The Bermuda Islander
Fundamental Financial Planning Primer Series
BOOK ONE
The Dawn of New Beginnings
Your Personal Back-to-Basics Financial Review to Dramatically Improve Your Lifestyle
Written Specifically for All Bermuda Islanders
By Bermudian Martha Harris Myron, CPA JSM
Master of Laws in International Tax and Financial Services
Content Editor: Julie A. Hendrickson-Simons, BSc. AAPA QFA
Introduction
The Bermuda Islander Fundamental Finan-cial Planning Primer Series in eBook FormatThe Bermuda Islander Fundamental Finan-cial Planning Primer Series (the BIFFPP Series as they will be referred to further) is written for all Bermuda Islanders and their globally mobile families, their Do-mestic Affairs & their International Connections across the Great Atlantic Pond. The BIFFPP Series in summary - listed below will be featured across the next two years in published Flipbook/pdf down-loadable Segments, available on the Royal Gazette Website Resource Library, the Ol-derhood Group Ltd Bermuda website, and the www.pondstraddler.com website (still in revision stages). Since these eBooks will be issued in electronic format, they will be updated from time to time to re-flect changes in our investment world: Bitcoin, blockchain technology, cashless societies, global trade impacts, and so many more disruptive ele-ments introduced to the global investment marketplace that impacts us all locally and globally.
A couple of notes.These eBooks will not be fancy, and the formatting will probably not be perfect, but some will be complete- ly free, or at a tiny minimal cost to you. Any proceeds will go directly to the Reading Clinic, Bermuda, and the Bermuda Salvation Army, both non-profit Bermuda registered charities.
Each eBook written specifically for Bermu-da residents living in the Bermuda financial environment, represents the culmination of the author’s experience with clients, read-ers of the Royal Gazette and knowledge derived from more than thirty years as both a United States and Bermuda international tax and financial planning services practi-tioner. These important eBook Series provide ref-erences, materials, links, hypothetical com-posite cases (and reader feedback, always anonymous and confidential unless reader permission granted) compiled from presen-tations, white papers and Moneywise, the acclaimed weekly Personal Finance column for The Royal Gazette followed by thou-sands of readers since February 2000.
Contents
Mission StatementIntroductionStep One - BrandingStep Two – Setting GoalStep Three – Embracing Change Step Four – Making an Action Financial PlanStep Five - Savings for Rainy-Days and Contingency PlanningStep Six – Setting Up Your Budget TrackerStep Seven – Debt. Wants Versus Needs Step Eight – Your Loan Review. Know What You OweStep Nine – Employee BenefitsStep Ten - Your Personal Investment Review Step Eleven – Tracking Your PensionStep Twelve – Pension Lifestage ChoicesStep Thirteen – Rule of 72, Market Recovery, Do-It-Yourself InvestingStep Fourteen – Managing RiskStep Fifteen – The Dimming of the Day. Estate PlanningStep Sixteen – Bermuda Domestic Taxation and Global Compliance ImpactStep Seventeen – Financial Monitoring ChecklistStep Eighteen - Bermuda Pondstraddlers’ Lives™ Cross Border Challenges