All posts by CHS

About CHS

I am a Jamaican entrepreneur, author, money coach, business mentor and inventor. My passion is to learn new things and to share my knowledge with others. I've discovered how the 3 M's of Money can help you to be financially smart. Now I'm learning what it really takes to be financially free. See more of what I'm up to at EntrepreneursInJamaica.com, WiseJamaican.com and JamaicaOnCanvas.com!

Get Financially Lean in 2014

Business Success, Goals, , , , ,

Once again, we begin a brand-new year, when we can reflect on the past and resolve to improve the future. For some, this is usually a time of remorse, as they regret all the wasted opportunities that passed their way. Others use this period to make optimistic plans for an even better year to come.

If you’re already in the process of recording your New Year’s Resolutions for 2014, try not to repeat the mistakes you may have made last year. It is pointless to put together a wish list of dreams and goals you would like to accomplish, without equipping yourself with the means to get them done.

This week, I would like to introduce a concept of planning and execution that may change the way you think about and approach goal setting and achievement. This methodology will help you to become more efficient and effective in many aspects of your personal, financial and work lives. Continue reading Get Financially Lean in 2014 →

‘Twas The Day After Christmas

Spending, , , , ,

‘Twas the day after Christmas, when all through the house,
Not a person was stirring, not even my spouse;
Scattered all ‘round the tree were torn paper and bows;
Discarded wrapping for the gifts, from toys to clothes.

My loved ones were nestled all snugly in their beds,
While visions of nice presents danced in their heads;
For me, sweet sleep was elusive throughout the night,
And day’s break only brought my fears into the light.

I had spared no expense in giving my family the best;
But now, reality hit like piercing steel to my chest;
With all the bills and debts set to meet me next week,
My financial future was looking desperate and bleak.

My twist on Clement Clarke Moore’s classic Christmas poem, A Visit from St. Nicholas, reflects the situation that many people may face after the excesses of the holiday season. Once the frenzied pre-Christmas splurging is over, they soon begin to regret some of the financial choices they made. Continue reading ‘Twas The Day After Christmas →

Christmas Saving Plan

Saving, , , , , ,

Christmastime is traditionally the season for spending, so it would be unusual for us to think about saving during this period. Even the most disciplined consumers may get a little consumption-crazy over the holidays, putting aside their reservations and really getting into the swing of shopping.

Despite the heavy emphasis on seasonal splurging, it may actually be an opportune time to turn your thoughts to saving and securing your financial future. With so much money in circulation during the holidays, why should you only be thinking of depleting your reserves at this time?

Let’s face it — despite the cash that seems to be awash everywhere, how many of us really have anything enduring to show after our frenzied spending? Let’s look at some of the ways in which we can focus our minds on saving so we can have a little more financially rewarding season this year. Continue reading Christmas Saving Plan →

Christmas Spending Recipe

Spending, , , , , , , ,

Whether you’re ready for it or not, the yuletide season is now in full swing. Merchandisers persistently and persuasively remind us how much we really need to buy their products or services if we want to enjoy the holidays. Christmas is, after all, the major shopping period for the year.

It’s easy to get caught up in the wave of consumerism that engulfs us during at this time. With so many demands on your spending dollar during this month, you may feel overwhelmed by the pressures to spend, and frustrated if you don’t have enough money to satisfy all your desires.

You could develop a Scrooge complex and just hide away from the frenzy until early next year, but there are more sociable ways to cope with the seasonal shopping stresses. Here is a Christmas spending recipe which should help you to survive the holidays with your budget and sanity intact. Continue reading Christmas Spending Recipe →

Money Mission: Count Your Blessings

Goals, , , , , , , , ,

All too soon, we have come to the final month in 2013. Over the year, our ‘money mission’ columns have tried to keep you on target with your goals; encouraging you to carry out specific objectives to further your plans, and giving you strategies to overcome obstacles that can hinder your progress.

We’ve covered diverse topics such as overcoming disappointments, earning independent income, looking for opportunities in change, and discovering your motivating force. We’ve also shown you how to focus on a priority goal, get organised, control your time and complete your tasks.

Rest, reflect and review

Although December is usually consumed with thoughts of shopping and revelry, for this month, we invite you to spend some time in reflection. Consider the financial successes that you have enjoyed, as well the money mistakes you have made. What lessons have you learned from them? Continue reading Money Mission: Count Your Blessings →

Making Money Connections

Money & Your Mind, Risk Protection, , , , , , ,

We live in a world that has become increasingly interconnected. We can make connections with long-lost acquaintances or faraway friends with a quick search on a social media website. Our mundane activities can become viral trends thanks to the wide web of linkages on the Internet.

We need to be cautious about the online connections we make, as people’s virtual personas may be vastly different from their reality. We should also think twice before posting comments or photos, as they could have widespread repercussions on our work and personal relationships.

While it’s easy to see the positive and negative effects of establishing connections via technology, you may not readily recognise the importance of making wise money connections. You should also pay careful attention to the linkages you make when carrying out your financial transactions. Continue reading Making Money Connections →

A Charitable Route to Wealth

Wealth, , , , , , ,

Many years ago, while I was searching for strategies to eliminate my money problems, I read a book by financial guru Suze Orman which opened my eyes to an interesting principle that promised to help me achieve a better relationship with my money.

In The Courage to Be Rich, Orman opined that it was important for us to connect to the world with our money, and that charity should be a part of our financial plan. Orman noted that giving money away had many benefits that could not only change people’s lives, but improve our own finances.

HOW GIVING BECAME A PRIORITY EXPENSE

I was determined to fix my money woes, so I usually followed the advice of the experts without question. However, the concept of giving away some of my inadequate income to others left me perturbed. How was I going to survive on less money when I couldn’t even pay my bills? Continue reading A Charitable Route to Wealth →

Practical Money Lessons for Your Children

Kids & Money, , , , ,

Money is such an integral part of our lives, yet it is often misunderstood, misused and mismanaged. One of the reasons some adults find it hard to make the most of their money is that they never learned good financial practices at an early age.

If you are a parent or have the responsibility of teaching children, then one of the most important things you can do for their development is to help them appreciate money and finances when they are young. One way to do this is to incorporate money lessons into their everyday activities.

Money will be less of a mystery to children when they see it being smartly utilised in their real-life experiences on a regular basis. Here are some simple ideas on how you can help your kids to understand money and give them a head start on becoming financially well-adjusted adults. Continue reading Practical Money Lessons for Your Children →

Money Mission: Deal with Disappointments

Goals, , , , , ,

As we draw nearer to the close of another year, a lot of persons will look back with regret at lost opportunities or unfulfilled objectives over the past months. Although most people will begin the year by making optimistic resolutions, many will not be satisfied with their year-end results.

It can be discouraging to set your heart on attaining a desired objective in a specific time, make diligent efforts to carry out the required steps, and then get derailed somewhere along the process. Part of goal achievement is learning how to deal with the inevitable disappointments that will arise.

It may be a little naïve to expect calm waters and smooth sailing when you embark on your voyage towards your goal destination. The reality is that you will most likely encounter unexpected and unpleasant challenges along the way that will test your resolve and determination to succeed. Continue reading Money Mission: Deal with Disappointments →

How to Create An Estate With No Assets

Retirement & Estate Planning, , , , , , ,

Ruthann looked in the rear-view mirror to see why her two children had suddenly gone silent. Just a few minutes ago, her five-year-old twins in the back seat had been arguing about which one had run faster at their school’s sports day. Their quarrelling had taken its toll; they were now fast asleep.

Thankful for the brief respite, Ruthann smiled as she reminisced on her children’s antics. Despite their hyperactivity, they both performed well at school and she was proud of their achievements. She looked forward to seeing them become accomplished adults in the future.

As she daydreamed about the years to come, Ruthann’s brow grew furrowed as the familiar fears crept through her mind. She often worried about what would happen to her kids if something untoward happened to her. Once again, she was gripped by an overwhelming sense of panic. Continue reading How to Create An Estate With No Assets →