TheBeyondWoman Magazine Issue#2 | Page 28

FINANCIAL Roadtrip Guide Preparing for the twists & turns Suppose you want to go Negril or even to Mobay, how is that journey similar to your financial journey? Among many other similarities: clear directions and pressing the gas will help you arrive faster , whereas, never starting the engine, or frequently pressing the brakes will slow you down. .Are you ready for the road? Here are some tips to help you get on your way. 1. Before you start your engine . . . determine a destination: If you do not have a destination/goal, why drive? No financial destination will have you wandering aimlessly. Driving around in circles wastes your money but cash gets you nowhere. Determine your ‘financial destination’ with JMMB’s FREE goal planning session (GPS). This will also help you to determine the journey’s full cost. Your “financial trip advisors” will share financial solutions to make it affordable or provide you with alternate “financial routes” to get you to your destination. Now you can start your engine! 2. Automate your savings: Driving a stick shift vehicle on a long journey can be tiring; an automatic is much easier. This principle is also true with your finances. Creating a standing order or salary de- duction makes it easier for you to save/ invest automatically. To ensure you cannot withdraw, do not get a debit card for this account. Creating a standing order to your JMMB Wealth Builder portfolio is like hitting the cruise control button. Clients who invested and made no encashments enjoyed between 7.72% and 20.47% from March 1, 2016 – March 31, 2017.