• Home
  • Contact Us
iBusiness Angel
No Result
View All Result
Wednesday, February 1, 2023
  • Home
  • Finance
  • Accounting
  • Sales
  • Business
  • Marketing
  • Home
  • Finance
  • Accounting
  • Sales
  • Business
  • Marketing
No Result
View All Result
No Result
View All Result
Home Business

Increase Your Savings with the Most Effective Solutions Now

by Paul watson
January 5, 2021
in Business
0
Top Five Social Media Tips for Real Estate Agents
153
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

How to grow your savings? It is the dilemma of every saver, from those who have only a few tens of euros to those who have collected them in the millions. Notwithstanding the fact that the main road passes through one’s work and the correct management of hard-earned finances, there are, however, other measures that in the long run make the difference. For example, a secret to getting rich: cut costs like these. Let’s take concrete examples.

Cut your checking account costs

According to a study published by the Bank of Italy in 2020 on the previous year, the cost of managing a traditional account was € 79.4 (+ € 1.8 on 2016). How much does a similar current account cost but in the online version? On average zero or in any case very close to zero. Now, assuming an average gap of around € 65/75 per year, in the long run we are talking about substantial differences. For example, assuming that for a decade the economic distances between the two types of products remain identical, it would be around 650-750 euros the money for a free vacation. Visit https://valuenetworksandcollaboration.com/evergreen-wealth-formula-review/  to understand how to increase it.

Should you sell your shares now?

For those with a portfolio of € 350,000: receive this guide and periodic updates.

Active or passive portfolio management

Another sore point concerns the “active” management of the portfolio. The example par excellence is the comparison between an ETF and a traditional mutual fund. Now, with reference to the end of 2016, the total costs associated with the investment in an Italian harmonized open-end mutual fund were estimated on average at 1.74% (Bank of Italy data, using the “Total Shareholder Cost” method). 

A philosophy to be applied at 360 °

Obviously, such a way of doing things must be extended to 360 ° to everything concerning the management of one’s assets. Think of the management costs of a life policy or the costs of maintaining and underwriting a PIP. Or how much it costs in a nutshell to buy a BTP at the counter or if done in home banking. And so on.

The importance of keeping costs at bay

Careful attention to costs (from car insurance to home loans, from gym membership to commissions for the purchase of a stock, etc) is of vital importance. Beyond the important fact that it is a secret to getting rich: it cuts costs like these, there is also another aspect to keep in mind. 

The useless cost (or unfair, if compared to the same product-service) constitutes in 100% of cases the part of the money earned. Because then we could also discuss earnings, interest, returns, etc., but this does not always belong to the field of mathematical certainty. Example: € 10,000 on active management (mutual fund) could also yield more than a passive instrument, but the statistic says that most of them yield less than the reference benchmark. What is the difference? Simple, but decisive. The higher yield has to be demonstrated, and will be known afterwards. The lower cost is certain, and it is known in advance: this is why it is considered a sure gain.

Paul watson
Paul watson
No Result
View All Result

Archives

  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019

Categories

  • Accounting
  • Auto
  • Business
  • Coworking space
  • Featured
  • Finance
  • Human Resource
  • Industrial Fume Extractors
  • Industry
  • Investment
  • Laboratory
  • Law
  • Legal
  • Marketing
  • Real Estate
  • Sales
  • Tech

Recent Post

6 tips for your brand communication

6 tips for your brand communication

January 29, 2023
Apply for Loans at Slick Cash and Get Money in Just Few Hours

How to make SIP investments under 80C?

January 26, 2023
Making a Successful Startup in Singapore with an EP Application

Making a Successful Startup in Singapore with an EP Application

January 23, 2023
A Complete Guide About Residential Solar Companies

A Complete Guide About Residential Solar Companies

January 21, 2023
Which Type of Worms Can Be Used for Composting?

Which Type of Worms Can Be Used for Composting?

January 13, 2023

Advertisement

Recent Post

6 tips for your brand communication

6 tips for your brand communication

January 29, 2023
Apply for Loans at Slick Cash and Get Money in Just Few Hours

How to make SIP investments under 80C?

January 26, 2023
Making a Successful Startup in Singapore with an EP Application

Making a Successful Startup in Singapore with an EP Application

January 23, 2023

Quick Link

  • Contact Us
  • Finance
  • Accounting
  • Sales
  • Business
  • Marketing

Featured

Copyright © 2019 ibusinessangel.com | All Right Reserved .

No Result
View All Result
  • Home
  • Finance
  • Accounting
  • Sales
  • Business
  • Marketing

Copyright © 2019 ibusinessangel.com | All Right Reserved .

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In