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.
Are Your Financial Goals Vaccinated Against Financial Crisis?
What do the following all have in common? The financial crash of the 1990s, the World Financial Crisis of 2007–08, Jamaica Debt Exchange (JDX) in 2010, National Debt Exchange (NDX) in 2013 and Coronavirus (COVID-19) in 2020. They all caused major changes in the financial markets, resulting in many persons, like you, delaying or changing their financial goals.
Your Life’s Philosophy & Your Money
What is your life’s philosophy? How has it shaped your financial decisions?
What Will Your Financial Dreams Cost You?
We probably have all heard the saying, time is money, which is a quote attributed to Benjamin Franklin. Therefore, if two persons earn different salaries, the cost of their time is also different. To illustrate this, let us calculate how much “time” or days of your labour an item priced at J$28,000 will cost you and other persons whose salaries may be dissimilar to yours. Follow the example in the table so that you can determine how much is your time worth as well.
Your Financial Health Check
COVID-19 has had a widespread impact on our lives and exposed our vulnerabilities. It has left persons who had underlying conditions particularly susceptible to becoming ill. It has also highlighted that many persons who thought they are financially secure truly are not. How financially healthy are you? Do you need any ‘boosters’ to get you to your optimal financial health? First, let us start with you indicating your financial goals and how soon you would like to achieve these, by filling out the table below: