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For today, we bring you what is easiest in the world of PERSONAL FINANCES, but at the same time, it will be the most challenging in the daily conduct of people's lives.

How to go from zero dollars to your first $1,000, free of expenses in your bank account? - I'm not talking about earning thousands of dollars, I'm not talking about your earned salary, the business you conducted, I'm not talking about the purchase investment you made today.

From my personal experience, there is nothing more gratifying than going to work and being well-compensated; a good salary implies having a 'degree of quick satisfaction to Financial Freedom.' However, almost 90% of people make decisions based on their emotions, to the extent that their finances guide what to do with their money, and they act according to what I call in my guide, A Good Financial Life Conduct - Lack of mental strength in their conduct of life.

I won't delve into these in this article (as it is information from my book available in its first module) and let's focus on how to advance towards that path to your first thousand dollars.

In a nutshell, to successfully save your first $1,000, it's important that saving becomes a constant and disciplined part of your financial routine. Over time, you will see how your savings grow, and this financial cushion will provide you with peace of mind for any unexpected expenses or opportunities that may arise in the future.

But how to achieve it? Well, as I mentioned in the previous paragraph, it's not about earning more, as there are hundreds of people who earn 40% more than the rest of their colleagues in an organization because they have a certain level of job responsibility, and, theoretically, this represents a higher margin for salary benefits. Now, what most people do is acquire a higher margin of debt commitment, their lifestyle increases, resulting in more expenses parallel to their income, and even exceeding it.

Many books, from my reading experience, would say: Well, you must follow the 3 basic rules to achieve it:

Create a budget based on your income and expenses.

Automate your recurring savings according to the previous rule,

Cut expenses.

But I ask you, have you understood the analogy of this? I don't like answering myself, but I would say as sarcastically as possible, 'You haven't told me anything at all!' And rightfully so.

Let's see, in the following table: Scheme of your ideal Financial Life Conduct for all kinds of people:

<img src=”imagen.jpg” alt=”conducta financiera”>

Spanish Edition

You have X income, for example, $1,000 DOLLARS of income. Based on two scenarios, you decide:

Person A with Good Financial life Conduct, makes decisions based on the reality of their daily life. They analyze their commitment and consider how to manage this income flow. They follow an upside-down funnel scheme, prioritizing their long and medium-term goals, while still meeting their current responsibilities. These individuals allocate 20% as a blind savings fund that they won't touch to achieve their goals.
They allocate 30% for daily personal and emergency expenses outside major responsibilities. This money is neither part of their savings nor debt expenses and is typically used for things like training, health, and various expenses.

People adhering to their budget plan allocate the majority of their money to significant commitments and responsibilities like housing, groceries, utilities, transportation, and education, among others.

In summary, this individual's profile has a 70% higher chance of success in their personal financial life conduct and even in any business management they undertake in life.

Table 2 - Explanation:

Person B commonly views their reality based on their daily responsibilities. They immediately and almost automatically assess their mental strength based on emotions: paying off debts and other obligations take precedence before even considering the possibility of building a financial cushion. These individuals view the funnel from largest to smallest, reducing their concept to 50% or even more in immediate expenses.
By reducing their expenses to 50%, they have no opportunity to maximize their income flow. If they spend beyond these parameters, like going out for entertainment without saving, they will eventually use up any remaining funds, which will be needed for any short-term unexpected emergency.

In summary, this mindset lacks mental strength in their character and socioeconomic life, and they will always be confined to their frustrated circle, or resort to seeking drastic solutions to balance their life.

Total Summary and Advice to Achieve that $1,000:

A) Carefully examine your monthly expenses, set concrete goals following the upside-down funnel scheme, create your own budget (20% savings, 30% variable expenses, 50% fixed daily expenses).
B) Divide your income according to your goals. Remember, your goal is to set a path toward your target, so focus on allocating a minimum of 20% monthly for gratification and the start of your savings.
C) Be realistic: Do not deceive yourself. Set achievable and consistent goals with yourself. For example, if you say, "I will save $200 per month out of my $1,000 monthly income," in just 5 months, you'll have those $1,000 free of obligations and responsibilities. That's the essence of it. And if you can do it in 10 months, it'll be $2,000. Consistency is the key to financial freedom.

As stated in my book, "Financial Conduct," the secret to personal financial success is that there is no secret but misguided decisions in your mental strength affecting your life conduct