For many of us, retirement is a concept that does not get a lot of thought, especially if it is decades away. Though it may be a far off notion, it is extremely important to be financially prepared in order to live a comfortable life (whatever that means to you) after you retire. There are …
Pensions: Defined Benefit vs. defined contribution Read More »
Happy New Year and welcome back to Cays To Coins! Like many people, at the end of each year, I usually reflect on the type of year I’ve had and think about my goals for the upcoming year. An important theme that usually presents itself is on the topic of money – not only on …
Starting a small business is a rewarding and (sometimes) tiresome experience. Finding vendors, obtaining a business license and coming up with the money are not easy feats, but once you see your dream turn to reality, it gives you a sense of accomplishment that some may describe as illuminating. Unfortunately, starting a small business is …
Financial Lessons from Small Businesses: Christmas 2021 Read More »
We are always looking for ways to grow our money through legitimate investment opportunities – and in The Bahamas, major opportunities for the average Bahamian investor are far and few between. With increased activity in the local capital markets, opportunities for investors are increasing, and as such, you should try to be as informed as …
A personal budget is an estimated financial plan that outlines your income and expenses and gives you a snapshot of your finances for a period of time. Though budgeting itself cannot make you rich, it is an important financial tool that can assist you with managing your money more efficiently. A few benefits of budgeting …
Throughout our lives, some of us take on what seems like an unsurmountable amount of debt whether it’s because life threw curveballs at us or sometimes we made questionable money decisions just because we could. Whatever the reason, justified or not, it is not a good feeling being bogged down in debt. Studies have shown …
Over the years, investment scammers got smarter and sometimes it is very difficult to determine if an investment opportunity is legitimate. Here are five red flags to look out for when analyzing an investment opportunity. Red Flag #1: Low risk with high returns, guaranteed If you are presented an investment opportunity that promises no risk …
Investment Red Flags: Spotting an Investment Scam Read More »
For many people who want to invest, the process can seem a bit daunting. “Where do I go to invest? How do I know if this is a good investment? What if this is a scam?” No matter what you invest in, there is always a risk that some or all of your money can …
You want to understand how investing works so you watch YouTube videos and read articles, but you realize that you do not know how to apply the information in The Bahamas. If this scenario describes you, then you’ve come to the right place! This article briefly explains certain elements of the securities and capital markets …
Understanding the Securities and Capital Markets – An Introduction Read More »
Here is another article explaining an essential term related to investing. I know that financial jargon can get confusing, but understanding the terminology is a good first step when considering how best to save and invest your money, diversify your assets, and achieve specific financial goals. I get questions all the time about investment vehicles …
Previously posted on Island Queen Guide. There are many people who want to start investing money, but financial terminology can be confusing. Here at Cays to Coins, I would like to make it easier to digest by rolling out a series of terminology explanations for you. Understanding the terminology is a good first step when …
Previously posted on Island Queen Guide. I personally believe that it’s not about how much you make, but what you do with it that counts. Yes, it can be difficult to save at times, but that doesn’t mean it shouldn’t be a priority. I’ve compiled a list of the top saving habits of some of …
Previously posted on Island Queen Guide The majority of Bahamians have a bank account whether for savings, spending, or loan payments. Unfortunately, over the years banking fees have increased and interest rates on savings have decreased significantly. Considering that most of us need bank accounts for daily financial transactions, it may not be wise to …
Previously posted on Island Queen Guide Bahamians are constantly reminded of the billions of dollars of debt that the government owes. The government owes money to banks, insurance companies, pension funds, credit unions, and unknown to many, the average Bahamian investor (to name a few). One may ask “how does the Bahamian government owe money …
Previously posted on Island Queen Guide. With the culture of consumerism, credit cards have become a staple in our lives. A credit card is a financial tool, and if used correctly, it can be your best friend. Credit cards offer attractive benefits such as convenience, helps to build a good credit reputation, and allows access …