I have been very keen in investing money in various ways. I am so cautious because I had a very good friend who lived prosperously. Due to his poor wealth management skills he lost all his wealth and now he is suffering very badly in front of my own eyes. I invited him for tea one day and discussed a few things with him.  In that brief discussion, I taught him many debt management techniques so that he could face it with ease. He is really a wonderful person but being nice is not enough, we have to be witty enough to fight debts and credits. There are people who are suffering badly due to debts. Some people have the tendency and capacity to pay their interest regularly and reduce their debts on time. But some people are not capable of paying their interests on time and as a result it multiplies to a huge amount in the end.Since I have seen these issues right in front of me, I got warned and alerted myself that it should not happen to me at any point of time.But needless to say is that all those who are in debts must know the nuances of debt management.