Learn How to Generate Income Says PM

Douglas has expressed his desire for all Kittitians and Nevisians, of all ages, to learn how to generate income and how to hold on to it, and make it grow. 

In an address on Sunday (30th September, 2012), to launch activities to celebrate Financial Information Month, Douglas stated that he  wants everyone to understand the difference between saving and investment and to understand how best to manage conflicting demands on the limited financial resources availible. 

“It is my desire, as I am sure it is the desire of Finance Ministers throughout the Eastern Caribbean Currency Union, to ensure that throughout the region, there develops a greater familiarity with the sources of financial stability, and paths to economic progress ,” Douglas added. 

He said they more importantly they would like to see citizens learn how to differentiate between those demands that draind financially, and those that lead to greater security in the long run. 

The Finance Minister also spoke about those with equally good minds who never figure out how to make any money at all.

“For too long, individuals with great minds have devoted all of their time to mastering one area of professional expertise or another, while having not the slightest inkling about even the most rudimentary aspects of money management.  As a result, these individuals often invest a great deal of time learning how to make money, while knowing absolutely nothing about how to keep that money, how to manage that money, or how to make that money grow,” he added. 

Douglas urged all Kittitians and Nevisans to  take maximum advantage of all that has been organized for their benefit, during the month of October, in order that everyone could, hopefully, acquire a solid level of financial self-mastery.



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