Financial Safety Advice

Let us see some features that should be a source of alternative income to live with a formal employment dynamics:

- Must be legal and transparent (I do not want to waste time on business investment or dark)

- Must be easy to understand (“I want to do something that requires great expertise and long hours of study)

- Must be easy to implement (“I work hard and I can not waste time”)

- Must start making money quickly (“I can not afford to wait years”)

- Must be cheap (“I have a lot of money to invest)

Once we have made clear how it should be that source of income, here are some tips to keep in mind when planning and implementing them:

1. Plan, calculate and consider all options. You must invest some time to think about what activities can be performed, preferably compatible with the main source of income.

2. Start slowly. The good thing is that alternative sources no rush to make more money. The idea is to add, so it is important to reduce anxiety. Read the rest of this entry →

For an employee seeking to increase their income, often, to launch his own enterprise may be the way to go. But this is not easy to do when you can not do without the income insurance that provides a steady job. Learn some ways to avoid getting stuck in this situation

Last month in the note that we devote to the issue of money in IG’s blog comes to salary increases as a very reliable source not to increase income and savings. In this note we will focus on a path that can be a bit more work but definitely more effective.

Remember that what we are looking to generate more revenue while maintaining the level of expenditure in order to generate more savings and thus grow our assets to achieve the safest way.

But how? It is worth pausing to think about and not about magic formulas. Here is how to be these alternative sources of income, give you a few tips for those willing to multiply and concrete examples of businesses that can live with the dynamics of a steady job and stable parallel.

In the Income Tax Regulations sets out the requirements of the formulas indirect payment to entities providing public service workers public transport between their residence and workplace, the so-called ‘check transport. ” These revenues were declared free by the Royal Decree 6 / 2010.

An adjustment to the tax regulation changes introduced in the investment tax credit for residence in the draft Budget Act of 2011.

From 1 January 2011 the deduction disappears for those income exceeding 24,000 euros per year.

In the income tax regulations defining the new scale of deductions to be applicable to recipients of income from work from January 1, 2011, establishing the maximum rate of 45% retention after the Government has increased tax for higher incomes.

The government has introduced in the draft Budget Act of 2011 increased 44% marginal income tax rate to which taxable income exceeding EUR 120,000 per year, one more point now, and has increased two points to 45%, the marginal income exceeding € 175,000 from January 1, 2011.

The new regulation introduces the withholding income tax investment income earned in the operations of capital reduction and distribution of bonus issues made by the Sicav, always involving distribution of benefits as a result of new tax treatment included in the Budget Bill 2011. Read the rest of this entry →

Wealth is not the same as income. If one does a very good income each year and spends it all, you are not becoming richer. You are simply living a high standard of living. Wealth is what you accumulate, not what you spend.

MYTH ONE: INCOME vs. WEALTH. Therefore, to demystify first aspect of the rich is the bond that is usually done between income and wealth. They are two completely different concepts and it is very important that we see it that way.

How did the millionaires to become rich? Probably be thinking that the main source of wealth is the heritage or family tradition. But most of these millionaires are not descendants of Rockefeller. Over 80% of millionaires are ordinary people who accumulated wealth in one generation.

They did a slow, steady, without signing a multimillion-dollar contract with a football team or a record company without winning the lottery without actually becoming a character from the likes Madonna.

MYTH 2: THE 80% of millionaires are first-generation. Wealth is, in most cases, the result of a lifestyle that includes hard work, perseverance, planning and, more importantly, self-discipline. Read the rest of this entry →

The debts are stressful, remove power, can lower morale and erode people, just get rid of debts psychology has its reward is the peace of mind, knowing that you can live with your own income without having an outstanding obligation is unfortunately a feeling that many do not is time.

Many people do not plan to pay debts, usually the people what they do is spend a lifetime accumulating and creating a new debt to complete a previous one, to do this many people forget the amount of any costs or coming at a time of year (such as taxes and diseases) which must be filled, when spending is strong, the best thing to do is plan your payment for example if each November taxes paid 1,100 euros then the ideal is not to seek Euro 1100 when nearly every year in November but plan to save 100 euros per month from January until paid the amount, the same planning should be used for various expenses mainly heavy expenses that require larger sums of money hard to come shortly .

They tell me that before was not normal debt, people save to buy what he wanted and so bought and appreciated what it had cost, however today people buy things without value and ends in debt, even bankruptcy says families in fashion, to ultimately think everyone should live only with their own income, there are options such as reunification of debts.