Never stop learning

Dollars and Good Sense provides valuable tips and insight on how to better manage your money. We always want to see our clients grow in their knowledge of their own personal finances.

Please, don’t keep these to yourself. Share with friends, family, and co-workers. And don’t be afraid to contact us—we want to know what you think and what you want to read about next.

28 November 2018

Christmas Bonus: ‘Live Big’ Now OR ‘Achieve Big’ Later

“Wow! I earned 175%* on my investment.  My Christmas Bonus is now almost triple” Dwayne was ecstatic that he had curbed the  urge to splurge and ’live big,’ when he got a bonus five (5) years ago. He had instead invested J$100,000 (including his bonus) and now, he has J$275,000. “Cho man! If I had invested every bonus for the last five years, I could have a lump sum towards my down payment on my apartment. That would be achieving big,” he thought to himself.

11 November 2018

Home Equity Loan: Dollars & Good Sense

If, like Mark, you qualified for a home equity loan, unsecured loan and credit card loan, with rates of 9.5%, 25% and 50%, respectively per annum (p.a.),which one would make the most financial sense? Obviously, the one with 9.5% p.a., as you would pay less interest; therefore saving you the most dollars and making the most sense.  Recognizing this, Mark realised the equity in his home could be the exit to his debt-trap and the door to greater financial freedom.  

21 October 2018

Want to Earn Higher Returns?

“No, no, no! My money has been in a savings account for over five (5) years and I have not even earned 5% on my money!  This is less than inflation and the fees have eaten out everything,” Richard said upset.  Have you ever felt this way?  If you have, today we are going to explore: 1) why your savings account offers such low interest rates 2) how much money should you keep in your savings account; and 3) an easy way to earn more on the stock market, even if you do not have a lot of time or experience.

9 September 2018

My Child’s Education – How to Finance it All

Latoya, a financial controller, and Devon a lawyer chose to send their two children to an excellent primary school rather than a preparatory school. “Why?” I asked.  They shared, “We attended primary school and have excelled in our careers, and most importantly, the savings from not paying preparatory school fees has already allowed us to invest almost J$1.4 million, in just two years, towards our children’s university education.” 

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