Different ways to secure a fixed money for your future

I’m never going to think about it have you heard this phrase? Sure, that yes his grandfather once said it his parents too and you do not fall behind just like your co workers and their friends. It is always said that the system deteriorates that a pension reform is needed and that young people have to look for some additional income to survive in their old age.

fixed money

Many are the reasons that cause the problems in the system starting with the population pyramid in recent years, as the population is not currently being renewed at the pace required by the current pension model. Older people get older while newborns are less. This is evident when comparing the older population of the years 1985 with the one of 2017 (that is between the 60 and more than 80 years of age according to the information that the DANE reports. It is observed that older adults have increased 4.72%, while newborns (between 0 and 4 years) are decreasing and in 2017 are 4.56% less than in 1985. Continue reading “Different ways to secure a fixed money for your future”

What to do when you lose a job

Unemployment is a common and regrettable fact of an unstable economy in times of recession. The tips below can help you deal with such a situation.

Keep a budget

Start by reducing expenses, do not eat out or buy expensive drinks. Do not waste food at home. Turn off the light switches when not using a room. Consider selling unused and in good condition. You can reduce your monthly expenses from 10% to 15% and save money with a little ingenuity.

lose a job

Take advantage of unemployment insurance

Employers are required by law to pay unemployment taxes. You have earned it. Visit the local unemployment office to register and start receiving weekly checks until you start working again. Continue reading “What to do when you lose a job”

The top five mortgages for April 2017

The Green Mortgage RN Exclusive has raised its interest rate from Euribor + 0.70% to +0.85 but still remains the best mortgage offer on the market today. In addition to accessing this differential you only have to comply with minimum bindings payroll, life and home and is a loan free of commissions. The entity has a team of mortgage advisers who take care of all the formalities until the day of signing the mortgage. Cons: The financial inter mediation service entails fees that must be paid in the event of signing the mortgage offer presented by the company.

mortgages

The Mortgage Orange of ING continues in the second position of our podium with an interest rate of Euribor + 0.99% for sale and up to 80% of the valuation value. It also offers the advantage of extending the term of return of 30 years (the usual) to 40 years as long as they do not exceed 75 years. The entity does not apply any commission on its mortgage. ING Direct is a bank that usually delays in the process of incorporating the mortgage loan compared to other entities. Continue reading “The top five mortgages for April 2017”

Invest in real estate projects through crowdfunding

With their savings, they bought the vacant lot, but to begin to build the residence of 3.5 floors they needed 3 million pesos (MDP). First, they knocked on the door of Santander they asked for experience and guarantee three to one to back the loan. If the land acquired was worth 3.2 million pesos, they would only be receiving 1.5 million and the property would remain under guarantee. Two Multi-Purpose Financial companies were their second option. The percentage of 18 to 19% interest they requested was too much to support their small developer.

His last alternative was to bet on crowd funding or collective financing. A scheme that allows small investors to put their money in real estate developments, with amounts from 25,000 pesos, and obtain returns higher than the IPC in an average term of one to two years.

In 2016, by recommendations of friends, Rivera, Moniz and Curial decided to try it through expansive one of the three platforms that exist in the country. which began operations in July 2015. In a first stage, they asked for 1.5 million pesos to start construction. In just over a month, obtained from 12 investors, who could contribute from 50,000 pesos?

Adolfo Zavala, co-founder of expansive, points out that it is a win-win. On the one hand, you cover the capital needs of these developers. On the other, you open the door to potential investors who intend to diversify their portfolio and obtain more and better returns than other investment instruments.

Financing usually occurs through debt or co-investment schemes. Tau applied the first round backed with 14% fixed rate promissory notes. Today, the work is in the fourth month of progress, and through Expansive, the entrepreneur’s report how the project is going. Investors will be able to see returns by mid-2017, once the house is sold

If you spend more than you have, your debts may possibly lead you to borrow with high interests. State Street Global Advisors placed the statue to commemorate International Women’s Day. Although the cost of mortgage lending rises, 2017 is a good year to buy a home, experts recommend.

Tips on Financial Etiquette

Touch is the hardest thing to keep when it comes to money matters. Here are some expert tips on financial etiquette on how best to deal with difficult situations. In a restaurant, your friends suggest dividing the cost of food evenly but your food costs less. The same thing happens if you regularly have lunch with friends and the price of your food usually is almost the same as theirs. You do not want to be the person who is taking out the calculator.

Tips on Financial

However, it is okay to ask your server for a separate account before the meal if you often go out to eat with people who tend to order the most expensive meals and drinks. In fact, your tablemates will appreciate being able to order everything you want without feeling like an imposition. Continue reading “Tips on Financial Etiquette”

Households borrow 14% more from personal loans

Going to credit to finance day to day spending is once again a common practice among consumers once they have forgotten the worst consequences of the economic crisis for family budgets. Households have resumed the hiring of all types of instant financing products which usually do not have as many concession barriers as a mortgage to purchase the classic household appliance make the trip dream or renew your vehicle.

personal loans

The volume of new operations reached 27,355 million last year, which implies several milestones: a new increase of 14% compared to the previous year, when it was already improving 13%. At the same time, the highest level of credit investment since before the recession began. Continue reading “Households borrow 14% more from personal loans”

The sins of SME when applying for obtaining credit

It is inevitable that you think about financing to expand a business. Improve operating conditions when revenues are still nourishing the initial investment as in most micro small and medium enterprises. What should you keep in mind when applying for a loan? What does the business bank evaluate? A more optimal way to request a credit is to be documented by the different channels of communication of the bank on the offers of credits.

SME

What defines whether or not there is capacity to pay a financial obligation is its flow. It removes from subtracting income from business expenses. Thus we know if it is enough to cover obligations that have more than the ones you are requesting. Continue reading “The sins of SME when applying for obtaining credit”

How to renew the commercial registration by internet?

It is the obligation for all traders to carry out this process before March 3 we tell you how to do it. What are the benefits that would receive to make the renewal within the term? Commercial registration is the record that certifies the existence and constitution of companies or establishments. Therefore, those both natural and legal persons must register.

commercial registration

Carry out the renewal annually. According to the Chamber of Commerce, this register allows to exercise any commercial activity and publicly accredit the quality of the merchant. This document contains all the information of the merchants of the companies or establishments data that can consult the customers who want to contract with said businesses. Therefore, these records will allow you to expand the portfolio of both customers and suppliers to find new supply or demand niches. Continue reading “How to renew the commercial registration by internet?”

How do I know the idea I have of business will work?

Many of us want to be independent and have our own business, but we have no idea what to invest in how or where to start. That is why we give you some tips and tell you about projects that you might be interested in undertaking. Is the leader in a company born with that profile? Do you want to be a true leader in 2017? You can do it with these 12 tips. Part of a premise that must be very clear is that you and no one else will be the one who makes the decisions about the opportunities presented to you. Finally, who has to work and move to make things work is you.

business

That’s why you have to avoid being compared to others, but beware! We are not telling you to stop inquiring or not to report on how the sector is where you want to start. On the contrary, this is very important because for example if the economic situation tells us that the hydrocarbon sector is not at its best Moment. Analysts say that the ideal is to stop investing in oil well we must abandon the ship and take another course. Continue reading “How do I know the idea I have of business will work?”

What are the banks that handle the worst of their clients’ complaints?

Banks are still trying to reach more clients in Colombia. While they know that, the business tries to compete by trying to retain them and improve financial inclusion indicators. The country occupies an honorable third place in Latin America in this indicator and hopes that 8 out of 10 Colombian adults will have at least one financial product in 2018. Each bank has tried by its strategy to see itself as more human that is on the side of its clients to achieve their dreams and that has the best talent in each office to provide a solution to the needs of its customers.

banks

The CIV firm in Colombia has been measuring the perception of bank users for 10 years and has just announced the results for 2016. For the tenth consecutive time Helm Bank achieved the first place of satisfaction. Emotional closeness with its clients among the top 12 Colombian banks due to its philosophy of service focused essentially on the customer experience and the fulfillment of its promise of service. Continue reading “What are the banks that handle the worst of their clients’ complaints?”