# EP 46 - CMF: ¿Qué hacer con tu primer sueldo?

An episode of [Economics Data Podcast](https://invisiblenetwork.ai/podcast/1690287258), 17 Apr 2024, 39 min.

Audio: https://dts.podtrac.com/redirect.mp3/api.spreaker.com/download/episode/59495836/ecd_marialaus.mp3

Hoy trabajamos una Consulta Médica Financiera con María Laura, quien es doctora y a la vez emprendedora y recientemente recibió su primer sueldo y no lo había tocado porque quería organizarse e invertir. Organizamos su presupuesto y determinamos la distribución de ese nuevo ingreso y dónde va a colocar sus ahorros y claro convertirlos en inversión 🤑🤑🤑 Si quieres seguir aprendiendo de finanzas “con cucharitas” síguenos Instagram: https://www.instagram.com/economicsdata?igsh=MTlvbWh6dGpuNXNoNQ%3D%3D&utm_source=qr Youtube: https://youtube.com/@economicsdata257?si=9fyEt_UkKlF4iZbZ TikTok: https://www.tiktok.com/@economicsdata?_t=8jr1dO433ZN&_r=1

## Transcript

[0:02] Welcome to Economics Tata Your Finance Podcast Here we will talk light and sincerely about
[0:09] money where together we will turn the hard into easy and clear we will take
[0:16] our finances to another level. From now on, your numbers will be as
[0:20] if you' ve never committed errols for a lecturing past, a healthy present,
[0:25] a promising future, and a grateful pocket. That' s why we
[0:30] ' re following us on Instagram, Facebook, tiktok, linking and Twitter.
[0:32] Arroba Economics silver hello welcome to a new episode more Economics Tata your Podcast Finance.
[0:38] I am Kimberley and already Labra and today we have here live a financial
[0:42] medical consultation, and how curious that today we have a general doctor here on
[0:48] podcast totally and I feel that also, apart from being a general doctor,
[0:54] it is at a stage that I would have loved to have a financial medical
[0:59] appointment at that mons moment to start my first salary. I aim to get
[1:04] organized and not wait for the mess to be done, but start as if
[1:10] that first salary in an organized way. Yes, I confess to you the
[1:12] time that I loved to do counseling for doctors We have also given workshops recently
[1:22] aimed at dermatologists. The other day I was also more in a hospital.
[1:26] I remember a group also from different areas of doctors too and I say it
[1:30] ' s as curious as they say wow is that I never have the time
[1:36] to learn from this, because my career is so demanding, of course and
[1:41] you' re right, but I still advocate that they can include, even
[1:45] if it' s a total matter of finance, in the pinson. I
[1:47] say yes, because it is very important, more in the fact that it
[1:49] is a career than at the beginning, first there is a lot of sacrifice
[1:53] of time, of effort, of studies, but in turn, at the
[1:57] beginning of the career it is not that they receive such a large salary of
[2:01] s pspent when they grow, they begin to receive many plujos of money and
[2:06] arrive at that moment without knowing anything of finance, without organizing. So I
[2:07] say that you have to learn to organize with whatever you have, that is,
[2:12] from the beginning, even if you consider that right now is not much,
[2:15] because eventually, when that saving potential arrives, you will receive more income,
[2:20] because you will already be prepared, you will have the base, you
[2:22] will already have savings created, and that gives a good sign for you to
[2:25] reach those dreams that you have. Yeah, I say that' s also
[2:29] an analogy to what we say that when you' re going to get an
[2:32] extraordinary income, a juicy grounde money, you have to know before you come
[2:37] read what to do with it, because it' s that yes no.
[2:39] The excitement of the moment makes you go away and then you wonder what I
[2:43] spent it on and here I leave it on the air for listeners what they
[2:47] think about spending a salary envelope last year. If you did not follow us,
[2:52] perhaps you will no longer remember and those who did not script because surely
[2:54] you have already diversified it in one part, in another goal to see for
[3:00] the emergency fund another part, to spend it, because it is by greening
[3:04] it now. Also that, apart from the double salary that was already a
[3:07] few months ago, this month many people receive a bonus, also yes yes
[3:14] in the Dominican Republic, the country of speak to me year, but less
[3:19] it touches me incredibly, so please enjoy it and take advantage of it for
[3:23] me. If you' re seeing a lot of plugs on the street,
[3:27] it' s because it' s April. Or April is the similarity of
[3:30] December here our country. Yes, yes, well, then we welcome Maria
[3:34] Laura Hello. Maria Laura Hello, how a pleasure, Maria Laura, thank
[3:39] you for accepting the invitation here to share with us that financial doubt you have.
[3:46] I' m really excited about this counseling because first of all, we
[3:50] already said you' re a general practitioner. I mean, you just graduated,
[3:53] right, a year ago, yeah, more or less, okay,
[3:55] just graduated, how old you are twenty- four. Well, I'
[4:00] m super excited to be here. Thank you for the opportunity. I'
[4:02] m his fan to learn from everything. Recently they paid me my first salary
[4:09] and I really play as a child of au in the yes one. I
[4:13] remember that I mean, I put the bux and like Maria Lagro was the
[4:15] second one that answered and I talked to her and it was like the minute
[4:20] she already responded to me. I do, yes, yes, yes,
[4:23] as I love to come yes, very excited, really yes and tell us
[4:28] that experience of that first salary when you received it is not completely spent.
[4:34] You' re on a budget. Tell us a little bit before I start
[4:39] your to spinocer ok then my first sun gave it to me at the end
[4:43] of March, OK, so just a little day, eleven days, true,
[4:46] because a little day then what I said that as I knew I was
[4:48] coming where you guys, because I haven' t spent it, I haven
[4:51] ' t touched it, but I do have doubts and so on. I
[4:54] want to get organized. I really started following you guys and that' s
[4:56] something I want to do, I mean, I want to organize. My
[4:59] finances do their best, even if it' s little for me salary is
[5:02] not so much, it' s 30, 000 pesos. But if I
[5:04] want to organize myself, I' m a maintained watch, don' t
[5:13] sweeten ears program like you Single the Hearts. Yeah, thanks to my parents
[5:15] for that maintenance, but that doesn' t last a lifetime. No,
[5:20] and as they gave me my first floor now, there are some things I
[5:24] ' m going to have to pay for that I wasn' t considering before.
[5:27] So I' m in this new stage of that process and I want
[5:30] to get organized well, your main discomfort is financial organization. That' s
[5:34] the first thing you want to attack exactly. Excellently you' re taking a
[5:39] budget right now or not, that is, of those expenses that come that
[5:43] you say that maybe you' re going to have those responsibilities, you already
[5:46] have them identified and the weirdest one, that is, pretty much before I
[5:49] came here I did it I loved mail, but it really wasn' t
[5:53] something I had done, although I know it' s wrong and I should
[5:55] do it, but yes, I kind of made a budget of things that
[5:59] I know I' m going to have to pay for, like, for
[6:01] example, gasoline OK, that I know it' s sport ah I transport
[6:05] that yes, I know that I mean, I have to spend it.
[6:05] And the important thing because I have a car sewn up by my parents.
[6:10] Of course, I don' t really have it, so it' s
[6:14] about seven thousand pesos of gasoline a month, okay. I know that may
[6:15] vary a bit, I imagine, and then something I want to do is
[6:20] I want to allocate that I can spend for luxuries or pleasures that I didn
[6:27] ' t think so much before because it wasn' t me who paid for
[6:29] it. Right, now it' s me that that' s all a
[6:32] little bit more, but good not a little more. It hurts so bad.
[6:35] Oh no, I give you two hundred countries and I' ll tell
[6:38] you the day that I got cut off that credit card that it was an
[6:42] extension and I got cut off that insurance that day. Really, I couldn
[6:46] ' t want you to make it automatic, which is like when I didn
[6:48] ' t have that extension, it was like ah ok ok, but already
[6:54] when they take it away, it' s like you wait. That comes
[6:57] from my money. This account goes so you a little bit more luring it
[7:00] a little bit more. Yeah, it' s different. Yeah, that
[7:02] ' s why they say here what nothing costs us. Let' s do
[7:08] the party amen well, because we' re still with the castos. We
[7:11] have seven thousand a month transport here. Let' s talk about essential expenses
[7:15] now. It is the first thing for you to organize yourself to know what
[7:19] are those expenses that you, yes or yes, need month by month to
[7:24] incur to survive. You still live with your parents, but whatever you want,
[7:27] you tell me you' re going to have to cover up in spending.
[7:28] So these essential expenses are transportation. How did you just mention the communications
[7:32] part, too? If you pay for your Internet, your phone, that
[7:38] plan, I' m not here, or I' m still waiting for
[7:45] us, it' s not medicine, maybe some medicine. Well, yeah,
[7:45] for example, I' m going to mediarmatologist occasionally and those potests that
[7:49] are a clear investment. That' s, for example, that' s
[7:53] right, and that counts every pot as two thousand pounds aha, but it
[7:57] ' s not monthly. So I don' t know how I would do
[8:00] it to organize in that way, because it' s not that I have
[8:03] to crawl a potemesal, but they' re like every two months, okay,
[8:05] every two months you spend like seven thousand, seven thousand and six not
[8:09] on like seven thousand pesos. I' ve got the smell when that date
[8:11] comes. That' s horrible, but necessary. Uh- huh So we
[8:18] have fences here. He sits a thousand every two months. It' s
[8:20] three thousand five hundred a month that you can go for ros rattling. In
[8:24] the United States there is something that calls it Tinking Fund that is like that
[8:26] savings that you go, but rattling tell yourself, pulling aside every month by
[8:31] the time the date of that payment arrives, for example, the insurance of
[8:33] that pharmacy, that comes every two months as you say, because you already
[8:37] have the money, like there is ok ok What more tell me what else
[8:43] you spend that is essential. I think it' s essential that it'
[8:46] s already secondary, for example, to the bidos for secondary delivery. I
[8:50] think it' s essential. More i was essential by the ogram just that,
[8:56] okay, and then we go with the secondary ones. Now with that
[8:58] ca bo we just mentioned the fun bone. Let' s talk about Pedius
[9:05] for delivery. No. I don' t ask much for delivery. No,
[9:07] no, no, no, I think, but I did it or
[9:09] so much. I mean, as I hear you, well, now I
[9:13] ' m gonna have to pay for it. Me. Now you think there
[9:16] ' s food here, oh, now, the food is made. I
[9:20] ' d say not so much for delivery, but yes, for example,
[9:22] I went on stage with my friends. It was food for me out in
[9:24] general. I' d say as well as if I finished the meso a
[9:33] lot I don' t know ok, like it wouldn' t be to
[9:37] have a more real number. You have to think about it how many times
[9:39] you go out a week twice and every time I go out up to a
[9:43] minimum of 1, 500, for example, then yes, I would say
[9:46] once a week, because then in my home, as a doctor, it
[9:48] ' s really hard. I mean, weekends are what I have free days
[9:50] ok that would be like he gave once a week, and it might be
[9:54] that 1, 500 pounds a week, ok two thousand. You can put
[9:58] thirty- five hundred thousand or have a month aha. Yeah, out-
[10:01] of- the- room meals, you got a no, no. No.
[10:03] So much, you fix me at home, ok ah that' s
[10:07] the best impression to learn to get home. Yeah, in houses and more
[10:09] hours, right, yeah, yeah, yeah. No. I have clients
[10:16] like that who spend 10, 000 a month and she tells me that'
[10:20] s the best scenario, but I can spend more. They tell us it
[10:24] ' s an essential expense. Really. You remember we were told in Venezuela.
[10:26] Not that this is an essential expense. I need it and we kind
[10:28] of ah for example, you also did exactly what you did because there they
[10:33] were closed so that' s where we had to smooth out there because everybody
[10:35] learned how to regulate. Yeah, no, I keep reading myself exactly and
[10:37] I feel like fixing you at home also grabs you a lot of time,
[10:43] a lot more in this country than there are topon demos you get up earlier
[10:46] and I sun it totally clear clothes how much you spent that they have nice
[10:52] luxuries. I wouldn' t say so much, I' d say that
[10:54] as maybe if there was something that took like three thousand pesos he could do
[10:56] to me. Or it was as a point to OK subscriptions, pay,
[11:07] Netflix, Spotify. It' s inside maintenance right now, so no.
[11:13] It' s not really no. Okay. So I' m curious,
[11:18] because you tell us in the forms that you completed so many you see going
[11:22] to the financial medical appointment that you also started an enterprise to generate extra income
[11:28] which is phenomenal, because we know that in your profession, as we talked
[11:31] about at the beginning, the income curve is very slow, yes, it
[11:35] happens very slow. So you' re helping yourself by generating extraordinary revenue.
[11:39] Tell us a little bit about that venture. I started my venture called Mary
[11:43] Lautspakery in Pandemia. When we had nothing I taught, I started cooking and
[11:48] cooking every day. I' m passionate about cooking and well, to earn
[11:52] an extra trinerito. At the time, I didn' t earn anything.
[11:54] So that' s what you were studying, studying for years, studying,
[12:00] and because I did or Lost Bakery I love it. I do it every
[12:03] time I have more and less time for my profession, but I try to
[12:07] cook every weekend and so and so that goes. It was like three years
[12:09] ago, I mean pandemic, it was like three four million years ago,
[12:13] like other years, and then I' m doing fine that I say with
[12:20] Mary Laut Bakery Bakery' s small kitchen businesses like I really are for the
[12:24] season. So, when I was filling out the form, I don'
[12:26] t have like a monthly income from Vary Lautmakers. It' s hard to
[12:31] put a number because, for example, at Christmas I do super well at
[12:35] Valentine' s Day, on Mother' s Day, in that kind of
[12:37] months, in specifics where there are things that people are going to buy more
[12:41] sweets, because I' m doing well. But, for example, in
[12:43] April it' s a dead month, that is, as the one who
[12:46] says a rto and habichulas with sweet. No, I don' t bug,
[12:48] non, no, but that yesterday. But that kind of thing isn
[12:54] ' t then how it' s very variable. What he meant by the
[13:00] entry of Mary Us Bakkery in general. But the expenses of that same venture
[13:05] you take it, according to the orders they are coming, that is,
[13:07] you do not take it from these thirty thousand that it is going to be.
[13:09] Or no, no, no, I, no, I have that
[13:11] part of the business and it doesn' t subsist on those exactly. Exactly
[13:18] I' m trying to arrange the Marilus Bakery part, that everything that'
[13:20] s coming in from there I put it in a savings account, that'
[13:24] s not a normal time account. Okay, and that' s where we
[13:28] have to move him from there. Well, let' s talk about it.
[13:30] Yeah, yeah, and when I have to buy materials or everything I
[13:35] do, I try to use it from that same account so I don'
[13:41] t mix up either Maria Utspecy' s or personal money. I try to
[13:43] keep that different then those seasons that you say usually come every two or three
[13:48] months. You pay yourself some salary, some incentive for this job that you
[13:52] do there or it just stays on the bill and keeps feeding the business.
[13:56] That stays in the account to save, which is like I use it,
[14:01] like it says my savings Ok, like it says Mike t Baeckry and what
[14:03] I believe today, Mirilut Bakrys, and I have to buy something, but
[14:07] that company money, that as it stays like the company, that exactly from
[14:11] the company. It' s important to establish a salary, uh, I
[14:16] mean, maybe not a salary because you tell me that the issue of power
[14:22] is very variable that, but a dividend an incentive that every time those spikes
[14:26] arrive you get a share for IT, for Mari Maria Laura, Mary Laust
[14:31] Bakery is another person, okay like my personal account, I mean, look
[14:35] at you aha your count is taking a commission from you ok and it'
[14:41] s already going to depend on if a month you didn' t sell anything,
[14:45] for example, because it was very loose, because there you don'
[14:48] t get out of that account, but another month is already getting out according
[14:50] to what you sold. Ok when eventually, if you have a flow of
[14:54] money every month, then yes, it is good to have a fixed salary
[14:58] for the human that will help you to cover one of your essential casts and
[15:05] you to have there assigned OK. How much is the least I have to
[15:07] do the month at Mary Lause Bakery. But yes, for now, as
[15:11] you have those months yet there are not many events, because what you can
[15:16] do is put a commission according to what you generate that month. OK.
[15:22] Well, then, since we have essential expenses and secondary expenses here, let
[15:26] ' s figure out how much of that income you have. We can say
[15:30] the income here clear, clear or income is the first time you' re
[15:33] getting regular and your income is 30, 000 pesos, those thirty zero are
[15:37] net. That' s what' s on your mind. Yes well,
[15:39] I always recommend that when you go to do this kind of organization, you
[15:45] have that net income, what falls to your account? Because if we put
[15:48] in the gross amount that you know that you have to discount it and that
[15:52] if it stops you that if FP, because it is not so clear to
[15:58] you, then what we want here is that all the money is clear to
[16:00] you. Well, then, in your case, you have expenses of ten
[16:04] thousand five hundred pesos a month that are essential. Here we are including.
[16:11] I' d say we can split the singing pont for him to have more
[16:15] organization. Then look what we' re gonna do. Your essential expenses are
[16:18] only going to be seven thousand pesos, which are the transportation costs that come
[16:22] in recently. Yeah, so, to figure out how much you' re
[16:26] spending those income that you have, which is thirty zero in percentage, let
[16:32] ' s divide seven thousand by thirty thousand This is not give twenty- three
[16:37] point three percent. That' s what you' re spending on monthly essentials.
[16:41] Then we go with the secondary expenses, which are nine thousand five hundred
[16:45] pesos. We divide it back here, right, so you learn to do
[16:48] it at home anyway. Thirty thousand among nine thousand five hundred pardons nine thousand
[16:53] five hundred among thirty are thirty thirty thousand. Okay. It gives us thirty
[17:00] - one point, six percent, two percent ok. And how do we
[17:07] have a sinking fund, which is what we also want you to inculcate for
[17:11] that pharmacy expense that comes every two months. And when you have to pay
[17:15] your insurance, there' s also going to be a sinking fund for that,
[17:18] to save little by little. What you have to pay for sure every
[17:19] once in a while. What we' re going to do is we'
[17:22] re going to assign you, even though you didn' t score right now,
[17:26] that you have a savings. We' re going to give you a
[17:27] monthly savings of three thousand five hundred pesos. OK that three thousand five hundred
[17:32] pesos. We' re going to divide three thousand five hundred by thirty thousand
[17:37] and give us twelve percent. OK, that' s the liner I have
[17:41] to scratch every month. I don' t know how you are now I
[17:47] think that' s how you are now. So now let' s go
[17:51] to our recommendations. Okay, open the lan calculator We have here. She
[17:55] ' s spending twenty- three point three more, thirty- two more.
[17:59] He likes that we' re assigning him the thinking phone. So far we
[18:03] have those income that you have sixty- seven percent, sixty- seven point
[18:07] three percent is what you' re spending, so we have a dear surplus
[18:11] left. We have thirty- two percent left to play with you. It
[18:21] ' s thirty- two percent. We are very flexible, especially when people
[18:25] are starting to organize because they don' t have the real numbers. Still,
[18:29] I mean, you just told me expenses, but I always compare it
[18:33] to the wedding list. When I made my wedding list, my guest list,
[18:36] I made a main list, I said since everyone is here. Nobody
[18:41] ' s missing. The other day, I forgot to sleep Such people raised
[18:45] her to notice the other person in three days Oh, my God, that
[18:48] person also spoke to me I mean, I understand that the same thing happens
[18:52] with the expenses as if you, when you' re going to notice it
[18:53] for the first time. You may think you have all the expenses covered,
[18:57] but then you realize it. I forgot to look here I' m paying.
[19:00] I didn' t notice this. So let' s take this amount
[19:04] as proof and let' s even assign you a little higher percentages, so
[19:08] that you have caps on your essential and secondary expenses. Okay, that'
[19:14] s an exact game. It is very important also the secondary expenses, because
[19:17] in meals we made an estimate. So, apart from these percentages that we
[19:21] ' re going to give you, the important thing is that you, too,
[19:26] make a commitment to record all those expenses, whether it' s in
[19:30] a notebook, in your cell notes, to use a combination of your cell
[19:33] notes, the notebook with an excel or also an application. There are several
[19:37] applications. Now that we' re on the phone for twenty- four sevens,
[19:42] of course we can take advantage of this technology. Some of the applications
[19:45] that we recommend are wallet, Monifyte, another one called joining low and simple
[19:51] low put. Then you can compare between those four which fits you best.
[19:57] In the case of walled you can even lir karla with some bank accounts.
[20:02] I' m telling you, so the exact cell phone that' s on
[20:04] your cell phone that helps you register, but you do commit to woe in
[20:10] the news of a cell phone. I just spent this on this bill.
[20:11] You can even throw a picture at him and send it to yourself Whatsapp and
[20:15] then do the registration on an excel for example, and there your so real
[20:21] check is the secondary expense numbers, because that' s where we' re
[20:25] going to see how effective those percentages are. I mean, today we'
[20:27] re going to make you propose those percentages with that thirty- two percent surplus
[20:32] that we have going up each of the categories. But your commitment is that
[20:37] this month you see OK how real those percentages are. I have to make
[20:41] an adjustment to spend a little less than they said. Essential expenditure, because
[20:47] that little bit less I can allocate it to savings Ok. Perfect well,
[20:51] then you have to write down so clear, clear of excellent, you will
[20:55] notice your key numbers for this new budget that we are conforming with you OK,
[21:00] of those thirty thousand that you enter. Your top amount of essential expenses
[21:03] is going to be twenty- five percent ses is going to be the TOPE
[21:07] percentage or that to be seven thousand five hundred TOPE you can' t get
[21:11] over there. There we had five hundred pesos, although we had seven thousand
[21:15] then we went up a little bit, a game OK in the secondary expenses.
[21:18] Your TOPE percentage is going to be thirty- five percent, which is
[21:21] ten thousand five hundred pesos of your income OK. And from now on you
[21:26] ' re going to have nothing more and nothing less than a spectacular forty percent,
[21:30] which is only seen in gs gs gs gs gs gs gs gs gs
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[21:41] gs gs gs gs gs gs gs gs gs gs gs gs gs gs gs
[21:41] gs gs gs gs gs gs gs gs gs gs gs gs gs gs gs
[21:41] gs gs gs gs gs gs gs gs gs gs gs gs gs gs gs
[21:41] gs gs gs gs gs gs gs gs Not and not all those in the
[21:42] calden years who started getting their first salary. It' s an opportunity to
[21:48] take advantage of these surpluses that you don' t have so many responsibilities and
[21:53] take advantage of that forty percent because believe us that when home responsibilities come,
[22:00] children of loan that' s that, hopefully, we' re putting that
[22:04] you have to do magic, go make many adjustments that we decided to use
[22:08] good credit cakes, that we' re going to talk about that now to
[22:15] create more savings and little by little increase that saving potential, because that forty
[22:18] percent is only seen. I think that in Golden RS, if that forty
[22:21] percent in your house, it' s twelve thousand pesos that is your savings
[22:25] potential, it' s a pretty good number for your income and we'
[22:30] re not talking about the extraordinary income that you' re going to have for
[22:33] your venture. Then those 12, 000 are going to be the springboard for
[22:38] all the goals you want to achieve. That' s your goal- achieving
[22:42] potential. What are the goals you' re going to develop? Well,
[22:47] it really depends. We' re going to assign you a main goal,
[22:51] which is the one from the emergency fund. OK is a little money that
[22:52] you are going to accumulate, that will cover you in unexpected situations, that
[22:56] you stop receiving income by x or by already some disease happens something with your
[23:02] vehicle that you already have to pay for. Right. So, for that
[23:04] you' re going to use that emergency fund and how that emergency fund is
[23:08] calculated. You' re gonna take what you take. The expense that you
[23:12] have essential right now, which is that fuel transport that we are seven thousand
[23:17] pesos. You take that amount and multiply it by three and then by six,
[23:22] and that gives you the range of three to six months for your having
[23:26] your emergency fund. In your case they are from twenty- one zero to
[23:30] forty- two thousand pesos. This is not a goal that is reached overnight.
[23:33] The emergency fund is a time- consuming goal, which can take you
[23:37] up to two years to reach it and nothing happens. But the important thing
[23:41] is little by little to build it, because it is that fund that will
[23:45] give you peace when an eventuality arrives that no one is exempt to what happens.
[23:49] Okay, so that' s how the man says for an emergency,
[23:53] so I don' t cough it up in exact situations that the Juan Luis
[23:59] concert came from Juanes and a friend called you that you want to go that
[24:03] a movie for the emergency fund You understand you have that money from this box
[24:07] office and that there' s an eventuality. He came in unexpectedly. No,
[24:10] that concert doesn' t apply to that. That' s why we
[24:14] need to know very well what an emergency is and what' s not an
[24:18] emergency for when if we can touch it, okay? The ideal range of
[24:21] emergency fund is also annotate it is between twenty- one thousand and forty-
[24:25] two thousand pesos. That' s going to be placed in a liquid product.
[24:27] Liquid means you can access your money. It' s fast on a
[24:33] working day, but not on a horrifying account. Not in a savings account.
[24:36] I mean, a savings account. It' s the most basic option,
[24:40] it' s an option, but we don' t lean towards that
[24:42] option. Sure, we lean on an account, but high- performance that
[24:45] generates interest. You can' t give yourself up to seven and up to
[24:51] fourteen times more than what generates a normal account. Then you will be placed
[24:55] a performance account, or you will be placed on a liquid immersion bottom,
[24:56] on an OK affi. You' re going to open the two products.
[25:00] The two products, both the liquid investment fund and the return account, are
[25:04] the two investments that we say everyone has to have. The liquid investment fund
[25:10] is in an investment fund manager, so you' re not going to a
[25:12] bank to open an investment fund. It also allows you to make recurring contributions
[25:18] monthly. You can contribute as many times as you want. Profitability is variable,
[25:22] because that fund does invest it in different instruments, in financial certificate,
[25:27] in high- performance savings account, which have different rates, and the high
[25:33] - performance savings account does have a fixed rate, that is, those are
[25:37] the main differences. One has a variable rate, a fixed rate, but
[25:41] in the high- performance savings account you can also schedule recurring savings. So
[25:45] that open potential that you have even you can automatically get that off your nominal
[25:51] account and so on. Automatically, you don' t have to be thinking
[25:56] about the thing that I have to get him out. No, no,
[25:59] no, no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no,
[26:00] no, no, no, no, no, no, no, no,
[26:00] no, no, no, no, no OK And that' s
[26:02] your different entity, that' s two different places. Yes, the high
[26:06] - performance account opens the banks, the liquid immersion fund opens in the minutes
[26:10] and we, behind the cameras, are going to pass you over and we
[26:12] ' re going to direct you the next questions you need to be able to
[26:21] document those investments and open that nejita account is your card, that business letter
[26:26] is fresh and you also need the movement of your bank account for the last
[26:30] three months that you can generate through your bank platform. Yeah, yeah,
[26:33] perfect Okay, yeah, you' re gonna invest a little money that comes
[26:37] from your bakery. You can document it in a slightly different way, that
[26:41] is, for example, with whatsapp conversations that you give to customers by sending
[26:45] them the bill and so ok ok and the Bakru still recommend that I put
[26:51] it in a part, that is, in a stop or liquid account.
[26:56] Apart from the bakery, we recommend a fondame a liquid, because there are
[27:00] no accounts attractive performance for companies. Still, okay, so, just like
[27:06] you open the personal account, because you' re going to open an account
[27:08] in a fi for a liquid fund, but for the company, the company
[27:11] is set up. No, well, it would be in your name for
[27:15] the moment, okay, but try to say look. It' s two
[27:19] separate funds that I want, so in one fund you can have two and
[27:25] even more unlimited, or that I can have the accounts that you want in
[27:29] the same fund and even the one that ends zero one is going to be
[27:32] Baker' s and the one that ends zero one hundred two is going to
[27:34] be your staff of the perfect Emergency Fund ok ok. I understood excellent.
[27:40] You can have it now. The main difference in rates is that that regular
[27:44] open account you have, what can most generate you is one percent annually.
[27:48] These high- performance savings accounts can generate you from four percent to seven percent
[27:52] and liquid investment funds also from five point five to eight percent. Now they
[27:59] ' re like up to the new percent a year and I can get the
[28:02] money out with that' s when they go scares. You need it,
[28:04] what you have to keep in account, that you have to send an email
[28:07] and that, for example, AFIs have some schedules, like they can request
[28:11] withdrawals until eleven in the morning or until three in the afternoon. You can
[28:15] talk to them about that. When you become a customer, look what time
[28:19] I have to withdraw the money. And let it get to me the next
[28:22] day and it gets to your account that you checked in. Okay, so
[28:26] tedes will recommend to me that it' s the money you put here is
[28:30] my savings money, which we already constituted that we already talked about saving this
[28:33] and not that money. You' re gonna put the money in for your
[28:36] emergency fund. A ok that investment, ok ok tons your emergency fund.
[28:40] We already said the rank and we already said that you can take twelve thousand
[28:44] pesos a month two from you. We can make you evaluate what goals you
[28:47] have, you have some other goal that comes, that comes soon travel,
[28:51] travel, either everyone how weird excellent, because as your second goal is travel,
[28:56] we will divide those twelve thousand pesos in two so that you have the
[29:00] savings of your emergency fund growing invested and you have the savings of your trips
[29:06] also growing invested OK Super So that makes you a thousand How about we get
[29:11] six thousand for the monthly emergency fund and six fifty percent and fifty for your
[29:15] viewing and six thousand for your trip goal ok super ok. Already in four
[29:21] months you' re going to have the range of three more, the range
[29:23] of three months of your emergency fund OK and more that' s going to
[29:26] generate you every month. I mean, he thinks it takes a lot of
[29:30] people years to reach him. If you have this six thousand pesos plan every
[29:33] month for my emergency fund. In four months, you' re going to
[29:37] have more than three months and already when you reach the six months range,
[29:41] because that six thousand you can add to another mint OK super I love ok.
[29:47] Then we have to decide now. Now where we' re going to
[29:49] put those extra six thousand for the travel goal when you have, when you
[29:55] ' re going to travel an estimated date. Or not. No, no,
[29:57] no, not really obvious. It' s not right. Yes or
[30:00] sixty days and then spend it with each other, maybe sixty days. The
[30:04] minimum has to accumulate first exactly. Yeah, there' s a 60-
[30:08] day fund that we love, that' s available in the country, but
[30:12] the minimum amount is six zero if we want to you it' s six.
[30:15] They' re me understand what I already understood aha then as they are
[30:19] twenty zero and what we' re going to be saving is six thousand monthly.
[30:22] You still can' t on the first investment, but you' re
[30:23] going to be able to eventually no less. Yeah, okay, so that
[30:30] fund knows it you can open your account to have the list as an opportunity
[30:36] for when you already have twenty you move it to I Ok. But that
[30:38] fund is like time. I explained to you about the liquid bottom, but
[30:41] here, as his last name indicates sixty days, every sixty days, you
[30:45] can take your money without penalty from that focus. OK. And profitability is
[30:48] variable, but in the last year, with very little volatility, very little
[30:52] variation, it has had a profitability above the eleven wow super. Yes,
[30:56] very good products. You know that product. We' ll pass you the
[31:00] contact so you can open the OK account and in the intering we' ll
[31:03] be placing those six thousand pesos of savings for your travel goal in a 90
[31:07] - day fund. OK to ninety days is the same in the same theory
[31:11] of the fund, but every ninety days you can take out your money without
[31:15] penalty. Then there you' re going to accumulate monthly every two months or
[31:18] every three months. If you receive the extra income of your venture, you
[31:23] take it out and you can put it there for your travel goal too,
[31:26] ok that you grow everything together that you have to keep in mind that at
[31:30] ninety days, you can or already when I have twenty thousand. You have
[31:34] to take into account the 90- day penalty- free date to planet it
[31:38] then sixty- ten. Sure, then, as long as you spend the
[31:41] sixty days, you can leave it there for years, that is, until
[31:47] the trip arrives and when I get it exactly that gives you the flexibility to
[31:49] take it out every sixty days. But I mean, you can' t
[31:52] leave it exactly. OK and you don' t have it automatically, that
[31:56] ' s reinverted, although that' s what you want to remove, is
[31:59] that you notify. But if you don' t notice anything, they assume
[32:00] you want to leave it there for a long time. Okay, exact number.
[32:05] So far it' s all clear, yes, everything, how I
[32:08] feel or want to raba, well, look. We have a few little
[32:12] minutes here and these little minutes already you have a lot of work to do
[32:16] and a radical change in your financial landscape. Sure, I mean, this
[32:19] is gonna be a before and after. I promise you what a thrill it
[32:22] is to talk about credit cards. Who or who I have a OK credit
[32:25] card can feel, whether it' s a bank or not, yes,
[32:30] yes, yes, yes, a basic card, for example, yes from
[32:34] the People' s Bank. Don' t bring jobs OK, but it
[32:36] won' t benefit you. The great goal is called ah ok i mean,
[32:39] I had the orbit changed it for the great ah yeah yeah yeah,
[32:43] I was changed today it' s not called great and i mean it has
[32:45] one in restaurant like they give you back like a small see percentages. But
[32:52] well, I mean, I didn' t have it, it does have
[32:54] benefits, it has benefits, and it' s a card that' s
[33:00] really short your age and according to your castes. Now, you told us
[33:02] that one of your main goals is travel. Yes, that is to say,
[33:07] we can also evaluate a credit card focused also on travel so that you
[33:09] manage with those two cards, obviously, knowing true the limits that you have
[33:15] to pay those cards always on their pay date, of course the balance,
[33:20] the cut, of course ok if it is not an extremely expensive product,
[33:23] you are paying time for it your startup yes, always say OK perfect tenembre.
[33:28] All right, because that' s also going to help you create a
[33:30] credit score and that opening another credit card also helps you, i e,
[33:35] maybe at a temporary time at the beginning it goes down a little bit.
[33:38] The point is credit. But already as you' re raising your credit limit
[33:43] in the long run, that' s going to help you keep raising that
[33:47] score that you' re eventually going to need for when you want to borrow,
[33:52] for a home, for a vehicle, to open a consultant, for
[33:53] example. You know that it' s very important to also aim to build
[33:59] a good credit score. Of course, I mean, one of the travel
[34:01] credit cards is that we can evaluate with you is the American Airlines of survey
[34:07] In the advantage that gives very good benefits on American Airlines, that is,
[34:13] you are consuming miles and in advance you are consuming those points that help you
[34:17] buy tickets. Sure, that' s a very good card, just like
[34:22] the Popular Jet Blue. You can compare the two Ok. It' s
[34:24] already going to depend on where you' re traveling the most, that'
[34:30] s if you see more on American Airlines Anjet Blue, American Airlines has allies,
[34:34] has many allied airlines, a little more diverse. Exactly OK, we
[34:36] need to see how you just got income, because you probably don' t
[34:39] get it in the first month but are going to be asked to contact in
[34:44] three months, as long as you have a three- month history working OK
[34:47] so you don' t despair in that sense. Not clear, little by
[34:50] little, of course and well they made the now because we have reached almost
[34:54] the end. Tell us your doubts that Ok you' re talking about dollars.
[35:01] I' ve got some dollars to give me gifts Look, I always
[35:06] try to horrify it in my gabet. Nothing to do or what happens.
[35:08] I understood if I' m wrong that for you, like saving in a
[35:13] hobby or a stock market, you have to have the origin of the money
[35:15] and document them. And because he had an account in dollars. And to
[35:21] have a dollar account, you have to have a minimum of$ 500.
[35:23] It doesn' t depend, that' s to say, on how sorry
[35:25] you are. I' m saying dollars. Oh, you knew that.
[35:29] That' s what I was going to ask, because, like, well,
[35:31] I also want to open a savings account because I have to do it
[35:36] to put my money in a stock market position, in an afi but I
[35:39] don' t have the five hundred dollars that have to stay there, because
[35:43] that' s the least you have to give then, like you don'
[35:45] t give me And that' s why there are some that have minimums of
[35:50] a hundred dollars and three hundred dollars in my head, that is, it
[35:54] ' s less than five hundred, but yes, to open up an investment
[35:58] fund manager a stock exchange position, they' re going to ask you for
[35:59] the origin of the fund. This ok that money. Who gave it to
[36:00] you. My grandfather, my aunt ok was Christmas I' m always cool.
[36:07] Anything or not. This can be negotiated, i e not. It
[36:09] ' s not like you can' t invest money. If you can invest
[36:12] it, but you have to negotiate it with the entity. It may be
[36:15] that they ask you for a letter made by you to indicate look at on
[36:19] such a date my grandfather, such a card, as he gave me so
[36:25] much he elaborated in such an accurate story of how you received that money and
[36:30] you can give up the evidence of income, either from your grandfather, your
[36:32] aunt or a work letter from them and so the process is made easier.
[36:37] Okay, there are some institutions more stringent than others, but there are some
[36:40] flexible ones that help you with the process of how to handle it, so
[36:45] out of a direct count and that also still recommend me to put it the
[36:50] same on a liquid bottom or look. There are liquid funds in dollars.
[36:54] That asks me that I' m dollars. Yeah, and there' s
[36:59] also 30 days. These funds generate a return of approximately two percent to four
[37:04] percent annually, because remember that it is also the same theory, which is
[37:07] variable profitability. But if they give you the flexibility that every twenty- four
[37:13] hours on favorable days or every thirty days you can access your money. Or
[37:15] that super I love excellent, because you just changed all the financial perception,
[37:23] all those doubts already I think are a little bit more definitely advanced and it
[37:29] is a very positive step, because we know that you just received income,
[37:34] that is, that you are in the moment. I don' t think
[37:37] anyone' s been as perfect a moment as you are. Well tidal hour,
[37:40] well thank you a thousand for coming here to tell us your financial doubt.
[37:45] Then you tell us, like everyone else, to be clear that it
[37:49] is how you go and I hope you come back here already with different testimonies
[37:53] of what you look at. I have so much investment. My emergency fund
[37:55] is six months away. I went on a trip, look at me Mexico
[38:00] and bring the stories. He' s got the pictures and those trips,
[38:04] because you really have a lot of potential. You can see that you are
[38:07] already organized and, above all, you are hungry to want to organize yourself,
[38:10] to want to invest, to want to know about the products. I
[38:13] mean, you, I' m not just going to invest you, you
[38:15] ' re not like you have the interest, you know you and two instruments.
[38:19] It will always help you in the long run when you get an additional
[38:22] income, because you already know that there is a fund manager of your investment
[38:25] where you can already put your money, a savings account, high performance and
[38:29] so, from now on, all savings will no longer be in the tab
[38:31] or the account of another regular, but you have to start to generate.
[38:37] So we wish you so much success and send us those photos of those trips,
[38:45] because from an emergency fund it has already created, because you know that
[38:49] you will create it soon and nothing we wish you all the best. Thank
[38:52] you, you have a real chance that I' m super happy, very
[38:55] excited. Thank you for everything, excellent, and thank you so much for
[39:01] tuning us in. Don' t just take this episode, but share it
[39:06] with all those doctors and entrepreneurs, because María Laura is also an entrepreneur so
[39:10] that they can get started, organize and, above all, invest all your
[39:15] savings. So I' ll see you in the next episode Bye.

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