In the days of crisis the foundations try on which we have constructed. A solid foundation would have to support the storms that blow during unstable economic times. Lamentably, the last economic crisis in the open left enormous fluency of money handling and many people were surprised by their catastrophic effects. They had to observe with impotence like his jobs, his savings and their properties were made smoke literally.
If you were one of them, she is not lamented by the committed errors, but she watches forwards and she can learn of them. In addition it is good always for maintaining an attitude been thankful for that one focuses in which one has and not in which one does not have. This is going to help to him to overcome its problems more than any other thing.
And now, with a car spirit overcoming and optimism, we watch forwards and we see that things can change so that in the future it can have peace about its finances. It is an historical fact that the economy behaves in cyclical form. For that reason today I want to give the necessary tools to him so that it is preparation for the next crisis well, because this one will come sooner or later.
The 7 passages towards company in its finances:
1. It pays all debts in the same way that the compound interest rates work to their favor when it invests its money, they work in his against it must when it. A debt has a double cost: the payment of the quotas and the money that stopped winning by not being able to invest it.
2. It establishes an account of emergency
Saving it must have a well of at least 3 pays to be able to face any emergency in his life.
3. He is generous and it does a 10% of donations
It is a universal and Biblical principle that the harvest always comes after a sowing. If it seeds barely, barely it will harvest. This one is the most important step that it can give towards the financial security.
4. It spends the 10% of his entrance
Before spending your pay, you are pleased same. This one money is money that will work for you by means of mutual bottoms, action, real estate and businesses.
5. It saves for the education of his children
It’s a fact that Chilean families contribute three times more than those of the countries developed to the financing of the education superior of their children. It does not allow that to this one it pillages it stage off guard.
6. Its house pays as rapidly as possible
There is an enormous difference in the amount of money that you will spend in your house if the payment to 30 years or 15 years. He is better to pay it as rapidly as possible and to invest what it was saved.
7. It learns like creating manifolds entrance sources
The idea is to have eggs in different baskets that are producing him income month after month.
If you have not been able to settle down other multiple sources of entrance, is because it has needed the information necessary to be able to do it. For that reason it is important to invest in his financial education before trying to invest in any other thing.
Tags: Debt, economic crisis, emergency saving, financial education, financial security, Money