Say No to Bad Debt

She was advised that her position was made redundant and that her services were no longer required. She spent 12 years at the bank. She refused to accept the separation package and decided to ask for a transfer to another location or division of the bank. She was approaching 51 years and she considered herself to be a difficult hire. She was aware that the job market was tough and since she did not further her education post secondary school, her chances were limited.

I asked her why did her position suddenly become redundant. She told me that she refused to offer customers credit cards and loan facilities. She said that she lamented the indebtedness of the customers in the queue to pay off their credit cards. It was a refreshing view, that a bank employee did not believe in taking credit cards and loan facilities when it was not needed.

It is loan sale time. As the Christmas season approaches, there are jingles on all radio stations with loan promotions. I visited the bank to make my loan application. The loans officer offered me a credit card and $20,000 extra. I told her that I had no use for $20,000 cash currently. This also meant a longer period to repay the loan. I asked her whether the additional $20,000 could be placed in a mutual fund. That way, a lower interest rate would be offered. Also, the bank will hold the $20,000 as collateral. I agreed to this proposition.

A word to the wise, you may be offered a credit card or additional money by your friendly, neighborhood banker. But remember that if you do not need it, do not take it. The banks thrive on excessive interest rates and credit card late fees. If you do not need it, do not take it.

The author is an attorney at law based in Trinidad.She specialises in AML/CFT and Fraud Risk Management . Website : http://asydneygroup.com.

What’s app 868 484-7778

Instagram @asydneygroup.com

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Why Worry??????????

What are you worrying about, you have me, he reassured. I listened to the differently abled man on the bus. He was telling his friend that he knew of a program that could earn $60,000 a year. He was explaining this to the man and trying to get him to invest in the program as well. The man was being cautious and expressing his concerns. But the differently abled man was hopeful to get an additional person to join under his leadership. Although I do not trust these multi level marketing schemes, I was pleased by the question. “What are you worrying about?”. The question makes absolute sense.

What is there to gain from worrying? Absolutely nothing. The outcome is simply distress and sleepless nights. While the subject of your worry is not in the least bit concerned about you. I refuse to destroy my body by consuming harmful substances and in the same breath, I refuse to harm my mind and body, by worrying about things that I cannot control.

The author is an attorney at law based in Trinidad.She specialises in AML/CFT and Fraud Risk Management . Website : http://asydneygroup.com.

What’s app 868 484-7778

Instagram @asydneygroup.com

The Importance of Connecting flights

It’s not the destination, it’s the ride. I saw a bus and decided to take a ride to Chaguanas, this is considered to be in the central part of the island of Trinidad. The bus had a sign that read “Montrose”. I was not a 100% that this bus would take me where I needed to go, nevertheless, I entered.

I observed that he took a detour that buses heading to South Trinidad would take. I felt like a tourist in my country. Instead of proceeding along the highway, he drove along one of the main streets, thereby encountering traffic.

The other passengers were mainly elderly persons, and they were elated to see each other. I saw a familiar police station and realised that I was in fact familiar with the area. However, to arrive at my destination, I would need to take a maxi taxi.

It felt like a joyride that was misguided.

I began thinking, sometimes we see an opportunity that appears to be something that it is not. We are lured by the immediate gratification offered.  When we do in fact take the opportunity, we are disappointed. In the event that this happens, try to catch a connecting flight or ride and make your dreams come through.

The author is an attorney at law based in Trinidad.She specialises in AML/CFT and Fraud Risk Management . Website : http://asydneygroup.com.

What’s app 868 484-7778

Instagram @asydneygroup.com