Why High Touch Is No Longer The Gold Standard

New technology debuts on a near-constant basis and has impacted multiple sectors, including the financial world. The electronic trading industry has grown by leaps and bound over the last decade, leaving many people racing to meet the new demands. One area where these changes are very apparent is how low touch trading has evolved thanks to the introduction of algorithmic trading strategies. To effectively bring in this style of trading to complement your current high touch strategy, here’s what you need to know.

The evolution of LT trading

Previously, low touch trading had a straightforward workflow that was quite simple. The buy-side sent its order flow via direct market access (DMA) routes from the sell side. However, DMA routes simply didn’t keep up with the increasing complexity of trading and now are being replaced by more sophisticated algorithms, which are computer-run and designed to execute orders based on a set of parameters to reduce costs and boost earnings. This has improved the quality of execution and also transparency, which has put more control back into clients’ hands in return.

Trade cost analysis to the rescue

For brokers, staying in step with such significant workflow changes was no small task, as staying competitive requires a thorough analysis and close scrutiny of client orders. This is where trade cost analysis (TCA) has been instrumental; it has shaped the ways algorithm order flow is managed. These days, many trading institutions use these systems to recreate workflows, which allows them to evaluate their trading network and execution quality on a system basis. The results give firms valuable insight they can use to gain an edge and avoid past mistakes.

Gaining excess returns on investment over the benchmark index is the goal of all firms, and low touch trading can help in this area because the transparency and level of detail are much greater here than in high touch trading, where human errors can make it difficult to perform an accurate analysis. This type of algorithm trading uses distinct parameters that are trackable over the entire life of an order, so strategy performance can be somewhat standardized to determine the best execution. Firms that disregard the value of TCA with this type of trading may be losing out on a revenue stream to complement their high touch side.

To take advantage of these new trading opportunities, firms need to give their clients an array of algorithmic trading strategies that produce executions that are both reliable and cost-effective.

Rising to meet these new challenges in a highly competitive market can be daunting at times, but finding the path to success is possible. Ultimately, it will require differentiating the strategy offerings and maintaining flexible, sophisticated technology that is able to handle a wide range of objectives from clients. Stay on top of the latest news and developments so your firm is at the head of the line and not scrambling to catch up with the competition.

The Real Reason How To Retire Overseas

Retire Overseas

To retire overseas, it is advisable to proceed in several stages. Indeed, the impressions during a trip can quickly fade when one settles for good. New questions arise, such as your autonomy, the ease of communication with residents or the quality of care services. With the options for retirement overseas, the deals are perfect now.

For people on the verge of retiring, wishing to go abroad for their retirement, the preferred destinations are such countries like Portugal, Spain, and Morocco, offering the advantages of proximity, the sun and a low cost of living. The weight of taxation is also invoked by the candidates at the start, hoping that their retirement pension will be less taxed there than at home, which is also generally the case. But expatriation is also accompanied by some difficulties (formalities, health concerns, homesickness etc.) that must be taken into account before changing the horizon.

Steps to be taken

Bank, Social Security, and Prefecture many such organizations are to contact in case you decide to settle down I abroad after retirement. As much knowledge, heavy administrative procedures await you. In particular, you must indicate your departure to Social Security and your pension funds to forward your pensions; inform your bank of your new situation and open an account abroad; anticipate a possible death by signing a contract that will finance the repatriation of the body. Also, ask your notary about the consequences of your move in terms of matrimonial property and inheritance. And make sure with the prefecture that your driving license will remain valid. If necessary, check that your pet meets the rules and local hygiene rules (vaccines, quarantine etc.).

Life level

A couple can be comfortable abroad with 2,500 Euros monthly pension. The attractiveness of the cheap life is the main motivation of the candidates for the expatriation. It allows many retirees who have lost purchasing power to regain some financial ease by dropping off. In fact, with a pension of 2,500 Euros per month, a household of 2 people will live very well in some exotic countries, even affording domestic workers. Nothing but the housing budget can be divided by 2 or 3, and the diet too, provided to avoid imported products. In Morocco, for example, the cost of living is 30% lower than in France, 40% in Senegal and 60% in Thailand. Unless you are a well-off senior, do not dream too much. Everywhere, at least in big cities and popular tourist areas, the standard of living is rising rapidly.

Health system

Outside the European Union, you will have to take out private insurance. Everyone recognizes it, the American health system is one of the best. What will happen if you settle abroad? No problem if you come back for treatment in the USA because your medical insurance will take care of you. But if you live permanently in the European Union, you will be cared for according to the country’s legislation. And it’s a bet that she will not be as protective as here. Outside the USA, apart from the few countries that have signed an agreement with the USA you are not covered. You must, therefore, take out voluntary insurance. Even take a private mutual to be better reimbursed and not to advance the costs in case of hospitalization in an unauthorized institution.

Tax system

The legal deductions applied to taxable income are sometimes 80%. Expatriation is often paying tax. You are at first almost exempt from social security contributions to your retirement (there is just a contribution of 3.2% on your basic pension and 4.2% on your complimentary). For income tax, the scale is often very attractive, at least in many countries that have signed a convention (otherwise you risk double taxation). Examples of tax shelters that are not too far away: Morocco, Senegal etc. These countries provide for 80% tax abatement on your income, provided you deposit them in a local bank account. But the real tax haven is Portugal.

The certificate of life

As soon as you know your new address, you must report it to your primary and/or supplementary pension fund which will send you the form required to pay or continue to pay your retirement. You must have a certificate of life completed by the competent authority of your host country (town hall, notary public) or, failing that, by the Consulate of your country and send it to each primary or supplementary pension fund to which you are affiliated. The periodicity of this document is usually one year. However, it can be quarterly, bi-monthly or monthly for some countries. It is imperative to do this so that you can continue to collect your pension in the host country because the non-production of this document interrupts the payment of your pension.


Whatever your reason for going abroad when you retire, it is important to take all the time you need to prepare for your departure and make sure you have good coverage when needed. Retirement overseas is a choice that appeals to more and more people nowadays. To sink peaceful days in the country of your dreams, make sure to settle all the details of your departure with professionals.

Final Deals For Better Money Saving

Money Saving

Money saving has always been a way of life for the thrifty. They spend with common sense to save money and create good financial stability and a better future. Today, most people are finding it increasingly difficult to save. With the high cost of necessities and modern needs, saving becomes more and more difficult, especially since the salary is not enough to pay all the expenses of the family.

Everyone would like for Money saving, whether it is to have a little cushion or to pay for a nice vacation or something else that is important to us. Yet, we often have the impression that money is coming out of our bank account faster than it enters, even when we think we are paying attention. To help you put a few dollars away without thinking too much, today we will discuss here some basic rules that you should put into practice!

Keep your coins yellow

Here is a little compelling calculation: set aside 0.50$ every day. In a single year, that’s almost 40% of a 500$ emergency fund.

Monitor your expenses

At least once a month, take the time to sit down and carefully peel your bank statements. Analyze all your expenses to see if they are really necessary.

Wait 2 days before making a major purchase

To avoid buying unnecessary things, wait 48 hours before making the purchase. This is a good tip for not having regrets. And, instead of having made a useless expense, why not think about it twice?

Avoid bank card fees

If you use a credit card, limit your purchases to what you can repay before the end of the month. It saves you from having to pay exorbitant interest rates. If you use a bank card, your bank surely allows you to have an overdraft. It is convenient for troubleshooting, certainly. But lose the bad habit of depending on this discovery. It will save you from paying back hefty sums.

Set a budget

Looking for an effective way to budget? Here’s how to do it – keep all your receipts for 1 whole month. At the end of the month, analyze the expenditures made. It will immediately give you an overview of your expenses.

Buy in bulk

Many non-perishable goods can be purchased in bulk, either in Costco style stores requiring a membership card or in super specials in your usual grocery stores. Then line up your tablets with cleaning products, toilet paper, and paper towels, basic body care products, tin cans, pasta and rice, non-refrigerated juices, oils, etc. Stock up on these products when prices are the lowest.

Monitor your expenses

Most people do not monitor their expenses at all. As a result, they spend more than their budget allows. Here is the solution to monitor your expenses closely: simple envelopes. Set a budget for each of your expenses: transportation, shopping, entertainment, etc. Then put the money you need for each expense in envelopes. It’s a safe and convenient way to avoid exceeding your budgets. Moreover, it allows you to set aside the money you did not spend at the end of the month.

Avoid restaurant meals

Make your lunch, and bring to the tea room or even your mini-coffee machine to save on the expensive (and very bland) coffees of the machine next to the elevator and lunch from the takeaways.

Evaluate if you can afford a purchase

Here is an excellent method to determine if we can really afford a luxury purchase. Set aside the amount you usually spend for a little pleasure. For example, you buy something that makes you happy (1 pack of cigarettes, 1 bottle of wine or 1 pack of beer). Set aside (in a jar for example) exactly the same amount you spent on this purchase. If you can’t afford the “jar amount”, it is very likely that you can’t afford that good bottle of vintage wine.

Rate the price of things in hourly wages

Take the price of an item that interests you and divides it by your hourly wage. For example, a pair of shoes costs 60$ and you earn 10$ per hour. Are these shoes really worth 6 long hours of your work? It puts things in perspective.

Focus on short-term savings

You are more likely to save money if your goal is short-term. It makes sense: setting aside $10 per week seems immediately easier to achieve than setting aside $500 per year.

Buy wholesale on the internet

Several suppliers and online stores offer delivery charges if the order exceeds a certain amount. Take advantage of this offer by ordering promotional items and non-perishable items. It saves time and money.


So, to sum up, we can say that to save money and get rich, we must live a little below our means. Live so you do not spend all you earn and keep some that you can save. Saving money is not as difficult as it sounds. Of course, you can’t put money aside without making some changes, but when you can finally pay the bigger purchase of your dream or for your child’s education you certainly will not regret your small sacrifices, and even be tempted to pay more attention to the future!

Benefits of Cash back Credit Cards

Cash back Credit Cards

Many credit card companies are attracting potential customers with offers of hundreds and even thousands of dollars in cash return bonuses. Credit cards that offer rewards can be valuable to make purchases on credit, especially cash back credit cards that are becoming more popular. Even so, experts warn that credit cards with rewards are only rewarding if you have a strategic plan to manage the debt.

Before purchasing a credit card in the hope of getting a cash reward to consider a few aspects.

Annual fee of the credit card you are considering taking

Some credit cards reward their cardholders with a credit card without annual fee. Others don’t. In fact, some cards have annual fees between $500 and $ 1,000, even for adding additional headlines. Before having a credit card with cash back, check the fine print of the annual fee. Often it is not worth opening those high annual rate credit cards.

If there is an annual fee, you will have to weigh what estimate you will receive in cash return bonuses, against the dollar amount of the annual fee. If you think you will earn more in cash return bonuses than you can pay in the annual fee, the card could be a good business. If not, it is simply a waste of money. Also, there are a lot of cash back cards that do not offer an annual fee, so you should take a look at those cards before you consider having them.

What percentage of cash back is being offered

Each card has different parameters regarding the percentage of purchases that will pay in cash. For most purchases, you will receive between 1 and 2 percent cash back. However, many cards offer a higher percentage of cash back for certain categories, such as gas purchases, restaurants or purchases at department stores or specialized stores. It is always advisable to compare the cash return percentage categories of each card with the spending habits of your own family before choosing a cash back card. It is also important to keep in mind that most cards have return limits. When comparing cards, consider what the total cash limit for each company’s card is.

Interest rate of the card

This is another very important point to consider while choosing your credit card. While some cards have reasonable interest rates of 10 to 12 percent, others have astronomical rates of 25 percent or more. Again, it is important to read the fine print before accepting any credit card offerings so you can be sure of getting the best possible interest rate.

It is also important to make sure that the amount of interest you pay each month does not exceed the amount of your cash return bonuses.

If you have the habit of paying your credit card balances in full each month, a cash back credit card is a great offer and you will not have to worry about paying interest. However, if you have the habit of carrying card balances from one month to the next, you may want to think twice before requesting a cash back card to avoid paying more interest than you would have on other cards. If you can find a cash back bonus card that has a lower interest rate than your current credit card, it might be worth the change. As always, it is suggested that you settle your debts as soon as possible so that you have more freedom in the use of your money.

If you have evaluated the above parameters and decided that a credit card with cash back is the best for you, it is important to look for the best return plan. Here we will discuss two cash back bonus cards that could be useful to you.

The Citi Double Cash Back card

From Citi’s website: “The Citi Double Cash Card is a cash back card that rewards you with a money back twice with an unlimited 1 percent on purchases, plus 1 percent while paying for those purchases.

The Citi dual card also offers an annual percentage rate of 0 percent on balance transfers during the first 18 months (no cash back on balance transfers), no annual fee and occasional promotional offers when percentages increase bonus for cashback.

The Visa Signature Fidelity Rewards Card

The Fidelity Rewards Visa Signature card offers a 2 percent unlimited cash refund on all purchases. In addition, the reward points never expire. Other benefits of the Fidelity Rewards card include:

  • No charges in the annual fee
  • Concierge services
  • Zero liability for fraud
  • Exclusive travel and shopping offers

Both cards are classified among the main cash back bonus cash back credit cards currently on the market.


Cash back rewards cards can be a great way to bring a little extra income into your home, provided you have followed the above parameters and made sure that the interest paid and the annual fees do not cancel your bonus rewards. Consider using a reimbursement card in cash for your monthly purchases as a step to move toward your financial independence process.

Family Budget – Tips to Manage Your Finances Effectively

Family Budget

For many people, keeping a budget and sticking to it is primarily a constraint. Somewhere, actually, putting yourself in a barrier is a constraint. A bit like children who have rules to respect, it is ultimately to be freer.

The idea of budgeting is to be able to pay bills, put money aside and have fun without regret. Have you ever discovered that your account balance was close to zero without really knowing where your money was? By dint of small pleasures, we often end up finishing the month in the red. This is why budgeting is needed. Here we will discuss the ways and methods of preparing a family budget. Making a family budget may seem difficult, but as soon as the decision is made and the action started, everything seems easier. First of all, you have to download an excel file to be able to establish your budget.

You must list all of your expenses and your income

This is one of the most important steps when dealing with a budget. You must list all of your expenses: fixed, variable, exceptional expenses and your income.

  • Incomes include wages, family allowances, alimony etc.
  •  Fixed expenses include children’s education, School Insurance, rent, internet, and phone bill, taxes etc. Variable expenses include gasoline, food, clothing, hobbies etc.
  • Exceptional expenses include the extracurricular activity of your child, repair your car etc.

Put an order in your expenses

Once you have done this you will see more clearly about your expenses. You will be able to analyze all your expenses and to try to cut short on these. If you are wondering how you can reduce this type of expense, you can change housing and opt for a smaller area. For example, you can pick up your child at noon and feed him or her to avoid paying the canteen. You can also change the phone plan and take a low-cost package.

Operate by a budget envelope

You will budget your variable expenses, and determine an amount to allocate to them. For convenience, you can withdraw the cash and put in different envelopes by marking the type of expenses. By averaging your purchases from previous months you can determine the amount that will be allocated for each envelope.

Calculate your family budget

To calculate your family budget, nothing simpler is enough to make this formula: REVENUES – CHARGES = AVAILABLE BALANCE. Once this calculation is done, your balance is either positive or negative. If it is negative despite the fact that you have reviewed your expenses, you must increase your income. You can round up your ends of the month and multiply the sources of income in order to balance the accounts. If your balance is positive, you have saved money. These savings can be allocated to your projects, be available in case of a hard blow, or unforeseen expenses.

Save at the beginning of the month

The amount you decide to save every month must be withdrawn from your main account at the beginning of the month before even paying all your other expenses. Many of us work the other way around, that is, we save at the end of the month once everything has been paid and there is not much left. Remember that savings are the basis of good budget management. The more efficiently you manage your budget the more money you put aside and the more you can anticipate the different expenses. As a result, you will manage your budget even better and put more savings aside, this is called a virtuous circle. To determine the amount to be saved, set your goals according to your life plans: holidays, investments, child education etc. However, it is advisable to have precautionary savings, which it will serve in case of hard cost, unforeseen events.

Set up automatic transfers

Managing family accounts can quickly become tedious and without a minimum of organization, it can quickly become complicated. The best way to automate the management of your accounts is to set up automatic transfers for fixed expenses such as rent for example. Automatic transfers to the joint account must be scheduled on the same date. This will prevent you from digging your overdraft or juggling your savings.

Centralize your accounts in one place

To centralize your accounts it is advisable that you use an application that can synchronize multiple accounts. With these applications, you can have a view of all of your accounts, regardless of the bank. You will be able to create budgets for each expense item and you will be able to see them all together. These apps send you regular notifications to warn you that a big transfer has been made or just to give you your account balance. The goal is to make it easier for you to avoid logging into each of your bank accounts.

Look often at your accounts

Looking into your accounts often allows you to anticipate your next expenses based on your account balance. Anticipation is one of the bases of good family budget management.

Do not delegate all financial management to your spouse

Between a couple, there is necessarily one of the two who will take over the management of the family budget, but you still have to keep an eye on it. You have to make a point on your 2 ways to manage your budget and take the best of each.

Keep a budget for leisure

Do not put your entire leisure budget on the attached account. You must have your own money that you can spend as you see fit. This will help you to avoid being accountable for your expenses, and that will avoid any frustration on both sides.


Money does not make happiness, but it can sometimes give a big boost. You have to learn how to maximize each dollar raised by combining an income that is often highly variable with multiple consumer incentives. Establishing a budget is not as tedious as it seems and the result is always positive. This helps to achieve specific financial goals, target priorities, reduce stress, anticipate unexpected events and avoid the consequences of over-indebtedness.

Everything You Need to Know Before Taking a Car Loan

Car Loans

The process of buying a car is rarely done without funding. If you find that the field of car loans is complex, then to help you understand the basics of financing at a car dealership we will here discuss the in and out of car financing.

The first step is to validate your credit rating. This is the basis of all loans. The higher your score, the easier it will be to get a loan for your future car. If you paid regularly for your previous credits your rating will be maintained at a good level. But in case the situation is not that favorable for you here are the solutions:

1. If you have never obtained credit

If you have never applied for financing, you can access credit in a number of ways, the two most common ones being:

Appealing to a co-applicant (endorser)

The dealer will verify the credit rating of your co-applicant. To endorse you, he will have to have a good credit record. The endorser has to commit to guarantee the loan in the event of default. In addition, you should also know that the loan endorsed will be registered in your credit file as well as his.

Join the first buyer program

This one allows you to obtain financing, provided you fulfill certain criteria. You may have to provide proof of work of at least 3 months and proof of income and/ or deposit an amount in cash. You may have to respect a maximum amount to borrow for a first loan.

Performing multiple credit applications in a short period of time can affect your credit rating. For example, applications for a vehicle loan, for furniture, a house, or credit cards in large numbers in a very short time can make future creditors more cautious.

2. If you had difficulties in the past with your credit rating

In case you have already borrowed, but you have not been able to fulfill your payment commitments, it is still possible for you to get a loan through second and third chance credit to your dealer. Of course, compliance with a variety of different criteria will be required.

A second or third chance credit loan can help you, gradually, rebuild your credit rating. Financing a vehicle is considered to be a long-term loan will demonstrate to creditors your willingness to meet your commitments.

Different interest rates

There are two types of rates, usually associated respectively with the purchase of a new car and a used car.

Preferential rates

Usually reserved for new vehicles, most manufacturers’ rates are between 0% and 3.99%. The interest rate offered at the time of your purchase will be set by the manufacturer according to the model of the chosen vehicle and the term. It will be much the same everywhere in the USA.

Standard rates

Usually reserved for used vehicles, they vary between 3.69% and 9.99%.

The terms of repayment

To establish a term that suits you, you will have to rely on your personal budget and the management of your finances. If your credit rating is good, it will be up to you to set the amount you can pay per year and determine the terms of payment. Choosing a payment frequency, weekly, biweekly, or monthly will not make a big difference to the interest paid in the end.

You can then think of the term: that is, how many months you would like to repay your loan. Sometimes, you will prefer to repay your payment over a longer term to have the desired model of vehicle with the monthly payment fixed at the beginning. Also consider the possibility of giving a cash amount, or leaving your vehicle in exchange to adjust your monthly payment to your initial budget. In the case where the dealer takes your vehicle in exchange, this allows a tax saving. An on-site advisor can offer you several options to get the monthly payment that fits your budget.

All funding terms such as weekly, bi-weekly, bi-weekly or monthly are not available in all financial institutions. You must, therefore, agree in advance and validate the options available at the dealership.

If you want to sell your vehicle before you finish paying

If you want to sell your vehicle, you have several options, the two most common ones are:

You can leave the vehicle for sale at the dealership when you buy or lease a new vehicle. If there is still a link (that is, there is always an active balance on the loan) on the vehicle left in exchange, the dealer will send a check directly to the originating financial institution. Although the dealer often gives you less than the market value since your vehicle is dedicated to resale, you could save tax on your purchase. For example, if your new vehicle costs $ 40,000 and the dealer gives you $ 10,000 for your old vehicle, you will pay sales tax on only $ 30,000.

You can sell your car to an individual. In this situation, you must make sure you have repaid your loan in full. Several rules govern the sale to an individual, particularly with respect to the QST. Ask the SAAQ in advance to avoid unpleasant surprises. A buyer may and should ask you for proof that the vehicle is royalty-free, that is, the debt is fully paid at the time of purchase. It may require an official document from the Register of Personal and Movable Real Rights (RDPRM). You will have to shell out a few bucks and enter your serial number to get it.


when you decide to buy a vehicle at a dealership it is advisable that you talk to a consultant who can accompany you. Feel free to express your needs and budget right from the start. By having this basic information, they will be better equipped to allow you to buy the vehicle that meets your needs and your budget. It’s their job to help you be happy with your purchase.

How to manage your personal finances wisely

Personal finances

You can make a lot of money but if you do not know how to manage your money, you will encounter difficulties. To manage your personal finances well is essential to advance and not to be a simple average consumer.

If you are about to get your finances in order and optimize them, it’s probably because you have a plan in mind. You need motivation. This motivation can come from goals that you have set, such as becoming financially independent, leaving your comfort zone and going around the world next year, buy an apartment etc. Whatever your goals, find a reason why you need to optimize the management of your finances.

To overcome the challenge of personal finances, nothing beats good planning and motivating goals.

1. Define your financial goals

Buying a first home, starting a family, retiring at age 60 or traveling several months a year: these are all goals that make you dream. If one wants to realize one’s dreams, one must start by setting financial goals. Also, good financial planning is the key to success.

When defining your goals, you have to think in the short and long term. What do you want to accomplish in the coming months? Can you save enough to afford the much-deserved trip after a busy year? Should you instead start contributing to an RRSP? These are short-term goals.

Those who are beyond the six-month or one-year horizon are in the middle term, for example buying a first home in three years. In the long term, it is normally our life projects.

The benefit of setting financial goals is to realize what financial measures are needed to achieve them. If buying a first home seems unreachable when you’re 20, it becomes more realistic when you set a monthly savings schedule.

2. Make a personal budget

The personal budget is the everyday tool to achieve its goals in the short, medium and long-term. It keeps track of our income and expenses and gives us a clear picture of our financial situation. Many people avoid making a budget because they believe that it is necessarily binding. A budget is above all a matter of choice. We must first stop prioritizing spending, and then have the discipline to make consistent decisions every day.

Personal finance advisers also agree on the importance of establishing a financial cushion that is equivalent to three to six months’ salary, for contingencies. If you lose your job or a loved one falls ill, you can continue to pay your rent and expenses until the situation is restored.

3. Understand the rules of saving

The budget also includes the savings. Saving early is a highly profitable strategy because every year, you usually make a little profit from the money you save. Because savings usually generate interest. For example, if you save $ 10,000 at an annual interest rate of 2%, you will have $ 10,200 at the end of the year. You are getting $200 more without any effort. If we repeat the operation every year, the amount that becomes fruitful becomes even more important, especially if we regularly save.

4. Reduce and eliminate debts

Do not wait until the debts crush you before taking the situation in hand. Eliminating them as soon as possible will have a lasting impact on your future financial health since the longer you drag a debt, the more expensive it becomes in the end. It is possible to reduce one’s debts by cutting some non-essential expenses in one’s budget, by always paying the minimum and repaying the largest loans first.

5. Manage your money according to your profile

If you are a student you must have to juggle classes, jobs, part-time work, tuition, and books that are sometimes very expensive. To avoid getting lost in the whirlwind of a young adult’s life, an adopted budget is the key. A student can focus on his studies, without financial worries. Many students even choose to work only in the summer, as they plan their spending well throughout the year.

If you are a parent the birth of a child causes a lot of upheavals, especially in financial terms. Not only does it cause a lot of expenses, but it often causes a drop in income for parents, who take parental leave. According to a study a toddler can incur up to $ 3,000 in extra expenses per year for a household, while it takes about $ 4,500 a year for a teenager. It is better to plan it in your budget if you plan to start a family.

If you are retired the retreat is obviously made for fun, but that’s no reason to lose sight of your finances. Retirement is often accompanied by a decline in income, so expenses must also follow. Of course, a well-planned retirement will be more enjoyable, as it will not result in a significant decline in the standard of living. That’s why starting to save early should be a winning strategy for everyone’s lives.

Signs that your personal finances are doing poorly

  • When there is a balance on the credit card at the end of the month: The credit card is a source of short-term credit that should be paid back monthly. Interest rates are too high to make another use.
  • When you are unable to save: Savings should be a budgeted habit in the same way as any current expense. We deserve, after all, that a portion of the hard-earned money goes towards our projects, not just the cost of living.
  • When there is a gap between your priorities and the reality: if you are feeling overwhelmed by your financial situation because you are unable to invest in what you deem important, is undoubtedly a big red flag.


From a personal development perspective, we all need money to make our projects a reality and achieve our goals. It is possible to have projects that do not take into account money, certainly, but in our life, money allows many things. To find accommodation, to plan a trip, to organize a wedding, to invest, to even simply, to provide for one’s needs, money is necessary. Money is not an end in itself, money is a means.

4 Easy Ways to Make Extra Money Online Without a Real Job

Extra Money Online

You do not need to get another job to make extra money. You can make money by listening to phone calls, telling jokes, even browsing grocery. Most of us have a traditional 9 to 5-hour full-time job where we work 40 hours a week. But with wages so low, most of us are still struggling to pay our monthly bills and our daily expenses.

Unfortunately, even if you want to get another job, the national unemployment rate will not make it easy for you. So you are stuck with your poorly paid work. But there is good news… you can make money by working full time. There are even ways to make money without work. And we will discuss with you some of these options. And surprisingly, some of them will earn you more money than your current job! And at the very least, you will be able to earn enough to cover a few monthly bills. When you work full time, the last thing you want to do when you get home from a hard day’s work is to leave. But to make extra money, you do not even have to leave your living room. All you need is the internet and your internet-connected device. To make extra money this is important now.

1. Evaluate websites

How many websites you visit daily, pay you to use them? None. But there are sites that pay you to test them? Sounds surprising but there are companies that pay people to spend a few minutes on their site, to navigate. All of this is part of what is called “user testing”. They pay you so that they can get comments and improve their site. Getting direct feedback from the average daily user and implementing them is a proven way to make your site a better, more user-friendly site that will allow you to get more customers and more sales.

The only problem is that it would take too much time for each company to find volunteer participants one by one and set them up for website testing. This problem has been solved with the introduction of website test platforms that connect webmasters with visitors. These platforms serve as intermediaries between webmasters who want to perform user tests, with visitors looking to make extra money as a site tester.

2. Make money by listening to phone calls

How many times a day do you listen to voice messages and messages stored on your phone? But you’re never paid to listen to your voicemails? But there is a way to make money by listening to voice messages? There is a disadvantage though; that they are not your voice messages! In fact, they are not really voicing messages, they are recorded calls.

You must have had experience that when you call the customer support of any company, the operator says something like “this call is registered”. They record them so that they can listen to them later and review the performance of their customer service representatives. This is how they improve their customer service over the phone. You can make money by listening to and examining these same calls. Thanks to a company called Humanatic which helps hundreds of companies review their recorded calls by recruiting independent reviewers.

To start, all you need to do is: register yourself for free. Link your PayPal account so you can get paid. Next, apply for the available revision positions that interest you. Get paid once a week. The advantage of working with such a company is that you can create your own schedule and get paid every week.

3. Perform Virtual Assistant Tasks

In this type of job profile, you are paid to shop online. Shopping here refers to digital or online shopping. It’s basically working as a virtual assistant online. And the good news is that you do not have to go out and get customers. There are already platforms where customers and VAs can be located. You can do all kinds of simple tasks and get paid for them. For example: Make calls to service providers or schedule appointments, buy tickets for events and trips or book hotel rooms. You are paid per task from $ 3 up to a few hundred dollars or more depending on the task. Some of these platforms will pay you via PayPal and others with a cheque.

4. Get paid by giving opinions

There are times you bought a product or service that you thought could improve and that you knew how to. Would not it be nice if these companies paid you to tell them what’s wrong with their products and services? There are companies that pay you for your opinion because it helps them to improve their products and even to develop new products of better quality. To join, sign up for these survey panels for free, complete your profile, and each time a survey matches your profile (for example, a manufacturer may want to get feedback only from the 20 to 30-year-old winner 40,000 $ per year), you receive an invitation.


Everyone needs making extra money from time to time. Even though this money will not make you rich, it can help you break your deadlock or pay off your debts. It helps you get started. But as with any adventure, it begins with a first step. Having money quickly and legally is easy if you know how to do it.

Familiar With Personal Finance Management – Are You?

Personal Finance Management

Managing your savings well can mean many things, from being careful to save to achieve your short and medium-long term goals, to have a smart investment plan.

We are forced to manage our savings and often, given the times, to invest them in the hope of getting something more. But how many are we really aware and prepared on the subject? Proper personal financial management tips are essential to face the problems of each month with serenity and the unexpected always lurking. The software helps if used to deal with situations with a method.

A few Tips To Finance management

Proper personal financial planning is made up of many small attentions, dedications and perhaps the help of some specific tools, but the main component is our attitude and our behavior. The personal financial management tips planning is not made of great secrets but from many small measures, common sense and tricks that we all know but it is easy to forget. It is not always easy to save money for renovations, but home-spending software is a great tool to help you manage your savings better.

Understand your financial choices

To understand what is best for you, you need to start from the basics. All this, through simple questions such as: “For what type of expense, you find yourself more comfortable between, for example, holidays, the new car or insurance for our children?” “When you save a figure, even if small, do you prefer to spend it on a short-term pleasure or a long-term peace of mind during retirement?


After understanding the objective to be pursued, you need to understand how to achieve it, without losing sight of it, by implementing an attack plan. The beginning of all this can simply result from greater daily attention to the use of your money. To know in fact what are the everyday expenses that you can exclude is the easiest and fastest way to start saving without any sacrifice.


Once you have categorized your every expense, you can understand where you can save and where not. It would be enough to simply use some tricks such as not using a credit card in stores but only cash or trying to buy basic necessities when they are in promotion. Monthly expenses, or in any case on a fixed basis, are a part of one’s own important and difficult budget to manage.

Your future

Applying all the “tricks” exposed up to now is not easy, but it is the best way to achieve a result in the future. It does not matter your age or the type of work does because the sooner you start the better you get. One of the most pressing needs in the personal financial planning of a young person is the purchase of the first car, a symbol of independence and perhaps also of freedom.

Increase investing

The best way to fully exploit the potential of your savings is to invest. The market helps us in this, also providing us with highly efficient and well-diversified tools that help you to receive attractive returns without taking too much risk. Financial investment experts all agree to stress the importance of starting to save money as a young person, to have a stronger foundation for the future. Yet today’s young people do not seem to start saving before their parents, indeed, they always start to worry about their personal finances. Once your savings have grown enough, the time has come to invest them.

Set a savings goal

Some people are hardly motivated to save money, especially in times when there are so many expenses. But this should not stop you from doing it. Setting a goal is a simple and useful method to help you and increase your motivation. In this way, rather than thinking about the money you will have to keep aside each month, you can concentrate on what you can do once you reach your goal. Investing your savings is a smart choice because it will allow you to guarantee their value over time and not let it fall due to the inflation effect.


Personal Finance Management Tips allows you to monitor your assets and improve your financial situation. For monthly cash flow, you mean the difference between all your income (salary, interest, royalties, etc.) and all your expenses (rent, bills, and miscellaneous expenses). As easily understandable, your goal must be to grow cash flow as much as possible in order to grow your assets and improve your financial situation.

All of the above does not work if we do not commit ourselves to pursue our goals every month. Often this is difficult, but there are various ways to not give up. The first and most important is to always keep in mind the goal and make it as real as possible, that is not to say that you want to accumulate a certain amount but allocate it to something material, like a house, a car or other, giving space to your imagination and your needs.

Top Books to read absolutely on Wealth, Success and Personal Finance

Personal Finance Books

Economics and finance influence politics but above all naturally the daily life of each of us. This is why it is important to know the basics of the economy. Often, however, this subject is neglected in the school programs: therefore it is necessary to gear up as self-taught.

The titles dedicated to the world of economics and finance are really endless and sometimes you do not know where to start. But here you find a selection of books for non-professionals. They are essays dedicated to the economy, its history, and finance. In short, if you are looking for texts that explain economics and finance in a simple way, here are a few economics books for beginners and enthusiasts, in order to start off on the right foot. The personal finance books are there with all the supports.

Rich father, poor father – Robert Kiyosaki

Start with a classic, almost a novel. This book starts with financial literacy that is unfortunately not available in schools. The councils are therefore dispensed in an anecdotal manner, always underlining the importance of achieving financial independence and illustrating some principles on how to obtain it.

The richest man in Babylon – George S. Clason

This book aims to solve personal problems related to money through the eleven ancient Babylonian parables. Clason returns to Babylon, where he supports the roots of our systems and our monetary beliefs and, studying with him their ancient anecdotes we can, as we were citizens of that great civilization, appreciate the value of money, acquire sound procedures of financial management and earning more.

The Millionaire of the Accanto Door – Thomas J. Stanley

The book traces seven simple rules to follow in order to become wealthy people with a net worth of over one million dollars. The book is, in fact, a research done by the two authors on the profiles of some millionaires.

The automatic millionaire. A one-step plan to get rich – David Bach

As the title clearly summarizes, the author is a great proponent of the need to automate his financial life between savings, common sense, the ability to live within their means and the understanding of the concept of “always paying oneself first “.

How to treat others and make friends – Dale Carnegie

The book was first published during the Second World War but is still a best seller to date. What does this book focus on in a list of texts on personal wealth and finance? In fact, it is not strictly related to the management of money or investment the pursuit of financial freedom goes beyond what is money and financial techniques. It also includes psychology, the motivation of life and the stimulus towards the pursuit of a happiness that seems increasingly elusive.

A stroll through Wall Street. A random walk down Wall Street – Burton G. Malkiel

This book is an interesting read for all those who want to understand more about why it is almost impossible to beat the market and why to follow the advice of some gurus, can be detrimental to their financial health. The author dives into the maze of behavioral finance, which studies the social psychology of investment decisions.

Rise and decline of money. A financial history of the world – Niall Ferguson

Knowing history, believe it or not, is now more important than ever and Ferguson illustrates here his studies of courses and appeals of the financial history of our world. It also goes from the dynasty of bankers who financed the Italian Renaissance to the economic bubble that caused the French revolution. Here you find things about our expansion that few have written before and as mentioned, there has never been a better time to understand something about the rise and decline of money.

Think and enrich yourself – Napoleon Hill

A motivational best-seller on personal development with over 50 years of life inspired by a suggestion from billionaire Andrew Carnegie, owner of the world’s first billion dollar company. Hill has studied the characteristics of those who have achieved great wealth and developed thirteen principles to allow anyone to achieve success.

Do you have a parachute? The art of finding your work – Richard N. Bolles

Since many cannot or simply do not want to become entrepreneurs, this is the bible for job hunters or people looking for changes in their careers. The latest published edition was clearly written taking into account the many people who have lost or are at risk of losing their jobs due to the economic downturn since there are also tips on how to tackle difficult times and save money.

The seven rules to succeed – Stephen R. Covey

Covey tackles the topic of success with an almost holistic approach, focused on solving personal and professional problems. With insights and anecdotes, he reveals, step by step, how to live with fairness, integrity and other principles to achieve the security necessary to adapt to change, gaining wisdom and ability to exploit the opportunity that change itself creates.


If you do not have a plan for the future, someone else will have it for you. The first step to changing your financial situation is to take responsibility for your life, design your future and act in a structured way. Have you ever thought about what would happen if you stopped earning suddenly? How many months, how many years could you survive, keeping your lifestyle unchanged? There is a formula that allows you to know it.

Money is just an amp of what you are. It is the mind that makes you poor or rich, happy or unhappy. Money is a result that depends on your actions. And your actions depend on your psychology. These things also for play, influence your relationship with money. And they have an impact on your results. To earn figures you never earned, you must become a person you’ve never been before.