Kids and Investing

Formulate a Family Investment Plan

Before planning expenses, Dad and Mom, as part of our newly Formulated Family Investment Plan, had to each separate 20 percent of their own income and write them down under Retirement fund. This way they will pay themselves first.

How to Choose an Insurance Company

When evaluating how to Choose an Insurance Company, it is convenient to make sure that the insurance company:

-          Is reliable

-          Has an excellent financial backup

-          Is consistent between what if offers and what it provides

-          Extends constant training and updating to its staff and agents

Choose an Investment Professional

Choose the appropriate investment professional according to your needs and make sure it is the best.

Be consistent. Find a balance between thinking, feeling and acting. If you wish to be financially independent and do nothing about it because you are convinced that you will never achieve it, you are right. But if you wish for it, believe it, save and invest, you will get there. Remember this is not a trial system; you are the one on trial.

Family Member Investment Plan

Every person has his or her goals. Therefore, in a family each member needs to have their own investment plans. It is not enough that the father has insurance. There is a product for every specific need, don’t expect a single insurance to cover all your expectations and your family’s.

My Relationship with Money

Review your relationship with money.

- Form a habit out of saving for you and your children.

- Remember that the first person you have to pay is yourself and do it even if it means you have to go without a few things you would like to have and are not essential.

- Grant compound interest and time their due importance by beginning your savings as soon as possible and investing it safely in order to gain greater benefits.

What Happened to My Money

Do you wany to know What Happened to My Money? Well!, when we started working Mr. Smith had already retired, but he never stopped giving us advice and opinion about our goals in savings and investments. He had pointed out that every career has a productive stage that needs to be seized in order to gather an amount that enables us to enjoy our current lifestyle in the present as well as in the future.

Women and Insurance

Some prospects say: “I will take it up to my wife”, which is very nice and appropriate, since a couple is supposed to be a team and they should both participate in decisions to balance things. However, it’s incredible that some women are opposed to purchasing insurance and prioritize other expenses, such as getting a newer car, shopping for new furniture, taking a trip or any other unnecessary thing. They should be the ones asking for insurance as a condition before getting married, based on the past.

- What past events do you mean? – I asked.

Layaway and Store Credit Card VS Putting away Money in Savings

People sometimes use Layaway or credits not only for programmed shopping, but to store a product on sale or at reduced price, but as months go by, if they don’t pay in full, the interest charged is so high that those sales and discounts become more expensive than if they only purchased the essentials at regular price.

How Accidents can affect Finances

We know that many people are involved in accidents or become incapacitated, and this changes their life suddenly, unexpectedly and drastically. Or they die. Or, most commonly, they reach an old age. People are not aware of them, especially successful young people that during that time substitute an older person at their jobs.

Compulsive Shopper can't Save and Put Away Money

“You have probably heard the expression ‘he’s a compulsive shopper’, and I think that you have never heard ‘he’s a compulsive saver’. Compulsive shoppers will raise their children to be compulsive shopper and sometimes, worse than they are. I try to teach everyone we know our little secret, and I can mention two specific cases.