In the event that you are in the case of a cost structure that exceeds your income so loose, you must have to do something similar to a policy shock, similar to economic adjustments so in vogue these days.

The first point of this program sort of personal finance is something that would even common sense, but often is not: stop spending more than you earn. This phenomenon is more common than it seems, given the numerous incentives to spend around the individual, but spending at all, will end only with work to pay the debts. Like any plan of adjustment, it is recommended that can put together a budget, to be clear how much money, how much money does it take to daily spending and how much you have to occupy to pay debts and loans. In establishing the fee structure may be clear what you need to pay and consume a budget.

A second point is to stop spending on credit cards. Many times by placebo consumption, falls into the trap of credit card. No we do not use it, but if you are taking, be clear that often can become a heavy consideration, especially by the interest and fees that banks saddled by its use. Ideally, if using credit card, only to be used for specific expenses and can be paid quickly.

A third point is the money not being fair. Like all countries, families and individuals should have some reserves, whether in local currency or currencies as the U.S. dollar, since having emergency savings, you can meet in a better way contingencies that arise during the course the year.

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.

There are always good opportunities for those who listen to their customers, understand and get to work fast.
Do not forget that amid fears that the crisis lasts longer than desired, the employer can negotiate and get, for example, a good rental or a service contract for your company, more flexible than today.

A good negotiator is one who is presented with intelligence and creativity, and manages to make others want to help you grow your business.

With prices of commodities increasing day by day is adequate for its own strategic plan on maximizing your financial resources and to ensure that every penny earned is well spent.

Make your move on coordinating your finances and list of expenses that may affect the way you use your income and autonomy for its economic stability as a working individual.

His source of income, lifestyle, work habits and the current home location, cost of living, and loans to pay determines the level of budgetary needs. Starting to take charge of your finances is a certain way to be successful in a field of self-fulfillment and success.

The following advice and recommendations that will provide details on how it can help you manage your finances and assume a new outlook to become responsible for your expenses:

As the mathematical treatment of their life partner -? Mathematics entire purchasing needs. Try to compare the costs through its current location for the price of a variety of grocery and household items you need on a daily basis.

Save everything you can on a subject that is trying to buy. Effective use of Chinese entrepreneurs buying techniques. To save all they can and generally buy in bulk to increase their revenue index on the subject you plan to sell as well.

Betting Odds – leads the league in making his chaotic life, as it could get. Betting clean out your finances and keeps it open to the threat of bankruptcy.

Knowing your desires and needs – Limit your spending on something that you are in need. According to a recent study, luxuries are second to gambling in terms of degree of extraction capacity of money.

‘Do not spend more than you will’ – Rags-To-Riches stories do not fail to mention this famous cliché. There is always truth in this sentence you can not live in a world that consume more than they can produce.

The preparation of a list – Create your own budget, the list is essential for success to be prudent. A wise buyer should take into account the amount of a particular product and how it will impact your life as a person.

Unconscientious a consumer does not care about what you buy as long as he or she has money to buy for them. Unless someone has a considerable amount of money and wealth of resources, can not afford to lose this recommendation and continue with their practice.

The quality of the portfolio of loans is the credit risk, which depends primarily on two groups of factors:

- Internal factors that depend directly on its own administration or ability of executives from each company.

- External factors that are independent of management, such as inflation, unanticipated depreciation of local currency, climate disasters, etc.. here appears as a major state basic macroeconomic balances that jeopardize the payment capacity of borrowers.

This risk is measured by net credit losses.

Among the internal factors we can list the following:

Loan volume: the higher loan volume, the greater the losses for them.

Credit policies: the more aggressive credit policy, the higher the credit risk.

Mix of credit: there is much more concentrated lending by companies or sectors, the greater the risk you are assuming. Therefore it has been determined that only 20% of the assets of a financial institution can lend itself to an economic group or person or entity, in order to safeguard the health of banks and financial institutions.

Geographic concentration: economic, number of debtors, economic groups and each group shares: therefore there is no doubt that any kind of portfolio concentration increases the risk of a financial institution.

Risk management can be addressed in a mass or adopting qualitative criteria. The mass management is possible when there are thousands or millions of customers, meeting the client individually considered too short or lacking in value, that is, management is undertaken from a process of numbness and detachment, objectively and applying the law of large numbers, the number is above the individual. On the contrary, the quality management, which has a more personal and individualized, taking into consideration the individual versus the number, it is feasible in companies with fewer customers.

But problems do not end here. As companies in their quest for growth through innovation and increased productivity are able to grow, but the process left in the way companies less innovative, less competitive, with products and services more expensive and of lowerquality that the winning company. The company, the winner, out of the market to the company losing. This process has the name of the process of creative destruction, the new company creates a new process or system and destroys another company. As investors, we will not only be analyzed when there are positive economic cycles, but also in this series the winners of this process of creative destruction.

The same can be applied to real estate investment. First, the cycles have much influence on the real estate cycle. That is, when the economic cycle is positive, the real estate cycle is very positive and vice versa. Therefore, it is vitally important to predict the cycles when it comes to predicting the real estate cycles. Second, the process of creative destruction also occurs in real estate investment. The most innovative and creative investors move to more rustic investors. Let’s see an example to better understand this point. Five years ago began construction in Buenos Aires buildings with what was called amenities, this meant buildings with very interesting additional services such as gyms, sauna, cinema, swimming pool and many more services. These buildings, through which differed from the rest might have a selling price much higher than other buildings.Therefore, were the winners of the process of creative destruction and buildings with no amenities were the losers in the process of creative destruction.

Therefore, the key decision-making process in a capitalist economy:

Detect trends and take advantage of the cycles (economic, stock market, real estate) and within the trend to detect the winners of the process of creative destruction

If we as investors we perform these activities successfully managed to multiply our money in a sustained manner. Of course, it is very easy to say and very difficult. Large global investors have full teams of economists trying to predict these two variables. Ever been achieved and others less so. But this does not mean we have downplay these two facts.

Often simply knowing the rules of the game allows me to make investment decisions much more efficient with our savings.