Step number one, we're going to talk about finance. We're going to talk about your money. So remember how in the introduction I was talking about moving from where you are to becoming a full time entrepreneur, but in a secure way, in a safe way where you maintain your standards of living and your commitments. Because let's be honest, when you're starting with with life, and you don't have many commitments, no mortgage, no kids, no jobs, no rent. It may be easier, and I'm not even sure but it may appear easier to simply say, Well, I'm going to start from scratch and build my own business and make money along the way. But that's probably not your situation, right?

You're probably quite a few years later than this behind this and, and you're looking at your life, which is already established, and you're wondering, Well, hold on. I agree. quit my job, you know, because I have a standard of living, I have commitments, I have bills to pay, I have maybe mortgages on my property or something else on my car. So I'm with you there, I was in the same place. My life was full long, you know, with the banks with the bills and with the holidays and the commitments and yeah, you know, we live and so therefore, we need money to continue to live our life. Because moving to a full time entrepreneur is not about simply leaving and giving up everything you have right now.

Otherwise, you wouldn't be in that course you just make the jump and see what happens. Now, here, we're going to be a bit more strategic, we're going to be a bit more thoughtful about how we approach this transition. So finance. I've made a full course about creating your finance tracker, and I hope you know course if you don't have a look down under my name on this platform, you will find it. And it's a simple quick and I think very cheap course that can really help you. And cheap I mean, affordable, very valuable, but affordable.

That can really help you in getting organized with your finances. So for now, I'm just gonna assume you are there that you're on top of your finances, that you know how much your life is costing you and that you are tracking your finances on a regular basis. So this step of transitioning from where you are to full time entrepreneur is about having a certainty and a full understanding of how much money you need to keep up with your standards of living. So in this step, what are you going to do in one way or another maybe on paper, it may be on x Are you free? I will provide an Excel sheet just as guidance as a tool, but honestly Use whatever suits you the point is not about the tool. The point is about this, this feeling of freedom and certainty that you're going to get by knowing exactly how much you need to keep up with your standard of living.

So what do I mean? Let me explain. I know that in my life right here in Portugal, for me to keep up with my standards of living, I need 3000 euro per month and that will pay my electricity bill, my internet bill, my mobile phone bill, it's going to pay my mortgage for the house is going to pay my my weekly restaurants and, and going out if I wish, it's going to pay for my yearly one or two holidays, for the gifts for Christmas from my family. I really incorporated all I need in terms of, of money and budget to continue to live as I as I was when I was corporate. And I set my targets so 3000 is just myself based on my own standards of living I'm not saying this is the number, you're gonna have your number, maybe higher, maybe lower doesn't matter.

And don't listen to what other people are thinking. just define your own figure. It's very important. Very, very important. Why? Well, because this is going to be your target, you know that when you earn that on a regular basis, you can make the jump, you can make the switch from corporate to entrepreneur.

And it really helped me at the beginning when I set that bar, okay, 3000 This is the minimum I need. And as soon as I secure this, I'm fine. Of course, I want to earn more, of course, I want to increase my standards of living. But this is another question. You know, this is kind of the next step where right now we're talking about security. We're talking about the safety of your family and your comfort.

It's really, really important and if you think about it, that's probably what's keeping you from Changing. Most people look at what they have. And they say, Well, I really wants to live my dream, but I can't sacrifice all the comfort and the security I have built over the years in my current job, right? So we'll define this, actually, how much is it that you really need? Okay, that is step one. This is kind of what I call in the other course on finance.

I call it the bottom line figure, but it's really okay. When you take every expense into account, how much do you need to leave comfortably. Okay, make a pause right now on the video. Take up either the Excel spreadsheet, which is in this platform, which can download right now for free, or take a piece of paper and just start listing all the expenses. Remember, consider your your housing, your bills, consumed, consider your grocery shopping, consider your haircut, your everything you do basically on a regular basis, and you goes through an entire year to really make sure that you, you consolidate in all expenses and then divide this by 12. And this is going to give you one figure.

This is your target. Do you have it