➡️With which one is falling, what more could you ask for? ⬅️

After a pandemic like the Coronavirus, we all want to take time off for ourselves and more than one person has crossed our minds to create a company. However, what is being an entrepreneur? Are there special characteristics that these people have? Can we all be entrepreneurs? Are the skills I have the necessary and adequate to become a good entrepreneur?

Peter Drucker: renowned researcher, author of several books on management, indicates that the entrepreneur does not have special characteristics and that in themselves they are not necessary; that he has personally witnessed hundreds of cases in which ordinary people have performed very well as entrepreneurs. According to this definition, the entrepreneur can be anyone, regardless of the qualities he or she possesses.

However, current statistics show that there are specific factors that can determine, with a certain degree of certainty, whether an entrepreneur will have enough elements to properly run his business. For example, the ability to manage your workers .

It is not a secret to anyone that most employers in 2021 view their employees as another resource to manage within the company. They don't pay enough attention or time to you, and they don't care about your personal needs. The worker only has obligations to fulfill and instead I will pay him a salary when the company has the funds, in most cases they are convinced that they are doing a favor to society by meeting the established payment deadlines, because «with which you are falling, what more could you ask for?

This vision fractures the structure of the company and directly affects its performance. The employer has the duty to recognize and enhance the capabilities of its workers to incorporate their capital gains in the company. Treating an employee like your own family will allow you to strengthen the mission and spirit of the organization by ensuring the success of its operation in your presence and absence.

To be an entrepreneur you need the ability ad to create a business family, and trust her!

➡️Financial freedom, trading and personal development⬅️

Getting rich is not only having a lot of money, it is also making money work for you, it is having the financial freedom that time allows you. A great way to make money work is through trading.

Trading is characterized by demanding concentration, emotional control, patience and discipline . This can be learned and trained, although it does not allow great dislocations. It has the beneficial side effect that, little by little, you are getting to know yourself more and more.

Although you can exercise live on the parquet, in stock rooms, the most usual is operate through a computer . This brings the disadvantage that it becomes a solitary journey. Of course, if we feel like, we can operate in pajamas or on the beach contemplating the wonderful sunset of sunset.

The TRADING is a great trick in your favor, since you only need an Internet connection to operate, so we can do it in the house, or on vacation. This, which may seem nonsense, is immensely useful to achieve financial freedom that we pursue.

Although perhaps the most exclusive advantage of trading against business, real estate or ideas, it is the hour adaptability . This does, among other things, absolutely compatible with daily work, have the schedule you have.

Trading is a very flexible alternative . We can configure it custom, learn, train and debug until you find the method that best suits our life. Financial independence begins by making money from multiple ways to start acquiring assets. Trading is an alternative to achieve it as long as our mind is prepared to accept it.

In summary: Trading is the mix of financial science and the psychological component, therefore if you develop your mind you will enjoy your economic freedom!

➡️Emotional intelligence and psychotrading⬅️

Good emotional management is the key to becoming a good investor. Not only does it require knowledge of economics and markets, but also gaining experience, managing risk, knowing why you are investing, when to buy an action and what is its most profitable value, among other aspects. However, despite having the theoretical and practical knowledge that is needed for this, emotions control the result you can obtain and play a trick on yourself.

Poor management of emotions in the field of stock trading can hurt us. For this reason there is psychotrading, a discipline that combines psychology, economics and the world of finance, helping to understand how our emotional facet influences the sale of stocks, currencies and other assets.

Psychotrading or trading psychology can be defined as the control of emotions when operating in trading and carrying out stock transactions. Basically, it is the application of a good emotional intelligence in the world of the stock market and financial markets. For this, it is essential to have a good, consistent trading plan, and adhere to it rigorously from the first moment, avoiding that emotions, instincts and pressure cloud our judgment.

Any action that involves the use of money must be operated with discipline and reflexivity. It is logical that it is a bit flexible, since there are many times when we are presented with opportunities that we cannot ignore, however, we cannot allow what our heart tells us to take the helm of our economic decisions instead of having cold and calm mind, thinking meticulously and thoughtfully what to do with our money.

As traders we must be humble , you should not build castles in the air thinking that you are going to earn a fortune since there is nothing certain in this life. We have to disconnect from everything what is related to trading, because being obsessed will make us lose control, make risky and ill-considered decisions. Maintaining the routine, discipline and constancy in the trading strategy when operating, allows to avoid scares and uncomfortable situations.

And emotional intelligence is the control tool that guarantees success in trading!

➡️ When do travel loans make sense? ⬅️

Corporative Manager

Today, with the pandemic and the labor crisis that we are experiencing, we ask ourselves a thousand times: is it worth traveling? Is it really a good decision to spend the money I have on travel? will I need this money in the future?

I share my experience and my vision on this subject because I consider that the happiness of traveling is not compared to a good house, a successful bank account or a late-model car.

Nor do I think that traveling is impossible in these times of covid-19, like most of my family and friends; And if you have been planning a trip for a long time and you may have saved money for part or all of it, my advice is not to invest it in your trip and ask for a Travel Loan or Travel Loan.

It is always good to have money for unexpected expenses or emergencies that may arise. By using a travel loan, we can keep savings intact and pay travel costs in fixed monthly payments over time.

If something goes wrong in the future, we will have money saved to help pay for it, and we will win in two ways: by keeping savings intact and by strengthening credit history by paying off the loan. The next time we choose to borrow, we have more options in better conditions.

What is a travel loan?

A travel loan is usually a personal loan, a fixed-term loan, and without collateral. "Unsecured" means that we are not putting the home or other valuable property as collateral for the loan, and we are not in danger of losing that home or other property if for any reason we are left behind.

Lack of collateral can mean slightly higher interest rates, although exactly how high will depend on current market conditions and our personal credit score. “Fixed rate” means that whatever interest rate is agreed upon when the loan ends is the rate it will be for the life of the loan, regardless of what happens to interest rates nationwide. "Term" means the number of payments required to repay the loan, as well as the due date and the exact amount of each, is established at the beginning of the loan and will not change until the loan is paid in full, at least not without some type of refinancing approved by both us and the lender.

Some travel finance loans can be set up as "lines of credit," in which interest rates and a credit limit are set in advance, but the money is not distributed until we request it. The advantage of a line of credit is that you only take out what you need, when you need it, up to the maximum amount. Under this system, we only pay interest on the money we actually use; future needs can be managed, well… in the future.

Many lines of credit also allow us to "re-borrow" money that has been repaid. If we withdraw most of your maximum amount, for example, then over time we pay back about half, we would now have that percentage of the maximum amount available to borrow and use again. That means paying interest on the refund again, of course, making a line of credit similar in many ways to a credit card.

Any of the cases that we use to finance the trip: Line of Credit or Personal Loan, allow us to maintain savings, face an emergency situation at any time and demonstrate that travel loans have the meaning of happiness.

➡️ The best way to Finance Your Travel around the World⬅️

Office manager

When you evaluate how to finance your trip around the world, you can think of several options. There is no single option that is best suited to long-term travel financing. It really depends on the intentions and goals you have on your trip.

Traveling for 3 months or more, for many it seemed a total madness, especially because of the jobs and responsibilities we have but also because of the money that this adventure would cost us.

But if you clarify your intentions and objectives, you can decide what is the best way to finance your trip. I propose to know the best option that you can use to travel around the world.

Travel around the world without worrying about money

The idea is to build a portfolio of assets that generates enough income to cover our travel expenses on a regular basis.

For example, if we own an apartment or a house, we can rent it when we travel the world, and use part of the income to cover travel expenses.

If we work during the trip, it is another way to earn enough money to cover the expenses of the trip and generate the assets we need. If you want to travel the world without having to think about when to return, this could be for you. The term Digital Nomad during the pandemic covid-19 has almost become synonymous with long-term travel. In a nutshell, financing your trip by working while traveling means that you get to travel to the destinations you want while spending some of your time working to sponsor your trip.

The combination of these factors: renting properties and working as a Digital Nomad are the best way to finance your travel around the world.

➡️ Manage money during the trip⬅️

If we apply the tips from the previous article well: it is better to travel with financing , we have a financial budget for loose travel that allows us to designate a part to those unforeseen events that may arise.

I recommend adding medical expenses insurance to your trip even if you have part of it destined for emergencies. This medical insurance can be the same that you use in your country privately, which covers your expenses for 90 days on an international trip.

Your vacation will have the security you need in the face of the covid situation we live in and the return home will be pleasant without the stress of having spent all the money you had.

Leave this emergency money on your debit card and carry only a part of the budget in cash , the temptations to spend and the risk of losing everything due to a robbery will be less.

If you already bought the tickets for the tourist sites and the hotel in advance, you will not have to spend this cash and you save time from the walk in long lines as they are the most visited places.

Finally, and very useful for traveling, it is to record expenses during the trip . If you think about it, keeping a note on your phone with all the expenses will allow you to adjust the daily money and if you travel in a group or as a couple you will be able to control in the end how much each one owes to the other.

For this, all members of the group, for example, will download the app Splitwise and each person will add (in the group of the app) the payments they have made and if any of the members have paid them a part. Everything will be registered and you will be able to manage the money during the trip .

➡️ Is it better to travel with financing? ⬅️

Planning a trip in 2021 is becoming a difficult task to complete mainly due to the budget we have.

When we analyze the market offers in terms of transport, accommodation, food and tourist activities, we are invaded by insecurity and doubts about the trip.

That said, we could say that traveling without a financial budget can generate many complications such as: lack of money, inaccurate prices and others. Therefore, we prepare a detailed and accurate financial budget for the trip, taking into account the two most popular financing methods for it: personal loans and credit cards .

A personal loan offers a fixed interest rate, a fixed payment schedule and a fixed monthly payment, while a credit card allows you to charge the trip on the go and repay only the amount you borrow.

We may still doubt whether this is the most sensible decision in the world and which of the two financial instruments is the most appropriate for traveling. That is why I give you the following reasons:

You don't have to return it immediately

If you have a job with a low salary, saving money is more complicated and traveling is almost mission impossible. But for example, using a personal loan you can negotiate the repayment time (requesting deficiencies) and the installments to pay (fixed amount according to income), prioritizing your daily expenses while saving comfortably for the loan.

You have financial flexibility

You can request a loan for an amount greater than that adjusted in the financial budget. This will allow us to cover unforeseen travel expenses and when we have extra money to have the financial capacity to pay for emergency costs. Such travel expenses may be an additional fee on your luggage, hotel services not included in your pension, or tourist activities that we need during the trip.

Financial advantages of the loan over credit cards

Although credit cards are more used in travel than personal loans, they are dangerous instruments since they facilitate spending, they have higher interest rates than loans and some cards come with additional annual fees for maintenance and renewal.

If you are an impulsive buyer, having a credit card can be an eternal debt in which you will suffer financial losses despite enjoying the trip. While for loans we must pay lower fixed interest rates and that is why it is feasible to travel.

The lack of financial resources to cover our trip should not prevent us from achieving the planned getaway. The benefits of traveling: reduce stress and improve physical and mental health , definitely outweigh the disadvantages of taking a loan, making it worth the risk of debt and better to travel with financing .

➡️ Earning more money is not being richer⬅️

It is very common to think about earning more money to accumulate more wealth and buy more. This is a mistake that we must correct in order to achieve the financial stability that we long for.

To achieve this goal, let's start by clarifying something important: increasing profits is not generating wealth. They are similar concepts but generating wealth includes being able to save and invest .

For example, if you earn € / $ 1000 or more per month because you have an extra for commissions or you simply work more hours, this amount is to increase your earnings. But, despite this, you cannot make ends meet because the money is not enough, so you are not richer because you are not generating wealth.

We have this problem only because we are not financially educated to eliminate the habits of poverty that affect regardless of the profits obtained.

Financial education refers to the proper management of your money. Something as simple as: generate different sources of income , divide your bank accounts and invest in your mind.

Generating different sources of income is the extra or variable that we earn more in those hours worked in the same company or double salary for working in a different one. This monthly bonus should be transferred or deposited in a bank account other than the usual one, in order to convert it into wealth through savings or investment plans.

Investing in yourself is the best way to line your pockets and achieve financial stability. Changing your mind and habits of poverty allows you to improve the focus and perspectives in your life projects because earning more money is not being richer.

➡️ Control your finances in the face of the crisis⬅️

In the days that we live, finding a way to save or switch to a stable, well-paying job is like thinking about winning the lottery without even buying a tenth.

But I can tell you that this, like everything in life, is about knowing how to manage finances while maintaining absolute control of every penny you spend or invest in your personal economy.

The first strategy is to make all purchases with the credit card and establish a comfortable fixed payment fee, according to the expected income to be received and the limit granted on your card.

Second, do not plan all purchases for a specific date such as Christmas or the Three Wise Men. Ideally, take advantage of discounts and promotions throughout the year that allow you to pay for the same product at the lowest possible price, so practice financial patience .

Following this line, the third strategy is to control impulses and consumption. Advertising is synonymous with consumption that causes you to spend more money. Therefore, evaluate the quality-price and above all your true shopping tastes, prioritizing what you really need. Making a list always helps you focus on this strategy.

Fourth, do not buy when you feel sad or negative because you are going to spend more to feel abundant in those moments. Use those emotions to your advantage selling what you no longer like or don't fit. This will help you recover part of the invested cost and clear your ideas positively.

Last but not least, strategy five is to maintain a low level of debt and with the best interest rate. Using your income to pay borrowed money is more expensive than spending your entire salary on purchases the same day you receive it. If you learn to control your finances in the face of the crisis you will not have to borrow and pay extra in interest.