How to invest to get out of debt with Dr. Marlene Street Forrest, head of the Jamaica Stock Exchange

Nov 05, 2024 4:31 pm


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In this interview with #DenniseWilliams of the #CaribbeanCreditRepairAssociation and #Dr.MarleneStreetForrest, managing director of the #JamaicaStockExchange, we share how you can grow out of debt with investments. Using this approach, you can build a portfolio that offers (a) the ability to grow your money and (b) the ability to get dividends in cash from the investments you make.

Watch as we go through key points that will guide you to help yourself out of debt by taking the behavior of an investor and not a consumer!

If you want a deeper dive into learning 12 little known secrets for coming out of debt, be sure to follow this link here for our training course.

That said, let us get down to the guidance offered by Dr. Street Forrest:

1.  Debt takes time to grow if not managed properly so many persons are ashamed of the debt they carry.

2.  Yet, companies borrow all the time and the secret is that they match their borrowing with their investments. So that way, even if they carry debt, they are still growing.

3.  We at the stock exchange believe that Jamaicans have the capacity to grow.

4.  No pay increase will ever match the growth rate of a well selected stock portfolio.

5. Notice the keywords """"well-selected"""".

6. The stock exchange does not promise growth. We promise to facilitate growth-minded individuals and companies.

7.  So how do you grow out of debt?

8. First, you need to create a plan to pay down debt.

9.  Then you need to create a plan to pay into an investment to grow.

10. At the JSE, we are not just talking about the investment in companies. Through our Ecampus we encourage you to invest in yourself.

11. You can never lose off investment in education.

12. Therefore, the JSE offers two pathways to grow out of debt - invest in companies and invest in your education.""

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