Being debt-free is the first survival strategy.

in finance •  last year 

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Sometimes, it seems like people don't understand how tough it can be to live as a debtor. Even if there is no inflation, being a debtor isn't something to be proud of. Now, imagine being a debtor while inflation is rocking the World economy. How would you survive that?

Expenses are already building up and it's very normal for people to overlook some expenses especially when they are living on a budget. Having debts that need weekly or monthly servicing at a time like this can drag people to insanity.

This is why I have it as a personal financial rule to try as much as possible to live a debt-free life.


Spanish Version


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A veces, parece que la gente no entiende lo difícil que puede ser vivir como un deudor. Incluso si no hay inflación, ser un deudor no es algo de lo que estar orgulloso. Ahora, imagine ser un deudor mientras la inflación sacude la economía mundial. ¿Cómo sobrevivirías a eso?

Los gastos ya se están acumulando y es muy normal que las personas pasen por alto algunos gastos, especialmente cuando viven con un presupuesto ajustado. Tener deudas que necesitan un servicio semanal o mensual en un momento como este puede llevar a las personas a la locura.

Es por eso que tengo como regla financiera personal intentar en la medida de lo posible vivir una vida libre de deudas.

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