How to Save Your First 10 Thousand Reais
Wealth is built with discipline, planning, and persistence. By applying these principles, anyone can achieve financial security.
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.