TO BORROW OR NOT TO BORROW: Managing personal debt on the path to effective wealth management

John Mwesigye is the Chief Technology & Operations Officer at Standard Chartered Bank Uganda.

In today’s fast-paced world, managing debt wisely is a crucial component of achieving financial stability and long-term prosperity. The latest episode in our wealth series delves deep into the art of effective debt management, offering practical strategies and expert advice to help you navigate your financial obligations with confidence. Debt, when handled strategically, can be a powerful tool for building wealth and securing your financial future. However, it’s essential to approach debt with caution and foresight to prevent it from becoming a burden that weighs you down. A 2023 survey from the Central Bank revealed that 7 out of every…

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About the Author

John Mwesigye is the Chief Technology & Operations Officer at Standard Chartered Bank Uganda.

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