WEBVTT 1 00:00:02.560 --> 00:00:09.039 Welcome to Economics Tata Your Finance Podcast Here we will talk light and sincerely about 2 00:00:09.119 --> 00:00:16.280 money where together we will turn the hard into easy and clear we will take 3 00:00:16.399 --> 00:00:20.079 our finances to another level. From now on, your numbers will be as 4 00:00:20.160 --> 00:00:25.399 if you' ve never committed errols for a lecturing past, a healthy present, 5 00:00:25.839 --> 00:00:30.120 a promising future, and a grateful pocket. That' s why we 6 00:00:30.199 --> 00:00:32.759 ' re following us on Instagram, Facebook, tiktok, linking and Twitter. 7 00:00:32.920 --> 00:00:38.479 Arroba Economics silver hello welcome to a new episode more Economics Tata your Podcast Finance. 8 00:00:38.520 --> 00:00:42.359 I am Kimberley and already Labra and today we have here live a financial 9 00:00:42.439 --> 00:00:47.479 medical consultation, and how curious that today we have a general doctor here on 10 00:00:48.679 --> 00:00:53.600 podcast totally and I feel that also, apart from being a general doctor, 11 00:00:54.119 --> 00:00:58.920 it is at a stage that I would have loved to have a financial medical 12 00:00:59.000 --> 00:01:04.439 appointment at that mons moment to start my first salary. I aim to get 13 00:01:04.560 --> 00:01:08.959 organized and not wait for the mess to be done, but start as if 14 00:01:10.000 --> 00:01:12.640 that first salary in an organized way. Yes, I confess to you the 15 00:01:12.680 --> 00:01:21.959 time that I loved to do counseling for doctors We have also given workshops recently 16 00:01:22.239 --> 00:01:26.599 aimed at dermatologists. The other day I was also more in a hospital. 17 00:01:26.680 --> 00:01:30.599 I remember a group also from different areas of doctors too and I say it 18 00:01:30.680 --> 00:01:36.799 ' s as curious as they say wow is that I never have the time 19 00:01:36.840 --> 00:01:40.840 to learn from this, because my career is so demanding, of course and 20 00:01:41.000 --> 00:01:45.519 you' re right, but I still advocate that they can include, even 21 00:01:45.760 --> 00:01:47.280 if it' s a total matter of finance, in the pinson. I 22 00:01:47.280 --> 00:01:49.920 say yes, because it is very important, more in the fact that it 23 00:01:49.920 --> 00:01:53.680 is a career than at the beginning, first there is a lot of sacrifice 24 00:01:53.719 --> 00:01:57.719 of time, of effort, of studies, but in turn, at the 25 00:01:57.799 --> 00:02:01.159 beginning of the career it is not that they receive such a large salary of 26 00:02:01.200 --> 00:02:06.920 s pspent when they grow, they begin to receive many plujos of money and 27 00:02:06.920 --> 00:02:07.840 arrive at that moment without knowing anything of finance, without organizing. So I 28 00:02:07.879 --> 00:02:12.120 say that you have to learn to organize with whatever you have, that is, 29 00:02:12.159 --> 00:02:15.439 from the beginning, even if you consider that right now is not much, 30 00:02:15.159 --> 00:02:20.000 because eventually, when that saving potential arrives, you will receive more income, 31 00:02:20.080 --> 00:02:22.400 because you will already be prepared, you will have the base, you 32 00:02:22.479 --> 00:02:25.879 will already have savings created, and that gives a good sign for you to 33 00:02:25.919 --> 00:02:29.759 reach those dreams that you have. Yeah, I say that' s also 34 00:02:29.879 --> 00:02:32.800 an analogy to what we say that when you' re going to get an 35 00:02:32.800 --> 00:02:37.919 extraordinary income, a juicy grounde money, you have to know before you come 36 00:02:37.960 --> 00:02:38.919 read what to do with it, because it' s that yes no. 37 00:02:39.000 --> 00:02:43.719 The excitement of the moment makes you go away and then you wonder what I 38 00:02:43.800 --> 00:02:47.120 spent it on and here I leave it on the air for listeners what they 39 00:02:47.199 --> 00:02:51.360 think about spending a salary envelope last year. If you did not follow us, 40 00:02:52.080 --> 00:02:54.319 perhaps you will no longer remember and those who did not script because surely 41 00:02:54.360 --> 00:03:00.360 you have already diversified it in one part, in another goal to see for 42 00:03:00.360 --> 00:03:04.759 the emergency fund another part, to spend it, because it is by greening 43 00:03:04.759 --> 00:03:07.199 it now. Also that, apart from the double salary that was already a 44 00:03:07.280 --> 00:03:13.840 few months ago, this month many people receive a bonus, also yes yes 45 00:03:14.240 --> 00:03:19.240 in the Dominican Republic, the country of speak to me year, but less 46 00:03:19.360 --> 00:03:23.560 it touches me incredibly, so please enjoy it and take advantage of it for 47 00:03:23.560 --> 00:03:27.319 me. If you' re seeing a lot of plugs on the street, 48 00:03:27.800 --> 00:03:30.439 it' s because it' s April. Or April is the similarity of 49 00:03:30.520 --> 00:03:34.400 December here our country. Yes, yes, well, then we welcome Maria 50 00:03:34.479 --> 00:03:39.680 Laura Hello. Maria Laura Hello, how a pleasure, Maria Laura, thank 51 00:03:39.800 --> 00:03:45.199 you for accepting the invitation here to share with us that financial doubt you have. 52 00:03:46.120 --> 00:03:50.159 I' m really excited about this counseling because first of all, we 53 00:03:50.199 --> 00:03:53.199 already said you' re a general practitioner. I mean, you just graduated, 54 00:03:53.319 --> 00:03:55.039 right, a year ago, yeah, more or less, okay, 55 00:03:55.639 --> 00:04:00.719 just graduated, how old you are twenty- four. Well, I' 56 00:04:00.759 --> 00:04:02.800 m super excited to be here. Thank you for the opportunity. I' 57 00:04:02.840 --> 00:04:09.360 m his fan to learn from everything. Recently they paid me my first salary 58 00:04:09.400 --> 00:04:13.680 and I really play as a child of au in the yes one. I 59 00:04:13.759 --> 00:04:15.920 remember that I mean, I put the bux and like Maria Lagro was the 60 00:04:15.920 --> 00:04:20.079 second one that answered and I talked to her and it was like the minute 61 00:04:20.160 --> 00:04:23.040 she already responded to me. I do, yes, yes, yes, 62 00:04:23.399 --> 00:04:28.040 as I love to come yes, very excited, really yes and tell us 63 00:04:28.079 --> 00:04:33.839 that experience of that first salary when you received it is not completely spent. 64 00:04:34.519 --> 00:04:38.959 You' re on a budget. Tell us a little bit before I start 65 00:04:39.040 --> 00:04:42.959 your to spinocer ok then my first sun gave it to me at the end 66 00:04:43.279 --> 00:04:46.040 of March, OK, so just a little day, eleven days, true, 67 00:04:46.439 --> 00:04:48.839 because a little day then what I said that as I knew I was 68 00:04:48.920 --> 00:04:51.319 coming where you guys, because I haven' t spent it, I haven 69 00:04:51.360 --> 00:04:54.120 ' t touched it, but I do have doubts and so on. I 70 00:04:54.160 --> 00:04:56.680 want to get organized. I really started following you guys and that' s 71 00:04:56.720 --> 00:04:59.560 something I want to do, I mean, I want to organize. My 72 00:04:59.600 --> 00:05:02.480 finances do their best, even if it' s little for me salary is 73 00:05:02.519 --> 00:05:04.839 not so much, it' s 30, 000 pesos. But if I 74 00:05:04.879 --> 00:05:13.519 want to organize myself, I' m a maintained watch, don' t 75 00:05:13.759 --> 00:05:15.600 sweeten ears program like you Single the Hearts. Yeah, thanks to my parents 76 00:05:15.639 --> 00:05:19.759 for that maintenance, but that doesn' t last a lifetime. No, 77 00:05:20.040 --> 00:05:24.399 and as they gave me my first floor now, there are some things I 78 00:05:24.439 --> 00:05:27.639 ' m going to have to pay for that I wasn' t considering before. 79 00:05:27.639 --> 00:05:30.720 So I' m in this new stage of that process and I want 80 00:05:30.839 --> 00:05:33.959 to get organized well, your main discomfort is financial organization. That' s 81 00:05:34.000 --> 00:05:39.240 the first thing you want to attack exactly. Excellently you' re taking a 82 00:05:39.319 --> 00:05:43.079 budget right now or not, that is, of those expenses that come that 83 00:05:43.160 --> 00:05:46.920 you say that maybe you' re going to have those responsibilities, you already 84 00:05:46.240 --> 00:05:49.000 have them identified and the weirdest one, that is, pretty much before I 85 00:05:49.240 --> 00:05:53.279 came here I did it I loved mail, but it really wasn' t 86 00:05:53.319 --> 00:05:55.920 something I had done, although I know it' s wrong and I should 87 00:05:55.920 --> 00:05:59.399 do it, but yes, I kind of made a budget of things that 88 00:05:59.399 --> 00:06:00.759 I know I' m going to have to pay for, like, for 89 00:06:01.319 --> 00:06:05.600 example, gasoline OK, that I know it' s sport ah I transport 90 00:06:05.600 --> 00:06:05.600 that yes, I know that I mean, I have to spend it. 91 00:06:05.680 --> 00:06:10.040 And the important thing because I have a car sewn up by my parents. 92 00:06:10.120 --> 00:06:14.000 Of course, I don' t really have it, so it' s 93 00:06:14.040 --> 00:06:15.319 about seven thousand pesos of gasoline a month, okay. I know that may 94 00:06:15.480 --> 00:06:20.759 vary a bit, I imagine, and then something I want to do is 95 00:06:20.800 --> 00:06:27.360 I want to allocate that I can spend for luxuries or pleasures that I didn 96 00:06:27.480 --> 00:06:29.519 ' t think so much before because it wasn' t me who paid for 97 00:06:29.519 --> 00:06:31.920 it. Right, now it' s me that that' s all a 98 00:06:32.480 --> 00:06:35.079 little bit more, but good not a little more. It hurts so bad. 99 00:06:35.519 --> 00:06:38.399 Oh no, I give you two hundred countries and I' ll tell 100 00:06:38.439 --> 00:06:42.639 you the day that I got cut off that credit card that it was an 101 00:06:42.639 --> 00:06:46.560 extension and I got cut off that insurance that day. Really, I couldn 102 00:06:46.560 --> 00:06:48.759 ' t want you to make it automatic, which is like when I didn 103 00:06:48.800 --> 00:06:53.920 ' t have that extension, it was like ah ok ok, but already 104 00:06:54.040 --> 00:06:57.000 when they take it away, it' s like you wait. That comes 105 00:06:57.079 --> 00:07:00.120 from my money. This account goes so you a little bit more luring it 106 00:07:00.199 --> 00:07:02.560 a little bit more. Yeah, it' s different. Yeah, that 107 00:07:02.639 --> 00:07:08.079 ' s why they say here what nothing costs us. Let' s do 108 00:07:08.879 --> 00:07:11.639 the party amen well, because we' re still with the castos. We 109 00:07:11.639 --> 00:07:15.800 have seven thousand a month transport here. Let' s talk about essential expenses 110 00:07:15.839 --> 00:07:19.720 now. It is the first thing for you to organize yourself to know what 111 00:07:19.800 --> 00:07:24.199 are those expenses that you, yes or yes, need month by month to 112 00:07:24.199 --> 00:07:26.839 incur to survive. You still live with your parents, but whatever you want, 113 00:07:27.000 --> 00:07:28.600 you tell me you' re going to have to cover up in spending. 114 00:07:28.680 --> 00:07:32.360 So these essential expenses are transportation. How did you just mention the communications 115 00:07:32.439 --> 00:07:38.519 part, too? If you pay for your Internet, your phone, that 116 00:07:38.519 --> 00:07:45.279 plan, I' m not here, or I' m still waiting for 117 00:07:45.279 --> 00:07:45.879 us, it' s not medicine, maybe some medicine. Well, yeah, 118 00:07:45.920 --> 00:07:49.759 for example, I' m going to mediarmatologist occasionally and those potests that 119 00:07:49.800 --> 00:07:53.639 are a clear investment. That' s, for example, that' s 120 00:07:53.800 --> 00:07:57.519 right, and that counts every pot as two thousand pounds aha, but it 121 00:07:57.519 --> 00:08:00.959 ' s not monthly. So I don' t know how I would do 122 00:08:00.959 --> 00:08:01.959 it to organize in that way, because it' s not that I have 123 00:08:03.000 --> 00:08:05.480 to crawl a potemesal, but they' re like every two months, okay, 124 00:08:05.800 --> 00:08:09.360 every two months you spend like seven thousand, seven thousand and six not 125 00:08:09.360 --> 00:08:11.360 on like seven thousand pesos. I' ve got the smell when that date 126 00:08:11.360 --> 00:08:18.639 comes. That' s horrible, but necessary. Uh- huh So we 127 00:08:18.639 --> 00:08:20.519 have fences here. He sits a thousand every two months. It' s 128 00:08:20.600 --> 00:08:24.240 three thousand five hundred a month that you can go for ros rattling. In 129 00:08:24.240 --> 00:08:26.399 the United States there is something that calls it Tinking Fund that is like that 130 00:08:26.480 --> 00:08:31.959 savings that you go, but rattling tell yourself, pulling aside every month by 131 00:08:31.959 --> 00:08:33.879 the time the date of that payment arrives, for example, the insurance of 132 00:08:33.879 --> 00:08:37.600 that pharmacy, that comes every two months as you say, because you already 133 00:08:37.639 --> 00:08:43.639 have the money, like there is ok ok What more tell me what else 134 00:08:43.000 --> 00:08:46.799 you spend that is essential. I think it' s essential that it' 135 00:08:46.919 --> 00:08:50.320 s already secondary, for example, to the bidos for secondary delivery. I 136 00:08:50.360 --> 00:08:56.360 think it' s essential. More i was essential by the ogram just that, 137 00:08:56.720 --> 00:08:58.639 okay, and then we go with the secondary ones. Now with that 138 00:08:58.720 --> 00:09:05.039 ca bo we just mentioned the fun bone. Let' s talk about Pedius 139 00:09:05.039 --> 00:09:07.879 for delivery. No. I don' t ask much for delivery. No, 140 00:09:07.960 --> 00:09:09.799 no, no, no, I think, but I did it or 141 00:09:09.840 --> 00:09:13.600 so much. I mean, as I hear you, well, now I 142 00:09:13.639 --> 00:09:16.240 ' m gonna have to pay for it. Me. Now you think there 143 00:09:16.279 --> 00:09:20.480 ' s food here, oh, now, the food is made. I 144 00:09:20.519 --> 00:09:22.960 ' d say not so much for delivery, but yes, for example, 145 00:09:22.000 --> 00:09:24.840 I went on stage with my friends. It was food for me out in 146 00:09:24.840 --> 00:09:33.279 general. I' d say as well as if I finished the meso a 147 00:09:33.840 --> 00:09:37.879 lot I don' t know ok, like it wouldn' t be to 148 00:09:37.879 --> 00:09:39.960 have a more real number. You have to think about it how many times 149 00:09:39.000 --> 00:09:43.720 you go out a week twice and every time I go out up to a 150 00:09:43.720 --> 00:09:46.200 minimum of 1, 500, for example, then yes, I would say 151 00:09:46.200 --> 00:09:48.720 once a week, because then in my home, as a doctor, it 152 00:09:48.720 --> 00:09:50.879 ' s really hard. I mean, weekends are what I have free days 153 00:09:50.000 --> 00:09:54.000 ok that would be like he gave once a week, and it might be 154 00:09:54.039 --> 00:09:56.960 that 1, 500 pounds a week, ok two thousand. You can put 155 00:09:58.039 --> 00:10:01.799 thirty- five hundred thousand or have a month aha. Yeah, out- 156 00:10:01.279 --> 00:10:03.159 of- the- room meals, you got a no, no. No. 157 00:10:03.240 --> 00:10:07.679 So much, you fix me at home, ok ah that' s 158 00:10:07.759 --> 00:10:09.480 the best impression to learn to get home. Yeah, in houses and more 159 00:10:09.519 --> 00:10:16.519 hours, right, yeah, yeah, yeah. No. I have clients 160 00:10:16.679 --> 00:10:20.960 like that who spend 10, 000 a month and she tells me that' 161 00:10:20.000 --> 00:10:24.039 s the best scenario, but I can spend more. They tell us it 162 00:10:24.159 --> 00:10:26.840 ' s an essential expense. Really. You remember we were told in Venezuela. 163 00:10:26.960 --> 00:10:28.840 Not that this is an essential expense. I need it and we kind 164 00:10:28.840 --> 00:10:33.200 of ah for example, you also did exactly what you did because there they 165 00:10:33.240 --> 00:10:35.679 were closed so that' s where we had to smooth out there because everybody 166 00:10:35.679 --> 00:10:37.919 learned how to regulate. Yeah, no, I keep reading myself exactly and 167 00:10:37.960 --> 00:10:43.240 I feel like fixing you at home also grabs you a lot of time, 168 00:10:43.480 --> 00:10:46.120 a lot more in this country than there are topon demos you get up earlier 169 00:10:46.679 --> 00:10:52.679 and I sun it totally clear clothes how much you spent that they have nice 170 00:10:52.679 --> 00:10:54.639 luxuries. I wouldn' t say so much, I' d say that 171 00:10:54.759 --> 00:10:56.559 as maybe if there was something that took like three thousand pesos he could do 172 00:10:56.559 --> 00:11:05.840 to me. Or it was as a point to OK subscriptions, pay, 173 00:11:07.120 --> 00:11:13.240 Netflix, Spotify. It' s inside maintenance right now, so no. 174 00:11:13.240 --> 00:11:16.200 It' s not really no. Okay. So I' m curious, 175 00:11:18.480 --> 00:11:22.000 because you tell us in the forms that you completed so many you see going 176 00:11:22.000 --> 00:11:28.200 to the financial medical appointment that you also started an enterprise to generate extra income 177 00:11:28.200 --> 00:11:31.720 which is phenomenal, because we know that in your profession, as we talked 178 00:11:31.799 --> 00:11:35.080 about at the beginning, the income curve is very slow, yes, it 179 00:11:35.080 --> 00:11:39.279 happens very slow. So you' re helping yourself by generating extraordinary revenue. 180 00:11:39.279 --> 00:11:43.840 Tell us a little bit about that venture. I started my venture called Mary 181 00:11:43.919 --> 00:11:48.159 Lautspakery in Pandemia. When we had nothing I taught, I started cooking and 182 00:11:48.200 --> 00:11:52.519 cooking every day. I' m passionate about cooking and well, to earn 183 00:11:52.559 --> 00:11:54.840 an extra trinerito. At the time, I didn' t earn anything. 184 00:11:54.919 --> 00:11:58.720 So that' s what you were studying, studying for years, studying, 185 00:12:00.039 --> 00:12:03.440 and because I did or Lost Bakery I love it. I do it every 186 00:12:03.519 --> 00:12:07.559 time I have more and less time for my profession, but I try to 187 00:12:07.559 --> 00:12:09.840 cook every weekend and so and so that goes. It was like three years 188 00:12:09.840 --> 00:12:13.679 ago, I mean pandemic, it was like three four million years ago, 189 00:12:13.960 --> 00:12:20.440 like other years, and then I' m doing fine that I say with 190 00:12:20.799 --> 00:12:24.720 Mary Laut Bakery Bakery' s small kitchen businesses like I really are for the 191 00:12:24.720 --> 00:12:26.720 season. So, when I was filling out the form, I don' 192 00:12:26.759 --> 00:12:31.320 t have like a monthly income from Vary Lautmakers. It' s hard to 193 00:12:31.600 --> 00:12:35.120 put a number because, for example, at Christmas I do super well at 194 00:12:35.200 --> 00:12:37.399 Valentine' s Day, on Mother' s Day, in that kind of 195 00:12:37.480 --> 00:12:41.480 months, in specifics where there are things that people are going to buy more 196 00:12:41.559 --> 00:12:43.240 sweets, because I' m doing well. But, for example, in 197 00:12:43.279 --> 00:12:46.279 April it' s a dead month, that is, as the one who 198 00:12:46.399 --> 00:12:48.720 says a rto and habichulas with sweet. No, I don' t bug, 199 00:12:48.960 --> 00:12:54.759 non, no, but that yesterday. But that kind of thing isn 200 00:12:54.799 --> 00:12:58.720 ' t then how it' s very variable. What he meant by the 201 00:13:00.279 --> 00:13:05.039 entry of Mary Us Bakkery in general. But the expenses of that same venture 202 00:13:05.120 --> 00:13:07.080 you take it, according to the orders they are coming, that is, 203 00:13:07.200 --> 00:13:09.360 you do not take it from these thirty thousand that it is going to be. 204 00:13:09.519 --> 00:13:13.120 Or no, no, no, I, no, I have that 205 00:13:11.720 --> 00:13:18.279 part of the business and it doesn' t subsist on those exactly. Exactly 206 00:13:18.320 --> 00:13:20.879 I' m trying to arrange the Marilus Bakery part, that everything that' 207 00:13:20.960 --> 00:13:24.919 s coming in from there I put it in a savings account, that' 208 00:13:24.279 --> 00:13:28.799 s not a normal time account. Okay, and that' s where we 209 00:13:28.879 --> 00:13:30.639 have to move him from there. Well, let' s talk about it. 210 00:13:30.799 --> 00:13:35.840 Yeah, yeah, and when I have to buy materials or everything I 211 00:13:35.840 --> 00:13:41.120 do, I try to use it from that same account so I don' 212 00:13:41.440 --> 00:13:43.399 t mix up either Maria Utspecy' s or personal money. I try to 213 00:13:43.440 --> 00:13:48.159 keep that different then those seasons that you say usually come every two or three 214 00:13:48.240 --> 00:13:52.960 months. You pay yourself some salary, some incentive for this job that you 215 00:13:52.960 --> 00:13:56.039 do there or it just stays on the bill and keeps feeding the business. 216 00:13:56.559 --> 00:14:01.360 That stays in the account to save, which is like I use it, 217 00:14:01.559 --> 00:14:03.720 like it says my savings Ok, like it says Mike t Baeckry and what 218 00:14:03.759 --> 00:14:07.559 I believe today, Mirilut Bakrys, and I have to buy something, but 219 00:14:07.559 --> 00:14:11.159 that company money, that as it stays like the company, that exactly from 220 00:14:11.200 --> 00:14:16.159 the company. It' s important to establish a salary, uh, I 221 00:14:16.200 --> 00:14:20.200 mean, maybe not a salary because you tell me that the issue of power 222 00:14:22.000 --> 00:14:26.200 is very variable that, but a dividend an incentive that every time those spikes 223 00:14:26.279 --> 00:14:31.799 arrive you get a share for IT, for Mari Maria Laura, Mary Laust 224 00:14:31.960 --> 00:14:35.799 Bakery is another person, okay like my personal account, I mean, look 225 00:14:35.919 --> 00:14:41.399 at you aha your count is taking a commission from you ok and it' 226 00:14:41.440 --> 00:14:45.600 s already going to depend on if a month you didn' t sell anything, 227 00:14:45.720 --> 00:14:48.240 for example, because it was very loose, because there you don' 228 00:14:48.279 --> 00:14:50.639 t get out of that account, but another month is already getting out according 229 00:14:50.639 --> 00:14:54.120 to what you sold. Ok when eventually, if you have a flow of 230 00:14:54.200 --> 00:14:58.720 money every month, then yes, it is good to have a fixed salary 231 00:14:58.840 --> 00:15:03.960 for the human that will help you to cover one of your essential casts and 232 00:15:05.000 --> 00:15:07.960 you to have there assigned OK. How much is the least I have to 233 00:15:07.000 --> 00:15:11.799 do the month at Mary Lause Bakery. But yes, for now, as 234 00:15:11.919 --> 00:15:16.000 you have those months yet there are not many events, because what you can 235 00:15:16.080 --> 00:15:20.240 do is put a commission according to what you generate that month. OK. 236 00:15:22.360 --> 00:15:26.919 Well, then, since we have essential expenses and secondary expenses here, let 237 00:15:26.919 --> 00:15:30.919 ' s figure out how much of that income you have. We can say 238 00:15:30.960 --> 00:15:33.519 the income here clear, clear or income is the first time you' re 239 00:15:33.559 --> 00:15:37.919 getting regular and your income is 30, 000 pesos, those thirty zero are 240 00:15:37.919 --> 00:15:39.120 net. That' s what' s on your mind. Yes well, 241 00:15:39.679 --> 00:15:45.039 I always recommend that when you go to do this kind of organization, you 242 00:15:45.120 --> 00:15:48.120 have that net income, what falls to your account? Because if we put 243 00:15:48.200 --> 00:15:52.600 in the gross amount that you know that you have to discount it and that 244 00:15:52.759 --> 00:15:58.559 if it stops you that if FP, because it is not so clear to 245 00:15:58.559 --> 00:16:00.919 you, then what we want here is that all the money is clear to 246 00:16:00.919 --> 00:16:04.720 you. Well, then, in your case, you have expenses of ten 247 00:16:04.799 --> 00:16:10.200 thousand five hundred pesos a month that are essential. Here we are including. 248 00:16:11.000 --> 00:16:15.320 I' d say we can split the singing pont for him to have more 249 00:16:15.320 --> 00:16:18.120 organization. Then look what we' re gonna do. Your essential expenses are 250 00:16:18.120 --> 00:16:22.120 only going to be seven thousand pesos, which are the transportation costs that come 251 00:16:22.159 --> 00:16:26.759 in recently. Yeah, so, to figure out how much you' re 252 00:16:26.840 --> 00:16:30.879 spending those income that you have, which is thirty zero in percentage, let 253 00:16:32.000 --> 00:16:37.039 ' s divide seven thousand by thirty thousand This is not give twenty- three 254 00:16:37.039 --> 00:16:40.840 point three percent. That' s what you' re spending on monthly essentials. 255 00:16:41.519 --> 00:16:45.440 Then we go with the secondary expenses, which are nine thousand five hundred 256 00:16:45.440 --> 00:16:48.120 pesos. We divide it back here, right, so you learn to do 257 00:16:48.120 --> 00:16:53.320 it at home anyway. Thirty thousand among nine thousand five hundred pardons nine thousand 258 00:16:53.559 --> 00:16:59.919 five hundred among thirty are thirty thirty thousand. Okay. It gives us thirty 259 00:17:00.360 --> 00:17:07.039 - one point, six percent, two percent ok. And how do we 260 00:17:07.119 --> 00:17:11.160 have a sinking fund, which is what we also want you to inculcate for 261 00:17:11.200 --> 00:17:15.039 that pharmacy expense that comes every two months. And when you have to pay 262 00:17:15.119 --> 00:17:18.079 your insurance, there' s also going to be a sinking fund for that, 263 00:17:18.000 --> 00:17:19.880 to save little by little. What you have to pay for sure every 264 00:17:19.920 --> 00:17:22.920 once in a while. What we' re going to do is we' 265 00:17:22.920 --> 00:17:26.519 re going to assign you, even though you didn' t score right now, 266 00:17:26.519 --> 00:17:27.839 that you have a savings. We' re going to give you a 267 00:17:27.839 --> 00:17:32.359 monthly savings of three thousand five hundred pesos. OK that three thousand five hundred 268 00:17:32.359 --> 00:17:37.200 pesos. We' re going to divide three thousand five hundred by thirty thousand 269 00:17:37.039 --> 00:17:41.240 and give us twelve percent. OK, that' s the liner I have 270 00:17:41.279 --> 00:17:47.559 to scratch every month. I don' t know how you are now I 271 00:17:47.559 --> 00:17:51.119 think that' s how you are now. So now let' s go 272 00:17:51.119 --> 00:17:55.680 to our recommendations. Okay, open the lan calculator We have here. She 273 00:17:55.720 --> 00:17:59.440 ' s spending twenty- three point three more, thirty- two more. 274 00:17:59.720 --> 00:18:03.440 He likes that we' re assigning him the thinking phone. So far we 275 00:18:03.599 --> 00:18:07.400 have those income that you have sixty- seven percent, sixty- seven point 276 00:18:07.480 --> 00:18:11.480 three percent is what you' re spending, so we have a dear surplus 277 00:18:11.519 --> 00:18:21.000 left. We have thirty- two percent left to play with you. It 278 00:18:21.039 --> 00:18:25.000 ' s thirty- two percent. We are very flexible, especially when people 279 00:18:25.480 --> 00:18:29.839 are starting to organize because they don' t have the real numbers. Still, 280 00:18:29.920 --> 00:18:33.279 I mean, you just told me expenses, but I always compare it 281 00:18:33.400 --> 00:18:36.680 to the wedding list. When I made my wedding list, my guest list, 282 00:18:36.799 --> 00:18:41.119 I made a main list, I said since everyone is here. Nobody 283 00:18:41.200 --> 00:18:45.039 ' s missing. The other day, I forgot to sleep Such people raised 284 00:18:45.119 --> 00:18:48.359 her to notice the other person in three days Oh, my God, that 285 00:18:48.400 --> 00:18:52.680 person also spoke to me I mean, I understand that the same thing happens 286 00:18:52.720 --> 00:18:53.680 with the expenses as if you, when you' re going to notice it 287 00:18:53.680 --> 00:18:56.680 for the first time. You may think you have all the expenses covered, 288 00:18:57.279 --> 00:19:00.559 but then you realize it. I forgot to look here I' m paying. 289 00:19:00.640 --> 00:19:04.400 I didn' t notice this. So let' s take this amount 290 00:19:04.519 --> 00:19:08.839 as proof and let' s even assign you a little higher percentages, so 291 00:19:08.880 --> 00:19:14.079 that you have caps on your essential and secondary expenses. Okay, that' 292 00:19:14.119 --> 00:19:17.440 s an exact game. It is very important also the secondary expenses, because 293 00:19:17.440 --> 00:19:21.440 in meals we made an estimate. So, apart from these percentages that we 294 00:19:21.519 --> 00:19:25.839 ' re going to give you, the important thing is that you, too, 295 00:19:26.400 --> 00:19:30.440 make a commitment to record all those expenses, whether it' s in 296 00:19:30.559 --> 00:19:33.880 a notebook, in your cell notes, to use a combination of your cell 297 00:19:33.920 --> 00:19:37.839 notes, the notebook with an excel or also an application. There are several 298 00:19:37.839 --> 00:19:42.279 applications. Now that we' re on the phone for twenty- four sevens, 299 00:19:42.599 --> 00:19:45.480 of course we can take advantage of this technology. Some of the applications 300 00:19:45.519 --> 00:19:51.599 that we recommend are wallet, Monifyte, another one called joining low and simple 301 00:19:51.799 --> 00:19:56.680 low put. Then you can compare between those four which fits you best. 302 00:19:57.200 --> 00:20:00.599 In the case of walled you can even lir karla with some bank accounts. 303 00:20:02.119 --> 00:20:04.160 I' m telling you, so the exact cell phone that' s on 304 00:20:04.200 --> 00:20:10.240 your cell phone that helps you register, but you do commit to woe in 305 00:20:10.240 --> 00:20:11.519 the news of a cell phone. I just spent this on this bill. 306 00:20:11.680 --> 00:20:15.440 You can even throw a picture at him and send it to yourself Whatsapp and 307 00:20:15.559 --> 00:20:19.759 then do the registration on an excel for example, and there your so real 308 00:20:21.079 --> 00:20:25.319 check is the secondary expense numbers, because that' s where we' re 309 00:20:25.440 --> 00:20:27.440 going to see how effective those percentages are. I mean, today we' 310 00:20:27.480 --> 00:20:32.319 re going to make you propose those percentages with that thirty- two percent surplus 311 00:20:32.519 --> 00:20:37.680 that we have going up each of the categories. But your commitment is that 312 00:20:37.079 --> 00:20:41.759 this month you see OK how real those percentages are. I have to make 313 00:20:41.799 --> 00:20:47.359 an adjustment to spend a little less than they said. Essential expenditure, because 314 00:20:47.559 --> 00:20:51.559 that little bit less I can allocate it to savings Ok. Perfect well, 315 00:20:51.640 --> 00:20:55.240 then you have to write down so clear, clear of excellent, you will 316 00:20:55.240 --> 00:21:00.240 notice your key numbers for this new budget that we are conforming with you OK, 317 00:21:00.440 --> 00:21:03.720 of those thirty thousand that you enter. Your top amount of essential expenses 318 00:21:03.839 --> 00:21:07.920 is going to be twenty- five percent ses is going to be the TOPE 319 00:21:07.960 --> 00:21:11.759 percentage or that to be seven thousand five hundred TOPE you can' t get 320 00:21:11.759 --> 00:21:15.440 over there. There we had five hundred pesos, although we had seven thousand 321 00:21:15.519 --> 00:21:18.400 then we went up a little bit, a game OK in the secondary expenses. 322 00:21:18.480 --> 00:21:21.559 Your TOPE percentage is going to be thirty- five percent, which is 323 00:21:21.759 --> 00:21:26.839 ten thousand five hundred pesos of your income OK. And from now on you 324 00:21:26.960 --> 00:21:30.599 ' re going to have nothing more and nothing less than a spectacular forty percent, 325 00:21:30.160 --> 00:21:37.240 which is only seen in gs gs gs gs gs gs gs gs gs 326 00:21:37.240 --> 00:21:41.599 gs gs gs gs gs gs gs gs gs gs gs gs gs gs gs 327 00:21:41.599 --> 00:21:41.599 gs gs gs gs gs gs gs gs gs gs gs gs gs gs gs 328 00:21:41.599 --> 00:21:41.599 gs gs gs gs gs gs gs gs gs gs gs gs gs gs gs 329 00:21:41.599 --> 00:21:41.599 gs gs gs gs gs gs gs gs gs gs gs gs gs gs gs 330 00:21:41.599 --> 00:21:41.599 gs gs gs gs gs gs gs gs gs gs gs gs gs gs gs 331 00:21:41.599 --> 00:21:41.599 gs gs gs gs gs gs gs gs gs gs gs gs gs gs gs 332 00:21:41.599 --> 00:21:41.599 gs gs gs gs gs gs gs gs gs gs gs gs gs gs gs 333 00:21:41.599 --> 00:21:41.599 gs gs gs gs gs gs gs gs gs gs gs gs gs gs gs 334 00:21:41.599 --> 00:21:41.599 gs gs gs gs gs gs gs gs gs gs gs gs gs gs gs 335 00:21:41.599 --> 00:21:41.599 gs gs gs gs gs gs gs gs gs gs gs gs gs gs gs 336 00:21:41.599 --> 00:21:41.599 gs gs gs gs gs gs gs gs gs gs gs gs gs gs gs 337 00:21:41.599 --> 00:21:41.599 gs gs gs gs gs gs gs gs gs gs gs gs gs gs gs 338 00:21:41.599 --> 00:21:41.599 gs gs gs gs gs gs gs gs gs gs gs gs gs gs gs 339 00:21:41.599 --> 00:21:41.599 gs gs gs gs gs gs gs gs gs gs gs gs gs gs gs 340 00:21:41.599 --> 00:21:41.599 gs gs gs gs gs gs gs gs gs gs gs gs gs gs gs 341 00:21:41.599 --> 00:21:42.359 gs gs gs gs gs gs gs gs Not and not all those in the 342 00:21:42.400 --> 00:21:48.240 calden years who started getting their first salary. It' s an opportunity to 343 00:21:48.279 --> 00:21:53.200 take advantage of these surpluses that you don' t have so many responsibilities and 344 00:21:53.799 --> 00:22:00.839 take advantage of that forty percent because believe us that when home responsibilities come, 345 00:22:00.920 --> 00:22:04.599 children of loan that' s that, hopefully, we' re putting that 346 00:22:04.680 --> 00:22:08.519 you have to do magic, go make many adjustments that we decided to use 347 00:22:08.559 --> 00:22:15.160 good credit cakes, that we' re going to talk about that now to 348 00:22:15.279 --> 00:22:18.960 create more savings and little by little increase that saving potential, because that forty 349 00:22:18.960 --> 00:22:21.559 percent is only seen. I think that in Golden RS, if that forty 350 00:22:21.599 --> 00:22:25.279 percent in your house, it' s twelve thousand pesos that is your savings 351 00:22:25.279 --> 00:22:30.400 potential, it' s a pretty good number for your income and we' 352 00:22:30.440 --> 00:22:33.559 re not talking about the extraordinary income that you' re going to have for 353 00:22:33.559 --> 00:22:38.839 your venture. Then those 12, 000 are going to be the springboard for 354 00:22:38.880 --> 00:22:42.160 all the goals you want to achieve. That' s your goal- achieving 355 00:22:42.240 --> 00:22:45.440 potential. What are the goals you' re going to develop? Well, 356 00:22:47.119 --> 00:22:49.880 it really depends. We' re going to assign you a main goal, 357 00:22:51.000 --> 00:22:52.759 which is the one from the emergency fund. OK is a little money that 358 00:22:52.839 --> 00:22:56.559 you are going to accumulate, that will cover you in unexpected situations, that 359 00:22:56.680 --> 00:23:02.079 you stop receiving income by x or by already some disease happens something with your 360 00:23:02.119 --> 00:23:04.920 vehicle that you already have to pay for. Right. So, for that 361 00:23:04.960 --> 00:23:08.240 you' re going to use that emergency fund and how that emergency fund is 362 00:23:08.240 --> 00:23:11.920 calculated. You' re gonna take what you take. The expense that you 363 00:23:12.000 --> 00:23:17.359 have essential right now, which is that fuel transport that we are seven thousand 364 00:23:17.440 --> 00:23:22.720 pesos. You take that amount and multiply it by three and then by six, 365 00:23:22.759 --> 00:23:26.119 and that gives you the range of three to six months for your having 366 00:23:26.200 --> 00:23:30.960 your emergency fund. In your case they are from twenty- one zero to 367 00:23:30.000 --> 00:23:33.559 forty- two thousand pesos. This is not a goal that is reached overnight. 368 00:23:33.440 --> 00:23:37.799 The emergency fund is a time- consuming goal, which can take you 369 00:23:37.960 --> 00:23:41.680 up to two years to reach it and nothing happens. But the important thing 370 00:23:41.039 --> 00:23:45.119 is little by little to build it, because it is that fund that will 371 00:23:45.160 --> 00:23:49.160 give you peace when an eventuality arrives that no one is exempt to what happens. 372 00:23:49.720 --> 00:23:52.920 Okay, so that' s how the man says for an emergency, 373 00:23:53.000 --> 00:23:59.279 so I don' t cough it up in exact situations that the Juan Luis 374 00:23:59.319 --> 00:24:03.240 concert came from Juanes and a friend called you that you want to go that 375 00:24:03.319 --> 00:24:07.000 a movie for the emergency fund You understand you have that money from this box 376 00:24:07.119 --> 00:24:10.519 office and that there' s an eventuality. He came in unexpectedly. No, 377 00:24:10.599 --> 00:24:14.480 that concert doesn' t apply to that. That' s why we 378 00:24:14.519 --> 00:24:18.319 need to know very well what an emergency is and what' s not an 379 00:24:18.480 --> 00:24:21.480 emergency for when if we can touch it, okay? The ideal range of 380 00:24:21.480 --> 00:24:25.200 emergency fund is also annotate it is between twenty- one thousand and forty- 381 00:24:25.640 --> 00:24:27.480 two thousand pesos. That' s going to be placed in a liquid product. 382 00:24:27.680 --> 00:24:33.599 Liquid means you can access your money. It' s fast on a 383 00:24:33.599 --> 00:24:36.000 working day, but not on a horrifying account. Not in a savings account. 384 00:24:36.480 --> 00:24:40.279 I mean, a savings account. It' s the most basic option, 385 00:24:40.519 --> 00:24:42.039 it' s an option, but we don' t lean towards that 386 00:24:42.039 --> 00:24:45.519 option. Sure, we lean on an account, but high- performance that 387 00:24:45.640 --> 00:24:51.599 generates interest. You can' t give yourself up to seven and up to 388 00:24:51.680 --> 00:24:55.079 fourteen times more than what generates a normal account. Then you will be placed 389 00:24:55.119 --> 00:24:56.519 a performance account, or you will be placed on a liquid immersion bottom, 390 00:24:56.960 --> 00:25:00.519 on an OK affi. You' re going to open the two products. 391 00:25:00.599 --> 00:25:04.240 The two products, both the liquid investment fund and the return account, are 392 00:25:04.240 --> 00:25:10.079 the two investments that we say everyone has to have. The liquid investment fund 393 00:25:10.119 --> 00:25:12.359 is in an investment fund manager, so you' re not going to a 394 00:25:12.440 --> 00:25:18.160 bank to open an investment fund. It also allows you to make recurring contributions 395 00:25:18.160 --> 00:25:22.680 monthly. You can contribute as many times as you want. Profitability is variable, 396 00:25:22.279 --> 00:25:26.599 because that fund does invest it in different instruments, in financial certificate, 397 00:25:27.000 --> 00:25:32.480 in high- performance savings account, which have different rates, and the high 398 00:25:33.000 --> 00:25:36.559 - performance savings account does have a fixed rate, that is, those are 399 00:25:37.000 --> 00:25:41.079 the main differences. One has a variable rate, a fixed rate, but 400 00:25:41.119 --> 00:25:45.119 in the high- performance savings account you can also schedule recurring savings. So 401 00:25:45.160 --> 00:25:51.000 that open potential that you have even you can automatically get that off your nominal 402 00:25:51.039 --> 00:25:56.400 account and so on. Automatically, you don' t have to be thinking 403 00:25:56.440 --> 00:25:57.480 about the thing that I have to get him out. No, no, 404 00:25:59.200 --> 00:26:00.200 no, no, no, no, no, no, no, no, 405 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, 406 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, no, 407 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, 408 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, no, 409 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, 410 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, no, 411 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, 412 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, no, 413 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, 414 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, no, 415 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, 416 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, no, 417 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, 418 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, no, 419 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, 420 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, no, 421 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, 422 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, no, 423 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, 424 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, no, 425 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, 426 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, no, 427 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, 428 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, no, 429 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, 430 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, no, 431 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, 432 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, no, 433 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, 434 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, no, 435 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, 436 00:26:00.200 --> 00:26:00.200 no, no, no, no, no, no, no, no, 437 00:26:00.200 --> 00:26:02.720 no, no, no, no, no OK And that' s 438 00:26:02.799 --> 00:26:06.359 your different entity, that' s two different places. Yes, the high 439 00:26:06.440 --> 00:26:10.079 - performance account opens the banks, the liquid immersion fund opens in the minutes 440 00:26:10.160 --> 00:26:12.400 and we, behind the cameras, are going to pass you over and we 441 00:26:12.519 --> 00:26:21.200 ' re going to direct you the next questions you need to be able to 442 00:26:21.240 --> 00:26:26.200 document those investments and open that nejita account is your card, that business letter 443 00:26:26.279 --> 00:26:30.519 is fresh and you also need the movement of your bank account for the last 444 00:26:30.599 --> 00:26:33.680 three months that you can generate through your bank platform. Yeah, yeah, 445 00:26:33.799 --> 00:26:37.160 perfect Okay, yeah, you' re gonna invest a little money that comes 446 00:26:37.160 --> 00:26:41.640 from your bakery. You can document it in a slightly different way, that 447 00:26:41.319 --> 00:26:45.440 is, for example, with whatsapp conversations that you give to customers by sending 448 00:26:45.480 --> 00:26:51.319 them the bill and so ok ok and the Bakru still recommend that I put 449 00:26:51.319 --> 00:26:53.799 it in a part, that is, in a stop or liquid account. 450 00:26:56.960 --> 00:27:00.559 Apart from the bakery, we recommend a fondame a liquid, because there are 451 00:27:00.640 --> 00:27:06.000 no accounts attractive performance for companies. Still, okay, so, just like 452 00:27:06.119 --> 00:27:08.039 you open the personal account, because you' re going to open an account 453 00:27:08.119 --> 00:27:11.839 in a fi for a liquid fund, but for the company, the company 454 00:27:11.839 --> 00:27:15.519 is set up. No, well, it would be in your name for 455 00:27:15.640 --> 00:27:19.440 the moment, okay, but try to say look. It' s two 456 00:27:19.559 --> 00:27:25.160 separate funds that I want, so in one fund you can have two and 457 00:27:25.319 --> 00:27:29.319 even more unlimited, or that I can have the accounts that you want in 458 00:27:29.400 --> 00:27:32.599 the same fund and even the one that ends zero one is going to be 459 00:27:32.680 --> 00:27:34.319 Baker' s and the one that ends zero one hundred two is going to 460 00:27:34.359 --> 00:27:38.960 be your staff of the perfect Emergency Fund ok ok. I understood excellent. 461 00:27:40.079 --> 00:27:42.759 You can have it now. The main difference in rates is that that regular 462 00:27:44.039 --> 00:27:45.720 open account you have, what can most generate you is one percent annually. 463 00:27:48.599 --> 00:27:52.880 These high- performance savings accounts can generate you from four percent to seven percent 464 00:27:52.000 --> 00:27:59.359 and liquid investment funds also from five point five to eight percent. Now they 465 00:27:59.400 --> 00:28:02.480 ' re like up to the new percent a year and I can get the 466 00:28:02.480 --> 00:28:03.599 money out with that' s when they go scares. You need it, 467 00:28:04.079 --> 00:28:07.319 what you have to keep in account, that you have to send an email 468 00:28:07.440 --> 00:28:11.960 and that, for example, AFIs have some schedules, like they can request 469 00:28:11.240 --> 00:28:15.640 withdrawals until eleven in the morning or until three in the afternoon. You can 470 00:28:15.720 --> 00:28:19.799 talk to them about that. When you become a customer, look what time 471 00:28:19.920 --> 00:28:22.559 I have to withdraw the money. And let it get to me the next 472 00:28:22.680 --> 00:28:26.440 day and it gets to your account that you checked in. Okay, so 473 00:28:26.480 --> 00:28:30.400 tedes will recommend to me that it' s the money you put here is 474 00:28:30.400 --> 00:28:33.319 my savings money, which we already constituted that we already talked about saving this 475 00:28:33.319 --> 00:28:36.000 and not that money. You' re gonna put the money in for your 476 00:28:36.039 --> 00:28:38.960 emergency fund. A ok that investment, ok ok tons your emergency fund. 477 00:28:40.559 --> 00:28:44.799 We already said the rank and we already said that you can take twelve thousand 478 00:28:44.880 --> 00:28:47.079 pesos a month two from you. We can make you evaluate what goals you 479 00:28:47.160 --> 00:28:49.920 have, you have some other goal that comes, that comes soon travel, 480 00:28:51.119 --> 00:28:56.119 travel, either everyone how weird excellent, because as your second goal is travel, 481 00:28:56.599 --> 00:29:00.400 we will divide those twelve thousand pesos in two so that you have the 482 00:29:00.519 --> 00:29:06.519 savings of your emergency fund growing invested and you have the savings of your trips 483 00:29:06.640 --> 00:29:11.519 also growing invested OK Super So that makes you a thousand How about we get 484 00:29:11.680 --> 00:29:15.720 six thousand for the monthly emergency fund and six fifty percent and fifty for your 485 00:29:15.839 --> 00:29:19.839 viewing and six thousand for your trip goal ok super ok. Already in four 486 00:29:21.039 --> 00:29:23.480 months you' re going to have the range of three more, the range 487 00:29:23.559 --> 00:29:26.720 of three months of your emergency fund OK and more that' s going to 488 00:29:26.799 --> 00:29:30.279 generate you every month. I mean, he thinks it takes a lot of 489 00:29:30.839 --> 00:29:33.839 people years to reach him. If you have this six thousand pesos plan every 490 00:29:33.160 --> 00:29:37.240 month for my emergency fund. In four months, you' re going to 491 00:29:37.359 --> 00:29:41.599 have more than three months and already when you reach the six months range, 492 00:29:41.960 --> 00:29:45.319 because that six thousand you can add to another mint OK super I love ok. 493 00:29:47.000 --> 00:29:49.799 Then we have to decide now. Now where we' re going to 494 00:29:49.839 --> 00:29:55.400 put those extra six thousand for the travel goal when you have, when you 495 00:29:55.480 --> 00:29:56.880 ' re going to travel an estimated date. Or not. No, no, 496 00:29:57.119 --> 00:30:00.039 no, not really obvious. It' s not right. Yes or 497 00:30:00.240 --> 00:30:04.119 sixty days and then spend it with each other, maybe sixty days. The 498 00:30:04.240 --> 00:30:08.519 minimum has to accumulate first exactly. Yeah, there' s a 60- 499 00:30:08.680 --> 00:30:12.119 day fund that we love, that' s available in the country, but 500 00:30:12.200 --> 00:30:15.039 the minimum amount is six zero if we want to you it' s six. 501 00:30:15.200 --> 00:30:19.279 They' re me understand what I already understood aha then as they are 502 00:30:19.400 --> 00:30:22.240 twenty zero and what we' re going to be saving is six thousand monthly. 503 00:30:22.480 --> 00:30:23.720 You still can' t on the first investment, but you' re 504 00:30:23.720 --> 00:30:30.799 going to be able to eventually no less. Yeah, okay, so that 505 00:30:30.880 --> 00:30:36.000 fund knows it you can open your account to have the list as an opportunity 506 00:30:36.039 --> 00:30:38.039 for when you already have twenty you move it to I Ok. But that 507 00:30:38.119 --> 00:30:41.759 fund is like time. I explained to you about the liquid bottom, but 508 00:30:41.920 --> 00:30:45.720 here, as his last name indicates sixty days, every sixty days, you 509 00:30:45.799 --> 00:30:48.400 can take your money without penalty from that focus. OK. And profitability is 510 00:30:48.640 --> 00:30:52.160 variable, but in the last year, with very little volatility, very little 511 00:30:52.240 --> 00:30:56.839 variation, it has had a profitability above the eleven wow super. Yes, 512 00:30:56.519 --> 00:31:00.119 very good products. You know that product. We' ll pass you the 513 00:31:00.240 --> 00:31:03.839 contact so you can open the OK account and in the intering we' ll 514 00:31:03.960 --> 00:31:07.640 be placing those six thousand pesos of savings for your travel goal in a 90 515 00:31:07.640 --> 00:31:11.720 - day fund. OK to ninety days is the same in the same theory 516 00:31:11.799 --> 00:31:15.400 of the fund, but every ninety days you can take out your money without 517 00:31:15.400 --> 00:31:18.880 penalty. Then there you' re going to accumulate monthly every two months or 518 00:31:18.960 --> 00:31:23.000 every three months. If you receive the extra income of your venture, you 519 00:31:23.079 --> 00:31:26.200 take it out and you can put it there for your travel goal too, 520 00:31:26.359 --> 00:31:30.920 ok that you grow everything together that you have to keep in mind that at 521 00:31:30.960 --> 00:31:34.279 ninety days, you can or already when I have twenty thousand. You have 522 00:31:34.359 --> 00:31:38.559 to take into account the 90- day penalty- free date to planet it 523 00:31:38.680 --> 00:31:41.720 then sixty- ten. Sure, then, as long as you spend the 524 00:31:41.759 --> 00:31:47.000 sixty days, you can leave it there for years, that is, until 525 00:31:47.039 --> 00:31:49.920 the trip arrives and when I get it exactly that gives you the flexibility to 526 00:31:49.960 --> 00:31:52.279 take it out every sixty days. But I mean, you can' t 527 00:31:52.400 --> 00:31:56.000 leave it exactly. OK and you don' t have it automatically, that 528 00:31:56.200 --> 00:31:59.160 ' s reinverted, although that' s what you want to remove, is 529 00:31:59.160 --> 00:32:00.880 that you notify. But if you don' t notice anything, they assume 530 00:32:00.920 --> 00:32:05.640 you want to leave it there for a long time. Okay, exact number. 531 00:32:05.680 --> 00:32:08.400 So far it' s all clear, yes, everything, how I 532 00:32:08.559 --> 00:32:12.359 feel or want to raba, well, look. We have a few little 533 00:32:12.519 --> 00:32:16.519 minutes here and these little minutes already you have a lot of work to do 534 00:32:16.599 --> 00:32:19.319 and a radical change in your financial landscape. Sure, I mean, this 535 00:32:19.319 --> 00:32:22.839 is gonna be a before and after. I promise you what a thrill it 536 00:32:22.920 --> 00:32:25.599 is to talk about credit cards. Who or who I have a OK credit 537 00:32:25.680 --> 00:32:30.359 card can feel, whether it' s a bank or not, yes, 538 00:32:30.920 --> 00:32:34.559 yes, yes, yes, a basic card, for example, yes from 539 00:32:34.640 --> 00:32:36.559 the People' s Bank. Don' t bring jobs OK, but it 540 00:32:36.640 --> 00:32:39.799 won' t benefit you. The great goal is called ah ok i mean, 541 00:32:39.839 --> 00:32:43.119 I had the orbit changed it for the great ah yeah yeah yeah, 542 00:32:43.319 --> 00:32:45.119 I was changed today it' s not called great and i mean it has 543 00:32:45.160 --> 00:32:52.119 one in restaurant like they give you back like a small see percentages. But 544 00:32:52.240 --> 00:32:54.640 well, I mean, I didn' t have it, it does have 545 00:32:54.680 --> 00:33:00.720 benefits, it has benefits, and it' s a card that' s 546 00:33:00.839 --> 00:33:02.119 really short your age and according to your castes. Now, you told us 547 00:33:02.160 --> 00:33:06.240 that one of your main goals is travel. Yes, that is to say, 548 00:33:07.079 --> 00:33:09.839 we can also evaluate a credit card focused also on travel so that you 549 00:33:09.920 --> 00:33:15.960 manage with those two cards, obviously, knowing true the limits that you have 550 00:33:15.960 --> 00:33:19.640 to pay those cards always on their pay date, of course the balance, 551 00:33:20.119 --> 00:33:22.319 the cut, of course ok if it is not an extremely expensive product, 552 00:33:23.200 --> 00:33:28.839 you are paying time for it your startup yes, always say OK perfect tenembre. 553 00:33:28.960 --> 00:33:30.440 All right, because that' s also going to help you create a 554 00:33:30.519 --> 00:33:35.319 credit score and that opening another credit card also helps you, i e, 555 00:33:35.599 --> 00:33:38.319 maybe at a temporary time at the beginning it goes down a little bit. 556 00:33:38.400 --> 00:33:43.079 The point is credit. But already as you' re raising your credit limit 557 00:33:43.160 --> 00:33:46.920 in the long run, that' s going to help you keep raising that 558 00:33:47.039 --> 00:33:51.880 score that you' re eventually going to need for when you want to borrow, 559 00:33:52.000 --> 00:33:53.720 for a home, for a vehicle, to open a consultant, for 560 00:33:53.720 --> 00:33:59.519 example. You know that it' s very important to also aim to build 561 00:33:59.599 --> 00:34:00.920 a good credit score. Of course, I mean, one of the travel 562 00:34:01.039 --> 00:34:07.640 credit cards is that we can evaluate with you is the American Airlines of survey 563 00:34:07.799 --> 00:34:13.199 In the advantage that gives very good benefits on American Airlines, that is, 564 00:34:13.280 --> 00:34:17.239 you are consuming miles and in advance you are consuming those points that help you 565 00:34:17.239 --> 00:34:22.840 buy tickets. Sure, that' s a very good card, just like 566 00:34:22.880 --> 00:34:24.760 the Popular Jet Blue. You can compare the two Ok. It' s 567 00:34:24.760 --> 00:34:30.599 already going to depend on where you' re traveling the most, that' 568 00:34:30.679 --> 00:34:34.639 s if you see more on American Airlines Anjet Blue, American Airlines has allies, 569 00:34:34.760 --> 00:34:36.920 has many allied airlines, a little more diverse. Exactly OK, we 570 00:34:36.960 --> 00:34:39.880 need to see how you just got income, because you probably don' t 571 00:34:39.920 --> 00:34:44.920 get it in the first month but are going to be asked to contact in 572 00:34:44.920 --> 00:34:47.679 three months, as long as you have a three- month history working OK 573 00:34:47.719 --> 00:34:50.679 so you don' t despair in that sense. Not clear, little by 574 00:34:50.760 --> 00:34:54.440 little, of course and well they made the now because we have reached almost 575 00:34:54.440 --> 00:35:00.519 the end. Tell us your doubts that Ok you' re talking about dollars. 576 00:35:01.239 --> 00:35:06.320 I' ve got some dollars to give me gifts Look, I always 577 00:35:06.320 --> 00:35:08.559 try to horrify it in my gabet. Nothing to do or what happens. 578 00:35:08.880 --> 00:35:13.480 I understood if I' m wrong that for you, like saving in a 579 00:35:13.559 --> 00:35:15.280 hobby or a stock market, you have to have the origin of the money 580 00:35:15.360 --> 00:35:21.119 and document them. And because he had an account in dollars. And to 581 00:35:21.719 --> 00:35:22.960 have a dollar account, you have to have a minimum of$ 500. 582 00:35:23.559 --> 00:35:25.719 It doesn' t depend, that' s to say, on how sorry 583 00:35:25.719 --> 00:35:28.679 you are. I' m saying dollars. Oh, you knew that. 584 00:35:29.159 --> 00:35:31.159 That' s what I was going to ask, because, like, well, 585 00:35:31.480 --> 00:35:35.880 I also want to open a savings account because I have to do it 586 00:35:36.000 --> 00:35:38.960 to put my money in a stock market position, in an afi but I 587 00:35:39.440 --> 00:35:42.960 don' t have the five hundred dollars that have to stay there, because 588 00:35:43.199 --> 00:35:45.840 that' s the least you have to give then, like you don' 589 00:35:45.280 --> 00:35:50.679 t give me And that' s why there are some that have minimums of 590 00:35:50.800 --> 00:35:54.320 a hundred dollars and three hundred dollars in my head, that is, it 591 00:35:54.320 --> 00:35:58.159 ' s less than five hundred, but yes, to open up an investment 592 00:35:58.880 --> 00:35:59.320 fund manager a stock exchange position, they' re going to ask you for 593 00:35:59.320 --> 00:36:00.800 the origin of the fund. This ok that money. Who gave it to 594 00:36:00.800 --> 00:36:05.960 you. My grandfather, my aunt ok was Christmas I' m always cool. 595 00:36:07.400 --> 00:36:09.360 Anything or not. This can be negotiated, i e not. It 596 00:36:09.480 --> 00:36:12.559 ' s not like you can' t invest money. If you can invest 597 00:36:12.679 --> 00:36:15.079 it, but you have to negotiate it with the entity. It may be 598 00:36:15.119 --> 00:36:19.760 that they ask you for a letter made by you to indicate look at on 599 00:36:19.840 --> 00:36:25.079 such a date my grandfather, such a card, as he gave me so 600 00:36:25.199 --> 00:36:30.920 much he elaborated in such an accurate story of how you received that money and 601 00:36:30.920 --> 00:36:32.840 you can give up the evidence of income, either from your grandfather, your 602 00:36:32.920 --> 00:36:37.039 aunt or a work letter from them and so the process is made easier. 603 00:36:37.320 --> 00:36:40.280 Okay, there are some institutions more stringent than others, but there are some 604 00:36:40.400 --> 00:36:45.159 flexible ones that help you with the process of how to handle it, so 605 00:36:45.159 --> 00:36:50.079 out of a direct count and that also still recommend me to put it the 606 00:36:50.199 --> 00:36:53.920 same on a liquid bottom or look. There are liquid funds in dollars. 607 00:36:54.119 --> 00:36:58.960 That asks me that I' m dollars. Yeah, and there' s 608 00:36:59.079 --> 00:37:04.639 also 30 days. These funds generate a return of approximately two percent to four 609 00:37:04.760 --> 00:37:07.079 percent annually, because remember that it is also the same theory, which is 610 00:37:07.119 --> 00:37:13.119 variable profitability. But if they give you the flexibility that every twenty- four 611 00:37:13.239 --> 00:37:15.519 hours on favorable days or every thirty days you can access your money. Or 612 00:37:15.599 --> 00:37:22.559 that super I love excellent, because you just changed all the financial perception, 613 00:37:23.400 --> 00:37:29.199 all those doubts already I think are a little bit more definitely advanced and it 614 00:37:29.679 --> 00:37:32.679 is a very positive step, because we know that you just received income, 615 00:37:34.000 --> 00:37:37.079 that is, that you are in the moment. I don' t think 616 00:37:37.159 --> 00:37:40.519 anyone' s been as perfect a moment as you are. Well tidal hour, 617 00:37:40.639 --> 00:37:44.639 well thank you a thousand for coming here to tell us your financial doubt. 618 00:37:45.280 --> 00:37:49.400 Then you tell us, like everyone else, to be clear that it 619 00:37:49.519 --> 00:37:53.559 is how you go and I hope you come back here already with different testimonies 620 00:37:53.559 --> 00:37:55.400 of what you look at. I have so much investment. My emergency fund 621 00:37:55.440 --> 00:38:00.519 is six months away. I went on a trip, look at me Mexico 622 00:38:00.760 --> 00:38:04.320 and bring the stories. He' s got the pictures and those trips, 623 00:38:04.679 --> 00:38:07.320 because you really have a lot of potential. You can see that you are 624 00:38:07.320 --> 00:38:10.440 already organized and, above all, you are hungry to want to organize yourself, 625 00:38:10.920 --> 00:38:13.360 to want to invest, to want to know about the products. I 626 00:38:13.400 --> 00:38:15.599 mean, you, I' m not just going to invest you, you 627 00:38:15.679 --> 00:38:19.719 ' re not like you have the interest, you know you and two instruments. 628 00:38:19.800 --> 00:38:22.840 It will always help you in the long run when you get an additional 629 00:38:22.920 --> 00:38:25.360 income, because you already know that there is a fund manager of your investment 630 00:38:25.400 --> 00:38:29.199 where you can already put your money, a savings account, high performance and 631 00:38:29.280 --> 00:38:31.719 so, from now on, all savings will no longer be in the tab 632 00:38:31.800 --> 00:38:36.559 or the account of another regular, but you have to start to generate. 633 00:38:37.440 --> 00:38:44.639 So we wish you so much success and send us those photos of those trips, 634 00:38:45.119 --> 00:38:47.960 because from an emergency fund it has already created, because you know that 635 00:38:49.039 --> 00:38:52.039 you will create it soon and nothing we wish you all the best. Thank 636 00:38:52.039 --> 00:38:55.320 you, you have a real chance that I' m super happy, very 637 00:38:55.320 --> 00:39:01.519 excited. Thank you for everything, excellent, and thank you so much for 638 00:39:01.639 --> 00:39:06.199 tuning us in. Don' t just take this episode, but share it 639 00:39:06.239 --> 00:39:10.880 with all those doctors and entrepreneurs, because María Laura is also an entrepreneur so 640 00:39:10.920 --> 00:39:15.039 that they can get started, organize and, above all, invest all your 641 00:39:15.159 --> 00:39:19.519 savings. So I' ll see you in the next episode Bye.