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6 reasons people know so little about money

Financial literacy was not taught in school which was the only source of learning for many people. They did not know anybody who had applied principles that made them financially better off. The examples they had were of people who stumbled from one financial crisis to another or people who pulled themselves from one financial hole to the next. They therefore concluded that becoming financially content, stable or successful was impossible. They knew people who were financially better off than they were but these people might be unwilling to explain how they got to where they were. That made their watchers conclude that financial success was a matter of luck – being at the right place at the right time; ( yateba dilo ne kafumbe )   – being the child or spouse of a wealthy person or having the right connections. Man was said to be a creature of habit. For instance, we take particular routes to and from work, eat particular foods, and sleep in particular positions. There were peop...

Kampala Personal Money Training

Learn how to beat inflation and more... Akamai Global is happy to invite you, your family, friends and colleagues to the July 2011 intake for the Personal Money Management Course. Benefits of attending the course            Achieve your life goals and stop being frustrated by unfulfilled New Year resolutions            Take control of your money            Understand the real difference between the rich and the poor            Know how to succeed with debt & escape the debt trap            Learn how to invest whether you have little or much            Understand and speak the language of money Classes run from 6pm to 8pm for eight (8) consecutive Mondays. The course fee is Shs 260,000 per person. Booking and payment:...

Be Wise, Be Hopeful

There is a lot of gloom around, courtesy of the roaring inflation that hit 11% during the period February to March 2011. The cost of living is going up as households lose purchasing power. A litre of petrol is costing Shs 500 more now than what it cost at the beginning of the year. The cost of food and other things such as transport has gone up too. A story is told that one day mother bed bug and her children were resting in a mattress when they were suddenly hit by scalding hot water. A young bed bug was so scared by the water attack and cried out to mother bed bug who gave it this assurance, "every hot thing will eventually become cold." We can also take heart that the inflationary pressure will eventually ease of. Economic challenges are like cold winds blowing into a room. An Arab proverb provides useful wisdom in response to this, "Close the door from which the wind blows and relax." Let us take encouragement from the current economically difficult times an...

Kampala Investment Group Seminar with Tony Wainaina

Creating Wealth Using Investment Groups * Are you a member of an investment group, a SACCO or Merry Go Round (Circle)? * Is your group thriving or striving? * Do you have questions on how an investment group should operate? * Do you want to improve your individual financial security? Come listen to and interact with Tony Wainaina, an investments guru from Nairobi, Kenya with over 21 years experience in the investment industry. Tony is the former CEO of Trans-Century Ltd, which started as an Investment Group with 29 members and is now a major investment and equity firm operating in several African countries including Uganda. Tony’s passion for group investment and wealth creation led him to found Origins IGA a firm that is committed to transforming the ENERGY of Investment Groups into sustainable wealth creation. Date: Saturday March 12, 2011 Time: 7:30 am—11:30 am Venue: Imperial Royale Hotel, Kampala Fee: Shs 50,000 per person Booking: Akamai Global, B209, 2nd Floor, Amber House Tel.0...