If you want to grow some of your wealth through a contract of life insurance contracts that need to sell advertising, or sellers who make appointments later in the evening at home, or the contract offered by your bank, are perhaps not those that best meet your needs. How to navigate the myriad of life insurance contracts that exist? Here are the lessons I took away from my research.

A. What for?. As always, better know what you want. Would you take out a policy of life insurance primarily to transmit a heritage to your descendants, to ensure a comfortable retirement, or to obtain additional income which you will draw on as and when? Depending on your goals, you will not need the same number of investment funds available through the same contract or contract term life insurance, for example.
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Whether you purchased a PEA or contract of life insurance, your policy offers several funds in which to invest your money. You must choose these funds for optimal performance. Several strategies are possible, which depend on the objectives that you set.

One strategy that produces good results, is to minimize your expenses to maximize your winnings. We are accustomed to thinking that by paying more, we have more for our money. This is not true for mutual funds. Every euro we spend on miscellaneous and varied is one euro less won with our investments. We have seen that one euro can be transformed by the magic of compound interest and in a very large sum . It is therefore essential to keep your investment costs as low as possible.
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It’s done! You have chosen a PEA or an insurance-linked life, perhaps even by following my advice for making a good choice . You are now facing the most difficult step, especially when one begins: choosing the right funds under this contract. Depending on the level of risk you are willing to take, you will play caution in relying on index funds , or you take more risks in order to obtain a further improvement. Here’s how I choose my side my money, to get the best possible performance.

Get an updated list of funds available to you. If you followed my advice , you have opted for a contract that offers at least a hundred funds. Otherwise you will find it hard to diversify, especially in the long term. Make sure you have the latest list of funds available with your contract.
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What are your financial goals? If your answer is “more money” or better “prepare for my retirement,” you do what it takes to not get there. Simply because even with the most beautiful cars, if you do not know precisely where you want to go, you will not get anywhere. By deciding in encrypted form what are your goals as you can deduce what strategy to use and what financial products.

List your top 5 values. Your actions are guided by your values. -What is most important to you? Friendship, love, honesty, freedom, security, success … ? Take a good half hour to calm to think honestly. Write down what is most important to you in life.
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Do you really know what actions do everyday to save the environment? Everyone talks about it today and you have so much information it is difficult to find, keep everything in memory. Yet, in helping to save our planet, you’ll make a lot of savings, leaving you more money to invest in a socially responsible and get rich. For my part, I find it useful to summarize in four main areas, easy to remember, my daily actions for the environment:

Save water, electricity and heating. Leaks of water, those of the flush valve and, in particular. Prefer the shower to the bath. Turn off your appliances instead of leaving them on standby. Use compact fluorescent bulbs that last much longer and use less. Heating at 1 ° C lower, you will earn 7% on your heating bill. Check the energy label before buying appliances, choosing those who consumed the least.
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Reached the retirement age, there are only about 5% of French to be financially independent. 95% of French people can not maintain their lifestyle when they retire. However do not rely on the pension system proposed by the state you live so uncomfortable at best. Now a retired affects between 35 and 60% of final salary. In 2050, it will be more than 50% of that amount, according to the most optimistic projections. If in a rich country like France, only 5% of the population are able to become financially independent, it is mainly because of what we choose to do with the money that passes hands. To simplify, there are three styles of financial life:
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You want to prepare a good plan? Become richer? Grow your capital? The vast majority of people have these goals. But do you spend a lot of time to plan your expenses and investments? Do you think you have enough time to manage your finances properly? When you choose what you do with your time managing your property going on it before all other activities? It is the difference between having goals and focus on achieving them. How long do you think you need each month to grow your investments?

I do not have time. Your career is your time? You do not have twenty hours per week to lose track of your investments? You think it’s hopeless? You might be surprised.
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Want to put money aside for your projects? You could even invest to prepare for your retirement or generate additional income. But this seems impossible. You just have little to late. You can not automatically set aside a sum every month. How to set money aside without it being painful, without it takes too much effort, you could not hold over time? The principle is simple: look at the beginning of what you can spend months and after each expense, subtract an amount higher than that actually paid. I know at least three ways to practice effectively. Choose the one that suits you best, or three, depending on what works for you.
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Do you know the basic rules to get by financially? The ones you hear everywhere, often repeated, about the financial decisions that you must take regularly. How much should you put aside? Is it better to rent or buy? When do you renegotiate your mortgage? If you were to select only twenty basic rules, which would you keep? Here is my short list, after having consulted several Internet in various journals and reminding me of what my environment taught me:

Rule # 1: Do not go into debt to the tune of more than two and a half times your annual income to finance your home. Your initial contribution must not exceed 20% of the total cost if you think that your investments do not beat the interest rate on the loan.
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You may, like me, had the opportunity to own your home. Then you realized that the purchase price shown is only part of the total cost you are paying as the owner . In addition your agency fees, notaries public, the interest on your credit, your credit and home insurance, property taxes, repairs, maintenance, improvement, decoration … While a good company employs people to calculate the total cost of ownership (TCO or Total Cost of Ownership in English) of its purchases in general we look at the price on the label.
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