Financial Safety Advice

Concrete solutions

Learn in this seminar the essential keys to financial success

Nobody has taught us to be prosperous.

At school and at home we were given a contradictory statement. We have been trained in literature, history, math, but most of us have never learned how to be prosperous. How can a person increase their capital and other fighting his personal bankruptcy? Learn in one day what normally is not learned in a lifetime. The personal success and financial security is available to all. During the seminar you learn the most important principles and techniques to get the path to your financial freedom.

Answer the following questions

• If from now you will not gain even 1 euro. Can you continue to live quietly for 1 year?
• Are you satisfied with your current income?
• Can you live in the short term performance of your capital?
• How your capital has grown over the past 5 years? Do the next 5 want to stay in the same line?

If you answered NO to any (s) of the questions. This is your seminar. 
You can be sure that your investment in this seminar will be profitable.

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Find out what to keep in your shopping security to get peace of mind or the time required to retrieve your usual financial pace with something unexpected.

Shopping safety or financial cushion will protect you and your family in case something unexpected happens, as it may be running out of jobs or some other source of income.

This cushion can also help deal with the little surprises of life, as it spoils the car or refrigerator.

To be properly protected, you should make sure your cart contains most? Not all, of the following:

1. Having saved a similar amount to your maintenance costs of 3 to 12 months if an emergency arises. The objective here is to have saved money to cover expenses in case you lose your income.
2. If you have 50 years, it’s time to do a medical insurance . If you already have one, then it’s time to check that your insurance will cover medical bills if you fall ill.
3. I really need to have an updated will . Remember not to plan what will happen after your death, the government will decide what to do with the fruits of your work life.
4. If you have your dependents, you should have life insurance. This protect people get dependent on you.
5. Protect your income with disability insurance . One in eight people suffer from a handicap. The right disability policy would be one that could pay you a sum of money equivalent to that now take home.
6. It is advisable to hire a guard against the lawyers , in order to protect yourself against this tide of frivolous lawsuits that currently inundate us.

In this time of crisis, to ensure a serene future, economically speaking, it seems something of a privileged few. However, it is something you can achieve if you follow these 10 rules, as well as financial security, help him achieve his goals.

1. Set clear targets. It is difficult to meet a savings plan if you do not know exactly what you are saving money. Therefore, it must clearly define their goals.

Are you saving for college for their children? Or maybe to buy a house? With a specific goal, it will be easier to resist the temptation to spend.

2. Make decisions between you and your partner. Many savings plans fail to materialize for the simple fact that the partner can not agree.

In this case, it is best to take into account both the needs and dreams of others, setting and achieving short term goals. In this way, work together for the benefit of the family.

3. Do not call it “budget.” It has been said that the difference between a desire and achieve a goal is to have a plan. But some people are intimidated by the word budget because you think it means sacrifice. If you are one of them, call it another way, such as “daily.”

The important thing is that it includes all fixed costs: the house payment, buying food, transportation, etc.. In this way you will know how you invest your money.

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Once it comes to retirement many people find that it is possible to enjoy it due to economic factors. Without the existence of a scheme secure retirement, the feeling of a comfortable life may seem impossible.

According to the Department of Labor U.S., Social Security provides only a small portion of financial protection, although a third of Hispanic retirees depend on a paycheck as the sole source of income.

Obstacles to a comfortable retirement

Theresa Cruz-Myers, Associate Vice President of Marketing and Education Nationwide Retirement Solutions, says that Hispanic employees often make many sacrifices for their loved ones, but when they cease to belong to the workforce, they also sacrifice their lifestyle significantly . This is especially evident in the case of Hispanics, who believe their children or relatives take care of them in their old age, so do not consider as a priority adequate planning.

According to the Department of Labor, United States, women are less likely to be reported in the financial aspect, but generally live five to seven years longer than their male counterparts. Women are twice as likely to receive income below the poverty level after retirement, says Cruz-Myers. According to several reports, the average Hispanic women receive 52 cents for every dollar men earn wages. A lower payment means less cash to spare, Social Security checks, and reduced pension payments. Read the rest of this entry →

The proposal to have a law on Financial Security of a necessity in Ecuador. Despite the crisis of 1999, not yet have a modern and comprehensive framework for an orderly and traumatic handling of potential financial problems. The few cases of troubled financial institutions in recent years have been handled slowly, missing agile solutions to prevent a certain problem from spreading to other institutions. However, there are at least three aspects of the law in which care must be taken.

First, the size of the Liquidity Fund will remain small for quite some time, creating the need for external lines of credit or other protection mechanisms. The problem is that the new Constitution prohibits public debt than for investment projects, limiting the ability to borrow for a line of financial strength.

Second, the apparent mistrust of government to the private sector leads the public sector control markedly Liquidity Fund and is the only one who can convene meetings. Excessive under-representation of the private sector may involve a politicization of the agency and the banks do not believe in the system and continue to have their own cash reserves. Read the rest of this entry →