-Retired high school teacher explains how he became rich post-retirement
-The father-of-12 makes Ghc421k a month from different streams of income
- His advice is to plan for your retirement in advance, and here is exactly how he did it
A 74-year-old retired high school teacher has never regretted going into retirement. One could argue his life changed for the best. What was his top secret?
Joram Tibasiimwa, a graduate of Makerere University and veteran Chemistry teacher, is now a millionaire. His monthly income staggers at around Ghc421k.
“I am now 15 years into retirement. I am grateful that I have something to do to keep me busy. It is dangerous when retired person has nothing to do,” says the father-of-12 and grandfather of eight.
Just before he retired in 2002, Tibasiimwa, an ardent soccer fan who also doubles as church leader, borrowed Sh 1 million from a friend and bought land, which he invested in tea plantation.
“Over the years, I increased the plantation to 28 acres by buying more land and planting more tea,” he says, adding that he also opened a retail shop, which he runs with his wife, and developed rental houses.
In addition, Tibasiimwa ventured into bee keeping, cattle farming, and crop farming including a banana plantation. He even owns a forest.
Life has never been the same again after retirement. All it took is a meticulous planning for the retirement.
Tea Plantation Worker in Uganda