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.
Have a Blast and Make the Money Last
The air is filled with carols and the change in temperature and the bright lights are a giveaway that “gee wiz, it’s Christmas.” You probably have made your list and checked it twice. Christmas is a time when we have a blast, easily forgetting diets and budgets. With a little extra exercise, you will be able to shed the extra Christmas weight, but shedding that extra debt, may not be so easy.
Investing in Real Estate with less than J$16K
The average investor with an interest in “getting a piece of the (proverbial) real estate pie” can enjoy a slice of the returns and benefits with an investment of just J$15,500, in the JMMB Optimum Capital Real Estate unit trust fund.
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.