To all who seek freedom from dependence on a steady job or sell their time for pay, are excited about being able to get rid of all that and start building your financial freedom. Therefore, we must start with the basics that are to spend less than we entered, save all you can to lean to hold our tickets and studying a lot about the subject at hand. Some want to build a new business, others to seek the best returns for their money. If this is your case, I bring you what the analysts of the Elliott Wave International firm, believe are the 5 fatal mistakes that affect our way of investing.

1. Lack of methodology. If you aim to be a successful investor, then you should have a methodology that is clear and concise and allows you to look objectively at the nature of the business where you want to invest.

The guesswork and instincts do not work long term. If you do not have an investment methodology, the lurching walks. This is more relevant when making investments in the stock market if you do not follow a methodology you have no way of knowing that is a sign to buy or sell.

On the other hand cannot even identify the trend consistent. To overcome this fatal mistake, enter your methodology. Define in writing analytical tools and more importantly, how to use them.

What really matters is that you make the effort to define it. If your methodology is too complicated to be written on the back of a business card, it is probably too complicated.

Indeed, the methodology is not something that should remain static and should be perfected over time.

2. The lack of discipline. When you have clearly defined investment methodology, you must have the discipline to follow your system. The lack of discipline in this regard is the second fatal mistake.

Religious discipline should be taken to follow the methodology of trading or investment that you have developed.

3. Unrealistic expectations. How many times you have not met with warnings like: “I spent $ 150 and to date have won 10 thousand” ads like this just make people lose money in droves.

They also help create another fatal error: unrealistic expectations. What many people ignore is that higher risk higher return. Such is the case of higher yields paid by countries with more risk of default.

Put yourself, it is better to win but win little risk for higher yields and left with nothing.

4. The lack of patience. This error is one of the more money we lose. A business where you want to invest East requires patience for the results.

The best advice to combat lack of patience do not have to worry about the lack of opportunities, because there will be tomorrow, next week, next month, that without fail.

5. The lack of money to invest. Managing money according to the risk correctly is the key to not losing money. Limit the risk as much as possible each time we make an investment.

Words, we must invest in our capital. Success is not easy. It’s hard work. If someone leads you to believe otherwise, run in the opposite direction, and fast.

The hard work can give a reward, because you can make a profit above the average.

A few weeks ago I wrote a couple of articles about what is, and how the business of the Stock Market.

I received very good reviews, but many of my readers requested more practical guidance and summary on how to proceed with investments.

So, I have prepared this list of 8 steps to invest in the stock market, I’m sure will be useful for those wishing to enter this field.

1. Research and documentation, about the subject before investing in the stock market. There are very good courses and online tutorials to help you.

2. Use a simulator for a while investments in the stock market. This allows you to measure your knowledge and investment skills in a safe environment without risking your money prior to it in reality.

3. Choose one of the Stock Market to invest, preferably in USA. The reason is simple: there are more resources available online and corridors for the region.

4. Select a broker. This is essential because the person or company was authorized to execute investment transactions. They will give you specific advice according to your choices as amounts, terms and investment options.

5. Look for companies with high potential for investment. This is probably the most important task of the process and also the most difficult because it needs to “soak up” or know enough about the field of business of the company.

6. Run your investment transactions. Whether you delegate your stock broker’s decision to seek the best options that you specify or directly where you want to invest, the next step is to actually execute the operation.

7. Proceed to the payment of commissions to your broker. After running a negotiation, your broker will automatically debit their fees according to the contract signed with them initially. You must clear the commission rate from the beginning as well as other possible charges for additional costs.

8. Monitor your investments. After running one or more negotiations, it is desirable to maintain an ongoing monitoring to determine the low and high in the companies where they have invested and make decisions about when you can agree to buy or sell.

Finally, and as I mentioned in previous posts, although you can expect to earn very good money as an investor in the stock market, as in any business is also important to be aware of the risk involved in an investment.

Have you entered this field? We love to hear your experience.

For periods of economic crisis, gold becomes a safe haven for many investors both large and small.

The metal can be purchased physically fit bullion (gold bars have almost one hundred percent pure, with prices ranging between 5,000 and 20,000 Euros depending on your actions), but can also be purchased through certificates deposits or mutual funds.

- Certificates of Deposit:
One of the easiest and simple to buy physical gold. The advantage is that the holder of such certificate does not have the physical gold bullion at home or at any bank. Thus the saver / investor can reduce the costs of transportation and maintenance, while reducing the risk of theft. (more…)

In addition to ensuring the economic future of your children, it is important to start planning your retirement, to meet this goal it is necessary to organize to save 10% of your monthly income.

Habits such as saving and financial planning can be great allies of single mothers who head families, as well as build a future for their children should also start working for their own future, said the director of Human Capital Skandia’s investment funds, Maria Eugenia Castillo.

In Mexico there are 4.5 million single mothers (single, widowed or divorced), of which 71.8% work, while the third lives in poverty, according to the National Population Council (CONAPO), and for this reason it is important start thinking about how to prepare for a sound financial future, he said.

“The economic risk of single mothers is that they focus all their financial efforts to provide their children with education, health, clothing, housing and entertainment, neglecting a very important aspect of life, that is their retirement,” said the expert.

While the financial priority in these cases is focused on children and supports themselves, if not start a savings plan for retirement, it is possible that in adulthood does not have the money to sustain themselves. (more…)

The term refers to independent economic status where one can enjoy a lifestyle with the actions we have. The key is not having much money, but enough to make decisions that allow you to enjoy life without financial worries. The article explains three different approaches that could help you meet your financial goals:

First Way: Extreme Frugality

Many people find financial freedom by reducing costs with a lifestyle a little different. We hope to earn more money to pay for our tastes and to have things growing larger, modern and expensive. The frugal person does the opposite, the financial independence is achieved by living a lifestyle that requires minimal expense. This does not mean that the “frugal” stop spending, but when I do always looking for ways to strike a balance between price and happiness gained from the expenditure.

By living a life with little expense, they can save a lot of money that allows them to achieve financial independence in the short term. A frugal person usually has no debt, no interest in the latest fashion, and knows how to enjoy the free stuff of life. (more…)