Thursday, November 15, 2018
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Expert Opinion On Finance: Know Your Defenses

By Livingstone Mukasa

Every one of us is driven by something. Some of us know what drives us and others are yet to pin it down.

The life you live is essentially a product of your push and pull factors. In my case, one of my push factors is to put as much distance between me and poverty.

On the pull side, I really want to be of much help to those in need of either my knowledge or my financial magnanimity as I could ever be.

But as we strive towards our life goals, we tend to leave our defenses porous.

Any footballer will tell you that it’s not good to have a good striking force and no defense.

Even if you scored 5 and the opponent scores 6, you lose. Period!

The same happens in boxing. Aiming for a knockout while leaving your entire face open is suicidal.

In other words, if you are going to make economic progress you have to watch your defenses.

The first line of defense is to know how much you earn and spend on a monthly basis. Don’t give what you don’t have. Don’t lend what you cannot afford.

Livingstone Mukasa is an author and CEO at Mazima Retirement Plan. Twitter@MukasaMulya FaceBook@Livingstone Mukasa

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