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-Editorial
Developing a strong understanding of saving, investing, and financing is crucial for making sound decisions in everyday life, especially amid an ever-changing economy. That was the central message during a recent talk given by Ricardo Osorio Miranda, partner and director at Rixo Group, at the biweekly breakfast of the Baja California Association of Public Accountants (CCPBC).
In his presentation, titled “Your Finances,” Osorio highlighted common financial mistakes, such as overlooking the impact of interest rates. “Most institutions offer negative real interest rates, which means your money is losing purchasing power rather than growing,” he explained.
He also warned against the illusion of risk-free profits, stating that in legal investment instruments, the relationship between risk and return is inescapable. Osorio noted that currency speculation can be misleading, with many people buying U.S. dollars in hopes of gains without a real need for foreign currency exposure—an often-ineffective strategy.
Instead, Osorio recommended seeking investments with positive real interest rates, using reliable sources for financial information, and leveraging digital tools to improve financial literacy on an individual level.
CCPBC President Dr. Sergio Vázquez echoed these recommendations, emphasizing that the foundation of financial stability begins with the habit of saving, regardless of income level. “Start with saving 10% of your income. If that’s not possible, start with 5%. What matters most is building the habit,” he said.
Vázquez also cautioned against using the U.S. dollar as a default financial refuge, advising that such decisions should be based on actual needs rather than speculation, given the currency’s unpredictable nature and lack of guaranteed short-term returns.