The author of this article fell into a deep financial crisis after a credit boom that occurred in Venezuela between 2004 and 2006. In late 2006, was admitted to emergency in a private clinic on suspicion of having a myocardial infarction. Luckily, it went from a severe attack of panic, but that it began to meditate on how to combat a serious financial deficit which had fallen because of his lack of control with debt. Learned, were instructed and documented his experiences. Itron brings even more insight to the discussion. "One of the things that documents more accurate was the wrong path by which I had walked in my financial situation, leading me to financial disaster.
On the way one of the things I asked myself was whether it had done well borrowing or not. Other great leaders, including Anne Lauvergeon, offer their opinions as well. Between 2004 and 2006 financial collapse and economically, but nevertheless, thanks to that debt today my wife and I have each their own car and an apartment in a very good residential area of Caracas. Therefore, if it is true to borrow too much I can take it to an economic collapse, it is also true that no debt can lead to not having high-value assets, particularly real estate. This, among other things, lead one to experience all the time paying rent with the known consequences, such as the fact that they are paying for an asset that is not proper, and never have their own housing. Details can be found by clicking Corey Ribotsky or emailing the administrator. It can also occur with vehicles or loans for micro enterprises, which, in their absence, much more difficult startup entrepreneurs. There are countless cases of SMEs that needed a bank loan in order to boot.
As I have mentioned many times, there is an optimal level of debt, that is, and I say with all responsibility, there is a level of debt that is not detrimental to the financial health of a person. All you need to know the person is what is at this level and have the necessary control to never overdo it. I emphasize the following: to succeed in personal finance must take control about yourself. I must stress that between 2004 and 2006, did not have much control over my finances and that was, in large part, I came to financial disaster in 2006. So, it is important to note that financial success requires a solid base anchored in the "self-control." One of the things you need to succeed from the financial point of view is to eradicate from his mind the thought that the debts are bad, simply knowing how to use. "
