Belcanto Business Studio

Archive for September, 2010

I was talking with a colleague about financial education and exposed me a point that made me see the savings and financial prosperity in a different way. I want to clarify before starting this discussion does not change my way of looking at finances, but it made me think a bit more on my income on my savings. “The key to financial success is not the sacrifice and focus on savings, but to make more money.” Saving is very important for financial growth but it should not take precedence over finding ways on how to make more money. If a person sacrifices too much resources to save and yet earn a salary below the average, this did not come to meet your financial goals.

Dedicate to find ways to produce more. Compulsory saving is not good, so the saying that everything in excess is harmful. If you can only save enough for your emergencies without this being an immense sacrifice in your lifestyle, you should focus on getting the other part of your savings (your goals) to win more money. Find ways (not illegal) working in your field and to generate more income. There are many ways how to do this: Looking for a promotion, switching to another company that offers more, continue your education, make your hobby a way to produce more income, etc. In the next post also try to talk some more about job growth and how this affects your finances.

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The most important items on my page right now are those who talk about what would happen to the money you have in the bank if the bankruptcy and the same with the mortgage or obligations to these banks. A simple answer to this is chelates most times your money is insured and that your debts will remain the same because these are assets (assets) of the bank when you sell. You can view the articles about the parent links to the right to “Most Visited”. It is important that, although cautiously, keep all your savings in the market at the same time your investments for retirement.

One of the ways in which you can help more for this economy can be stabilized is to leave your savings in the bank. My advice is to not worry about the money you have in a deposit account (savings or checking account) and that this money is insured. Your money is vital for banks to help other businesses and households more purchasing power and keep the flow of money.

New York Times also published an article that talks about saving for retirement through investment. This talks about the chances that people who are investing for retirement (bone, did not need this money in the next 20 years) may be affected by removing these savings since this is the time to buy a relatively inexpensive and exit later when the stock market afloat. If your investments are primarily for retirement, you could keep them there as it is almost impossible that this crisis lasts so long and historically the value of investment funds increased over the years but have moments of loss.

This article explains how there is no simple answer to the fact that we do not manage money better: Do not know how. Here are tips from the article with my notes in this regard.

1. Leaving everything for later.
In finance, like everything else, time is money. The more Dures to organize your finances, you’ve lost more time to accumulate wealth. Among the examples given to be able to get ahead are: Start investing early for your long-term goals, budgeting to help you control your expenses, establish an emergency fund and not fall into the temptation of debt.

2. Diversify your investments.
Do not expect to have a greater wealth to diversify your investments. By investing in various initiatives (the bag, the business of a friend, your own business) have the ability to avoid greater losses and preserve your wealth.

3. Pay more taxes than necessary.
any people are unaware that there are ways you can save your money for long-term plans at the same time to avoid some taxes Uncle Sam. If you contribute to retirement plans, either individually (IRA, Roth IRA) or through the employer (401k, 403b) these will help you reduce your income tax. Also you can do to participate in the profits of labor l (transportation or medical) and to contribute to the fund “College Savings 529″ for the education of your children.

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What the fate of mortgages (and thus homes) if the company which offered the loan bankruptcy. In a perfect world, since the company went bankrupt, our debt should be waived, but unfortunately this is not true. As this loan is an article of the company that makes money (when you make your payments) that will be sold as part of the assets (accounts receivable) of the company, whether you purchase another institution or if the central bank (FDIC States States) took charge of the company.

At the same time the mortgage conditions (time, interest rate, etc.) Would remain the same, unless you decide to refinance for a better rate. This transition will most likely also accompanied by up to 60 day extension for making payments and everything is back in order. Bone, if a lack of communication you send your payment a few days later not charge late fees (late payment fee.)

The most important thing to consider is to whom you send your payment. Make sure your payment is made to the appropriate institution and not a fraudulent site. If you can call customer service with them and make sure that the information received by mail is correctly could help you not spend a few headaches trying to get your bank will return the money.

Often we are interested in obtaining a credit card without changing either because the bank offered to us by our bank charges many fees, either because the credit card from our bank offers a credit limit too low.

We all know how important it is to sometimes have a long history with our bank. This will enable us to always have better benefits, enjoy a low interest mortgage, which we wish to grant a loan, etc.. So, if we continue with our bank but we are looking entity that can provide a credit card without obliging us to leave our bank, then I leave some issuers of credit cards with this feature:

Get your credit card but without changing the bank:
Mastercard Credit Card: Get It is not very easy to say, that no mistake. We must demonstrate creditworthiness to qualify to be card. However, it is one of the best I know.

Avant Card Visa Gold Card: In their advantage, in part to not require any change of bank, highlights its guarantee of 100 days for items bought with it, against theft or accidental damage. It is also a free credit card without annual fee mantemiento. And last but not least, you can pay at the end of the month with up to 56 days without interest.

Carrefour Visa Card Pass: Free the first year and the following, with discount Carrefour Hypermarkets and gas stations with accident insurance, and above all without switching banks.

VIPS Club Visa card (from restaurants VIPS): Share of emission free if used for more than 300 per year annual maintenance fees also goes free. They give you 1% of all your purchases in cash VIPS to eat and shop for free in the VIPS. Important: without switching banks.

A consumer credit is a form of credit from a bank that aims to fund a specific need of the customer, regardless of their business or professional. This type of credit is targeted for those who find the need to meet a payment is not very high and they can not meet at the time, such as a journey, a car, an investment opportunity …

It is characterized by a short time, typically between one and five years, a borrowed capital is not very high, ranging from 3005.06 to 30050.60 euros and an interest rate (apart from the particular negotiating with the bank) rather tall, between 6 and 10% APR, so that the bank is profitable to lend out some money in the short term. Payments are usually quite flexible.

When applying for a personal loan, it should take into account several aspects:
* Before applying, and to save time, review the personal credit history, so know in advance if you’re going to grant or not.
* Is recommended to seek other options with lower interest rates, as it usually high for the exit profitable bank will provide some short-term money Sometimes, if the need for money is the very short term, cards offer credit to lower interest personal loans
* It is important to find out if the loan is fixed or variable.

FAQ:
1 .- Are there different types of consumer credit?
Consumer credit can be fixed or variable rate. If the rate is variable the amount of the loan usually has a limit.

2 .- What is consumer credit demand?
To meet any costs from the purchase of a car or computer, to a trip, an investment opportunity …

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Wondering if it was possible to obtain low-interest loans? Yes, you can get. It is what they call “social credit“, ie interest-free loans with no fees (or ultra-low interest). If you are interested in the topic, read on.

What is Social Credit?:
Claims that banks are given to people with special needs, for example lone parents, people separated or older, and so on. These groups can ask their social credit bank over which he will pay no commission, but a very low interest (and sometimes a 0% interest).

The amount of social lending:
Usually tends to have a limit of 18,000 euros to return within 5 to 10 years. Some agencies require that you have contracted other products and services in parallel (to have your salary paid, life insurance, mortgage, or any other banking product).

If you want more information it is best that you get in touch with your main bank and ask questions, ask them about it.

Do you have a passion for flowers? Does it have to see and smell the fresh herbs from your kitchen? Have you thought about growing your favorite plants in a greenhouse? If you answered yes to any of these questions … Why not start a business based on your passion?

Many businesses have started based on a hobby such as photography, crafts o. .. the cultivation of a garden.
If the latter is your passion, next to consider is whether you can turn that passion into a lucrative business.

In principle, should consider to whom they could sell their produce, plants which are most in demand at present, there is a market for your product, what equipment will be needed for production, what it will cost and what are the local regulations regarding e-commerce.

In deciding what to plant, you must perform before some studies. Gardening magazines are good for finding out what consumers are looking for now and what the trends in the future.

Then take a look at your yard. What would you like to raise? Read decorating magazines to find out what are the trends for women to decorate their homes. Ask your friends what their favorite plants, or stroll through a suburban area to see what is used on the facades of the houses.

The most popular plants are often those that grow throughout the year, because even flourish only in a certain season, are still looking good for twelve months. In fact, a favorite among gardeners. But given that today most people are very aware of the importance of natural remedies for health care, may also be grown herbs. Once you have an idea of what to grow, you should consider your potential customers.

Who is going to sell their produce? Is there a market for it?
To begin, examine the calendars of local schools. All have public holidays and public holidays, which can be very good to sell ornamental plants. The same goes for restaurants, for special dates, like the Mother’s Day, and with clubs and other community institutions.

Moreover, these places may be very interested in buying organic crops, fresh-produced without pesticides in your garden. Tomatoes, lettuce, cucumbers and other vegetables and organic vegetables can be very demanding on health food restaurants or in people who are inclined to natural food. If you are fortunate that one of the rooms in your house into a corner, could assemble a small booth in the village all weekend, and to sell their plants. To do this, check it is not violating any city ordinance.

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Whether at work, at parties or on trips, always help the personal success of a man dressed appropriately. Here, we present some suggestions for doing

Let’s start at the top: the hair must be short and very clean, the style of Michael Douglas playing Gordon Gekko in Wall Street. Thus, greater security, and will feel more self-control. These rules also apply for the facial hair, especially the whiskers. If you would like to use gel on, but think for a few minutes if you really fit, and from any point of view is put a large amount.

The suit must be as conservative as possible with a traditional, smooth, and a dark color, like the dull gray or blue, but never scratches. Avoid brown, green, or very light, unless your girlfriend or most of their “friends” have seen the game and have given the green light. Try not to use, along with its suit, no jacket.

The shirt should fit well and have unbuttoned the top button (if worn without a tie). The blue shirts, white and light are often the best made, since the low quality have dark colors to hide the seam failures. And if you want other colors, only buy those made with top quality cotton. The polo ponies are in the fields of Argentina, not in his chest. In consulting firms, are often used white shirts, but not in banking.

Ties are only recommended for very formal occasions. In that case, the better the striped silk or small drawings (the red or brown are too conservative). Those who carry cartoons cartoons or drawings may be good for the holidays or anniversaries, but not for a job interview.

A neatly folded handkerchief in the pocket of your chest may feel good, but only for very special occasions, like parties a lot level or important business meetings. If you are buying shooters, make sure your pants are designed for buckling. However, this accessory is a bit old fashioned, unless you’re English and can speak with an accent phlegmatic …

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Given the difficult task of communicating a layoff, the companies resort to practices which, far from working with the difficult time, further complicating the situation. In this note we propose better ways to manage layoffs

Outplacement and redundancy management
There is little that has been systematized on how to report a dismissal of staff. It is common for companies to communicate the dismissal on grounds such as “staff restructuring” or “lower costs”, when a replacement will be hired shortly thereafter.

Also, it is striking how companies communicate the decision through the area of HR, and who does it merely conveys the decision, claiming that “it is a decision that comes from above”, impersonal treatment with the employee.

Just as these errors. there are other business practices that harm their image among employees and then bring them consequences that are difficult to value, both in economic terms as “brand.”

An employee who left with a bitter taste is probably more harmful than an unhappy customer, because in addition to speaking ill of the company, have more credibility by knowing “from within.”

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