Summary of "HAZ ESTO Cada Vez Que te Paguen"

Key Wellness Strategies, Self-Care Techniques, and Productivity Tips from "HAZ ESTO Cada Vez Que te Paguen"

The video focuses on practical financial wellness strategies to help individuals manage their money effectively from the moment they get paid, especially relevant for people living paycheck to paycheck. It emphasizes mindset shifts, disciplined habits, and strategic financial planning to build wealth and reduce stress.

Financial Wellness and Productivity Strategies

1. Establish Your Financial Baseline

Identify essential expenses that are truly necessary for survival:
- Housing (rent or mortgage)
- Basic utilities (electricity, water, gas, internet - basic plan)
- Food (home-cooked, nutritious, not eating out frequently)
- Transportation (public transit or essential fuel costs)
Keep these essential expenses below 50% of your net income.
If essential expenses exceed 50%, either reduce expenses (find cheaper housing, change providers, use energy-saving methods, cycle instead of driving) or increase income.

2. Build an Emergency Fund

Save enough to cover 3 to 6 months of essential expenses (not total income).
Keep the emergency fund in safe, low-risk, high-yield accounts or conservative fixed-income funds (e.g., Lulo, NU, Pibank).
Avoid keeping emergency funds in low-interest savings or under the mattress.
Use emergency funds only for true emergencies:
- Serious health issues
- Unemployment
- Urgent home repairs
- Accidents threatening income or survival
Avoid using it for non-emergencies like vacations, impulse purchases, or upgrades.

3. Eliminate High-Interest Debt

Prioritize paying off high-interest debts immediately after securing an emergency fund.
Two main repayment strategies:
- Avalanche Method: Pay off debts from highest to lowest interest rate (most cost-effective).
- Snowball Method: Pay off debts from smallest to largest balance (psychologically motivating).
Avoid predatory loans, cash advances, buy-now-pay-later schemes.
Consider debt consolidation only if it comes with lower interest rates and you commit to changing spending habits.
While paying debts, cut unnecessary expenses and avoid impulse purchases.

4. Start Investing Smartly

Begin investing even with small amounts (e.g., 50,000 to 500,000 pesos monthly).
Use beginner-friendly platforms like Tri or TIVA for mutual funds with low or no startup fees.
Automate investments to avoid temptation to spend.
For larger capital, explore more robust brokers (e.g., Interactive Brokers) for international markets.
Invest both passively (funds, ETFs, stocks) and actively (education, skills, business).
Prioritize investing in yourself if essential expenses are too high or income is low (courses, certifications, skills to increase income).
Start early to benefit from compound interest; small investments made early can grow more than larger investments made later.

5. Value Your Time and Outsource Strategically

Calculate your hourly wage to understand the true cost of your time.
Outsource tasks that cost more time than their monetary cost (e.g., car washing, waiting in lines, accounting).
Use freed-up time for income-generating activities (side projects, education, client acquisition).
Outsource only when it increases your productivity or income potential, not just for convenience.

6. Mindset and Progress Tracking

Avoid comparing your financial progress to others, especially those with different starting points or privileges.
Measure progress by comparing yourself to your past self:
- More clarity on expenses
- Increased savings
- Debt reduction
- Income growth
Accept your starting point and focus on gradual, consistent improvement.
Celebrate small wins and keep building on them.

Summary of Actionable Steps to Take Each Time You Get Paid:

Calculate and control your financial baseline (essential expenses < 50% income).
Build or contribute to your emergency fund.
Prioritize paying off high-interest debts using avalanche or snowball methods.
Start or continue investing small amounts regularly and automate this process.
Evaluate tasks to outsource based on the value of your time.
Maintain a growth mindset, track your progress, and avoid unhealthy comparisons.

Presenters / Sources

The video appears to be presented by a financial educator or personal finance YouTuber (name not explicitly given in subtitles, but referred to as "Checho" in one part).

This summary encapsulates the core financial self-care and productivity advice to help viewers break the cycle of living paycheck to paycheck and build a foundation for long-term financial stability and growth.