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THE OIL CRISIS AND ITS LESSONS ON PERSONAL FINANCE

We live in a Volatile Uncertain Complex and Ambiguous World. Such is the nature of life. No one predicted the oil crisis. No one predicted that Covid 19 would negatively impact the world like it did. A sudden shift in oil prices affects our earning and spending. Money is the currency of life and the absence of money in our lives leads to financial distress. The increase in oil prices affects movements and suddenly prices of basic commodities such as food and water have increased. The pinch is also felt by parents who have to pay school fees and meet their daily expenses. The above show that financial literacy training is a key intervention in enabling the ordinary person to cope up with financial distress. With scarce resources planning and prioritization become very important. A research showed that over 70% of domestic disputes are related to money. This shows that we need to discuss about money if we are to avoid family disharmony. Surprisingly a number of people take money issues l...
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SENIOR SIX WERE RELEASED: WHAT NEXT FOR THE STUDENT?

 It was a moment of so many youngsters on 13th March 2026 when results of Uganda Advanced Certificate Education (UACE) results were released. There is a reason to celebrate because education is not an easy journey. One of the most critical questions after any achievement is the question what nex t? As students celebrate their achievement it is important to take time and analyze their next steps. It is said that it is in the moment of decisions that our lives are shaped. Out of excitement a destiny can be cut short because of irrational decisions. The senior six finalists are at a crossroad on which choice of careers and institutions they should join. Unfortunately after decades of providing career guidance to students from primary to university level I have found that a lot is missing in providing the right guidance to the youths who form the majority in the country( over 70% of Ugandans are below 30 years) . Many are left by their parents to make their own career choices under the...
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DEAR UNIVERSITY STUDENT : INTERNSHIP PLACEMENT SHOULD NOT BE AN EVENT

 Two weeks ago over 9000 students graduated from Makerere Universities in various academic disciplines. I congratulate the gallant students upon reaching this milestone. Acquiring a degree is not a mean achievement. It shows determination and resilience. In trying to anticipate what next for a university graduate after a long time in books , I realize that adequate preparation is required for a student to excel in the world of work. Without adequate preparation a graduate will find it hard to fit into society and some have cursed why they graduated.  A number of students enter university without adequate mentorship or guidance and that is where problems start from. Without adequate mentorship, a student who is full of potential is likely to waste time at campus. So in order for university students to maximize their stay at university ,there should be efforts from all stakeholders to ensure that they receive advice from various practitioners. I have met a number of students fro...
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DEAR WORKING PROFESSIONAL: EVEN WITHOUT A JOB YOU STILL HAVE VALUE

 A few weeks back over 9000 students graduated from Makerere University. There was a lot of jubilation from the graduates and their parents. This is justifiable because spending over 18 years in school is not a mean achievement. We congratulate all the graduates upon this milestone. As the celebration is over , the key question is where are the graduates heading after university? For a long time our education system has prepared us to be job seekers and it is a good thing because without a job to earn an income life becomes hard.   The essence of this article is to focus on those masses who have lost hope in life because they lack a formal job. Today the rate of job creation is far below the number of students who are graduating every year. There are over 30 universities in Uganda and all of them are producing graduates with the same qualifications. Today we have graduates who are wondering why they completed university. I want to assure the graduate that  it is wort...
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FINANCIAL ADVANCEMENT SHOULD START AT A YOUNG AGE.

 Why is it that some families have produced wealthy families for years and others struggle in their finances for generations? What is it that we can learn from these titans so that we also achieve financial freedom. Is financial freedom an instant result or it is a long term endeavor? Why is it that certain times when a founder of a leading business passes on the siblings fail to handle the estate? Why is it that in the real world the entrepreneurs who build big businesses have never stepped into university? When the leader of the Aga khan Foundation passed on, there were no stories of public disputes about succession. The Aga khan Foundation has several businesses that employ thousands of people and contribute to national development. It is the desire of every parent that when their children grow up they will succeed in every dimension of life. However we have seen countless cases of children who until university struggle to manage their finances. We have seen young working profes...
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DEAR WORKING PROFESSIONAL: EACH ONE OF US IS ON AN INDIVIDUAL FINANCIAL JOURNEY

 It is said it is in the moment of decisions that our destinies are decided. An individual from a poor family decides to complete their studies for a better future and another individual from a wealthy family decides to gamble their school fees. When we learn about the consequences of our choices we are likely to achieve fundamental shifts in our lives. Oprah Winfrey was born in a poor family but this did not deter her from dreaming big. Today she is one of the wealthiest women on earth. I have met a number of young professionals who make financial mistakes and they blame it on the external environment. When we  misuse our finances we should not place the blame  on family and other external influences. Ultimately our financial destiny is in our hands. I have seen farmers who earn less than the normal working professionals save in more than one savings group. This is because they have put the destiny of their financial lives in their hands. At university there is a tendenc...
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DEAR WORKING PROFESSIONALS: WHAT IS OUR OUTLOOK TOWARDS WORK?

 It is the  desire of every working professional to multiply their income. Where as this is a noble aspiration so many times our actions sometimes are contrary to our desires. When we have jobs sometimes we take them for granted. It is a privilege to have a job no matter how small. It is the attitude that counts most.  A few weeks back over 9,000 students graduated from Makerere University. The question is who will employ the majority of these young leaders? This state of affairs should awaken those who have jobs not to take them for granted. We cannot achieve financial freedom when we lack a source of income. This means that having a job in today's highly competitive business environment is a real privilege. Attitude plays a critical role in our relationship with money. A negative attitude will hamper our efforts in giving our best at work yet in the human potential industry every working professional has enormous potential to achieve both personal and organizational goa...
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