Making money outside of our usual work is a good idea. We rent houses here in Panama, but we also sell milk, butter, and yogurt. It doesn't make a lot, but it's a second income if we ever need just a little more - and it pays for the cow's feed! Wahoo!
I think a lot of people in the US don't really save, but they have a lot of credit card debt. They see something they want and they buy it - that huge TV, the new car, the latest gadget. Then they just pay it off over time. Who actually owns their own house with no mortgage? I know very few people... They may look wealthy, but if they had to cash everything out (and move to Panama), what would they really have? Not much... We see people regularly who want to move here, but they know that they won't have anything money-wise to bring with them and it's hard to start over with nothing and no job.
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Yes, savings need to improve in general! And credit card debt needs to be in check!!! Pretty much, if one is not careful, you'll end up part of the statistics!
But lots of people are savers. Mortgage is good debt, I think. I'm pretty much debt free, except for my mortgage, and that will be paid in two years.
How are you, otherwise, @apanamamama ! I'd love to visit Panama, as I have heard it is a great place to visit. There is so much to see in this world! I wish you well, my friend and sis! !BBH !LUV
Thank you! Things are good here. We're in rainy season and today is exceptionally rainy, which isn't a bad thing if you don't mind the rain. We typically love it, but we have almost received 3.25" in the last 2 hours, so it's a lot of rain! Ha! You should come visit.
Hehehe, maybe I will visit Panama! But I am booked for the next two years already, and I can only have two 2-week vacations a year! Let us see!
Rain, rain! Go away... Mama from Panama wants to play!
Good night, my dear!!!
Enjoy the sound of rain in the background!
!BBH
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