WEBVTT 1 00:00:00.480 --> 00:00:04.559 For those days full of errands. You can take more reservations off your list 2 00:00:04.639 --> 00:00:09.919 now. Now you can request your card goes into bookings Directly from this app. 3 00:00:10.359 --> 00:00:14.400 It is very simple Download the app, fill your data and ready. 4 00:00:14.839 --> 00:00:19.600 Your card goes on reservations. You will be on your way to enjoy a 5 00:00:19.839 --> 00:00:25.839 fast, secure process, with real- time notifications and access to many benefits. 6 00:00:26.160 --> 00:00:35.079 You can now apply for your card and save time. Welcome to Economics 7 00:00:35.200 --> 00:00:40.640 Nata, your finance podcast. Here we will speak lightly and sincerely of money, 8 00:00:40.920 --> 00:00:47.679 where together we will turn the difficult into easy and clear we will take 9 00:00:47.799 --> 00:00:51.200 our finances to another level. From now on, your numbers will be as 10 00:00:51.280 --> 00:00:56.520 if you' ve never made mistakes for a lecturing past, a healthy present, 11 00:00:56.960 --> 00:01:00.280 a promising future, and a grateful pocket. That' s why you 12 00:01:00.320 --> 00:01:03.880 ' re following us on Instagram, Facebook, tik tok, linking and Twitter. 13 00:01:03.079 --> 00:01:07.640 Approve the Economist Hello. Welcome to one more episode of Economics Tata your 14 00:01:07.719 --> 00:01:14.159 Podcast Finance. I am Kim and Yolau and we are around here where we 15 00:01:14.400 --> 00:01:21.680 want to discuss an issue that is a primary goal of many people and is 16 00:01:21.680 --> 00:01:27.480 an extremely aggressive goal, true, and not only aggressive because you love to 17 00:01:27.519 --> 00:01:30.959 do it because you enjoy the result, but also because it carries a good 18 00:01:30.959 --> 00:01:34.200 money. Today we are going to be talking about finances for your home, 19 00:01:34.920 --> 00:01:40.439 dream, for that goal, to decorate a space of your house, to 20 00:01:41.000 --> 00:01:42.959 remodel certain areas of your house, that you are going to move and you 21 00:01:44.079 --> 00:01:48.599 want to have all the nice space. So, obviously, we want first 22 00:01:48.640 --> 00:01:53.920 Laura to start that everyone understands that this is a METAA, it' s 23 00:01:53.920 --> 00:01:57.439 a life project, I would say, it' s a goal like you 24 00:01:57.000 --> 00:02:02.040 said, aggressive, because it carries a good money, gentlemen, but it 25 00:02:02.799 --> 00:02:09.039 also takes time, it takes patience, because it' s a project that 26 00:02:09.080 --> 00:02:14.759 can take months, in some cases, it can take up to a year, 27 00:02:15.039 --> 00:02:17.639 up to years, exact years, plural because it' s something we 28 00:02:17.639 --> 00:02:20.479 can' t definitely do overnight. I say it relates to the investment issue 29 00:02:20.599 --> 00:02:27.039 that many people say ah is that I already want to be rich tomorrow double 30 00:02:27.159 --> 00:02:30.719 my money. Sir, that doesn' t happen, I mean, look 31 00:02:30.759 --> 00:02:34.680 what happened to butter. Please, it happens the same when you' re 32 00:02:34.759 --> 00:02:39.000 going to decorate or remodel a part of your home is in stages, it 33 00:02:39.000 --> 00:02:42.439 ' s for time. You can' t do it all overnight, but 34 00:02:42.479 --> 00:02:47.080 I' m going to prioritize which areas are more functional for me now or 35 00:02:47.159 --> 00:02:53.120 priority areas that may not be accurate for you, that is, for example, 36 00:02:53.400 --> 00:02:55.680 in my case, right now I' m going to start in my 37 00:02:55.759 --> 00:03:02.639 new home to remodel the kitchen. But maybe a person, i e the 38 00:03:04.280 --> 00:03:08.039 kitchen is fine, a person who doesn' t have that like me, 39 00:03:08.360 --> 00:03:12.159 who cooks every day, maybe doesn' t prioritize the kitchen. For me 40 00:03:12.280 --> 00:03:16.039 it is fundamental, because I cook every day, I like to receive people 41 00:03:16.080 --> 00:03:21.800 in my house and it is literally something that for me has to be functional 42 00:03:21.800 --> 00:03:24.400 full and I have to feel comfortable in the kitchen. Then I prioritized it. 43 00:03:24.960 --> 00:03:28.599 But maybe for someone else, it' s not the kitchen, maybe 44 00:03:28.639 --> 00:03:31.400 it' s the family or maybe it' s your room. Yeah, 45 00:03:31.520 --> 00:03:37.120 yeah, yeah. It' s pretty funny when you ask people like that 46 00:03:37.159 --> 00:03:39.639 ok which is the first area of your house, which you want to start 47 00:03:39.719 --> 00:03:46.639 remodeling and how. Everyone has different views. There is a person who says 48 00:03:46.680 --> 00:03:50.800 in my room definitely because I have to be comfortable, but there are others 49 00:03:50.879 --> 00:03:53.479 who say it doesn' t have to be the studio, because I get 50 00:03:53.479 --> 00:03:54.520 a lot of visitors. I like watching movies and I want to be there 51 00:03:54.639 --> 00:03:58.719 all the time. My best friend would tell you the kitchen 100%. 52 00:03:58.800 --> 00:04:01.199 I prefer to sleep on the mattress, the floor, but that my kitchen 53 00:04:01.400 --> 00:04:05.759 is tenti I mean, that everyone has quite different friorities, and that' 54 00:04:05.800 --> 00:04:11.280 s not bad just reflects reality and is that everyone is different and is also 55 00:04:11.319 --> 00:04:15.240 at points of their different life. But, in short, we want to 56 00:04:15.280 --> 00:04:17.720 make a disclay mary is that they understand that ay yes, very economics, 57 00:04:18.319 --> 00:04:23.439 tata, very, very financial, etcetera. But Lesens of this episode is 58 00:04:23.480 --> 00:04:26.959 not that you think we' re going to tell you. Oh how to 59 00:04:27.040 --> 00:04:30.800 decorate your house in a cheap way, how you can model with three pesos. 60 00:04:30.079 --> 00:04:32.199 We don' t know she' s a metagrasive. That' s 61 00:04:32.240 --> 00:04:36.079 why we said it from the start. We know that it requires money and 62 00:04:36.160 --> 00:04:42.279 a lot of money usually, and we also know that we need to plan 63 00:04:42.319 --> 00:04:46.319 so that that goal can be achieved or those goals from different areas of the 64 00:04:46.319 --> 00:04:49.040 house and be less stressful. Yeah, yeah, but is there gonna be 65 00:04:49.040 --> 00:04:51.560 stress? Stress? Is there going to be? But let it be less 66 00:04:51.639 --> 00:04:57.279 because of the fact that you have a plan, you saved and invested and 67 00:04:57.319 --> 00:05:00.240 I' m going to tell you something for me, I mean, I 68 00:05:00.319 --> 00:05:02.959 ' m faithful believing as you say that we' re not going to tell 69 00:05:03.079 --> 00:05:05.600 you to do it all just to save you money and make it cheap. 70 00:05:05.839 --> 00:05:10.079 I don' t think so. I do, I have the believer that 71 00:05:10.160 --> 00:05:14.600 you need advice from an expert, because I' m going to tell you 72 00:05:14.600 --> 00:05:17.639 something. Kmerly, I was a few weeks ago at Home Bey, because 73 00:05:17.959 --> 00:05:24.319 I went there to go ahead without my decorator, because I was already on 74 00:05:24.360 --> 00:05:27.120 trips and my designer and I said oh, no, I' m going 75 00:05:27.680 --> 00:05:31.519 to go forward, because the one about sew, I mean, I lasted 76 00:05:31.639 --> 00:05:33.120 ten minutes in that store and we become an eight. Yes, yes, 77 00:05:33.639 --> 00:05:40.000 it has happened to me when Anton turns choosing Fabrics or cushions I go in 78 00:05:40.240 --> 00:05:44.560 I turn eton for myself, to God I left and I resound, because 79 00:05:44.639 --> 00:05:46.879 it is a whole science for something is studied. For that totally the light 80 00:05:47.000 --> 00:05:50.920 studies is the illumination. It has to see you have to take sample of 81 00:05:50.920 --> 00:05:54.399 everything, take it into space, the lighting of the store. It is 82 00:05:54.439 --> 00:05:59.399 not the same lighting of your home, visualizing everything, all the colors that 83 00:05:59.399 --> 00:06:01.079 go in harmony, not only of one area of the house, but of 84 00:06:01.160 --> 00:06:02.839 the whole house. No, no, it' s not a science. 85 00:06:03.560 --> 00:06:09.600 So I am pro to hire someone who helps me, who assists me in 86 00:06:09.639 --> 00:06:12.959 the process, who makes me the most bearable process, who helps me the 87 00:06:13.040 --> 00:06:17.680 same with the budget from the beginning, that we can also see comparisons of 88 00:06:17.680 --> 00:06:21.560 different materials that, obviously, my economist mind, will not get there. 89 00:06:23.279 --> 00:06:26.319 No. No, no, not mine. So we already know that this 90 00:06:26.360 --> 00:06:30.199 is a goal and it' s an aggressive goal, so how can we 91 00:06:30.279 --> 00:06:34.120 set that goal the time for people to reach it, because it' s 92 00:06:34.120 --> 00:06:38.160 a crazy one. Neither and say that I want my dream room. You 93 00:06:38.199 --> 00:06:41.680 stayed in, stayed in the dream and it' s never gonna happen and 94 00:06:41.720 --> 00:06:43.560 you' re gonna keep going. So I have to remodel it. I 95 00:06:43.639 --> 00:06:46.240 have to remodel it and you' re gonna spend the years. Like every 96 00:06:46.360 --> 00:06:49.800 goal, whether it' s a trip, your wedding, buying a property, 97 00:06:49.920 --> 00:06:55.160 buying a vehicle. The goal has to have three specific characteristics. It 98 00:06:55.199 --> 00:06:57.519 has to be real, I mean, I can' t say overnight that 99 00:06:57.519 --> 00:07:00.079 I' m going to have in my situation, the financial work situation is 100 00:07:00.160 --> 00:07:05.800 currently not real I say, I' m going to remodel all the spaces 101 00:07:05.839 --> 00:07:09.920 in my house. That' s not real. According to what I can 102 00:07:09.959 --> 00:07:13.279 save, according to my current financial situation, then it has to be something 103 00:07:13.319 --> 00:07:16.399 real, according to what you can save every month and not say like that 104 00:07:16.480 --> 00:07:23.319 overnight I will have everything. Not that you have to evaluate your priorities and 105 00:07:23.680 --> 00:07:28.680 set yourself a goal that you are real. It has to be a measurable 106 00:07:28.680 --> 00:07:31.240 goal. Tell yourself what that means, because I know how much I' 107 00:07:31.279 --> 00:07:38.279 m going to spend every month for that project, for that exact money goal 108 00:07:38.360 --> 00:07:41.240 and I don' t say savings, because that amount has to become investment. 109 00:07:41.519 --> 00:07:43.800 That is, that moment that you are going to spend every month, 110 00:07:44.360 --> 00:07:48.439 you must invest it by the time the payment arrives to make them to the 111 00:07:48.480 --> 00:07:55.319 suppliers or buy the materials, but you must take advantage of that time to 112 00:07:56.040 --> 00:07:58.959 generate those interests and very important also the deadline so that it does not pass 113 00:07:59.040 --> 00:08:00.759 like ah yes, I want to remodel that one. I' m crazy, 114 00:08:01.120 --> 00:08:03.160 parrama of that kitchen. I' m crazy, but it' s 115 00:08:03.240 --> 00:08:05.959 cooking and you spend five years and you don' t because you didn' 116 00:08:05.959 --> 00:08:09.000 t set a deadline, you didn' t set a deadline. So it 117 00:08:09.040 --> 00:08:13.439 ' s very important according to that amount that you' re going to spend 118 00:08:13.439 --> 00:08:18.040 every month, seeing how long it' s going to take you to reach 119 00:08:18.040 --> 00:08:22.279 that amount. And so you say Ok look really I can start remodeling my 120 00:08:22.360 --> 00:08:26.800 kitchen in five months, in six months, in eight months, and that 121 00:08:26.879 --> 00:08:33.879 ' s going to allow you to ok commit yourself and also choose financial instruments 122 00:08:33.000 --> 00:08:37.120 that match that deadline exactly we, as a financial advisor, will never tell 123 00:08:37.159 --> 00:08:43.039 you that the blow clearly warns you that you don' t have to plan, 124 00:08:43.240 --> 00:08:46.960 You have to set that goal right. As Laura explained to them, 125 00:08:46.360 --> 00:08:50.720 it has to be something real. I can' t say Laura, I 126 00:08:50.000 --> 00:08:54.799 want well, I can say it from the mouth out my house, whole, 127 00:08:54.879 --> 00:08:58.360 I want it. Ready in two months, ready with furniture, with 128 00:08:58.440 --> 00:09:03.080 decoration, with evanist, in my case, that our water. And when 129 00:09:03.159 --> 00:09:05.600 I moved into the two thousand and twenty- one I was almost giving birth, 130 00:09:05.799 --> 00:09:11.399 sir call, nine months to a barribon. At that time and I, 131 00:09:11.759 --> 00:09:15.240 I mean, remodeled what was totally priority at that time, which baby 132 00:09:15.279 --> 00:09:18.399 room that the bathrooms at that time were priority two or three important furniture. 133 00:09:20.039 --> 00:09:26.399 My room obviously already with your bed on and then from there, because we 134 00:09:26.440 --> 00:09:30.440 said this is a stage. This is the first stage. The baby' 135 00:09:30.440 --> 00:09:33.840 s born. We have his room, which was the most important thing at 136 00:09:33.840 --> 00:09:37.639 the time. And then we' ve gone through phases south fan and we 137 00:09:37.639 --> 00:09:41.000 ' re in two thousand twenty- four and still that' s going on 138 00:09:41.039 --> 00:09:46.120 with fas and now there' s a new family member, a new baby, 139 00:09:46.600 --> 00:09:46.360 and we' re still remodeling that room now. And that' s 140 00:09:46.440 --> 00:09:50.679 very important to say, because maybe someone who comes to your house says wow. 141 00:09:50.759 --> 00:09:54.840 But I want that house from Kimberley overnight. But they don' t 142 00:09:54.879 --> 00:09:58.399 know that you did it by the way, that is for time, that 143 00:09:58.440 --> 00:10:01.159 you were prioritizing and that' s what we always recommend, So don' 144 00:10:01.159 --> 00:10:05.480 t go crazy, because I remember when I got married that they even gave 145 00:10:05.519 --> 00:10:09.960 me a lot of things like I already lived with my husband before I got 146 00:10:09.960 --> 00:10:11.600 married, because I already had furniture and everything else. But as you like, 147 00:10:11.320 --> 00:10:15.720 we moved to a larger space than you have to furnish, and I 148 00:10:15.799 --> 00:10:18.519 remember, ok let' s first furnish what' s missing and then, 149 00:10:18.799 --> 00:10:24.240 little by little we' re doing the few decorations we needed, because we 150 00:10:24.240 --> 00:10:28.679 knew we were going to be in that apartment for a short time. But 151 00:10:28.759 --> 00:10:33.000 I couldn' t go crazy, because even I felt when I had to 152 00:10:33.039 --> 00:10:37.240 buy everything, I allied myself with the Black Fride that we' re going 153 00:10:37.360 --> 00:10:39.399 to talk about it to buy that which I lacked. But I couldn' 154 00:10:39.399 --> 00:10:43.519 t do it all at once because if I didn' t mean it would 155 00:10:43.559 --> 00:10:46.679 affect my financial situation I wanted to be I didn' t want it. 156 00:10:46.720 --> 00:10:50.080 This wasn' t negotiable for me. Sure, this reminds me a little 157 00:10:50.120 --> 00:10:56.159 bit when I started to stop buying those hair products at the supermarket, like 158 00:10:56.159 --> 00:10:58.960 it was a trance for me. But, well, when I stopped buying 159 00:11:00.120 --> 00:11:05.120 them it was worth the wedge because I trained myself with a drmatologist and with 160 00:11:05.200 --> 00:11:11.759 the company on social networks and they both said you can' t pretend to 161 00:11:11.000 --> 00:11:13.720 buy it all at once and I didn' t understand how. So, 162 00:11:13.879 --> 00:11:18.000 when I' m going to give myself the prices of each pot, I 163 00:11:18.080 --> 00:11:20.320 immediately understood that you can' t all at once, because the same thing 164 00:11:20.360 --> 00:11:22.120 happens with the furniture of the house. I mean, if you have no 165 00:11:22.200 --> 00:11:28.039 idea how much a dining table, a bed, a studio furniture is worth 166 00:11:28.080 --> 00:11:31.840 right now. We have to quote, because the truth is that the prices, 167 00:11:31.960 --> 00:11:37.080 that is, inflation, have been felt in everyone, gentlemen, especially 168 00:11:37.320 --> 00:11:41.879 on the subject of decoration and home furniture, and there comes the importance of 169 00:11:43.279 --> 00:11:48.840 comparing from your ally of those dates, where there are discounts that we already 170 00:11:48.840 --> 00:11:50.639 know, as, for example, Black Frider is in the case of the 171 00:11:50.720 --> 00:11:54.559 Dominican Republic, also the month of mothers, which is no longer just the 172 00:11:54.559 --> 00:11:58.159 weekend of mothers, but already the full month, because the shops are putting 173 00:11:58.240 --> 00:12:03.720 or I have already seen clim because many people say that not in the month 174 00:12:03.759 --> 00:12:13.759 of father only they put offers for tyson so clothes not apa reo de casa. 175 00:12:13.799 --> 00:12:16.919 You go to bed, ladies, and I' ve already seen several 176 00:12:16.960 --> 00:12:20.320 tents riding in the ball and I or all I haven' t seen are 177 00:12:20.360 --> 00:12:24.679 dishes, like they don' t associate parents much like b but eron appliances. 178 00:12:24.720 --> 00:12:28.519 I' ve seen a few. So he has also joined the parents 179 00:12:30.600 --> 00:12:35.919 ' month to take advantage of those exact discounts. So we have a discount 180 00:12:35.960 --> 00:12:41.919 map, just as we presented it at this Homery Paar Home Experience event, 181 00:12:41.720 --> 00:12:46.960 which was a little while ago and we talked about precisely everything we' re 182 00:12:46.960 --> 00:12:50.200 talking about today, because that' s where we present and even give attendees 183 00:12:50.360 --> 00:12:56.360 a discount map so that they can keep track of those dates of the year 184 00:12:56.440 --> 00:12:58.960 where discounts come for your planning. Because, gentlemen, there' s nothing 185 00:13:00.080 --> 00:13:03.440 that hurts more than you give that card and see next week this twenty percent 186 00:13:03.519 --> 00:13:07.879 squan. No. No, no, no, no? No, So 187 00:13:07.960 --> 00:13:13.840 May Mothers' Month July Fathers' Month, November Black Frayve December Christmas, 188 00:13:13.879 --> 00:13:20.960 which sometimes also put many days off at Christmas. And because the Amazon is 189 00:13:20.039 --> 00:13:24.320 like a little doll there, the exact yes can' t take advantage of 190 00:13:24.320 --> 00:13:28.799 it. There are like vaster, more temperamental ones that can do it in 191 00:13:30.200 --> 00:13:33.879 your product if you can bring it in your stream. Take advantage of that. 192 00:13:33.480 --> 00:13:39.360 And apart from those discounts, because ally yourself with the cashbacks of your 193 00:13:39.360 --> 00:13:46.000 cards, seper important, super important monitor those discounts that come every certain time 194 00:13:46.039 --> 00:13:50.879 with the card. Gentlemen, in short, there are credit cards that are 195 00:13:50.919 --> 00:13:54.080 better than others. There are credit cards that have better offers in the interim 196 00:13:54.159 --> 00:13:58.480 of the year than others. Then you have to do the homework, too, 197 00:13:58.720 --> 00:14:03.519 you have to find out what are those coughs that every year give me 198 00:14:03.559 --> 00:14:07.679 good discounts in the shops that interest me. And so I can, then, 199 00:14:07.720 --> 00:14:09.720 take advantage when those discounts arrive that are good cash back. I' 200 00:14:09.799 --> 00:14:15.960 ve seen cashback of twenty- five percent, thirty percent more, a discount 201 00:14:16.000 --> 00:14:18.759 that they usually put for the special month of mothers or fathers. I mean, 202 00:14:18.799 --> 00:14:24.000 we' re talking about important savings. And there comes the philosophy that, 203 00:14:24.159 --> 00:14:26.480 whatever you want, you' re going to do that expense, so 204 00:14:26.480 --> 00:14:31.919 why don' t you take advantage of that cashback if you don' t 205 00:14:31.919 --> 00:14:33.320 have that card. Right there, well, they call my son your mom 206 00:14:35.120 --> 00:14:39.799 to take advantage of that. I have a friend Kimberley, who remodeled his 207 00:14:39.840 --> 00:14:45.080 house last year and saved himself. More than 17, 000 pesos were saved 208 00:14:45.600 --> 00:14:48.919 in the later, in discounts and casha, i e, the Union cashback 209 00:14:48.919 --> 00:14:54.840 discounts. Both here were appliances and furniture, of course, but and that 210 00:14:54.960 --> 00:14:58.720 one hundred and seventeen an hour serve them for many things clear outside, for 211 00:14:58.720 --> 00:15:03.639 example, from perhaps paying a loan or paying the card, etcetera. It 212 00:15:03.679 --> 00:15:07.159 can also help you to have an area of your specific home that is better 213 00:15:07.240 --> 00:15:13.559 than you expected, because you can cover it, because you can include some 214 00:15:13.559 --> 00:15:16.000 decorative materials that maybe were not contemplated, that you cushion, that is, 215 00:15:16.320 --> 00:15:22.039 that is, it is a money that of course can be used, of 216 00:15:22.080 --> 00:15:22.519 course you can raise those products that you have to something of higher quality. 217 00:15:22.600 --> 00:15:30.720 Because I too, I mean, we always recommend comparing then a little break 218 00:15:30.840 --> 00:15:35.639 to ask a question that will help us save time, as well as when 219 00:15:35.720 --> 00:15:41.600 you' re in a hurry and you don' t want to waste a 220 00:15:41.679 --> 00:15:48.039 minute' s time and pre- involves by Whatsapp your next clinical laboratory reference 221 00:15:48.039 --> 00:15:52.720 tests that this is a great novelty, as we go to the question and 222 00:15:52.720 --> 00:15:56.960 calaura which you think is the best time to start saving or investing for a 223 00:15:56.960 --> 00:16:00.039 person who starts his family life. Well, for me, yesterday we all 224 00:16:00.159 --> 00:16:06.120 have to start investing no matter how old we are. Even reborn my goddaughter 225 00:16:06.600 --> 00:16:11.480 with two years, she already has her investments. So regardless of your age, 226 00:16:11.799 --> 00:16:15.759 all savings, as he says, our problem has to become investment regardless 227 00:16:15.879 --> 00:16:21.919 of whether you have a thousand pesos or need it in several days, because 228 00:16:21.919 --> 00:16:25.240 this, in the end, is going to generate interests, that what it 229 00:16:25.320 --> 00:16:27.159 will do is support each of those dreams that we have exactly. I mean, 230 00:16:27.159 --> 00:16:32.480 the right answer is as soon as possible. And it' s not 231 00:16:32.519 --> 00:16:36.519 that you feel like I' m late, it' s not that you 232 00:16:36.600 --> 00:16:38.240 ' re worried and you' re gonna get started right away. Gentlemen, 233 00:16:38.399 --> 00:16:41.720 the savings. I know it' s the first thing they teach us in 234 00:16:41.759 --> 00:16:47.679 finance when they give us the first piggy bank for others to place the first 235 00:16:47.679 --> 00:16:51.600 moneditas. But now when you open your mind and start to understand about investments, 236 00:16:51.919 --> 00:16:56.159 everything saves is going to become investment. And this, in the end, 237 00:16:56.440 --> 00:17:00.440 this little decision is the one that changes your life in all the goals 238 00:17:00.519 --> 00:17:03.400 that you' re going to have all the time, including the goal that 239 00:17:03.440 --> 00:17:07.480 we' re talking about today, which is to remodel an area of your 240 00:17:07.480 --> 00:17:11.799 house. Also, that is, we always recommend comparing and not necessarily. 241 00:17:11.880 --> 00:17:17.000 For example, the cheapest product is the one you have to choose, because 242 00:17:17.279 --> 00:17:19.240 many times, for example, if you don' t choose a good piece 243 00:17:21.200 --> 00:17:23.480 of furniture, in the end, you will change it every certain time and 244 00:17:23.480 --> 00:17:26.960 it won' t last. So, in the end it' s also 245 00:17:26.960 --> 00:17:30.400 swinging. That' s to understand that we' re buying that it' 246 00:17:30.480 --> 00:17:32.000 s something that lasts you, that it' s something of quality. Quality 247 00:17:32.079 --> 00:17:34.519 for me is super important, like sometimes we feel like we' re eating 248 00:17:34.559 --> 00:17:40.480 it, because wow came out super cheap and the flecao furniture in domesa stained 249 00:17:41.240 --> 00:17:45.240 on five table, that something one always uses and you have to buy again. 250 00:17:47.000 --> 00:17:49.000 Yes, you have to re- decorate and you have to incur expenses 251 00:17:49.079 --> 00:17:55.039 again. Then the same thing happens to her how I know the shoes and 252 00:17:55.119 --> 00:17:59.680 so items that you use a lot of basic pieces of your clothes, that 253 00:17:59.759 --> 00:18:02.000 you buy the white shirt and go back, buy it and buy it back. 254 00:18:02.039 --> 00:18:06.359 They spend ten months shopping for a white shirt because it comes back and 255 00:18:06.359 --> 00:18:10.559 stains, comes back and breaks. So sometimes it' s better to give 256 00:18:10.640 --> 00:18:14.119 a little more at the beginning and make it totally quality. And I' 257 00:18:14.200 --> 00:18:18.079 m going to tell you I' ve been guilty of that because when I 258 00:18:18.200 --> 00:18:23.680 moved or yours but I bought myself, sir, in my Amazon mattress of 259 00:18:23.680 --> 00:18:30.000 a hundred and bill of dollars, two hundred dollars and a bed frame, 260 00:18:30.200 --> 00:18:33.559 that is, the bed also on Amazon. Very cheap, gentlemen, but 261 00:18:33.599 --> 00:18:38.039 in the end this mattress, I mean, it didn' t turn out 262 00:18:38.240 --> 00:18:42.599 to be incredibly bad, the bra I see the mattress, but that' 263 00:18:42.640 --> 00:18:45.039 s not the one I tell you is the mattress. Gentlemen, literally when 264 00:18:45.079 --> 00:18:48.839 kenbr comes to my house, he' s going to sleep This one' 265 00:18:48.000 --> 00:18:52.880 s going to see you soon Laura Camacho mattress shop. But I' m 266 00:18:52.920 --> 00:18:57.240 telling you, after I bought that cheap one, it wasn' t quality. 267 00:18:57.960 --> 00:19:00.720 The mattress is something you lynch every day and it' s not a 268 00:19:00.759 --> 00:19:03.759 remodeling thing, but it' s something very important in your house. If, 269 00:19:04.400 --> 00:19:07.680 then, when we move to where we live now, because we said 270 00:19:07.920 --> 00:19:11.599 not two years ago, we have to buy a good mattress. Yeah, 271 00:19:11.759 --> 00:19:15.559 yeah, yeah, and you know, I' ve sold you too much 272 00:19:15.559 --> 00:19:18.759 that mattress, which I mention too much, but there we do invest some 273 00:19:18.759 --> 00:19:22.240 money. I mean, it wasn' t$ 200 anymore and we even 274 00:19:22.319 --> 00:19:26.839 used that page. I had zero- percent interest payment plans and that' 275 00:19:26.880 --> 00:19:30.839 s what we did, I mean, maybe we had that money at the 276 00:19:30.880 --> 00:19:33.519 time, but we said oh look you know they don' t have it 277 00:19:33.599 --> 00:19:37.200 with interest. We' re going to do it in time and that money 278 00:19:37.279 --> 00:19:41.039 we' re investing and we' re generating a little bit more, so 279 00:19:41.079 --> 00:19:42.480 it' s something we should take advantage of when we' re remodeling the 280 00:19:42.480 --> 00:19:45.599 house. It is a payment plan that if I have it at zero percent 281 00:19:45.680 --> 00:19:48.880 interest, even if I have the money, because I am paying it in 282 00:19:48.920 --> 00:19:53.440 term and I am investing the other, for example, excellent Also, gentlemen, 283 00:19:53.759 --> 00:19:57.839 the part of the budget, the word that many detest do not run 284 00:19:57.839 --> 00:20:00.599 away. Please don' t go away that we' re going to say 285 00:20:00.640 --> 00:20:07.440 cute crying about starting a decoration project. You need to define how much you 286 00:20:07.519 --> 00:20:11.720 are willing to spend and you obviously need to know your complete financial picture, 287 00:20:11.200 --> 00:20:15.920 how much you already have saved, how much you can keep saving in case 288 00:20:15.000 --> 00:20:18.359 you live with each other, because also how much the other person will contribute 289 00:20:18.480 --> 00:20:23.079 to your partner, your husband or your roommates, if you have investments that 290 00:20:23.079 --> 00:20:26.119 are also destined for that, that is, with everything you count on, 291 00:20:26.359 --> 00:20:30.440 and also if there is any specific bonus in certain months that you can count 292 00:20:30.480 --> 00:20:33.000 on a good part to support you with this amendment. You have to know 293 00:20:33.000 --> 00:20:37.359 that, but you also have to know what you' re going to do? 294 00:20:37.519 --> 00:20:40.440 I mean, we' ve already defined priorities, we' ve already 295 00:20:40.519 --> 00:20:42.440 talked about the areas you want to focus on, but what are you going 296 00:20:42.440 --> 00:20:45.119 to do in those areas? And you can' t make up a number, 297 00:20:45.319 --> 00:20:47.559 which is what I always say, because sometimes you say no. I 298 00:20:47.559 --> 00:20:49.559 can' t. I don' t want to spend more than a hundred 299 00:20:49.599 --> 00:20:55.839 zero weight, more than five hundred thousand pesos, but you have no idea 300 00:20:55.920 --> 00:21:00.000 how much the door you want to make costs and he doesn' t know 301 00:21:00.000 --> 00:21:02.680 the work of cabinets that have to be done there. If you have no 302 00:21:02.759 --> 00:21:07.240 idea about that, or you' re going to have to do it yourself 303 00:21:07.319 --> 00:21:10.359 and start category by category, that the truth isn' t so efficient, 304 00:21:10.680 --> 00:21:11.119 because you don' t know about it. If you didn' t study 305 00:21:11.200 --> 00:21:18.240 that, you won' t know about it or hire someone to contact in 306 00:21:18.319 --> 00:21:22.559 the beginning to go comparing too and that they can help you set that budget 307 00:21:22.640 --> 00:21:26.880 that they tell you look. What you need is all this, all this, 308 00:21:26.119 --> 00:21:29.759 okay, this, this, this, this, this, this, 309 00:21:30.440 --> 00:21:32.839 this, this well broken. And there you really know what you need to 310 00:21:32.920 --> 00:21:36.920 get out of your pocket to make that project a reality, so that goal 311 00:21:36.960 --> 00:21:42.000 will be cancer. And there is very important to compare, to compare also 312 00:21:42.079 --> 00:21:45.880 the quotations, that is to say once you have it maybe that budget that 313 00:21:45.880 --> 00:21:49.000 they gave you initially, because it has some appliances. Oh, well, 314 00:21:49.200 --> 00:21:52.440 you can' t compare that one they put you in with others. And 315 00:21:52.440 --> 00:21:56.119 now technology, after the pandemic, has come here to make life easier for 316 00:21:56.200 --> 00:22:02.759 us. There are already many stores that you have your website and that facilitate 317 00:22:02.920 --> 00:22:04.799 that process of your comparison, that is to say that once you have that 318 00:22:04.880 --> 00:22:10.160 budget with everyone, whether it is the suppliers, the materials, the furniture, 319 00:22:10.480 --> 00:22:14.880 the appliances, because you don' t just stay with that and take 320 00:22:15.079 --> 00:22:18.160 it for granted, don' t compare go further, It doesn' t 321 00:22:18.160 --> 00:22:21.119 have to take long, I mean, we' re not sending you to 322 00:22:21.119 --> 00:22:22.279 five store and you' re going to lose a whole day. You can 323 00:22:22.440 --> 00:22:27.920 ally yourself from those web pages filter by the product you want and by the 324 00:22:29.000 --> 00:22:33.240 prices you want and then go to the store, but you won' t 325 00:22:33.240 --> 00:22:37.079 waste any time. So that also makes it easier for you to compare prices, 326 00:22:37.680 --> 00:22:41.519 because maybe that' s what you had at the beginning of the initial 327 00:22:41.599 --> 00:22:42.799 budget, because they gave you a single electroméstico, a single option. But 328 00:22:44.559 --> 00:22:49.000 it is always good to see what other options there are in the exact market 329 00:22:49.039 --> 00:22:52.839 to see to be a bit practical, what are those pages where you can 330 00:22:53.319 --> 00:22:56.440 go comparing the different furniture of the house. You have a house, it 331 00:22:56.559 --> 00:23:00.599 costs a classic, it is illumal, it is illumilated, stá alice, 332 00:23:02.519 --> 00:23:07.519 there is qia, till low sony gentlemen, what more labras that occurs to 333 00:23:07.599 --> 00:23:11.799 you gravel aha high fimen and another one that is called appliances, as I 334 00:23:11.799 --> 00:23:14.960 also recommend them this friend of mine who became master in that of remodeling. 335 00:23:15.160 --> 00:23:18.920 Yeah, and he was comparing there he did his excell and then that' 336 00:23:18.920 --> 00:23:22.559 s what we should do, because who else is going to take care of 337 00:23:22.559 --> 00:23:26.079 your money than you are. What grows the grieving, clear and truly so 338 00:23:26.200 --> 00:23:29.960 much that one complains Sometimes the Instagram algorithm, but literally you just have to 339 00:23:30.039 --> 00:23:34.640 look for more setter on Instagram one day and you' re going to spend 340 00:23:34.640 --> 00:23:37.920 there for at least a month, seeing more of different suppliers, from different 341 00:23:38.000 --> 00:23:41.720 parts of the country. And already on Instagram it helps and does the job 342 00:23:41.799 --> 00:23:45.880 for you too to compare prices and, even in different parts of the country, 343 00:23:47.160 --> 00:23:48.640 from different cities, they send it here. Yeah, yeah, now 344 00:23:48.799 --> 00:23:52.839 there' s a very strong disclaimer. The aura is that there are many 345 00:23:52.960 --> 00:24:00.079 pages in instagrams, on Instagram that are fake, pages with thousands of followers, 346 00:24:00.079 --> 00:24:03.119 thousands of followers. Whether you know one, please tell it below so 347 00:24:03.200 --> 00:24:08.920 other people can find out. They have thousands of followers, they have fake 348 00:24:10.359 --> 00:24:14.640 comments, they have fake photos and you buy them, you have to make 349 00:24:14.680 --> 00:24:17.160 one they talk to you very formal. Laura by whatsapp, you have to 350 00:24:17.200 --> 00:24:19.839 make a transfer and all of a sudden they call you that. In fifteen 351 00:24:19.960 --> 00:24:23.319 days, the fifteen days pass. Oh, don' t be a little 352 00:24:23.319 --> 00:24:27.400 late. In two more days, the two days pass and continue to lengthen, 353 00:24:29.119 --> 00:24:32.599 lengthening, lengthening, lengthening, until you already despair, you begin to 354 00:24:32.599 --> 00:24:37.440 denounce and disappear from the fate of the earth. Several friends have happened to 355 00:24:37.440 --> 00:24:41.839 him. I remember myself. When I was in decoration at two thousand twenty 356 00:24:41.200 --> 00:24:44.279 - one, my chair is in the dining room. I wanted to buy 357 00:24:44.359 --> 00:24:48.680 them through one of those Instagram pages and thanks to my decorator, I didn 358 00:24:48.759 --> 00:24:52.599 ' t buy it, because she called me fifth as weird. I' 359 00:24:52.599 --> 00:24:56.359 ve never heard that cheaper to make. It' s too cheap for the 360 00:24:56.359 --> 00:24:57.640 stuff they tell you. That doesn' t seem real to me. I 361 00:24:57.799 --> 00:25:03.599 ' m super excited to see a hatch just like I wanted it and at 362 00:25:03.759 --> 00:25:07.920 a super economical price compared to everything we' ve seen, because I almost 363 00:25:07.440 --> 00:25:11.000 fell already told me no. That' s fake. Gentlemen, I Googled 364 00:25:11.000 --> 00:25:15.240 you and found a lot of comments from a lot of scammed people. That 365 00:25:15.279 --> 00:25:18.599 ' s what I was going to say that you have to ally with Google, 366 00:25:19.200 --> 00:25:23.519 look for reviews, look for word of mouth, see if Google has 367 00:25:23.519 --> 00:25:27.960 an address, find it, Google Maps, have a sign, if they 368 00:25:29.039 --> 00:25:30.799 have a phone, call and if you go you don' t have a 369 00:25:30.799 --> 00:25:33.240 phone or you have a cell phone. That' s weird. Gentlemen, 370 00:25:33.279 --> 00:25:40.960 then we always have to go a little further, because those scams, those 371 00:25:41.079 --> 00:25:45.720 scammers, they are. Then we can' t get out of every venue 372 00:25:45.839 --> 00:25:48.960 without us taking a little shit. Not sure, because there we go back 373 00:25:49.000 --> 00:25:52.920 to the same thing as good one for wanting to save yourself a little bit 374 00:25:53.039 --> 00:25:56.400 more comes and loses everything. I mean, you had a budget of fifty 375 00:25:56.480 --> 00:26:00.920 thousand pesos for such and such a thing and you decided to take it out 376 00:26:00.920 --> 00:26:03.240 there, on Instagram, an unknown page. You paid thirty- eight, 377 00:26:03.680 --> 00:26:07.119 you lost thirty- eight. Or you didn' t save yourself, you 378 00:26:07.279 --> 00:26:07.640 didn' t save yourself, you didn' t lose it. Yeah, 379 00:26:07.680 --> 00:26:14.440 and there you are. Another thing that we recommend is to ally, to 380 00:26:14.480 --> 00:26:18.240 rely on extraordinary income, because this is a very aggressive goal, because to 381 00:26:18.359 --> 00:26:25.160 take advantage of that double salary, those bonds that you have and you invest 382 00:26:25.559 --> 00:26:29.680 part of that money for that goal that you have to remodel, because really 383 00:26:29.720 --> 00:26:32.599 you see a strong money. Yeah, of course, it even goes away 384 00:26:32.680 --> 00:26:33.720 more than you' re told in the initial budget. Yes, yes, 385 00:26:33.839 --> 00:26:38.680 we went to a podcast recording with some designers and architects and they told us 386 00:26:38.720 --> 00:26:45.480 that in all the projects they have done, around, that is, the 387 00:26:45.559 --> 00:26:49.000 cost they estimate for furnishing, decorating, etc, your property is about thirty 388 00:26:49.200 --> 00:26:56.119 percent of the value of it. We' re talking about a lot of 389 00:26:56.160 --> 00:27:00.680 money, a lot of calculate that there' s an exact, that' 390 00:27:00.680 --> 00:27:02.880 s a calculation for you to then go estimating. Yeah, how much they 391 00:27:03.279 --> 00:27:07.640 have to allocate and for that too, the areas and you' re going 392 00:27:07.640 --> 00:27:11.039 to do everything and everything. But definitely, lean on an expert. There 393 00:27:11.039 --> 00:27:17.960 are also people who want to take financing to decorate, furnish and others that 394 00:27:18.039 --> 00:27:22.960 even include it in the mortgage loan, also that they are going to take 395 00:27:22.000 --> 00:27:26.319 for us. This is not bad, I mean, it' s really 396 00:27:26.319 --> 00:27:30.680 depending on each other' s financial situation. But we return to the Council 397 00:27:30.799 --> 00:27:36.400 more practical to compare entities, compare cups, deadlines for how long that cup 398 00:27:36.759 --> 00:27:42.400 is going to be fixed, what cost that loans carry, those bank costs 399 00:27:42.480 --> 00:27:47.759 also the initial ones they need given that they do not go together with the 400 00:27:48.720 --> 00:27:53.359 mortgage loan, if they allow you to do extraordinary amonos advance importation, of 401 00:27:53.400 --> 00:28:00.200 course so that you will not last there ten years with a debt with artistic 402 00:28:00.279 --> 00:28:03.720 interests another area of your exact house. So here when you' re going 403 00:28:03.720 --> 00:28:10.160 to evaluate this debt, take into account that if the debt, the quota 404 00:28:10.160 --> 00:28:14.680 goes over thirty, thirty- five percent of what you enter, you' 405 00:28:14.680 --> 00:28:18.480 re already on your way to the overdoing, that is, that first analyzes 406 00:28:18.480 --> 00:28:22.039 your financial picture. Maybe we, as financial advisors, can help you make 407 00:28:22.079 --> 00:28:26.240 this decision through our financial medical consultations, so that you don' t take 408 00:28:26.279 --> 00:28:30.920 a wrong step, right, and then you' re over- indebted to 409 00:28:30.920 --> 00:28:33.039 a very pretty house. But you' re very sad because your pockets are 410 00:28:33.039 --> 00:28:37.799 hurt. Yes, because the truth is that there are many things that you 411 00:28:37.920 --> 00:28:42.000 have to have pending when you are either buying a property or remodeling your home, 412 00:28:42.920 --> 00:28:48.160 which is hospital the organization, and you not only take into account ok 413 00:28:48.240 --> 00:28:51.559 the mortgage loan fee, but if you are going to take that loan, 414 00:28:52.079 --> 00:28:55.920 because every month you also have to pay that fee. Then see that it 415 00:28:56.079 --> 00:29:00.519 doesn' t exceed that thirty- five percent of your net monthly income so 416 00:29:00.599 --> 00:29:04.759 that in the end you' re not uphill or you don' t feel 417 00:29:04.799 --> 00:29:07.039 too suffocated with all the monthly expenses you have. So it' s very 418 00:29:07.119 --> 00:29:14.079 important, to compare funding and support that same double salary and bonuses to make 419 00:29:14.160 --> 00:29:18.160 those extraordinary credits. And if you take for a period of five years, 420 00:29:18.240 --> 00:29:22.400 let' s say that loan, you don' t have to stay exactly 421 00:29:22.559 --> 00:29:27.160 those five if you don' t also propose a plan to settle that debt 422 00:29:27.160 --> 00:29:33.079 as soon as possible, which will allow you to pay less interest and support 423 00:29:33.079 --> 00:29:34.880 other goals you have. Yeah, I' d love to hear someone tell 424 00:29:34.960 --> 00:29:41.559 me they feel like this is already cheap. I mean, if you' 425 00:29:41.559 --> 00:29:45.640 re on YouTube, write it down, you feel that some decoration process in 426 00:29:45.680 --> 00:29:51.839 your remodeling house has gone cheap, because it' s really a goal that 427 00:29:52.000 --> 00:29:59.200 needs planning, requires a lot of effort or a lot of monetary sacrifice that 428 00:29:59.160 --> 00:30:02.519 we can, gentlemen, set all the goals right. I mean, all 429 00:30:02.599 --> 00:30:07.559 we' ve talked about here is I say a class for you to build 430 00:30:07.599 --> 00:30:11.799 a good financial base to remodel that area or your dream house and even apply 431 00:30:11.799 --> 00:30:18.440 even to a business for an office as well, so it' s very 432 00:30:18.519 --> 00:30:23.839 important to hear this episode. I believe that with a libretto in hand yes 433 00:30:23.839 --> 00:30:29.920 and already once they have that amount, for example, they can ally themselves 434 00:30:29.920 --> 00:30:33.200 with different investment instruments as the accounts save you high return that we already have 435 00:30:33.240 --> 00:30:37.039 pariahs in our country, with rates from four percent to seven percent annually in 436 00:30:37.079 --> 00:30:42.519 pesos. If you want to save in dollars, we also have an account 437 00:30:42.599 --> 00:30:45.960 in our high- performing country in dollars, which is giving a two point 438 00:30:47.079 --> 00:30:48.880 twenty- five percent per year. And also, that is, you have 439 00:30:48.920 --> 00:30:52.440 the advantage that you can get your money out easily in case, for example, 440 00:30:52.799 --> 00:30:56.799 that I have a money now I have to pay some suppliers to the 441 00:30:56.920 --> 00:31:00.480 cabinetmaker, which is the one that disappears in a month or, in a 442 00:31:00.519 --> 00:31:04.200 month and a half. Well, while that money I' m putting it 443 00:31:04.279 --> 00:31:08.440 in my high- performing abrro account or a liquid investment fund that' s 444 00:31:08.559 --> 00:31:12.680 in an investment fund manager and we know that this good fund is a piggy 445 00:31:12.680 --> 00:31:18.680 bank that invests in different instruments. It gives us a variable rate unlike the 446 00:31:18.680 --> 00:31:22.160 high- performance savings account, but it has the advantage that it allows me 447 00:31:22.200 --> 00:31:27.240 to make extra contributions. How many times I want to take out my money 448 00:31:27.279 --> 00:31:30.799 every twenty- four hours on working days as well. It happened to me 449 00:31:30.240 --> 00:31:33.839 that, for example, I had a money here that I had already taken 450 00:31:33.920 --> 00:31:38.720 out of an investment and I wasn' t going to use it for about 451 00:31:38.799 --> 00:31:41.920 three weeks, because while I put it in a liquid investment fund and after 452 00:31:41.920 --> 00:31:47.240 three weeks I took out that money and I had already generated a good interest 453 00:31:47.279 --> 00:31:49.640 that if I had left it on the regular account, it would have been 454 00:31:49.680 --> 00:31:52.160 the three weeks and I would not have generated almost anything, yes, yes 455 00:31:52.160 --> 00:31:55.240 no. And before that, maybe for so little time, for many people 456 00:31:55.319 --> 00:32:00.200 they didn' t make sense because they had to incur transfer spending that from 457 00:32:00.319 --> 00:32:02.480 zero, point zero point, fifteen percent. But since that was eliminated. 458 00:32:02.599 --> 00:32:05.319 Sir, that' s free of charge for your money. Free of charge. 459 00:32:05.400 --> 00:32:08.200 You move your money to your investment fund manager, it doesn' t 460 00:32:08.319 --> 00:32:12.519 cost you anything, and you take it back in a week, two weeks, 461 00:32:12.720 --> 00:32:15.559 three weeks, and you earn the interest. You had no cost by 462 00:32:15.640 --> 00:32:19.480 any means other than the taxes of profit you generate. It' s just 463 00:32:19.640 --> 00:32:22.240 that what I have in the regular mud account is also, so yes, 464 00:32:22.599 --> 00:32:25.799 if even in the interim of planning, of saving, of growing the capital 465 00:32:25.960 --> 00:32:30.880 that you' re going to invest in this goal of remodeling, you can 466 00:32:30.960 --> 00:32:34.880 also use, that is to use those products that you say the account to 467 00:32:35.039 --> 00:32:38.480 your performance pesos or dollars, the investment fund, but also mix it with 468 00:32:38.519 --> 00:32:43.119 the mutual in the stalls bag you and make like that little game that we 469 00:32:43.200 --> 00:32:45.079 love looking at. I am saving here on your performance account or on the 470 00:32:45.079 --> 00:32:50.640 liquid bottom and every certain time I pass it on to mutual, depending on 471 00:32:50.680 --> 00:32:55.599 the different payment terms that I have to execute for that project. Well, 472 00:32:55.680 --> 00:33:00.799 gentlemen, we' ve come to the end of this episode. If you 473 00:33:00.000 --> 00:33:06.599 learned something, you can share it so that someone else will also go into 474 00:33:06.599 --> 00:33:09.079 this topic, just like with your partner, with your friends. It' 475 00:33:09.200 --> 00:33:14.039 s a goal that' s usually made together, so it' s an 476 00:33:14.119 --> 00:33:16.799 episode to see someone else we' ll see next time. I hope you 477 00:33:16.799 --> 00:33:19.559 ' ve learned a lot. Bye.