Author: Alan Martinez

Finance

How Thoughts Affect Your Finances And Life

Our organism is the whole Universe. The human brain is still being actively studied. But already now there is basic knowledge that allows us to understand human behavior in certain situations.

For example, you lost money. It may have been a bad investment. Or you bought something, it broke, and you cannot return what you spent.

What do you feel?

  • Chagrin?
  • Insult?
  • Devastation?

You think, “Life is pain.”
But millionaires don’t think so.

For example, I invested $ 50,000 and lost. I think: “Great Nina. You’ve had a great experience. Don’t do that again. Next time, take a consultation from an expert or go learn it. “

And if I am not sorry to lose money on investments, because I know how to restore it there, then in my business, I feel sorry for them.

If I invested, conditionally, 200 thousand bucks in advertising, and received nothing, I was offended. Once upon a time, I didn’t have enough advertising experience. And now this experience has been gained, and it is no longer so important how much to lose. Because I know this is a test. It didn’t work, let’s move on.

Our thinking depends on what experience we have accumulated.

But very often, people attach their thoughts to their experience.

60-70 thousand thoughts a day rush in our head . Of these, 90% are negative , the repetition is the same:

“I am not worthy. I cannot make a lot of money. I am losing money. ”
And only 10% are our conscious desires .

The only thing we can do is start controlling them.

Just remember your state when you really want to go on vacation, and you clearly knew which country, which hotel. Did you manage to go there? I am sure that the majority succeeded.

So it is with other desires. For example, you want $ 1 million. You have to place this in your conscious desire.

At the last “Count Your Money 4.0” marathon, I asked the participants to write down their negative attitudes.

If you are now at that point that does not suit you, and you have written up to 10 installations, I recommend that you work on them still.

Even I have more than 10. Despite the fact that I have been working on them for more than 3 years, I have worked more than once, a large number of installations with a coach, a psychologist, I come to meetings in the Club with a psychotherapist in our Club, I have what to work on.

While access is closed, but as soon as the window is open, we will inform you about this first.

Finance

How Not To Lose Your Savings? And Your Other Questions

In our online communication, I often suggest asking a question about personal finance that worries you and guarantee that you will receive an answer.

This article answers the questions of those who use every opportunity to understand financial issues and improve their financial well-being.

A must-read for those who want to achieve success not only in finance, but also in other areas of their lives. After all, not a single sphere of life changes the rest as much as the financial one!

Do not keep all your assets in dollars.

If you only believe in real estate and do not recognize other investment instruments, do not buy only the dollar, because it will always depreciate.
Let me give you an example.

The other day I met with a client who bought a luxury apartment until 2014. At that time, in dollar terms, she gave 1,000,000 for it.

Now she has decided to sell this apartment.

How much do you think it costs now?

In dollars, an apartment costs 500 thousand dollars . That is, the person lost half a million dollars in the apartment .

And if this apartment was for rent. How much income would you receive as a result?

Therefore, if someone has an apartment, calculate how much you have lost. Consider that you not only receive rent, but also pay taxes on it, keep it in working order.

I assure you, if you just kept this money in dollars, you would be in a bigger plus than renting this apartment.

However, simply keeping money in dollars is also not effective, because they depreciate at the inflation rate . But that would definitely be better.

And it doesn’t matter how much you have – 30 million, one million, 500 thousand. You don’t have to keep all your money. All the more so if you want to save up for retirement. It’s definitely at least a dollar. Because it is in dollars that there is a huge selection of instruments.

There are much less of them in euros. There are even fewer of them in pounds. This does not mean that these tools do not exist. Just more instruments in dollars. And for this very reason, I often recommend the dollar. Even if the person lives in Europe.

But if a person is convinced that he needs to invest in euros, then he can also invest in euros. Some brokers and some financial institutions also open euro accounts.

Don’t put all your eggs in one basket .

Once upon a time, clients came to me who invested 10 million dollars in shares of oil and gas companies.

What do you think is happening with their portfolio now?

They lost half of their capital . Just out of stupidity. The manager simply said that these companies will grow. And he put in his portfolio only companies in the oil and gas sector.

In other words, they made a long-term investment and no one followed this portfolio for 10 years. They themselves did not follow, the broker’s manager did not need this either, he was not paid for support. And as a result, after 10 years they got a negative result, lost half of the accumulated capital.

Finance

Children And Money: What Financial Skills Every Child Should Learn

Just standing and looking at the bike from the side doesn’t work. Therefore, you need to understand that money is just a tool. While the children are small and do not earn, you should give them away. If they don’t have money, they will not learn how to manage it.

Let them make all the mistakes from 5 to 16, than start making these mistakes from 18 to 30, lose a bunch of millions and tell their fakups at 30. If we want children not to waste precious time from 18 to 30 years old, the sooner they need to be taught. All this will be beneficial.

When wealthy people come to me, they often ask the question: “How can I get my child to clean his room? Pay him for this? “

I always say this: if you are willing to pay someone for this work, then there is nothing wrong with paying the child for it. You either need to show by example that I clean my room, and you please clean yours. Either you say yes, I’m willing to pay you.

They are always tied to the transfer of responsibility. If the child is small, then he has little of it. And responsibility grows with age. And the more responsibility, the more money. By the age of 18, he should have a large salary until he starts making money himself.

Thus it is necessary to stimulate the child to earn money. If this is not done, the child will grow up infantile and will not do anything.

I really liked what you said about values. Of course, everything in the family should be based on values.

I can always afford the child both to pay and not to pay for some household chores. Only because the family has values. And the child always understands what she is paid for, or understands what she is not paid for.

With this it is better to go to a psychologist. You have the wrong interaction with your child if you think it is wrong to pay your daughter or son for help. This is your inner world, in which there are expectations that the child owes you something.

I believe that my child does not owe me anything. And I have to at least: food, education, and protect it until the age of 18. Until the age of 18, he came to this world for another. I don’t see anything terrible if my child does something for free. But if she offered me paid help, why not pay her.

I do not satisfy all her wishes. And the child has a need for money. Therefore, at the level of her age, she thinks: “How can I help?” The main thing is to teach the child to think like an entrepreneur. What can I do and get paid for it. She does not regard this as helping her mother, but understands that it is possible to do this task precisely and I can be paid for it.

In the beginning you give to him every day, because the child cannot distribute the money yet. If you issue a weekly budget, he will immediately spend everything.

When we see that a child is doing well, usually at 8-9 years old, we give him a budget for a week. And when you see that the child is coping with this budget, you give him money for a month.

Your task is to teach your child to distribute the money given out for a week, and from the age of 10 to teach how to distribute for a month. Otherwise, he will not learn to manage his budget.

House Decoration

How To Increase The Price Of A Home For Sale Or Rent

You never know what the future holds. If you are the owner of the house or apartment where you live, it is very important to know the value of your home .

The decision to sell or rent must be made at the most favorable time on the market, but what matters in the end is how much the property is worth in the eyes of potential customers.

A decisive element, quite subjective and easy to manage by the owner, is the way the house looks .

Surely you have seen real estate ads with disappointing images of apartments and houses that you passed on, without being interested in a possible negotiation. Yes, the price is important, but no one wants to buy or rent a house they can’t live in.

The price at which the transaction ends depends to a large extent on the way it looks.

If you really want to significantly increase the value of a property for sale or rent, it is advisable to contact an interior design expert.

  1. Walls – no cracks and mold. All that means traces of flooding of neighbors, any cracks that have appeared over time must be removed and remedied.
  2. The parquet, regardless of its quality, must look good, be maintained. Stains, swellings and cracks greatly reduce the value of the home.
  3. Bathrooms are critical elements in the decision to buy or rent. They must be functional, clean and bright.
  4. The windows. It is recommended to be made of new PVC joinery (double glazing). Also, cracked or visible malfunctions are not accepted. Scratches, traces of old paint and insulation must be removed. White windows are preferable.
  5. The kitchen. It is important to be equipped with everything you need in a household, and for the equipment to look new and work. The dishwasher and the tumble dryer are pluses that increase the value of the property, especially in the case of renting.

These are just some of the things you need to keep in mind for your property to be in the best shape for sale or rent.

But do not forget that the furniture and design elements that create the atmosphere of the home are important.

The more you pay attention to details, the more attractive the product you put on the market will be.

House Decoration

Ten Useful Tips To Gain Space In Your Apartment

The biggest problem of our homes is the lack of space. But she’s not always real. It occurs due to errors or bad habits that lead to excessive overcrowding of homes.

  1. When choosing furniture , look for a balance between beauty and utility.
  2. Contact an interior design expert and choose a style that suits you, for example: Nordic, Mediterranean, vintage, classic, etc. It is much easier to use the space efficiently if you have a well thought out project.
  3. Think about as many details as possible from the beginning, make a good plan, so you won’t have to improvise. Improvisations are the biggest space consumers in a home.
  4. Know very well your personal needs and those of those you live with, so no unnecessary objects and furniture will be purchased.
  5. Use your imagination. There are dozens of places in a house where you can set up shelves, you can grab a bigger or smaller closet, you can store something.
  6. Less means more in terms of arranging an apartment. Limit your choices strictly to what is needed to achieve the solution.
  7. The space is also used on height. Use the one above the cabinets with confidence, but without ruining the big picture. Choose the right boxes to put the necessary things in.
  8. And the space under the beds and sofas can be used for storage.
  9. You gain the most space when you sell, donate or throw away things you no longer use. At least a quarter of your home is occupied with such things.
  10. Clutter has the stupid habit of invading space. An arrangement can be destroyed by the chaos of a house. This condition creates discomfort and a feeling of suffocation and does not come from the small size of the apartment.