Here we present a compilation of the best investment advice:

Trained
Before investing the money that probably cost us much time and effort to get and save, and go into an area that probably will not know it well, we need to be capable of either in the field of finance.

This does not mean we have to become experts or get a degree in finance, but simply must become familiar with financial concepts, especially those related to the issue of investment, such as profitability, risk management, diversification, etc.

We must also inform and also familiar with several of the instruments, vehicles or existing investment alternatives, such as business, equities, real estate, investment funds, etc.

Specialize
A good investment advice is to choose an investment area in which we begin to venture and seek to know the background to become experts or specialists in it.

For example, we could start to invest and specialize in the field of business (and in business, any business) in the stock market in the real estate, investment funds, etc.

And after us with expertise in a particular area of investment, and have had some success in it, just starting to dabble in other areas.

The benefits of applying this loan are that you do your bi-weekly automatic payments, variable interest rate is fixed at the time of having the money, procedures very simple, revolving credit once you pay, free secure release on death.

The period is 36 months, you can get up to 8 months of salary or $ 80,000 depending on ability to pay.

If you have credit references can be obtained up to 10 months’ salary or 350,000, depending on ability to pay.

The least they provide are $ 2,000

To hire is necessary to go to a branch of Banamex and cover:
Be between 18 and 79, to receive your payments through payroll or Executive Profile Banamex, 2000 gross monthly minimum, have a minimum of 3 months old in your current job, official identification, proof of income.

It consists of borrowing short-term (usually 1 month) but with high interest rates.

I’m going to tell a story with a moral, that ye aware of such loans. It is not gold that glitters.

Rosa was a divorced mother with three children, working hard to make ends meet and receive only occasional financial support from her ex-husband for alimetation of children, clothing, and for the house. Most of the months spent quite a hurry and the rest of the months spent quite desperate. Rosa decided to request a personal loan to try to curb its debt, unfortunately two banks did not grant the loan because of their low income. One day, seeking a remedy to avoid penalty, decided to acquire a payday loan. That decision is totally ruined.

The payday loans are not always a disaster, but if a person requesting the loan is well guarded backs can pass it seriously wrong. In the case of Rosa, he intended to pay the 1,000 euros that requested but due to despair, did not notice before ordering a number of considerations:

He did not notice that he would charge 25 euros per week in 1000 he requested. Thus, at the end of the loan was EUR 1250.

Rosa extended his loan for another 14 days, so that your loan was made since 1500, and the ball grew and grew.

When he realized he could not afford it notified the company, and she replied that either paid or would take legal action. Rose issued a check for 500 euros, 1,000 fewer than it should.

Today’s economy is in tatters Rosa, rather does not exist, the company that granted the loan harassing her every day. At the end pact with the company that the debt would remain at 750 euros, money that left her ex-husband, although she remains in the red.

Moral: Before you get into a payday loan (Payday) make sure you have their backs well covered

The debts are a problem that afflicts many people today, this mainly due to that each time there are more companies that provide consumer credit, because every time there are greater opportunities to access these loans.

Some debts may be necessary such as debts incurred to buy a home or an investment, but other debts, including debts incurred for personal loans do nothing prevent people to grow financially.

If you currently have a high level of debt and want to remedy your situation, or simply want to reduce your debts and liquidate as soon as possible, then we present a method consisting of eight steps that will allow you to leave your debts:

1. Knowing your debts
The first step is to inform you good on the debts you have now.

This requires you to make a list where signs who your creditors (to whom you owe), how much pay you lack (the balance of debts), what are the costs of each debt (the interest rate they charge) the minimum payment that you require and the date on which you make payments.

This list, in the first instance, will give you an idea of the total amount that you (the sum of all your debts), your plan will pay your debts, and will serve as motivation to get out of them and planned to meet .

2. Stop buying more debt
The next step is to stop continuing to buy more debt.

If you come out of the hole in you, you should certainly keep digging, if you leave the problem of your debts, you should certainly continue to acquire.

Therefore, you must stop using credit cards, stop requesting more loans or personal loans or consumer, and stop buying on credit.

You get into the habit of buying in cash, and if you can not buy something in cash, you just do not buy it.

3. Search biggest moneymakers
The next step is to seek higher revenues from money to help you pay your debts.

To do this, you could find a higher ground, look for a better Empel, increase sales of your business, or find new sources of income, etc..

You could also find some extra money, for example, to do some extra work, or sell some asset you own.

Another alternative might be to ask a family loan, a loan to your company or a bank loan where you charge a lower interest rate than the rate of interest that you pay your debts, for example, a loan on the value of your property.

4. Reduce costs
May seek higher money income will be a difficult task in the short term, but something that is very likely that it can do is reduce your spending.

To reduce your expenses you should always look for ways to spend less, avoid unnecessary costs, and consume less.

For example, you could try buying some used items instead of new ones, eat more often at home, always look for deals or discounts or prices to compare before buying something, consume less power and energy, etc..

One way to help reduce and control your costs is by creating a personal budget.

5. Debt Negotiation
The next step is to negotiate your debts with your creditors.

To do this, you should contact your creditors, be honest with them, explain your situation, and seek a favorable settlement that allows you to reduce your debt or pay out more facilities.

After negotiating with them, you may be surprised by the facilities that many of them will give you either a reduced interest rate, a reduction in monthly payments (for example, by extending the term of the debt) elimination of surcharges, a freeze in payments, and even a decrease in debt (for example, to pay part cash).

6. Consolidating debts
An optional step in case you have several debts is to consolidate them.

Debt consolidation consists of being grouped all personal debts (credit card balances, consumer loans, etc.) Into one.

By consolidating your debt, they not only simplify your debt payments (as they would only have one monthly payment), but allows you to achieve lower monthly payments (because you can extend the term of debt) and above all, reduce your debt (as it allows you a lower interest rate to interest rates your other debts).

To consolidate your debts, you should approach the bank and ask for a debt consolidation loan, a credit card company and request to consolidate all your credit cards into one, or any financial institution that offers this service.

7. Determine an amount for payment of debts
The next step is to determine the amount of money with which you can pay your debts.

This amount should be sufficient to cover the minimum payment on your debts, but must also allow additional payments that allow you to cancel your debts as soon as possible.

To determine this amount, you should also guide you on a personal budget, for example, you could determine that this amount is comprised of the difference between your income and monthly expenses (monthly balance), or determine that corresponds to a percentage of your total income For example, 10%.

If after doing your budget, you are unable to obtain an amount to cover the minimum payments on your debts, or you will not be enough to accelerate the cancellation of these, you should seek biggest moneymakers, or seek further reduce your expenses.

One tip is that if your debt level is very high, not for all of your monthly balance to pay your debts, but also devote part to the creation of a stock savings that can be used in emergencies or for future investment .

The reason is that if you spend your entire monthly balance to pay your debts, with the idea of just start saving after you’ve paid all your debts, you will probably be several years before you start saving for the future ( which is counterproductive), and probably soon get discouraged and never get the savings.

However, if you pay your debts, while saving money, you will feel you are making progress financially.

8. Paying off debt
Once you’ve determined the amount to be used to pay your debts, the next and last step out of your debts is to start to pay them.

With the amount you intended to pay your debts, you must pay the minimum amounts (to prevent the berries), and the remaining money (which should be the highest possible), go canceling your debts, starting from those have the highest cost, namely those with the highest interest rate.

Although an alternative is to start by canceling the debts you pay less for missing, ie those with a lower balance, so you can quickly get rid of small debts, and thus feel a greater motivation for the cancellation of other .

1. Meet our financial situation
The first thing to do is know our financial position to do so we can make a personal assessment, point out where our assets (bank accounts, investments, property, etc.), Our liabilities and debts (credit cards, personal loans, mortgage, etc.), and our assets (assets minus liabilities).

And we can also develop a personal income statement, point out where our earnings (wages, interest, sales, etc.), Our expenses (rent, food, services, etc..), And profit or loss (revenues minus expenses) obtained in a period of time (one month, six months, one year, etc.)..

2. Establish financial goals
Once we balance our personal and our personal income statement, we turn to analyze and, based on that analysis, set our financial goals.

For example, in our analysis could determine that we need to increase our revenue sources, reduce our costs, reduce our debt, to acquire more investment, etc..

As our goals could be, for example, increase our revenues 50% for next year, reduce our costs by about 30% for the next month, to cancel our debts at 60% before year’s end, purchase a property as an investment before the end of the year, etc.

We must ensure that our targets are specific (for example, have an income of 5000 per month for the next year) so that they are clear and measurable but it is also possible to establish general objectives (eg safety or achieve financial freedom.)

3. Develop action plan
The next step is to develop an action plan, which states the strategies or actions that we take to achieve our financial goals.

For example, to increase our revenues could take the decision to seek an increase in soil, seek new employment, increase sales in our business, find new sources of income, etc.

To reduce our expenses could make the decision to cancel subscriptions to journals that do not usually read, stop buying coffee or cigarettes, eating at home instead of eating out, etc.

To pay our debts could decide to cut our credit cards, consolidate all our debts, to allocate a certain percentage of our revenues for the cancellation of our debts, etc.

4. Develop and follow personal budget
Once developed our action plan, we began to develop our personal budget, which will help us to make effective our action plan.

Noted in our personal budget money income (wages, business, investment, etc..) Cash expenditures (food, education, services, etc..), And the balance (revenue minus expenses) that we expect for the coming months year, based on our financial objectives and our plan of action.

And finally, once developed our personal budget, we have to adjust to it, knowing that the more discipline we have to follow, the better chance we have to improve our personal finances.