Do It Fuh Grantley

We’ve never been more excited to be caught trying to keep up with The Joneses.

On this week’s episode, we’re joined by Dwayne and Kelly Jones of Debt Free Caribbean. Listen in as this captivating young couple share how they cleared over $67,000 in consumer debt in less than three years.

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Episode Time Stamps:
[00:00:00] Introduction from Kim Howard
[00:02:51] Interview with Dwayne and Kelly Jones
[00:06:17] Getting their finances in order
[00:09:08] Cold hard sacrifices
[00:16:08] Delayed gratification
[00:17:15] Navigating COVID-19
[00:21:15] Reflecting on the journey
[00:30:00] Looking forward
[00:32:05] Closing comments

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Grantley Speaking - An Episode Glossary:
Asset/Long term asset - An item that has value. It could be financial or “real”, that is
Credit card - A credit card is a borrowing tool used to buy items; you can also use it to transfer balances or withdraw cash. Once a month you receive a statement of your borrowing. You then have the option to pay off the full balance on the card, or an amount less than that, as long as you make at least the minimum payment. If you don’t repay in full, you’ll usually be charged interest. You’ll be given a credit limit – make sure you keep within this, as the charges for not doing so can be high.
Share secured loan - A share secured loan uses the assets in a share account, otherwise known as a savings account, to back up the loan.
Debt consolidation - This refers to taking out a new loan to pay off other liabilities and consumer debts, generally unsecured ones. Multiple debts are combined into a single, larger piece of debt, usually with more favourable payoff terms.
Snowball strategy/method – The snowball method is a common debt repayment strategy. This method focuses on paying down your smallest debt balance before moving onto larger ones.
Delayed gratification (Check out episode 5 in our first season) - The ability to resist the temptation for an immediate, but usually smaller, reward and wait for an enduring reward or achievement later.
Emergency fund - An emergency fund is a financial safety net for future mishaps and/or unexpected expenses. Financial planners recommend that emergency funds should typically have three to six months' worth of expenses in the form of highly liquid assets.
Portfolio - A portfolio is a collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents.

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Questions or comments? Send us a voice note on speakpipe.com/doitfuhgrantleypodcast.
For past episodes, please visit fortressfund.com/podcast.

Do It Fuh Grantley is produced by Fortress Fund Managers and Honeycomb Productions.

Want to get in touch?

• DM @fortressfundmanagers on Instagram or Facebook 
• Email us at [email protected]

After a less than stellar start to the year, financial markets are recovering and well.

Fortress’ Chief Investment Officer, Peter Arender, joins us this week to explain how this is even possible after a recession that was projected to be the worst since the Second World War.

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Episode Time Stamps:
[00:00:00] Introduction from Kim Howard
[00:03:23] Interview with Peter Arender
[00:03:50] Responding to market fluctuations in March
[00:07:17] Equities? Bonds? What’s the difference?
[00:09:36] How this recession compares with others
[00:13:00] It’s how markets respond to the news
[00:17:12] Economic outlook
[00:26:15] Fortress Funds’ performance
[00:29:23] When is it a good time to invest?
[00:30:23] Managing risk
[00:31:44] Closing comments
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Grantley Speaking - An Episode Glossary 
Financial markets - Financial markets refer broadly to any marketplace where the trading of securities occurs, such as forex, money, stock, and bond markets.
Bond market – This is where investors go to buy and sell debt securities issued by corporations or governments.
Credit line – A credit line or line of credit is a preset borrowing limit that can be used at any time.
U.S. Federal Reserve - The Federal Reserve System is the central bank of the United States.
Liquidity - This refers to the ease with which an asset, or security, can be converted into ready cash without affecting its market price.
Asset/Long term asset - An item that has value. It could be financial or “real”, that is something physical like land, buildings, cattle or machinery. Long-term assets are assets or other investments made by a firm that will benefit the company for several years.
Capital - Capital is a term for financial assets, such as funds held in deposit accounts and funds obtained from special financing sources.
Equities – Equities represent residual ownership in a firm or asset after subtracting all debts associated with that asset.
Fixed Income instruments/securities – These are debt instruments that pay a fixed amount of interest — in the form of coupon (annual interest rate paid) payments — to investors. The principal invested returns to the investor at maturity (date on which the principal amount of a debt instrument becomes due).
Corporate bonds - A bond is a debt security. Borrowers issue bonds to raise money from investors willing to lend them money for a certain amount of time. Bonds can be issued by corporations or governments.
Maturity date - The maturity date refers to the time when the principal of a fixed income instrument must be repaid to an investor. It also refers to the due date on which a borrower must pay back an installment loan in full.
Recession - A period of declining economic performance across an entire economy that lasts for several months.
Interest rates - Interest rate may refer to the annual cost of credit or the annual percentage growth of a savings account.
Rate of return - The rate of return is used to measure the profit or loss of an investment over time.
Raise all boats - This refers to the idiom, "A rising tide lifts all boats". The idea being that when an economy is performing well, all people will benefit.
Time horizon – This is the period where one expects to hold an investment for a specific goal.
Risk tolerance - A measure of how much of a loss an investor is willing to endure within their portfolio. It looks at how much market risk an investor can tolerate, due to stock market swings, economic events, regulatory changes etc.
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Questions or comments? Send us a voice note on speakpipe.com/doitfuhgrantleypodcast.

Do It Fuh Grantley is produced by Fortress Fund Managers and Honeycomb Productions.

Want to get in touch?

• DM @fortressfundmanagers on Instagram or Facebook 
• Email us at [email protected]

Business leaders, George Griffith (Surfside Wellness Centre) and Lily Dash (WiFetch) met the challenges of the COVID-19 lockdown head on, and, with considerable success.

Their decision to pivot, not panic, has enabled these entrepreneurs to survive and thrive during uncertain times.

Find out how they managed to both launch a brand new business, as well as maintain and increase their existing client base, during the height of the COVID-19 pandemic lockdown.

For show notes, past episodes, and to record your life and finance questions, please visit fortressfund.com/podcast.

Do It Fuh Grantley is produced by Fortress Fund Managers and Honeycomb Productions.

Want to get in touch?

• DM @fortressfundmanagers on Instagram or Facebook 
• Email us at [email protected]

This week international broadcaster, Alex Jordan and Fortress’ Client Relations Associate, Krystal Dowell, join Kim and Omar to reflect on some of the important financial and life lessons they were compelled to learn during lockdown.

For show notes, past episodes, and to record your life and finance questions, please visit fortressfund.com/podcast.

Do It Fuh Grantley is produced by Fortress Fund Managers and Honeycomb Productions.

Want to get in touch?

• DM @fortressfundmanagers on Instagram or Facebook 
• Email us at [email protected]

We begin the fourth season of Do It Fuh Grantley with a frank discussion on the potentially catastrophic effect the COVID-19 pandemic has had on Barbados’ economy. Barbadian economist, Shane Lowe, joins us to share his professional views on the country’s national insurance scheme and the need for diversification of the tourism industry.

We hope you enjoy the show!

For show notes, past episodes, and to record your life and finance questions, please visit fortressfund.com/podcast.

Do It Fuh Grantley is produced by Fortress Fund Managers and Honeycomb Productions.

Want to get in touch?

• DM @fortressfundmanagers on Instagram or Facebook 
• Email us at [email protected]

Her goal is to achieve a debt free life for her and her daughter. Alison Brome is "MummyIsDebtFree" and she joins us this week to talk about her debt free journey as well as share sound advice on how others can pursue a similar lifestyle.

Do It Fuh Grantley is produced by Fortress Fund Managers and Honeycomb Productions.

Want to get in touch?

• DM @fortressfundmanagers on Instagram or Facebook 
• Email us at [email protected]

Returning guest, Kelly "Talk About Money" Johnally shares just how property investment is shaping her future. She's joined by first-time guest, real estate agent and lawyer, Lily Dash. As the founder and CEO of Villabound, Lily knows all about climbing the property investment ladder and shares her tips for success. 

Do It Fuh Grantley is produced by Fortress Fund Managers and Honeycomb Productions.

Want to get in touch?

• DM @fortressfundmanagers on Instagram or Facebook 
• Email us at [email protected]

Financial independence is the goal.
Retiring early is the dream.
From side hustles to corporate jobs, here's how two millennials - Kelly Johnally and Matthew "Fewwture" Ashby - are making their dreams come true through the power of investing.

Do It Fuh Grantley is produced by Fortress Fund Managers and Honeycomb Productions.

Want to get in touch?

• DM @fortressfundmanagers on Instagram or Facebook 
• Email us at [email protected]

Davinia Tomlinson is on a mission to empower women to take control of their financial futures and we're here for it! The CEO and Founder of rainchq, joins us this week to debunk the many myths surrounding women and investment.

Ladies, it's not just the men who need to get that money. Let's make it rain!

Do It Fuh Grantley is produced by Fortress Fund Managers and Honeycomb Productions.

Want to get in touch?

• DM @fortressfundmanagers on Instagram or Facebook 
• Email us at [email protected]

The key to a comfortable and happy retirement is not a big, cushy salary. It's actually smart financial planning that will see you through your golden years! On "No One Wants To Work Forever", Fortress' own René Delmas shares some sage advice on just how to plan for retirement and how investing can make it a success.

Do It Fuh Grantley is produced by Fortress Fund Managers and Honeycomb Productions.

Want to get in touch?

• DM @fortressfundmanagers on Instagram or Facebook 
• Email us at [email protected]