Seek financial advice no matter your financial condition.

Happy young couple taking financial advice at home

Seek financial advice no matter your financial condition.

It can save you and help you make money too.


We all need money. Some of us have a lot of money, some of have very little money and some of us do not have any money at all. However, despite your status, I encourage you to get financial advice.

You can have a lot of money today and sooner or later you can be without money because you did not manage it properly. I read stories of so many people that had millions of dollars and now some of them don’t barely have anything.

You can have very little money, but you can still be better off than some that have money. In fact, you may not have the physical cash, but you may have other assets.

Some of you may not have any money or any other assets but you can still move to a position of having money and other assets.

The thing is too many of us do not get advice and due to that we end up with very little. However, you can do better if you get financial advice from the right people.

Seek financial advice from professionals.

There are a lot of rich quick schemes, and it can be very tempting for you to be persuaded to invest your money into these schemes. Be very careful. When something sounds too good to be true, then it is too good to be true. Seek advice from a professional as some of these individuals are just learning about some of these schemes and they are making referral fees from you.

When you speak to a professional, the first thing you will need to know is your financial including your assets, liabilities, income, and expenses. An asset is what you own such as a car, land or house. A liability is what you owe such as mortgage or credit card.  Based on your condition, you can develop a plan with your professional advisor on how you want to move forward.

When you document your assets, you may be very surprised how much you have or how much you do not have. The same applies to your liabilities. If your liabilities exceed your assets, you are in a bankrupt position. However, you do not have to panic as you can perhaps sell some of your assets. Alternatively, you can increase your income either by getting a second job or starting a business. Any residual income can be used to pay off some of your liabilities.

Be disciplined and follow the advice.

You can get all the advice in the world, but if you do not follow the advice, it will not improve your condition. This requires a lot of discipline and control. In order to control yourself, you need to focus on your needs and not your wants. Too many times, we are in financial difficulties because we are satisfying our wants. Each time you are about to do something, ask yourself, do you really need it? Can you do without it? Another way to control and discipline yourself is to have a budget and stick to it. Also, do not compare yourself to others otherwise you will lose control and get things just to be like others. It is ok if you do not have what they have. It is ok if their house is bigger than yours.  Finally, put your money aside on what you budget and once it is done, it is done and don’t spend what you do not have.

Some things to consider.

I don’t know much about stocks and bonds, but I know something about real estate. Therefore, consider investing in real estate and then develop it into an investment property whether short term or long term. The demand is there.

Consider starting a business, especially in the tourism area where that is our main industry.  I pay attention to a lot of comments from tourists and one thing they complain about is the lack of nightlife and entertainment.

Consider an aggressive savings plan. Don’t say you can save. Try and you will see you can. As I always tell individuals, open a separate bank account, and put funds there and do not get the card or have access to that bank account.


It is important for all of us to know our financial condition and where we want to be. Too many of us are thinking long term and focusing on brands and status, we are spending all our funds on clothes and shoes that you wear once or expensive. Be very careful about how you manage your funds. There are people who can guide you and assist you so seek financial advice.

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