Saturday, December 15, 2012

ADVICE:U AREN’T A FAILURE AT 25 YEARS & STOP ADMIRING THE AMAMA MBABAZIS


Ugandans these days are so over ambitious,at 25yrs someone is already talking about being a life failure. Why that early? Don’t follow the trends of those corrupt officers who get rich at 23yrs,One cant be rich at 25yrs anywhere in the world, Just be patient.
Facebook’s Zuckerberg doesn’t have cash but they assume if his investment continue like its today he will be a bigger billionaire than Bill Gates,thats how wealth is counted, and besides,how many Zuckerberg do you know in this world,why rate yourself a failure basing on a fraction in a million?
In any case, Zuckerberg’s background cant be compared it with Ugandan pipo currently. But advise to my fellow Ugandans is to use the curve of diminishing returns in economics & apply it in our entire life span. Calculate the u finish skol @ 23 yrs, if u are luck enough get a job, work & save yr money monthly, if u save 40% @ 30 yrs life must have bn changed, @least build a h’se, have a family & a family car, the life goes on. But in Uganda we have bad habits like we spend much & save nothing. Secondly stop admiring pipo who accumulate wealth through corruption. Stop admiring the Amama Mbabazi and family, Sam Kutesa, Salim Saleh, Bigiri- mana, Museveni and family, Kazinda, Otafiire and kids, Tamare Mirundi, Otto Patrick, Rwakutana and family, e.t.c
The word “Millionaire” in Uganda doesnt refer to the rich,children pay millions in fees at school,and many people have salaries in that tune,in otherwords everyone is a millionaire in Ug, We are talking about being rich.Justin beiber is a successful artist not businessman,he is actually not rich but well off. While they can say he has Million dollars on his account,they don’t tell you how much he spends on a single holiday trip,that’s why you have seen Hollywood stars declared bankrupt before an ordinary American is declared,Tyson is one of them.
Factors in ug aren’t favoring the majorities but minorities. Example in Norway, once a kid is born, government gives a kid around 200 Us dollars every month. Parents open up fixed A/C & a kid get access to that money when he/she reaches 18 yrs. But unlike in Ug government don’t care, our education system is training job seekers & few pipo holding government offices don’t plan 4 future generation, They are so selfish & robbing the little resources available.
Most of the youths in Uganda, i believe don’t desire living within their means. What i advise my fellow youths is that ” spend what remains after subscribing to your monthly saving scheme”. I think even the government sh’ld come up with away of encouraging pipo to have saving culture. U know now in Uganda alwz I hear advert Son radio station’s calling pipo 4 unproductive loans like school fees loans, h’se rent loan etc with high interest which in long run affect pipo’s income.
Someone foolishly takes a school fees loan as if a child is going to produce profit in school.How about the next term? Bajjajja ffe batusomeseza ku mwaanyi,nga cooperative union bweba tenasasula todda ku somero,U educate a child within your budget not beyond it, I have seen many selling land to educate children,then a child after graduation works for 10yrs before he buys the same piece of land they sold to educate him and by the time he buys one,he already has school going children,meaning that same land is readily available for sale.
If you don’t want to save, invest immediately,don’t mind how much,if u save its hard to accumulate,and be disciplined…stop spending on others and waste money,learn from lady Badblack…bagala alina..do ur things…work hard,or die trying…if u have nothing,ure nobody…that’s a life’s fact..this doesn’t mean u should go rob a bank.i know its not easy but avoid loans,avoid credits,don’t show off or live beyond your means coz u want to impress someone,take ur little salary,divide it,do less outings,cut on all expenses,draw a yearly plan on how much u spend and invest,employ a few boys to do small businesses for u e.g chicken/ sausage stands around makerere university and other buzy locations,farming on idle land from your parents/yours,do little business and u get rich faster..dream big
A youth at 25 immediately he gets a job, he takes a salary loan to buy a car,takes housing mortgages which inflicts financial pressure on him. When he later looses his job,he begins chocking on loans and that’s when he declare himself a life failure at an early age, This is “self made failure”

No comments: