Investing In You--Your Pathway to Financial Freedom
by Glenn S. Ferguson

Bahamians are earning and spending more than ever. But how much do we save? Surprisingly Bahamian are saving far less than they should! Even those of us who have higher incomes, haven’t achieved the success we desire and that’s because our debts are so high and our savings and investments so minimal. So where are we?

Beginning this Tuesday, November 8, 2005 between 4:00 pm and 5:00 pm I invite you to tune into “Investing In You” on ZNS 1540 AM. Each Tuesday my guest and I will be helping you by answering your financial questions. All you have to do is call, fax or email us your questions.

I must warn you, we have no magic potions, no get rich quick schemes. Just time honored methods that will guarantee your financial success. In the end, your financial success depends on you, Investing In You!

So spread the word and tune in, you’ll be glad you did!


--------------------------------------------------------------------------------

To advertise or if you’re interested in being a guest on our program contact Glenn S. Ferguson at 1-242-327-2453 or 327-0854.

For free financial advice email you questions to us at glen@investinginyou.org and receive a complimentary response with a solution to your current financial dilemma.

Glenn S. Ferguson
Suite # 6 Cable Beach Shopper’s Haven
Nassau, Bahamas
Phone: (242) 327-2453 Fax: (242) 327-2456

I'll listen to your show.

I have one issue. You wrote, "Surprisingly black Bahamian are saving far less than their white brothers, yet professing to have majority rule! How can this be when 85% of our economy is controlled by the 15% non blacks."

Surely, the important thing is that 100% of our economy should be controlled by Bahamians. Bahamians come in all colors, shapes and sizes. I don't like this "everything has to be Black" thing. As I see it, at least in the Bahamas, it should be a Bahamian thing. If Blacks, or any other color, want a piece of the pie then learn the rules and get in the game. If one group is doing better than another, the thing would be to find out what that group is doing and do likewise. I hope you will be teaching that on your program. The only color one needs to worry about is green (the universal color of money.)

Good luck with your show. :tup:

I agree with your sentiments. Color was only to play off a what we call majority rule here in the Bahamas, which seem to only focus on political empowerment but should also include social and economic.

Thanks,

Glenn

I'll listen to your show.
I have one issue. You wrote, "Surprisingly black Bahamian are saving far less than their white brothers, yet professing to have majority rule! How can this be when 85% of our economy is controlled by the 15% non blacks."
Surely, the important thing is that 100% of our economy should be controlled by Bahamians. Bahamians come in all colors, shapes and sizes. I don't like this "everything has to be Black" thing. As I see it, at least in the Bahamas, it should be a Bahamian thing. If Blacks, or any other color, want a piece of the pie then learn the rules and get in the game. If one group is doing better than another, the thing would be to find out what that group is doing and do likewise. I hope you will be teaching that on your program. The only color one needs to worry about is green (the universal color of money.)
Good luck with your show. :tup:

But it is a race "thing" CG. Let's not forget that most of the wealth in the hands of the few was gained from the oppression of the majority. I honestly believe that the reason that most Bahamians find it hard to maintain wealth is because they feel that they don't deserve it, they don't feel a genuine ownership of it and that if they save it that one day they will loose it all.

This is Biblical also and I don't want to go too far into it now but I will give you an example.

For many years the Egyptians oppressed the Israelites (who became the majority) as slaves and gained wealth from them above imagination. It was also slaves that built the Great Pyramids and other symbols of the Egyptians wealth. Even after being freed by God Himself the Israelites still suffered in their minds from the oppression of Egypt. Just like Bahamian the Israelites were not optimistic about the future. Therefore whenever God fed them they would store up the food because they didn't think that he would provide for them another day. (As you know the food spoiled on them).

This is why we feel more comfortable when are Bank accounts are empty; No one can steal our money if nothing is there right?

I will be writing something on this very soon. Stay tuned...

But it is a race "thing" CG. Let's not forget that most of the wealth in the hands of the few was gained from the oppression of the majority.
Nonsense! There are Black millionaires as well. There are White people who have gained wealth in resent years that had nothing to do with the past. It had to do with hard work, savings and good business sense.

I honestly believe that the reason that most Bahamians find it hard to maintain wealth is because they feel that they don't deserve it, they don't feel a genuine ownership of it and that if they save it that one day they will loose it all.
No, it is just that they like to spend and spend and spend, even if they don't have it. The skill, and it is a skill, to gain and maintain wealth, is lacking in the majority of people - be they Black or White, Bahamian or other wise. The the problem is theirs! Someone needs to teach, others need to learn.

This is Biblical also and I don't want to go too far into it now but I will give you an example.
For many years the Egyptians oppressed the Israelites (who became the majority) as slaves and gained wealth from them above imagination.
The Israelites were never the majority in Egypt. They were a small group who's importance has been blown out of proportion by the Bible.

It was also slaves that built the Great Pyramids and other symbols of the Egyptians wealth. Even after being freed by God Himself the Israelites still suffered in their minds from the oppression of Egypt. Just like Bahamian the Israelites were not optimistic about the future. Therefore whenever God fed them they would store up the food because they didn't think that he would provide for them another day. (As you know the food spoiled on them).
The consensus of opnion now a days is that the Israelites did not build the Pyramids. Dr. Zahi Hawass and Mark Lehner have proven that it was not built by slave labour but by paid craftsmen.

This is why we feel more comfortable when are Bank accounts are empty; No one can steal our money if nothing is there right?
True, so they buy cars, gaudy jewelry, and gigantic TV sets - which also get stolen!

I will be writing something on this very soon. Stay tuned...
I will.

Nonsense! There are Black millionaires as well. There are White people who have gained wealth in resent years that had nothing to do with the past. It had to do with hard work, savings and good business sense.
I never said all ya know CG. I said most.

No, it is just that they like to spend and spend and spend, even if they don't have it. The skill, and it is a skill, to gain and maintain wealth, is lacking in the majority of people - be they Black or White, Bahamian or other wise. The the problem is theirs! Someone needs to teach, others need to learn.
CG I am sure that the statistics would show that this is more of a Black issue than it is a white one.

The Israelites were never the majority in Egypt. They were a small group who's importance has been blown out of proportion by the Bible. .
LOL :D That's funny CG. That's the same thing the princess margret hospital officials said about the haitian birth rate report in the Tribune. But we all know better.

I wonder who did the census in Eqypt back then? If the Israelites were such a small group then why were the Egyptians so afraid of being overthrown by them?

The consensus of opnion now a days is that the Israelites did not build the Pyramids. Dr. Zahi Hawass and Mark Lehner have proven that it was not built by slave labour but by paid craftsmen.

I never said that the Israelites built them (which most likely they did). Did Dr. Zahi Hawass and Mark Lehner also explain what all those slaves did while the craftsmen went to work?

I never said all ya know CG. I said most.
You implied it by saying it was a Black thing.

CG I am sure that the statistics would show that this is more of a Black issue than it is a white one.
I think it might be a class thing more than anything else.

I wonder who did the census in Eqypt back then?
The Egyptians of course! People were counted as well as the wealth. Slaves were part of that wealth. Why should the people of the time lie? They saw themselves as the master of the known world. They had no one to answer to, and even if they did - everyone owned slaves it was a sign of wealth and the conquering of other nation. If anything the Egyptians would have over inflated the numbers to make themselves look good.

If the Israelites were such a small group then why were the Egyptians so afraid of being overthrown by them?
They were not. On the other hand, Slave masters are always worried about uprisings. The Hebrews were not the only slaves held by the Egyptians. It was the Bible that said they were a force, but the Bible had an agenda. There is no evidence in the historical record that there were vast numbers of Hebrews in Egypt. There is no evidence for the plagues. There is not a shed of evidence of the Hebrews wandering in the desert for forty years - not a shred!

I never said that the Israelites built them
You implied it.

(which most likely they did). Did Dr. Zahi Hawass and Mark Lehner also explain what all those slaves did while the craftsmen went to work?
field work, house work etc. But what difference does that make?

I have written a few threads now and none has received the attention this one did-I feel its the color thing!

So, I have revised the thread, take a read and do listen to my show and if you're interest in sponsoring or sharing your opinions as a guest on the show let me know.

I have written a few threads now and none has received the attention this one did-I feel its the color thing!
So, I have revised the thread, take a read and do listen to my show and if you're interest in sponsoring or sharing your opinions as a guest on the show let me know.

I am sorry you revised your thread, things were just getting interesting! The fact remains that a lot of people do see this as a color thing. I see it as ignorance of the true nature of personal economics. All ignorance can be dispelled by learning. To say that a Black man can't save $5 a week because 250 years ago his ancestors were slaves, demeans the race! I believe that any man, Black or White, when shown the facts will realize there importance and act.

I am looking forward to your show. Times and dates again are "Beginning this Tuesday, November 8, 2005 between 4:00 pm and 5:00 pm I invite you to tune into "Investing In You" on ZNS 1540 AM."

Investing In You--Your Pathway to Financial Freedom
by Glenn S. Ferguson

Bahamians are earning and spending more than ever. But how much do we save? Surprisingly Bahamian are saving far less than they should! Even those of us who have higher incomes, haven’t achieved the success we desire and that’s because our debts are so high and our savings and investments so minimal. So where are we?

Beginning this Tuesday, November 8, 2005 between 4:00 pm and 5:00 pm I invite you to tune into “Investing In You” on ZNS 1540 AM. Each Tuesday my guest and I will be helping you by answering your financial questions. All you have to do is call, fax or email us your questions.

I must warn you, we have no magic potions, no get rich quick schemes. Just time honored methods that will guarantee your financial success. In the end, your financial success depends on you, Investing In You!

So spread the word and tune in, you’ll be glad you did!


--------------------------------------------------------------------------------

To advertise or if you’re interested in being a guest on our program contact Glenn S. Ferguson at 1-242-327-2453 or 327-0854.

For free financial advice email you questions to us at glen@investinginyou.org and receive a complimentary response with a solution to your current financial dilemma.

Glenn S. Ferguson
Suite # 6 Cable Beach Shopper’s Haven
Nassau, Bahamas
Phone: (242) 327-2453 Fax: (242) 327-2456


financial freedom is only a fairy tale for the majority of persons. the most the majority of persons can hope for is saving enough for retirement (which they still find hard to do) but financial freedom for the majority is just not going to happen.

the problem is most persons are on the bottom rung, and to get 1 to 2 steps up the financial ladder takes hard work, smart choices, time, patience, and a few good breaks (like free college education)

another problem is the vicous cycle that is plaguing so many ie grow up in a single family home, mom's out working 24/7 just to make ends meet, never educated on how to make money stretch and work for u, graduate HS, cant afford to go to college, grap a minimum wage job, have kids that create overhead, and the cycle continues.

also I dont think the majority of bahamians are earning that much more or even more in general (due to the high cost of everything). a lot of what we see the folks rollin down the streets in or the way a person is dressed is simply what i like to call simulated wealth. as soon as these folks pay off one loan, they jump into another. sometimes before a loan ends they back in the bank. i relise this is what the folks have to do to survive. ie i need a car now, my child has to have private education now etc.

I'll listen to your show.
I have one issue. You wrote, "Surprisingly black Bahamian are saving far less than their white brothers, yet professing to have majority rule! How can this be when 85% of our economy is controlled by the 15% non blacks."
Surely, the important thing is that 100% of our economy should be controlled by Bahamians. Bahamians come in all colors, shapes and sizes. I don't like this "everything has to be Black" thing. As I see it, at least in the Bahamas, it should be a Bahamian thing. If Blacks, or any other color, want a piece of the pie then learn the rules and get in the game. If one group is doing better than another, the thing would be to find out what that group is doing and do likewise. I hope you will be teaching that on your program. The only color one needs to worry about is green (the universal color of money.)
Good luck with your show. :tup:


i agree with u CG whats the diff, the important thing would be to have a bahamain economy controlled mostly by bahamians. you also brought up another point if one group is is doing better then the other group needs to stop, look, and listen to pull them selves up. but this bring me back to what I said in my first post and somewhat to what delroy said. in the begining the "whites" (majority) got a leg up and breaks on the backs of the blacks (minority). helping them (majority) to continue a succession of success and wealth (even after equality came in place), no denying that. but i feel that it is time we (blacks) put some of this equality our father fought for to use. becuase of equality we (blacks) can not go and exploit another minority group to get a leg up so that means we have to work very hard to pull ourselves up. in other words the majority had a stepping stool and we aint get none. thats the way it is (tuff, get over it) so we have to make our own stepping stool from scratch

its hard work building a stepping stool from scratch but its the only the way if a person truely wants a step up to financial success (ya feel me). but pple keep throwin the materials and tools away by spendin every dollar you make, in many cases spending it before you make it. always borrowin from the bank and friends, not investing in your education and your kids education, alway flushin ur money down the drain on worthless investments ie flashy cars, expensive cloths, expensive shoes etc, not teachin ur kids how to handle money (this is the main reason we dont have a sucession of finacial success in our culture), creatin more babies and personal overhead than you can afford, gettin ur self mix up with the wrong spouse ie high mainencance person, someone who dont know how to handle money, or endin up in a messy divorce etc etc etc.

I have written a few threads now and none has received the attention this one did-I feel its the color thing!
So, I have revised the thread, take a read and do listen to my show and if you're interest in sponsoring or sharing your opinions as a guest on the show let me know.




Actually, I listen to your show and find it VERY informative and enlightening. Just recently, you were discussing savings and Bahamians qualifying for mortgages. What startled me was the figure I heard about the $$ dollar amount on the saving accounts of the majority WORKING Bahamians being under $900. I think the accurate figure was around $700 or so. That's startling! Equally as shocking, was the percentage of single Bahamians who can not qualify for a $90,000 (I think that's what the figure was) mortgage, I think it was around 67% or somewhere around there.

I must say, that those are some unbelievable numbers, and we must do better as a people w/ getting our priorities in order and making better decisions w/ our money.