Although sometimes back he was poor, Kampala’s business mogul Moses Kalungi surprised his poor pals when he said that being poor is a choice people make in life.
Kalungi says that some people might choose to be poor and others willingly decide to be rich. Kalungi was speaking yesterday evening to members of Kampala City Traders Association who met him at his residence in Makindye division.
Kalungi reportedly told them that he and his brother Moses Kirumira, another business tycoon in Kampala were poor but they choose to be rich through working hard and saving their profits.
Kalungi says that the problem with most Ugandans they have a high marginal propensity to consume and lower marginal propensity to save. After addressing the traders Kalungi gave each person who was around 50,000 shillings as transport to take him back.
By James Okello
