Don’t get caught off guard this January. @BrianMulondo, @MariahNantume & @dmutaks give you insights on how to plan for your money this December & see your way out of the usual January struggles. Register here: https://t.co/zl3tulC6EZ to attend on 13/12/22 #NSSFFinancialLiteracy
A story about Compound Interest (Thread)
If you have been struggling to save money and you don't understand compound interest, I am about to tell you an interesting story. It comes from an Indian Folktale called "One grain of Rice" Here we go.
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In investing, risk, return & age are highly correlated, using the risk-reward trade-off principle. The older you grow the more risk-averse you become. On 29th November, we discuss risk tolerance versus age. Register here: https://t.co/YcojlA6EJ0 to attend #NSSFFinancialLiteracy
What to do after you build your first home. (Short thread)
I wanted to conclude the home ownership debate this weekend by turning to a less observed viewpoint: Why do people work hard to build homes and seemingly get stuck thereafter?
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Today, I spent the morning time at @nbstv, discussing the current economic situation and what needs to be done in order to successfully get out of this problem;
1. I started by explaining that ECONOMIC SHOCKS are inevitable. @BOU_Official@mofpedU@KKariisa
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Many countries are currently grappling with a recession. As I have explained before, an economy is just like a human being; it can get sick, and it can heal or die.
What matters is to prevent "ECONOMIC MORBIDITY" and "DEATH". What needs to be done?? @mofpedU@BOU_Official
The best time to plant a tree is 20 years ago and the second best time to plant one is now. It's not too late to start saving. Make this #WorldSavingsDay day the beginning of your Financial Freedom journey.
Savings should be looked at as an opportunity to buy your economic freedom. As we celebrate #WorldSavingsDay this year, think about how you can speed up your journey to sustainable wealth by saving more.
Young people, please save. The little you get, save a portion & adjust ur life style. I know u want to happen everywhere. Time comes, sometimes pretty early when u can’t earn like u used to. You can get mental challenges especially, when ‘friends’ no longer send you even an SMS.
“People that don’t have time for exercise should prepare to be sick” Find at least 30 minutes to exercise daily and avoid future health challenges that will eat up your finances/savings. Visit:
https://t.co/JezW5aGB4m to view more of this webinar. #NSSFFinancialLiteracy
This Tuesday (3rd May 2022), we bring you another series on how to make the most out of investing in Financial Markets. Join this panel at 10:00am as they take you through how to make your NSSF Benefits Count. Register here to attend: https://t.co/GTnomqgrFT
Investing in financial markets could be the best form of creating passive income. Join Salima Asha, Roselyn Kyohairwe, & Stephen Birungi this Thursday (31st March) for a discussion on how to get your midterm benefits to generate wealth. Click the banner to register.