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Dear Dave, I currently have student loans in deferment from earning a degree in hospitality management. My career goal is to own a mobile food vending company, so I’m putting most of the money I make from eBay and ride-hailing services — around $1,00...

Keep positive financial thought for this Cup Match weekend, and keep it real by knowing that just about every social life event revolves around relationships and money. Having said that, it’s understandable that you aren’t going to be in much of a mo...

A reader asked if I would write about cross-border estate taxation issues as they relate to Bermuda and the US, and the transfer of property in Bermuda. I have done so by giving an opinion on the following questions. Please note, these answers are g...

Dear Dave, I want to build an 18-unit apartment complex, but I don’t have enough cash to do it on my own. My net worth is around $1,00,000, and I have $600,000 I can put towards this project. It is estimated to cost $1.2 million. Would lining up inve...

Dear Dave, I’ve been living in a rental house for some time now. I was just told by the owners that the house is being foreclosed on next week. I’ve tried to call and e-mail them, but haven’t heard anything back. Should I go ahead and pay rent for th...

Martha Myron, Moneywise With the 2017 election just days away, here is a summary of some of the main points of both Bermuda’s political parties’ platforms. Note: this summary is not all inclusive. You, the voter are encouraged to read the summery of ...

Every election is important. Why? Because every individual who has the right to vote can choose freely to exercise their vote. It is a wonderful privilege. It is your right to cast a ballot in a confidential setting for the person or persons you feel...

Dear Dave, My dad wants me to buy a house on a 30-year loan for him and my mom in my name, and let them make the payments. I’m 24 years old and have a good credit score and a nice apartment. My dad filed for bankruptcy nine years ago, and he’s alread...

Ever wonder what drives an economy? Where does the money come from in circulation? Most people don’t think about this because normal day-to-day living constraints take far greater precedence. Somehow, the necessary access to money is just there. Wil...

Dear Dave, How do you know when you should file an insurance claim on a homeowner’s issue, versus just dealing with it and paying cash? — Ben Dear Ben, Basically, it’s when you begin to feel the pain financially. Let’s say you have a $1,000 deductib...

Another Reader FAQ to Moneywise: “Can a US citizen obtain a Bermuda issued credit card if they have a PO box address in Bermuda?” Short answer = No. Long answer = No. Very, very long answer = Maybe, under certain circumstances. First reason. A pos...

Dear Dave, When you use the envelope system, what should you do with any leftover money? MANDY Dear Mandy, My suggestion would be to carry it over to the next month. Lots of folks don’t use all the money in their clothing envelope during a month. The...