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Don’t be too comfortable with your salary in this ‘Kujikwatako’ economy

Watchdog Uganda by Watchdog Uganda
8 years ago
in Lifestyle
1 0

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By Faridah Nakazibwe

The greatest mistake most working people make is to get too comfortable with the money they make in their jobs. I have seen people that have had good jobs but today look like they are living in a war torn country & starving while looking miserable & broke after losing their jobs. They were too comfortable till it all changed & now left shocked & depressed.

Some people have woken up & are trying. I know we all want to make it in life. We all want good things & a little more than we have. We want the best & it certainly won’t come from our salary. We therefore need to take calculated risks that will raise chances of us making it better with a little business on the side to secure our futures.

The rich & those successful are never satisfied with a stagnant single source of income. A lot of people live on stagnant income & are comfortable with it which should not be the case. I feel that we should look for ways to increase our income & at some point start to make our money work for us. Leaving your money at a standstill while having a single source of income is a huge mistake you shouldn’t make especially if you have a family.

Take risks – I mean,calculated risks . There are also foolish risks we should not make. Before venturing into a new business or making a new investment, be sure to have a sound plan & please start by carrying out a ‘SWOT’ analysis (Look at your Strengths, Weaknesses, Opportunities & Threats) & you make a good decision & start.

Always remember not to be too scared. Every investment comes with a measure of risk & the potential to lose money but, ask yourself,can you handle if it does not go well. And how will you change your life if it works?


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
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Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

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