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.
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7 Subconscious Financial Drivers to Avoid
“I am in need of help to urgently re-engineer my finances!” was the WhatsApp message I got from a frustrated stranger, Everett, at 5:05 a.m. With a whopping $286,000 monthly, going towards eight (8) loan repayments, not including his mortgage, Everett was left experiencing sleepless nights trying to find an escape out of the cycle of debt. Like Everett, do you need to revamp, re-engineer, recharge or restructure your finances?
Retirement Planning for Women
Women generally live longer than men – on average by six to eight years. This difference is partly due to an inherent biological advantage for the female, but it also reflects behavioural differences between men and women, according to World Health Organization (WHO). This statistic rings true for Jamaica, where women have a life expectancy of approximately 76 years when compared to their male counterparts of 73 years. As a result of the longer life expectancy for women, they will typically receive a lower monthly pension payment compared to men, notwithstanding contributing at a similar rate of contribution to a pension arrangement.
Why Preference Shares May Be Perfect For You?
Imagine having an investment that provides you with a consistent income stream and beats inflation. Would you be willing to take a little more risk, than that typical of savings accounts, to reap these rewards? If you answered “yes,” preference shares maybe your “preference” for investments.
My 2021 Financial Challenge
Do you want to end 2021 more prosperous than you did last year? If you said ‘yes’, I am writing specially to you; whether you accomplished all of your goals last year, most of them, some of them or none at all. The New Year is an opportunity to wipe the slate clean and develop a laser focus as you forge ahead in 2021.