As a lawyer, I have been in contact with a lot of recovery lawsuits and this has aroused my curiosity to better understand why so many people are in debt.
According to Serasa, by August 2023 more than 70 million of Brazilians had debts, and in the year 2021, the main reasons for default were “Lack of control” and “Borrow the name”.
The research also showed that indebtedness generates various emotional shocks in the indebited people. Insomnia, lack of concentration, reduction of social life, negative thoughts and problems in family relations are just some of the effects quoted by the respondents.
Thinking of this scenario, the question arises: how can we help usual people to have control over their own money and to educate them financially in an accessible, simple and didactic way so that they can reach their financial independence and manage to organize their finances in a simple way?
In the next topics I explain how I did this.