10 steps to build wealth

When I think of how to build wealth, come to my mind the following words: consistency, common sense time and will.

Saving is not easy, it requires the commitment of everyone, needs to be systematic and be clear that only creates wealth over time (not overnight). On the other hand, depends only on yourself.

There are a number of steps, if met, would help many people to build wealth.

1. Spend less than you earn

It is the simplest rule of all. However, there are many people living beyond their means. Spending more than we earn, leads us to enter into debt and, once we go into debt, it is more difficult to save.

One tip that can help you to comply with this rule "does not work to pay that mortgage, loan, buy clothes / food, school expenses, dining out, holidays and then, if there is any money left, save" NO, first turn away an amount of my monthly income and then come the bills.

The best thing is to look like saving a percentage of your income. The amount you put it and adjust your monthly budget to cut spending and to save. It is important that you feel comfortable with the percentage of savings.

2. Sets the objectives you want to get

Everyone saves for a purpose (travel, canceling mortgage, education, retirement, etc ...). If we have a clear goal for which we save, we know two important things:

• Amount we need to save: the more money you save the more money you get in the future
• Time we have to save: The less time I have left to achieve the purpose for which I'm saving, the less I can save. The more time I have, the easier it is to design a savings plan
• Profitability: the more time is left for our purposes, the lower the amount I have to save and lower the returns that have to require my investment. If I wait 55 years to save for retirement, the less time I have to create that wealth, the greater the amount I have to save, and the greater the return that I will have to require my investment.

The wealth is only created over time. It is impossible to have eg the € 100,000 overnight, unless we win the lottery.

3. Save money every month

After determining the purpose for which I save and determined the percentage that will save every month we can invest those savings on a regular basis.

Most important is the discipline , want to save and be aware that we do not save for others but for ourselves.

Is internet banking safe?

I haven't gone to a bank office in more than 10 years, which is about my time being online banking customer. Current accounts, deposits, stocks, mutual funds or even mortgage I have through online banking.

I've never had any problems neither I lacked money from my account neither my passwords have been stolen neither I received any suspicious mail. So is it safe internet banking? Well, if we follow the right tips it is as safe as traditional banking. There are risks, but no more than traditional banks.

Caution must be like when we get cash from an ATM, look there is nothing suspicious or cover with one hand while typing our secret number when shopping at a store, do not lose sight of our card.

My advice is to protect personal data, passwords and financial information as we do in our daily lives.

Recommendations on your computer

• Updating the operating system : manufacturers publish updates to fix security problems discovered and prevent unwanted access or spread of virus.
• Upgrade your browser, update your browser to the latest version available.
• Install and update antivirus programs : It is essential to protect our computer against threats. Most of the antivirus can be updated over the Internet.
• Do not store in the computer passwords, account numbers, card numbers or other confidential information.
• Try not to use public computers (internet cafes, offices, airports, universities, etc ...) when accessing our internet bank. These computers may have some software to capture your personal data. If we have no choice but to use them, change the passwords from our personal computer as quickly as possible.

Recommendations with our passwords

• Do not give out your passwords to anyone.
• You will never request your password or operational security in full, only random positions. Nor will you be the passwords requested via email.
• Change passwords frequently.
• Do not use the option to remember the keys in your browser.
• Avoid using passwords that are easily guessable (name, phone number, ID number, names of children, pets, place of residence, etc).
• Use alphanumeric characters when creating your passwords. A combination of "random" numbers and letters is the best advice to design a password
• Never write down your passwords on paper, file, mobile phone or in your wallet.
• If your bank gives you the option to enter the password via a virtual keyboard , use it.
• Do not provide your passwords to anyone, especially if requested via email. Delete the email, do not click any links and contact to your bank.
• Example of incorrect password: peter74
• Example of correct password: p24thu87

Recommendations surfing the bank's web

• Always type the address of the bank in the browser: never access from links on other sites or from links in unfamiliar e-mails received.
• Check that the address in your browser starts with https:// instead of http:// .
• Check that there is a locker closed in your browser.
• Disconnect always the session when you finish by clicking on the link.
• Check the date and time of last connection . If you do not match our records, someone may be misusing our keys.

Email Recommendations

Email is one of the main ways used to commit online fraud.

A well-known fraud technique is phishing which means we received an email that looks like as I had been sent by our bank requiring personal data and personal passwords. The e-mail may contain a link that leads to a fake page, but that apparently is exactly equal to that of the bank.

They are usually easy to identify because they are written in somewhat technical language, or even misspelled. But sometimes, are difficult to identify because it often fooled by technical problems with our passwords, urgent need to update personal information, prizes, gifts or even tips to avoid fraud .

To avoid surprises, the best is:

• Do not open spam.
• Do not open emails from unknown senders.
• Never send our passwords by e-mail.
• Delete suspicious e-mails and click on any link and you may install a virus on your computer.

Recommendations to buy online

• Only use secure servers to buy (remember, are those beginning with https:// ..).
• Never send data from your credit card (number, expiration date) via email.
• Do not give more data than necessary.
• Buy only in recognized sites and with protection technology such as VeriSign, Mastercard Secure Code or PayPal.
• Regularly check your card transactions.
• If you have the slightest doubt that you have been suffered a fraud, cancel your card.
• In case of suspicious transactions, claims to your bank.

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