HOW TO KNOW A FAKE TYCOON ESPECIALLY IN UGANDA

In Uganda we have seen very many people throw loads of cash around claiming to be tycoons and only in a few months or years; these people disappear just like wind.

 They are nowhere to be seen. What happens to such people? 

Well, very many of us do not bother to know or even find out. In the past few months, we have seen a man by names called Bryan White who has been spending money around like he has a factory that is making money at his residence. 

From sponsoring very many music artists around Kampala to giving out loads of money to people in Arua district just before the elections, he has been latest man in the eyes of Ugandans to claim to be a tycoon.

 Before him, we had people like Bad Black whose real names were Shanita Namuyimba who used to give out loads of cash to people and pay for open bars in different city hangouts. 

After the source of her money emerged, she was jailed. It shocked very many Ugandans to find out that she had defrauded a British member of parliament of millions of dollars that she was throwing around.

  That is truly poverty mentality, and now she is nowhere to be found. Today, I would like to dissect to you how you can know a fake tycoon before she or he even disappears from the social scene. 

Here are quick tips to help you discover a fake tycoon who is throwing around money.

1. Most the incomes of fake tycoons comes from their job

If a person is earning most of his or her income from his job, then this person is not actually a tycoon and is just trying to show off to people.

 It does not actually matter who you are and how much you actually earn but as long as most of your income is generated from your job, you are still poor and not wealthy. 

If the income that you do earn is more than half what you get from your job, then you are not wealthy this is simply because a job cannot be transferred from you to your kids or spouse if you end up becoming sick or if something happens to you and you are not able to work again, then it means you will be financially needy. 

To build real wealth, you should be able to build passive income streams and this means that your money should be making more money for you and in the long run you will become very wealthy. This takes years and even generations, it does not just happen in a blue.  

No real tycoon will come out of nowhere with a fake story and claim that he is wealthy without any tangible income streams to his name.

2. Fake tycoons always have a habit of spending money

Fake tycoons only think of spending their money and that’s what matters to them. 

Since there are only two things that you can do to your money in terms of either spending it or investing it to generate more money. 

All Fake tycoons will only think of spending the money and nothing less. 

The more money you do invest, the more likely you are to become wealthy in the long run. 

If a person is consuming more than he is investing then such a person is a fake tycoon. Real tycoons use their money to make more money through setting up investments.

3. Fake tycoons do own expensive cars

Fake tycoons do own expensive cars. How do you know an expensive car?

 Well, if the value of your car is more than a tenth of your net worth then you actually own an expensive car.

 So if you see millionaires driving cars, most of them who are wealthy are driving cars whose values are way less than their net worth.

4. Fake tycoons will throw around their money for all to see

If all that you dream about is showing everyone that you have made money, then you are not a tycoon. 

If you are itching to have an open bar in Guvnor after earning your first million, then you are not a real tycoon. 

The poverty mentality in you is not enabling you to keep the money that you do have on you. 

If you showing off your loads of cash on social media for all your social media followers to see how rich you are, then you are not a real tycoon but actually a fake tycoon. 

A real tycoon has to find ways of keeping his money and look for other opportunities that can help him make more money. 

A real tycoon harbours real fears of going back to his humble beginnings and starting all over again.

5. Fake tycoons fear the law

If you do have to hide from the law enforcement officers when making your money, then you are a fake tycoons. What do I mean? Well, some Fake tycoons will do anything to make money in terms of breaking the law.

 Some of these Fake tycoons are corrupt government officials, kidnappers and even thieves. They do not have solid foundations for making money. 

Real tycoons have systems that they do use to create sustainable wealth. They put in labour, capital, and have high integrity and so they do make honest money. 

Fake tycoons are bad for the economy and we do need to have real tycoons in order to grow our economy.