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In Part 1, we covered building generational wealth and how race plays a part in Bermuda’s wealth gap. Now, we’re back to talk about how to grow generational wealth from scratch and how to stay on track for financial success It is estimated that ...

Spend less, consume less, save more is sound advice in normal times. Today’s troubled times need a new message

Dear Dave, My husband and I have always gotten by. We both make about $40,000 a year, we each turned 50 last month, and we only have a little bit of debt. Recently, my mother-in-law moved in with us due to health issues. Since that time, we have been...

The scheduled article for today was superseded by the concerning survey results conducted by Narrative Research Bermuda online from 382 adults featured on August 18 in The Royal Gazette. The report noted the following: • 56 per cent are spending les...

Dear Dave, How do you know if a will or a trust is best for you? – Monica Dear Monica, This is a great question, especially since August is National Make-a-Will Month in the United States. The first thing you should do is take a serious look at ...

Dear Dave, My husband and I are retired. I receive a small pension, and we are both on government health insurance. We have about $25,000 left to pay on our mortgage, along with a second mortgage of $18,000. These are our only debts. We also have a n...

In some ways, feeling “rich” is less about how many zeroes you have in your bank account and more about knowing how to use them to get what you want out of life. For author and certified financial planner Tom Corley, feeling rich comes from having an...

Dear Dave, My wife and I have plans to enter the mission field as soon as we have paid off our debt and get a full emergency fund in place. We only have about $12,000 in credit card debt left, and we don’t own a home, but my father does not want this...

Bermuda’s Cup Match holiday is half over. It always reminds me of the Crown and Anchor booth, legalised betting allowed on one of the few events a year in Bermuda – for just about everyone participating it is a harmless, fun tradition. So, readers an...

Dear Dave, I finished college a couple of years ago, and I have a good job making $65,000 a year. The only debt I have is about $5,000 remaining on a car loan, and I am paying that off as quickly as possible. At the same time, my mum and dad need rep...

Here are my observations of a very interesting last week in the world of finance and economics and the implications for Bermuda. Dollar dominates: the US dollar achieved parity with the euro. The euro currency, established by the provisions in th...

With skyrocketing prices everywhere you turn these days, it’s more important than ever to take control of your money by making and sticking to a monthly budget. And I’m a big believer that every married couple should have a monthly budget meeting be...