TECNICA DEI 3 CONTI 2024 - Fai esplodere le tue finanze nel 2024

Dommaglio

23 Mar 202407:06

Summary

TLDRIn this video, Don Maglio shares his financial management strategy for the year 2024, focusing on the 'three accounts' technique. He emphasizes the importance of organizing finances through a main account for income, a savings account with Tineba, and an account for investments and living expenses using Revolut or Hype. He also highlights the necessity of an 'entertainment' account for discretionary spending and a separate account for tax savings. The video provides practical advice for optimizing cash flow and achieving financial balance.

Takeaways

📈 The speaker, Don Maglio, uses the 'three accounts' method to manage personal finances effectively.
💰 The primary account is where all income is received and should have free transfers and automation features.
🏦 The primary account is used for essential expenses such as rent, bills, and car payments, ensuring a streamlined financial management.
🚀 Automation is set up to pay the rent and bills without manual intervention, simplifying the payment process.
💹 A secondary free account is used for savings, with the speaker choosing TINABA for its benefits and no account fee.
📊 TINABA offers free current accounts and the option to open high-interest savings accounts, making it a recommended tool for managing savings.
🍽️ A third automatic transfer goes to a dedicated account for food expenses and investments, with Revolut or Hype being preferred for their features.
🧩 The speaker emphasizes the importance of investing a consistent amount each month, using Scalable Capital as an investment platform.
💳 A fourth account is used for leisure spending, with Revolut card chosen for its worldwide ATM withdrawal capabilities.
💡 The speaker highlights the necessity of having a separate account for tax payments, especially for self-employed individuals.
📈 The 'three accounts' method has evolved to include four accounts to accommodate different financial needs and goals.
📊 The speaker's approach to personal finance is about balance, optimizing cash flow, saving, investing, and enjoying life without neglecting responsibilities.

Q & A

What is the main purpose of the video?
-The main purpose of the video is to explain how the speaker, Don Maglio, has revolutionized his personal finance management using the technique of the three accounts.
What are the types of expenses that Italian families typically face?
-Italian families typically face fixed expenses such as mortgages, rent, utility bills, and car payments, as well as discretionary expenses like gym memberships and social activities.
Why is it important to save a small percentage of our salary?
-It is important to save a small percentage of our salary to create an emergency fund or to have some money set aside for unexpected expenses, such as the January gas bill.
What are the two fundamental characteristics that the main account should have?
-The main account should have free bank transfers and should support automations, such as automatic payments for rent, utilities, and other recurring expenses.
Which account does Don Maglio use as his main account in 2024?
-In 2024, Don Maglio uses the Hype Upgradato account as his main account.
What is the role of the savings account in Don Maglio's financial management?
-The savings account, in this case, Tinaba, is used to accumulate savings and is one of the few free current accounts in Italy without a stamp duty, with the tax being covered by Tinaba itself.
How does Don Maglio manage his investment account?
-Don Maglio uses a platform called Scalable Capital for his investment account and invests a consistent amount every month.
What type of account does Don Maglio prefer for his food expenses and why?
-Don Maglio prefers a current account type like Revolut or Hype for his food expenses because it allows for easy management and calculation of monthly spending.
What is the purpose of the leisure account in the three accounts technique?
-The leisure account is used for spending on entertainment and hobbies, allowing for enjoyment and quality of life without guilt, as it contains money that has already covered all major expenses, savings, and investments.
How does Don Maglio manage his taxes as a self-employed individual?
-As a self-employed individual, Don Maglio uses a separate account, Easybank, to accumulate 25% of each invoice received to cover the taxes due for the following year.
What additional advice does Don Maglio offer for those interested in the three accounts technique?
-Don Maglio offers a free, in-depth guide on the three accounts technique for those interested, which can be accessed by following him on Instagram and sending a DM with the word 'guide'.

Outlines

00:00

💼 Personal Finance Management with the Three Accounts Technique

The paragraph introduces the concept of managing personal finances efficiently using the three accounts technique. The speaker, Don Maglio, explains that instead of having one current account for all financial transactions, it's smarter to divide finances into three separate accounts. The first account is the main account where all income is deposited and from which all other financial operations are managed. It should have free transfers and automations set up for bill payments and savings. The second account is a savings account, with the speaker recommending Tinaba for its free current account services and absence of account holding tax. The third account is for expenses and investments, with the speaker preferring Revolut or Hype for their card services. The speaker emphasizes the importance of this method for managing finances effectively and encourages viewers to optimize their cash flow by following these practices.

05:02

💳 Utilizing Account Cards for Flexibility and Necessity

In this paragraph, the speaker discusses the use of account cards for both leisure and necessary expenses. The speaker prefers using Revolut cards for their ability to withdraw from any ATM, making them ideal for gym memberships, travel, and purchasing collectibles. The speaker also mentions a fourth account, which was created out of necessity due to changes in personal circumstances, such as becoming self-employed. This account is used for saving a percentage of each invoice received to cover future taxes. The speaker recommends Easybank for its features and shares a personal strategy of accumulating funds to be prepared for tax payments in the following year.

Mindmap

Keywords

💡Personal Finance

Personal finance refers to the management of one's own financial matters, including budgeting, saving, investing, and planning for retirement. In the video, the speaker emphasizes the importance of managing personal finances effectively to achieve a financially secure life. The use of the three-account technique is introduced as a method to optimize cash flow and financial health.

💡Three-Account Technique

The three-account technique is a financial management strategy that involves dividing one's finances across three distinct accounts: one for everyday expenses, one for savings, and one for discretionary spending. This technique helps individuals to separate their financial needs, wants, and emergencies, leading to better financial control and planning.

💡Current Account

A current account, also known as a checking account, is a type of bank account that allows for frequent deposits and withdrawals. It is typically used for day-to-day transactions and is the account through which individuals pay their bills and receive their income. In the context of the video, the speaker emphasizes the importance of choosing a current account with free bank transfers and automation features to streamline financial management.

💡Savings Account

A savings account is a type of bank account that is designed to encourage saving, usually offering a higher interest rate than a current account. It is intended for money that one does not need to access immediately and can serve as an emergency fund or for long-term financial goals. In the video, the speaker sets up a savings account to accumulate savings and mentions the use of a specific bank, Tinaba, for its favorable features.

💡Expenses

Expenses are the costs incurred in the day-to-day management of personal finances. They can be divided into fixed expenses, such as rent or mortgage payments, utility bills, and variable expenses, such as groceries or entertainment. In the video, the speaker categorizes expenses into fixed and discretionary, emphasizing the importance of managing these expenses effectively to maintain financial stability.

💡Emergency Fund

An emergency fund is a financial safety net that contains money set aside specifically for unexpected expenses or emergencies, such as medical bills or job loss. The goal of an emergency fund is to provide a cushion that allows individuals to meet financial obligations without incurring debt. In the video, the speaker highlights the importance of saving a small percentage of one's income for an emergency fund.

💡Investments

Investments refer to the allocation of money in financial instruments or other forms of assets with the expectation of generating a profit. In personal finance, making investments is a way to grow one's wealth over time and achieve financial goals. The speaker in the video talks about their investment plan and how they allocate a consistent amount each month towards their investments.

💡Automation

Automation in the context of personal finance refers to the use of technology to automatically manage financial transactions, such as bill payments or transfers. This can help to ensure that bills are paid on time and savings are consistently contributed to, without the need for manual intervention. The speaker in the video highlights the benefits of setting up automated payments from their current account to manage their finances more efficiently.

💡Credit Card

A credit card is a payment card issued by a financial company, such as a bank, that allows cardholders to borrow funds to pay for goods and services, with the understanding that the borrower will repay the debt, often with interest, at a later date. In the video, the speaker discusses their preference for using credit cards for certain categories of expenses, such as food and entertainment.

💡Taxes

Taxes are compulsory financial charges imposed by a government on individuals or other entities to fund public expenditures. In the context of the video, the speaker discusses the importance of saving a portion of their income to cover future tax obligations, especially as a self-employed individual who is responsible for paying their own taxes.

💡Financial Independence

Financial independence refers to a state where an individual has enough savings, investments, and other financial assets to cover their living expenses without the need to work actively for income. In the video, the speaker mentions transitioning from being an employee to working independently, which highlights the importance of managing finances to achieve financial independence and stability.

Highlights

The speaker, Don Maglio, shares his method for managing personal finances using the 'three accounts' technique.

The 'three accounts' technique is designed to optimize cash flow, savings, and investment strategies.

The first account is the main account where all income converges, with emphasis on free transfers and automation.

The main account is used for fixed expenses such as rent, bills, and car payments.

The second account is a savings account, with Don Maglio choosing Tineba for its benefits.

Tineba is highlighted as a free current account with no stamp duty, and it also offers high-yield deposit accounts.

The third account is for discretionary spending, including food and leisure, and is managed through a current account like Revolut or Hype.

The fourth account is specifically for managing taxes due for self-employed individuals.

Easybank is recommended as a tax savings account due to its features and benefits.

The speaker emphasizes the importance of having an emergency fund and saving a portion of the salary for unexpected expenses.

The 'three accounts' technique has evolved to include more than three accounts to cater to specific financial needs.

The use of automation in the main account ensures timely payments of recurring expenses without manual intervention.

The speaker's transition from being an employee to a self-employed individual necessitated the addition of a tax savings account.

The importance of considering taxes for self-employed individuals is stressed to ensure financial stability.

The speaker shares his personal experience and practical application of the 'three accounts' technique in managing his finances.

The speaker's mission is to help others manage their money better, invest concretely, and live a financially serene life.

The video provides a detailed guide on how to set up and utilize the 'three accounts' technique effectively.

The speaker encourages viewers to follow him on Instagram for more updates and a free guide on the 'three accounts' technique.