SAM

I am a finance professional with decades of experience and a Fellow of the Kenya Institute of Bankers. As a Fellow, I share my knowledge to fight financial illiteracy and prepare my readers with basic information on financial matters.

7 Dumb Ways Retirees Blow Their Savings

7 Dumb Ways Retirees Blow Savings

insta_photos / Shutterstock.com When retirees blow savings, the damage is huge because their incomes are limited. Retirees usually have a limited amount of money to spend during their golden years. Unfortunately, some people make costly mistakes that can deplete their nest egg prematurely. From giving away cash indiscriminately to refusing to embrace lifestyle changes, here …

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Five money fears from childhood—and how to overcome them

5 cash fears from childhood—and methods to overcome them

[ad_1] The fix: If you have concerns about being able to meet your short- or long-term financial goals and you’re not sure they’re rational, you could probably benefit from an outside perspective. “It goes back to getting professional advice, because that objective opinion can really deal with the anxiety,” says Dilys D’Cruz, vice-president and head …

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Last chance to rate your wholesale brokers and MGA partners

Last chance to rate your wholesale brokers and MGA partners

[ad_1] Entries for Insurance Business America’s annual 5-Star Wholesale Brokers and MGAs survey will close this Friday, December 17. Readers can still submit their entries to the annual showcase using this online form. The survey invites producers to rate their wholesale partners’ performance so that businesses can identify main areas for improvement. By contributing your …

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Thimble launches event liability coverage

Thimble launches event liability coverage

[ad_1] Insurtech startup Thimble has announced the launch of its new Event Liability Insurance offering for business owners. The product will be available through Thimble’s app and website. Event insurance protects business owners from the financial impact of risks associated with organizing or participating in a social event, including third-party bodily injury, property damage and …

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Holmes Murphy announces brand refresh

Holmes Murphy announces brand refresh

[ad_1] National insurance brokerage Holmes Murphy has announced that it is evolving its brand, introducing a dynamic, client- and employee-centric campaign. The brand refresh reflects Holmes Murphy’s philosophy that insurance services should adapt to an ever-changing world, the company said. “From the moment our leadership teams began discussing where we wanted to take Holmes Murphy …

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Stablecoin issuers should choose rule model, key lawmaker says

Stablecoin issuers ought to select rule mannequin, key lawmaker says

[ad_1] Pat Toomey, the top Republican on the Senate Banking Committee, said cryptocurrency stablecoin issuers should be able to choose from three different regulatory models including operating under a bank charter. Senator Pat Toomey, a Republican from Pennsylvania and ranking member of the Senate Banking, Housing, and Urban Affairs Committee. Photo by Bloomberg Mercury The …

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Martin

Take his 5 minute train class to realize these monetary kilos

[ad_1] 5. Can’t afford to fully repay your credit or store cards? You can’t afford not to try a balance transfer.  If you pay interest on card debt, quickly put your details into our 0% Balance Transfer Eligibility Calculator to see your odds of being accepted for a deal. These cards pay off debt on old cards for you, …

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Hurdles to Homeownership: How Millennials’ Student Loan Debt is Affecting the Mortgage Industry  

How Millennials’ Student Loan Debt is Affecting the Mortgage Industry  

[ad_1] Student loan debt reached more than $1.6 trillion in 2020, according to the Federal Reserve. Student loans (and their interest rates) are a constant topic of conversation, and it’s often cited as a major reason why we have recently seen such dramatic changes in consumer trends, especially within the housing market. The usual rhetoric …

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