Pay your debts

Not only is the debt paid a guaranteed rate of return is one of the highest rates see profitability. Look at interest rates that are currently paying on the cards credit, auto loans, home loans and mortgages, and compare with rates of return are likely to see in other investments. In addition, leaving the debt will help shore up its financial position if they suffer job loss or other effects of the bad economy.

There are tons of ways you can reduce your expenses. If you are concerned for their financial well-being, it is absolutely necessary to reduce expenses. If your situation is safe and financial market housing or other real estate may now be the time to buy. House prices have fallen significantly in many parts of the country so if you are a qualified buyer, you may be in a great position to reach an agreement.

THE STOCK MARKET

Similarly, it could be a good time to take some bargains in the market values. You know the old saying: buy low, sell high. Jump when everyone else are jumping could be a smart move.

A report by the Institute for Social Development Argentina (IDEAS) reveals that in 2011, 40% of the proceeds will go to pay taxes.

This situation would occur, according to the analysis of IDEAS, because, once again underestimated the budget “grossly” the projection of the Consumer Price Index (8.9% per year), which can generate a mass of surplus resources, which “handled his discretion” and makes it grow tax over income growth.

High

This is a relatively high level within the international context and higher than countries that share certain characteristics with Argentina. For example, according to OECD data, Australia’s tax burden measured in terms of GDP is about 30.8%, 32.2% in Canada and New Zealand 34.5%. Are countries, like Argentina, the activities associated with the exploitation of natural resources and agro-industry play an important role in the economy.

Additionally, according to the Budget Law, the Federal Administration of Public Revenue (AFIP) plans to raise next year $ 492,178.6 million, equivalent to 30.42% of gross domestic product (GDP).

Therefore, the 2011 tax burden increase by almost two percentage points to the magnitude (28.85%) expected this year.

Tax revenues will be supported by the Income Tax ($ 89,939.5 million), Value Added Tax ($ 136,588.3 million), export duties ($ 52,227.2 million), the check tax ($ 31,786.8 million) and contributions and social security contributions ($ 123,447,000).

As a first step, we avoid falling into debt of great value. If it is small, with care and caution, we can sustain. But if the debt amounts to large sums, we can lose control if the crisis back to gain greater value. Without debt, money and investment could lead to greater freedom.

It will be essential, too, keeping accounts on a monthly basis and to detect if a period is spending more than it earns. If this happens, we could be in trouble. The solution? Itemize monthly-weekly if possible, personal accounts and family to check that whenever revenues exceed the expenditures.

Finally, it is very important to stay informed of what is happening around you, in the country and the world. Stay informed and understand that the economy and finances are not only expert tasks, will help you better manage our own accounts.

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.

Only with the certified copy of valid passport to open bank account is achieved in certain financial organizations. Unlike the situation for commercial bank accounts, because banks may also require registration and other details for the company. They even offer the ability to make cash withdrawals or money transfers through bank accounts located in another country. Immigrants may also check the availability of savings so directly online or by phone. Deposits to use instant bank account opening must be a verifiable and legitimate source. For this it is recommended that transfers money from another bank account are accepted even the country of origin. Some legal immigrants credit cards retain their countries of origin and currently used, but in some sites do not allow them to pay with their cards on the ground that are not international.

Many banking houses consular fees apply for countries of origin and that is enough to open bank account. Not so with a credit card, given that this will require a credit record. The breakdown by millions of undocumented persons who hold bank accounts and are not affected in their immigration status. An individual without documentation can open bank account and in turn it is advisable to do so because you’ll have greater opportunities to organize their lives in a country unknown to him. It is an essential point to be considered legal to open bank accounts in several European financial houses, you just have to have the government documentation.

For all operations with money is very practical and important to have a savings account. We can reliably protect our monthly income savings, thus offering crucial support for some extra spending which we present in the foreign nation we are.