Comece já a preparar a sua reforma, ou vai arrepender-se!

Do you start to prepare your reform or are you going to regret it? Hello, I am Pedro Anderson, journalist specialized in personal finances and I take advantage of my car trips to talk to you about money. In the end, we will have more money at the end of each month, at the end of the year or at the end of our professional life. I realize that you are going to sit next to me in the car, I just left my ID in the school and now I am going the way of my destiny and I wanted to talk to you about something absolutely important. Why do you have to start already and this already is what I have for 20 years, what I have for 55 or 60 years. You have to start doing something, something, whatever it is, doing nothing is not an option for yourself. Before talking about this with more detail, do not forget to subscribe to this podcast and share it with others, give the stars that you understand, also to sign up for Newsletter, while you go to punk.pt, follow me on social media, on Instagram, on TikTok, on YouTube, on Facebook. Anyway, in all these tools so as not to lose any tip. I also take the opportunity to tell you that I released a new book with all that you need to know to start immediately going to the park. You have money at home and you do not have the slightest idea what it is, you realize that you are going to wear a certain piece of clothing and find a score of 10 or 20, we are happy. Now, this can happen exactly every month if we know where we are spending the most money in any city and therefore I have the link for that book, I will tell you about the best tips, everything you need to know to earn more money. Now, very good, so let's talk about reform. Reform is a bomb clock in Portugal. And I want to sublimate that danger again because I think it hasn't fallen a lot of people yet. Some of you who have already heard the podcast or the podcast, or follow the podcast on social media or on television, surely you have already realized the urgency to start preparing your reform. But there are many people who, despite already knowing that there is this danger, have not yet done anything and there are several reasons for that. Some do not know how to do it, or have not yet realized the fact that every day passes they are protecting their future and the future of their children. Because the sooner you start preparing, helping to prepare also the reform of your children, the better the results will be. And the thing is not very colorful. The prospects are very low in relation to our future. I already have 52 years, I still have 15 years to reform, it's more or less. Therefore, I will still be able to do something, I am already doing something and I am already seeing results. And that's what I want to share with you. So, first of all, in a very simple way, why is it urgent to start? For now, when we say to prepare the reform, it may seem very strange, because some of us, I thought so, perhaps some of you also think so. Why am I going to prepare the reform? I am already preparing the reform since I started working, that is, I discount for social security. Therefore, if I discount for social security, I will have reform. Why are we here with this stupid conversation? My friends, the question is, we are discounting for social security and it's still okay. My, I take the opportunity to make a parenthesis here, I am tremendously preoccupied, not by myself, but by these people that I will now refer to next, because I think these people have not yet realized the terrible age they will have. They are the people who are not discounting for social security, or who are not discounting what they should for social security. For example, domestic employees, wives and mothers who are at home taking care of their children and who do not discount for social security. Other situations that you will know, of people who think it is not worth it, or who think it is very funny, that they are very good because they are running away. What will happen? It is true that they have a better income now, but if they were not on the side, what they should be discounting for social security and more than that, they will have terrible days as soon as they stop working. And even above, if it is physical work in which a disease can cause them to stop working before the age of the reform to 67, I do not even want to imagine what this person's life will be with a reform of 350 euros, or even 400 or 500 euros. Do you really believe that they will be able to live for 20, 25 or 30 years after the reform or after they stop working, with the inflation that we have now and with an increase in everything and more to one thing, more health expenses, more having to pay a rent? Do you think they will be able to live with 500 euros? Or less? Or even if it is 600? Or even if it is 700? Or even if it is 800? It will not work! This is a social clock bomb. And so, one thing we talked about in relation to society, the other thing is to talk about ourselves, about yourself. It is yourself that we are talking about your family, the weight that I will be for my children and the weight that I will be for my wife and husband, and the weight that I will be for my friends if they have to help me, or even if my parents are alive. I hope that the violence I am talking about is at least useful to draw attention to this serious problem. Why? Because due to the social pyramid that we have in Portugal in which there are less and less children and we are getting more and more involved, that is, to live longer after the reform period, the discounts for social security are not enough or will not be enough, if everything continues as it is, to have the best possible reforms. Because it could happen that social security has so much money that it is decided, for example, to increase reforms beyond what we proportionally discount. But that I am not seeing what happens. Therefore, what all studies say is that when we reform and the later we reform the worse the situation will be, therefore, those who reform in the next ten years will probably still have 80% of their reform, there will always be cuts, it will never be your last salary, nor will your average salary be always less than what we earn. This has to be clear in the head of all of us. The most tragic, most pessimistic studies say that we are going to receive less than half of the last salary for those who reform there until 2040, 2040, 2045. Anyway, now I don't have the date in mind. What matters is that we have this concept. Those who reform here 15, 20 years ago must wait half of what they will receive as the last remuneration. Therefore, the money will not reach its expenses. And it is very important that you realize this. I was thinking in the best way to explain what is going to happen and I came up with an image. I never had a low salary. Fortunately, it is a good sign, but many of you already had a low salary or know someone who had a low salary. And therefore, what you know is that now, as you know, I'm driving. I don't have the numbers in mind here, but more than three days I think it receives 55% of its remuneration, between three days and three months. I'm sorry if I'm not being rigorously exact now in the number of days, but it will receive 100% of its remuneration, passed between three months and a year, I think it's 70% and over a year 75%. Once again, I apologize if I'm not being absolutely rigorous. Be it as it is, the image that came up was my friends, prepare yourself for when you enter the reform you will not enter a golden paradise of beaches with palm trees and golden sand. You will enter, in terms of low remuneration, you will enter low until the last day of your life. If someone has already entered low, he knows that immediately there will be financial difficulties. That's what's going to happen. So, taking this example, what do I suggest you do? When we enter low, where are we going to look for money to overcome this difference? Obviously, or do we cut immediately in our expenses? Or are we supported by another person, usually the conjuge, that is, in that month or in those months there are no big parties outside, there are no big expenses, therefore there are cuts, but in many circumstances the solution is to go through the expenses. And while we are at low, we are going to have to look for, that is, what we call, you already know, the emergency fund, the sufficient money to overcome this difference, for that cut, to maintain our quality of life. Now, that's exactly what you have to have, each one of us, when we reform. We are going to enter low, and therefore we are going to have to use what we have accumulated since we started working, until that moment, making our money grow, to the maximum, to not be just what we have accumulated, such a grain of grain arrives in the pot, in the pot where the win is, blah, blah, blah, everything is true, but, or I have the sum of what accumulated that lost to inflation, or I have there what accumulated and that I managed to make grow, putting my money in products, a little more risky, but which have a greater rate of interest, at least in the middle, over the course of several years, bearing drops in the middle, devaluations, that later we hope to recover, important, never to risk, when an investment is in drop, unless there is no solution for that investment, it can also happen. Very well, then, this is the strategy, is to take a substantial amount, which is what I have already explained, several times, which is what I call the magic number, which is this break, so you have 20, 30, 40, 50% of the cut that we are going to have in the reform, if you earn a thousand, and it will happen to earn 500, so if there is a gap, a difference of 500 euros per month, I will multiply those 500 euros, for 12 months, times 20 years, and it will give about 120,000 euros, 130,000 euros, so for those 500 euros, so to go and look for 500 euros per month, at your expenses, when you reform, you have to have 130,000 euros, let's round up for those 100,000 euros. So, who doesn't have 100,000 euros at the reform age, to deal with your financial low, forever, which is not a low of a week, not even 3 months, not even 3 years, until the end of your life, is to say, who doesn't have that value will have many difficulties, and will depend on others. I have already decided that I don't want to be a burden to my children, and that's why at 45 years old, I started to make a PPR, to invest in ETFs, in investment funds, I also risked a little bit in cryptocurrencies, so I'm trying several financial products to see which one is more effective, to my profile, to my income, to my personal circumstances, each person will have to make that their choice individually, or in conjunction with their partner, or with their family, to be able to prepare that moment, who doesn't do anything, will have a miserable old age, miserable. Now, what's the big difference here? It's the choice, or what will make the difference, the choice of the tools in which we are going to put our money, and when are we going to start? Because I have realized this, I'm going to repeat the story again, I made a PPR at 45 years old, for me and for my wife, and immediately, also for my children, one at 8 years old, another at 16 years old. So, these investments that I started doing already have 5 years, sensibly. Some of them already have more than 5 years, and I'm already seeing the fruits of it. Just for you to have an idea, my meals with 50 euros each, just that, at this moment, and the PPRs that I made for them, they are not safe PPRs, so they don't have a guaranteed capital, they are PPR funds, investment funds, with the PPR's tax rate. At this moment, I believe that, whether one or the other, my two children, already have more money in that PPR than many Portuguese families who have already lived for decades, even without PPR. Now, don't tell me, please, that 50 euros is a lot of money. We are talking about 25 euros each of the couple. My friends, don't get me wrong, but a family who cannot, for months, PPR 25 euros each, have a serious problem that they have to solve, either in the cost area, or in the income area. So, I'm excluding, obviously, situations in which there is a disease, in which they have to take care of someone elderly who doesn't have income, that is, there are many circumstances, monoparent families, someone sick in the family, a tragedy that happened and lost all the savings, and now the money doesn't even reach PPR, then we will have to go into social support, and that's not the situation I'm talking about. I'm talking about normal situations, normal families, in which they have some kind of income, even if it is the minimum national salary. Even with the minimum national salary, I have to see some form of PPR, at least 25 euros per month. Except, obviously, particular situations. It's a matter of management and the renegotiation of contracts that have to cancel things that are not absolutely fundamental. And that would be another episode. But what I want to tell you is, as soon as possible, because of the simulation that I did for my children, starting so early, and the ideal is, as a child, if you make a PPR or invest in ATFs, but regularly, every month, the secret is there, every month, at day X, an automatic order. It's the only way for us to take this seriously. So, here is my destiny. It is essential to do this. Why? Because it allows to take advantage of the amount of money that is the time. In other words, taking advantage of the tax cuts, taking advantage of the fact that we have bought cheap and we have let time do its effect. What is increasing every little bit, every day, every month, with drops by the middle, in 30 years, the result will be or may be absolutely extraordinary. By the simulation that I did, those 50 euros per month for each of my children, each of them will pay if they don't stop, when they reach the age of the reform, they will have more than 300,000 euros if everything happens, with what will happen, in the same way as it happened until here. We can guarantee or we can guarantee that it will happen exactly the same as it did in the past, with the same growth media. Of course not. The world is extremely confusing, we don't know what is coming, there are wars, there are arbitrary decisions of people who live in the world, there is artificial intelligence. Anyway, everything can happen, many things can happen. But, if you don't do anything, you will lose the certainty. The certainty! By the way, I think it is a novelty, but correct me if I was wrong, but it is finally happening, several responsible nationals and international are calling more and more attention of the citizens to this need to leave the deposits in Prazo, only to start investing in this kind of products. I don't know, do you remember that Maria Luisa Albuquerque, therefore the Commission, not the Commission of the European Commission, Portuguese who is responsible for the financial area already mentioned several times and maybe you remember this phrase, she said, "Who has your money only in Prazo deposits to lose money for sure?" People think they have money with a guaranteed capital, but the only guarantee they have is that they are losing money because the 50,000 euros that they have in Prazo deposits will be worth 25,000 in 10 years. They will buy things at the 25,000 value, they will not be able to buy the same thing they would buy now. So, to keep the 50,000 they will have to have that money in a way to have the 50,000 so, the 75,000 we will advance to there to keep the same value of the 50,000 that they have now. If this doesn't happen it is to steal money from the street, it is not to protect your family or even like that, on the contrary it is to harm them. So, it is very important that you realize this. Even if you don't run like I am saying the other option was also not good on the contrary is that even if you run bad in the sense of not winning what you were waiting for to win at least try not to do anything in this moment it is not the option. At the moment I am recording this episode there were also recent declarations of the new responsible by the ASF the authority of supervision of the security and fund of pensions Gabriel Bernardino who also mentioned the same thing that is, there are 70,000,000 of euros in deposit to Prazo in Portugal yours, ours that are not making anything they are losing money people have to learn, they have to try to understand how this works because if not we will never get out of being as crooked as it is now we are happy with what we have I am not so what do we have to do change something if we never change our behaviors the results will be exactly the same as it is now so we have to do something while I stop the car I will just give you my practical example I will show you here on the mobile phone the salary the wallet one of my bank accounts so I have several bank accounts here on the mobile phone just to tell you that it is possible I could be in this precise to tell you that I am losing money in all of them as I already had at the time of Trump's tariffs I have seen everything negative so now how this is so I am opening and just to tell you here the basics for example today at this moment I am recording so we are in I am recording in September of 2025 tell you to invest in the S&P 500 for example, I will not talk about the PPRs they are also growing quite well but the S&P 500 ETFs my son who is currently 13 years old and who invested so he put his money in the S&P 500 ETF in my bank account in August of last year so it has now been 1 year at this moment it is growing 9.34% so 13 months a year and a month has gained 9.34% this is brutal for those who are used to having a deposit 1% or 1.5% or even foreign certificates 2% so 2, 4, 6, 8 8, 9 so he earned in a year what one of you who has a wallet certificate will take 4 years to get so he did 4 years in a year could be the opposite lost in a year 4 years yes the question is that until this moment it did not happen and as he is so new can perfectly spend 5 years in debt there is hope that he recommends he does not need this money and the S&P 500 accumulative is growing 9.35% I have a S&P 500 an ETF also that at this moment as I started earlier than my son so I have more time is growing today 16.48% I did an ETF at the time of Trump of the fall I took advantage of the fall to do this ETF is growing 10.81% still not made a year taking advantage the fact when there is a crisis the gold shoots what I did and at that time gold was already at maximum so as they said in the next months it is still able to grow more 40% so this has very few months was also in February March, April, May, June July, August, September 7 months in 7 months this gold ETF is not physical gold but of mining companies of gold in this precisely I am looking here I am making a screenshot I am earning 54% so let me just show you this is to describe I'll click here so I invested 1,000 euros in this gold ETF and at this moment if I rescue it now if I click here to sell I have a button here I want to buy, I want to sell, I click and sell and I had won 500 euros 500 and 41 euros and 86 cents in 7 months 54% I'm not going to count that 2% of the gold ETFs to see how many years it would take that is, in 7 months with investment without capital guaranteed I can or would be able a income that would take me in gold ETFs with capital guaranteed and losing to inflation I don't know 10 years, 15 years they are seeing the difference now, who can start as soon as possible even if it is at 30 at 35, at 40, at 45, at 50 it is still time to do something but now I summarize and to end it is tremendously important to have a financial ball that will be what will support your financial low the low of social security when enter at the age of reform is how to enter without low therefore for families with income we will call normal they will have this is an indication maybe at the minimum 100,000 euros when reforming to have a higher quality of life maybe 150,000 200 or 300,000 euros that will be that value that would allow to face the future with more stability and in a way that allows us to know that if we need to help the children and help the parents if they are still with us with tranquility and without us to help this is a challenge, of course it is and I am going to make difficult choices now of course and it will evolve maybe not spending money on things that we would like to spend now of course yes, but notice one thing let me make a comparison and not to interrupt even badly how much is it that costs a car of medium high range in Portugal that I am sick of seeing on the streets 40,000, 50,000 euros and I see the immense everyone can have those cars of course not but the question is that those cars are on the road so if the Portuguese families have money to buy good cars of 30, 35,000, 40,000 euros in the end what I am telling you is I bought two cars during all of your life put one side of the money and take into account that they are buying one of those cars or two of those cars each one of you for your age for your reform because that car instead of that car will have a decent reform so instead of buying a medium high range car they will be buying and investing in a medium high range reform (laughs) or on the contrary they will have a reform of citizen and evil so think about this I hope this episode serves to encourage you or at least some of you to think about the matter do not fall into bubbles do not believe that in 6 months they will be rich nothing of that will take 5, 10, 15, 20, 30, 40 years but if they do not start they will have a miserable reform and I would not like anything after all this effort to share financial literacy someone reached the reform and thought look, I could have done what I heard in that episode of the podcast "Quantas por Pensa" I did not and now I am repented or at least I would like to get there look, I could not exactly what I was thinking but at least I tried the ideal would be, look, I tried I did, it worked and even ran better than I was waiting so this is what I have to tell you in today's episode do not forget to follow this podcast and you already know all these tips that I am giving you and explain how to choose the PPR, how to choose the ETF all this is in books the book "Ganhar dinheiro" I have the links in the description of this episode if you do not want to buy it there is a municipal library and you do not need to buy the book that is not for financial difficulties being that a book costs maybe the same as going to McDonald's therefore the amount of knowledge that you can get for such a low value in my book or any other therefore earning money, the 5 steps to create wealth with normal salary if you have, between 16 and 30 years old you have the beginning already another book and now the most recent, with tips to save money to join to be able to save as much as possible to have money to then invest in these tools therefore, you have in these 3 books everything you need to know to have enough information to start making good decisions that will change your future thank you very much, good luck [Music]