You will always be in financial trouble if you don’t decide to have an Emergency Fund.

All seafarers are money spenders. We come on-board and stay their for 2 months or more, and when we sign off we have enough money to spend. But the question is how do we spend our money? Some of us has enough financial literacy and knows how to properly invest their money. Most of us…

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How can Debt change our lives?

At one point in our lives we experience having financial problem which forces us to borrow money which later on results to a huge amount of debt. Debt management has always been a problem to many seafarers and even I was not exempted from it. There are numerous reasons why people and each individual will…

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Fixing your financial life is just not good enough

Prevention is better than cure. In my opinion if you apply the same principle in your financial planning, prevention is better than fixing. It sounds odd but it works better for me. Preventing yourself to be in a lot of debt is better than fixing your debt payments while you are in it. Preventing yourself…

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Be warned! If you do this again, you’ll end up broke.

Being broke is the worst situation that you’ll end up in if you manage your money the wrong way. Jumping into decisions without consultation often leads to disaster and poor knowledge of what your putting yourself into. It is like eating food in a dark room with no light. You keep on swallowing the food,…

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