The idea that the money you earn is free and clear comes probably from the fact that in some states (US) the tax rate is ridiculously low or doesn't exist.
Most don't understand mortgages and loans? It seems like some of the best American investors out there also don't considering what happened with the sub prime loan mess.
[QUOTE=Cyber Whip;1123760]Well, I don't think it's so much that they don't believe you. It's more that most Filipinas don't understand simple economics in the rest of the world. Most don't understand about home mortgages or car loans, etc. I was told one time that they thought the money we get for working was all free and clear and that even a medium to low income elsewhere was still considered rich by their standards. Of course they also don't understand the cost of living is much higher. I tried to explain all of the economics one time and my gf just laughed at me. It was clear that they have no grasp of simple economics outside Philippines.[/QUOTE]
