Get Out of Debt Now!
So far, my life in Taiwan has been supported purely on borrowed money, courtesy of my private Siblings Bank. Had to foot the bill for the first months of expenses -- rent+deposit, scooter, normal life needs, transportation, etc -- without shifting my assets from North America.
The result? I'm already $140,000 TWD in debt. Lovely way to start. And I'm just getting my first paycheque (assuming the direct deposit has gone through okay) today!
6 comments:
I don't understand? Why would u rather borrow money instead of using your own saving? U believe in paying interest?!?!
Uh, Momcy, it's the Siblings Bank: the Siblings Bank doesn't charge interest. In fact, on occasion it's been known to forgive little amounts, too.
what kinda repayment plans r u on :P
I think there was actually a disagreement on payment plan. I agreed to "as soon as I get my paycheques", but they insisted on the terms of "whenever you can, don't worry about it".
The Siblings Bank interest isn't in the form of monetary compensation. Rather it's based on support (from me) and shelter (at my new place). And other stuff, too.
1 USD = 31.89 TWD and holding.
Ben, Did you get the handle removed from the back of the seat of your scooter yet? *wink* James
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