Maintaining a balance and developing coping strategies are crucial habits to cultivate as we continue to pursue financial freedom and cope with the current economic downturn. Excellence is developed by perfecting good habits. Focus on 'the positive advantages in life. Remember the 'What What What' approach to success - what you do with what you have determines what you become' and be thankful for your support systems, family and friends.

Tips for managing stress

1. Be responsible; use your free will to help yourself and others in need of assistance.

2. Do not fear challenges, they make you stronger.

3. Compliment, support and encourage others.

The Minister of Labour and Social Security Pearnel Charles has assisted Jamaicans to establish safety-net opportunities that will foster secure retirement.

According to Charles, "small-business opportunities, for example greenhouse projects (indoor agriculture), boutiques and technology-related ventures, are being established for these workers." In collaboration with the ministry of Industry, Commerce and Investments, they will assist redundant workers with funding for small projects. This collaboration will also create possibilities for workers to develop new skills with assistance from the Jamaican government.

The private sector is also a significant player with regards to planning for retirement. Earl Moore, president and CEO of Guardian Life Limited, notes that "One should not wait until age 45 or older to begin retirement planning, because it gets more burdensome the older one gets. Starting after the first job makes it easier as there is usually more time to save". He recommends the use of insurance plans with savings/investment funds, interest sensitive or equity-linked, as excellent products to accumulate funds for retirement.

Products for retirement

June Macfarlane, senior life underwriter, recommends life insurance that provides excellent products for retirement planning.

Since nobody operates alone while governing and developing any country, establishing solid relationships in both the private and public sectors will impact the successful growth of our beautiful homeland, Jamaica. Continued collaboration between these sectors will determine the quality of life for the entire country. It is crucial that Jamaicans and friends of Jamaica continue to invest in our banking system. A solid financial system will result in a solid country.

Be true to yourself. We as a people do not have to dim other's light in order to shine. The sky is more beautiful with multiple stars.

More about investment opportunities in Jamaica, in 'Financial Freedom' at the end of this month.

Elaine Grant-Bryan is an empowerment speaker at Morehouse School of Medicine and a real-estate expert on the HGTV & Fine Living Show, "What You Get for the Money"www.elainebryan.com