However the phrase popular “the future is already here” is absolutely certain, since it warns that the time elapses so fast that at the end of pronouncing a sentence, it is already part of the past. Never us too young to think and plan our future.

For this reason, it is necessary to plan the financial future from today. Some may wonder what happens if I am no longer so young, if I am already next to the withdrawal, or even since I retired, and not trace my financial plan of life. Do you in this case, no longer worth making a plan? The answer is: it is never too late to plan the future.

Think about the future can be a time stressful or distressing, since no one can predict exactly what is going to happen in any aspect of life. No one knows how many years live, and no one can have absolute certainty about where and with who move the following years of his life. However, the fear to reflect on these issues should not be a reason for round; on the contrary, it must be face to feel safer.

Savings, investment, planning

In order to plan our future, the first thing to do is a budget.

In it, we will make a catalog of our income (fixed and variable) and our expenses (fixed and variable). There we will observe what expenses are those who occupy the highest percentage of our salary or pension and decide what are so important. For example, if we realize that most of what we are winning is used to pay the mortgage of our housing or commercial, this will be a sign of balance, since in a few years finish to pay and we can rest of this expenditure, the time that have won stability and security. If, on the contrary, our higher spending is in things more superficial (depending on the discretion of each who), this will be a warning signal to put attention on how we spend our income.
Once we have either classified revenue and expenditure, can decide what cuts make to start saving. It is important save as much as possible, since the savings is a basic activity in order to finance sound in the present and future.

Save is good for two main reasons:
1) Allows us to have extra money in case of emergencies and
2) Gives us the possibility of invested for more dividends.

The next step, when we have generated a good savings, is to think in investment.
The investment is the mechanism that gives us the possibility of increasing the heritage. It is employing a sum of money, so that it will multiply.

There are many types of investments: there are those who invest in programs or schemes proposed by the banks and other financial institutions, other came directly to the stock market, there are those who chose to buy foreign currency or metals, some others buy land, buildings or durable goods, can also be launched an independent business, acquire a franchise, etcetera.

There is no investment ideal, the best investment for each person, will be the one that goes in accordance with their personal needs and family.

In what is the withdrawal, it is very important to bear in mind this stage of life at any time. It should be informed about the mechanisms, regardless of whether even do not possess a. It is advisable know what Manager of the fund for the withdrawal gives the best yields and becomes the lowest commissions.

It is also very useful to know about mortgage credits for workers. We must have the greatest possible information with regard to investment instruments and possibilities to maximize our heritage, as there is a range quite broad and while better informed we are able to take an appropriate decision.

Therefore, a good financial planning is one that includes a budget controlled and analyzed by their expenditures and income, the discipline in the savings and an investment plan appropriate to their expectations of risk. The goals for each of these factor the set depending on our dreams and goals.

BRUSSELS, Belgium – The European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund already working in the details of the joint operation aimed at restoring the finances of Greece, in which there is only to clear the provision specifies that corresponds to the IMF.

Technicians of the three entities met in Brussels for shaping the elements of the same, together with representatives of the Greek Government, although not transcended details of the meeting.

The main question is related to the amount and the rate of interest on loans, which will provide the organization with headquarters in Washington, after which the Euro zone enter the conditions of its first package of loans.

The European commissioner for Economic and Monetary Affairs, Olli Rehn, indicated to as a guide to the countries of the Euro zone contributed two thirds of the total volume of loans necessary, while the IMF would be responsible for a third.

Sources from the Ministry of Finance Heleno, for its part, reported that the contribution of the Fund would be a bit below that third, in the 16 thousand $600 million, to an average of 2.84 percent.

“We cannot inform on behalf of the IMF, which has to communicate their own decisions,” explained a representative of the European Commission, which is responsible for coordinating the loans to Greece.

The representative also recalled that, although the IMF has the capacity to impose a different interest to the European on its part of loans, Greece might not choose to turn first to this money, cheaper.

The aid mechanism “Euro zone-IMF” is “only one,” said the source, and it would be activated jointly, so that it will have to respect the above-mentioned proportions.

As agreed, the aid operation only will be launched in the event that Greece so requests, and require the unanimous adoption of the countries of the euro zone, after hearing two evaluations of the European Commission and the ECB.

The fact is that you not only has the basic capacity to manage your money (making decisions, establish priorities and employ some math skills simple), but must also take the initiative to do so. No one will do this for you (or, at least, not of free). In addition, the day tomorrow, somebody has to ensure that the money continues, and this should be you. Your financial future (i.e., its capacity to take decisions based on their financial resources) is in your hands. There will always be grounds for refusing to manage money, but never sufficient.

If you are concerned, do not know how to plan their finances, there are various tools in internet that you can search at Google, yahoo or bang. When you feel comfortable with the idea to take charge of their money, begin to realize the benefits that provides, including the ability to achieve goals personally important to you because it budgeted and saved for this. Money Management does not mean enslave on a computer, a calculator and a checkbook. Nor is a task magic, as it will be noticed. You can do so. In fact, take personal decisions on their own finance will allow you to use the money and expertise required to carry the life you want.

Small companies normally function without any explicit plan. But the businessman who is dedicated to design a financial plan (big or small, will be in great advantage over that which is carried away by the multiple factors of random that influence business: the boats rudderless generally end bogged.

The objectives also have different levels of priority and we could name, among others: the profitability (i.e. that is more convenient invest capital in the company that deposit in a bank), efficiency (performance of capital and labor), the growth in the time, reinvestment, etc. Each employer will have its own objectives and priorities; the important thing is to define explicitly what these are.

In a small company, where the employer makes the times of manager, his house the occupies as office, his car as a vehicle of the company, etc. is very important to consider that, although not cost money, all these things are not “free.” If they are not considered with their respective price the financial plan will be heavily distorted.

The basic elements of the financial plan for a small businessman are simple: sales, costs, expenses, gross profit, taxes and profits (or net profit). However are surprisingly few small entrepreneurs to set goals and control these variables regularly? It is a miracle that many small businesses not fail and still thrive in the middle of the most absolute lack of control and planning.

A small businessman traditional spend the money to measure that is going entering, either of its own capital, loans or sales, and only gives an account if the business and a right or wrong in the extent to which his remaining balance in favor in your checkbook in order to each month.

A good businessman by another party considers detail their costs and expenses, setting a salary even to their own work, from that estimated as must sell at least to cover their costs (and not to have to eat the capital), i.e. its “equilibrium point”. On the basis that may make its budget which then must go controlling monthly to know as the business? The majority of bankruptcies occur because an employer did not realize the bad is happening until it is too late.

There is a series of test to determine whether a business worth or not, if its indebtedness is or is not acceptable, if it is worth maintaining the volume of inventory, etc. It is “thermometers” that mark the good or bad health of the business. The reality is that the small entrepreneurs rarely case these indicators and many times decide to continue with businesses that are all kinds of alarm signals with the hope that things will get better in the future. It is not the most logical way to carry a company but if the more common, and many times is due to the factor of random inherent in the companies produce dramatic changes. This does not mean that planning is useless, on the contrary, but if you need to take into account that the numerical indicators are not infallible and it is not enough good planning to ensure the success of a company.

The money is a key resource of the company and must be well managed. While most small is the company more dangerous is the waste. And all the planning described above should serve as a basis for projecting the cash flow. The “cash flow” is the detail of the inflows and outflows of money out of business and every good businessman knows how important it is take controlled. Many leave this vital task to banks, be alone in the end of this month. Nothing more dangerous than this practice. Although the cash flow is difficult to project if it can control daily this will give the small businessman an important x-ray of the health of the business.