Build your empire E-Book

Vitor Mendonça Prado

• Herausgeber: Editora Dialética
• Kategorie: Ratgeber
• Sprache: Englisch

Seitenzahl: 165

Veröffentlichungsjahr: 2021

Beschreibung

This financial expert's new book shows you how you can build your empire and gain financial freedom. In just over a month, readers can organize their financial lives and make progress in the investment field. Through daily challenges, Vitor Prado demonstrated his methods of financial education, which include topics such as the financial control system (60,20,20), generating extra income and investing in investments. At the end of the cycle, it is possible to restart the journey with new goals and a healthier financial life.

Leseprobe

PREFACE

Along my journey towards success, I acquired knowledge that many people didn’t know or didn’t have access to, it was thinking about these people that I decided to create this book and spread to the world everything I’ve learned throughout my life. It is very unfair that few people really know how to handle their money, that they know so little how to achieve the long-awaited Financial Freedom. Thoughts like “I work for money” “I work a lot harder than I should to make more money” many think this is right, but I disagree, no one should work for money, money should work for you, in case you’re wondering how this is possible, in this book I show right at the beginning that there is a way to do this, not only in the beginning but also in the whole, an example that I use particularly is the American system called 60,20,20 and in this book Cesar’s story is told, proving that just by saving a little of his money, in a short time he has financial independence. After all what does it really mean to have financial independence or to be rich? In the minds of many Brazilians, it’s like that, not having any bill to pay, they think everything is fine, it’s not like that, if the profitability of your stopped money generates more than you earn, then you can consider yourself rich or say you have financial freedom, as it was in Caesar’s story in that book. Feel free to see all the systems and stories and start applying them in your life. Do not limit yourself only to the knowledge in this book, learn from other people too, as one of the greatest men who changed the world once said “When your mind expands, it will never go back to what it was”- Albert Einstein.

SUMMARY

Capa

Folha de Rosto

Créditos

PRESENTATION

FINANCIAL ORGANIZATION

FINANCIAL CONTROL SYSTEM

SURVIVAL

CAN YOU GET RICH AS A PUBLIC SERVANT?

MASTERING YOUR MIND

WHAT IS IN YOUR MIND DETERMINES WHAT IS IN YOUR HANDS

WHAT CONSTITUTES AN ASSET?

TAX ADVANTAGES

LED BY FAITH AND NOT BY FEAR

WITH FAILURE COMES LEARNING

DARK INTENTIONS

WHAT IS YOUR INTENTION?

THE FIVE PILLARS FOR BUILDING SUCCESS

1. POSITIVITY AND OPTIMISM

2. CLEAR VISION AND DIRECTION

3. ATTITUDE AND EXECUTION

4. COMMITMENT AND VALUES

5. EMOTIONAL CONTROL AND DETAILS

CAN YOU GROW AS A BILLIONAIRE?

BILLIONAIRES ARE GROWING

EARN MORE THAN YOU SPEND

STOP BEING AN EMPLOYEE

LEARN FROM THE WISEST

THE POWER OF EDUCATION

NO FAILURES

DON’T BE AFRAID TO FAIL

FORMULA TO REACH THE TOP

LIVE THE PRESENT

BE PASSIONATE

WHAT ARE STARTUPS?

STARTUPS

THE MAIN TYPES OF INVESTMENTS IN STARTUPS

1 - Bootstrapping

2 - Seed capital

3 - Angel Investment

4 - Accelerators

5 - Incubators

6 - Venture Capital

7 - Venture Building

ANGEL INVESTOR VALUES

ANGEL INVESTOR

ANGEL INVESTMENT GROWING

IS IT WORTH BEING AN ANGEL INVESTOR?

PROFIT POTENTIAL

CONTACT WITH INNOVATION

ALIGNING INVESTMENT WITH PERSONAL PURPOSE

TIMES OF CRISIS AND SOLUTION

CAUSE OF THE 2008 CRISIS IN THE WORLD

2008 AND ITS CONSEQUENCES

2008 CRISIS IN BRAZIL

SOLUTION TO THE CRISIS

OURO PRETO INVESTMENTS

OURO PRETO

PARTNERS

CAUTIONS WHEN BUYING REAL ESTATE

RISKS OF INVESTING IN REAL ESTATE

THE 4 MOST COMMITTED MISTAKES

THE 7 BIGGEST RISKS OF INVESTING IN REAL ESTATE

1. Paying more than the property is worth

2. Market risk

3. Uncertainty about valuation

4. Low liquidity

5. Immobilization of the patrimony

6. Low profitability

7. High costs

IS THERE AN ADVANTAGE TO INVESTING IN REAL ESTATE?

Security

Constant valuation

Extra income

STOCK EXCHANGE

ABOUT THE STOCK EXCHANGE

Stocks

Dividends

Commodities

Indices

The home broker

Brokers

Government bonds

Futures contracts

Exchanges Around the World

Circuit breaker

The Brazilian stock market

IS THE STOCK MARKET A BIG CASINO?

WHY DO PEOPLE LOSE MONEY IN THE STOCK MARKET?

IS IT POSSIBLE TO BEAT IBOVESPA?

CRISIS IS A SOLUTION

UNDERSTANDING THE CRISIS IN BRAZIL

SEIZING THE OPPORTUNITIES OF A CRISIS

NOTICE WHAT’S NOT WORKING

ACT IN AN INFORMED AND ASSERTIVE MANNER

FIND OPPORTUNITIES TO INNOVATE

DO NOT BE AFRAID TO TAKE RISKS

PLAN FOR GROWTH IN A CRISIS

TEST AND LAUNCH NEW PRODUCTS QUICKLY

KEEPING THE FOCUS

PAY ATTENTION TO COSTS

INVEST IN CUSTOMER LOYALTY

KEEP AN EYE ON THE MARKET

INVEST IN TRAINING AND MOTIVATION

TAKING SPECIAL CARE OF YOUR BUSINESS IN TIMES OF CRISIS

CREATE A PROPER BUDGET

USE THE RIGHT FINANCIAL TOOLS

GLIMPSE GOOD OPPORTUNITIES FOR SAVINGS

BE CAREFUL WITH DEBTS

INVEST IN TRANSPARENCY

HOW TO ACHIEVE FINANCIAL INDEPENDENCE

1ST STEP > MAKE MORE MONEY

STEP 2 > SAVE

STEP 3 > AVOID GETTING INTO DEBT

STEP 4 > INVEST WISELY

STEP 5 > OWN YOUR OWN HOUSE

STEP 6 > TAKE OUT LIFE AND HEALTH INSURANCE

STEP 7 > ALLOW YOURSELF TO “GET SOME RIDALS” ALONG THE WALK.

STEP 8 > SEEK TO INTENSELY ACQUIRE FINANCIAL EDUCATION

STEP 9 > IF YOU NEED HELP, HIRE A FINANCIAL EDUCATION PROFESSIONAL

STEP 10 > UNDERSTAND THAT MONEY IS JUST A MEANS, NOT THE END ALONE

WHERE IS YOUR MONEY GOING?

WHAT IS A BALANCE SHEET?

WHAT IS A BALANCE SHEET?

WHAT IS THE BALANCE SHEET USED FOR?

WHEN SHOULD THE BALANCE SHEET BE DONE?

WHAT IS THE STRUCTURE OF THE BALANCE SHEET? WHAT DOES IT CONSIST OF?

WHAT ARE ASSETS AND LIABILITIES IN ACCOUNTING? AND EQUITY?

Assets

Liabilities

Shareholders’ Equity

OTHER ANALYSES POSSIBLE WITH THE BALANCE SHEET

HOW TO DRAW UP A BALANCE SHEET?

HOW IS THE ACCOUNTING REPORT PREPARED?

IS THE ACCOUNTING REGISTER COMPULSORY?

WHAT HAPPENS WHEN THE COMPANY DOES NOT HAVE THE BALANCE SHEET AND ITS BOOKS?

HOW TO CALCULATE THE MAIN BALANCE SHEET INDICATORS?

Income indicators

Liquidity Indicators

Debt indicators

How to calculate the net worth in the Balance Sheet?

HOW TO ASSEMBLE THE BALANCE SHEET IN PRACTICE (STEP BY STEP)

WHAT IS THE BEST WAY TO MAKE A BALANCE SHEET WITHOUT ERROR?

DEBTS AND FIXED INCOME

IS IT STILL WORTH INVESTING IN FIXED INCOME?

IT DEPENDS ON HOW INFLATION IS

IT DEPENDS ON WHAT YOUR FIXED INCOME INVESTMENT

IT DEPENDS ON HOW YOUR PORTFOLIO IS DIVERSIFIED

PRIVATE PENSION PLAN

IS IT WORTH TAKING OUT A PRIVATE PENSION PLAN?

PENSION PLANS: WHAT THEY ARE

OTHER OBJECTIVES AND COVERAGE

CLOSED PLANS OR PENSION FUNDS

WHAT HAPPENS IF THE PARTICIPANT LEAVES THE SPONSORING COMPANY

INSURANCE AND RISK COVERAGE

OPEN PLANS

TAX BENEFITS OF PRIVATE PENSION

1. There are no quota-eaters

2. Two forms of taxation

3. Possibility of deduction in the income tax return

DIFFERENCES BETWEEN PGBL AND VGBL

FOR WHOM THE DIFFERENT TYPES OF PRIVATE PENSION ARE INDICATED

Landmarks

Cover

Title-Page

Copyright-Page

Table of Contents

PRESENTATION

Vitor Mendonça Prado is founder and managing partner of CAVI Participações e Empreendimentos Ltda, lawyer and founding partner of Mendonca Prado Advogados, Founder and CEO of Global Investors Club, businessman, speaker, mentor, advisor and investor.

Vitor Mendonca developed an executive-level vision of key objectives and results, taking advantage of a structured approach to solve complex, multidimensional problems, prioritizing solutions based on impact, feasibility and time. He has deep international experience in venture capital & private equity, growth strategy, sales, law, investing, due diligence, consulting, venture capital and private equity, marketing, direct-to-consumer business models, business strategy and research.

Primary market, corporate structuring, multi-million-dollar tax and international M&A transactions in the automotive, aerospace, information technology, general services, health, education, food and agriculture, clean technology, banking and finance and public services sectors.

At the age of 18, Vitor Mendonça founded his first company, CAVI (Non-Regulated Fund) in São Paulo, where he successfully evaluated and closed private equity real estate transactions in the interior of São Paulo, around strategic airports. After completing two bachelors (Business Administration and Law), at the age of 23, he became a lawyer in Brazil.

At the age of 24, he founded Prado Capital Group, a $ 300m venture capital fund, in New York City and London, and completed a master’s degree in international tax law at King’s College London. One year then, at the age of 25, he abandoned his master’s degree in finance at Harvard University and moved to New York City to focus on his career in the company itself, Prado Capital Group - fund of venture capital fund. I was also an M&A corporate finance professional at PricewaterhouseCoopers, structuring multimillion dollar international M&A transactions.

He worked as a sales consultant for an Israeli digital marketing company at the beginning of my career. He was also an intern at the São Paulo Court of Justice and at a boutique law firm.

Advocacy, both in São Paulo, Brazil. Is proud to work for a non-profit organization TECHO in Brazil. TECHO (Spanish word for “roof”) aims to fight poverty supervising the construction of emergency transitional housing and implementing social empowerment for families in need.

He worked for the Pajama program in New York City, offering the magical gifts of pajamas and books, bringing a careful bedtime ritual into children’s lives. Vitor Mendonça continued supporting TECHO and working to increase its visibility in the United States, United Kingdom, Europe and

Latin America. He is a partner at Êxito-Latin American Institute of Entrepreneurship and Innovation. Vitor Mendonça Prado is a representative, investor and mentor at FasterCapital (Startup accelerator based in Dubai). He is also a member of the ANPPD®️-National Association of Data Privacy Professionals and mentor at BBX

Brazil, evaluator and consultant at 100 Open Startups, member of the special commission for studies of legislation in creative entrepreneurship (Startups) of OAB-SP and business consultant at Methode Consultoria.

Vitor Mendonça was a speaker at Silicon Valley Innovation & Entrepreneurship Forum and Angels Global in Silicon Valley in 2015. In the same year he was a guest speaker at Protohack in New York City. Ran two 42 km/21 mile marathons, one in Rio de Janeiro, Brazil in 2013 and the other in Madrid, Spain in 2014. Lived, studied and worked in London, New York, Boston, Palo Alto - Silicon Valley, San Francisco and San Diego; He speaks English and Portuguese fluently. He has intermediate Spanish and basic Italian.

In addition, he leads the law course for companies and startups, for entrepreneurs and entrepreneurs. He is a vegetarian and his hobbies are traveling, philanthropy, art paintings, wines, sailing, exercise, reading, golf, triathlon, cooking and spending time with the family.

In thanks to Claudia Cristina Rodrigues de Mendonça Prado, Luiz Carlos do Prado, Andressa Mendonça Prado and Ígor Soares Prado.

FINANCIAL ORGANIZATION

FINANCIAL CONTROL SYSTEM

There is a financial control system that everyone should use, it works perfectly, it’s called 60%,20%,20% that if you add it up will give 100%, you take hypothetically a net salary of 10 thousand reais, of course that to earn 10 you must earn about 13 thousand, that from tax comes out 10 thousand clean, the money will be separated in the following way, the first 20% will give you 2 thousand reais, you will classify it as investment, where 10% is called financial cushion and 10% is application, you will divide it when you start saving, what does financial cushion mean? For example, after 12 months you will have 24 thousand saved, in case you make a return, do a CLI, CLA, don’t try to use the stock market if you have little money, it is better a safe application, you will have about 26,500, let’s round 28 thousand just to make the math easy, you divide it by two, you would get 14 thousand Reais for projects and 14 thousand Reais for investment for more or less 10 years, you can increase this investment or you cannot increase this investment, of these 14 thousand it is compound interest, you will not have 140 thousand after 10 years, you will have about 360 thousand after 10 years, you can have only this or you can pass the million very easy, basically it works like this, of the 14 thousand project that you are going to organize from now on, these 14 thousand are cool projects for your life, for example, in the first year of the 14 thousand you are going to change your car, get the money and change your car at sight without any problem, you can do a house remodeling, year after year you are going to do projects so you don’t get in debt or you are not in any project and from the 14 thousand of the project, apply on the 14 thousand of the investment, after 10 years if you double it, it doesn’t change to 720 thousand, it changes to more than 1 million, so you have to know which way you are going, in 10 years you can change your car a couple of times, you can evolve your car little by little, remodel your house, start to have a totally different life, all this with only 20%.

The other 20% you call fixed account, look how interesting it is, what the hell is a fixed account? A fixed account is the payment for your house, for your car, they are effectively fixed payments, which have a beginning and an end, no matter how long they are, and they have to be small, that is why the value is small.

The 60% are classified as day-to-day, for example, if you don’t have a house financed, the rent goes into the 60% classification, that’s why I prove that it is better to pay rent than to finance a house, rent is cheaper than financing a house, but the poor person’s head is like this “I’m throwing money away”, of course not, if you finance a bad house you are going to buy, A shitty house and you have the perspective of improving your life, you buy the house, finance it, it loses its value and then you have to change it, it’s a big mess, so it is better to pay rent, “I am giving money to others”, poor people’s head, stupid people’s head, I’ll prove it to you and change your opinion in two straws, buying a house is an accomplishment, it is not a necessity, it is an accomplishment. From the 60% are the child’s school, shopping, credit cards and everything else, you have to come and pay your bills of the day here, with 60%.

Of the fixed ones, my advice, don’t do everything at once of the 20%, you can’t finance a house with only 2 thousand, so you escape not being able to live, after I change the technique for you, I show you that if you take the financing of a house and pay 6 thousand in financing a house, you end up being very tight, paying a lot of interest, so it would be better to pay 1,500 of rent, you organize yourself doing this here, “so after I follow this pattern my life will work out?” I have no doubt that it will. It’s interesting that you follow this here, but most people don’t know how to do it, that’s the big problem, have you ever heard that “money attracts money”? If this were true, why do millionaires in the federal lottery lose money? If money brought money, the person would earn 5 million and generate 5 million, the person earns 5 and becomes -5 million, so it is not that money attracts money, the person knows how to manage the money, it is not the much, it is the reasonable well managed, there is the theory that if you earn 2,500 you cannot break financially because no one will lend you money, now if you earn 14,000 everyone wants to lend you money, the bank lends you money, the interest is gigantic and you will end up in colossal debt.

SURVIVAL

If you earn 2,500 reals, your life is one of survival, you have to fight to earn more, it’s subsistence, I’ll prove it for you, a family of four people living in a low class neighborhood, a standard amount of rent between 600 reals, if you finance a basic car, you end up spending 400 reals on car financing, nothing on private school, better public school, spending on the children per month, not only on food, spending a few things per month, about 300 reals, 4 people, how much do they usually spend at the supermarket? Usually 700 reais.

Paying the house bills, electricity, water, telephone, let’s put it at 200 reals, now personal expenses, father and mother, like gasoline, going out to do something, personal care like hair and nails, personal expenses are about 400 reals, adding it all up, there are 2,600 reals, I have 100 reals of deficit, I don’t have leisure time, I don’t have car insurance, but I have IPVA, IPTU, what can I do to pay, I don’t have much to do, it can even get worse, if I contribute to social security, when I retire, I won’t retire with 2,500, I will change more or less 1,500, what can I do? Once again there is not much to do, another expense is the pharmacy and the public hospital, and there is no construction work in the house. If you want to improve you have to work hard and study, it’s crazy, but one day you’ll be happy.

CAN YOU GET RICH AS A PUBLIC SERVANT?

It is a silly accusation when people say that you can’t get rich as a public servant, let’s take a character and call him Cesar, when he was 19 years old, today Cesar’s salary is 0, at 23 he is working for the federal road police earning 15 thousand net as a public servant, trying to conquer the world all at once like a house, a motorcycle, a car, he will end up broke, the first thing he will do, Rent a nice apartment, paying 2 thousand in the apartment, not even buy a car because it will go to the border, the car he will drive is a car, I’ll give a deadline of 23 to 33 years, a lot of struggle will show the financial independence of Cesar, the 15 thousand, separates 5 and will spend 10, now comes the rule very simple, adding 5 thousand nominal, will give 60 thousand per year, with interest at 12% per year, will have 68 thousand at the end of the year, this counting compound interest, compound interest

Brazil, if it doesn’t fix social security, will owe 7 trillion in debt, converting it, it will save 4 trillion, so compound interest is a danger for both you who are paying and good for when you are receiving.