When you choose to marry, it means you must find an appropriate model to handle financial issues. Most of the time challenges that come to my desk as an investigator is couples are complaining about their cheating spouses. You must establish a way of managing your family finances depending on the stage of life you got married to each other. Do you combine 100% of your finances? Do you jointly manage 50%? Does each spouse manage their own finances, or the man provides for the family? Which one? Model 2: Joint account with 50%50% stake Wife and husband agree…
Models for managing family finances part 1
Life is about making choices of the things you will do and the things you will not do. You cannot choose to be everything to everybody and expect to succeed. Let’s explore choices of how to manage your family especially family finances. When I was young, my grandfather told me three things; money, sex, and food are some of the biggest challenges in a given family. If other factors like religion came up where the wife belongs to a certain faith from the husband’s, family tensions may become worse.As you plan, make choices of how to grow the family, you…
Family Finances
Life is about making choices. People who succeed make choices at the right time. If you don’t make right choices at the right time, you risk facing big challenges ahead. How do you overcome such situations and plan ahead for your family? How do you ensure your family marriage is built on a firm foundation? We explore the three ingredients of a successful marriage. You need money, sex and food. Other people will also consider religion. These are important components. If you fail at any of them, you are headed for the worst times in your marriage life. Any relation…
How can we tame hunger?
For any country, the primary stakeholders are her citizens. Next are her strategic allies. What is our country doing to make life so light for all Ugandans and our allies? After every five years, Ugandans go to the polling stations to elect leaders with the best ideas and choices of leading the country to prosperity. What happens when the choices promised are not delivered? How do the citizenries hold leaders accountable? Great thinkers advise that when a country does not choose what it will do well and what it will not do, it ends up being a mediocre country. “You…
Problem solving
Most of the time, organizations are faced with challenges and need innovative ideas to fix them. And if you are innovative, you must be able to diagnose the problem very well. According to the Harvard Business Review article, if you own storied building and one of the biggest challenges raised by the tenants is a slow lift. So, you will think of many solutions of how to fix the lift. Your solution space is install a new lift or configure the algorithms to make it faster or both. However, that way, you could be thinking within a narrow frame of…
Effective leadership
If you get people, blind fold them and ask them to begin throwing stones, can they hit the same target? This is why many leaders have the vision, objectives, know where the business is heading. Unfortunately don’t have the art of how to create commitment and team alignment to ensure the different departments; CEO, HR, Finance and operations have same clarity of the journey. If you give these people roles but don’t show them how they fit their core activities into the bigger picture of the business, they will be throwing arrows in different directions. They will never hit the…
