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Five keys to invest according to a Spanish expert: "I rent and I have no money in the checking account"


Teodor de Mas gives some tips on how to manage family finances. The key, save and not leave the money alone.

Teodor de Mas Valls is an economist and director of investments at Capital Cell, based in Spain, where he has just launched a book with a provocative title: "Making money,

a Jewish-Catalan method to save and get rich"


In his book he tells how his religious education marked the way of saving and investing and gives tips for managing

family finances


"The money should have cost me the sweat of my brow," she affirms in an interview she gave to the newspaper 

La Vanguardia, from Catalonia.

 And he adds that religious education marks a way of life.

They focus on money as a tool to break free on a personal and family level, she explains. 

The economist explains the keys to knowing how to manage family finances and

clarifies that it is "his method, because there are others."

"Make money" Teodor de Mas Valls

save every month

"The main thing is to save each month and, when it accumulates, you have to invest it in assets that give a return", those that, without doing anything, generate a profit.

That saved capital works continuously.

The important thing is

“of what you earn, divide it into four, and then save a quarter”.

Surely what is left will be little, but it is part of the method.

Being able to adapt to living with that amount of money

, wherever and however it is, "even if that means sharing an apartment with other people."

Without family support it can be difficult

, he says that together with his wife they put together a management plan and began to live in an austere way and making sacrifices.

“With my wife we ​​always rented the house, but at the same time we sublet the rooms, so there was always someone living at home”, recalls Teodor.

Today, 24 years later, he has a good estate and continues to rent.

Although he clarifies that he is not against buying a house, he assures that what one can buy does not always coincide with the place where one wants to live.

Borrow at a fixed rate below inflation

He explains that

his method is applicable in Argentina


He recalls an anecdote with an Argentine client, "I wanted to make him understand the depth of the 2008 crisis and the subprime, but my Argentine client laughed and told me: 'this crisis is nonsense, if you want to see a crisis, come to Argentina' , then when I traveled to Argentina I understood the resilience potential they have as a society."

"There is much more merit in surviving in Argentina than in Spain today

, we are still a Latin country, but not so messy", and he says that if one has capital to invest in times of high inflation, it is necessary to pay attention to what the goods that are in a value below the average.


"we must not lose sight of financing, borrowing at inflationary times is usually very profitable

if it is done at fixed rates and below inflation," he explains.

Rent instead of buy

De Mas says that he has not bought his home because his family has the money invested and buying implies, in Spain, delivering 30% of the value and then paying a loan.

You could buy your own house, but that would imply having to sell something else, which would be

decapitalizing to invest in a good that does not give profit


"That's not a good investment, it's better to rent," he says.

Posts to invest in real estate, he affirms that the best purchase is the studio apartment to rent to students.

Not having money in the checking account

To get started with his savings program, De Mas opened a principal account with an investment broker.

In 8 years he managed to save to invest and live with what was left.

"Having money in the checking account does not make sense,

because money does not generate money. "When the money comes in, I take it out and invest it," he says. The key to this way of managing is to save and reinvest constantly.

If I had to invest in Argentina,

I would do it by buying basic things: dollars or euros depending on the cheapest currency, food or consumer goods, in this way it explains that

inflation can be beaten.

Teodor de Mas Valls.

At times it is not possible to save as much as you want, but to keep going you must not get discouraged.

His method, he explains,

"contemplates a stage in which doubts arise, but after this first phase, the first results begin to be seen."

There are times when the family does not understand why they save so much and they question,

"seeing that friends go on a trip or buy something or other is not easy,"

she says.

To diversify

The idea is not to stop working, it is to generate investments that exceed the salary and continue reinvesting


De Mas explains that there are different ways to achieve this, but the important thing to never lose is that

"investments pay off each other",

which implies investing in products that fluctuate in value according to different variables.

When the value of a rental goes down, have stocks that go up.

"There are not many miracles to invest, now there is

crowdfunding, crowlending

and things that are a little more sophisticated thanks to the internet."

His investments are diversified into "stocks, bonds and real estate, then offset with gold, works of art and shares in emerging companies," he says.

The trade-off between investments is crucial, she points out.

You should always have a balanced portfolio.

Fernando J. Genazzini


look also

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All business articles on 2023-02-07

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