By Rtn Sylvia Nankya
As Uganda struggles with a rising cost of living, high fuel prices and a weakening shilling, Rotarians have been urged to rethink their approach to money, embrace financial discipline and pursue strategic investments as pathways to long-term financial independence.
“You cannot afford to be broke!” Rotarian Percy Lubega, a Marketing and Banking Specialist from the Rotary Club of Bulindo, told members of the Rotary Club of Kampala Naalya during their fellowship held last Tuesday at Ndere Cultural Centre.
Lubega challenged Rotarians to take deliberate steps towards wealth creation, emphasising that financial independence is no longer a luxury but an essential component of personal and economic security.
His message comes at a time when Ugandans are facing increasing pressure on household budgets. Annual inflation climbed to 5.8 per cent in October 2026, while elevated fuel prices continue to drive up the cost of transportation, goods and services.
The weakening of the Uganda shilling against the US dollar has further complicated the economic outlook, increasing the cost of imported goods and putting additional pressure on consumers and businesses. Although the currency has experienced some easing in recent days, the broader economic environment remains challenging.
Against this backdrop, Lubega called on members to adopt a more deliberate approach to managing their finances, stressing the importance of understanding money, building multiple income streams, saving consistently and investing wisely.
Building Wealth Through Financial Discipline
Rtn Lubega, emphasized that wealth creation begins with a change in mindset. He encouraged Rotarians to move beyond relying solely on their monthly salaries or primary sources of income, instead exploring opportunities that can generate additional earnings and strengthen their financial resilience.
Financial discipline, he noted, is critical to achieving long-term prosperity. Individuals must learn to manage their spending, distinguish between needs and wants, and make informed decisions about how their money is allocated. The conversation also highlighted the importance of making money work for its owners rather than simply earning and spending it.
In an increasingly uncertain economic environment, developing multiple income streams can provide an important buffer against unexpected financial shocks, job insecurity and rising household expenses. His message also underscored the need for individuals to become intentional about their financial futures, making wealth creation a continuous process rather than an aspiration deferred to retirement.
Treasury Bonds: An Investment Option Worth Considering
One of the investment options highlighted during the fellowship was Treasury bonds, which offer investors an opportunity to earn interest by lending money to the government. Treasury bonds can provide a relatively predictable income stream, depending on the bond’s terms, and may form part of a diversified investment portfolio.
For investors seeking alternatives to conventional savings, government securities present an opportunity to put idle funds to work while earning returns over a specified investment period.
However, Lubega’s insights also reinforced the importance of understanding investment products before committing funds. Investors need to consider the investment period, expected returns, liquidity needs and associated risks. Financial literacy, he emphasised, remains central to making sound investment decisions.
Lesson from the Talk; earning money is only the beginning. Building lasting wealth requires the wisdom to save, the discipline to manage and the courage to invest.