Fortline Native Arts of Money

Empire will want quite a lot, but the road is rocky. But if you a few tips to heart, then it will be quite extensive reach, you just need a long-term perspective. First, however, to clarify, from the amount of income or assets you “rich” is. This question is not objectively answerable, because unlike in government action against poverty too much (income or wealth) is not regulated by law.

However, there are in Germany since 1.1.2007 a polemical as “Reich tax designated special tax for extra income. So if you are in Germany wants to become rich, the income limit should be exceeded. So for this income group, which could be described as a rich view. From an annual income of 250,001 euros for singles or double the amount for married couples will increase the top rate by 3%. This means that with a monthly income to be taxed by 20,833.42 euros for singles (and the double when married) for every additional euro earned in addition to the 42 cents or 3 cents tax “rich tax” are added.

Who has managed to become rich, then the recipients as income in those orders of magnitude wide range of legal and illegal, to reduce the taxable income. Therefore, you should see someone as rich if it is a lower taxable income, but his fortune is so large that it actually can never consume more. Such an approach on the property could be used for more productive investigations evaluated.

One could say that someone is rich then, when he made his wealth more profit efficient than non-income than he actually needed to live. Lot performance income is the central point in order to be able to become rich. Because work can be too little back to this goal can be reached quickly.

One approach to get rich is the leverage of loans. Currently, interest rates and low for a safe investment to get long-term loans. So if you invest in real estate, it is necessary to be rich to be able to try it, here objects, which yield more money, than to costs for maintenance and bank payments (including redemption) are needed. Then automatically each year to spend more money and you have the leverage of the loan in hand, to permanently be able to become rich. Because if the time a property goes well, then you can get a second, third, etc. quickly acquire. For each additional property creates more security for bank loans.

Many people dream of rich and independent. Financial prosperity is still one of the main goals of many people. Although money alone does not make happy and content and other things are at least as important, make money much easier. It is good to have enough money, because money worries weigh heavy. We present in this article eight tips to help you financially successful can be.
See also

Some of these tips come from the book The way to financial freedom by Bodo Schäfer.

And: Checklist - How to properly deal with your finances

A detailed budget as an Excel file.

Tip 1: Make sure time on your finances

Many people say that money would have no special significance. Remarkably, are often those who are tired of. In contrast, money for many people, too few of them have become the central living and suffering issue. Many people will only become painfully aware of how important money in our society is and what it means not enough of them to have, if the account is overdrawn and the next loan will no longer be granted.

That money becomes a problem, it is fortunately for most of us to prevent us time to take care of our financial situation. With a healthy awareness of how important your finances are, with some systematic reflection and a little discipline you can avoid the subject of money your life.
“How can I get the joy of life back?”

Is life a matter of luck or coincidence? Or it can be aware of influence? Is it perhaps only trifles that make sure that I feel joy, I feel alive and force and energy in daily life have?

But what could the little things to be?
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Tip 2: Do not expect too much of the wealth

One should here be said quite clearly: Money is no guarantee of happiness and satisfaction. The saying goes: “Money alone does not make you happy,” and although many people know, they think deep into that but maybe that all their problems would be solved if they only had enough money. Many rich but unhappy and dissatisfied people show this clearly. Money alone does not really happy, but it frees us from many worries, so we get their way free to send us to our happiness to care. Money can help you keep your back free, and many opportunities. Money is a useful tool, but never confuse money with happiness, contentment and inner peace.
Tip 3: Find out what you are about money and rich people feel

Who do you think has a better chance to wealth and financial independence to come: Anyone who thinks that rich people arrogant, greedy and cold, or the one who is convinced that wealth and prosperity us generous, charitable and kind makes?

Maybe it sounds strange, but nevertheless it is true: What we are about money, wealth and prosperity think, influenced each of our acts subconsciously and our real financial situation. So if you are not yet on a green branch have come, then it is worthwhile perhaps to check the basic settings you actually have money and wealth.
Tip

While you may think that money does corrupt and vicious, then read some of the biographies of rich people that much for their fellow human beings have done.

An example: For a whole range of people, money and prosperity something downright reprehensible. Money stands for the “establishment” and because we do not include the establishment wants to remain just get no money. But please bear in mind one thing: What is still a certain charm might have been revolutionary, is aged perhaps not so romantic.
Exercise: Questioning Your attitude toward money and wealth

Complete peace and quiet once in the following sentences:

* Money for me …
* If I had a lot of money, then …
* Empire to be mean …
* People with a lot of money …
* Money is …
* Creates money …

Would you say that you have a positive or negative attitude towards money? Or is your attitude perhaps zwiegespalten?

If you through these questions have found out that you have a rather negative attitude towards money, it is helpful to your attitude to money and they change through positive beliefs in relation to money to replace. Think you are alone and perhaps also in conversation with other people, what options you have enough money would be open. Think about what you all do good and how you may help others if you have a lot of money. This approach can be much more positive energy to mobilize ourselves and the attitude to change money.

The pursuit of happiness is sometimes a tunnel in which infinite turn, spiral, our whole life. And if the pursuit of happiness makes us unhappy? How to succeed in achieving happiness? This file offers a conception of happiness.

In search of happiness … The company focuses on happiness in all its forms.

People who spend on television, people who play, dream vacation … people who are in full happiness.

In a way, do not swim in happiness (not shown to others) is not part of society.

In doing so, the pursuit of happiness and pleasures research becomes almost a “disease” … and perpetual happiness.

This projection of happiness that we throw in Figure media and society shape our own conception of happiness:

A happy entrepreneur-manager is a company in good health! How the pursuit of happiness makes you someone miserable?
The pursuit of happiness

“You see how I swim in happiness.” It is an understood transmitted images, audio and video, society, media, life. The vision of happiness returned by the company is idyllic: everything is good in the most perfect of worlds (sweetened sauce).

This creates frustration: why are they so happy? Why have a social life rich? Why their companies are successful? (and why mine is not well or not always?)

This happens with the following process:

1. It seeks happiness, pleasure
2. We say that each one adds pleasure to the collection points of happiness
3. We multiply the pleasures, big and small. This is the cigarette to a dream vacation through games like “see how my car / my cloth / my wife / my kids / my husband / my house is bigger … (for car) / beau / belle / interesting / educated / rich / passion / love, etc.)

All these pleasures cause a fleeting happiness …. So we resumed with a vengeance: it is in a roundabout where you turn, always. We continually seek more pleasure, thinking that every time you earn points of happiness, in relation to the other.

In doing so, we loop like a computer program that badly put together again … always zero, so senseless. Without being able to stop.
Are you pressed for a weekend?

Replace “a weekend” by anything else.

This means that either:

1. Looking for a pleasant life (have a good time … the time of the weekend)
2. Looking for a life that has meaning (the weekend playing a role in this design)

The first choice “fleeting happiness”, is nothing compared to your pursuit of happiness over the long term.

On the other hand, seek a life that brings a sense of passion, happiness … of life.

Genuine. In the long term.
Endless search for happiness and genuine search for meaning to life

A U.S. study (conducted by two universities) shows that people have a genuine happiness (ie that is internalized) when looking for “personal development of their potential, seek self-fulfillment, and contribute to better being of others).

You want to succeed in your pursuit of happiness?

So help your customers succeed. Make your business thrive. Live your life.

How to structure your wealth?

Great question. I received many requests by mail and it is true that this is a subject that I have already addressed. It’s done!

Recommend a type of heritage is not obvious. Every person, every family is a different case. The recommendations are not the same for a businessman and a couple in retirement. The percentage of taxation also plays an important role in the structure of assets. However, there is a basic and universal principles. Overall, this article is for people with less than 100 000 euros of assets (40% of french), so make your accounts!

These principles create a basic structure to build his assets. The foundations of a heritage are paramount. Like the pyramids of Egypt, are the foundations which will allow your assets to grow healthily and especially bear fluctuations and crises.

I will talk about the ideal heritage. Anyone who can have an open mind to opportunities and keep a cool head. I will not address questions such as “risk profile or risk tolerance. These issues must come after because it is simply not smart to play the money you need.

I identified a set of principles as follows:

Principle No. 1: Save. You must have 3 to 6 months of expenses in savings. Saving is essential to have a little back on things. It is a tool you must use to your advantage.

Specifically for a couple of 28 years with the following monthly expenses:

Transport: 300 $
Rent: 800 $
Recreation: 300 $
Power: 300 $
Others: 300 $
Tax: 150 $

We arrive at a monthly expenditure of $ 2150. I recommend this couple to have $6000 to $12 000 in savings.

The objective of this money is to avoid any consumer credit. These loans are marketed with very high rates, often exceeding 18% - and are being used in an emergency.

The constitution of this pool of money is not obvious but it should be your first goal.

To successfully save, you must first serve! Once you receive your wages, put 10% of the money in a savings account. You will see that in doing so, costs are no longer the same importance. More detail in “The richest man in babylon”.

Principle No. 2: Choose your media investment. Everyone is still here? Support investment only defined the nature of the account will have to live your money.

Beware of sellers of products-known as “adviser” - whose goal is not to correctly structure your savings but simply to sell a product. The approach is to ban the product. You easily identify such people, they do not pose any questions about your goals.

The approach does not need to focus either. Typically this is the answer to one of your goals: “buy a house in 4 years” -> hop, PEL. This approach does not take into account your situation in a comprehensive manner.

We must therefore focus on a holistic approach. I would recommend you to spend time and reflect with the help of a professional.

The savings that you carefully accumulated must be available. The regulated savings is perfect for that.

In order, the savings booklet (LEP) is the most interesting. It allows up to 7700 $ paid to 4.50% from 1 August 2008. It is reserved for individuals or couples pay less than $ 732 in taxes on income (the exact amount changes every year). It is reserved for a certain segment of the population.

If you can, open a LEP and fill it.

Then the book to remain a medium of choice. It is a safe investment, the money is invested in securities issued by the Caisse des Depots et Consignations. Atur said, guaranteed. If you do not open a livret A and complete it. You can save up to 15 300 €. Your money is paid 4%. Do not make money with this type of support. The rate is adjusted so that you do not lose money due to inflation (if inflation is 6% and the book A to 4%, your capital concrete bottom). For now the livret A keeps its capital.

A booklet is a good support since it fulfills our goal of having money available.

To go further, superlivrets are the next step forward.

The superlivrets are relatively safe. There is no risk of losing your money. With these superlivrets, the institution pays your money at a rate generally lower than the book A (excluding promotion). This is where it’s a little complicated: there is a jungle of offers for you to subscribe to a particular book. The offers are often accompanied by a promotional rate on 3 or 6 months, sometimes with the limits of the amounts … Bref c’est search and once the net is calculated, it is often less than 4%. The advantage of this type of support is that there are no limits as to amount and that money is available. In addition there is relatively little imposed.

Principle No. 3: Learn! It is important that you learn to manage your money. Nobody will take care of your money than you! Sources of information are not lacking and you need to find one that matches your level. This is also the time to learn to grow your money by placing 5% of your income on the stock exchange. There are many sites to have a virtual portfolio to manage his money. You only need to put that money that you do not need it!

It is common sense but do not forget it. Another point: do not put your money on a medium that you do not understand.

richest man babylone Nabuchodonosor against an empty wallet: Increase your ability to earn money

“I will speak today of one of the most important remedies against an empty wallet. Yet I will not speak of gold but of yourselves, men dressed in different colors and sitting around me . I will speak of these elements present in the minds and lives of men, who work for or against their success.

It was not long ago a young man seeking to borrow money came to see me. When I asked about the reason for his need, he explained that those revenues were insufficient to cover its expenses. Hereupon I explained to him, as was the case, it would be a bad score for a lender, as it lacked the capacity to earn more to repay the loan.

“What you need, young man,” I said, “is to earn more money. What have you done to increase your ability to earn a living?”

“All I can do” he replied. “Six times in the space of two moons I approached my teacher asking him to increase my pay, but without success. No man can ask more often than that.”

We could smile at his simplicity, yet it has one of the prerequisites for increasing its earnings. It has in its interior a strong desire to earn more, a desire suitable and recommendable.

Before performing any desire must exist. Desires must be strong and precise. Desires are generic as long nostalgia. Wish to become rich is of little interest to a man. Désirer five pieces of gold is a tangible desire for a man who can lead it to achieve it. After he realized his desire for 5 gold pieces, thanks to the strength of its objective to secure, it can then find ways to get like 10 gold coins and then 20, and later a thousand pieces and, ultimately, he became rich. By learning to make a small desire accurate, he learned to achieve a greater one. It is the process by which wealth is accumulated: first in small amounts, then larger as the man learns and increases its capacity.

Desires must be simple and precise. They keep their own implementation if there are too many, too confusing or too distant from the knowledge that man can do.

When a man is perfected in his craft, it increases its ability to make money. In the days when I was a humble scribe sculpting clay for a few pieces each day, I noted that other workers did more than me and earning more. I decided that nobody could do more than me. It does not take me long to discover the reason for their greater success. More interest in my work, more concentration on my job, more persistent in my efforts and, ultimately, few men could carve more tablets than me in one day. Quickly increased my competence was rewarded with no need for me to go see my teacher six times to ask for recognition.

The more we increase our wisdom, the more we can win. The man who seeks to learn more about his work will be richly rewarded. If an artisan, he must seek to learn the methods and tools for those who are more qualified in the same way. While working in law or medicine, it must consult and share knowledge with others in his profession. If it is a merchant, it must constantly seek to buy better products at lower prices.

That is why I urge strongly all men to be at the forefront of progress, not stagnate, or they will be left behind.

Many things can make life an interesting man, full of enriching experiences. A self-respecting man should do such things as:
- He must pay his debts with the maximum in its power, and not buy what he is unable to pay,
- It must take care of his family so they can think and speak well of him,
- He must make his will so that, when recalled by the gods, a correct and honorable division of his assets can be accomplished,
- It must have compassion for those injured and affected by misfortune and help within reason. It must implement actions to prevent their loved ones to his heart.

Thus, the seventh and last remedy against an empty wallet is to cultivate your own powers, to study and become wiser, to become more competent, and you respect yourself. You should gain the confidence you need to achieve the desires you have carefully studied. ”

How can you apply this seventh and final remedy?

If you are a faithful reader , you have probably noticed that I regularly on setting your financial goals. I have written many articles on the subject, you detailing my goals as an example. Yet I see many questions posed to me that most people first look for the best rate of return or the best financial product, without having previously defined their targets and precise. With dates, amounts, levels of acceptable risk, among others. Otherwise, you just want to get richer. It’s too vague to give you the motivation to do the required daily to learn how to become rich.

As explained by George S. Clason, it is better to win like 10 euros more this month. By digging their heads for ten euros more, you will discover ways to get more then twenty, and so forth. Wanting to become rich and read articles related moves do anything if you do not have a specific goal to achieve pushing you to action. What is the difference between a person who becomes rich and one that does not turn, it is not the start-up capital, not the people you know, is the motivation that you have to become you want to be the energy that drives you every day to learn to persevere despite your mistakes.

Once your goals defined, you can get your education on the subject of money for example. This is the main theme of the blog. The specific objectives, discipline, concentration, training, become rich, are also topics covered in detail in the book by Jim Rohn, “Strategies of prosperity.” The majority of recommended books on this blog, help you reach your financial goals. Why not participate in the challenge of book 6 of the Personal MBA books in french by the end of this summer?

Have you set your financial goals exactly? What is the training plan you have set this year to become better in your job and earn more?

Do you take into account the new list of short-term investments?

Where to put your cash in the short term, knowing that the rate of the Livret A fell on 1 February to 2.5%? It’s an idea for an article submitted by Dr_Alf in a recent comment on the article “How can we improve the blog PlusRiches.fr”. Let me explain, in a previous article, in what order the books focus. Since this article, as the rate of the Livret A amounted to 4% last summer, the order was presented not in question. The deal has changed and what support do you put your cash or your precautionary cash in early 2009?

cash cash yield short-term rates livret A PEL CELAvec rates charged in February 2009, the ranking of the best short-term investments for your cash or your background carefully, is now as follows:

1st: The Livret Jeune. If you are under 26 years, do not ask questions and take out a book Young. This is the book that pays better: between 3 and 3.5% net. You can only purchase one and you must be between 12 and 25 years. The maximum you can deposit it is 1 600 euros.

2nd: The Livret d’Epargne Populaire (L.E.P.). If you are not taxable or that you pay 754 euros less income tax, the Livret d’Epargne Populaire is the book most rewarding because you will receive 3% net. You can deposit up to EUR 7 700. You can purchase a two per taxpayer per taxable household.

3rd: The Livret A or livret bleu. Despite a rate of return increased to 2.5% net since 1 February 2009 instead of 4%, the Livret A, Livret Bleu also called Crédit Mutuel, the book is still the most profitable if you are not part of the two previous categories. You can put up to 15 300 euros. You can only purchase one per person, but even those minor can open one in their name. Do not waste your time to compare the characteristics of the Livret A in different banks, they are the same. The Livret A is regulated.

4th: The Book of Sustainable Development, former Codevi. The booklet Sustainable development is paid as the Livret A. The difference is that the maximum deposit amount is only 6 000. A more open, therefore when you have reached the limits of the Livret A. You can open one and two per taxpayer per taxable household.

5th: Super-bankbook. Super-Books offered by banks have more super than their name. Their rates of pay are gross now around 3% after the marketing rate (up to 8% gross) valid expired a few weeks. 3% gross, it offers a net rate lower than the book A. The super-books can be interesting if you put an amount for a few weeks in a secure way. You look as she is the best offer of the moment between ING Direct, Cortal Consors, Monabanq Bank and AXA, for example.

6th: Plan d’Epargne Logement (P.E.L.). If you open a P.E.L. today, you will enjoy a rate of 2.5% as the Livret A. Except that this is a gross rather than a net. You must pay social security contributions at a rate of 12.1% on interest earned. If you take out a mortgage through your PEL, the rate rose from 2.5% to 3.5%. The problem is that you keep this rate for the duration of your ELP while the rate of the Livret A is revised twice a year and may rise in coming years. You can not hold more than one P.E.L. and a minor can open a. The maximum amount that you can deposit is 61 200 euros.

7th: The Accommodation Savings Account (C.E.L.). The C.E.L. pays you 1.75% gross with contributions of 12.1% payable on the interest generated. If you take out a loan through your CEL, your rate of pay increases to 2.625%. The maximum you can deposit is 15 300 euros. One C.E.L. can per person and a minor may hold.

8th: The Account Terme (C.A.T.). The rates of term accounts have also fallen. The crude rate that you will find now is around 2% knowing you have maintenance fees account, social security contributions and income tax payable on the interest generated. Currently, the term account is no longer recommending the placement for your cash.

Overall ranking is the same as in my previous article posted almost 18 months ago. The updates in the rate of the Livret A reflects the financial markets. The banks in turn offer their books always with a tax gross-hither without details of the net allowing you to easily compare with the books défiscalisation. I give you the trick to make your calculations easily with social security contributions and tax rates, simply multiply by 0.699 the rate of gross pay to get your rate of return net. If you do not pay taxes, you earn a little more.

This ranking you seem clear enough? Where you put your cash and your cash precaution? Have you changed your bank to book a suite at the opening of the sale of this product to all networks? What strategy do you apply when the ceiling of your book the more rewarding is exceeded?

Which book to choose to put your cash?

What is your point of view, the first step to put your finances in order? The correct answer: You set up a fund to care equivalent to approximately 6 months of expenses. This money must be placed on a secure financial product allowing you to recover your money over night if necessary. The books are among the most suitable and accessible for this target. Last February I presented to you in an article in the list of best books to find that little had changed since the previous rankings. A booklet being distributed by all banks in recent months, the situation changed? What book do you choose for your fund as a precaution you the highest possible? This is it worth the cost to change the book regularly to enjoy the best offer at the moment?

A booklet offering money cash placerUn comparator which assists working. William, PlusRiches.fr player, created a site comparing the books of banks: In my classification of books, I thought at first that the gain of promotional offers not worth the cost of you bother to change booklet regularly. The advantage of this new site is that it calculates exactly how much each will earn you a booklet on the market depending on the amount you have to place. It provides you at a glance the ranking of the tenders with all the necessary data such as rate of return, the ceiling of filing, the deadline for the offer …

Choosing the right book can tell you 50% more. The calculation with the new offers on the market shows that some books may tell you 50% more a year on a basis of a booklet. If you put 15 600 euros, for example, which is the maximum allowed on a livret A, the supply of Savings of Young Monabanq bring you at this time 403.66 euros on a year against 268.91 euros for a livret A “basic”. What do you think. If every year you put your money on a book that earns you 50% more than the book basis, after twenty years, by reinvesting your profits, you have 24 343 euros instead of 21 011 euros. With the assumption that the rate of the Livret A, currently only 1.5%, not moving. More than the real gain, relatively low at present, the percentage of additional gain, which is very interesting. And if the book rose to 3% in a few years and you find easily a tender offer of 6%?

A high rate does not guarantee a high gain over time. What also surprised me by comparing the offers on this site is an enormous product offering a yield less interesting than the book A. The majority of the book offers a complementary, to use once you’ve exceeded the maximum payment. In fact only a dozen offers on the hundred on the site offers a performance more interesting than the livret A “basic” in one year. A full year seems to me the correct time. Some products have rates of 7% gross, but they are valid only 3 months. In one year, this product is often less interesting than another product with a lower rate. The big advantage  is that it eliminates all the tedious calculations required if you wish to compare the different offers at the moment.

One suggestion for improvement. If I had a suggestion to make would be to specify the population to which each bid is intended. For example, the booklet offers the best performance now, the Savings of Young Monabanq, is accessible only if you are between 12 and 25 years. It is not clear in the details of the offer. In an ideal situation I would be able to seize upon the place that I do not have between 12 and 25 years. Offers for young people do not then I would be presented.

Have you set up your cash precaution? Have you put on a more interesting than the Livret A? Did you think that some books you could bring as much compared to a simple Livret A? Do you think that change every year for the most successful book is a good strategy?

We have already had occasion to discuss the need to first create a relief fund if you had so far used to spend all your money month after month, check after check. It is more important, and this must be done before, as investing in a stock exchange or a life insurance policy to ensure an additional source of income.

This allows you to prepare for the changes which necessarily occur in your life and you will face. But you can not predict. When financial problems, loss of employment, for example, happens, you will not need to borrow or to touch your other investments, which amounted to mortgage your future. Being forced to sell stocks at the wrong time or withdraw money from investment funds of your PEA while taxation does not favor, would cost you more money than the financial problem itself . More importantly, build a relief fund, you can sleep on both ears.

How much money do you spend per month? How many months of expenses can cover you if your main source of income were to disappear? How much money should be put aside in case something goes wrong? Most people have no provision against this risk, it is not surprising that the number of cases of excessive debt is steadily increasing.

It is possible to build a bottom without pain relief, which automatically and the second part of this article will show you how … Now you’re convinced that you build a substantive relief is essential.
Now that the first part of this article has convinced you that it is essential to build a relief fund, see the best way to be:

1. Your substantive relief should be automatic. You will spare no substance to your rescue if you do not put in place an automatic process. From 50 euros per month can be enough to be your background, but they do not purchases that you fancy, you must remove them from your current account automatically, using a debit, for example .

2. Your substantive relief must be in the right place. Your background should help you earn interest, at least to counter the effects of inflation. Attention then not to enrich your bank with your savings. This money must be placed on a liquid product, which allows you to quickly recover your cash relief to the day when you need it. The products are best suited Booklet A or Codevi, for example. Life insurance of more than 8 years may also be the case. Forget the super-type books that relate ING Direct unless the booklet A.

3. The size of your emergency funds. In case of trouble, you must have side between 3 to 6 months of monthly expenses. To each according to his individual case, its location, and beliefs, to decide where to place the cursor. All you have to estimate how much you spend per month.

By creating a background automatic backup, at least two things will happen: you protect against the unexpected and you sleep on your ears, you will live longer pays after paying, month after month. And 50 euros per month is enough to make that difference … before you tackle really become rich!