The purpose of investing is to improve our future circumstances or future lifestyle.
A popular myth is that estate planning is only for the rich among us. However, any one who has property and wishes for a future generation will need estate planning.
Most of us will live a long time in retirement – possibly as many as 20 years, without generating income through employment.
Credit, like a knife, is neither good nor bad – it depends on the use to which it is put.
There are three ways to manage money: Market timing, security selection, and asset allocation. The first two, in our view, involve too much luck and risk.
Without proper retirement planning, you can be faced with a significant cut in your income at retirement, requiring dramatic changes to the lifestyle to which you have become accustomed.
A home is one of the largest purchases most people make during their lifetime. Therefore, homeowners' insurance protection is critical and strongly recommended.
Estate planning can have a lasting impact on your family – though not as much as not doing it.
Building net worth over a lifetime requires prudent planning and the implementation of sound strategies. Insurance is an important element of any sound financial plan.
You will need 4 to 10 times the amount you paid for your house to enjoy a comfortable retirement.
Are you covered against the primary critical illnesses, such as cancer, heart attack and stroke that can cause emotional and financial distress?
Cash management is the understanding and analysis of what you earn, what is deducted (e.g. taxes), what you spend and what you save.
Using a broker doesn't cost you more. Often it can cost you less because brokers have knowledge of the insurance market and the ability to negotiate competitive premiums on your behalf.
Debt affords us the opportunity to benefit from things that we may not be able to purchase in the short term, such as a home.
Diversification is the process of helping reduce risk by investing in several different types of individual funds or securities and works hand in hand with asset allocation.
What this means for you
Lashley Financial is in the business of creating prosperity, through learning and action, for the Caribbean and its people – so that we can support the goal of making the Caribbean the best place in the world to live, work and raise a family.
Caribbean people have always worked hard to make a better life for themselves and their families and to improve their communities. We will help them to achieve the dream of a better life for successive generations, by balancing the needs of today with creating a better tomorrow.
We believe that proper management of financial affairs is at the centre of achieving this dream – and this is at the heart of our vision. What drives us is the knowledge that Caribbean people hold very dear that most fundamental of human desires – to see that their children have a better life than they themselves have had.
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More than you want and less than you need
Often, in the seminars and workshops we do, we are asked about the purchase of whole life insurance vs buying term life.
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