Three Brazilian millionaires, Eduardo Mira, Rafael Prado and Fabrizio Gueratto, shared their tips for accumulating R$ 1 million in an exclusive interview given to a portal.
Among the pieces of advice, the importance of saving as much as possible, investing wisely and avoiding increasing the standard of living in the same proportion as income stands out.
see more
The "powers" of porridge: check out the benefits of oats in…
Caruru: Know the health benefits and versatility in…
Eduardo Mira is a CNPI-T analyst and partner of renowned companies, such as Me Poupe! and Clube FII, was the first millionaire to share his experiences. At 44 years old, he reached his first BRL 1 million just over 9 years ago.
Since the age of 17, Eduardo has already invested any amount he could, even if small, with the aim of accumulating enough to never again go through the extreme poverty that he experienced along with his family, even if he lost his job.
Fabrizio Gueratto, creator of ‘Canal 1 Billion Financial Education’ and partner in several companies, highlights the importance of avoiding an increase in the standard of living as income increases. For him, this is one of the keys to consistently accumulating wealth.
Rafael Prado, entrepreneur, followed a similar strategy. Early on, he committed to spending less than he earned, saving between 20% and 25% of his salary. At the age of 24, Prado accumulated his first R$ 1 million, adopting an economical lifestyle and diversifying his sources of income.
These three millionaires share the mindset of saving, investwisely and maintain consistent financial discipline over time as the basis for reaching the BRL 1 million mark.
Conquering the first million
It is important to emphasize that each person has a unique context that can influence their journey to accumulate money, make investments and prosper financially.
Taking this into account, economist Bruno Mori suggests some strategies to reach the first R$ 1 million. One is to draw up a detailed investment plan, setting clear goals and determining a specific date to reach the goal.
In addition, it is essential to define where the resources will be applied, considering different investment options that are aligned with long-term financial objectives.
Mori highlights the importance of seeking knowledge and constantly updating oneself about the financial market and investment opportunities.
It's also critical to develop healthy financial habits, such as controlling spending, avoiding unnecessary debt, and maintaining consistent financial discipline.
To reach the first R$ 1 million, the amounts to be saved monthly may vary according to disposable income and the profitability of the chosen investment.
This variation occurs mainly in relation to the period established to reach the objective and the investment profile adopted, be it conservative, moderate or aggressive.
Conservative, moderate or aggressive investing
Considering a conservative portfolio, which seeks to preserve capital with less exposure to risks, the necessary monthly contributions may be lower, around R$ 398.98. This option may be better suited for those who want a safer, more stable approach to accumulating wealth.
On the other hand, in a moderate portfolio, which seeks a balance between security and return potential, monthly contributions required may be a little higher, ranging from around R$1,000 to R$2,000, depending on the specific conditions of each investor.
On the other hand, in an aggressive portfolio, which seeks to obtain greater profitability through riskier investments, the monthly contributions can be more significant, reaching values such as R$ 5,846.18 or even more tall.
These are the top strategies that were shared by millionaires and investment experts alike. For many, these are the first steps that must be taken towards the first million.
At Trezeme Digital, we understand the importance of effective communication. We know every word matters, so we strive to deliver content that is relevant, engaging, and personalized to meet your needs.