Whatever you do, don't open a bank account in your own name.
I didn't know this until my dad stopped me the day I got my first paycheck.
I'd done everything right. Got paid. Went to the bank, opened a savings account in my name, and deposited the whole thing.
My Boss looked at me and said, โYou just put a target on your back.โ
Then I had no idea what he meant.
He explained that the moment your money sits in your name, it's exposed.
Creditors can see it. Lawyers can find it. Anybody with a judgment against you can freeze it and take it completely legally.
So here's what he told me to do:
Step 1. Go to the IRS and apply for an EIN.
A tax ID number, but for a trust instead of a person.
Step 2. Select a revocable trust as your entity type. List yourself as both the grantor and trustee. It gives you full control of everything.
Step 3.
Take that EIN to any bank and open an account under that trust name, not yours.
The money is still yours. You spend it, move it, and invest it however you want. But on paper, it's not attached to you.
If someone sues you, they can't touch what they can't see.
This is the system intelligent billionaires have always used.
Own nothing on paper, control everything in reality.
Members of Kampala Generations attend the Climate Action Summit, 2026
Endeavor to preserve the environment! What you do today shapes the future. #earthday#plantatree#lionsinternational
Yesterday, members of the Lions Club of Kampala Generations held a service activity at Mwana Mugimu nutrition unit in Mulago Hospital where they donated a day to day supplies. They also had an official harvest from the signature project to supplement the meals at the unit.
Kampala Generations Club is having an end of year club meeting where the members reflecting on the previous year and strategizing on the plans for the next year. #lions2025
Kampala Generations Club got chartered today. Charter club members were inducted and Club leaders were also installed.
#lionsofuganda#mission1.5 #iamalion
Due to the Homeโs unfinished kitchen, Lions Uganda donated fire extinguishers and fire blankets to help incase of any future fires at Bless a Child Foundation.
#WeServe#LionsInternational
A courtesy visit was made by President A.P Singh to the @MinofHealthUG where the Lions outlined their numerous projects in the health sector to the PS Diana Atwine. These projects include the Childhood Cancer Project in Mulago, Comprehensive EyeCare in Nsambya and many more.
The Lions of Uganda (District 411B) hosted International President Lion A.P Singh for the first time ever who later visited Bless a Child Foundation where he handed over a car for transportation of children undergoing cancer treatment an activity led by Kampala Generations.
Diabetes starts 10 years before your doctor catches it.
It silently Damages your brain, heart, and metabolism.
The good news: itโs reversible.
Hereโs the step-by-step blueprint to fix it before itโs too late: ๐งต