Welcome to Economics Tata Your Finance Podcast Here we will talk light and sincerely about
money where together we will turn the hard into easy and clear we will take
our finances to another level. From now on, your numbers will be as
if you' ve never committed errols for a lecturing past, a healthy present,
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Arroba Economics silver hello welcome to a new episode more Economics Tata your Podcast Finance.
I am Kimberley and already Labra and today we have here live a financial
medical consultation, and how curious that today we have a general doctor here on
podcast totally and I feel that also, apart from being a general doctor,
it is at a stage that I would have loved to have a financial medical
appointment at that mons moment to start my first salary. I aim to get
organized and not wait for the mess to be done, but start as if
that first salary in an organized way. Yes, I confess to you the
time that I loved to do counseling for doctors We have also given workshops recently
aimed at dermatologists. The other day I was also more in a hospital.
I remember a group also from different areas of doctors too and I say it
' s as curious as they say wow is that I never have the time
to learn from this, because my career is so demanding, of course and
you' re right, but I still advocate that they can include, even
if it' s a total matter of finance, in the pinson. I
say yes, because it is very important, more in the fact that it
is a career than at the beginning, first there is a lot of sacrifice
of time, of effort, of studies, but in turn, at the
beginning of the career it is not that they receive such a large salary of
s pspent when they grow, they begin to receive many plujos of money and
arrive at that moment without knowing anything of finance, without organizing. So I
say that you have to learn to organize with whatever you have, that is,
from the beginning, even if you consider that right now is not much,
because eventually, when that saving potential arrives, you will receive more income,
because you will already be prepared, you will have the base, you
will already have savings created, and that gives a good sign for you to
reach those dreams that you have. Yeah, I say that' s also
an analogy to what we say that when you' re going to get an
extraordinary income, a juicy grounde money, you have to know before you come
read what to do with it, because it' s that yes no.
The excitement of the moment makes you go away and then you wonder what I
spent it on and here I leave it on the air for listeners what they
think about spending a salary envelope last year. If you did not follow us,
perhaps you will no longer remember and those who did not script because surely
you have already diversified it in one part, in another goal to see for
the emergency fund another part, to spend it, because it is by greening
it now. Also that, apart from the double salary that was already a
few months ago, this month many people receive a bonus, also yes yes
in the Dominican Republic, the country of speak to me year, but less
it touches me incredibly, so please enjoy it and take advantage of it for
me. If you' re seeing a lot of plugs on the street,
it' s because it' s April. Or April is the similarity of
December here our country. Yes, yes, well, then we welcome Maria
Laura Hello. Maria Laura Hello, how a pleasure, Maria Laura, thank
you for accepting the invitation here to share with us that financial doubt you have.
I' m really excited about this counseling because first of all, we
already said you' re a general practitioner. I mean, you just graduated,
right, a year ago, yeah, more or less, okay,
just graduated, how old you are twenty- four. Well, I'
m super excited to be here. Thank you for the opportunity. I'
m his fan to learn from everything. Recently they paid me my first salary
and I really play as a child of au in the yes one. I
remember that I mean, I put the bux and like Maria Lagro was the
second one that answered and I talked to her and it was like the minute
she already responded to me. I do, yes, yes, yes,
as I love to come yes, very excited, really yes and tell us
that experience of that first salary when you received it is not completely spent.
You' re on a budget. Tell us a little bit before I start
your to spinocer ok then my first sun gave it to me at the end
of March, OK, so just a little day, eleven days, true,
because a little day then what I said that as I knew I was
coming where you guys, because I haven' t spent it, I haven
' t touched it, but I do have doubts and so on. I
want to get organized. I really started following you guys and that' s
something I want to do, I mean, I want to organize. My
finances do their best, even if it' s little for me salary is
not so much, it' s 30, 000 pesos. But if I
want to organize myself, I' m a maintained watch, don' t
sweeten ears program like you Single the Hearts. Yeah, thanks to my parents
for that maintenance, but that doesn' t last a lifetime. No,
and as they gave me my first floor now, there are some things I
' m going to have to pay for that I wasn' t considering before.
So I' m in this new stage of that process and I want
to get organized well, your main discomfort is financial organization. That' s
the first thing you want to attack exactly. Excellently you' re taking a
budget right now or not, that is, of those expenses that come that
you say that maybe you' re going to have those responsibilities, you already
have them identified and the weirdest one, that is, pretty much before I
came here I did it I loved mail, but it really wasn' t
something I had done, although I know it' s wrong and I should
do it, but yes, I kind of made a budget of things that
I know I' m going to have to pay for, like, for
example, gasoline OK, that I know it' s sport ah I transport
that yes, I know that I mean, I have to spend it.
And the important thing because I have a car sewn up by my parents.
Of course, I don' t really have it, so it' s
about seven thousand pesos of gasoline a month, okay. I know that may
vary a bit, I imagine, and then something I want to do is
I want to allocate that I can spend for luxuries or pleasures that I didn
' t think so much before because it wasn' t me who paid for
it. Right, now it' s me that that' s all a
little bit more, but good not a little more. It hurts so bad.
Oh no, I give you two hundred countries and I' ll tell
you the day that I got cut off that credit card that it was an
extension and I got cut off that insurance that day. Really, I couldn
' t want you to make it automatic, which is like when I didn
' t have that extension, it was like ah ok ok, but already
when they take it away, it' s like you wait. That comes
from my money. This account goes so you a little bit more luring it
a little bit more. Yeah, it' s different. Yeah, that
' s why they say here what nothing costs us. Let' s do
the party amen well, because we' re still with the castos. We
have seven thousand a month transport here. Let' s talk about essential expenses
now. It is the first thing for you to organize yourself to know what
are those expenses that you, yes or yes, need month by month to
incur to survive. You still live with your parents, but whatever you want,
you tell me you' re going to have to cover up in spending.
So these essential expenses are transportation. How did you just mention the communications
part, too? If you pay for your Internet, your phone, that
plan, I' m not here, or I' m still waiting for
us, it' s not medicine, maybe some medicine. Well, yeah,
for example, I' m going to mediarmatologist occasionally and those potests that
are a clear investment. That' s, for example, that' s
right, and that counts every pot as two thousand pounds aha, but it
' s not monthly. So I don' t know how I would do
it to organize in that way, because it' s not that I have
to crawl a potemesal, but they' re like every two months, okay,
every two months you spend like seven thousand, seven thousand and six not
on like seven thousand pesos. I' ve got the smell when that date
comes. That' s horrible, but necessary. Uh- huh So we
have fences here. He sits a thousand every two months. It' s
three thousand five hundred a month that you can go for ros rattling. In
the United States there is something that calls it Tinking Fund that is like that
savings that you go, but rattling tell yourself, pulling aside every month by
the time the date of that payment arrives, for example, the insurance of
that pharmacy, that comes every two months as you say, because you already
have the money, like there is ok ok What more tell me what else
you spend that is essential. I think it' s essential that it'
s already secondary, for example, to the bidos for secondary delivery. I
think it' s essential. More i was essential by the ogram just that,
okay, and then we go with the secondary ones. Now with that
ca bo we just mentioned the fun bone. Let' s talk about Pedius
for delivery. No. I don' t ask much for delivery. No,
no, no, no, I think, but I did it or
so much. I mean, as I hear you, well, now I
' m gonna have to pay for it. Me. Now you think there
' s food here, oh, now, the food is made. I
' d say not so much for delivery, but yes, for example,
I went on stage with my friends. It was food for me out in
general. I' d say as well as if I finished the meso a
lot I don' t know ok, like it wouldn' t be to
have a more real number. You have to think about it how many times
you go out a week twice and every time I go out up to a
minimum of 1, 500, for example, then yes, I would say
once a week, because then in my home, as a doctor, it
' s really hard. I mean, weekends are what I have free days
ok that would be like he gave once a week, and it might be
that 1, 500 pounds a week, ok two thousand. You can put
thirty- five hundred thousand or have a month aha. Yeah, out-
of- the- room meals, you got a no, no. No.
So much, you fix me at home, ok ah that' s
the best impression to learn to get home. Yeah, in houses and more
hours, right, yeah, yeah, yeah. No. I have clients
like that who spend 10, 000 a month and she tells me that'
s the best scenario, but I can spend more. They tell us it
' s an essential expense. Really. You remember we were told in Venezuela.
Not that this is an essential expense. I need it and we kind
of ah for example, you also did exactly what you did because there they
were closed so that' s where we had to smooth out there because everybody
learned how to regulate. Yeah, no, I keep reading myself exactly and
I feel like fixing you at home also grabs you a lot of time,
a lot more in this country than there are topon demos you get up earlier
and I sun it totally clear clothes how much you spent that they have nice
luxuries. I wouldn' t say so much, I' d say that
as maybe if there was something that took like three thousand pesos he could do
to me. Or it was as a point to OK subscriptions, pay,
Netflix, Spotify. It' s inside maintenance right now, so no.
It' s not really no. Okay. So I' m curious,
because you tell us in the forms that you completed so many you see going
to the financial medical appointment that you also started an enterprise to generate extra income
which is phenomenal, because we know that in your profession, as we talked
about at the beginning, the income curve is very slow, yes, it
happens very slow. So you' re helping yourself by generating extraordinary revenue.
Tell us a little bit about that venture. I started my venture called Mary
Lautspakery in Pandemia. When we had nothing I taught, I started cooking and
cooking every day. I' m passionate about cooking and well, to earn
an extra trinerito. At the time, I didn' t earn anything.
So that' s what you were studying, studying for years, studying,
and because I did or Lost Bakery I love it. I do it every
time I have more and less time for my profession, but I try to
cook every weekend and so and so that goes. It was like three years
ago, I mean pandemic, it was like three four million years ago,
like other years, and then I' m doing fine that I say with
Mary Laut Bakery Bakery' s small kitchen businesses like I really are for the
season. So, when I was filling out the form, I don'
t have like a monthly income from Vary Lautmakers. It' s hard to
put a number because, for example, at Christmas I do super well at
Valentine' s Day, on Mother' s Day, in that kind of
months, in specifics where there are things that people are going to buy more
sweets, because I' m doing well. But, for example, in
April it' s a dead month, that is, as the one who
says a rto and habichulas with sweet. No, I don' t bug,
non, no, but that yesterday. But that kind of thing isn
' t then how it' s very variable. What he meant by the
entry of Mary Us Bakkery in general. But the expenses of that same venture
you take it, according to the orders they are coming, that is,
you do not take it from these thirty thousand that it is going to be.
Or no, no, no, I, no, I have that
part of the business and it doesn' t subsist on those exactly. Exactly
I' m trying to arrange the Marilus Bakery part, that everything that'
s coming in from there I put it in a savings account, that'
s not a normal time account. Okay, and that' s where we
have to move him from there. Well, let' s talk about it.
Yeah, yeah, and when I have to buy materials or everything I
do, I try to use it from that same account so I don'
t mix up either Maria Utspecy' s or personal money. I try to
keep that different then those seasons that you say usually come every two or three
months. You pay yourself some salary, some incentive for this job that you
do there or it just stays on the bill and keeps feeding the business.
That stays in the account to save, which is like I use it,
like it says my savings Ok, like it says Mike t Baeckry and what
I believe today, Mirilut Bakrys, and I have to buy something, but
that company money, that as it stays like the company, that exactly from
the company. It' s important to establish a salary, uh, I
mean, maybe not a salary because you tell me that the issue of power
is very variable that, but a dividend an incentive that every time those spikes
arrive you get a share for IT, for Mari Maria Laura, Mary Laust
Bakery is another person, okay like my personal account, I mean, look
at you aha your count is taking a commission from you ok and it'
s already going to depend on if a month you didn' t sell anything,
for example, because it was very loose, because there you don'
t get out of that account, but another month is already getting out according
to what you sold. Ok when eventually, if you have a flow of
money every month, then yes, it is good to have a fixed salary
for the human that will help you to cover one of your essential casts and
you to have there assigned OK. How much is the least I have to
do the month at Mary Lause Bakery. But yes, for now, as
you have those months yet there are not many events, because what you can
do is put a commission according to what you generate that month. OK.
Well, then, since we have essential expenses and secondary expenses here, let
' s figure out how much of that income you have. We can say
the income here clear, clear or income is the first time you' re
getting regular and your income is 30, 000 pesos, those thirty zero are
net. That' s what' s on your mind. Yes well,
I always recommend that when you go to do this kind of organization, you
have that net income, what falls to your account? Because if we put
in the gross amount that you know that you have to discount it and that
if it stops you that if FP, because it is not so clear to
you, then what we want here is that all the money is clear to
you. Well, then, in your case, you have expenses of ten
thousand five hundred pesos a month that are essential. Here we are including.
I' d say we can split the singing pont for him to have more
organization. Then look what we' re gonna do. Your essential expenses are
only going to be seven thousand pesos, which are the transportation costs that come
in recently. Yeah, so, to figure out how much you' re
spending those income that you have, which is thirty zero in percentage, let
' s divide seven thousand by thirty thousand This is not give twenty- three
point three percent. That' s what you' re spending on monthly essentials.
Then we go with the secondary expenses, which are nine thousand five hundred
pesos. We divide it back here, right, so you learn to do
it at home anyway. Thirty thousand among nine thousand five hundred pardons nine thousand
five hundred among thirty are thirty thirty thousand. Okay. It gives us thirty
- one point, six percent, two percent ok. And how do we
have a sinking fund, which is what we also want you to inculcate for
that pharmacy expense that comes every two months. And when you have to pay
your insurance, there' s also going to be a sinking fund for that,
to save little by little. What you have to pay for sure every
once in a while. What we' re going to do is we'
re going to assign you, even though you didn' t score right now,
that you have a savings. We' re going to give you a
monthly savings of three thousand five hundred pesos. OK that three thousand five hundred
pesos. We' re going to divide three thousand five hundred by thirty thousand
and give us twelve percent. OK, that' s the liner I have
to scratch every month. I don' t know how you are now I
think that' s how you are now. So now let' s go
to our recommendations. Okay, open the lan calculator We have here. She
' s spending twenty- three point three more, thirty- two more.
He likes that we' re assigning him the thinking phone. So far we
have those income that you have sixty- seven percent, sixty- seven point
three percent is what you' re spending, so we have a dear surplus
left. We have thirty- two percent left to play with you. It
' s thirty- two percent. We are very flexible, especially when people
are starting to organize because they don' t have the real numbers. Still,
I mean, you just told me expenses, but I always compare it
to the wedding list. When I made my wedding list, my guest list,
I made a main list, I said since everyone is here. Nobody
' s missing. The other day, I forgot to sleep Such people raised
her to notice the other person in three days Oh, my God, that
person also spoke to me I mean, I understand that the same thing happens
with the expenses as if you, when you' re going to notice it
for the first time. You may think you have all the expenses covered,
but then you realize it. I forgot to look here I' m paying.
I didn' t notice this. So let' s take this amount
as proof and let' s even assign you a little higher percentages, so
that you have caps on your essential and secondary expenses. Okay, that'
s an exact game. It is very important also the secondary expenses, because
in meals we made an estimate. So, apart from these percentages that we
' re going to give you, the important thing is that you, too,
make a commitment to record all those expenses, whether it' s in
a notebook, in your cell notes, to use a combination of your cell
notes, the notebook with an excel or also an application. There are several
applications. Now that we' re on the phone for twenty- four sevens,
of course we can take advantage of this technology. Some of the applications
that we recommend are wallet, Monifyte, another one called joining low and simple
low put. Then you can compare between those four which fits you best.
In the case of walled you can even lir karla with some bank accounts.
I' m telling you, so the exact cell phone that' s on
your cell phone that helps you register, but you do commit to woe in
the news of a cell phone. I just spent this on this bill.
You can even throw a picture at him and send it to yourself Whatsapp and
then do the registration on an excel for example, and there your so real
check is the secondary expense numbers, because that' s where we' re
going to see how effective those percentages are. I mean, today we'
re going to make you propose those percentages with that thirty- two percent surplus
that we have going up each of the categories. But your commitment is that
this month you see OK how real those percentages are. I have to make
an adjustment to spend a little less than they said. Essential expenditure, because
that little bit less I can allocate it to savings Ok. Perfect well,
then you have to write down so clear, clear of excellent, you will
notice your key numbers for this new budget that we are conforming with you OK,
of those thirty thousand that you enter. Your top amount of essential expenses
is going to be twenty- five percent ses is going to be the TOPE
percentage or that to be seven thousand five hundred TOPE you can' t get
over there. There we had five hundred pesos, although we had seven thousand
then we went up a little bit, a game OK in the secondary expenses.
Your TOPE percentage is going to be thirty- five percent, which is
ten thousand five hundred pesos of your income OK. And from now on you
' re going to have nothing more and nothing less than a spectacular forty percent,
which is only seen in gs gs gs gs gs gs gs gs gs
gs gs gs gs gs gs gs gs
gs gs gs gs gs gs gs gs Not and not all those in the
calden years who started getting their first salary. It' s an opportunity to
take advantage of these surpluses that you don' t have so many responsibilities and
take advantage of that forty percent because believe us that when home responsibilities come,
children of loan that' s that, hopefully, we' re putting that
you have to do magic, go make many adjustments that we decided to use
good credit cakes, that we' re going to talk about that now to
create more savings and little by little increase that saving potential, because that forty
percent is only seen. I think that in Golden RS, if that forty
percent in your house, it' s twelve thousand pesos that is your savings
potential, it' s a pretty good number for your income and we'
re not talking about the extraordinary income that you' re going to have for
your venture. Then those 12, 000 are going to be the springboard for
all the goals you want to achieve. That' s your goal- achieving
potential. What are the goals you' re going to develop? Well,
it really depends. We' re going to assign you a main goal,
which is the one from the emergency fund. OK is a little money that
you are going to accumulate, that will cover you in unexpected situations, that
you stop receiving income by x or by already some disease happens something with your
vehicle that you already have to pay for. Right. So, for that
you' re going to use that emergency fund and how that emergency fund is
calculated. You' re gonna take what you take. The expense that you
have essential right now, which is that fuel transport that we are seven thousand
pesos. You take that amount and multiply it by three and then by six,
and that gives you the range of three to six months for your having
your emergency fund. In your case they are from twenty- one zero to
forty- two thousand pesos. This is not a goal that is reached overnight.
The emergency fund is a time- consuming goal, which can take you
up to two years to reach it and nothing happens. But the important thing
is little by little to build it, because it is that fund that will
give you peace when an eventuality arrives that no one is exempt to what happens.
Okay, so that' s how the man says for an emergency,
so I don' t cough it up in exact situations that the Juan Luis
concert came from Juanes and a friend called you that you want to go that
a movie for the emergency fund You understand you have that money from this box
office and that there' s an eventuality. He came in unexpectedly. No,
that concert doesn' t apply to that. That' s why we
need to know very well what an emergency is and what' s not an
emergency for when if we can touch it, okay? The ideal range of
emergency fund is also annotate it is between twenty- one thousand and forty-
two thousand pesos. That' s going to be placed in a liquid product.
Liquid means you can access your money. It' s fast on a
working day, but not on a horrifying account. Not in a savings account.
I mean, a savings account. It' s the most basic option,
it' s an option, but we don' t lean towards that
option. Sure, we lean on an account, but high- performance that
generates interest. You can' t give yourself up to seven and up to
fourteen times more than what generates a normal account. Then you will be placed
a performance account, or you will be placed on a liquid immersion bottom,
on an OK affi. You' re going to open the two products.
The two products, both the liquid investment fund and the return account, are
the two investments that we say everyone has to have. The liquid investment fund
is in an investment fund manager, so you' re not going to a
bank to open an investment fund. It also allows you to make recurring contributions
monthly. You can contribute as many times as you want. Profitability is variable,
because that fund does invest it in different instruments, in financial certificate,
in high- performance savings account, which have different rates, and the high
- performance savings account does have a fixed rate, that is, those are
the main differences. One has a variable rate, a fixed rate, but
in the high- performance savings account you can also schedule recurring savings. So
that open potential that you have even you can automatically get that off your nominal
account and so on. Automatically, you don' t have to be thinking
about the thing that I have to get him out. No, no,
no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no,
no, no, no, no, no, no, no,
no, no, no, no, no, no, no, no,
no, no, no, no, no OK And that' s
your different entity, that' s two different places. Yes, the high
- performance account opens the banks, the liquid immersion fund opens in the minutes
and we, behind the cameras, are going to pass you over and we
' re going to direct you the next questions you need to be able to
document those investments and open that nejita account is your card, that business letter
is fresh and you also need the movement of your bank account for the last
three months that you can generate through your bank platform. Yeah, yeah,
perfect Okay, yeah, you' re gonna invest a little money that comes
from your bakery. You can document it in a slightly different way, that
is, for example, with whatsapp conversations that you give to customers by sending
them the bill and so ok ok and the Bakru still recommend that I put
it in a part, that is, in a stop or liquid account.
Apart from the bakery, we recommend a fondame a liquid, because there are
no accounts attractive performance for companies. Still, okay, so, just like
you open the personal account, because you' re going to open an account
in a fi for a liquid fund, but for the company, the company
is set up. No, well, it would be in your name for
the moment, okay, but try to say look. It' s two
separate funds that I want, so in one fund you can have two and
even more unlimited, or that I can have the accounts that you want in
the same fund and even the one that ends zero one is going to be
Baker' s and the one that ends zero one hundred two is going to
be your staff of the perfect Emergency Fund ok ok. I understood excellent.
You can have it now. The main difference in rates is that that regular
open account you have, what can most generate you is one percent annually.
These high- performance savings accounts can generate you from four percent to seven percent
and liquid investment funds also from five point five to eight percent. Now they
' re like up to the new percent a year and I can get the
money out with that' s when they go scares. You need it,
what you have to keep in account, that you have to send an email
and that, for example, AFIs have some schedules, like they can request
withdrawals until eleven in the morning or until three in the afternoon. You can
talk to them about that. When you become a customer, look what time
I have to withdraw the money. And let it get to me the next
day and it gets to your account that you checked in. Okay, so
tedes will recommend to me that it' s the money you put here is
my savings money, which we already constituted that we already talked about saving this
and not that money. You' re gonna put the money in for your
emergency fund. A ok that investment, ok ok tons your emergency fund.
We already said the rank and we already said that you can take twelve thousand
pesos a month two from you. We can make you evaluate what goals you
have, you have some other goal that comes, that comes soon travel,
travel, either everyone how weird excellent, because as your second goal is travel,
we will divide those twelve thousand pesos in two so that you have the
savings of your emergency fund growing invested and you have the savings of your trips
also growing invested OK Super So that makes you a thousand How about we get
six thousand for the monthly emergency fund and six fifty percent and fifty for your
viewing and six thousand for your trip goal ok super ok. Already in four
months you' re going to have the range of three more, the range
of three months of your emergency fund OK and more that' s going to
generate you every month. I mean, he thinks it takes a lot of
people years to reach him. If you have this six thousand pesos plan every
month for my emergency fund. In four months, you' re going to
have more than three months and already when you reach the six months range,
because that six thousand you can add to another mint OK super I love ok.
Then we have to decide now. Now where we' re going to
put those extra six thousand for the travel goal when you have, when you
' re going to travel an estimated date. Or not. No, no,
no, not really obvious. It' s not right. Yes or
sixty days and then spend it with each other, maybe sixty days. The
minimum has to accumulate first exactly. Yeah, there' s a 60-
day fund that we love, that' s available in the country, but
the minimum amount is six zero if we want to you it' s six.
They' re me understand what I already understood aha then as they are
twenty zero and what we' re going to be saving is six thousand monthly.
You still can' t on the first investment, but you' re
going to be able to eventually no less. Yeah, okay, so that
fund knows it you can open your account to have the list as an opportunity
for when you already have twenty you move it to I Ok. But that
fund is like time. I explained to you about the liquid bottom, but
here, as his last name indicates sixty days, every sixty days, you
can take your money without penalty from that focus. OK. And profitability is
variable, but in the last year, with very little volatility, very little
variation, it has had a profitability above the eleven wow super. Yes,
very good products. You know that product. We' ll pass you the
contact so you can open the OK account and in the intering we' ll
be placing those six thousand pesos of savings for your travel goal in a 90
- day fund. OK to ninety days is the same in the same theory
of the fund, but every ninety days you can take out your money without
penalty. Then there you' re going to accumulate monthly every two months or
every three months. If you receive the extra income of your venture, you
take it out and you can put it there for your travel goal too,
ok that you grow everything together that you have to keep in mind that at
ninety days, you can or already when I have twenty thousand. You have
to take into account the 90- day penalty- free date to planet it
then sixty- ten. Sure, then, as long as you spend the
sixty days, you can leave it there for years, that is, until
the trip arrives and when I get it exactly that gives you the flexibility to
take it out every sixty days. But I mean, you can' t
leave it exactly. OK and you don' t have it automatically, that
' s reinverted, although that' s what you want to remove, is
that you notify. But if you don' t notice anything, they assume
you want to leave it there for a long time. Okay, exact number.
So far it' s all clear, yes, everything, how I
feel or want to raba, well, look. We have a few little
minutes here and these little minutes already you have a lot of work to do
and a radical change in your financial landscape. Sure, I mean, this
is gonna be a before and after. I promise you what a thrill it
is to talk about credit cards. Who or who I have a OK credit
card can feel, whether it' s a bank or not, yes,
yes, yes, yes, a basic card, for example, yes from
the People' s Bank. Don' t bring jobs OK, but it
won' t benefit you. The great goal is called ah ok i mean,
I had the orbit changed it for the great ah yeah yeah yeah,
I was changed today it' s not called great and i mean it has
one in restaurant like they give you back like a small see percentages. But
well, I mean, I didn' t have it, it does have
benefits, it has benefits, and it' s a card that' s
really short your age and according to your castes. Now, you told us
that one of your main goals is travel. Yes, that is to say,
we can also evaluate a credit card focused also on travel so that you
manage with those two cards, obviously, knowing true the limits that you have
to pay those cards always on their pay date, of course the balance,
the cut, of course ok if it is not an extremely expensive product,
you are paying time for it your startup yes, always say OK perfect tenembre.
All right, because that' s also going to help you create a
credit score and that opening another credit card also helps you, i e,
maybe at a temporary time at the beginning it goes down a little bit.
The point is credit. But already as you' re raising your credit limit
in the long run, that' s going to help you keep raising that
score that you' re eventually going to need for when you want to borrow,
for a home, for a vehicle, to open a consultant, for
example. You know that it' s very important to also aim to build
a good credit score. Of course, I mean, one of the travel
credit cards is that we can evaluate with you is the American Airlines of survey
In the advantage that gives very good benefits on American Airlines, that is,
you are consuming miles and in advance you are consuming those points that help you
buy tickets. Sure, that' s a very good card, just like
the Popular Jet Blue. You can compare the two Ok. It' s
already going to depend on where you' re traveling the most, that'
s if you see more on American Airlines Anjet Blue, American Airlines has allies,
has many allied airlines, a little more diverse. Exactly OK, we
need to see how you just got income, because you probably don' t
get it in the first month but are going to be asked to contact in
three months, as long as you have a three- month history working OK
so you don' t despair in that sense. Not clear, little by
little, of course and well they made the now because we have reached almost
the end. Tell us your doubts that Ok you' re talking about dollars.
I' ve got some dollars to give me gifts Look, I always
try to horrify it in my gabet. Nothing to do or what happens.
I understood if I' m wrong that for you, like saving in a
hobby or a stock market, you have to have the origin of the money
and document them. And because he had an account in dollars. And to
have a dollar account, you have to have a minimum of$ 500.
It doesn' t depend, that' s to say, on how sorry
you are. I' m saying dollars. Oh, you knew that.
That' s what I was going to ask, because, like, well,
I also want to open a savings account because I have to do it
to put my money in a stock market position, in an afi but I
don' t have the five hundred dollars that have to stay there, because
that' s the least you have to give then, like you don'
t give me And that' s why there are some that have minimums of
a hundred dollars and three hundred dollars in my head, that is, it
' s less than five hundred, but yes, to open up an investment
fund manager a stock exchange position, they' re going to ask you for
the origin of the fund. This ok that money. Who gave it to
you. My grandfather, my aunt ok was Christmas I' m always cool.
Anything or not. This can be negotiated, i e not. It
' s not like you can' t invest money. If you can invest
it, but you have to negotiate it with the entity. It may be
that they ask you for a letter made by you to indicate look at on
such a date my grandfather, such a card, as he gave me so
much he elaborated in such an accurate story of how you received that money and
you can give up the evidence of income, either from your grandfather, your
aunt or a work letter from them and so the process is made easier.
Okay, there are some institutions more stringent than others, but there are some
flexible ones that help you with the process of how to handle it, so
out of a direct count and that also still recommend me to put it the
same on a liquid bottom or look. There are liquid funds in dollars.
That asks me that I' m dollars. Yeah, and there' s
also 30 days. These funds generate a return of approximately two percent to four
percent annually, because remember that it is also the same theory, which is
variable profitability. But if they give you the flexibility that every twenty- four
hours on favorable days or every thirty days you can access your money. Or
that super I love excellent, because you just changed all the financial perception,
all those doubts already I think are a little bit more definitely advanced and it
is a very positive step, because we know that you just received income,
that is, that you are in the moment. I don' t think
anyone' s been as perfect a moment as you are. Well tidal hour,
well thank you a thousand for coming here to tell us your financial doubt.
Then you tell us, like everyone else, to be clear that it
is how you go and I hope you come back here already with different testimonies
of what you look at. I have so much investment. My emergency fund
is six months away. I went on a trip, look at me Mexico
and bring the stories. He' s got the pictures and those trips,
because you really have a lot of potential. You can see that you are
already organized and, above all, you are hungry to want to organize yourself,
to want to invest, to want to know about the products. I
mean, you, I' m not just going to invest you, you
' re not like you have the interest, you know you and two instruments.
It will always help you in the long run when you get an additional
income, because you already know that there is a fund manager of your investment
where you can already put your money, a savings account, high performance and
so, from now on, all savings will no longer be in the tab
or the account of another regular, but you have to start to generate.
So we wish you so much success and send us those photos of those trips,
because from an emergency fund it has already created, because you know that
you will create it soon and nothing we wish you all the best. Thank
you, you have a real chance that I' m super happy, very
excited. Thank you for everything, excellent, and thank you so much for
tuning us in. Don' t just take this episode, but share it
with all those doctors and entrepreneurs, because María Laura is also an entrepreneur so
that they can get started, organize and, above all, invest all your
savings. So I' ll see you in the next episode Bye.