The N-Trust Financial School

30/10/2022

Consumerism mentality

The wish for ownership is endless. We do want to have as much as possible. Although we could live with a few things, we want many things in our possession. There are two ways to accommodate what we want: we can reduce our appetite for things or increase our income.
Most of us want to be wealthy and have financial freedom, but 95% of us have a consumer mentality because we don’t value wealth itself.

The remaining 5% genuinely value wealth and have built successful businesses and live the lifestyle they want to live.

What’s the difference?:
When the wealth minded 5% receive $1, they invest it for their financial future – delayed gratification but more rewards.
The other consumer minded 95% will spend the $1 on a product that they can consume – immediate gratification.

The wish to possess as much as we can is leading us to consumerism mentality. But if you are tempted to buy something, before doing so ask yourself three questions.
Can I live without it?
Is there any substitute for that?
Can I buy anything cheaper?

09/07/2021

"The only advantage of being an orphan, I had no one to impress. People will say things, judge your successes and failures. It's more painful never knowing how it would have turned out " - with

In the 42 days of lockdown, Robert Kabushenga (RK) is taking off time to run a daily mentorship program called hosted on his Twitter spaces. In this episode he hosts Hillary Bamulinde (HB) to talk on how to make it in life. RK: Thank you for joining us. I want to start with this immedia...

09/07/2021

"You can land a job making a ton of money, but if you spend it all and have bad money habits, you'll still be living paycheck to paycheck. Be wise. You're in control, whether you have a college degree or not." - Dave Ramsey

03/07/2021

Understand the Language of money.

Enjoy this great piece of advise from Patrick Bitature.

03/07/2021

Manage the blue for the sake of the green.

Save but save to invest.
When you only save and don't invest, you are working against inflation.

01/07/2021

Happy New Month.

May this month start with optimism.
May excuses be lift behind and may we push forward with grit and resilience.

30/06/2021

Good morning Guys

We hope you are pushing on well during this Lockdown. It is so easy to give up and throw in the towel.

We write to encourage you to protect your mind amidst all the death news around us. We commiserate with those who have lost loved ones and ask God to comfort them in this trying time.

You could have stalled in many ways like losing a job, having a huge debt to pay that was borrowed for business. You could be wondering and asking many questions. Will I ever make it, shall I ever come out of this situation - We want to remind you that you will. This is not the first pandemic the world has had, these are testimonies of people were resilient and picked themselves up.

They gave themselves to knowledge, they did not let the crisis go to waste. They became innovative, inventers, had great startups that solved world problems. That could be you now - but you have to protect your mind.

In this period, we share the words of Benjamin Franklin "An Investment in knowledge pays the best interest.” Use this time to grow, Use this time to learn, not lament.

30/06/2021

"You can’t make a withdrawal where you did not deposit. What you invest in will give you returns in due course. If you want change, then make changes. Don’t expect something from nothing. If you don’t like what you have been reaping, change what you have been sowing. And don’t judge each day by the harvest you reap, but by the seeds that you plant. Eventually what you give, you get, ten times over."

08/06/2021

Life is about Adjusting

Today is day two of the 42 Lockdown days.

If you remember the first days of Lockdown, many of us were anticipating that COVID19 would end after a month or two but that did not happen and until now we are still dealing with this pandemic.

One of the most important thing that happened to many of us as we listened to the president address us is that we kept on adjusting. We told ourselves we can wait a little more even if the situation was very inconveniencing. Our attitude and minds played a lot in our mental fortitude to sail through that COVID storm.

As they started to ease down on some of the restrictions, that still required adjustment, those who worked from home, had to again master working away from home and now we are back again to 30% working from office and others from home, that still requires adjustment, it’s like shifting from one place to another.

There are people who could be distraught and in great despair. You probably started a business after Lockdown and you were now making great strides and boom!!! Somehow things have slowed down after the directive. You could have taken a loan to rejuvenate your business and now what was bringing you money is cut down. You could have paid fees and now the kids are back.

It’s a tough pill to swallow but you have to remain steadfast and firm. Your mental campus will be key to how you navigate this season.

“We must accept finite disappointment, but we must never lose finite hope” – Martin Luther King

Choose to drive your energy to some of the great gains you have made, look at the lessons learnt, the small wins gained. Just Martin Luther said, let us never lose finite hope. Your hope and optimism right now is your anchor; it is what will keep you going. Focus on what you can and not what you can’t.

Thich Nhat Hanh said and I quote, “Hope is important because it can make the present moment less difficult to bear. If we believe that tomorrow will be better, we can bear a hardship today.”
Use these 42 days to grow, do the rights things knowing tomorrow will be better even if the future seems blick. If you are too challenged, say a Prayer and Let God take over.

it starts with your mind, you have the power and will to do it.

07/06/2021

Amazing. The principles remain the same even at such a time when new lockdown measures are imposed.

When you talk about money in this period, somehow you will hear the line, "Things are tight, there is no money, I got to learn how to save, I need to start a side hustle, I need to make my money work, I can't depend on a salary only, Since I am not paying fees, let me enjoy it now, etc."
https://arthurkmo.blogspot.com/2020/06/covid19-saving.html

07/06/2021

With the new lockdown measures. Don't let your guard down. Don't fret and let your spirit crush. As you were coming out of the mud.. there are some great lessons you learnt, don't repeat the same financial mistakes. Even in hard times we can thrive God being our help.