This feed does not validate.
<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>blog</title> <atom:link href="https://investinfinance.com/feed/" rel="self" type="application/rss+xml" /> <link>https://investinfinance.com</link> <description></description> <lastBuildDate>Wed, 08 Feb 2023 11:40:07 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.5.3</generator> <image> <url>https://investinfinance.com/wp-content/uploads/2023/02/cropped-investinfinance-1-32x32.jpg</url> <title>blog</title> <link>https://investinfinance.com</link> <width>32</width> <height>32</height></image> <item> <title>How and why to trade options?</title> <link>https://investinfinance.com/how-and-why-to-trade-options/</link> <comments>https://investinfinance.com/how-and-why-to-trade-options/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Wed, 08 Feb 2023 05:56:15 +0000</pubDate> <category><![CDATA[Trading]]></category> <guid isPermaLink="false">https://investinfinance.com/?p=44</guid> <description><![CDATA[<p>105 ViewsOptions trading is based on buying or selling underlying assets such as stocks, indices, commodities, etc. Options are derivative financial products that respond to a very particular operation, and which sometimes give possibilities of trading strategies that you cannot use with other instruments. Here’s how and why to trade options. How to trade options? […]</p><p>The post <a href="https://investinfinance.com/how-and-why-to-trade-options/" target="_blank">How and why to trade options?</a> first appeared on <a href="https://investinfinance.com/" target="_blank">blog</a>.</p>]]></description> <content:encoded><![CDATA[<div class='epvc-post-count'><span class='epvc-eye'></span> <span class="epvc-count"> 105</span><span class='epvc-label'> Views</span></div><p style="text-align: justify;">Options trading is based on buying or selling underlying assets such as stocks, indices, commodities, etc. Options are derivative financial products that respond to a very particular operation, and which sometimes give possibilities of trading strategies that you cannot use with other instruments. Here’s how and why to<strong><a href="https://investinfinance.com/"> trade options.</a></strong></p><h3 style="text-align: justify;"><strong>How to trade options?</strong></h3><p style="text-align: justify;">Like stocks, listed options are traded on financial markets. It is essential to fulfill certain criteria in order to be able to buy or sell options directly on the stock exchanges. Thus, most retail savers use a broker. In this case, you trade the options with a traditional financial intermediary. You will trade on the platform of this one and, even more , will pay a commission, often invoiced with each order.</p><p style="text-align: justify;">The broker will therefore execute orders on the markets on your behalf. Besides that, you can trade options through CFDs. The latter represent financial products that allow you to bet on the upward or downward variations of an underlying asset without ever owning it. To trade CFDs, you must open a trading account with an intermediary that offers derivatives.</p><h3 style="text-align: justify;"><strong>Why trade options?</strong></h3><p style="text-align: justify;">Options are fairly complex financial instruments. However, this does not prevent them from being popular with savers. This, because of the many advantages they offer:</p><p style="text-align: justify;">Benefit from great leverage: trading options gives the possibility of seeking performance without necessarily tying up a lot of capital. So you can get an option position similar to a stock position while spending less money;</p><p style="text-align: justify;">Trade with less risk: properly used, options reduce the risks associated with trading. In reality, they require less financial commitment than stocks. Moreover, the options present a relative imperviousness to the potentially catastrophic effects of opening gaps;</p><p style="text-align: justify;">Access complex trading strategies: options remain a very flexible tool. Using them allows you, for example, to trade the third dimension of the market, i.e. trendless stock exchanges. In addition, they allow you to trade stock movements and volatility as well as the passage of time.</p><h3 style="text-align: justify;"><strong>How to find the right option?</strong></h3><p style="text-align: justify;">Whichever market you choose, once you identify the underlying asset to trade, there are six steps you need to take to find the right option:</p><p style="text-align: justify;">Set your trading objective: this is the starting point for your investment;</p><p style="text-align: justify;">Identify the risk/return ratio: determine this ratio taking into account your risk tolerance;</p><p style="text-align: justify;">Check the implied volatility of options: compare the level of this volatility with the historical volatility of the stock and the level of volatility of the broader stock market;</p><p style="text-align: justify;">Identify influential events: these can be classified into two categories: events relating to the market as a whole and those relating to specific stocks;</p><h3 style="text-align: justify;"><strong>Define a strategy: </strong></h3><p style="text-align: justify;">reviewing the previous four steps greatly facilitates the development of a specific option strategy;</p><p style="text-align: justify;">Select the parameters of the option to trade: once your strategy has been identified, all that remains is to choose the parameters such as strike prices, expiry dates, etc.</p><p style="text-align: justify;">Following these different steps will allow you to know when to exercise an option for the best results.</p><p>The post <a href="https://investinfinance.com/how-and-why-to-trade-options/" target="_blank">How and why to trade options?</a> first appeared on <a href="https://investinfinance.com/" target="_blank">blog</a>.</p>]]></content:encoded> <wfw:commentRss>https://investinfinance.com/how-and-why-to-trade-options/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>First save (a little) and then invest ?</title> <link>https://investinfinance.com/first-save-a-little-and-then-invest/</link> <comments>https://investinfinance.com/first-save-a-little-and-then-invest/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Wed, 08 Feb 2023 05:51:16 +0000</pubDate> <category><![CDATA[Investment]]></category> <guid isPermaLink="false">https://investinfinance.com/?p=40</guid> <description><![CDATA[<p>106 ViewsIf you are planning to invest, it is best to build up a savings reserve first . This money must always remain available and be (practically) risk-free. Many people opt for the savings account because it meets the savings criteria perfectly (even if its return is low). But don’t let your money sleep too […]</p><p>The post <a href="https://investinfinance.com/first-save-a-little-and-then-invest/" target="_blank">First save (a little) and then invest ?</a> first appeared on <a href="https://investinfinance.com/" target="_blank">blog</a>.</p>]]></description> <content:encoded><![CDATA[<div class='epvc-post-count'><span class='epvc-eye'></span> <span class="epvc-count"> 106</span><span class='epvc-label'> Views</span></div><p style="text-align: justify;">If you are planning to invest, it is best to build up a savings reserve first . This money must always remain available and be (practically) risk-free. Many people opt for the savings account because it meets the savings criteria perfectly (even if its return is low). But don’t let your money sleep too long and be especially mindful of inflation ( see above ). If there’s one thing no one wants, it’s losing purchasing power!</p><p style="text-align: justify;">Once you have built up your ‘safety reserve’, think carefully about how you will diversify (to limit risk) and boost your investments to make your money grow. The possibilities are numerous:</p><p style="text-align: justify;">Life insurance made up of several underlying investments : either directly managed or under mandate. It allows you to combine the distribution of funds for more security (while benefiting from professional management) with the return on stocks, bonds, etc. Such life insurance also offers very interesting tax advantages and is a good tool for preparing the transmission of your assets.</p><p style="text-align: justify;">Crowdfunding in real estate : you lend money to a real estate developer against an acceptable remuneration.</p><p style="text-align: justify;">The stock market (see above): with a stock market account or a securities account, you can mainly buy stocks and bonds in order to receive dividends or resell them at a profit. The stock market is part of a long-term investment strategy.</p><p style="text-align: justify;">Actions of SCPI : you participate in the financing of rental real estate programs and you receive rental income. SCPIs are available directly or via life insurance. It is a practical solution to combine the advantages of two investment products.</p><p style="text-align: justify;">Real estate (rental) : ultimately remains a <strong><a href="https://investinfinance.com/">good investment</a> </strong>if you have a larger amount.</p><h3 style="text-align: justify;"><strong>Investing in (rental) real estate, a wise option?</strong></h3><p style="text-align: justify;">When the economy is booming, inflation and purchasing power soar. Great news if you are a homeowner. Inflation allows you to increase your rent and collect a higher monthly amount. In addition, there is a good chance that your property (and the land!) will record a strong capital gain after a few years. Investing in (rental) real estate can therefore be a wise choice!</p><h3 style="text-align: justify;"><strong>Consider the time of life you are in.</strong></h3><p style="text-align: justify;">The choice between saving and investing also increasingly depends on the periods of our lives and our different objectives:</p><p style="text-align: justify;">At the beginning of one’s professional life , one begins to assume financial responsibility and one saves in order to be able to get a good start in life.</p><p style="text-align: justify;">In your thirties , it’s the age when you have children and when you want to settle somewhere. This is also the time when you make your first financial investments. Ideally, you should not borrow to the maximum of your repayment capacity. Thus, we have a margin of maneuver and we can even invest part of our money.</p><p style="text-align: justify;">As you approach fifty , you usually benefit from better income, the children are older and you therefore plan to invest so as not to pay too much tax and/or to prepare your pension .</p><p style="text-align: justify;">As soon as you reach your sixties, you want to reap the benefits of your existing assets and prepare your succession .</p><h3 style="text-align: justify;"><strong>Saving through life insurance .</strong></h3><p style="text-align: justify;">If you’re buying life insurance today, you’re probably doing it to receive some money at the end of the policy or in the event of your death .</p><p style="text-align: justify;">Absolutely, life insurance is a safe and tax-efficient way to put money aside for the day you retire. This is why life insurance is increasingly seen as a way to save for the long term. However, life insurance should not be confused with life insurance . The latter is paid only in the event of death.</p><p style="text-align: justify;">For many people, long-term savings are an essential part of the third pillar of the pension system. At the end of the contract, an attractive sum will be available for the policyholder, and perhaps even for his (grand)children. Ideal therefore, for example to finance their studies!</p><h3 style="text-align: justify;"><strong>Life insurance offers great flexibility.</strong></h3><p style="text-align: justify;">At least when it comes to payments. You are free to contribute what you want – however, taking into account the fixed minimum premium. The maximum premium for long-term savings is calculated on the basis of net taxable professional income.</p><p style="text-align: justify;">For more information on the flexibility of this system, do not hesitate to consult our blog ‘ Saving regularly, it is possible with life insurance ‘.</p><h3 style="text-align: justify;"><strong>Life insurance is not a savings account!</strong></h3><p style="text-align: justify;">Life insurance is therefore a form of long-term savings with excellent tax advantages. Be aware, however, that your money will only be available at the end of the contract. As for buying back your life insurance, this is not a good idea, because you will have to pay exit fees. Not to mention the tax penalty that awaits you: the capital withdrawn will be taxed at 33%!</p><h3 style="text-align: justify;"><strong>A great diversity.</strong></h3><p style="text-align: justify;">Saving through life insurance? You have the choice between different kinds of life insurance depending on the means at your disposal, your investor profile (see below) and your final objective.</p><p style="text-align: justify;">Branch 21 life insurance offers the security of a guaranteed return, allows you to save at your own pace, and can combine pension and long-term savings .</p><p style="text-align: justify;">In the case of branch 23 life insurance , there is generally no guaranteed interest rate. The return depends on one or more investment funds, against which the policy is backed.</p><p style="text-align: justify;">If these funds are doing well, you have the prospect of a good return. If they underperform, you may lose some of your stake. But this is not always the case, because there are also branch 23 life insurance policies that offer a capital guarantee.</p><h3 style="text-align: justify;"><strong>Get help from your broker</strong></h3><p style="text-align: justify;">In terms of branch 23 life insurance, what is important is to know what you are investing in. It is better to enlist the professional advice of a broker . It is well placed to compare policies from different companies. It is also interesting to know how much the costs of a switch between underlying funds amount to, in order to be able to possibly correct your investment strategy if the results are not there.</p><h3 style="text-align: justify;"><strong>Are there still other ways to save?</strong></h3><p style="text-align: justify;"> The road to a well-stocked savings account is long, difficult and full of pitfalls. What’s more: due to low savings rates, it’s more of a marathon than a ‘sprint’. Every little bit counts to get there! Here are some helpful tips. They require little effort, but allow you to lighten the bill in the end.</p><p style="text-align: justify;">To save wisely, a good idea is to start by carefully examining your savings habits. Regularly review your income, expenses, and budget . Some banks have a budget calculator built into their app, but you’ll also find lots of handy and useful tools in the App Store, like Spendo and Money Pro .</p><h3 style="text-align: justify;"><strong>Think about long-term savings</strong></h3><p style="text-align: justify;">Obviously, the money in your current account is immediately available to pay in stores or on the internet. If it is placed in your savings account, you must first transfer it to your current account, which is a safeguard against impulse purchases. If you don’t need your money right away, long-term savings offer you a higher return than a traditional savings account.</p><h3 style="text-align: justify;"><strong>Apply the ‘cheese grater method’.</strong></h3><p style="text-align: justify;">This method consists of systematically capping the balance of your current account at a rounded amount. For example, if your account has a balance of €513.84, immediately transfer €0.84 to your savings account. But nothing prevents you from being more ambitious, for example by rounding up to ten or hundred euros (in our example, to €510 or €500). Thus, your savings account will grow slowly, but in a ‘fun’ way.</p><h3 style="text-align: justify;"><strong>Do not hesitate to challenge yourself. </strong></h3><p style="text-align: justify;">Aim to save a fixed amount each month and gradually increase your goal. You can even provide a reward if you succeed, or even if you exceed your goal</p><p style="text-align: justify;">There are many who stubbornly remain loyal to their supermarket, their gas supplier, their insurance company, their telephone company, etc. This is a serious mistake, because it is often worth changing. So take out the calculator, go to the comparison sites, check the various contracts and promotions, and discover the substantial savings you can make.</p><h3 style="text-align: justify;"><strong>Aim for a higher return.</strong></h3><p style="text-align: justify;">This advice is in the same order of idea as the previous one. Most major banks stick to the legal minimum interest rate of 0.11% on regulated savings accounts. Nevertheless, the savings market has several challengers whose yield far exceeds the usual rate. So here too, the watchword is to compare.</p><h3 style="text-align: justify;"><strong>Pay off your debts.</strong></h3><p style="text-align: justify;">Do you receive a promotion? Are you leaving a good legacy? Are your shares recording a nice gain? Perhaps you can use this new money to prepay your debts. Indeed, a credit is generally accompanied by interest, which disappears when you repay it. Please note: if you settle a loan, the creditor is likely to claim a reinvestment indemnity from you.</p><p>The post <a href="https://investinfinance.com/first-save-a-little-and-then-invest/" target="_blank">First save (a little) and then invest ?</a> first appeared on <a href="https://investinfinance.com/" target="_blank">blog</a>.</p>]]></content:encoded> <wfw:commentRss>https://investinfinance.com/first-save-a-little-and-then-invest/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>5 good reasons to take out a life insurance policy</title> <link>https://investinfinance.com/5-good-reasons-to-take-out-a-life-insurance-policy/</link> <comments>https://investinfinance.com/5-good-reasons-to-take-out-a-life-insurance-policy/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Wed, 08 Feb 2023 05:46:21 +0000</pubDate> <category><![CDATA[Insurance]]></category> <guid isPermaLink="false">https://investinfinance.com/?p=37</guid> <description><![CDATA[<p>233 ViewsThe life insurance contract is a savings solution allowing you to organize and optimize the management of your assets over the long term. It meets many heritage objectives. Review. This envelope, managed by an insurer or a mutual insurance company, gives access to many investment vehicles, from the most cautious to the most dynamic, […]</p><p>The post <a href="https://investinfinance.com/5-good-reasons-to-take-out-a-life-insurance-policy/" target="_blank">5 good reasons to take out a life insurance policy</a> first appeared on <a href="https://investinfinance.com/" target="_blank">blog</a>.</p>]]></description> <content:encoded><![CDATA[<div class='epvc-post-count'><span class='epvc-eye'></span> <span class="epvc-count"> 233</span><span class='epvc-label'> Views</span></div><p style="text-align: justify;">The life insurance contract is a savings solution allowing you to organize and optimize the management of your assets over the long term. It meets many heritage objectives. Review.</p><p style="text-align: justify;">This envelope, managed by an insurer or a<a href="https://investinfinance.com/"><strong> mutual insurance </strong></a>company, gives access to many investment vehicles, from the most cautious to the most dynamic, invested in different asset classes or geographical areas. These supports can be guaranteed in capital (funds in euros), or involve a risk of capital loss in exchange for a higher potential return (units of account). Asset allocation is carried out according to the profile of the investor and the investment horizon.</p><p style="text-align: justify;">Its flexibility of use and the relative liquidity of capital make it a privileged asset management tool. Indeed, as a subscriber / member, it is possible to make one-off or regular payments depending on your savings capacity and the capital remains available if needed.</p><p style="text-align: justify;">Life insurance makes it possible to meet five patrimonial objectives.</p><h3 style="text-align: justify;"><strong>1- Build up your capital</strong></h3><p style="text-align: justify;">Taking out a life insurance contract meets the asset objective of building up capital over time. Depending on a determined savings capacity, it is possible to fund the contract at any time through one-off payments or to make regular savings through scheduled payments.</p><h3 style="text-align: justify;"><strong>2- Valuing your capital</strong></h3><p style="text-align: justify;">Life insurance is a way to grow your capital. The media available offer the possibility of constructing an asset allocation in line with the investor profile and the investment horizon.</p><p style="text-align: justify;">Funds in euros have the advantage of guaranteeing the capital at least up to the net premiums and of capitalizing the “interest” acquired year after year thanks to the ratchet effect. Thus, not only the invested capital is protected but it progresses regularly. Euro funds are generally mostly invested in bonds, but may be partially invested in equities or real estate.</p><p style="text-align: justify;">Unit-linked vehicles enable investment in more dynamic asset classes in order to capture the potential rise in the financial markets but, on the other hand, present a risk of capital loss.</p><h3 style="text-align: justify;"><strong>3- Receive additional income</strong></h3><p style="text-align: justify;">The life insurance contract makes it possible to collect additional income thanks to regular or occasional partial redemptions (see here the taxation of redemptions in life insurance ).</p><p style="text-align: justify;">These redemptions benefit from preferential taxation, only the “interest” share on each redemption being taxed. In addition, the conversion of the capital into a life annuity provides guaranteed income for life in return for the unavailability of the capital.</p><h3 style="text-align: justify;"><strong>4- Pass on your heritage</strong></h3><p style="text-align: justify;">Life insurance makes it possible to anticipate and prepare for its transmission. By designating beneficiaries, the subscriber ensures, on his death, the transmission of a capital to his descendants, spouses and/or family, outside the rules of legal inheritance. It can also designate a beneficiary outside any family relationship, or even an association.</p><h3 style="text-align: justify;"><strong>5- Protect your spouse</strong></h3><p style="text-align: justify;">Life insurance is a wealth management tool to improve the situation of the surviving spouse . By designating the spouse as the beneficiary of the contract, it is possible to attribute to him a share of the inheritance greater than that which would normally accrue to him in the succession. Indeed, subject to manifestly exaggerated premiums, life insurance contracts are not subject to legal inheritance.</p><p style="text-align: justify;">Life insurance also makes it possible to protect your cohabiting partner or PACS partner whose interests are not protected by the civil law of succession , which considers them as third parties to the succession. Beyond the transmission of a capital, certain contracts settled in the form of a life annuity for the benefit of the subscriber, protect the surviving spouse thanks to the reversion.</p><p style="text-align: justify;">The articles published on this blog have been written by Primonial and have an exclusively informative objective. They are not intended to be exhaustive and remain general in nature. Furthermore, the assessments made reflect the opinion of their authors on the date of publication and are likely to change subsequently.</p><p style="text-align: justify;">Neither the articles nor the information contained therein can be considered as investment advice, an investment proposal, an offer or a solicitation to buy, subscribe or sell a financial instrument or any other product and investment support.</p><p style="text-align: justify;">The legal and tax information contained in this document is up to date at the time of its publication and may be modified subsequently. The simulations presented were carried out according to financial assumptions and the regulations in force to date, these elements are likely to evolve. The information contained in this document was taken from sources believed to be reliable and up-to-date at the time of its publication, however its accuracy cannot be guaranteed.</p><p>The post <a href="https://investinfinance.com/5-good-reasons-to-take-out-a-life-insurance-policy/" target="_blank">5 good reasons to take out a life insurance policy</a> first appeared on <a href="https://investinfinance.com/" target="_blank">blog</a>.</p>]]></content:encoded> <wfw:commentRss>https://investinfinance.com/5-good-reasons-to-take-out-a-life-insurance-policy/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Become a savings and investment ace</title> <link>https://investinfinance.com/become-a-savings-and-investment-ace/</link> <comments>https://investinfinance.com/become-a-savings-and-investment-ace/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Tue, 07 Feb 2023 12:01:35 +0000</pubDate> <category><![CDATA[Finance]]></category> <guid isPermaLink="false">https://investinfinance.com/?p=33</guid> <description><![CDATA[<p>131 ViewsThe good old passbook offers security, but also a low return. To give you an idea: if you deposited 100 euros in a savings account 10 years ago and have not touched it since then, these 100 euros (despite the interest received) are only worth 87 today. euros… The reason? Inflation, loss of purchasing […]</p><p>The post <a href="https://investinfinance.com/become-a-savings-and-investment-ace/" target="_blank">Become a savings and investment ace</a> first appeared on <a href="https://investinfinance.com/" target="_blank">blog</a>.</p>]]></description> <content:encoded><![CDATA[<div class='epvc-post-count'><span class='epvc-eye'></span> <span class="epvc-count"> 131</span><span class='epvc-label'> Views</span></div><p style="text-align: justify;">The good old passbook offers security, but also a low return. To give you an idea: if you deposited 100 euros in a savings account 10 years ago and have not touched it since then, these 100 euros (despite the interest received) are only worth 87 today. euros… The reason? Inflation, loss of purchasing power, everything becomes more expensive… In short, your money loses its value.</p><h2 style="text-align: justify;"><strong>Become a savings and investment ace</strong></h2><p style="text-align: justify;">So, isn’t it better to <a href="https://investinfinance.com/"><strong>invest your money</strong></a>? Investing it in stocks, funds and/or bonds is certainly a good alternative if you don’t need it right away. Investing provides a potentially higher return, but also involves risk.</p><p style="text-align: justify;">The information below will help you navigate the world of investing. In particular, we discuss your financial serenity, we introduce you to the stock market and we show you the advantages and pitfalls of investing. Finally, we would like to end with “sustainable investing”, which will again be a major trend in 2022. Take the time to read the information and advice we have gathered, and put the odds in your favor to save and invest. !</p><h2 style="text-align: justify;"><strong>What about your financial serenity ?</strong></h2><p style="text-align: justify;">There is indeed a direct relationship between happiness, financial situation and serenity. Being satisfied with one’s financial situation boosts mental well-being. Moreover, the more serene you feel about the future, the more likely you are to be happy. It is therefore essential to combine these two aspects.</p><p style="text-align: justify;">Curious to assess your level of financial serenity? In this case, know that you can objectify it via our ‘ Financial Serenity Barometer ‘. Take the test now, and even more: compare your score to that of the average Belgian and then benefit from sound advice from reliable NN experts. What free you from your worries and give you an extra boost of confidence.</p><h2 style="text-align: justify;"><strong>What exactly is meant by financial resilience?</strong></h2><p style="text-align: justify;">It’s not when you retire that you have to worry about your financial situation, it’s now that you have to watch your budget closely. If you manage your finances well throughout your working life, you’ll already be on the right track.</p><p style="text-align: justify;">But that’s easier said than done, because there’s no shortage of challenges. There are four types of resilience on which we can rely to look to the future with serenity: financial, intellectual, social and mental. This is obviously the first that we will discuss in detail.</p><p style="text-align: justify;">Financial resilience manifests itself in different areas:</p><p style="text-align: justify;">Above all: have enough liquidity (cash) .</p><p style="text-align: justify;">Protect against financial setbacks with a savings cushion or insurance .</p><p style="text-align: justify;">Make arrangements today so you can enjoy a worry-free pension later .</p><p style="text-align: justify;">Build up reserves so that you can lead the life you want. What will you do if you want to take a trip around the world, take a sabbatical to go back to school or devote yourself to volunteering?</p><h2 style="text-align: justify;"><strong>Build a financial plan that works</strong></h2><p style="text-align: justify;">A financial plan takes into account the different components of your assets, your projects and your plans for the future. Based on this plan, then identify any gaps with the help of an expert: are there any adjustments that need to be made, are there enough prospects for the future?</p><p style="text-align: justify;">In short, it is a question of making an in-depth analysis of your financial situation, your income and your expenses, the risks in the event of illness, incapacity for work, pension and death .</p><p style="text-align: justify;">It’s a fact: those who draw up a financial plan (and who really stick to it…) are more serene about their own financial future. But how do you go about doing it wisely? Start by asking yourself 3 central questions:</p><h2 style="text-align: justify;"><strong>What is my current financial situation? In short, take stock of your income, expenses and assets.</strong></h2><p style="text-align: justify;">What are my short and/or longer term projects? As far as the long term is concerned: you can find on mypension.be a precise estimate of your future legal pension and the date on which you can actually retire. You will also find there the amount of supplementary pension that you have already saved through your employer or your self-employed activity.</p><h2 style="text-align: justify;"><strong>How do I set up my financial plan?</strong></h2><p style="text-align: justify;">Important note : It is essential to regularly evaluate and adjust your financial plan. And this according to the evolution of your financial situation (eg new job with a higher salary) but also family (eg expansion of the family).</p><p style="text-align: justify;">In summary, your financial plan follows your life course and systematically takes your wishes into account, it gives you a better overview of your financial situation and shows you the opportunities, but also the risks. Thanks to him, you have better control of your financial situation and therefore you have more peace of mind.</p><h2 style="text-align: justify;"><strong>Investing, what exactly is it ?</strong></h2><p style="text-align: justify;">Belgians remain viscerally attached to their beloved old savings account. No less than 278 billion euros are based there. And this while the rates are historically low. In our country, the legal minimum interest rate for regulated savings books is 0.11%. With an average inflation rate of 2%, this actually means that your savings are rapidly losing value.</p><p style="text-align: justify;">Even worse, the longer you leave your money in your savings account, the more your purchasing power diminishes. And even worse: you risk losing money!</p><h2 style="text-align: justify;"><strong>A bit of common sense, a roadmap and a guide.</strong></h2><p style="text-align: justify;">Invest then? This is definitely an interesting option worth considering. We can make the comparison with a second-hand website on which the law of supply and demand plays. If many Internet users bid on a used car, its price increases.</p><p style="text-align: justify;">It’s a good thing for the seller, but it’s less interesting for someone who wants to buy the car at that time. And conversely: if few people are interested in the car, the seller will obtain a lower price and it is the buyer who will get a good deal.</p><p style="text-align: justify;">Anyone can invest. You don’t have to be immensely rich. All you need is a bit of common sense, a clear road map and a reliable guide to go with you.</p><h2 style="text-align: justify;"><strong>Everything happens in the stock market.</strong></h2><p style="text-align: justify;">This is where companies find fresh money to develop and/or innovate. It is the investors who give them this money, but obviously not without compensation: they expect something in return. Because what every investor wants above all is to profit from his investment.</p><p style="text-align: justify;">In exchange for the money you invest, you own bonds and stocks . In the case of a bond, you play the role of a bank. You lend money to a company and the company pays you interest. By acquiring a share, you become a co-owner of the company and therefore also share in the profits or losses.</p><h2 style="text-align: justify;"><strong>The differences at a glance:</strong></h2><p style="text-align: justify;">Share : fraction of the total capital of a company. As a co-owner, you participate in profits and losses.</p><p style="text-align: justify;">Obligation : proof that you have lent money to a company. In return, it earns you interest.</p><p style="text-align: justify;">government bonds : in addition to companies, governments also solicit loans from the general public. A loan issued by a state is called a government bond.</p><p style="text-align: justify;">Funds : collects money contributed by various investors. The fund then invests all of the capital in various investment products, such as stocks or bonds.</p><p style="text-align: justify;">Investing is above all about making your money work! You invest your money so that it will be profitable in the long term. It’s more risky, but if you follow a few basic rules , you can stay in control.</p><p style="text-align: justify;"><p>The post <a href="https://investinfinance.com/become-a-savings-and-investment-ace/" target="_blank">Become a savings and investment ace</a> first appeared on <a href="https://investinfinance.com/" target="_blank">blog</a>.</p>]]></content:encoded> <wfw:commentRss>https://investinfinance.com/become-a-savings-and-investment-ace/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Apply for a work loan</title> <link>https://investinfinance.com/apply-for-a-work-loan/</link> <comments>https://investinfinance.com/apply-for-a-work-loan/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Tue, 07 Feb 2023 11:55:46 +0000</pubDate> <category><![CDATA[Loan]]></category> <guid isPermaLink="false">https://investinfinance.com/?p=30</guid> <description><![CDATA[<p>126 ViewsYou are considering work in your home. This raises the problem of the budget and the financing of this work. How to choose a work loan? What works can be financed? For how long and at what rate? We explain the essentials to you. Works loans: which works are eligible? It is possible to […]</p><p>The post <a href="https://investinfinance.com/apply-for-a-work-loan/" target="_blank">Apply for a work loan</a> first appeared on <a href="https://investinfinance.com/" target="_blank">blog</a>.</p>]]></description> <content:encoded><![CDATA[<div class='epvc-post-count'><span class='epvc-eye'></span> <span class="epvc-count"> 126</span><span class='epvc-label'> Views</span></div><p style="text-align: justify;">You are considering work in your home. This raises the problem of the budget and the financing of this work. How to choose a<a href="https://investinfinance.com/"> <strong>work loan</strong></a>? What works can be financed? For how long and at what rate? We explain the essentials to you.</p><h2 style="text-align: justify;"><strong>Works loans: which works are eligible?</strong></h2><p style="text-align: justify;">It is possible to take out a work loan for different types of project. You can apply for a loan to enlarge your house, renovate your main residence or improve the energy performance of your rental property.</p><h2 style="text-align: justify;"><strong>Fundable projects:</strong></h2><p style="text-align: justify;">Work to improve energy performance ,</p><p style="text-align: justify;">Work to adapt housing to handicaps (interior and exterior).A work loan can allow you to finance the purchase of materials to carry out this work, provided that you choose a company to carry out the installation.For people living in an apartment within a condominium, the cost of certain interventions on the common parts of the property can be financed by a work loan.This list of projects for your accommodation is not exhaustive. Find all the work that can be financed on the product sheets corresponding to our loans.Are you employed in the agricultural sector? Discover the conditions of the AGRI-Travaux and AGRI-Agrandissement loans to carry out work in your home.The documents to be provided to obtain a work loan</p><p style="text-align: justify;"><strong>Your credit application file must contain:</strong></p><p style="text-align: justify;">Recent proof of identity and address,Detailed invoices from companies or service providers less than 3 months old (issued in the name of the loan beneficiary).These are proof of expenses. They will be requested from you by your bank or credit institution when paying the loan amount in order to verify that the use of the funds is in accordance with the credit .</p><h2 style="text-align: justify;"><strong>You can submit your application file to different organizations:</strong></h2><p style="text-align: justify;">banking institutions,</p><p style="text-align: justify;">financial organizations,</p><p style="text-align: justify;">Consumer credit organizations.</p><p style="text-align: justify;">Thanks to Action Logement, I was able to renovate my apartment.</p><p style="text-align: justify;">The amount of a personal loan cannot exceed 75,000 euros (articles L. 312-1 and following + articles R. 312-2 and following of the consumer code).</p><h2 style="text-align: justify;"><strong>Characteristics of the work loan</strong></h2><p style="text-align: justify;">The works loan is a consumer loan and not a mortgage. Its amount can only be devoted to carrying out work. And to ensure that this obligation is respected, the organization is entitled to claim quotes and invoices from the borrower.</p><h2 style="text-align: justify;"><strong>Is the work loan an assigned loan?</strong></h2><p style="text-align: justify;">No. As part of an assigned loan, the capital is not paid into the borrower’s bank account. The bank or financial institution pays directly the company that provided the services.</p><h2 style="text-align: justify;"><strong>The rates of the loans financing the works</strong></h2><p style="text-align: justify;">The amount of the work loan can be between 200 and 75,000 euros and the minimum repayment period must be greater than 3 months.</p><h2 style="text-align: justify;"><strong>The fixed rate work loan</strong></h2><p style="text-align: justify;">The interest rate does not change until the end of the repayment of the loan. Your monthly payments do not change.</p><h2 style="text-align: justify;"><strong>What is the Annual Percentage Rate (APR)?</strong></h2><p style="text-align: justify;">The annual effective annual rate (APR) is the rate that will take into account all the costs incurred by taking out a work loan (bank interest, cost of compulsory insurance, etc.).</p><p style="text-align: justify;">It makes it possible to compare several loan offers according to their total cost, on the condition that the amount borrowed is identical.</p><h2 style="text-align: justify;"><strong>The duration of the work loan</strong></h2><p style="text-align: justify;">To obtain the payment of the funds of your work loan you must send (within a maximum period of 3 months from the completion of the work):</p><p style="text-align: justify;">Detailed invoices dating from less than 3 months drawn up in the name of the beneficiary of the loan, signed and dated by the service providers, proving the use of the funds,</p><p style="text-align: justify;">Proof of purchase of materials provided that the installation is carried out by a company.</p><p style="text-align: justify;">If it is work carried out on the common parts of the co-ownership of a main residence, the amount requested will be released on production of the call for funds sent by the trustee showing your share.</p><h2 style="text-align: justify;"><strong>Reimbursement of the work loan</strong></h2><p style="text-align: justify;">If the amount you have requested for your loan is ultimately greater than the amount necessary to carry out your work and you have unreleased capital left, you can decide to repay part or all of your work loan, we then speak of prepayment. However, your contract may provide for prepayment penalties (Pra).</p><p style="text-align: justify;"><p>The post <a href="https://investinfinance.com/apply-for-a-work-loan/" target="_blank">Apply for a work loan</a> first appeared on <a href="https://investinfinance.com/" target="_blank">blog</a>.</p>]]></content:encoded> <wfw:commentRss>https://investinfinance.com/apply-for-a-work-loan/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>How can apply for a work loan?</title> <link>https://investinfinance.com/how-can-apply-for-a-work-loan/</link> <comments>https://investinfinance.com/how-can-apply-for-a-work-loan/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Tue, 07 Feb 2023 11:49:21 +0000</pubDate> <category><![CDATA[Loan]]></category> <guid isPermaLink="false">https://investinfinance.com/?p=26</guid> <description><![CDATA[<p>110 ViewsThe work loan is intended for all individuals who wish to carry out work on their home. This credit allows you to obtain the necessary capital to improve the comfort of your home. Whether it is renovation, construction or expansion work, the work loan perfectly adapted to meet your needs. But how to get […]</p><p>The post <a href="https://investinfinance.com/how-can-apply-for-a-work-loan/" target="_blank">How can apply for a work loan?</a> first appeared on <a href="https://investinfinance.com/" target="_blank">blog</a>.</p>]]></description> <content:encoded><![CDATA[<div class='epvc-post-count'><span class='epvc-eye'></span> <span class="epvc-count"> 110</span><span class='epvc-label'> Views</span></div><p style="text-align: justify;">The work loan is intended for all individuals who wish to carry out work on their home. This credit allows you to obtain the necessary capital to improve the comfort of your home. Whether it is renovation, construction or expansion work, the work <a href="https://investinfinance.com/"><strong>loan perfectly</strong></a> adapted to meet your needs. But how to get it?</p><h2 style="text-align: justify;"><strong>For which works can you obtain a works loan?</strong></h2><p style="text-align: justify;">The work loan offers you several possibilities. In effect. It is useful when it comes to decorating your interior, carrying out roofing work or insulating your attic.</p><p style="text-align: justify;">If you are looking for a source of financing to properly fit out your entire home, then the work loan is the ideal solution, as Vos Finances indicates .</p><p style="text-align: justify;">It should also be noted that you have the possibility of carrying out work both inside and outside your home. You can therefore request a work loan to carry out an earthmoving operation or build a swimming pool. The construction and development of a garden can also be carried out with the financing obtained through the work loan.</p><p style="text-align: justify;">It is also important to remember that this type of credit is perfect for all types of work. You can carry out large-scale works or buy Accessories for your kitchen, your bathroom.</p><p style="text-align: justify;">The work loan is also useful for paying the various services of the workers who carry out work in your home. Let us simply remember that the sum granted by the credit institution can be used as you see fit.</p><h2 style="text-align: justify;"><strong>What works can you get a works loan for?</strong></h2><p style="text-align: justify;">This type of credit is mainly requested by homeowners. They are essentially looking to improve their residence, whether secondary or primary. Tenants can also obtain this type of loan in order to properly develop their interior. However, not all work can be carried out in a rented house without the prior agreement of the owner. The latter must also fulfill his duty by carrying out repairs in the rented residence.</p><p style="text-align: justify;">It should be noted that any individual who wishes to obtain a loan must have a stable financial situation. This will allow him to repay his loan. Therefore, if you have a stable job, then you are eligible for a work loan. Thus, state employees and those who work in the private sector and benefit from a permanent contract are favored by credit institutions.</p><p style="text-align: justify;">Also note that the co-owners can also request a works loan.</p><h2 style="text-align: justify;"><strong>The unrestricted personal loan</strong></h2><p style="text-align: justify;">In this case, the borrower has a sum of money that he can use as he sees fit. He can therefore use this sum of money to carry out work in his house.</p><p style="text-align: justify;">The individual has no obligation to provide explanations to the credit institution after having used the credit he has obtained.</p><h2 style="text-align: justify;"><strong>The assigned credit</strong></h2><p style="text-align: justify;">This type of loan is intended for the realization of a well-defined project.</p><p>The post <a href="https://investinfinance.com/how-can-apply-for-a-work-loan/" target="_blank">How can apply for a work loan?</a> first appeared on <a href="https://investinfinance.com/" target="_blank">blog</a>.</p>]]></content:encoded> <wfw:commentRss>https://investinfinance.com/how-can-apply-for-a-work-loan/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>How to choose a specialized and competent lawyer?</title> <link>https://investinfinance.com/how-to-choose-a-specialized-and-competent-lawyer/</link> <comments>https://investinfinance.com/how-to-choose-a-specialized-and-competent-lawyer/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Tue, 07 Feb 2023 11:40:49 +0000</pubDate> <category><![CDATA[Law]]></category> <guid isPermaLink="false">https://investinfinance.com/?p=21</guid> <description><![CDATA[<p>117 ViewsHe must advise the person who comes to consult him and that he will eventually assist. As such, he gives legal consultations during which he provides information on the chances of success of a procedure, the stages of drafting a contract or the cost of litigation. A certification role He is empowered to countersign […]</p><p>The post <a href="https://investinfinance.com/how-to-choose-a-specialized-and-competent-lawyer/" target="_blank">How to choose a specialized and competent lawyer?</a> first appeared on <a href="https://investinfinance.com/" target="_blank">blog</a>.</p>]]></description> <content:encoded><![CDATA[<div class='epvc-post-count'><span class='epvc-eye'></span> <span class="epvc-count"> 117</span><span class='epvc-label'> Views</span></div><p style="text-align: justify;">He must advise the person who comes to consult him and that he will eventually assist. As such, he gives legal consultations during which he provides information on the chances of success of a procedure, the stages of drafting a contract or the cost of litigation.</p><h2 style="text-align: justify;"><strong>A certification role</strong></h2><p style="text-align: justify;">He is empowered to countersign deeds under private signature such as contracts. The certification of an act by a lawyer gives it real legal certainty. This prevents any subsequent litigation between the parties.</p><h2 style="text-align: justify;"><strong>A representative role</strong></h2><p style="text-align: justify;">He acts in place of his client for any act before the courts, whether civil or criminal, and with various other players in the justice system. In the exercise of this mission, he accomplishes all the formalities on behalf of the person he represents and takes the floor, during the hearings, to explain the position of his client before the court.</p><h2 style="text-align: justify;"><strong>A support role</strong></h2><p style="text-align: justify;">In this context, he can access the investigation file at any time during criminal proceedings to prepare his client’s defence . He is empowered to request additional investigations from the investigating judge.</p><h2 style="text-align: justify;"><strong>Good to know: The importance of the first contact with a lawyer</strong></h2><p style="text-align: justify;">Given the significant powers conferred on him, it is essential to have a good relationship with his lawyer. You must be able to trust him to serve your best interests in the context of a dispute such as the drafting of a contractual document.</p><h2 style="text-align: justify;"><strong>Should you choose a specialist or generalist lawyer?</strong></h2><p style="text-align: justify;">The choice of a general or specialized lawyer will depend on the reason that leads you to seek the assistance of this professional. As a general rule, for a professional dispute, it is advisable to opt for a lawyer with a specialization in the field concerned so that he can best defend your interests. To do this, it is important to clearly determine your needs and to have a minimum knowledge of the different areas of intervention of <a href="https://investinfinance.com/"><strong>lawyers</strong></a> .</p><p style="text-align: justify;">A generalist lawyer is able to take care of all cases, but, in fact, all lawyers have one or more specializations chosen during their studies. When you are an entrepreneur or director of a company, it is advisable to have recourse to a specialized lawyer.</p><p style="text-align: justify;">Most matters require the assistance of a lawyer with fine and precise knowledge in the following areas:</p><p style="text-align: justify;">t is a fairly broad law that encompasses a large number of subjects, namely company law, company procedures in difficulty, labor law, contract law, taxation, intellectual property law.</p><p style="text-align: justify;">It designates all the rules governing the life of companies from their creation to their disappearance.</p><h2 style="text-align: justify;"><strong>commercial law</strong></h2><p style="text-align: justify;">The commercial lawyer deals with all the commercial relations of a company or a company. This can be the drafting of a contract, the establishment of a commercial lease or disputes with a commercial partner.</p><h2 style="text-align: justify;"><strong>Labor law or social law</strong></h2><p style="text-align: justify;">The lawyer specializing in labor law or social law is competent for all disputes between employers and employees.</p><h2 style="text-align: justify;"><strong>tax law</strong></h2><p style="text-align: justify;">It is a branch of law which concerns the rules of taxation of individuals, but also of businesses and companies.</p><h2 style="text-align: justify;"><strong>Intellectual property law</strong></h2><p style="text-align: justify;">Intellectual property law protects immaterial rights such as copyrights, trademarks, patents, image rights, counterfeiting.</p><h2 style="text-align: justify;"><strong>The law of new technologies</strong></h2><p style="text-align: justify;">With the development of the Internet and digital technology, a specific right to domain names, e-commerce, IT contracts and the protection of personal data has emerged.</p><h2 style="text-align: justify;"><strong>The law of companies in difficulty</strong></h2><p style="text-align: justify;">It is a specific branch of business law that comes into play when the company is in a situation of safeguarding, recovery or judicial liquidation.</p><p style="text-align: justify;">In civil matters, it is only mandatory for disputes over €10,000. Moreover, it is not imposed for proceedings before the criminal court. Nevertheless, representation by a lawyer is strongly recommended to defend your interests in cases that can be complex and require specific know-how and skills.</p><h2 style="text-align: justify;"><strong>Should I choose a lawyer who is geographically close?</strong></h2><p style="text-align: justify;">You should know that the choice of a lawyer is totally free, without territorial limitation. However, a lawyer can only apply, that is to say carry out the formalities relating to a dispute on your behalf, before the courts of the jurisdiction of the court of appeal in which he has fixed his professional residence. If you choose a lawyer outside the jurisdiction of the court who must examine your case to represent you, the latter will have to use what is called a solicitor to carry out the legal proceedings.</p><p style="text-align: justify;">Choosing a lawyer near the premises of your business or the head office of your company can be useful if you call on him for an advisory mission. This is the case for the drafting of a contract or even a legal consultation.</p><p style="text-align: justify;">In the context of a dispute, it is not uncommon for the court seized to be not located near your premises. In this case, it is better to choose a lawyer close to the place of examination of the case. To do this, you will need to contact the bar of the tribunal de grande instance (TGI) concerned to obtain the list of lawyers who are registered there.</p><p style="text-align: justify;">These legal professionals freely determine the cost of their services depending, in particular, on the time spent and the complexity of the case. It is advisable to inquire in advance about the required fees.</p><p style="text-align: justify;">To find a good lawyer , it can be useful to be accompanied . Captain Contract offers you lawyers with recognized skills to meet all your legal needs. And if you are not completely satisfied with the professional, we put you in touch with another lawyer as soon as possible.</p><p>The post <a href="https://investinfinance.com/how-to-choose-a-specialized-and-competent-lawyer/" target="_blank">How to choose a specialized and competent lawyer?</a> first appeared on <a href="https://investinfinance.com/" target="_blank">blog</a>.</p>]]></content:encoded> <wfw:commentRss>https://investinfinance.com/how-to-choose-a-specialized-and-competent-lawyer/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>The importance of team building activities for startups </title> <link>https://investinfinance.com/the-importance-of-team-building-activities-for-startups/</link> <comments>https://investinfinance.com/the-importance-of-team-building-activities-for-startups/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Tue, 07 Feb 2023 11:03:53 +0000</pubDate> <category><![CDATA[Business]]></category> <guid isPermaLink="false">https://investinfinance.com/?p=18</guid> <description><![CDATA[<p>110 ViewsSuccessful teams create successful businesses, but they don’t magically appear overnight. Assembling the right team to move your startup business forward will take focus, time, and hard work. It’s something you need to invest in if you want to maximize your chances of success. Why is your startup team important? The first people you […]</p><p>The post <a href="https://investinfinance.com/the-importance-of-team-building-activities-for-startups/" target="_blank">The importance of team building activities for startups </a> first appeared on <a href="https://investinfinance.com/" target="_blank">blog</a>.</p>]]></description> <content:encoded><![CDATA[<div class='epvc-post-count'><span class='epvc-eye'></span> <span class="epvc-count"> 110</span><span class='epvc-label'> Views</span></div><p style="text-align: justify;">Successful teams create successful businesses, but they don’t magically appear overnight. Assembling the right team to move your startup business forward will take focus, time, and hard work. It’s something you need to invest in if you want to maximize your chances of success.</p><h2 style="text-align: justify;">Why is your startup team important?</h2><p style="text-align: justify;">The first people you bring into your <a href="https://investinfinance.com/"><strong>startup business</strong></a> will help define your future corporate culture, and their behavior and attitudes will shape your company’s values. Think of your startup team as the base of your pyramid, you need a solid foundation to work from and you need to make sure their values are the ones you want to transfer as your job pyramid grows.</p><h2 style="text-align: justify;">Investors scrutinize your startup team</h2><p style="text-align: justify;">When you begin the fundraising process for your startup business, investors will want to see that you have the right team behind you to take you forward. Experience, attitude and professionalism will weigh heavily in your favor during scrutiny from investors, so make sure you hire the right people for the job and don’t be tempted to fill positions with friends or family members who might have the best intentions for your business.</p><h2 style="text-align: justify;">The growth of your business depends on your team</h2><p style="text-align: justify;">Your business growth factor is directly proportional to the effectiveness of your start-up team and for your business to succeed you need to ensure that the people you hire have.How will team building activities help you build a strong team?Hiring qualified people with a positive and dynamic attitude is a great start to building your startup team, but what comes next is ensuring that each individual hire works well together as a cohesive unit. In startups especially, early-stage teams often span departments, experience levels, ages, and seniority levels within your company, which can make it harder for them to work as a team</p><h2 style="text-align: justify;">Team building helps to improve communication with employees</h2><p style="text-align: justify;">Team building activities often focus on improving communication. Communication is vital in the workplace and especially in small tight-knit teams that may be spinning multiple plates at once. Miscommunication is responsible for many business mistakes and communication-focused team building tasks can help break down communication barriers which can then be transferred into the work environment.</p><h2 style="text-align: justify;">Team building helps promote positive friendships in the workplace</h2><p style="text-align: justify;">Spending more than 8 hours a day, 5 days a week, working closely as a team is much more enjoyable if people also have positive friendships at work. Team building activities give your staff a chance to bond outside of the work environment, see each other and strengthen their team bonds.</p><h2 style="text-align: justify;">Team building can help employees develop more self-confidence</h2><p style="text-align: justify;">Each member of your team will have their own strengths, which is why you hired them. However, some staff may also lack self-confidence, which could limit their use of these skills in the work environment. Team building activities can help build employees’ self-confidence by helping them realize the skills they have and making them feel more comfortable with other members of their team. Team building can improve productivity</p><p style="text-align: justify;">As already mentioned, team building can help boost morale, but it also helps teams practice working together in high-pressure situations to achieve a goal, which transfers well to the workplace, helping them perform better in times of pressure.</p><h2 style="text-align: justify;">What activities can you do for team building?</h2><p style="text-align: justify;">Team building activities don’t have to involve expensive country retreats, some of the most effective team building activities can be done on a budget and even in-house. Here are some examples of team building activities you could try.</p><h2 style="text-align: justify;">blindfold game</h2><p style="text-align: justify;">The blindfold game can be easily played in the office using desks and chairs as obstacles. Simply divide your team into pairs, one person will wear the blindfold and the other will guide them through the obstacles. It’s a great communication exercise and can really bring out different communication styles within your team.</p><h2 style="text-align: justify;">The drawing game</h2><p style="text-align: justify;">Write a few simple drawing ideas on scrap paper like “horse in a field”, “car in a driveway”, “monkey in a tree”, then place these scrap paper pieces in a hat or sketching bag. Again, divide your team into pairs and have each person take a drawing idea from the pile of scrap paper. Everyone must keep their drawing idea to themselves.</p><p style="text-align: justify;">Then, in pairs, have one person sit with a pencil and paper in front of them and their partner with their drawing idea stands behind. The object of the game is to explain to your partner what he needs to draw without mentioning what the drawing will be and the individual elements in it. It can be quite tricky, but it’s also a lot of fun. After an allotted time, say 90 seconds, swap and then reveal what the drawing should have been.</p><h2 style="text-align: justify;">Combine team building and team training</h2><p style="text-align: justify;">Team training days are another great opportunity for your employees to build their team relationships. Whether you need to learn more about cybersecurity or learn more about how to network successfully, a day of group team training can kill two birds with one stone.</p><h2 style="text-align: justify;"> Group board or card games</h2><p style="text-align: justify;">Sometimes it can be easy to overthink what a team building activity should be and just sitting down as a team to play a traditional board game or card game can be just as beneficial. to build team friendships and strengthen team bonds. Why not try classic card games on a Friday afternoon like rummy.</p><h2 style="text-align: justify;">An escape room</h2><p style="text-align: justify;">Escape rooms are another great and fun way to encourage team building, promote communication, encourage teamwork, and help your employees work under pressure. They also make great Christmas party activities.</p><p>The post <a href="https://investinfinance.com/the-importance-of-team-building-activities-for-startups/" target="_blank">The importance of team building activities for startups </a> first appeared on <a href="https://investinfinance.com/" target="_blank">blog</a>.</p>]]></content:encoded> <wfw:commentRss>https://investinfinance.com/the-importance-of-team-building-activities-for-startups/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel></rss> 
