Thank you Alex for bringing to us such experiences to learn from. If I were him, I wouldn't think about liquidating the real estate assets now but rather would consider downgrading the expenses to what can fit in the prevailing income.
At this stage would to downgrade, i do not think would answer his challenging Scenario, because You would not stop School fees, ongoing loan servicing etc., So Yes he needs a savior, which is one of his properties , and indeed to strategize again. In my opinion.
Can reconsider the fees structure & transfer children to good affordable schools that charge less, loans as well can be negotiated upon if you have been in good books with the lender.
Thank you Alex for sharing this practical insight.
He can liquidate the home, let him shift to one of the rentals he owns. If his vehicle is a high maintenance-let him reconsider a downgrade and also revise his expenditure and direct it to basics.
Such is the kind of insights we would wish to be receiving from “experts”.
It’s to the positive that you’re an expert in a component of society that’s supposed to be, according to my observation a, primary focus of any employed person.
Many a People appreciate the logic to save or ideally to prepare themselves against such scenarios as the one you describe in the above text, of the gentleman in his forties who finds himself “anxious and worried “ about the right way forward after losing substantial job income. From the pie chart you project his expenses and there’s as well a loan component. I think at the end of the day , what makes individuals then fail to act accordingly in implementing tangible steps and actions in that regard, is the failure to make the right choices , to strike a balance of what’s are the best investment decisions during periods of earning ? . That right there is the problem
So personally I appreciate you for making this visible to individuals and for offering practical insights and solutions of how these kinds of conundrums can be countered.
Thanks for this piece. Life will keep beating you until you learn the lesson its teaching you. Throughout history we have had similar events, but we (me inclusive) seem not to learn at all. These are the lessons 1) Covid 19 2) Trumps First Presidency - banned all abortion/family planning funding to Uganda 3) Trumps Second Presidency "USAID" 3) Government of Uganda Constant Restructuring 4) War in Northern Uganda 5) Inflation when dollar jumped from 2,300 to current 3,500. In all these economic hardships, we seem not to learn. Is there something we are not aware of? Why do we - especially after all that is happening - do not plan for emergencies? @Kakande any clues? Whats the missing factor?
Thank you Alex for bringing to us such experiences to learn from. If I were him, I wouldn't think about liquidating the real estate assets now but rather would consider downgrading the expenses to what can fit in the prevailing income.
At this stage would to downgrade, i do not think would answer his challenging Scenario, because You would not stop School fees, ongoing loan servicing etc., So Yes he needs a savior, which is one of his properties , and indeed to strategize again. In my opinion.
Can reconsider the fees structure & transfer children to good affordable schools that charge less, loans as well can be negotiated upon if you have been in good books with the lender.
tight situation!
Thank you Alex for sharing this practical insight.
He can liquidate the home, let him shift to one of the rentals he owns. If his vehicle is a high maintenance-let him reconsider a downgrade and also revise his expenditure and direct it to basics.
Such is the kind of insights we would wish to be receiving from “experts”.
It’s to the positive that you’re an expert in a component of society that’s supposed to be, according to my observation a, primary focus of any employed person.
Many a People appreciate the logic to save or ideally to prepare themselves against such scenarios as the one you describe in the above text, of the gentleman in his forties who finds himself “anxious and worried “ about the right way forward after losing substantial job income. From the pie chart you project his expenses and there’s as well a loan component. I think at the end of the day , what makes individuals then fail to act accordingly in implementing tangible steps and actions in that regard, is the failure to make the right choices , to strike a balance of what’s are the best investment decisions during periods of earning ? . That right there is the problem
So personally I appreciate you for making this visible to individuals and for offering practical insights and solutions of how these kinds of conundrums can be countered.
Cheers
Pascal Okumu
Thanks for the great insights simply explained. I want to take the opportunity. I will check you out in June 2025 as I am preparing my funds drive.
The Bitter Truth. Thanks Mr Alex, for sharing these Insights.
Thank you for the article, and the gentleman for the candid disclosure.
Thank you Alex, this is very informative with clear steps to have one can diversify their investment portfolio.
Thanks for this piece. Life will keep beating you until you learn the lesson its teaching you. Throughout history we have had similar events, but we (me inclusive) seem not to learn at all. These are the lessons 1) Covid 19 2) Trumps First Presidency - banned all abortion/family planning funding to Uganda 3) Trumps Second Presidency "USAID" 3) Government of Uganda Constant Restructuring 4) War in Northern Uganda 5) Inflation when dollar jumped from 2,300 to current 3,500. In all these economic hardships, we seem not to learn. Is there something we are not aware of? Why do we - especially after all that is happening - do not plan for emergencies? @Kakande any clues? Whats the missing factor?