You are on page 1of 31

Acknowledgments Who to thank rst if not my good and great God who has given me a lot more than

I deserve; both spiritually and materially, which is why I have always had to appeal to his grace and mercy, both of which he bestows so freely upon us. For it has been through the love of the Father, salvation through the Son, and the power of the Holy Spirit that I have been able to complete this book whose purpose is to give a solid doctrinal foundation in regards to money and riches and their inevitable connection to people, the church, and society as a whole. To my beloved wife Veronica whom God himself chose for me, and who has shown support for me at all times, with special love and understanding both of which have been vital to the development of the desires of my heart. To my rstborn Geovanni, who despite his young age, has shown me how courageous one can be in the Lord, knowing that when we can no longer deal with something, the only thing God expects from us is to put everything in his hands. To my little one Anita, who has shown me the tender part of a relationship between a father and his daughter; it is similar to what we can expect from God as a father, who will not sit and watch our problems play out, but will instead keep vigil and ght for us. To my Beloved mother, who from my earliest years, guided me in the ways of the Lord. To my beloved siblings and my family as a whole, who have always shown spiritual support in the work that God has entrusted me. To my spiritual father, Apostle Sergio Enrquez who through his way of life, has taught me not only how to eat sh, but how to sh using my own rod, spiritually speaking.

To those of you reading this book, seeking not the wisdom of men, but rather the revelation of God through way of his holy scriptures, it is my desire that God speak to you and guide you through the path that is intended for you, knowing that it is always best to rst seek the God of riches, rather than Gods riches.

Introduction Part of the problem that a lot of people and institutions face nowadays, is that they never learned, or were never taught, how to administer the goods that God has given them by using basic principles of nancial administration. Rather, they manage this area in a completely empirical manner or in whichever way they consider best based on their own criteria. The reality is that in some cases, it is not necessary to go to college in order to learn about nances, though doing so is not a bad idea. We have to acknowledge that God is the one who has given us everything and that we are held accountable for everything that he has placed in our hands. For example, the least we can do is: Reconcile our bank accounts. Organize credit card vouchers to their respective states. Know how many resources are available to us at any given moment. Know what our short and long term obligations are and what each of their costs are. Have a projection of both income and expenses at least once every 6 months. Have Short and long term goals for your savings. We could go on and on about this. In individual cases, we must personally approach these matters; when it comes to an institution, the task can be left to someone else, but we must always revise their work. The purpose of this book is to provide people with a practical guide on how to go about doing this. The most important thing however, is that in his word, God lets us see the benets of doing things the right way and also the consequences of doing them the wrong way. This can be a problem for some as it causes their faith in God to clash with their habits.

But we can clearly see that it does not go against our faith but on the contrary, it actually complements it just like faith complements acts and acts complement faith. James 2:14 What doth it prot, my brethren, though a man say he hath faith, and have not works? can faith save him?

01 The Myth About Money in the Church


Money has been a topic of myth within the church. Some people fear even mentioning the word while others cant seem to stop using it. We want to balance this topic out using the bible as our base so that their is no myth behind it, but rather a true blessing just as it was conceived by God himself for us. Some churches refuse to use the word money because they believe that it is wrong to talk about economic matters for fear of having people think that they are trying to take their money. Additionally, some members may be bothered by this topic and will leave the congregation if it is mentioned. Those who dont have much money believe that it is Gods will and those who do, feel bad for having so much of it. Meanwhile, in other churches, the main topic is money. Money is mentioned more often than the Lord Jesus Christ himself. In this case, those who are not well off think that its because the are not right with God or that they are in sin; those who are well off believe the complete opposite. There are always people inside the church who say that it is not necessary to give tithes and offerings because the pastor is already well off or because he mismanages church funds. However, the reality is that it is our duty as christians to give; God is the only one in charge of holding people accountable. To want to assume the responsibilities of a holy God, is to ask for trouble. We have to know that when we give to the church, we are giving to God not to man. On one occasion my apostle sent me to a certain church to complete a mission. Some parishioners told me that they did not agree with the previous pastor and therefore

wanted their tithes back. With the guidance of the Holy Spirit I answered, Tell me, who was the tithe for? Was it for God or was it for the pastor? If it was for the pastor then Ill refund all of you; if it was for God ask him for a refund. Of course, they couldnt come up with an answer because they had understood what the Spirit had said. Hebrews 7:8 And here men that die receive tithes; but there he receiveth them, of whom it is witnessed that he liveth.

2 Fundamental Concept About Money


Like my pastor says, Money is a means not an end. If we change this order we risk falling prey to the temptation of losing the true vision of life which is to know, love, serve, and seek God and to share his word more with each passing day. The Devil did not invent money, God did. What man and the devil have both done is change the perspective about the nancial aspect of money. Many deaths can be traced back to money, many marriages have crumbled because of it, Countless parents and children have come to hate each other due to it. Greed and the power it holds have distorted the concept and purpose of money. Nothing is worth more than a life, a marriage, or a family. If the moment ever comes where you think more about money, how to save it, invest it, spend or earn it, than about God, your life and your family are in grave danger. The bible tells us: Luke 12:15 And he said unto them, Take heed, and beware of covetousness: for a man's life consisteth not in the abundance of the things which he possesseth. Money is mentioned in the bible 135 times and 21 out of those 135 are found in the New Testament. Meanwhile the word love is found 200 times in the whole bible and 125 times in the New Testament. This is not due to chance; every word was inspired and also counted by God. Money can never be more important than love but this doesnt mean that money shouldnt exist. When we look at the rst time money is mentioned in the bible , we see something truly impressive. Lets look at the following verse:

Genesis 17:13 He that is born in thy house, and he that is bought with thy money, must needs be circumcised: and my covenant shall be in your esh for an everlasting covenant. When it talks about the person being bought with money, we understand that it is referring to a slave and as we know, the bible never casually throws in a letter. Its as if it was prophesied, Money will end the same way it began, buying slaves. Read the following slowly: In the past, owners would purchase slaves, nowadays slaves are the ones selling themselves to owners, chaining themselves with paper or plastic chains that have the same effects as the real things. Some call them debt guarantees, credit cards, checks, etc. 1Corinthians 7:23 Ye are bought with a price; be not ye the servants of men.

03 Money, Money, Money, and More Money


Money as a fruit of labor or as an inheritance from our fathers, is truly a blessing from God. Like many things, money is not bad; it all depends on what use we give it and the place it holds in our heart. Perhaps the most important thing is the role we taken on with money. We are only temporary administrators and when we part, we will not be taking anything with us into the next stage of our existence. Haggai 2:8 The silver is mine, and the gold is mine, saith the Lord of hosts. This book intends to give you both options and advice using the bible, infallible word of God while also adding some of my own life experience in regards to this topic where I have always been able to see how our heavenly Father provides. This is an interesting topic because we all deal with it in our daily lives with our families, in our workplace, and in various other different places. It seems that not a day, month , or year goes by without a single mention of money being made. In each household, workplace, even in the street, comments about money can be heard. Take a look at the following examples: In the Home: The wife: The allowance you give just isnt cutting it anymore. Its always the same, I go buy things and everything just keeps getting more expensive, I cant deal with this anymore. The husband: The problem is that even if prices go up, my salary doesnt. I cant do anything about it, you should just learn to budget your spendings

The kids: These shoes arent in style anymore, I want new ones. besides, you guys only buy me clothes on my birthday, its not fair. Comment: In this case the problem is one that we must all solve together by working together (Its not easy and requires a lot of effort) in other words, it is a family issue. At Work: the employees: Other companies give you a raise after a certain amount of time taking into account ination (cost of living), but they dont care about us here. Seriously,for all that I do I should be making a lot more. I dont know what this company would do without me. I care about this company than its shareholders do but I guess thats how they repay me (note how its all about me). these people dont realize that I have nancial problems and that I need to earn more money. I need to be stable in order to give more but nobody understands the difcult situation that Im in. Comment: We need to understand that a lot of the time, we get ourselves into nancial problems and that we are the ones responsible for getting ourselves out of them. Nobody else but us is responsible for those problems. Now if the situation truly calls for it, another option is to seek a different job. In the Street: Everything gets more expensive with each passing day. Gas, tools, food, everything is ridiculously expensive. Its impossible to live in this country, the government does nothing for the people, and I regret voting for any of them. The truth is that the president

is to blame for all of this. He does nothing and keeps on raising taxes, taxes we cant pay. Everything was different before and we were able to make a decent living but now, its a miracle if we make it through the day. Comment: When we look for someone to blame, we will always nd somebody. That wont help us solve our problems; instead we should focus our efforts on things that will give us positive results. Everything else only serves to distract us.

04 Determining our Present Economical Situation


Before starting to work on a new project, we need to get the basic picture of where we stand in order to know how to proceed. The formula used for determining our current economical situation can be divided into two parts: The rst includes all of the income and assets while the second is made up of all expenses or monthly overheads and debt payments with the net or difference balancing either in favor or against. Due to this, the rst step we must take in order to increase, maintain, or get out of economic problems is to become aware of our current state. In order to accomplish this, we must do the following: In Favor: goods, assets, and income. Against: expenses, debts Net: Difference of goods and debts, or assets minus liabilities. The rst thing we must do is to dedicate time to completing this exercise, what some would call the break-even point. In order to accomplish this, we must do exact calculations. A lot of people may not do this exercise and will have only a vague idea of where they stand but there are certain details that we must know in order to execute it properly. We need to be more strategic and get a grip on reality, seeing the effects the past has had as well as future possibilities. Tell me what you have in your home or tell me what your current inventory is This is what the prophet demanded to know from the woman who has serious economic problems. Lets analyze the following biblical passage:

2Kings 4:1 Now there cried a certain woman of the wives of the sons of the prophets unto Elisha, saying, Thy servant my husband is dead; and thou knowest that thy servant did fear the Lord: and the creditor is come to take unto him my two sons to be bondmen. 2And Elisha said unto her, What shall I do for thee? tell me, what hast thou in the house? And she said, Thine handmaid hath not any thing in the house, save a pot of oil. 3Then he said, Go, borrow thee vessels abroad of all thy neighbours, even empty vessels; borrow not a few. 4And when thou art come in, thou shalt shut the door upon thee and upon thy sons, and shalt pour out into all those vessels, and thou shalt set aside that which is full. 5So she went from him, and shut the door upon her and upon her sons, who brought the vessels to her; and she poured out. 6And it came to pass, when the vessels were full, that she said unto her son, Bring me yet a vessel. And he said unto her, There is not a vessel more. And the oil stayed. 7Then she came and told the man of God. And he said, Go, sell the oil, and pay thy debt, and live thou and thy children of the rest.

Points to Consider:

Not only can bad management affect us personally, worst, it can make us drag our family into difcult situations due to our own poor resource management.

Children of God also go through economic hardships, even though we know that that is not the general will of God for his children. Unless of course God is working the person and wants to show them something specic. Its a consequence from not being diligent in certain things, for example: A father was not prudent, in our days this would be the equivalent of not leaving behind a will or a savings account.

There are doctrines that state that if someone has money problems then that person is not right with God. I believe, using the bible as a guide, that this is a lie.What then would we do with the following verse where Jesus states: For ye have the poor always with you Matt. 26:11. There are more verses similar to the one above.

Negligence in nancial management can cause a lot of pain in a family in ways that we cant imagine. Debts can bind us in such a way that can lead us to extremes such as divorce or even suicide. In the best case scenario it can take away your peace of mind and cause restless nights.

A good point to keep in mind is that this woman asked for help. This teaches us that we should seek help; especially from God fearing people. Nowadays, this task can be accomplished a lot easier for example, seeking counsel from your pastor, people with experience on the subject, books, courses, etc. But above all, prayer and the willingness to humble oneself before God in order to get ahead.

The essential question: What do you have in the house? In other words, he was basically asking her, well, have you calculate your hereditary equation? Do you know what you can and cant count on? Give me an over view of your nancial situation. The woman was not even sure of what she had or didnt have. This is why she answered, Thine handmaid hath not any thing in the house in other words, she had not taken the time to sit down and analyze the options available to her.

A lot of time the answers we are looking for are a lot closer than we think, but our desperation and afiction keep us from seeing clearly and only with the guidance of the Holy Spirit can we see things that escape our view.

We must be humble in order to resolve our problem. We can see how this woman lost all possible embarrassment she could have with her neighbors and asked for help. We must note that she did not care what they might think of her. They were probably thinking, This poor widow has truly gone crazy, she has no food whatsoever and yet here she is, going around asking not for one but many vessels.

She and her children were all put to work because the problem was not an individual one but a familial one. Getting everyone involved is important, keep in mind that although all of this happened through a miracle from God, there was earthly effort and work involved. We should never expect God to do all of the work for us, we must obey him so that he may bless us in great ways. Remember that although God feeds the fowl, he does not place the food directly into their mouths. They must go out and seek it. Notice: Every time they go out in search of food they undoubtedly nd it, as will a child of God who is more valuable to him than a bird is. (Matthew 6:26).

05 From Theory to Practice


In order to draw out your rst asset depreciation schedule, you must list the main items that can stand individually. When it comes to drawing one out for a company, things are done in a completely different manner. But for the purpose of this chapter, the following examples should be more than enough, even if the situation is an extreme one we must list the possible goods that would have to be sold in order to recover, should the situation warrant it.

As you can see, we must put reason before our own feelings, we must act thinking in our future and not in our past, its like a lot of people tend to say, but this was given to me on my birthday so Im very fond of it. If something needs to be sold, as hard is may be, it must be done in order to get ahead. However, if the person doing this exercise has more items in favor, they need only add them to the following schedule, so that we may answer the question posed by the servant of God, what do you have in your home? A lot of people dont like analyzing their economic situation due to many reasons such as:

Believing its not necessary.

Its extremely important that we know our current situation since we are directly affected by it.

Not wanting to face the harsh reality of the level of debt were in.

If we dont know how long a trip is, we cant possibly carry the right amount of fuel with us. It is our personal responsibility to know who were losing to and what were losing in our battle for nancial stability.

Not knowing how to do it.

If we employ the necessary time and apply not only the principle found in this guide but in others that cover this same topic, the rst time will be hard but afterwards it will become easy.

Pure ignorance about numbers and how important they are in our familial economy.

Customs and traditions sometimes affect us since we follow the examples set by our parents in regards to nancial management. Most of them managed funds in an empirical manner. We must break the mold and better ourselves in everything we do with each passing day, always making sure to include economical biblical principles.

Example of an Asset Depreciation Schedule, Stock and Goods in Favor of

Banks Demand deposit Bank x time deposit amount available

Amount

Comment Immediate availability 6 month availability

Banks Accounts receivable Accounts receivable 1 accounts receivable 2 total possible recuperation items for sale television sound system car add other sale total Grand Total

Amount

Comment

possible collection date possible collection date

estimate sale price estimate sale price estimate sale price estimate sale price

In accounts receivable we must keep in mind what the percentage of recuperation is and the amount of each one. We need to be realistic; for example, if someone has owed us money for a while and keeps telling us that they will pay us back but we know that they do not have the available resources to do so, we should not cross them off the list but we also shouldnt put the money down as something we can count on in the shortterm.

In the items for sale, the amounts must quantify at market value and not at the acquisition cost, especially if theyre in used condition. If necessary, this will let us know that we can do without these assets in order to get out of debts that we cannot pay off

with only our salary. I recommend that you copy and paste this schedule onto an excel spreadsheet so that you can perform calculations that will be of use later on. If you do not have excel, a pen and paper will do just ne.

Example of x Schedules, values going against

Past due payments rentals school tuition electricity other services total amount of past due payments accounts payable credit card 1 credit card 2 accounts payable 3 grand total difference of in favor of and against

amount

comment indicate last possible pay date indicate last possible pay date indicate last possible pay date indicate last possible pay date

due date and total interest due date and total interest

The difference is the result of taking the total amount of assets and subtracting from them the total amount of liabilities. Debt payments should be made based on the last available due dates and we must take into account the additional charges we face due to late payments as well as the interest rate due. For example, pay the electric bill is more important than paying the cable bill, because if we dont pay the former our electricity is shut off. On the other hand, we can live without cable, believe it or not.

Remember

We need to write down the things that are in our favor and those that are against us in order the determine our balance. If you dont wish to use the model provided in this guide, that is ne. You can use whichever model you choose as long as it gives you the same information and you are aware that you must not only do this once. It must be updated every 2 weeks or once a month, in order for you to see how you develop your self control when it comes to nancial aspects. It is necessary to project ourselves into the future.

Recommendation

We must learn how to exercise control. Ideally, we should keep these schedules in our computer but if you dont have one available, we can do these exercises with pen and paper. The important thing is to establish the habit of control. Once established, things will become a lot easier and I can assure you that being in control of our nancial habits will reap benets.

Galatians 5:23 Meekness, temperance: against such there is no law.

06 Determining the Ability to Pay


The formula for determining the ability to pay is income or assets minus expenses or liabilities. Next, I will thoroughly explain these items.

Income

In regards to net income, the ideal thing to do is to register the data of all accrued. This must be done without any discount, and later indicate the discounts made which could be, any type of taxes, loans, social security, etc. Remember that the tithe does not belong to us but that we must give it God and that we must also know how to calculate it. Throughout my years I have helped many parishioners and I have noticed that most of them did things wrong. The most common errors are the following:

* They would subtract tax deductions from their gross income, advances and other such things. In other words, they would calculate their tithe based on their deferred revenue and not on their accrued.

* They base their calculations on their set salary not taking into account commissions, bonuses, and other sources of income.

* They only give from their monthly salary not taking into account other bonuses throughout the year.

* When they have savings, investments, etc. they dont include them in their calculations.

* they have their own companies and when they receive their dividends, they dont calculate them in.

* They are behind on their tithe payments by several months and this causes many people to not pay the full amount due.

* they divide their tithe into several parts, one part for their current congregation, another or their former because they have feelings of attachment or because the church is need. And yet another part is to help out people in need. In the end, they end up giving 5%, 3%, and 2% for a grand total of 10%.

The aforementioned cases are completely skewed and anti-biblical. In order to understand these points let me explain the utilized terms:

Accrued:

All salary that is generated without any type of discount.

Deferred:

Total salary received, in other words, all applicable discounts have been subtracted.

When it comes to offerings, we are not obligated to pay it but rather, it must be done because of love and gratitude in our hearts for our wonderful God. Remember that if

tithing is by law than offering is by grace. Which should be greater? A lot of times, we wrongly assume that graces demands are less than those of the law, but lets look at some examples that tell us the complete opposite, in the famous phrase: Ye have heard, but I say unto you:

Ye have heard that it was said of them of old time, Thou shalt not kill; and whosoever shall kill shall be in danger of the judgment:But I say unto you, That whosoever is angry with his brother without a cause shall be in danger of the judgment: and whosoever shall say to his brother, Raca, shall be in danger of the council: but whosoever shall say, Thou fool, shall be in danger of hell re.

Ye have heard that it was said by them of old time, Thou shalt not commit adultery: I say unto you, That whosoever looketh on a woman to lust after her hath committed adultery with her already in his heart.

Again, ye have heard that it hath been said by them of old time, Thou shalt not forswear thyself. But I say unto you, Swear not at all; neither by heaven; for it is God's throne. These verses are found in Matthew 5 but we can clearly see that the requirements are greater under grace, so the question is: Can all of these principles be applied in everything but offerings? Expenses: First of all, we must take the time necessary so that we dont forget any of our expenses or disbursements that we have each month. When it comes to the expenses mentioned in the following table, remember to not forget the IRS.

Keep in mind all of the taxes you must pay to the government for example: rent/property taxes, municipal taxes, etc. In some cases, no monthly discount is made for these expenses but trimestral or annual ones are made instead. We must record all of our and expenses in the following manner:

amount net income expenses tithes offerings basic services, electricity, water, etc. rent groceries transportation total expenses net, income minus expenses The net that appears in the last square corresponds to the total income minus all of the expenses of the minimum vital, this leaves us with the balance or capacity to cover all of our debts Using this as a base we must assign priority to our debt payments. I have determined my ability to pay, now what? Once you have determined your ability to pay in other words, the net, following the order of the previous table, we will work with various scenarios: The net is negative.

The net is at an equilibrium, almost at 0. the net is positive. If the net is negative, that means that I owe more than I have available. If this is the case, we must divide every problem we have into several parts in order to apply proceedings in each part and to obtain fast and efcient results. Lets use the following equation to see what we need to do. Im in debt but, how much do I pay and how long till I get out of debt? In the short term, in the long term?

Calculation of antiquity and ability to pay Before analyzing the previous points, its essential that we determine the ability to pay. By ability to pay I mean the amount I have left to subtract from my net income, in other words, all applicable deductions and indispensable things have been discounted. See previous table. Short term debt A debt is considered short term if you are able to pay it off with your current income in the maximum time of 1 year. In order to determine if this is possible. Lets perform the following mathematical equation. Total amount of debt: 5,000 Available annual income to use towards debt repayment: 500 Months to pay off debt: 10 The 10 months available to pay off the debt come as a result of dividing 5,000 by 500.

Using this method we can determine wether a debt is short-term or not. If it is, we must have the discipline to not skip a single payment in order to pay off the debt in the allotted time which should always be less than a year. For practical purposes, we are not taking into account the interest due every payment, but when you do your own calculations you must take them into account. You need to know what interest rate youre paying in order to revise your payments every month. But dont get too condent because systems have been known to fail because they are made and operated by man. God is the only one who is never wrong so if you dont know your bank or credit card companys terms and conditions, you have the right to solicit this information from them. If possible, we should add more to our monthly debt payment in order to be debt free as soon as possible. However, we must check if we have a xed quote. This means that even if you make early payments, they will not lower your interest, it will only shorten your debt repayment. In this case, you might be better off saving your extra income instead of lowering your debt, as this will help with any unexpected expenses or investments. At this point I would call this a manageable debt that you shouldnt lose sleep over just as long as you dont stop making payments. If you do, it can turn into a long-term debts due to interest charges and this would only cause more problems. However, this situation shows us that we are not ready to accumulate more debt until we are done paying off all of our present debt. Then and only then can and should we evaluate if it is wise to take on a new one. A lot of people have not yet nished paying

off one debt when they take or plan to take on a new one and this is truly a nancial disaster. If only they would plan their savings the way they plan their debts.

Medium Term Debt


This type of debt can range from 1-5 years. In other words, depending on how much were able to pay each month, we should be able to pay it off in 5 years max. All medium term debt accumulate a great deal of interest. For example:

Debt Amount 5,000.00

Annual Interest 1,800.00

time it take for debt to double 2.78

In this table we can see the devastating effect debt can have, that a 36% annual interest rate, without principal payments, duplicates in 2.78 years. A lot of companies try to make it seem easy to pay off by saying things such as, only 3% monthly interest rate But the reality is that that rate is very high and we should seriously consider if buying something is worth mortgaging your future.

In this case our priority should be to reduce our payment time and our debt as much as possible. This is a very protable business for the bank and credit card companies but a complete nightmare for the person in debt. If we take the time to examine the cause of our debt, we will realize that a lot of the things we bought were needed at the time but that they certainly werent indispensable.

When assigning monthly payments we must base priority using the following:

a) Debts that risk seizure of bank accounts, income, salary, assets, or lawsuits of any kind.

b) Debts where a co-signer is involved. It is better to pay off these debts than risk pulling other people into it due to our poor judgment in nancial matters.

c) The debts with the highest interest rates also taking into account the amount due. This is because you may have a debt with a high interest rate but a low payment. In contrast, you can have a debt with a low interest rate but with a much higher payment.

d) when it comes to small payments, consolidating debts is convenient. It is better to owe one person or company $1,000 than to owe $10 to a 100 different people.

According to the graveness of the situation, we must also consider the possibility of returning the purchased good or selling others in order to obtain liquidity and pay off as much debt as possible.

Long Term Debt


This type of debt has a repayment time of more than 5 years. house loans are typically found in this category. In this case, we should consider using the services of a different bank in search of better options when it comes to interest rates in order to reduce our

debt repayment time although this depends on the state of our cash ow or ability to pay.

My net is close to zero.

This indicate that we are able to make all of our monthly payments and still have some money left over. In this case, the following can be occur:

I have enough but I just cant seem to save.

The goal is to start saving money. A lot of people say that they can only afford to save very little and that its just not worth it. Well Im telling you that it is always worth it because whats important here is forming a habit not the amount of money you have. Once you form this habit, saving money should be easy.

When the amount you are able to save is bigger, remember that it is very difcult for someone to become rich overnight. For most people its an ongoing process. Getting yourself into debt however, is extremely easy to do. It can happen due to bad budget management or because of the high some people get from buying things that give only momentary pleasure but long term trouble

We should ght to lower our expenses with a lot of effort and discipline so that we may be able to raise our savings. This is why keeping tabs on what items our money is being spent on is useful.

On a certain occasion I witnessed a case where going out to eat made up 32% of somebodys total expenses. Imagine how much these people would have been able to save had they only gone out to eat half of those times or not at all.

I have a positive net.

I have money to invest but I dont know how much or how to do it. Here we talk about available funds, knowing that one of the best investments is real estate that in addition to their low annual depreciation, they also gain plusvalue with time making it an excellent investment option.

We must diversify in the short, medium, and long term. If possible, we can save in any nancial instrument within our reach be it savings or monetary accounts, the medium term is where we invest in xed terms of 3 or 6 months this gives us a higher rate than a demand. Finally, this serve as a retirement fund in this case we must be careful about the method we choose since there are many retirement options and we can be negatively affected due to lack of information.

You might also like