Uganda's first padel centre has officially launched in Nsambya, Kampala, courtesy of Investment Minister Hon. Evelyn Anite. This state-of-the-art facility opened its doors to the public, introducing them to the exciting new sport of padel.
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Hon. @Anite__Evelyn emphasized the importance of investing heavily in sports development, citing its potential to attract a significant influx of tourists to Uganda. She noted that the government has already laid the groundwork, establishing the necessary infrastructure and support systems to facilitate growth in this sector.
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Speaking optimistically about the sport's prospects, Henrik Andersen, proprietor of the Centre, noted that the future of Padel in Uganda looks promising, thanks to the enthusiastic reception it has received so far.
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Uganda's first padel Centre launched by Investment Minister Hon Evelyn Anita.
The state of the art facility located in Nsambya in Kampala opened her gates to the public to have a feel of the new sport in a successful event on today (Saturday).
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11 THINGS YOU SHOULD DO IN YOUR 20s AND EARLY 30s SO THAT YOU ARE NOT ANGRY WITH RICH PEOPLE IN YOUR 40s!!
1. FOCUS ON EARNING
“In today’s economic environment you cannot save your way to millionaire status,” writes Grant Cardone, who went from broke and in debt at 21 to self-made millionaire by 30. “The first step is to focus on increasing your income in increments and repeating that.
2. DEVELOP MULTIPLE STREAMS OF INCOME
One way to earn more is to increase your streams of income. In author Thomas C. Corley’s five-year study of self-made millionaires he found that many of them develop multiple streams of income: 65% had three streams, 45% had four streams, and 29% had five or more streams.
These additional streams include real-estate rentals, stock market investments, and part-ownership in a side business.
“Three streams of income seems to be the magic number for the self-made millionaires in my Rich Habits study, but the more income streams you can create in life, the more secure will your financial house be,” he writes.
3. SAVE TO INVEST, DON'T SAVE TO SAVE
Writes Cardone:
“The only reason to save money is to invest it. Put your saved money into secured, sacred (untouchable) accounts. Never use these accounts for anything, not even an emergency. This will force you to continue to follow step one (increase income). To this day, at least twice a year, I am broke because I always invest my surpluses into ventures I cannot access.”
Investing is not as complicated or daunting as we make it out to be.
Treasury Bills and Bonds, Unit Trusts etc are some good areas to put your money away.
The key to consistently setting aside money is to make it automatic. That way, you’ll never even see the money you’re contributing and you’ll learn to live without it.
4. BE DECISIVE
“Avoid decision fatigue,” writes Tucker Hughes, who became a millionaire by 22. “Attention is a finite daily resource and can be a bottleneck on productivity. No matter the mental stamina developed over time, there is always going to be a threshold where you break down and your remaining efforts for the day become sub-optimal.
“Conserve your mental power by making easily reversible decisions as quickly as possible and aggressively planning recurring actions so you can execute simple tasks on autopilot. I know what I am wearing to work and eating for breakfast each day next week. Do you?”
Hughes isn’t the only one who believes in developing decisiveness. After studying over 500 millionaires, journalist and author Napoleon Hill found that they all shared this quality.
“Analysis of several hundred people who had accumulated fortunes well beyond the million dollar mark disclosed the fact that every one of them had the habit of reaching decisions promptly,” Hill wrote in his 1937 personal-finance classic “Think and Grow Rich.”
5. DON'T SHOW OFF - SHOW UP
“I didn’t buy my first luxury watch or luxury car until my businesses and investments were producing multiple secure flows of income,” writes Cardone. “I was still driving a Toyota Camry when I had become a millionaire. Be known for your work ethic, not the trinkets that you buy.”
Need inspiration to save more and spend less? Read up on tips and strategies from regular people who saved enough of their incomes to retire before 40.
6. CHANGE YOUR MINDSET ABOUT MONEY
“Getting rich begins with the way you think and what you believe about making money,” self-made millionaire Steve Siebold explains.
At the end of the day, “The secret has always been the same: thinking,” he emphasizes. While the masses believe becoming wealthy is out of their control, rich people know that making money is really an inside job.”
7. INVEST IN YOURSELF
“The safest investment I’ve ever made is in my future,” writes Hughes. “Read at least 30 minutes a day, listen to relevant podcasts while driving and seek out mentors vigorously. You don’t just need to be a master in your field, you need to be a well-rounded genius capable of talking about any subject whether it is financial, political or sports related. Consume knowledge like air and put your pursuit of learning above all else.”
Many modern-day successful and wealthy people are voracious readers. Take Warren Buffett, for example, who estimates that 80% of his working day is dedicated to reading.
8. DITCH THE STEADY PAYCHECK
Rich people are typically self-employed and determine the size of their own paycheck, Siebold writes: “It’s not that there aren’t world-class performers who punch a time clock for a paycheck, but for most this is the slowest path to prosperity, promoted as the safest. The great ones know self-employment is the fastest road to wealth.”
While the world-class continue starting businesses and building fortunes, average people settle for steady paychecks and miss out on the opportunity to accumulate great wealth.
“The masses almost guarantee themselves a life of financial mediocrity by staying in a job with a modest salary and yearly pay raises,” Siebold says.
9. SET GOALS AND VISUALIZE ACHIEVING THEM
If you want to make more money, you have to have a clear goal and then a specific plan for how to achieve that goal. Money won’t just appear — you have to work at it.
Rich people choose to commit to attaining wealth. It takes focus, courage, knowledge, and a lot of effort, self-made millionaire T. Harv Eker emphasizes, and it’s possible if you have precise goals and a clear vision: “The number one reason most people don’t get what they want is that they don’t know what they want. Rich people are totally clear that they want wealth.”
10. START HANGING WITH PEOPLE YOU ADMIRE
Andrew Carnegie, who started with nothing before becoming the richest man in the US, credits all of his riches to one principle: the Master Mind.
The idea is to surround yourself with talented people who share your vision, because the alignment of several smart and creative minds is exponentially more powerful than just one.
Plus, we become like the people we associate with, which is why the rich tend to associate with others who are rich.
“In most cases, your net worth mirrors the level of your closest friends,” explains Siebold. “Exposure to people who are more successful than you are has the potential to expand your thinking and catapult your income. The reality is, millionaires think differently from the middle class about money, and there’s much to be gained by being in their presence.”
11. SHOOT FOR 1 BILLION DEAL NOT 10 MILLION DEAL
“The single biggest financial mistake I’ve made was not thinking big enough,” writes Cardone. “I encourage you to go for more than a billion. There is no shortage of money on this planet, only a shortage of people thinking big enough.”
HOW YOU CAN OWN A HOUSE WHILE ON A ONE MILLION PER MONTH INCOME
For many young men and women, the prospect of owning their own home is not merely a financial goal; it is a deeply-held aspiration, a symbol of maturity, stability, and independence. It represents a shift from the temporary arrangements of youth to the permanence of adulthood, a chance to plant roots and establish a home base for themselves and, perhaps, for future generations. This aspiration is rooted in a desire for security and autonomy, a longing to create their own space, to personalize their surroundings, and to build a life that is truly their own.
Owning a house transcends the physical boundaries of walls and ceilings, embodying a deeper sense of belonging and the creation of a personal sanctuary. A home is not merely a structure; it is an extension of one's identity, a canvas upon which personal expressions and cherished memories intertwine. Within its walls, families are nurtured, traditions are upheld, and a lifetime's worth of experiences unfold. The notion of having a place to call one's own instills a profound sense of pride and accomplishment, shaping the individual's sense of self-worth and identity.
Picture a cozy living room adorned with family photos, laughter echoing through its warm embrace. These are creation of a family history. You cant create these in a rented house.
However, many young people find it very difficult to own a house owing to the limited resources one has. And as time goes on and the resources starts to increase, so are the expenses. Children start coming in, school fees starts coming in. Before you realize, you are in your 40s still hoping from one rent to the other. 20 years down the road, you have spent over 250million in month rents and still the house isn't yours.
Worst for those who have been staying in free government House. I have attended funerals in Arua where very respected retired civil servants are been buried, the only thing you see are piece of land in the village with anthills and some trees and children crying not because the dad died, but because of the worry of where they are going to sleep next.
It is not yet too late!!!
My Advice Always is:
START, GO SLOW, DON'T STOP!!
The first hurdle is always getting the Land. Once you are able to get land, you would have passed that first hurdle. I always advice that it is easy getting land when you invest in a group. For example get 14 of your friends, move out of town where an acre is going for like 10 million. You buy 2 acres at 20 million divide it by 14. that will mean each person will contribute less than 1.5 million to get 50x100 plot. This way it becomes easy for you to jump the first hurdle. But because you guys are 14 in number, you would have created your own estate, so it now doesn't look far.
Second hurdle is having a design of the house. You can get a decent nice house plan from these young people for like 600k.
Then you purpose to start saving some monthly money either with a hardware shop or in a secure location. Even if you purpose 200,000 per month. However not long after, you must hit the ground. Even with only 2 million saved. START. That wont take you far obviously. But it will generate something in you which wants to see the house go to the next stage. At this point you will become a little stingy, you will start seeing money in-terms of bricks and bags of cement. BTW, at this point, your eyes will open to start looking for other sources of income.
Don't put your self under too much pressure: GO SLOW.
Even if it means taking 2 bags of cement per day, be it. Just ensure work has to continue at what ever pace: DON'T STOP.
Five years down the road, you will be amazed what you would have achieved.
A house is more than a structure; it's a haven where dreams take flight. Invest in your own piece of the sky, and let your ambitions soar to new heights.
Joel Aita
HOW TO SELECT YOUR BABY'S SEX.
Sperm cells are either X or Y. The Egg cell is always X. If X-Sperm cell meets the egg(X) the baby will be a Girl (XX). If Y-Sperm cell meets the egg(X), the baby will be a Boy (XY).