The Katikkiro of Buganda Charles Peter Mayiga has come out to reveal how difficult it is to build wealth before one hits 50 years of age.
Mayiga who was appearing on NTV’s Mwasuze Mutya says that its only a few people who have been able to achieve this feat.
He further added that being wealthy means one can still satisfy normal needs and desires even when they go two months without working.
“It is hard to build wealth before reaching 50 years and a few people like Ham Kiggundu and Zuckerberg are rhe exceptions. Being wealthy means that even if you do not work for two months, you can still make a passive income to satisfy normal needs or desires,” he said.
Mayiga also advised people who are usually given handouts thinking that it will end their poverty. He said that these can’t because fighting poverty is a never ending task. The most people can do in tackling poverty is just taking a break from work.
Furthermore, he threw some light on managing a family and today’s current crop of children. The Katikiro said that in trying to simplify life for their children, many parents have ended up spoiling their children. These can’t even wash their underwear or even plates.
In the end, they want big and good things they haven’t worked for. Its the reason they find it hard to sustain their parents wealth when they pass away.
The Katikkiro also advised parents to eat their money instead of saving it for their children. According to him, all that these children need is good grooming and they will build their own worlds.
