A Leader’s Playbook

A Leader’s Playbook

The previous article Leaders at All Levels highlighted the idea that leadership and personal finance are not mutually exclusive topics. Earning higher income is a key strategy to build personal wealth, and for most persons, higher income is usually achieved through promotions in their jobs. I believe the most effective way to position yourself for a promotion is to demonstrate you have leadership qualities. To accept this premise, we must unshackle ourselves from the belief that leaders

Leaders at All Levels

Leaders at All Levels

To achieve your personal finance goals (e.g. affording a comfortable retirement), increasing your savings is normally a key objective. The first step to save more is usually to reduce your expenses. But at some point, cost cutting runs out of steam, and instead you have to focus on earning more, which for most of us means progressing in our career i.e. getting promoted. The challenge is how to get promoted? There are various ways, of

Investor Protection in Trinidad & Tobago

Investor Protection in Trinidad & Tobago

Investors participating in any market should be interested in knowing how they will be protected. Protected from what, you might be thinking? Ultimately, it is loss of money from circumstances that do not fall in the risk vs reward spectrum. Examples include: market manipulation insider trading conflicts of interest unfair and improper practices fraud adequacy and accuracy of accounting and disclosures misrepresentation institutions that are not properly capitalized or not managed by professionals Certain risks

Trinidad and Tobago’s Financial System – Part 2

Trinidad and Tobago’s Financial System – Part 2

Our objective in Part 1 and this Part 2 is to provide a macro view of Trinidad and Tobago’s financial system to help you become an informed investor. To repeat from Part 1, we are focusing on a “layman’s” description: nothing overly complex, but enough information for you to understand how the parts fit into the whole. We previously considered the role of the Central Bank of Trinidad and Tobago and the institutions it regulates. In

Trinidad and Tobago’s Financial System

Trinidad and Tobago’s Financial System

To become a successful investor, you should at least have a general understanding of our financial system, recognize the main players and their roles, and keep up with the major changes that take place. It is particularly helpful now, that with just a few clicks, you can learn about the entities that make up our financial system; however, it is still a daunting prospect to understand it as a whole unless you are a frequent

Using Insurance to Reduce Personal Financial Risks – Part 2

Using Insurance to Reduce Personal Financial Risks – Part 2

This is a continuation of our article series that began with How to Manage Personal Financial Risks, where we explored the various financial risks individuals are exposed to, and the approaches you could use to manage those risks. In the previous article Using Insurance to Reduce Personal Financial Risks – Part 1 and this Part 2, we are focusing on the role of insurance in managing and ultimately reducing our various risks. For clarity, it is not our

Using Insurance to Reduce Personal Financial Risks – Part 1

Using Insurance to Reduce Personal Financial Risks – Part 1

You may remember from the previous article How to Manage Personal Financial Risks that, as individuals, we face several types of financial risks, and we can take many actions to manage or reduce these risks. One of the more important tools we have available is transferring the risk to an insurance company. In this article and Part 2 we’ll take a more in depth look at the role of insurance in reducing risk. Learning how to manage the risks

Investing Principles for Small Investors

Investing Principles for Small Investors

If you’re a frequent reader of our Knowledge Base , you would know that several of our articles urge you, and advise you how, to start saving more. But we also pointed out in What Are Savings?  that you need to separate what you set aside for short-term uses from your savings pool to meet your longer term goals (think retirement, for example). Our Invest Wisely section focuses on what you could do with the surplus funds you accumulate

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