Nayo Escobar Podcast 491. Cómo salir del Circulo Vicioso de La Pobreza - Estrella Veloz con Nayo Escobar
Sep 2, 2025
Estrella Veloz, a financial educator and mentor, uses her expertise to help individuals escape poverty. She outlines how clarity in income and expenses breaks the poverty cycle. They define poverty beyond finances, tackle variable incomes, and stress prioritizing essential expenses. Estrella shares innovative side-income strategies and emphasizes investing over saving to combat inflation. The duo delves into financial literacy, the virtues of compound interest, and actionable steps for achieving financial peace, proving that education is a vital investment for growth.
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Earnings Alone Don't Create Wealth
- Poverty is a function of what you do with income, not only how much you earn.
- Without administration and increasing income you stay trapped in a vicious cycle.
Actively Grow Your Income
- Try to increase income beyond your main job by using spare time for side projects or gigs.
- Avoid accepting a fixed income mindset that prevents you from seeking additional revenue streams.
Make Expenses Visible And Fixed
- Track and write down every expense to see your real financial picture and build a budget.
- If your income is variable, use your average or minimum expected monthly income as the spending cap.
