Financial Safety Advice

Crises are fertile ground for people with creative ideas and leadership. But where to find this idea to convince everyone?

The inspiration is sure to arise naturally from listening to customers, suppliers and employees, see what their needs are and how could you help fill those gaps.

This is what many people have done for various economic crisis and have done very well.
Knew how to listen, and understand, their suppliers and customers, and simply presented to all with the best solution.

In times of crisis rampant fear.

It talks about the crisis on television, radio, newspapers and magazine much there. This type of highly technical information generally exceeds the knowledge of the common man who purchase insurance.

Surely the vast majority of customers do not understand that much impact on his life, Dow Jones and the Tokyo Stock Exchange. But listen collapsing markets and just hearing the word makes him fear collapse.

Collapse is a word that has a very strong negative connotation. What crushes collapses. That being crushed does not sound very good.

Fear causes people to act very cautiously.

Perhaps with a wrong approach to take precautionary wrong decision.

In this climate of mistrust and fear is very welcome anyone who gets over fear and is presented as an alternative to improve. Read the rest of this entry →

Iranzo, who has delivered a conference on pension systems, toured the causes and consequences of the crisis to global and national level and considered that the current pension system is unsustainable, “since” is being spent more than what is entered, “so that” we must be thoroughly reformed to prevent the collapse of the system and prevent further contributing pensioners. “

In his view, “there has been an inadequate response, increasing public spending projects like the Plan E or aid car to buy something because people have not understood that the world has changed and it is necessary structural reform, not a ‘mini reform’ work. “

“It seems that we will end this situation, it is still trying to extinguish the fire with gasoline,” he lamented.

Therefore called for a reform of the pension system “for economic and social needs” and “common sense” and has opted to extend the retirement age to 70 years, since “today’s workers retire ‘from facto ‘at 62 years considering early retirement. “

Considered that with this it is necessary to modify other aspects, such as modifying the conditions of the pension system, which, in their view, happens, “not to touch the 15 years required for access to a pension but rather to establish a proportional rate.” Read the rest of this entry →

One of the issues currently of greatest impact is the economic crisis that is facing worldwide. Situation that we are suffering not only us as individuals but also various industries such as financial industry, automotive and insurance company AIG. The crisis in the auto industry goes hand in hand with the financial industry since by reducing vehicle demand, in turn decreases the chance of financing banks.

All this economic crisis is forcing financial institutions to offer customers various options to achieve sales and maintain existing ones. Such as lower interest rates, flexible credit evaluation, offering holidays to personal and car loans in arrears, mortgage loan modifications and other alternatives provided by the federal government to help consumers keep their property but in turn decreases the financial industry profits are forced to lower the percent of interest. The products of greatest demand and generate more profits for the financial industries were Real Estate, Mortgages, Read the rest of this entry →

Since the international financial crisis has exploded worldwide, the first reaction of the market is the stay, but it is for people who face a global crisis, the first thing to do is decide to protect their funds at home and leave there until the end of the crisis.

These reactions are very common in much of the population, but nothing is worse than making that decision. Why? Simply because as the crisis progresses, prices increase and inflation rises, the money that we keep under the mattress will lose value purchase. If before, EUR 10 bought two milks, tomorrow will buy one-thirty, due to the rise in prices.

Then it is clear that cash, paralyzed, does not work. Here the best approach is to invest the money, however little it is, in several different assets together. Although it is very common, you should not invest all savings in a single asset, because if it does not work lose all the money.

Here, it is best to invest, for example, in a fixed time in a mutual fund, stock or perhaps advised by someone you trust. It could also be one of these financial assets plus the capital contribution to another project, in exchange for future profits. The options may be several, some of our country and others with specialist advice. The truth is that nothing will save it under our mattress.

The issue is not to stop making money and that is what they are complying strictly financial institutions, in light of declining revenues by lower demand for mortgage loans before the crisis in the sector.

To avoid this situation, many financial institutions have decided to raise the fees charged for their cards, in what refers to the credit, which we have raised its annual fees by 16% to 28.89 euros on average, while debit cards have risen to 13.71 euros and withdrawing cash on credit from the bank itself these commissions are located in the 2.82% and if on the same network but a different bank reaches 3.98 %.

But not content with this, banks have also decided to raise fees for the opening of new loans, not mortgages, up 2.77% maintaining the same level as in 2007 the other committees, such as study or the maintenance and account management.

So, we have no other choice but when we become annual fee card, go to the bank to try to pay us the amount charged or not to pull cards or apply for loans, more difficult and in times of crisis.