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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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.
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.
The Insider’s Look: Choosing the Right Education Plan to Finance Your Child’s University Education
Every parent wants the best for his/her child, and that includes financing your child’s education to attend his/her dream school. With the increasing cost of tuition, it can be daunting on any parent, to imagine how you will be able to afford giving your child the best higher education opportunity. This article gives you an expert perspective, in order to help to guide you in choosing the best education plan to finance your child’s university.
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.