How to Save Your First 10 Thousand Reais

To reach the goal of accumulating R$ 10,000, you can follow a step-by-step plan based on financial book teachings. This plan combines practical strategies for saving, investing, and developing a financial mindset. Let's go:

Step 1: Create a Clear and Achievable Plan

📖 Based on The Secrets of the Millionaire Mind – T. Harv Eker

Set your goal: "I want to save R$ 10,000 in [X months]." Choose a realistic timeframe based on your current income and expenses.

Break down the goal: If you want to save R$ 10,000 in 12 months, you'll need to save about R$ 833 per month.

Mindset: Believe that achieving this goal is possible and focus on visualizing the results.

Step 2: Pay Yourself First

📖 Based on The Richest Man in Babylon – George S. Clason

Golden rule: Reserve at least 10% of your monthly income for this goal.

Example: If you earn R$ 3,000, set aside R$ 300 before paying your bills.

Practical tip: Open a separate account, like a savings account or investment account, to avoid spending the money you’ve reserved.

Bonus: If possible, increase the percentage to 20% or more. This speeds up the process.

Step 3: Control Your Spending

📖 Based on The Psychology of Money – Morgan Housel

Map out your expenses: List everything you spend in a month. Identify unnecessary expenses (delivery, subscriptions you don't use, etc.).

Reduce the unnecessary:

• Replace a daily coffee from a café (R$ 5 x 30 days = R$ 150/month) with one made at home.

• Swap expensive entertainment for free or more affordable options.

50/30/20 rule:

• 50% for needs (rent, food).

• 30% for leisure.

• 20% or more for your R$ 10,000 goal.

Step 4: Create Extra Sources of Income

📖 Based on Rich Dad Poor Dad – Robert T. Kiyosaki

Sell things you don't use: Declutter your home and sell items on marketplaces (OLX, Enjoei, etc.).

Example: Selling an old phone for R$ 500 is already a step forward.

Freelance or extra services: Use skills you already have (design, writing, video editing).

Useful platforms: Workana, Fiverr, or Hotmart.

Invest in passive income: Even with little, invest in something like a CDB with daily liquidity.

Example: By investing R$ 500/month at 10% annual interest, you'll reach R$ 10,000 in less than 18 months.

Step 5: Make Your Money Work

📖 Based on The Richest Man in Babylon and Rich Dad Poor Dad

Invest in something with a safe return:

• Treasury Selic: Ideal for saving money securely and generating interest.

• CDBs or Investment Funds: Look for options with higher returns than a savings account.

Practical simulation:

If you save R$ 833/month and invest at 10% per year, you’ll have R$ 10,000 in 11 months with compound interest.

Step 6: Monitor and Adjust

📖 Based on The Psychology of Money – Morgan Housel

Review your numbers monthly: Check how much you’ve saved and if the plan is working.

Reinvest returns: Don’t spend the interest your investments generate; use them to accelerate your money’s growth.

Be patient: Small daily actions lead to big results over time.

Step 7: Reward Yourself (Moderately)

📖 Based on The 4-Hour Workweek – Timothy Ferriss

Motivation is key: Every milestone you reach (R$ 2,500, R$ 5,000), set aside a small percentage for something you enjoy. This helps maintain focus and discipline.

Action Plan Summary

• Goal: Save R$ 10,000 in X months.

• Save: Set aside 10-20% of your monthly income.

• Cut costs: Eliminate unnecessary expenses.

• Earn more: Create extra sources of income.

• Invest: Make your money grow with compound interest.

• Monitor: Review and adjust monthly.

With this plan, reaching R$ 10,000 is a matter of time and consistency. If you want to dive deeper into the topics to shorten this time, click the button below.