Entry 236-1 Build in Public 2 min ↩ back to the timeline

Every move leaks

Day one of real accounting reveals a thesis: money loses a little at every transaction, a leak, una fuga, and the job is to plug the holes. Wise charges per transfer with discounts on larger ones, so three one-million transfers cost more than one three-million transfer; each dollar-to-peso and peso-to-dollar conversion shaves a bit, so cloud services should be paid dollar-to-dollar; Colombia's 4x1000 tax bites every account except the one you register as exempt; and Bancolombia-to-Bancolombia is free. The optimization: send one big transfer to the Bancolombia business account and distribute from there. Plus the DIAN-tidiness move: separate Julia's account from Juan's, because a couple sharing one raises tax-authority suspicion over time.

video fuente → Source video thumbnail
Source transmission · “0 to 1 Million” diary

// trace: where this idea came from

The investment landed, and with it the first day of real accounting, which surfaces a thesis: money loses a little at every transaction, and the job is to find the holes. Juan calls it a leak, “una fuga,” and the image is exact, “cuanto más se mueve la plata, más se va sacando un poquito” ▸ 17:31. Every hop, every conversion, every tax is a small friction, and the optimization is to move the money as few times and as directly as possible.

The specifics form a map of the leaks. Wise charges per transfer with a discount for size, so three one-million transfers, at say ten dollars each, cost thirty, where a single three-million transfer costs one fee ▸ 14:16. Currency conversion leaks twice, dollar to peso and back, so cloud services billed in dollars should be paid dollar to dollar, a DollarApp card the candidate for that ▸ 17:57. Colombia’s 4x1000 tax skims four pesos per thousand off every account except the single one you register as exempt, which is why locals keep one main account ▸ 19:01. And Bancolombia-to-Bancolombia is free ▸ 18:46.

mueve la plata pocas veces y directo →

The route that plugs the most holes: one big Wise transfer into the Bancolombia business account, then free internal distributions to each founder ▸ 18:38, rather than routing through a personal account, which Gemini warns turns into a bookkeeping nightmare when the DIAN asks why a million-peso salary looks like three million in income ▸ 15:31. The same logic drives the day’s errand: opening a separate Bancolombia account for Julia, because a couple sharing one raises the tax authority’s suspicion over time, and separating them “para evitar dolores de cabeza contablemente” ▸ 21:54. A budget isn’t only what you spend; it’s the sum of what quietly evaporates between accounts…

// continued in

la lista es el activo →

Continues

One distilled teaching per entry, straight from the video diary. Leave your email and get the next one the day it lands.