Collective Calling

Author: admin

  • A word from our sponsor

    A word from our sponsor

    Interest rates have been at historical lows for most of the last 15 years or so, and now they have started to rise again.  This is bad news for borrowers, but good news for savers!  Savers have had very little to talk about for most of this time and a problem that they have not had to worry a lot about is having to pay much tax on the interest their savings were receiving, because the rate earned simply wasn’t very much, if anything at all.

    Now that rates have crept up and people are starting to see a return on their money, they need to consider if a tax liability will arise.  What very few realise, is that by holding your savings/investments in a certain way, you can defer this tax liability and get your returns to compound over time.

    Compound interest is very effective and often understated.  By way of an example, if a Spanish resident received 5% interest on a 100,000 EUR investment, they would earn 5000 EUR in year 1, but the starting rate of tax on savings is 19% meaning this is reduced to 4,050 EUR. Over a 10 year period, the 100,000 EUR would be worth 148,737.63 EUR.

    In comparison, held efficiently with tax-deferral allowing for increased compound growth, the same 100,000 EUR generating the same 5% return, would be worth 162,889.46 EUR.

    In year 2 your 5% return on 105,000 EUR would earn you 5,250 EUR.  By year 3, your return would be 5,512.50 EUR. By year 10, your 100,000 EUR investment would now be worth 162,889.46 EUR.

    Should an individual wish to receive income from their investments to live off, having the right structure can hugely reduce the amount of revenue lost to tax each month.

    Contact us to find out more and to make sure your money is working hard for you, rather than you having to work hard for your money.

    iain.mckay@baycrestwealth.com

    +34 951 668108

    +34 660 289615

  • CHANGEMAKERS

    CHANGEMAKERS

    The CHANGEMAKERS of the Costa Del Sol have embarked on an empowering journey with our first two monthly gatherings, uniting individuals committed to making a significant impact through decisive action. As CHANGEMAKERS, we come together as a community of like-minded souls, supporting each other in identifying, nurturing, and utilizing our unique talents to spark a tidal wave of LOVE. Each gesture of kindness and love creates a ripple effect, motivating more individuals to cast that same light of love into the world.

    Our inaugural event set the stage for this movement, igniting our collective passion to be the change we wish to see. Following this, our March gathering, centered on the theme of HOPE, explored its vital role in our lives and the ways we can embody and extend hope to uplift those around us. The gathering was elevated by the presence of a guest speaker, whose life journey from homelessness to pioneering a global happiness initiative, added a powerful layer of inspiration. Their story not only instilled a deeper sense of hope within us but also encouraged all CHANGEMAKERS to become luminaries of hope in our communities and beyond. We are the CHANGEMAKERS, and together, we are weaving a legacy of love and transformation.

  • Drought in Spain Exacerbates Struggles for the Homeless

    Drought in Spain Exacerbates Struggles for the Homeless

    As Spain grapples with one of its most severe droughts in decades, the ripple effects are felt across the nation, with the homeless community bearing a disproportionate burden of the crisis. The scarcity of water has not only strained agricultural and urban water supplies but has also intensified the challenges faced by the most vulnerable populations in terms of maintaining basic health and hygiene.
    The drought, which experts attribute to a combination of climate change and unsustainable water management practices, has led to dwindling water reserves in reservoirs and aquifers. In urban areas, this has resulted in stricter water usage regulations and reduced access to public amenities that provide water, such as showers and drinking fountains, which are lifelines for those without a home.
    For the homeless, who already navigate the hardships of exposure to the elements and limited access to resources, the drought has made it increasingly difficult to find water for drinking and personal hygiene. The lack of clean water heightens the risk of dehydration, heatstroke, and sanitation-related illnesses, which can be particularly devastating for individuals with no shelter or place to recuperate.
    The drought in Spain is not just an environmental or economic issue; it is a humanitarian one that calls for urgent attention and action. Ensuring access to water and hygiene facilities for the homeless is not only a matter of health but also a measure of a society’s compassion and resilience in the face of adversity.
  • This Too Shall Pass

    This Too Shall Pass

    Here is a word from one of our valued sponsors “Baycrest Wealth”
    In times of difficulty, this phrase offers solace by suggesting that even the most trying circumstances are fleeting. It encourages resilience, patience, and the understanding that challenges are not permanent fixtures in our lives. This perspective can provide comfort during moments of adversity, helping us navigate through tough times with the knowledge that, like everything else, hardships too will pass.
    Conversely, when life is filled with moments of joy and success, it serves as a reminder to appreciate and savour the present. It urges us to embrace gratitude and mindfulness, recognizing that even the most blissful moments will give way to new experiences and phases.
    In essence, this encapsulates the wisdom of understanding life as a series of interconnected moments, each flowing into the next. It serves as a gentle reminder to embrace the ephemerality of our human experience and to find meaning, growth, and beauty in every phase, knowing that, ultimately, every end gives way to a new beginning.
    The same ideology can be applied to the financial markets where the only constant is change itself. Rather than solo navigating the turbulent waters wouldn’t it be reassuring to have a company that has the experience, knowledge, qualifications and empathy to hold your hand through the diverse transitions?
    Get in touch today to have a FREE, no obligation chat about how we can help you!