Debt kills people (you could be next)

Learn to save and invest because debt kills.

Written by Irvis Murillo

In the year 2019, in the month of April, we received a very cruel, and sad, but at the same time surprising news; for my 52 year old grandmother had dawned dead after a stroke and cardiac arrest. This news was terrible for us, and it was like a "bucket of water" to our lives. However, the death itself is not what I really want to go into here, but rather the reason why my grandmother died.

Debt kills people (you could be next)

After burying her, her house was empty, and full of papers, and we went to see her things to see what she had, and to see what decisions to make with her things (my grandmother was a widow for many years already, and lived with her mother). When we cleaned and read each one of the documents that she kept in her drawers, we realized that something was wrong, and she had many loans to pay and that she had not paid because she still had "bills" to pay; that is, she had died without paying up to 3 banks for large sums of money, and that generated surprises and discussions in her children. However, the question we all ask ourselves is: Where is this money, and what was done?

I was astonished by the fact that the reason my grandmother had passed away was that he owed a lot of money, and that all the borrowed money had driven him into a depression and finally, that troubled him and caused his death. All of us who have a good heart learned a great lesson: debt kills people.

It is hard to accept, but all that amount of money that my grandmother had obtained, we do not know to this day where it went, why she did it, and where it is invested, and who benefited...questions with their answers taken to the grave. And this same situation happens in many families, and many people die or have poor health in the face of their debts. Just as my grandmother died, so there are many cases all over the world!

If you live in a country where the USD is not your local currency, you can buy USD to protect your investment.

How to have a good money management? To do this, we first need to learn to save and also to learn to invest. The secular job, or the job you have now, or maybe not, is the first step to be able to generate money, and that same amount we have to arrange it to save. For example, if we earn 1000 USD (this amount is only an example), within that amount we have to allocate 10% or 100 USD for our savings.

And if we have this discipline for months or years, and we take care of ourselves; we are going to add that little money and we are going to accumulate more and more. And once we have accumulated a certain amount saved, we can look for investment channels where the idea is that the money saved will grow, and help you overcome the inflation of your country.

For example, a typical investment case is to transform money from your local currency into another international currency such as the US dollar, and depending on the economic situations in your country, you can choose to invest in other financial instruments. And you can grow mutually as you work and save and invest.

This reminds me of when I didn't have a job, and I wanted one; and this same factor may be happening to you at this very moment; I know that not all jobs pay well, and others don't have the same responsibility and the same demands; for there are jobs where no excessive work is required, and others don't, and others are light and earn a lot.

Everything happens, and there are jobs of everything.

Educate yourself as much as you can.

Something that helped me, and above all to get a quality job, was to learn as much as my brain could; I started reading PDFs or books published on the internet, and some pirated to read them, and little by little I was educating myself, and learning to improve every day. And if you are in a difficult situation, and you don't know what to do, the best thing is that you can educate yourself, and create one more learning every day.

Learn about topics that are in high demand

Obviously, if the canoe has already gotten wet, it will be very difficult to get a job, and that is due to your own limitations, and now that age has beaten you, and has given you an expiration date, it will be really hard and difficult for you to get a good job. No matter how much you want to prosper, you will have to be content with the things you never achieved when you had the energy and the will to be able to do something.

That is why I observe so many old people living far below a quality of life; and that is because when they were young, most of them never learned to manage and administer all that they earned. Maybe some earned well, and some did not, but we all have had the opportunity to save and invest so we do not expect dementia right now.

The importance of saving.

Saving is fundamental, but not for our own criteria; since there are people who save, on the one hand, but waste more than they could save elsewhere; and that is a bad education, and an evil habit. You have to learn to save and have a good money management; if your husband or wife has the habit of saving, he or she is partly right, but do not let your money be wasted on the other hand.

Saving is a habit that can be shared as a family.

And this reminds me of an uncle I know; he likes and loves to save, but so much is his concern to save, that he stops eating and dressing modestly, to save every penny, and this attitude is wrong, and arrogant, and should not be part of your person, because it makes you a slave.

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As the bible says, the love of money makes our hearts think only of how much we have and are earning, and we turn away from the useful things that God has for us.

And once we have learned to save, you have to allocate a part of your savings to something that will help you to grow your money, and that can help you to beat the inflation of your country; for example, as I mentioned above, you can transform your local money, in a foreign currency, or maybe invest in cryptocurrencies or shares of companies. But to invest, it is necessary to make you remember that you need to educate yourself.

Remember it is not how much you make and the huge amount of money you make money every month or every day; finances are calculated mathematically and math never cheats; therefore, if you learn how to spend today, mathematically, you will be broke tomorrow (math never cheats).

Article translated from Spanish: Las deudas matan personas (tú puedes ser el próximo)