2 minutes
Editorial Invest in Slovakia
Being in debt is terrible. Watching money fall to the bottom of a hole one has dug for oneself is hard. Especially when the result of your toil is actually just a coveted zero.
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You must stay
Whoever has gold and silver left in his purse at the end of the month does well for himself, his family and his king. A man who spares nothing does wrong not only to himself, but also to his family and to his king. Such a person has a bitter heart and this may be reflected in his behavior towards those around him.
Don't buy stuff,
that you can't afford. Therein lies the success of this strategy. It allows you to enjoy life and be financially responsible. It's not a drastic diet, it's just an adjustment in your eating habits.
Reputation is value
2/10 of your income should go here. Debt is a liability. If you default, you pay a penalty. Maybe you'll pay with money and maybe with your reputation. And with a bad reputation, opportunities will find their way to you much harder. Reputation is worth a lot. A good reputation can make you money. A good reputation can get you out of trouble. A good name can win you respect. Pay your debts.
Don't be a slave
Bad debt that does not serve as an investment is like slavery. If you owe money, you lose a piece of your freedom because you have committed to work and create some pre-agreed value. By properly managing your money, you can substantially reduce the duration of this condition. Being in debt is terrible. There really is no other word for it. Seeing a noticeable amount of money dwindle from your account each month and head for the bottom of the hole you dug for yourself, only to one day line it up.
In the podcasts, we cover money, productivity, investing, as well as living a fulfilled and abundant life.
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We are interested in how these people think about money, what habits influence their daily lives, what they attribute their success to, but also what their biggest failures in life have been.
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