All we know is not so easy to reach our first million dollars. But that does not mean we will not be able to attain wealth. All things are a matter of time and more if we are young posbilidad to withdraw the rich are much more possible. Now I will write some ideas to achieve financial freedom so desired. 1) No Spending on things that do not need to have the defect Many people spend their savings on products and services that do not need. Even small but repetitive costs can generate the same effect.
But it is important to gain a position in relation to introspect the expenses to get to attain wealth. This does not mean that one can not enjoy life, but rather to exercise restraint. 2) Plans on Retirement Funds Unfortunately retirement plans are things that do not think young people today. Now I will explain why they should be borne in mind: Have a retirement fund means that starting with a certain amount of money you can have a larger amount later in our life. If inviertieramos $ 3,000 from age 23 to 65 with an interest rate of 8% would have $ 985.749.
But if we wait 10 years more and contribute only $ 5,000 per year would have $ 724.749. Higher contributions will not be able to replace the lost time. This strategy is not so that one has a background in which to live when I grow old, but an opportunity to invest in many funds now listed on Wall Street and with great possibility of growth.
If I hurry, I would say that was dedicated to solve problems by generating new problems (even more serious than those who sought to solve). The case already known to all is the issue of withholding mobile alternative chosen by the need to increase revenue. You could say that the deductions mobile agricultural exports have been the straw that broke the camel and unleashed a conflict that has already acquired a historical dimension, not only for the duration, but also by the level of support given to the agricultural sector (clearly shown by the call for about 300,000 people at Sunday’s ceremony.) All this frightened not only to international investors, who were the first to undo their positions in the country, but also to local small investors. So, international investors have been fleeing the country, while local savers, with very fresh memories of the last crisis, sought refuge in the greenback in spite that the combination of a nearly fixed parity with the weight and inflation rate above 20% would be generating a negative return. And here comes the issue of international reserves of the BCRA and why my response to this friend of mine. Although many market commentators harshly criticized for its Central Bank reserves accumulation policy, its owner, Martin Redrado, justified this goal by “the need for anti-crisis fund, in the absence of an international lender” ..
. A phrase repeated until they talked to sleep. Logically, this argument was not valid for the market in a context where the main concern of the Argentine was the subject of inflation, while it was almost unthinkable a crisis this international magnitude. But since early 2007 with the turmoil in Chinese stocks, the market has been tested to Argentina. And the country has been without major difficulties to overcome each of the tests it has had to face.
The Central Bank is resisting the onslaught of the market. This has had to relinquish part of their reserves (over U.S. $ 1,500 million in recent weeks). I have no doubt that the monetary authority will be able to pass this test without problems. Firepower has (just under U.S. $ 49,000 million). But beyond that there is no threat in the short term, this situation should call for the reflection of the government. But for the level of reserves held by the BCRA, the situation today would be totally different. Perhaps, before a sharp rise in the dollar, the financial system had been an attack that would have brought to the brink of collapse. Do not forget that ordinary people still keep the fears of 2001. What is happening in the Argentine financial system and exchange market are red flags … Do be watching the government?
Most people begin to think about investing their hard-earned dollars when they have a few extra. Almost everyone understands the importance of saving: putting away a little bit each day/week/month until a sum has accumulated for some specific purchase or need which was anticipated, like a new bicycle which a child might save for, or a college education that parents will save for their child.
The problem with just storing away a little money periodically is that the modern world is a world of change and a certain amount of unpredictability. Very often inflation will eat away at the value of the money you have saved. For instance, when a child is born we can assume that a fund for college will be used in about 18 years. If a college education costs about five thousand dollars a year for four years, that’s 20 thousand dollars which will be needed. All the parents need to save is about $100 each month to meet this need. But what happens if that same $20,000 education costs more like $100,000 after 18 years have passed? This is exactly what has happened to children who were born 20 years ago today.
The solution to this dilemma would have been for the parents to have invested their money in a fund whose value increased each year, hopefully keeping up with the inflation that caused the college education to rise in price so dramatically. This is the value of investment, and why ordinary people should try to invest their savings whenever possible.