Improve Your Financial Health

Money, seen holistically, is a means to do or achieve things, or a kind of energy source; and has 3 steps:

1. How to win?
2. How to keep it or save?
3. How to invest or multiply?

We analyze each one:

1. How to win, it is referred to our sources or channels of obtaining money, and the ability we have to generate greater revenues in time. To diversify our sources of income is essential, here is also fundamental to empowerment and productivity, that we are value-added people for the market and society, also know how to monetize our skills, knowledge and skills through time.
2. How to save or retain, it is referred to the financial and expenditure habits. Once earned or due to money, we need healthy savings habits, to avoid spending and dilapidating all income received, if we have no control over the egresos with a frugal or moderate life, no amount of money we earn will be enough.The idea is to use a budget and be able to save or retain at least 10 to 20% of all the money that passes through our hands.
3. How to invest and multiply capital, is the final stage of the process. Inflation erodes the purchasing power of the money saved in the Bank, therefore, we must go to the third stage which is the increase of our wealth through the investment process.It has to do with an appropriate and diverse way we have to invest, managing the income ratio – asset risk, that the portfolio we have is attached to our financial goals, goals and risk profile.

Something fundamental in market investments is to advise us, and the discipline we have to invest in the long term, reinvest the gains to increase the incomes and capitalization of our capital, for greater results and patrimonial growth in time.

Evidence in your personal finances!!!