Young Investor Seeks Advice Amidst Debt: Expert Recommends Diversification

Managing Debt and Investing Wisely: A Financial Expert's Advice A 25-year-old in Spain is facing a significant financial challenge: a €70,000 debt while earning €4,000 net monthly. Seeking guidance, he turned to financial expert Rubén De Gracia, whose video advice has gained traction online. De Gracia emphasizes the importance of addressing the debt first, suggesting negotiation to lower the interest rate, "because if it's fixed, you're paying a bit too much for the current market." He then advises diversifying investments, recommending a mix of MSCI World and SP500 funds, with a smaller allocation to fixed-income instruments to balance risk and growth. The expert notes that while the SP500 offers potential for higher returns, it carries concentration risk due to its focus on American growth companies. The video's popularity highlights the widespread interest in accessible financial advice.