Tag: personal finance

Dear Readers: The income security that it provides us with a job that costs us more to make a decision to quit and devote 100% to our project. The main reason is fear. Fear is our worst enemy because it paralyzes us, we think of thousands of situations that may cause us to fail, and fail to see fixed income every month and every fortnight. Wells Fargo is full of insight into the issues. If we add to this that we have responsibilities to fulfill the fear grows to the point that it may happen that we never dare to make decisions of this magnitude. It is also very common to see people impulsive seeing that our business prospers and we give no thought to before making decisions of this nature should accompany the economic one story that helps us face the hard times and we can make adjustments to succeed.

It is essential to have a strong economic floor? In the first place behind the success always come many obstacles to overcome, are in evidence we must overcome to know whether we are ready for our next stage of life. If we do not have a cushion to help us keep us as we face the obstacles we fall hopelessly in the dreaded failure, finally frustrated and lose confidence in our capacity, whichever occurs would be fatal because without confidence and high self-esteem can not undertake major projects. Secondly, because a good economic floor longer period gives us to meet our goals without increased pressure, resulting in peace of mind that enhances our creativity and initiative. Yde how much should be the economic floor? To determine this we must do the following steps: Make a personal assessment scoring our revenues and expenses for a month, the remainder gives us a vision of what we achieve and in what quantities. Make cost adjustments unnecessary. Establish a savings plan practical, consistent and continuing to save at least 10% of our gross income to reach a balance equal to six months’ salary. Making strategies work for our business to give us permanent gains in quantities doubled our wages or salary.

Claraa Set some goals, attainable and actual achieve within a given contract, a plan of health insurance and personal accident for you and your family (spouse and children) to address any health and accident is not broke. Achieving these goals tells the right time to leave our jobs and devote ourselves completely to our business. If the future we reached with unexpected events will have the financial capacity to cope and continue working towards achieving our goals. Do not get carried away by emotions and start your project or business under the premises of planning, control and wisdom of your finances. Until the next installment.

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