Archive for the ‘Finance’ Category
What is the Best, Spend or Invest?
The big problem for those seeking freedom Finance not tell the difference between spending or investing, this is because it maintains the economic problems everywhere.
If we want to achieve financial freedom, we must learn to distinguish between spending and investing. But we must also learn to use effectively the long-term investment, because it is most often used to hide expenditure.
To know what it means both must know that the accusations are all it takes to satisfy a need, this money is not behind you, the most obvious example is the payment of services, visits to dinner, buy a luxury car, etc. These are all expenses.
It is true that the costs are essential, but what you can do is try to reduce them as much as possible.
The other point is who is really an investment. It’s just when we buy something that gives us more money, the most obvious example is when we buy a property and rent or buy a photocopier and put them to produce copies sold etc.
As we see the word investment will mean many things wrong, such as claims that invest in a new car, television, etc.. And as we have said, that the word disguise for selling products.
So if we are to achieve our financial freedom, we must begin to distinguish between what is to spend or invest. This is the only way we can start doing all the right things.
Late Payments on its Highest Levels in Spain
According to the Bank of Spain, the total number of clearing bad debts 100,000 million euros, are representing 5.4 percent of the total, at least until last April. This indicator provides a percentage point over the same period last year.
The defaults are the data released by the top Spanish financial institution, which ensures that the total number of bad loans has risen from 83.862 million in April 2009-99894000 in the same month this year, representing its highest level in 15 years.
While the savings achieved in this period a delinquency of 5.51 percent, 5.04 percent compared to April 2009, and doubtful debts amounted to 48.105 million (44 616 in 2009), late payment banks, always in the same period increased from 3.81 to 5.40 per cent today. Thus, the total amount of bad loans rose to 30.777 million euros to 42 760 million.
In addition, a fact for thought: according to the Bank of Spain for March 2010, in Spain there are 44 238 branches, 1.554 less than a year earlier. The biggest cut it attacked the boxes, which dispose of 24 004 office, 818 fewer than in March 2009. This drop occurred before the start of the current restructuring process. Moreover, concerning banks, the total number of branches in last March was 14 774, 598 less than 12 months earlier.
