Financial Safety Advice

Bypassing the natural euphoria of last week of December and the new year, life begins to return to normal. Gradually we all go back to our daily activities, but with the feeling that things will be better this year, as often happens on these dates. The problem is when time passes and we realize that we did nothing to ensure that things improve.

One aspect where we most hope is in improving our financial situation. We want the future bring more income or some kind of solution to our financial problems, without thinking that in reality it is something that will get as a result of ordering our personal finances. Therefore, I think we’d better use of our energy defining some concrete actions for 2011, instead of waiting for the improvements we fall from the sky. We will not see immediate results, but the consequences are likely to be better than we might expect.

To follow the pattern of New Year’s resolutions, usually into fashion at this time, I share with you some strategies that could help them take those first steps:

1. Take control of your finances. Do not let the target run them. Sit down, review your situation and devote a couple of hours a month to see how you evolve.

2. Prepare your financial plan. It’s easy and useful. But this is revealing and inspiring. Plan your personal budget and Riget for him.

3. Set clear and specific financial goals. Want to save 10% of your monthly income? Want to put S/.100 month in a savings account? Want to buy a car? No matter the lens or the size of it, what matters is to have clear and in writing. That will be a constant motivator and help you focus and realize your efforts. 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 →

financial freedom in most cases is based on the lack of money. And is that the frequent shortage of money is not based on how much money you have or gained, but in how it is administered.

The mismanagement of money in the family core course brings financial problems and in turn, this leads to bad decisions admininistracion financial monumental wrong to the point that many families prefer to go bankrupt, when in reality things should not be so. In this article we will see some of the ways to successfully manage money:

You probably already know that managing your money is a good idea, but you may also think that if you get to pay your Read the rest of this entry →

Financial intelligence can be defined as the “ability to solve or avoid financial problems financial intelligence has much to do with the psychology of the individual, self-control and self-taught and that financial education is now a new issue that has appeared and has not been integrated into schools in many parts of the world.

Complementing the concept a little financial intelligence should be considered that intelligence itself is defined as a “set of skills used to solve problems and find distinctions, differences and similarities” to which eventually end up with a more comprehensive concept financial intelligence would be “a set of skills used to solve financial problems and may enter in this capacity to increase income or reduce personal expenditures.

In financial intelligence includes skills such as marketing staff, sales, the power to make friends and influence the strategy although some of these skills can be classified within the “social intelligence” as they become relevant as auxiliary financial intelligence.

In his book Child Rico, Smart Kid, Robert Kiyosaky the author notes that her wealthy father Financial ratio defined as where both your money work for you if your money works hard for you then you have a high financial ratio, if your money is not work hard for you then you have no financial intensive.

Fow quadrant of money shows that money flows where it is most closely the self-employed or business owners and investors.