Investing in business is ok ! only if you know what you are doing as alternative it is as the same as investing in youself till and fir the time being.

Mozart the famous composer passed away leaving his wife destitute and owing others money ,that is not saving money.

Many will ask why should I save any money at all why if i can make from, Friday to Friday. That is until !

REASONS for SAVING MONEY
Then again every body needs to save money by putting some of it in the bank or going with out for one of several thousands of reason.
However you have to a have goal and or a target for saving money.
You have to balance the books, to do so there is a need to prepare a budget. JUST DO IT !

BALANCING THE BOOKS
Is not going out to borrow money from a willing lender good for only for major items like a home mortgage.
Home maintenance can be a big expense .

You have no reason just for turning on or buying the TV all that will come later.

All one needs to do is list the mandatory expenses in there date due order, as you do not need to be caught short , as not every months expenses will be the same .

When i was younger Car insurance CAR maintenance and TCD was almost to much to bare just around Christmas I just had to get a second job working nights .

Go and ask me where that money went ? only to pay of a loan on a small piece of land out in the boonies .

WHY SAVE! . and WHY NOT !
Just don’t not spend your last dollar.
You must be able to identify your ultimate goal for doing so .
The more you spend becomes the more you own resulting in the more you have to look after.

A life lived in fear is a life half lived. Planing ones life style in no diferent tha planing a budget all come to the who can be contented to wait . an that is far from easy . The word for that is SACRIFICE.
Air fairs ; fancy holidays , restaurants are un necessary expenses that all come later to share with another.
Just dont get sick. Take care of your self as many will spend their last dollar to live just one more day.
I say this because we all don’t to have to live like un happy millionaires .

RAISING A FAMILY
I will let that be your business, never the less family planning is important. .

DAY TO DAY EXPENCES
This is where almost of unaccounted money goes in I WANT not I NEED expenses there is a need to resist spending for little things, because, you as they say have a hole in your pocket there is a need to make things last longer learning how to repair thing will save you a bundle.
Say to your self can i do this or that or do I want to pay another , that is not in your budget ?

INFLATION. & RECESSION
Inflation, here is where thing can get tough, with inflation your money become instantly devalued as your money buys less.

Recession, here is where people spend less ,may be they did not get a commensurate raise in pay or at worse case loss of a job.

INHERATENCE. from family .
Never be under the false impression that you may or will inherent the family home, nothing is promised.
Get on with your life .
Dam if if you do and dam if you don’t dam it. Full speed ahead.

WORK
Work for the shear joy of it, as you have to love what you do, failing that , alway develop a second skill regardless of scolastic achievement .
Business pays money for ability to do the job .

Work is some thing you are going to be doing for many years of your life get a job that you will enjoy and be capable of doing may be you could start a home business which will grow ,it all about buying and selling .

All you have to say to a boss and make it easy for him /her and say .
” I am the best person for the job “.

Dis you know that they pay you to be miserable.

THE REASON FOR WHY WE WORK !
Do you know why the only reason that you go to work in the first place or own a business .

M O N E Y !

We are told to day that the national debt would be non existent in ten years or may be there abouts.

Frankly I hardly think that the dream of reducing debt is achievable as being a trend as we look at recentand past large costruction projects that should cause us great concern .

Alot of water will pass under the bridge in say the 10 years , round and round it goes where is stops no body knows there is a limit to additional taxation based on the public ability to pay as inflation will coninues to haunt us as labor rates now are beginning to escalate .

They are all playing russian roulette .

Our Seniors received a 2 .4 % increase where did the other 17 .6 % go ? they do that in the UK all the time

Did you know tha seniors are restricted by the banks form borowing money.aswe live a life of kiss an cuddle .

Seniors are also responsible for the national debt.

We or they should never count the chickens before they are hatched as we realize that tax increases like a bit here and a bit there are passed on down the line to the public causing further inflation.

The interest rate on national debt and also personal debt, causes the public to live on borrowed money that will not come to a stand still neither wll the cost of living as we import every thing with a premium attached there too..

Dare i say Bermuda has past its limits on general afordsability on every thing.
Which business will next the next to go ? the big ones have gone to foreign buyers . the glory days are over .

Looking and hoping for better times would not be a wise practice as the new USA president elect has inward thinking on his mind in order to maintain his election promises including over due massive infrastuture requirements, not forgetting financing other peoples wars.

I find all that to be a hard nut to crack asuming that all major local preconceived major projects will come to a stand still .
yet , still as in the past, each project will be requiring more financing.

Interest rate increase to cost of living and the national fiancial outlay.
They borrow the mone and we windup paying for it. ouch !

I would say sadly that we and this courtry are living well beyond our means .

I would hardly think the construction industry would have any chance of survival by completing with
***** increasing and decreasing debt ***** both at the same time we. are all living at a stand still.

I agree that banks are subject to “money laundering and know your client” obligations, but the PLP Government CAN pass a law that overrides those obligations. That would solve the problems of several high-ranking elected officials who refuse to provide necessary information to a local banks and therefore do not have banking relationships with local banks.

I wonder if that could be what is really driving this change?