Warren Buffet is the richest man of the entire world, let´s follow his counsels on value investing philosophy. 21. Crisis? Yes, but not for everyone. Some companies do resist to crisis. Just watch them when economy is low because they can be wonderful opportunities to invest. 22. Manage your investments Make a check-list before taking any decision just like plane pilots do, because the brain will get used to put aside the things which are not convenient. Using a check-list will bring you to reality...

If you had invested 1000 dollars in Berkshire Hathaway Inc, the financial holding company of Warren Buffet, you will have 5 millions dollars today. 1. Rule number one: do not loose money. Rule number two: do not forget rule number one. Whether it's socks or stocks, I like to buy the goods quality when is marked down. Stocks have ups and downs all the time. When stocks go up then prices are really high, when they go down prices are cheap.In real life when you want to buy yourself a good coat you...

To change a bad habit, overcome a behavior that does not suit you, or to adopt a different attitude you have to go through these 3 steps. If you skip one you just wont make it. Whether if it is to achieve financial independence, become more efficient, learning to not to procrastinate, develop your leadership or make a significant change, you have to go through these key steps. If you do not respect,...

What are bitcoins? The word bitcoin literally means currency in bits. It is a decentralized virtual currency that no one controls. You can buy bitcoins as if you bought currencies. You can get paid or pay in bitcoins and there are more merchants accepting that currency. Maybe at first the idea of using bitcoins is a little bit scary, but it is very simple: the programs to handle bitcoins are open...

Leonardo da Vinci considered himself as an ignorant man because he had not learned Latin. All the books on science and knowledge of his time were written in Latin and the language of the universities was also Latin. But he just had a basic education in school, he learned to read and write and some basic maths, nothing more. If Leonardo da Vinci was an ignorant, how come he created so many fantastic...

Did you figure out what to put in your budget for Christmas? As every year we are submerged into a new wave of consumerism, shopping madness and uncontrolled expenses. Some times you have a hard time just finding out what you are going to offer as a gift. Because a simple, full of love and meaningful gift doesn't have to be expensive. But, would it be appreciated? We are stuffed ourselves with things....

We are all artists as we are already creating the life that we want. In fact you do not have to be a so called artist, you do not have to be a painter, writer, photographer o any other form of accepted artist to be creative. If you are creating a family then you are an artist and your family is your master piece or your best piece of art. If you are creating a business of your own, that is also art. Are...

You know I’ve been thinking a lot lately about quitting my job and there are three things that I need to make clear to my self before I jump out: To know real reasons why I'm quitting my job To face my fears before I jump into the emptiness To quit my job gracefully The first thing was to tell my loved one that I wanted to quit my job and I was encouraged when I've heard the answer: I see that you stagnate. That was a confirmation and a relief too. I also had a coffee with an ex-colleague wich...

Why do couples argue about money and how to better organize home budget. Money and personal values can happily go together with your couple life. Let numbers speak. Putting money goals together should boost your finances, like a sort of synergy effect (1 + 1 = 3), and in many real situations money and couple problems can be solved with a basic organization and a simple budget. But which are the...

The stock market is all about companies and dividends and before investing your money in stocks options you need to understand how does the stock market works. The birth of a company At the beginning there are entrepreneurs with an idea and a vision. That is transformed gradually into project, but to materialize it they need capital or assets such as machines. These assets are brought by investors,...

Have you ever heard of investing on dairy cows? It sounds funny, but it is a real thing! Here is how it works: The investor buys heads of cattle (dairy cows), then he addresses to a specialized manager who rents them out for him at a selected breeder or farmer. The breeder provides work, buildings, equipment and land. He raises the cows, feeds them and pays for the illness and accident insurance. Each...

Do you know how much you are taxed on your savings? If you are looking for financial freedom it's the time to watch new laws about taxes passing through. Just look through all your investments and check for new possibilities, do not hesitate to surf on better waters, as Warren Buffet says: "if you ever find yourself on a sinking boat, the energy to change boats is more productive than the energy to fill the holes". New laws are passing now here in Europe and taxes are booming everywhere, how can...

When you feel good about yourself everything is easier. Your ideas flow freely and you have creativity. It seems that creativity needs a good environment to grow, it seems to come when we are focused and we are in balance, when things go well. But life presents swings, those times when we need to provide more resources, to put more into it and give more of ourselves to overcome obstacles and prove our worth. How do you react when things do not go as you want? As the old proverb says: He who...

You have surely heard it said: save money for the lean times, save for the bad days, or save for the rainydays.Even I myself have written enough about creating an emergency fund to deal with any problems or immediate needs.But in this way we are turning the act of saving in a projection of loss, I mean that it is like saying, Savenow to lose it all later.While it is prudent to start a savings plan for prevention, this should not be the only goal.The road to financial freedom has to be a way that...

Europe looks towards the Uniteds States economy as to a mirror and so do almost all the other countries. American middle class families are a model of prosperity and well being to the whole world.But I'd like to share with you this financial report to check how things are going on now. Real Estate Sector Image from: http://stawealth.com/images/stories/1dailyxchange/Home-TotalActivityIndex-072513.PNG In...

See how much money does your dreams cost and just create a financial plan to get them true.Maybe you've talked to someone about your dreams and maybe you've heard that answer: "You're not realistic, you could never afford those things". But why? On the other hand when you're a child they allow you to have all kinds of dreams and you can become an astronaut, mountaineer, artist, pilot or whatever.Then when you reach the adult age then you have to be a lawyer, a doctor or a consultant, then create...

Finishing one thing at a time is a virtue, as you work kind of block by block towards the construction of a bigger building. I have a bunch of dear old projects and my "to do" list was growing too big. There is only one way to get things done: Set your priorities Work on one thing at a time I was kind of overwhelmed these last times and couldn't keep the pace with all so many wonderful things...

I am looking for a new job, I want a job change. Sometimes you don’t know when to shift and change or when to stick and stay. It all comes mostly from your inner heart.Here are some good reasons to change jobs: You are not learning. You can not give ideas nor take initiatives. Your work is routine, almost industrial. Your salary is well below the average. It’s been a long time since you had a salary increase. Work to learn We are in a new era, the era of communication and progress. Before it...

One year ago I started writing this blog about financial freedom. Until that moment I looked at the state of my accounts, just waiting to get my bank counselor's call towards the end of the month to warn me that I had an important overdraft and I had to do something about it. In one of the interviews with my counselor she convinced me to ask for a new credit to pay the one I already had to cover the overdraft and with the rest I could buy me some extra things. Obviously this was a big mistake...

If you're starting a new web site because you want to boost your business or build your personal brand or reputation, or for any other reason, stop doing SEO. Wasting time on SEO forums, following the advice of those SEO 'gurus' and putting into practice the tricks of these experts, will make you make mistakes that are going to be very difficult to correct. Two days ago I've got an email from someone who was desperate because after hiring some SEO services his site rankings and visits are going...

With credit cards you spend what you haven’t got and you go into debt more than you should. In this country is almost mandatory to have a credit card. If you pay the toll booth with a Master Card it does not work and in many toll booths the payment is automated so you can not pay in cash. The only thing that works is the credit card. But unless you have to go down the highway every day, you don't...

A physics professor calls a colleague about a problem with a student who has just had an examination. The teacher wants to give a zero to the student, but the student thinks he deserves full marks. So the other teacher has to be the referee and decide on the problem. And here's the examination’s question: How can you calculate the height of a building with a barometer? And the answer given by the student was: - "You tie a string to the barometer and glide it gently to the ground, then calculate...

Have you ever imagined how the world would be like without money? Recently I was talking to a great friend of mine who was explaining to me his ideas about money and this made me to think about it.According to him, an ideal world would  perfectly run without money because everyone could contribute according to their ability and receive according to his need.Money is needed only because of the exchange of the property on which our society is built, if there were any other way to organize society...

When our finances are going well we tend to spend on things we had not expected to and we don’t take advantage of the good times to save. And, as we see that we have a certain amount accumulated in our savings we immediately spend it, it's like an impulse there that sees that when there are more than 1000 euros saved in the account it invents up the need. (My car doesn't work so well, my TV screen is an old one, I need a last generation smartphone ... etc) But if an unexpected event comes, as having...

We know that a car loses its value very quickly, which is really a liability in our small domestic accounting, but sooner or later you would want to buy one for family, professional or just for pleasure reasons. The idea is that if you have to sell the car quickly, with the amount you'll get back you can pay the credit you asked for completely. Case 1: Car price: 10,000 $ buy by borrowing 100%...