Today, I was priviledged to attend a conference with the theme Power, Sex, and Money, the emphasis being on Money. Majority, if not all of the people in attendance were quite youthful, with some of them being students at university and others recently starting out in the job market.
The discussion at hand was very interesting and it involved the use of money in economic growth and development on a micro level. Very importantly though, it also encompassed how to make clean money that will last for years to come, in the process leading to progressive and sustainable macro economic development.
One of the guest speakers was Mr. Amos Wekesa, founder, Great Lakes Safaris ltd who also happens to be my mentor. He emphasised the importance of saving and living not only within, but also below our means.
He argued that this would potentially reduce the amount of debt that many people usually accumulate from unecessary liabilities like luxurious cars. These spending habits in many cases also result in the vicious cycle of borrowing. However; “When you save money, one day that money will save you.” Amos Wekesa added.
We should always endeavor to live within our means, and use the money that we have to make a positive and significant difference in our economy.
Until next time…