Luis Alberto Iglesias, consultant: “Save and invest; it can change your life”

“Save and invest, and don’t look back; it could change your life,” said consultant Luis Alberto Iglesias during the employment series employment Master's Degree students Master's Degree the University of Navarra, where he explained how to successfully invest their first paycheck.

consultant opened the session with a thought-provoking question: “How can inflation in Spain be different from that in Italy or Germany if we share the same currency? It should be the same money for everyone.” Luis Alberto Iglesias explained the effects of inflation and how, year after year, it erodes our purchasing power if we don’t mitigate its impact on our personal finances.

“Generally speaking, we save in the worst possible way,” he said, backing up his point with fees savings fees paid by Spanish households. In light of this, he offered some advice to students: “Look for an account that generates returns and a fixed-term deposit. This is your first line of defense: it should, at entrance, keep pace with inflation.”

“Start planning for your retirement and your future now,” emphasized Iglesias, who noted that by the time the students who are entering employment for the first time this year reach the end of their working lives, retirement pensions will be insufficient, and cuts and changes will remain inevitable.

“Most people thought that saving was simply a matter of income minus expense equals what you can save each month, but in reality, saving comes before spending and should happen without us even noticing,” concluded Iglesias. “Save and invest. That way, you can invest to protect and build your future.”

The meeting Luis Alberto Iglesias wrapped up the employment series, during which students explored leadership in times of crisis, development , talent recruitment, and personal management .