Yes. This can be achieved with careful planning and you should consult a retirement advisor or one of our counselors for advice. Planning for early retirement should start early and your sources of income would include pension, savings and investment income.
What is Financial Freedom
Financial Freedom is Living within your means. Being Debt Free or Paying Debts as promised on a consistent basis with the goal of paying all debts by age 55
The Gas prices are rising regularly. What can I do to survive without a salary increase
Practice Gas expense reduction techniques as Car pooling, Driving at the speed limit, avoid frequent acceleration, limited use of the A/C and avoiding peak traffic travel. Our July Financial Tip of the week will give more advice on reducing your monthly gas bill.
Why should I save
Saving for a rainy day has always been part of living. We do not know the future and experience has shown that there will be unexpected expenses. Check out our Savings Club for advice on establishing a Savings Plan.
Should I build or buy a house
It is best to buy a house at this time. The current costs of building are considerably high and there are also great property deals in the real estate market. Our Counselors will be able to guide you through your application process for a mortgage.
Should I pay off my Mortgage with a lump sum payment
No. If you have cash available, you may consider applying small lump sum payments over time. You may need to have cash on hand for emergencies during the long duration of your mortgage.
How do I survive when my Income is less than my expenses
You will need to reduce your expenses or increase your income. This means that you will have to make a sacrifice and not buy everything that you need; or you will need to seek additional employment in the form of a part-time job. Try using our Survival Matrix to obtain a standard for your monthly expenses. Our counselors are always waiting to also assist with your questions.
What is the benefit of creating a Budget
A budget is a guideline / plan that you can use to manage your monthly expenses. Without it you are spending at will which can result in financial disaster. Let our counselors show you how to adjust your budget to your lifestyle.
Why should I join Job Market
Job Market is the only Independent Financial counseling source in the Cayman Islands. It will provide continuous honest practical tips on how to achieve financial independence. Our counselors will guide you through the use of our toolbox and will be available to answer your emails and calls within 24 hours. Excellent service is our top priority and we will strive to maintain utmost Integrity and Confidentiality.
