Fact: Many Haitian-Americans are addicted to debt and they don't even realize it

Growing up in a country that has nothing, sometimes you come to America and you find yourself addicted to buying unnecessary things on credit. I have something to tell you.

Money Patched Up Piggy Bank
Money Patched Up Piggy Bank

It is a fact: In Haiti virtually everything you need, you gotta have the money first before you can buy it. That's why many people in Haiti have less because credit is almost non-existent. In other words, those with buying power in Haiti have more of what they need and less of what they want.

Take that person who was deprived of credit and bring him to America, he wants the world even if he spends his lifetime paying for it.

Let me tell you something: You cannot enjoy life if you are addicted to consumption and the use of credit. I read this in the book "The Millionaire Mind."

I love these words so much that I wanted to share them as advice for my Haitian-Americans in the Diaspora.

It makes perfect sense. If you are borrowing to make money that's good. But if you are constantly borrowing to consume, you need to stop and smell the coffee.

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Tags: Money, Credit, Saving Money, Haitians with Bad Credit, Haitian Newsletter Articles, Money and Finance

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