At SYAAT, we’ve been conducting the “Integral well-being” campaign with our collaborators for a year now, which consists of several talks on personal interest and health to encourage the team to lead a balanced life between work and health.
This time, the topic was chosen by all the collaborators and delivered by Edgardo Herrera, SYAAT’s Director of Processes and PMO. In the webinar, he shared some tips for investing our capital, putting it to work, and generating returns.
The topic of saving was also addressed, which means setting aside a portion of assets intended for ordinary spending and having it as a provision for future needs or emergencies to avoid excessive or unnecessary spending. In other words, saving and investing involve foregoing current consumption in exchange for future benefits distributed over time.
Before investing, it is important to have a clear goal. That is: what do you want to achieve by saving? Goals achieved with consistent savings of only a few months are known as short-term objectives. On the other hand, if financial goals involve large amounts, such as buying a house, financing children’s future education, or saving to improve retirement conditions, they are considered medium or long-term objectives.
Edgardo suggested some investment funds, including: artwork, jewelry, gold, silver, foreign currencies, tangible assets (real estate, “valuables”), businesses, financial instruments (bank debt, government debt, stock market shares, FRBRA’s, ETF’s, Private equity, Venture capital, Cryptocurrencies). This is to maintain your purchasing power, make a profit, and generate wealth.
To make a good investment, it’s necessary to inform oneself about the existing alternatives in order to compare them and know which one suits us best. We must be aware of:
- The return they offer
- The risk involved
- The ease of accessing our savings
- Management costs
- Other relevant considerations
Some low-risk investment instruments are: voluntary AFORE savings (PPR), fixed income funds, BONDDIA, CETES (28 days), and UDI Bonds.
In the webinar, Edgardo talked about how to manage our money and what steps to take to reach a first goal, thanks to the 50-30-20 rule, which consists of dividing monthly income into three parts: 50% for primary needs, 30% for extra expenses, and 20% for savings or investment. And for this, Edgardo provided us with an income and expense calculation template in which we could input our actual numbers to know our current financial situation.
Investing intelligently can guarantee our future, we just need to know the different ways to invest, as well as the terms and risks of investment associated with each option. The key is to manage our capital wisely to develop a healthy savings habit and achieve our financial goals.
While SYAAT’s specialty is information technology, we acknowledge our colleague’s knowledge in personal finance and appreciate that he gave this insightful talk that left us with many lessons.
Aranza Trujillo – Human Resources
If you’re interested in the topic, don’t hesitate to write to us at [email protected].
