diff --git a/src/components/dashboard/FirstSteps/index.tsx b/src/components/dashboard/FirstSteps/index.tsx
new file mode 100644
index 0000000000..ec1473b7be
--- /dev/null
+++ b/src/components/dashboard/FirstSteps/index.tsx
@@ -0,0 +1,77 @@
+import useBalances from '@/hooks/useBalances'
+import { useAppSelector } from '@/store'
+import { selectOutgoingTransactions } from '@/store/txHistorySlice'
+import { type ReactNode } from 'react'
+import { Card, WidgetBody, WidgetContainer } from '@/components/dashboard/styled'
+import { LinearProgress, List, ListItem, ListItemIcon, Typography } from '@mui/material'
+import CircleOutlinedIcon from '@mui/icons-material/CircleOutlined'
+import CheckCircleRoundedIcon from '@mui/icons-material/CheckCircleRounded'
+
+const StatusItem = ({ children, completed = false }: { children: ReactNode; completed?: boolean }) => {
+  return (
+    <ListItem disableGutters>
+      <ListItemIcon sx={{ minWidth: 24, mr: 1, color: (theme) => theme.palette.primary.main }}>
+        {completed ? <CheckCircleRoundedIcon /> : <CircleOutlinedIcon />}
+      </ListItemIcon>
+      {children}
+    </ListItem>
+  )
+}
+
+type StatusProgressItems = Array<{
+  name: string
+  completed: boolean
+}>
+
+const StatusProgress = ({ items }: { items: StatusProgressItems }) => {
+  const totalNumberOfItems = items.length
+  const completedItems = items.filter((item) => item.completed)
+  const progress = Math.ceil(completedItems.length / totalNumberOfItems) * 100
+
+  return (
+    <>
+      <List disablePadding sx={{ py: 3 }}>
+        {items.map(({ name, completed }) => {
+          return (
+            <StatusItem key={name} completed={completed}>
+              {name}
+            </StatusItem>
+          )
+        })}
+      </List>
+      <LinearProgress color="secondary" variant="determinate" value={progress} sx={{ borderRadius: 1 }} />
+      <Typography variant="body2" mt={0.5}>
+        {progress}% completed
+      </Typography>
+    </>
+  )
+}
+
+const FirstSteps = () => {
+  const { balances } = useBalances()
+  const outgoingTransactions = useAppSelector(selectOutgoingTransactions)
+
+  const hasNonZeroBalance = balances && (balances.items.length > 1 || BigInt(balances.items[0]?.balance || 0) > 0)
+  const hasOutgoingTransactions = !!outgoingTransactions && outgoingTransactions.length > 0
+
+  const items = [
+    { name: 'Add funds', completed: hasNonZeroBalance },
+    { name: 'Create your first transaction', completed: hasOutgoingTransactions },
+    { name: 'Safe is ready', completed: hasNonZeroBalance && hasOutgoingTransactions },
+  ]
+
+  return (
+    <WidgetContainer>
+      <WidgetBody>
+        <Card>
+          <Typography variant="h4" fontWeight="bold">
+            First steps
+          </Typography>
+          <StatusProgress items={items} />
+        </Card>
+      </WidgetBody>
+    </WidgetContainer>
+  )
+}
+
+export default FirstSteps
diff --git a/src/store/txHistorySlice.ts b/src/store/txHistorySlice.ts
index d9717d0a3b..bf7d0fb8fe 100644
--- a/src/store/txHistorySlice.ts
+++ b/src/store/txHistorySlice.ts
@@ -1,6 +1,7 @@
 import type { listenerMiddlewareInstance } from '@/store'
+import { createSelector } from '@reduxjs/toolkit'
 import type { TransactionListPage } from '@safe-global/safe-gateway-typescript-sdk'
-import { isTransactionListItem } from '@/utils/transaction-guards'
+import { isCreationTxInfo, isIncomingTransfer, isTransactionListItem } from '@/utils/transaction-guards'
 import { txDispatch, TxEvent } from '@/services/tx/txEvents'
 import { selectPendingTxs } from './pendingTxsSlice'
 import { makeLoadableSlice } from './common'
@@ -10,6 +11,12 @@ const { slice, selector } = makeLoadableSlice('txHistory', undefined as Transact
 export const txHistorySlice = slice
 export const selectTxHistory = selector
 
+export const selectOutgoingTransactions = createSelector(selectTxHistory, (txHistory) => {
+  return txHistory.data?.results.filter(isTransactionListItem).filter((tx) => {
+    return !isIncomingTransfer(tx.transaction.txInfo) && !isCreationTxInfo(tx.transaction.txInfo)
+  })
+})
+
 export const txHistoryListener = (listenerMiddleware: typeof listenerMiddlewareInstance) => {
   listenerMiddleware.startListening({
     actionCreator: txHistorySlice.actions.set,
diff --git a/src/utils/transaction-guards.ts b/src/utils/transaction-guards.ts
index 06b1591131..817dca0591 100644
--- a/src/utils/transaction-guards.ts
+++ b/src/utils/transaction-guards.ts
@@ -100,6 +100,10 @@ export const isOutgoingTransfer = (txInfo: TransactionInfo): boolean => {
   return isTransferTxInfo(txInfo) && txInfo.direction.toUpperCase() === TransferDirection.OUTGOING
 }
 
+export const isIncomingTransfer = (txInfo: TransactionInfo): boolean => {
+  return isTransferTxInfo(txInfo) && txInfo.direction.toUpperCase() === TransferDirection.INCOMING
+}
+
 // TransactionListItem type guards
 export const isLabelListItem = (value: TransactionListItem): value is Label => {
   return value.type === TransactionListItemType.LABEL