Make your money work for you

How to make your money work for you?

Throughout the episodes of the financial independence podcast you will learn how to make your money work for you. Additionally, you will experience an exciting journey about the financial diaries of a millennial on her way to Financial Independence and Retiring Early. Do you know who that millennial is? It’s me, Susana Selles. You are probably asking yourself by now why do you need to hear my story, or most probably, what are you doing in this website, right? The truth is I am here to give you FREE Financial Education Services. You will most definitely benefit from listening to what I have to say if one or more of the following statements are true for you:

  • You worry about money,
  • Your dreams are expensive– or you have expensive hobbies,
  • You are tired to work so hard for a salary,
  • Your personal finances stress you out to the point of despair,
  • You are not doing anything with your money – aside from spending it,
  • You do not know how to make your money work for you.

Financial Independence Podcast

If you have read so far, that means you should stay. If you do stay, you will discover what it takes to become financially independent, which basically means not depending on a job for a living and having money to fulfill your fantasies. I am trying to reach FIRE (i.e. Financial Independence Retire Early) myself – hence the name of my Podcast: Say YES to FIRE: Financial Diaries of a Millennial.  And let me be completely honest with you; when I started my FIRE journey I had practically no money. This story is most definitely one that normal people, like you and me, can relate to. So what do you have to do? Listen, learn and be open to new ideas and making money. Does this sound exciting, maybe even promising? Well, hold on because there’s a whole lot more into it. Let’s start from the beginning.

susanaselles logo

Say YES to FIRE offers you Financial education services – for free!

How did it all start?

One day, a couple of years ago, I woke up and realized that my job is the only source of income that I have. I never really thought about it before that day. I don’t remember exactly what triggered it, but was probably some meme about money. Society makes us believe there are some steps for everyone to follow that are somewhat mandatory. These begin from studying, going to college, then university, and then finding a job. After finding a job, the race is not over, as you spend your life focusing on climbing that corporate ladder until retirement – somewhere on your late 60’s. It stroked me: I wanted more for myself. I want to travel while I am young, I want to learn languages, I want to sleep a lot, I want to party on a random Tuesday and I want to feel and know that I can do that. Money stress creates a real mess [3] and I was fully prepared to get out of that situation. And that’s when my FIRE story began.

What is the FIRE movement?

Fire stands for ‘Financial Independence, Retire Early.’ The FIRE movement is a crusade towards understanding how to make your money work for you and applying it in your day to day. Basically, people who do not want to spend all their life working for money, they opt to follow the FIRE movement [1].

What is my secret ingredient to FIRE?

I’m the type of person who believes that making mistakes is part of self-improvement, and honestly, part from life. People say that I’m a risk-taker when it comes to money, but I fear not, as I firmly belief in learning from one’s mistakes. During my journey towards financial independence I’ve made mistakes, took a lot of (carefully though through) risks but you know what’s the best part of it? I learned from them and all these experiences helped me to further succeed and move on. I learned lessons that Google could not teach me, nor any books. Nothing is comparable to experience, and experience comes from taking risks.

What’s the first thing I did to make my money work for me?

One of the very first things I did was to read the book ‘Rich Dad, Poor Dad’ [4]. , which I highly recommend. It is an eye-opening book for me and it taught me that you do not have to be a millionaire to be independent of your job. My next move? Googling: how to make your money work for you. And I stumbled upon FIRE.

Key concepts of FIRE movement:

One of the key concepts of the FIRE movement is to understand what passive income really is [5]. Trust me when I  say passive income is essential to becoming financially free. To understand passive income, you must first understand active income. Therefore, let’s have a look at passive income vs active income.

Active Income is defined as the money you earn based on the time you put into a job. Active income could be your monthly salary [6] [7].

Passive income is the opposite of active income. Is passive income a money stream you earn without investing your time in a job? Absolutely yes! You receive passive income as an outcome of an investment. [6] [7].

How to build Passive income?

This is actually the most difficult part of it all. Rich Dad, Poor Dad helped me disciver some ways to build passive income. Let’s take a look at the most common ones:

Dividend Passive income:

Dividend passive income is fairly common. Mainly, you get dividends (so a % of your investment) from the company’s stock that you invest in. For dividend passive income you just have to go through the stock markets and purchase a dividend stock. Depending on the company you choose, you get a certain percentage every quarter, every month, or every year. However, it is difficult to find companies that give more than 5% dividend, at least in the US. In Spain, you can find companies that give higher dividends. It depends on the country and the stock market. In order for your dividend passive income to be big enough to sustain yourself, you need to have a big initial investment. Which, disclaimer, I do not have.

Real Estate:

If you’re not aware of how real estate works, let me tell you that investing in real estate means buying a property and renting it out. In this way, you receive the rent every month as your source of passive income. When I first read about it, I was super excited to see how will I be able to do this. But then I saw the market prices of real estate I immediately dropped the idea. Why? Well, I am not able to buy a house for myself to live in, how am I going to be able to afford a house to rent out? [9].

What did I do next?

I wanted to achieve FIRE but I did not have a BIG initial investment. So I started my own research project to find ways to build passive income without having to have a big stash of cash. That is when my engineering mind processed the whole concept and connected the dots. So I proposed a problem statement to myself, ‘How to achieve financial investment without having a big initial investment’. I will be unfolding my findings step by step giving out on the way free financial education services.


You that you do not need to have a big financial base to listen to my Podcast or to read this financial independence podcast blog. You just have to let me help you understand personal finances and investing. Then you need to have trust in yourself and make your money work for you. Finally, do not forget to check out our Pilot Episode: Let’s talk about money.

On my next Blog…

In the next blog, I’ll tell you how I own my personal finances. You need to understand where and how you spend your money each month. Therefore, to build a passive income and achieving FIRE we first need to do a couple of things:

  1. Your personal finances need to be optimized
  2. You need to understand what are your income sources
  3. Monitor your monthly expenses
  4. Identify your savings percentage

The next blog is all about next gen personal finance. And fear not, as I am going to share with you my magical “personal finances” spreadsheet. So you will only have to do the bare minimum.

Spread the love

Leave a Reply

Your email address will not be published.