It is no secret at this point that the salary of Spanish workers has been reduced in recent years, even reaching levels unthinkable a short time ago. And that mainly affects the youngest, who are the ones with the lowest wages. This can be attested according to the data provided by the Organization for Economic Cooperation and Development (OECD), which shows that the salary of young Spanish people has gone from 1.210 euros in 2008 to 890 euros in 2013, that is to say, a real fall of 35%.
Faced with such an unrewarding scenario in the labor market in our country, it is not surprising that those affected by these cuts in their pay try to obtain a supplement to their payroll. And in this way, enjoy a higher quality of life, and access to all the basic products for your daily life. To your satisfaction, you will always have opportunities to generate income other than those derived from their work, and that will serve them to settle debts, face the most necessary expenses, or in short, to indulge themselves with some regularity.
This salary strategy will not come, as many may guess, from giving way to moonlighting. But on the contrary, generated from their investments in the financial markets. Only one condition will be required, not easy to meet in all cases: have minimal savings to formalize operations. The more the merrier, and the performance will rise proportionally, based on your monetary contributions. Not surprisingly, many of the Spanish workers will have no choice but to adopt this initiative to continue with the same purchasing power as a few years ago.
Salary through the exchange
One of the strategies you have in front of you to obtain a supplement to your salary is through the equity investments. By means of a double modality, which will depend on the profile that you present as a small and medium investor. On the one hand, obtaining capital gains in operations carried out in financial markets. However, it will be very difficult to achieve a fixed salary every month, and with some regularity. To do this you must print a certain discipline to all movements in the stock market. Always through small operations, in which you can generate a small amount every month that is extended to your checking account.
However, you should avoid by all means getting hooked on the markets, since if this were the case, your entire strategy to improve your quality of life through these payments would collapse. It is preferable, therefore, make small profits not to wait for these to be really generous. It is the key to achieving success with your operations in the stock markets. And you can keep it for several months, even years if you are successful in the operations.
Of all, if you are not lucky enough to apply it, or you are simply not in a position to materialize this strategy to get an additional salary, do not worry excessively. There is another more decisive and simple way to get an additional salary, and without too much effort on your part. Perhaps not every month, but with certainty that every quarter you will have this remuneration. It is about through dividends distributed by publicly traded companies. And with which you can achieve a fixed annual return of up to 8%.
You will have a wide range of securities that distributes this cash payment among its shareholders. With guaranteed performance, and that in any case is superior to that offered by the main banking products for savings (time deposits, promissory notes, bonds, etc.). Not surprisingly, they will only provide you with a maximum interest of 0,50%, as a result of the cheaper price of money, after the measures imposed by the European Central Bank (ECB).
Regardless of how your investments are going, you will be creating a small savings bag every year. That will even serve to pay you a little whim, or even to pay for the next trip with your group of friends. With the advantage that you will receive them quickly in your checking account at the precise moment in which this payment is made. There are many companies that distribute them on a quarterly basis, including those from the banking sector.
With your contributions to investment funds
Given the not so healthy situation of your domestic economy, you will almost always be in a position to generate some atypical income with which you can manage the expenses you have to face and, why not, improve your standard of living with more cash inflows in your checking account, no matter how small. And another of the formulas that you have is materialized through investment funds. It is one of the most favorable instruments to achieve these objectives in increasing your salary.
You may not know it, but also through these financial products they can obtain dividends on a regular basis. It is a strategy that they are applying with some frequency. Although not with the generosity of shares on the stock market. In any case, you will be in a position to get a fixed income every year of up to 5%.
Not all investment funds carry out this monetary distribution, far from it, but it is a small selection that you must detect when subscribing. They can even come from fixed income, if you don't want to over-risk your savings. They will also go to your checking account on the dates on which they make this remuneration to the participants of the investment funds.
In any case, more options are opened to provide you with a complementary salary through this product for investment. Created an investment portfolio based on several funds with which you can encourage savings every month. It must be diversified for the operation to be carried out more successfully. Combining investment funds of fixed income with variable. Also with mixed models, and even alternative investment. And if you are a more aggressive investor, you can even introduce a financial asset based on raw materials.
If you have investment funds contracted, some of their formats also allow you to increase capital, although not as generously as in most equity securities. But it will be more than enough for you to reach the end of the month with the balance in your checking account more healthy. And in this way, eliminate the uncertainties that a low salary imposes on you, or even the last cut applied by the company.
Through more sophisticated products
As an alternative to investing, you have other products intended for investment, but that start from much more sophisticated models, and that carry more risks to your operations. Warrants, exchange-traded funds, derivatives or credit sales are just some of them. But do not be fooled, because although the return you can get from these products is very high, with even double-digit returns, on the contrary, you can lose excessive money in their operations.
And in any case, no less recommended to carry out operations to provide you with a small salary every month, or at least quarters.. You will not have any real guarantee that it will be so, and the problems can pile up whenever the investment does not develop as you had planted it at the beginning. And of course, without the distribution of any kind of dividends or regular distributions.
Only if you are an investor with some skill and experience to make operations profitable, will it be time to set yourself some minimum objectives for each year through a wide selection of financial products that can meet your investment expectations.
Taxes linked to equities
Finally, it will only be left as a last resort to achieve these desired objectives to opt for a series of safer products. And among them, the deposits tied to the stock market, even to other financial assets (gold, oil, raw materials, etc.). With your hiring you will get a fixed and guaranteed interest every year. Although not very high, around 0,50%. With what you will not meet the expectations created.
To improve these profitability margins, you will have no choice but the basket of shares linked to this product for savings achieve minimum objectives in your quote in the financial markets. Only in this way it is better to expand the interests, and reach a range between 2% and 3%. But be very careful about using this unique investment strategy, since it is not easy to meet the requirement, but rather the opposite. Not surprisingly, you should not have this extension in performance.
Given this scenario, it will be better for you to consider other less complicated formulas in term deposits. Mainly linking this product to the direct debit of the payroll, and that in their most aggressive offers they come to pay you up to a maximum interest of 5%. Another option that the banking system allows is that you go to the offers and promotions that they have been developing with some regularity, and that come up to offering you 2%. Although in exchange for very short periods that will not make you meet expectations.
Finally, obtain the deposit with the longest terms in its permanence, which can be 24, 36, or even more months. However, the improvement of interest that you can obtain is not very tempting, with only a few tenths above the more conventional products. And that will make you rethink whether it is really worth it to undertake this strategy to earn very few more euros.