uganda
A one Tom N. Mbalinda has opined against Uganda’s current lockdown of the country, thus: “You cannot shut down an economy because of a disease that kills less than 3% of persons who contract it. These are stats from countries with ageing populations, unlike us. Save for Italy with a fatality rate of over 10%. But let us face it, the median age in Italy is 46, compared to Uganda at 15. I would be considered a young person if I was in Italy at my ‘ripe old’ age of 43. Even when Aids afflicted almost 25% of the adult…
Work hard to be the best: Qualities of winning children Part 2
To work is to be the best in class just read your books and research like when we were in topic 1. To be the best is to be knowledgeable and highly exposed to many things for success and to be top 5 and win like an academic giant. There is nothing that comes for free. Winners invest time and energy. They practice. Practice and practice even more. You must read every page in the book. Look after your books well and also write neatly and keep your books organized. That is a secret of winners. They are hard-working. The…
Chapter 2, Your First Key to a worry-free life
Master the Five F’s to positive Mindset To live a worry-free life, you must master and apply the five Fs to happiness and proper mindset, which together form the first key. The 5-Fs refer to the five critical areas of your life that you must balance to be successful. It all starts with your mind. You need to have the right mindset. To be happy, you need to be clear of what success means to you. Is it about owning 20 apartments in affluent areas of Kololo in Kampala (Uganda), Nyarutarama in Kigali (Rwanda), Lavington in Nairobi (Kenya), in Manhattan…
The #covid19 suspects everywhere!
The #covid19 suspects everywhere! It is not easy to stop a habit. Since 2011, I do road runs at least three times a week. It is now my habit. They say it takes 21 days of doing something repeatedly to form a habit, mine has been done for more than nine years now! When I don’t run, I feel general body weakness. That is the flipside of habits. When you stop, you feel it hard. You must find a compensating habit to overcome another habit. To cover up on the four days, I discovered on the Internet an app called…
