Comments on: Personal Finance Around The World – Round II https://eliteedgemoney.com/personal-finance-around-the-world/ Money | Minimalism | Mohawks Mon, 03 Sep 2018 22:25:01 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: J. Money https://eliteedgemoney.com/personal-finance-around-the-world/#comment-271043 Mon, 03 Sep 2018 22:25:01 +0000 https://staging.eliteedgemoney.com/?p=57010#comment-271043 In reply to Krystal.

“Can you believe it’s easier to get a credit card than a savings account?” – WOW

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By: Krystal https://eliteedgemoney.com/personal-finance-around-the-world/#comment-271042 Mon, 03 Sep 2018 21:56:36 +0000 https://staging.eliteedgemoney.com/?p=57010#comment-271042 I’m sorry about the late response J. It can be tricky to find time for yourself with a newborn. I’m sure you know that from experience. I think it’s bad that it’s expensive because it’s almost impossible to get a house on your own, so you’re forced to either get a house with a partner or live and add on to your parents house or land. Unfortunately, I’m surrounded by debtors. Debt is sold to us so aggressively. Why should we wait and save when we can get something immediately? Besides, everyone is doing it. Can you believe it’s easier to get a credit card than a savings account? As for growth, we’re pretty stagnant here. Unless something major changes, it’s going to get worse. Especially since our dollar is sliding.

P.S. just let me know when you’re coming so I can make time :)

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By: J. Money https://eliteedgemoney.com/personal-finance-around-the-world/#comment-270549 Tue, 14 Aug 2018 17:55:49 +0000 https://staging.eliteedgemoney.com/?p=57010#comment-270549 In reply to Krystal.

Ahhh… well thanks for the additional insight! Do you find it’s good or bad that it’s super expensive to get one there? I.e. do you see lots of people out of debt, or do you think it hinders growth?

Also – and most importantly – can I come visit you the next time I go out there? :)

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By: Krystal https://eliteedgemoney.com/personal-finance-around-the-world/#comment-270547 Tue, 14 Aug 2018 15:40:14 +0000 https://staging.eliteedgemoney.com/?p=57010#comment-270547 Hey J. I disagree with the statement that physician on fire made about mortgage in Jamaica. I’m Jamaican (currently in Jamaica). It’s not a case where it’s uncommon. It’s just not an easy process to get a mortgage; if you do, the repayment terms are ridiculous. It’s too expensive. Also in most cases you can’t get a mortgage high enough to purchase a home unless you combine with someone else.

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By: J. Money https://eliteedgemoney.com/personal-finance-around-the-world/#comment-270524 Mon, 13 Aug 2018 18:06:07 +0000 https://staging.eliteedgemoney.com/?p=57010#comment-270524 Interesting!!

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By: J. Money https://eliteedgemoney.com/personal-finance-around-the-world/#comment-270523 Mon, 13 Aug 2018 18:05:31 +0000 https://staging.eliteedgemoney.com/?p=57010#comment-270523 In reply to Justin.

There could be worse things to be internet famous for :)

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By: Vishal https://eliteedgemoney.com/personal-finance-around-the-world/#comment-270508 Mon, 13 Aug 2018 16:07:15 +0000 https://staging.eliteedgemoney.com/?p=57010#comment-270508 In India, Majority of the money is being invested in real estate and jewelry. People in India are seeing it as a safe and sure investment. The equity market is still known by only 10% of the population.

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By: J. Money https://eliteedgemoney.com/personal-finance-around-the-world/#comment-270472 Fri, 10 Aug 2018 22:10:16 +0000 https://staging.eliteedgemoney.com/?p=57010#comment-270472 In reply to Julie.

Very different for me too having grown up the same! I had no say in whether I was going to college or not, and looking back I’m super grateful for it as who knows what I would have chosen on my own :)

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By: Julie https://eliteedgemoney.com/personal-finance-around-the-world/#comment-270469 Fri, 10 Aug 2018 16:11:11 +0000 https://staging.eliteedgemoney.com/?p=57010#comment-270469 In reply to Cathy.

I think it definitely depends on demographics, just like in the U.S., about how many go to on to University in Australia. My husband is Australian (we live in the U.S. now) and he was the first in his family to go to University. He has about 30 first cousins and only about 5 of them (including his brother, but not his sister) went to Uni. It might not even be that many. And of the “little cousins” we call them (kids of first cousins), only a handful of them went to Uni also. Many of them went to the equivalent of a community college or did an apprenticeship and became certified in a trade. But, many just went straight to work. I am always shocked when yet another cousin graduates high school and I find out that they aren’t going to University either. It’s a different mentality than what I grew up with, where it was just an assumed next step. And most of our Australian friends went to University, but in my husband’s (big) family, it’s definitely not the norm. Granted, they have all managed to be pretty successful.

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By: Justin https://eliteedgemoney.com/personal-finance-around-the-world/#comment-270464 Fri, 10 Aug 2018 13:38:00 +0000 https://staging.eliteedgemoney.com/?p=57010#comment-270464 My Cambodian mother in law is internet famous! :)

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