Current bank interests are so risible that even money held in interest paying deposit accounts is losing value. The rate paid is not keeping pace with inflation so in real terms, people saving in these accounts are actually losing money.
Every year, the students at Phnom Penh’s Northbridge International School complete a 24-hour challenge to raise money for charity. Over the past few years, the students’ excellent efforts have led to thousands of dollars being raised for charities in Cambodia and Africa. At the same time, the event encourages the children to think about others less fortunate than themselves as well as engaging them to work together in a fun and healthy collaborative challenge.
People talk about it at the water cooler, or over drinks after work. They talk about tossing it all in and buying a one-way ticket to someplace else. Maybe somewhere overseas, to some rustic third-world capital where the living is cheap and the weather is always perfect.
Luxury travel isn’t just about travelling by private jet/limo or staying in 5* hotels, though that is of course part of it. What’s equally important is enjoying unique, authentic experiences and really getting under the skin of a destination, and seeing things that most tourists miss. That’s why many of our clients like to give expensive upscale restaurants a miss every now & then, and enjoy Asian food the way the locals do – on the street.
In the film Gladiator, Russell Crowe, playing a Roman General, is told, “Death smiles at us all … all we can do is smile back.” Truer words were never spoken in relation to Torajaland, a unique outpost amid the thousands of islands comprising Indonesia. Several elements make Torajaland stand out for those interested in overseas adventure. There’s the unique Torajan architecture. The inhabitants were former headhunters. The Dutch tried to conquer this area and only did so through the spread of Christianity. It is also famous for being a region where outstanding coffee is produced.
British cuisine may have a reputation (undeserved) for blandness, but we Brits are addicted to spicy food. Indian restaurants now outnumber fish & chip shops, and whilst they may owe their original popularity to being the only places you could get a drink back in the dark days when the pubs closed at 10.30pm, they are now loved for their spicy cuisine as much as for their exploitation of loopholes in the licensing laws.
You don't need truck-loads of cash and shadowy third party associates to open offshore bank accounts, but the process does have to be planned carefully to ensure you get the best financial results. Offshore banking is now a legitimate and reputable business and most financial centres offering this facility are tightly regulated to ensure maximum security for investors. Even so, nothing is guaranteed in the world of investment so this is not an undertaking to rush into without researching it first.