How To Live Debt Free … Part 9

This week...snowballing and stacking Snowballing is that you list your debts in order of lowest dollar amount owed to highest dollar amount owed. You pay every extra penny you have toward the weakest while paying only the minimum monthly payment on the rest.   When one debt is paid, you take the money you were [...]

By |2019-08-18T19:57:29-04:00November 25th, 2018|Money Management Tips|0 Comments

The 50/30/20 Rule of Thumb for Budgeting…Part 2

This week the 30 & 20%...   Limit Your "Wants" to 30 Percent This sounds great on the surface. Can you put 30 percent of your money toward your wants? Hello, shoes, weekend trip to Tobago, liming every Friday? Not so fast. Remember how strict we were with the definition of a "need"? Your "wants" [...]

By |2019-08-19T08:30:35-04:00August 12th, 2018|Money Management Tips|0 Comments

The 50/30/20 Rule of Thumb for Budgeting

  You've reviewed your spending and created a budget, and now you know exactly how much you spend on your home, your car, and how much you divert to your retirement accounts. That's all good, but what about your other savings, such as for an emergency? How does your financial allocation compare to the amount [...]

By |2019-08-19T08:31:11-04:00August 5th, 2018|Money Management Tips|0 Comments

Investment Income : Mutual Funds Part 2

This week… How to select a mutual fund and the pros and cons of investing in a mutual fund…   How do I select a fund that's right for me?  Every fund has a particular investing strategy, style or purpose; some, for instance, invest only in established companies. Others invest in start-up businesses or specific sectors. [...]

By |2019-08-20T13:11:03-04:00April 8th, 2018|Savings and Investment|0 Comments

Investment Income : Mutual Funds

Mutual funds are perhaps the easiest and least stressful way to invest in the market. In fact, more new money has been introduced into funds during the past few years than at any time in history. Before you jump into the pool and start throwing your money at mutual funds, you should know exactly what [...]

By |2019-08-20T13:11:19-04:00April 1st, 2018|Savings and Investment|0 Comments

Investment Income : Stocks…Part 2

Continuing our questions to ask before buying stock…   How Profitable Is It?:  In addition to growth, look at how efficiently the company makes money. Return on assets shows how well it has translated a dollar of its asset base into a dollar of profits. A company with a return on assets of 20%, for [...]

By |2019-08-20T13:11:34-04:00March 25th, 2018|Savings and Investment|0 Comments

Investment Income : Stocks

Alter our break to write in winning the lotto, we are back to our investment series.   This week…Questions you must ask before purchasing stock.   Are you buying the stock, because your brother told you? Or you got a tip from the barman? Or are you just buying the stock because you like the [...]

By |2019-08-20T13:11:50-04:00March 18th, 2018|Savings and Investment|0 Comments

Investment Income – Share Part 2

Today we continue with what you must understand before you invest in the stock market…     Decide how much you want to invest:  Always remember one basic rule in finance -- if something gives you higher returns, that is usually because it carries a greater risk. That's the reason why not-so-good companies will pay you a higher [...]

By |2019-08-20T13:12:13-04:00February 25th, 2018|Savings and Investment|0 Comments

Investment Income – Share

Before you invest in the stock market, you must understand what it entails. You own a part of the business:  When you invest in stocks, you do not invest in the market (despite what you think). You invest in the equity shares of a company. That makes you a shareholder; you now own a small part of that [...]

By |2019-08-19T13:33:17-04:00February 18th, 2018|Savings and Investment|0 Comments

Investment Income – Stocks vs Bonds

This week we start a series on investing.   Investors are always told to diversify their portfolios between stocks and bonds, but what’s the difference?  Stocks Are Ownership Stakes, Bonds are Debt     Stocks and bonds represent two different ways for an entity to raise money to fund or expand their operations. When a [...]

By |2019-08-20T13:13:39-04:00February 11th, 2018|Savings and Investment|0 Comments