Full transcript
0:00Come on, how do you manage your money? This is one of the most important
0:03subjects there is, there are people who get rich because of it, there are people
0:07who get poor because they got it wrong, there are people who go wrong because of
0:11it, in short, it's a very important subject, I want you to pay attention to it.
0:15I'm going to share a little bit of what I've learned along the way and that you
0:19can apply as soon as you finish this video. How do you manage your money? Here
0:23we go. Sixty-nine percent of people don't save any money, okay? Here you have
0:27several little balls, you have sixty-nine percent of these little balls are red.
0:31This means that all the red balls are people who don't take care of their own
0:35money, don't save money, okay? So for every hundred people you know, there are
0:39sixty-nine people, that is, seven people out of ten who don't keep any money,
0:42only three people out of ten keep any money. This means that of those three,
0:46they don't necessarily save a lot or invest. In other words, I'm saying here
0:50that the majority of Brazilians don't do this, many because they can't afford
0:54to. So at a time when it's very difficult, they need to get by, they need to get
0:58out from underwater, others simply because they don't know, they don't want to
1:02be motivated, they complain. There's a bit of everything in here. Why is it
1:06important to take care of your money? Because people get into debt, they like to
1:10be bled rich, they like to look rich, they hate to look humbler, so to speak,
1:13they'd rather live momentary pleasures and a life of catastrophe and disaster
1:17than actually have an average life for a while so that you can be rich all your
1:21life. What's the big deal? Anticipating dreams, so that you can experience a
1:25pleasure that isn't there at the time, often ends up becoming a curse, an
1:29anticipated blessing becomes a curse. So if you have a debt of ten thousand
1:32reais, look at that, ten thousand of debt, okay? Then you have to use a
1:36revolving card, something crazy like that. ten thousand of debt at twelve
1:40percent a month, which is more or less, is worth a credit card debt, revolving,
1:44something like that. Let's turn ten thousand into R$eight million in sixty
1:47months, which is five years. So R$ten,zero of debt becomes R$eight.nine million
1:51in five years. That's a lot of money. If you invest ten thousand in five years,
1:55does it turn into R$eight,nine hundred? Of course not. That's why you always
1:59have to pay off your debts before you invest. Why am I showing you this?
2:03Sometimes you don't have any debt, so I want you to keep it that way, don't go
2:07into debt, okay? Don't go into debt, especially when it's debt like this, high
2:10interest rates, bad debt. Because the problem isn't debt, the problem isn't
2:14borrowing money, the problem is poor quality credit. So let's make that clear.
2:18So I don't want you to borrow money from a bad place, i.e. I don't want you to
2:22take out your card to buy something you can't afford. I don't want you to forget
2:26to pay, I don't want you to get into debt for a momentary pleasure that won't
2:30make you grow. That's the first lesson. Then there are three formats for
2:33managing resources. One, for those who have no idea what they're doing. This is
2:37usually a person who is financially poor. A person who doesn't have any
2:41resources, who is going to get into debt, who is going to live on the edge. Here
2:45you have a person who would be more in the middle class, so to speak. This would
2:49be a more middle-class person. Here is a rich person, in fact. Here is a person,
2:53I'm going to write it here, but with a lot of quotation marks, I'm going to call
2:57them a financially poor person. And they have three ways of looking at it from
3:01here. All these people have options. And the decisions you make will get you to
3:05one place or another. How does a person who is short on resources, who doesn't
3:09know how to manage their money very well, usually do it? They take their salary,
3:13so their salary is their only source of income. They take that salary and what
3:17do they do? They use it to pay for expenses. So it's that person who's just
3:20starting out, you know? Money comes in, pays for food. Money comes in, pays the
3:24electricity bill. Money comes in, pays for something they need to survive. So
3:28that person stays in this cycle here. There's a little left over, because
3:32sometimes there's a little left over. There's an extra R$ten left over, R$ten
3:36thousand left over, R$two hundred left over, R$three hundred left over. What
3:40does she do? She spends it on expenses. It's the mentality of spending on
3:43spending. The income came in, they spent it on expenses. Middle-class people
3:47already earn a little more money. When you earn a bit more money, you start to
3:51have more options. So what does the middle-class person do? They take their
3:55income here, which is just their salary as well. They usually have a salary
3:58here. What do they do? They take it, they spend it on expenses, right? Because
4:02she has to pay her expenses. But she also has a slightly different mentality
4:06from here, because she spends on liabilities. Liabilities are everything that
4:10takes money out of your pocket. But she, the middle-class person, thinks she's
4:14making an investment, but she's not. So they take their money and say, well,
4:18I've seen my parents all my life saying that they can take everything from me,
4:22except my assets. At least I have my little car here, at least I have my little
4:26house here. And that speech may make sense, but in general it's wrong. Ah, so I
4:30want my car, there's my little car here, look, at least I have my car. Dude,
4:33you're going to get your car, then you're going to buy a car, for example, that
4:37costs, I don't know, R$ eighty thousand, that car is going to depreciate, that
4:41car is going to be worth R$ forty thousand in a while. As well as losing value
4:45in that car, it's also going to cost you IPVA, insurance, one crash, another,
4:49you're going to have to pay for gas, but that's okay, because you need to get
4:53around. Sometimes you'll hit another car, you'll have to pay something there,
4:57insurance, etc. You'll get a fine. Then the car, you'll say, no, hang on, I want
5:01to change the wheel, I need to wash the car so it looks nice, it needs to smell
5:05nice, let me change the seat, I'll put I don't know what in there. So you start
5:09having costs in the car. So what is the car? It's a liability. A liability is
5:12anything that takes money out of your pocket. When liabilities take money out of
5:16your pocket, what happens? It goes back into expenditure. So you have a salary,
5:20you spend your salary on expenses and you create liabilities. But because you
5:24create liabilities, your liabilities create expenses. What happens then? You
5:28create expenses and you have to
5:35use more of your income to pay off these liabilities. And then in a while you'll
5:39realize that you were on a straight line, you haven't prospered, you haven't
5:43grown. That's why so many people spend one, two, three, five, ten, twenty years
5:46and then look back and say, man, I worked so hard, where did my money go? Then
5:50you look and say, man, I didn't have any assets, I don't have any money. Where
5:54did it go? Then you don't know. You don't know where you spent it, you don't
5:57know when you spent it, this is wrong. This is a middle-class mentality. That's
6:01why you often don't get anywhere. And you have a different mentality, a
6:04mentality that is a little more abundant, with a little more financial
6:08knowledge, which is the rich mentality. What is the rich person's mentality?
6:11Firstly, they have a salary. So they have a salary, they work. And what do they
6:15do? When their money comes in, their mentality is, I need to take my money and
6:19make it turn into more money. How do I turn my money into more money? I'll take
6:23the salary and send it to assets. Assets are what? Everything that puts money in
6:26your pocket. What puts money in your pocket? Stocks, real estate funds,
6:30fixed-income securities, investments, investments in general. When you have, for
6:34example, a real estate fund, you buy it here, a real estate fund. What will the
6:37real estate fund do? The real estate fund will pay you an income every month,
6:41you'll receive dividends every month. What are you going to do with that money?
6:45That money
6:47becomes income. Now your income has increased. So now you don't just have income
6:51from your salary, you also have income from dividends.
6:54Then what are you going to do with that income? You're going to buy more assets.
6:58What are you going to buy? Stocks, fixed income, you buy various things. What
7:02does that do? It gives you more income. So at first you use your salary to pay
7:07your expenses. Over time, you start using your dividends to pay your expenses.
7:11You no longer need to touch your salary. So you start with an active income,
7:15which is the fruit of your labor. You work for your salary, i.e. you sell your
7:19time, you use your arm strength and you receive money in return, which is active
7:23income. You take this active income and buy assets. When you buy assets, those
7:28assets will take away passive income. Passive income increases your income
7:32without depending on your arm strength. And you use that income to buy more
7:36assets and to pay your expenses. And you'll have a cycle where you get richer
7:40and richer. You receive more income, you invest more in assets. You receive more
7:44income, you invest more in assets. And then you'll have a cycle where you grow.
7:48That's the difference. Here you have a cycle of impoverishment, where you take
7:53your income, buy liabilities, the liabilities increase your expenditure and then
7:57you have to consume more of your income. There comes a time when you're laid
8:01off, you have a gastronomic crisis, you go bankrupt. Your vehicles are seized,
8:05your name is tarnished, you don't want to answer any more calls. So this is an
8:09important difference. Where does your salary go? Does it just go to expenses,
8:13does it go to liabilities or does it go to assets? This will define the cycle of
8:18prosperity in your life. Has what I've told you made sense so far? Let me know
8:22in the comments if it's making sense to you so far. It's very important for me
8:26to read your feedback. Please leave a comment below if it made sense to you.
8:30Before I continue here, by the way, if you haven't already done so, click on the
8:35like button on the video, this is mega important. Click on the like button and
8:39subscribe to the channel if you haven't already. A pizza! Wow! In fact, a pizza,
8:43something I haven't had in a long time. A delicious pizza like this with three
8:47large slices. So a larger slice of fifty percent, a smaller slice of twenty
8:51percent and a middle slice of thirty percent. What use is that? That's your
8:55budget. In other words, you're going to get your money, you have one hundred
9:00percent of what you earn. This will go somewhere. You can't let money control
9:04you. You will control the money. This is very important, because if you let
9:08money control you, money will be your master. If you control money, money will
9:12be your servant. But never forget, money is a great servant and a terrible
9:16master. Choose who controls whom. Don't be that person who says, I don't know
9:20what's happening with my money, I don't know where I'm spending it. You will
9:24decide where your money goes. And here, of course, is a suggestion. But the idea
9:28is that you allocate fifty percent of your spending to one thing, thirty to
9:32another and twenty to another. How are we going to distribute this? Fifty
9:36percent of your expenses are for survival. It's basically your housing, rent,
9:41electricity, food, it's for you to survive. What we would call essential
9:44expenses. Essential expenses are what you need to survive with a certain
9:48quality. But what will give you greater comfort, a higher quality of life?
9:52Non-essential spending, which is optional spending. What's in here? Your
9:56hobbies. So, your hobbies are what you enjoy doing. I like going to the gym, I
10:00like, for example, I like video games, so I like buying games on the Nintendo
10:05Switch, on the PlayStation Five. Then I like to go to the movies, my hobbies are
10:09here. With fraternization I like to have parties, I like to give presents, I
10:13like to eat in restaurants. These are your optional expenses. People today argue
10:17that this is mandatory. Are you crazy? Am I going to cut my outgoings? No, you
10:21will, because you're not everyone. First you have to make sure that you can
10:25afford it. Can you afford it? Now you can spend on it. But if you stay here, if
10:30you spend up to this point and there's nothing left afterwards, you'll live in
10:34the cycle of poverty or the middle class that I wrote for you. It's no problem
10:38for you to be middle class, on the contrary, I was for a long time. In fact, I
10:42may have come up a little bit short at times, and that's fine, but wouldn't it
10:47be nice if it gave you a vision where you could grow more, have more comfort,
10:51have more freedom? Wouldn't that be nice? That's why you can't limit yourself to
10:55this, that's why sometimes you have to give up some things here, because
10:59optional expenses can consume your whole life, because there's no end, there's
11:03no end, believe me, there's no end. Good taste doesn't come back. You try good
11:07wine, you'll never want to drink bad wine again, you traveled first class,
11:11you'll never want to travel normally again, if you used an automatic car, you'll
11:16never want to use a manual car again, you went somewhere nice, to a nice hotel,
11:20you'll never want to stay in a bad hotel again, you wore quality clothes, you'll
11:24never want to wear poor quality clothes again, you ate in a good restaurant,
11:28you'll never want to eat in a bad restaurant again, because good taste doesn't
11:32go back. So you're going to have to somehow limit your desires here, because
11:37that's what's going to make you really rich. So, fifty percent of your spending
11:41should come here, thirty percent of your spending should come here and twenty
11:45percent of your spending should come here, because it will really make you rich.
11:49What will enrich you here? Study, emergency reserves and investments. Study
11:53because knowledge is a source of power, if you do something out here, you can
11:57only do something out here because you first have knowledge in here. So, if I
12:02studied video editing, now I can materialize that knowledge into power, because
12:06if I didn't have knowledge, I wouldn't be able to edit a video, I wouldn't be
12:10able to record a video. If I didn't have the knowledge, I wouldn't be able to
12:14sew clothes. If I didn't have knowledge, I wouldn't be able to operate a truck,
12:18I wouldn't be able, if I didn't have knowledge, to edit in C++, in Node. So
12:22knowledge is a source of power and power materializes out here and turns into
12:27resources, because power allows you to generate value and you keep part of the
12:31value you generate. So you need to study. How? Book, course, lecture,
12:35networking, everything here in study. Emergency reserve, you need a little money
12:39in the short term in case something goes wrong. Investment, because this is what
12:43will multiply you in the future. When we talk about investment, why is it
12:47important for you to know about it now? Because our life has a cycle. This cycle
12:51goes through a phase of development, introduction, growth, reaching maturity.
12:56Then it starts to decline and retires. But each phase has a different
12:59characteristic. So, when you're in the development phase, you're usually small,
13:03so you rely on other people to meet your needs and desires. Dude, my dad pays
13:08for me, my mom pays for me, who pays for my school, who pays for my food? Well,
13:12I can't afford it yet. And then, after that, you can still count on your
13:16parents, who are responsible for providing for some things, sometimes they even
13:20put food on the table, but you're already starting to work, so you're starting
13:24to buy your own things, you've already got your own money, but it's still not
13:28enough to survive well. You still can't afford your house and all that, but you
13:33can buy a little something or other. And then you're in the growth phase. Here,
13:37you continue to develop in your career and we become more established in our
13:41family and professional lives. So now I'm really starting to pay my bills, I'm
13:45often starting to raise my family and I've reached maturity, when we reach the
13:49top of our career, both in terms of salary and time working, so I'm working a
13:54lot and here I already have a good salary, which is where I generally support my
13:58family very well. I've already passed this initial phase, so I'm well
14:02established in who I am and I'm in my maturity. After that comes decline.
14:06Decline is when your health starts to become more compromised, you don't have
14:10that drive anymore, so your energy and productivity decrease and you start to
14:14think about retirement. And then you're in retirement, you stop working, your
14:18costs increase, your income decreases. Stop working, costs increase, income
14:22decreases. What usually happens to people? People who start thinking about
14:26investment, here.
14:34So they're here in decline and they say, well, now I need to save a little money
14:37because I'm going to have to stop working. What's the problem? People should
14:41think about that.
14:44Timing in life is everything. When you're young, you have time, you're healthy
14:48and you don't have any money. When you're an adult, you have money, you have
14:52your health and you don't have time. When you're older, you have time, you have
14:55money and you don't have health, if you have money. So you need to invert this
14:59logic of the world, okay? You need to start thinking about everything I'm saying
15:03now, because tomorrow is too late. The cost you pay is cheap here, but if you
15:07don't pay it cheaply, it becomes too expensive and it may no longer be possible.
15:10Or maybe you'll have to make more of an effort, or maybe you'll have to work a
15:14lot longer, or you'll have to rely on donations, charity, family. Why do you
15:18have to start thinking about this as early as possible? Because of this. Take
15:22twenty percent of this pizza, if you invest R$ten,zero reais with a twelve
15:25percent return per year, twelve percent per year, R$ten,zero reais, in fifty
15:29years you'll have R$two.eight million. So R$ten,zero reais in fifty years
15:32becomes R$two.eight million, if you invest at two percent a year. Ah, Tiago,
15:36you're talking about fifty years, that's a long time. It's a long time, but you
15:40don't care, what does it matter? What do I want to show you here, people? Don't
15:43take it out of context. I want to show you that if you invest for a long time,
15:47if you think about the future, you'll do well. That's what I want to show you.
15:51If you start today, regardless of how old you are, and you invest better and
15:55better and you don't stop setting aside part of your budget for this, regardless
15:58of how long it takes, you'll reap the rewards, seed,
16:02fruit, seed, fruit. Take the seed, plant it, there's a fruit, eat some of the
16:06fruit, there'll be seed inside the fruit, plant it again and keep planting it
16:11again. This is a single investment of R$ten,zero, now imagine if you invested it
16:15all the time. You'll get very far. Firstly, I hope this video has helped you a
16:19lot. Secondly, I have my mentoring, the mentoring of my million, where I take
16:23you by the hand, we spend several weeks together planning your financial life,
16:27helping you to organize yourself in a family way, preparing you to choose good
16:31investments and empowering you so that you can invest with my method, my
16:35investment philosophy, which has already helped more than a hundred thousand
16:39students. We do this here through classes, teaching material, classes of this
16:43size, in this aesthetic, but with much more depth and, obviously, also with many
16:47lives, where we will participate in these moments together, okay? If you want to
16:51take part in this process with me, you can bring your family along. Click on the
16:55link in the description or somewhere here on the screen, and pre-register for
16:59when new places open up, because we'll be opening a new class soon, okay? For
17:03mentoring from a thousand to a million. Big hug, see you in the next video and bye!