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Father's best advice: Save. Never borrow. Avoid debts

June 28, 2019 12:03 IST

We'd asked you, dear readers to share your father's best advice.
Rediff reader Varaprasad Kandiraju from Bengaluru tells us what he learned from his late father Ranga Raju.

Varaprasad Kandiraju with his parents

IMAGE: Rediff reader Varaprasad with his parents and son. Photograph: Kind courtesy Varaprasad Kandiraju

My dad's principle and advice was: Never borrow money, whether it's for business or personal use.

He taught me to try and save money, grow slowly and avoid debts, which I followed most of my life.

In October 2018, the exact time I borrowed a huge sum to purchase something beyond my capacity, my dad passed away. He was 75.

I was in debt and missed my dad's guidance.

There was tremendous pressure on me.

I can never forget the incident. I learnt my lesson the hard way.

Debt kills you; stay away from it and be within your limits.

I am teaching the same to my kids.

Saving (money) and avoiding debt is key to a happy life.


What is the best piece of advice your father ever gave you?

It could be an inspiring quote, a life lesson or an incident from his own life.

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Write to (subject: Dad's Best Advice) along with your NAME, AGE, LOCATION and a photograph of your father and you.

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