Clipping of news on Brazilian Culture, Law and Citizenship
01/26/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
SAO PAULO - What is your dream? What is your goal when investing and how much time you have to achieve it? Knowing the answer to these questions is the foundation of good financial planning.
The new car-km, the trip abroad, the feast of the wedding dreams ... consumption are important goals, but what about the future? Have you ever stopped to think about your financial life a few years?
Main goal: you
With increased life expectancy of the Brazilian plan our future and the people who depend on us to be the primary financial goal.
To reach it, the first step is to set the value of your goal and how much has to reach her, or how much money you will need to enjoy a quiet retirement here the "X" years.
For convenience, try to imagine how much your monthly income needs to be when you have 65 years. With this estimate, it is easier to calculate how much reserves must accumulate until you reach this age.
Imagine that, to live quietly, will need R$ 3000 per month at retirement. To ensure that income for a period of 20 years, for example, considering a life expectancy of 85 years, you need to earn about R$ 720,000 (assuming a simple account of multiplying R$ 3000 per month for 20 years) .
If you have 20 years, is 45 years ahead to achieve its objective. Now, if you are 40 years old, has only 25 more years to reach its goal.
At the tip of the pencil
Considering the above example, how much you need to save, from now on, to reach your goal?
Aim: R$ 720,000
Age 20 years 45 years today
Time savings 45 years 25 years
A monthly contribution R$ 178* R$ 862 *
* Assumes a monthly income of 0.6%
From the table above you can see that, the sooner you start, the lower your monthly savings effort to achieve your goal.
In the budget worksheet
Regardless of the time you have and the amount necessary to make these savings a monthly commitment. Place on sheet of the budget, the amount that will keep for months and, upon receipt, take the money, as you would with any other utility bill.
Leave to save what is left at the end of the month is not a good alternative, because there was nothing left of risk is quite large. Think about it!
Source: InfoMoney
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This article was translated by an automatic translation system, and was therefore not reviewed by people.