- A brand new face of Victoria Mutual Business Society (VMBS) was revealed when its Ocho Rios Branch celebrated Financial Independence Day on Wednesday, August 26. No longer does VMBS go by the tagline of ‘for every move you make’. The financial institution has a fresher tagline that tells the world that they are ‘Victoria Mutual- the home of financial independence.’VMBS branches across the island celebrated this day as a way of promoting the institution’s improved products and services to its members and clients. A symbolic ribbon cutting ceremony featuring Joan Walters, attorney Richard Donaldson, operations manager of VMBS Ocho Rios, Charmaine McConnell-Taylor and Pixley Irons, president of the St. Ann Chamber of Commerce, marked the “official opening” of their doors, followed by give-aways and snacks throughout the morning.
What is financial independence?
In an interview with The Times, Mrs McConnell-Taylor explained that the significance of the Financial Independence day was to officially showcase to its clients and members that VMBS is “a preferred financial partner that possesses the right tools, resources and sweeter financial solutions that will assist its members and clients to build financial independence.”
“Here at VMBS, we think that it is our responsibility as a financial institution to help each Jamaican and, by extension, this nation to build their financial independence, that is, the state where you can achieve all your goals and are financially stable,” explained Mrs McConnell-Taylor.“What we have therefore developed a structured approach using planning, goal setting, tracking and financial tools, and expert advice together with individually customized packages of savings, loans and investment products to make the journey easier and to help persons achieve financial sustainability,” she added.
Steps in achieving financial independence
Mrs. McConnell-Taylor noted that for each individual, the attainment of financial independence is taken from a different approach. However, she noted that there are some crucial steps that should be considered in attaining such. These are:
- Being honest in the assessment of your current financial solution
- Document specific goals including value and timelines for each achievement
- Having specific plans for achievement of your goals
- Being consistent in monitoring to track your progress along the journey.
VMBS encourages everyone to come on board as the company embarks on a new era of aiding Jamaicans in achieving their financial independence.
