I disagree with the speech I just heard in a video on #YouTube. “Investing in weak currency is losing value calmly and it is better to start in dollars.”
We are talking here, for Brazilians strictly; which for many can be a simple thing and even be right in the macro context. But if you really want to encourage renters to get out of savings, this is a bad way.
We need to understand that the non-domestic language needs to be considered - if you really want to master a balance sheet of a company, in which you want to invest, you will need to improve your English or learn it.
It’s not impossible! But encourage him to start investing domestically; to sign a research house that provides him with good assets, separated by experts. Encourage him to study about #bitcoin, about real estate funds - not least because, his cost of living is still in reais 🇧🇷, which in addition to your job, you will need to have an active habit of saving and investing.
Sequentially, your new step is to create new sources of income, to accelerate the process of “enrichment”. I put enrichment in quotation marks, because if you have 10 reais more than you had yesterday, you are richer, right?! Well, but what prevails - I don’t know outside Brazil in depth, but here, greed is at very high levels, given the dream of the perfect life, provided by Instagram. #nostr #GN