The Day Money Stops Working- Why earning more eventually stops being the answer
For much of our lives, financial progress seems simple. If you want to move forward financially, the answer appears obvious: earn more. A higher salary can help pay off debt, cover expenses more comfortably, and create stability. Early in life, earning more often solves many financial challenges. A raise allows someone to move into a […]
DON’T LET YOUR RAISES RUN AWAY: BEATING LIFESTYLE CREEP AND BUILDING REAL WEALTH
As your salary increases, a bonus hits your account, or a side hustle finally pays off, the excitement is real. It feels like you have levelled up. Suddenly, you are eyeing fancier spots for date nights, upgrading to premium phone plans, or treating the family to a bigger television and new streaming subscriptions. Those upgrades […]
Building Wealth is Not Enough
Estate planning is one of those topics many investors tend to avoid, not because it isn’t important, but because it feels uncomfortable and “far off.” In Jamaica, it is very common for people to focus heavily on building wealth through property, businesses, stocks and bonds, while overlooking what happens to those assets if something unexpected […]
How to Build an Emergency Fund in Jamaica
Key Takeaways An emergency fund helps protect you from unexpected financial shocks. Starting with even a small amount can help you build a meaningful savings cushion. High-yield savings accounts, short-term repos, and short-term CDs are suitable places to keep emergency funds. Emergency savings should stay in low-risk, easily accessible products. Understanding the Importance of an […]
Securing Your Legacy Part III: “Where there is a Will, there is a Transfer of Wealth”.
Throughout my article series entitled, “Securing Your Legacy,” we’ve explored the importance of estate planning in wealth creation, having the right financial partner and choosing the right financial assets. As we continue the journey, this week we explore advanced strategies to protect and distribute your assets, specifically the importance of having a will. This article […]