Guide to invest of Robert Kiyosaki

2 December 2009 - 17:18

The following one is a brief summary of the guide of investment presented/displayed by Robert Kiyosaki through its books, especially its book guides to invest, and other means; guide whom it tries to help the people to become investors who generate wealth and reach the financial freedom.

In order to begin, we will say that Kiyosaki affirms that two types of investments exist: assets that are created or bought soon to sell, and assets that to be created or buy so that they generate to him to one a cash flow:

• Assets that are created or bought soon to sell: they are assets that, generally, are bought at a low price, with the hope of which with time they are appraised (it increases his value), soon to sell them to a price greater than the price of purchase, and to obtain therefore a gain. For example, one house that is acquired to be remodelada, and soon to be sold to a price greater than the price of purchase.
• Assets that are created or bought so that they generate to him to one a cash flow: they are assets that are created or they are bought with the intention of which they generate to him to one an immediate gain based on the generation of a cash flow. For example, one house that is acquired soon does not stop to be sold, but to rent it and to thus generate income by rent. Other examples of this type of assets or investments are the businesses, real estate, the actions and the obligations.

Labels: Personal finances, Finances

Published in Finances | 3 Commentaries”

How to save

24 November 2009 - 19:31

An important requirement in the handling of the personal finances is to have the discipline to save, that is to say, to have the discipline to reserve a part of the obtained income of money, and to keep them for a later use.

Acquiring the custom to save will allow us to have the knowledge security that we have money with which we can respond before any emergencia or unforeseen circumstance; it will allow us to join money soon to be able to invest it and thus to obtain new sources of income, for example, when acquiring businesses or investments; and also it will allow us to join money soon to be pleasant some to us that allows us to improve our quality of life, for example, when buying a new automobile, or when going to us of trip.

We see next a method made up of 5 steps that will help us to save:

1. To make a picture of income and debits

In the first place we must make a picture with the games that generate income to us and those that generate debits to us, as well as the monthly amount that to us usually generates each game.

Labels: Personal finances, Finances, Step by step

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How to calculate the quota of a loan

2 October 2009 - 15:36

The quota of a loan is the amount that is due periodically to pay after to acquire one, with the purpose of to be giving back part of this one and, simultaneously, to be paying the interests that have been received to acquire it.

Besides the amount of the loan, the interest rate and the granted term, to determine the quota to pay the method or system of amortization that uses the bank or financial organization are due to take into account that grant the credit; which basically use two methods: the German method and the French method.

We see next each of them:

1. German method

The German method is very nowadays not used; in this method the quotas are decreasing, that is to say, at the outset high quotas are pleased, but soon they are falling.

In order to understand this method, we see an example:

Labels: Personal finances, Finances, Step by step

Published in Finances | 2 Commentaries”

How to handle the personal finances in the days of crisis

6 Julio 2009 - 19:33

We see some advice exceeds how to handle our personal finances in the days of crisis:

To eliminate the debts

The ideal would be to eliminate all our debts, but in the days of crisis, it could be a difficult task; reason why, at least, we must try to eliminate our more expensive debts, that is to say, those than have a greater interest rate.

Between the most expensive debts they are those than they generate the credit cards, reason why we must try iron gates all our credit cards or, at least, to have left just by a single, the one that is more advisable.

In the days of crisis we must try to eliminate our debts, being able to maintain those that do not present/display a greater cost; but always assuring to pay the quotas in time to us, and thus to avoid that the interests raise.

To avoid to contract new debts

The times of crisis are not the best moment to become of debts.

Labels: Personal advice, Finances, Finances

Published in Finances | 2 Commentaries”

Advice to confront the times of crisis

22 May 2009 - 14:08

Next we presented/displayed 5 advice to them exceeds how to survive or to confront, in the personnel, the times of economic crisis:

1. To stay informed

The first advice is to stay informed, we must permanently follow the news of economy and finances, national as as much international.

Maintaining to us informed and abreast of which it happens in the country and the world, will allow us to make better decisions than they help us to confront the crisis.

2. To save

The second advice is to save, which means to be frugal, and to spend and to consume less.

For it we must buy intelligently, to always look for the supplies or discounts, to take our time us, to compare prices well, and to look for the sites where we can obtain products of smaller price, etc.

Labels: Personal advice, Finances, Finances

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Advice to save money

18 May 2009 - 17:15

To save, in terms of personal finances, consists of the act to reserve or to keep part from our money for a future use, or to use it in some emergencia, to be pleasant some, to invest it to us, to use it in the days of crisis, to use it in our retirement, etc.

Next we presented/displayed a compilation to them of the 5 better advice exceeds how to save money:

1. To spend less

This advice seems obvious, but in fact he is the first advice to consider if we really want to save money.

It means to be conscientious in what we spent our money, and to always look for the way to spend less or, in any case, to stop spending money in some things.

Method that can serve to us as aid to apply this advice, consists of to elaborate budget familiar or personal, that allows us to know which are the games in who we spent more, and to analyze if we can spend less in them or, in any case, to remove them from our budget.

Labels: Personal advice, Finances, Finances

Published in Finances | 4 Commentaries”

How to make a budget familiar

3 February 2009 - 18:13

A familiar budget is a document where we projected futures monetary income (for example, income that we will obtain through our use or businesses), and futures monetary debits (for example, the expenses implied in covering familiar needs or the payment of contracted debts).

The main objective to elaborate a familiar budget, is to have a greater control of our debits, being tried whenever the difference between the income and debits, is the possible major.

We see next which are the objectives or reasons of elaborating a familiar budget:

• to know our level saving (income less debits) and, that way, to know if we are obtaining a level of suitable saving, or is necessary to reduce some expenses, or to look for new sources of income (for example, new businesses or investments).
• to identify the games where the greater percentage of debits is concentrated and, that way, to analyze if it is possible to reduce the expenses in this game.
• to know our level indebtedness (debits as a result of the payment of debts) and, that way, to know if we must limit the use of debts or, in any case, if it is possible to acquire new.

Labels: Personal concepts, Finances, Finances

Published in Finances | 11 Commentaries”