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?
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