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Myths about debt
Dear daughter, The more I talk to people and listen to them about debt, the more I see how many myths are there about debt. Please allow me to explain what I mean by myths about debt. Some people believe that without debt you cannot get rich. Others might tell you that you are missing…
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What is herd mentality
Dear daughter, Today I want to tell you a story that happened to me yesterday related to the term herd mentality. When my wife comes from work, we usually sit and share at least 1 hour talking about our day and things in general. During that period, we don’t allow any distractions or interruptions We…
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Is debt good or bad?
Dear daughter, Is debt good or bad? This is a recurrent question in many people’s lives. There are many opinions regarding this question. Here, I want to give you an idea of how to think about this question. As it happens with many things in life, the answer is that it depends. Some people consider…
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Is debt worth it?
Dear daughter, This is a common question nowadays, is debt worth it? There is a short answer for it, I’ll recommend you not to borrow money. But as with almost anything in life, it depends. Let me give you a few examples so you can understand my point of view, or at least get more…
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Pay off the debt or invest the extra cash?
Dear daughter, When we have debt, a common question that arises is this one: should I pay off the debt or invest the extra cash I have? The answer to this question can be tricky for most people. In this letter, I’ll explain to you my approach to answering this question, so you can make…
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Never give up
Dear Daughter, Today I want to tell you a story about the importance of not giving up. Once upon a time, there was a lady named Suzy. Suzy was married and had 2 kids. Both Husband and wife had a good job. All looked like a perfect couple and life. What could be wrong? All…
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Making a difference in someone else’s life
Dear daughter, Today I want to tell you the importance of making a difference in someone else’s life. Once upon a time, there was a lady called Mary. A single mother with 1 daughter. Mary’s daughter had a university degree in Human Resource Management. Mary was a cleaner at a well-known company. She was the…
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How to choose a career path?
Dear daughter, Choosing a career path is a very important decision, especially when or if you have to decide what to study at the university level. Why is very important? Because it is what you will live from. At least at the beginning. From time to time a read about people recommending careers, and changes…
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What is a mortgage?
Dear daughter, Today I want to tell you about mortgages. Yesterday, I had a conversation with a couple of friends, and I found out that they don’t know what an amortization schedule is, or how much they have to pay in interest even though they both have a mortgage. And because of this, I want…
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A social meeting with newly made friends
Dear daughter, Recently, I finished a project that involved several people. At the end of this project, I was invited to a social gathering to celebrate the success that we had in the project. In this meeting, I meet new people. Very nice people by the way. They had different backgrounds: a salesperson, another worked…
These letters are for you