At a time when many families are having difficulty saving for the rising cost of livingthe debate about how to improve one’s personal economic situation is increasingly present. Some experts argue that, even with a low income, it is possible to save large amounts if you adopt good financial habits and maintain discipline for years.
In this context, financial expert Tamara Galimova maintains that achieving economic independence requires, in many cases, accepting long periods of sacrifice. “If your goal is to retire young, maybe for five years it will pay off to have a hard time,” he said in the podcast ‘Rompiendo Esquemas’, where he defended that ability to save and generating wealth depends on discipline and effort over time.
However, while millions of workers face difficulties in covering basic expenses, with salaries that in many cases are around 1,300 euros per month, the country also has more than 1.2 million people with assets exceeding one million euros, according to ‘Cope’. But for Tamara, the difference between them responds to individual decisions and the ability to maintain strict financial habits for years.
Saving with a salary of 1,000 euros is possible
Tamara’s professional career began far from the financial field. At the age of 18, she invested 17,000 euros in training as a Pilates instructor while working as a waitress. That stage, as he explains, allowed him to achieve income close to 3,000 euros per month thanks to the combination of several jobs.
But a health problem forced her to abandon that professional path and reorient herself toward financial consulting. In this new field, he claims to apply the same logic that he learned in sport: economic improvement depends less on specific motivation than on the constant repetition of habits.
“The relationship with money is like physical training. It does not depend on motivation, but on repeating habits for years.”
However, the expert also admits that the rising cost of living hinders the ability to save, but rejects that low salaries make it impossible. “Life is expensive, but saving with a salary of 1,000 euros is possible in two ways: generating more income or reducing expenses drastically,” he says.
The second option involves, from their point of view, decisions that may be uncomfortable for a long period of time, such as sharing a home, moving away from city centers, giving up travel, or delaying the purchase of consumer goods. That temporary sacrifice would aim to save more money to invest and accelerate the path to financial independence.
Rejection of the “complaint speech”
Tamara also illustrates her approach with her own personal experience. “I come from a town where I drew water from a well and ate meat once a week,” he says, emphasizing that for years he had up to four simultaneous jobs and slept only four hours a day.
Thus, from his perspective, he questions the idea that economic position depends mainly on external factors. “Everyone has what they deserve. If you don’t have it, it’s because you don’t deserve it yet or you haven’t done enough,” he says.