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	<title>Comments on: Reader Story: How My Upbringing Helped Me Avoid Debt and Build Wealth</title>
	<atom:link href="http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/</link>
	<description>Common sense advice on money saving tips, how to get out of debt, high interest savings accounts, cd rates, money market accounts, mortgage rates, money management and more.</description>
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		<title>By: Michgc</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2596982</link>
		<dc:creator>Michgc</dc:creator>
		<pubDate>Wed, 18 Apr 2012 04:15:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2596982</guid>
		<description>I enjoyed this article.  Thanks for the perspective!</description>
		<content:encoded><![CDATA[<p>I enjoyed this article.  Thanks for the perspective!</p>
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		<title>By: Lucille</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2577672</link>
		<dc:creator>Lucille</dc:creator>
		<pubDate>Wed, 11 Apr 2012 19:51:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2577672</guid>
		<description>Agree with you Lori. India and the Asian sub-continent has its deficiencies. I&#039;m a second gen immigrant and I learnt a whole heap of bad stuff from my parents and extended family. Asian families cover up emotional abuse and there&#039;s alot of that going on behind closed doors. I know  several respectable and wealthy Asian parents who beat and threaten their children into studying. Children rarely rebel against their authority and they grow into dispirited adults.That is not healthy parenting and I believe more Asian people should speak out.</description>
		<content:encoded><![CDATA[<p>Agree with you Lori. India and the Asian sub-continent has its deficiencies. I&#8217;m a second gen immigrant and I learnt a whole heap of bad stuff from my parents and extended family. Asian families cover up emotional abuse and there&#8217;s alot of that going on behind closed doors. I know  several respectable and wealthy Asian parents who beat and threaten their children into studying. Children rarely rebel against their authority and they grow into dispirited adults.That is not healthy parenting and I believe more Asian people should speak out.</p>
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		<title>By: YJ</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2574972</link>
		<dc:creator>YJ</dc:creator>
		<pubDate>Wed, 11 Apr 2012 04:51:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2574972</guid>
		<description>We need to be careful here and looking at the reader and making sweeping generalizations. 

SB mentioned that South Asians are the richest ethnic minority. This is true partly because of the kind of South Asians that initially settled in America. A disproportionately high number of them are either doctors, engineers or IT folks (difficult areas of study, high income). The smartest people will do well no matter what environment they are put in. Our own poster is an IIT grad and would have most likely had the choice of the creme de la creme of the jobs available in India. 

I am a person who grew up in India around a lot of privileged kids. A lot of them did not have that ethos to work hard and make a name for themselves primarily because they grew up in so much comfort that their ambition was all but dead. 

Having said that though the high level of education + strong family structure is IMHO, the reason for the success of S. Asians in America. The best way to see this is to compare to the South Asians of Britain where a vast number immigrated without any sort of college degrees. The difference is immediately apparent. 


Overall I would say a good article, lots of lessons to be taken away.</description>
		<content:encoded><![CDATA[<p>We need to be careful here and looking at the reader and making sweeping generalizations. </p>
<p>SB mentioned that South Asians are the richest ethnic minority. This is true partly because of the kind of South Asians that initially settled in America. A disproportionately high number of them are either doctors, engineers or IT folks (difficult areas of study, high income). The smartest people will do well no matter what environment they are put in. Our own poster is an IIT grad and would have most likely had the choice of the creme de la creme of the jobs available in India. </p>
<p>I am a person who grew up in India around a lot of privileged kids. A lot of them did not have that ethos to work hard and make a name for themselves primarily because they grew up in so much comfort that their ambition was all but dead. </p>
<p>Having said that though the high level of education + strong family structure is IMHO, the reason for the success of S. Asians in America. The best way to see this is to compare to the South Asians of Britain where a vast number immigrated without any sort of college degrees. The difference is immediately apparent. </p>
<p>Overall I would say a good article, lots of lessons to be taken away.</p>
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		<title>By: Wolf</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2574872</link>
		<dc:creator>Wolf</dc:creator>
		<pubDate>Wed, 11 Apr 2012 04:10:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2574872</guid>
		<description>racist?? seriously?!</description>
		<content:encoded><![CDATA[<p>racist?? seriously?!</p>
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		<title>By: Lisa Wilson</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2569872</link>
		<dc:creator>Lisa Wilson</dc:creator>
		<pubDate>Mon, 09 Apr 2012 17:07:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2569872</guid>
		<description>I believe if people love there parents they will take care of them. The Bible even says you are worse than an unbeliever if you do not take care of your family, this includes aunts &amp; uncles , parents &amp; grandparents too. The Amish/Mennonites have a small house attached to theres for the grandparents like a seperate  apt.</description>
		<content:encoded><![CDATA[<p>I believe if people love there parents they will take care of them. The Bible even says you are worse than an unbeliever if you do not take care of your family, this includes aunts &amp; uncles , parents &amp; grandparents too. The Amish/Mennonites have a small house attached to theres for the grandparents like a seperate  apt.</p>
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		<title>By: Mi opinion</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2564732</link>
		<dc:creator>Mi opinion</dc:creator>
		<pubDate>Sat, 07 Apr 2012 16:27:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2564732</guid>
		<description>I feel my husbands parents relied too much on knowing their kids would support them.  They have no savings, and sent all three of there sons to becime engineers in Mexico.  They joined the Navy so they did not pay for their school.  My FIL gave most of his money to his mother instead of splitting up the costs with his 5 brothers.  I find this to be unfair...but as far as my parents they save and have always lived below their means.  If they ever needed it I would glady support them since I know they did not purposely rely in my suoport.</description>
		<content:encoded><![CDATA[<p>I feel my husbands parents relied too much on knowing their kids would support them.  They have no savings, and sent all three of there sons to becime engineers in Mexico.  They joined the Navy so they did not pay for their school.  My FIL gave most of his money to his mother instead of splitting up the costs with his 5 brothers.  I find this to be unfair&#8230;but as far as my parents they save and have always lived below their means.  If they ever needed it I would glady support them since I know they did not purposely rely in my suoport.</p>
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		<title>By: jim</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2554602</link>
		<dc:creator>jim</dc:creator>
		<pubDate>Wed, 04 Apr 2012 18:56:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2554602</guid>
		<description>Being over 75 doesn&#039;t necessarily mean you&#039;ll require someone to care for you.  I have several relatives over 75 who do not need any special care and life independently just fine.</description>
		<content:encoded><![CDATA[<p>Being over 75 doesn&#8217;t necessarily mean you&#8217;ll require someone to care for you.  I have several relatives over 75 who do not need any special care and life independently just fine.</p>
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		<title>By: jim</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2554572</link>
		<dc:creator>jim</dc:creator>
		<pubDate>Wed, 04 Apr 2012 18:38:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2554572</guid>
		<description>Emma, maybe you need to rethink and rewrite your comment.  You come across as an offensive bigot.</description>
		<content:encoded><![CDATA[<p>Emma, maybe you need to rethink and rewrite your comment.  You come across as an offensive bigot.</p>
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		<title>By: steph</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2554352</link>
		<dc:creator>steph</dc:creator>
		<pubDate>Wed, 04 Apr 2012 17:23:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2554352</guid>
		<description>So I have to ask.  What if you don&#039;t have children for whatever reason?  Do your other family members take care of you in your old age?</description>
		<content:encoded><![CDATA[<p>So I have to ask.  What if you don&#8217;t have children for whatever reason?  Do your other family members take care of you in your old age?</p>
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		<title>By: Rosa</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2552332</link>
		<dc:creator>Rosa</dc:creator>
		<pubDate>Wed, 04 Apr 2012 03:58:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2552332</guid>
		<description>Maybe they should live in a different neighborhood, or send the kids to a different school.

There are good schools that aren&#039;t all rich or upper-middle-class kids, where a frugally raised middle class child wouldn&#039;t be ridiculed.</description>
		<content:encoded><![CDATA[<p>Maybe they should live in a different neighborhood, or send the kids to a different school.</p>
<p>There are good schools that aren&#8217;t all rich or upper-middle-class kids, where a frugally raised middle class child wouldn&#8217;t be ridiculed.</p>
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		<title>By: Peach</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2552192</link>
		<dc:creator>Peach</dc:creator>
		<pubDate>Wed, 04 Apr 2012 02:58:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2552192</guid>
		<description>I agree, SB. I like my life, yet there&#039;s comfort in knowing I can sustain myself on less when I have to.</description>
		<content:encoded><![CDATA[<p>I agree, SB. I like my life, yet there&#8217;s comfort in knowing I can sustain myself on less when I have to.</p>
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		<title>By: Beth</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2551652</link>
		<dc:creator>Beth</dc:creator>
		<pubDate>Tue, 03 Apr 2012 21:47:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2551652</guid>
		<description>@phoenix -- lots of +1s from me! 

One of the downsides of living longer is people survive to develop dementia. It&#039;s noble for people to want to keep their parents out of long term care facilities, but sometimes the danger is too great.</description>
		<content:encoded><![CDATA[<p>@phoenix &#8212; lots of +1s from me! </p>
<p>One of the downsides of living longer is people survive to develop dementia. It&#8217;s noble for people to want to keep their parents out of long term care facilities, but sometimes the danger is too great.</p>
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		<title>By: Lori</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2551172</link>
		<dc:creator>Lori</dc:creator>
		<pubDate>Tue, 03 Apr 2012 18:40:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2551172</guid>
		<description>I&#039;m jumping in a bit late, but I only read this blog every few days.  I appreciate SB&#039;s views, but his experience is one of middle-class and upper-middle class Indians.  As some have pointed out, the experience of millions and millions of Indians is very different.  I read this blog because I am a single woman who adopted two little girls born in India.  Neither could be taken care of by her birth family because of extreme poverty or because of the stigma attached to unwed motherhood.  I am giving them an upper-middle class American life.  We have been back to India and it&#039;s tough to see them process the extreme poverty you see there everywhere and to know that could have been their fate.  They are so lucky as are Indian (and Chinese and Korean) immigrants in the States.  It takes a great education, which is difficult to get by the poor even with the quotas in the colleges and universities, to qualify for a H1B visa or similar.  Study after study has been done about burnings/*kitchen fires* of women, the incredible prostitute problem in India (there are an estimated 200,000 prostitutes in Mumbai alone), human trafficking from Nepal and within India to fuel the sex trade, etc., etc., etc.  I hope that many average Americans have learned a lot from the discussion here. While I love India and miss it terribly, it&#039;s culture has as many bad marks as any other.</description>
		<content:encoded><![CDATA[<p>I&#8217;m jumping in a bit late, but I only read this blog every few days.  I appreciate SB&#8217;s views, but his experience is one of middle-class and upper-middle class Indians.  As some have pointed out, the experience of millions and millions of Indians is very different.  I read this blog because I am a single woman who adopted two little girls born in India.  Neither could be taken care of by her birth family because of extreme poverty or because of the stigma attached to unwed motherhood.  I am giving them an upper-middle class American life.  We have been back to India and it&#8217;s tough to see them process the extreme poverty you see there everywhere and to know that could have been their fate.  They are so lucky as are Indian (and Chinese and Korean) immigrants in the States.  It takes a great education, which is difficult to get by the poor even with the quotas in the colleges and universities, to qualify for a H1B visa or similar.  Study after study has been done about burnings/*kitchen fires* of women, the incredible prostitute problem in India (there are an estimated 200,000 prostitutes in Mumbai alone), human trafficking from Nepal and within India to fuel the sex trade, etc., etc., etc.  I hope that many average Americans have learned a lot from the discussion here. While I love India and miss it terribly, it&#8217;s culture has as many bad marks as any other.</p>
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		<title>By: phoenix1920</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2550852</link>
		<dc:creator>phoenix1920</dc:creator>
		<pubDate>Tue, 03 Apr 2012 16:38:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2550852</guid>
		<description>@ El Nerdo,
To me, there is a big difference between caring for an eldery adult and caring for a child.  If I had a child, they abide by my rules, they become more independent and have to do more, they attend public school after 5 years and so I can work and need daycare for only 5 years, I can plan.  My grandmother WANTED to stay independent and did until her Alzheimer’s progressed too bad.  She was completely unable to stay at home alone and was in that condition for some time.  Her expenses expanded and she could sometimes turn violent because she did not understand reality.  But she&#039;s an adult with an adult&#039;s size and can turn herself, others, and children.There is a huge safety issue when adults have temper-tantrums, which is completely difference from a 2 year old&#039;s who is much smaller and weighs a lot less. 

My husband&#039;s grandmother is having similar problems, but no diagnosis of Alzheimer&#039;s.  She refuses to bathe--at all--to the point that it&#039;s a health issue because her skin cannot sloff like naturally happens when we bathe.  She does not want to change her undies or her clothes because she&#039;s too cold.  She&#039;s constantly wanting more heat.  She doesn&#039;t realize that she&#039;s not mentally there.  She will turn on the stove top to have tea, but forget to get the teapot.  

I think there is a HUGE difference between the countries. Our attitude of wanting our own independence is within each of us--it doesn&#039;t disappear with age, but becomes more ingrained.  So here, we have a lot of elderly that WANT to be independent and think they can be independent and  are angry that they are forced to move into somebody else&#039;s house and they can&#039;t make their own decisions. When they get to the point of being unable to,it&#039;s because they need to be under supervision--but most American families have dual income earners.  There are few elderly daycare facilities and few resources. I know of no person who is looking forward to moving in with their children. The older people I know want their own homes and want their grandchildren to visit them. 

There is also a cultural difference with the age at WHEN you have children.  If you had a child at 23, your parents would be 46 (assuming same) and full of health and help. They would need help AFTER your children have mostly been raised. But if you have children at 33 and your parents did the same, they are 66 and may have serious conditions, some of which are too difficult or pose safety problems.  At that time, the son is trying to raise his own young children while taking care of his or her parents (or if they health issues come up later, he may be elderly himself)</description>
		<content:encoded><![CDATA[<p>@ El Nerdo,<br />
To me, there is a big difference between caring for an eldery adult and caring for a child.  If I had a child, they abide by my rules, they become more independent and have to do more, they attend public school after 5 years and so I can work and need daycare for only 5 years, I can plan.  My grandmother WANTED to stay independent and did until her Alzheimer’s progressed too bad.  She was completely unable to stay at home alone and was in that condition for some time.  Her expenses expanded and she could sometimes turn violent because she did not understand reality.  But she&#8217;s an adult with an adult&#8217;s size and can turn herself, others, and children.There is a huge safety issue when adults have temper-tantrums, which is completely difference from a 2 year old&#8217;s who is much smaller and weighs a lot less. </p>
<p>My husband&#8217;s grandmother is having similar problems, but no diagnosis of Alzheimer&#8217;s.  She refuses to bathe&#8211;at all&#8211;to the point that it&#8217;s a health issue because her skin cannot sloff like naturally happens when we bathe.  She does not want to change her undies or her clothes because she&#8217;s too cold.  She&#8217;s constantly wanting more heat.  She doesn&#8217;t realize that she&#8217;s not mentally there.  She will turn on the stove top to have tea, but forget to get the teapot.  </p>
<p>I think there is a HUGE difference between the countries. Our attitude of wanting our own independence is within each of us&#8211;it doesn&#8217;t disappear with age, but becomes more ingrained.  So here, we have a lot of elderly that WANT to be independent and think they can be independent and  are angry that they are forced to move into somebody else&#8217;s house and they can&#8217;t make their own decisions. When they get to the point of being unable to,it&#8217;s because they need to be under supervision&#8211;but most American families have dual income earners.  There are few elderly daycare facilities and few resources. I know of no person who is looking forward to moving in with their children. The older people I know want their own homes and want their grandchildren to visit them. </p>
<p>There is also a cultural difference with the age at WHEN you have children.  If you had a child at 23, your parents would be 46 (assuming same) and full of health and help. They would need help AFTER your children have mostly been raised. But if you have children at 33 and your parents did the same, they are 66 and may have serious conditions, some of which are too difficult or pose safety problems.  At that time, the son is trying to raise his own young children while taking care of his or her parents (or if they health issues come up later, he may be elderly himself)</p>
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		<title>By: Nan Comargue</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2550552</link>
		<dc:creator>Nan Comargue</dc:creator>
		<pubDate>Tue, 03 Apr 2012 13:51:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2550552</guid>
		<description>In Ontario, supporting a parent who raised you is required by law.  I know it&#039;s been litigated but can&#039;t recall the specific facts or ruling (although the law itself wasn&#039;t challenged).

From the Ontario Family Law Act: &quot;Every child who is not a minor has an obligation to provide support, in accordance with need, for his or her parent who has cared for or provided support for the child, to the extent that the child is capable of doing so.&quot;</description>
		<content:encoded><![CDATA[<p>In Ontario, supporting a parent who raised you is required by law.  I know it&#8217;s been litigated but can&#8217;t recall the specific facts or ruling (although the law itself wasn&#8217;t challenged).</p>
<p>From the Ontario Family Law Act: &#8220;Every child who is not a minor has an obligation to provide support, in accordance with need, for his or her parent who has cared for or provided support for the child, to the extent that the child is capable of doing so.&#8221;</p>
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		<title>By: Imelda</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2550182</link>
		<dc:creator>Imelda</dc:creator>
		<pubDate>Tue, 03 Apr 2012 08:32:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2550182</guid>
		<description>This is just a guess, but I wonder if daughters are expected to provide care taking duties - caring for their parents while sick, looking after them in old age, etc - while sons are expected to support them financially?

Though as Maggie points out, maybe the care taking is left to daughters in law, which contributes to the higher value placed on sons.</description>
		<content:encoded><![CDATA[<p>This is just a guess, but I wonder if daughters are expected to provide care taking duties &#8211; caring for their parents while sick, looking after them in old age, etc &#8211; while sons are expected to support them financially?</p>
<p>Though as Maggie points out, maybe the care taking is left to daughters in law, which contributes to the higher value placed on sons.</p>
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		<title>By: Carla</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2550062</link>
		<dc:creator>Carla</dc:creator>
		<pubDate>Tue, 03 Apr 2012 07:07:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2550062</guid>
		<description>&quot;Family and friendships are far more fruitful and offer more security than any government or emergency fund ever will.&quot;

Unfortunately that&#039;s not everyone&#039;s reality.</description>
		<content:encoded><![CDATA[<p>&#8220;Family and friendships are far more fruitful and offer more security than any government or emergency fund ever will.&#8221;</p>
<p>Unfortunately that&#8217;s not everyone&#8217;s reality.</p>
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		<title>By: expatinIndia</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2549802</link>
		<dc:creator>expatinIndia</dc:creator>
		<pubDate>Tue, 03 Apr 2012 04:12:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2549802</guid>
		<description>@Minal - I totally agree. It was a nice article *but* there was unnecessary comparing of cultures which spoilt it a little bit and which also caused more comments on those tangent aspects than what SB hoped to trigger. I am a European and have been living in India for the past 5+ years. I have learned a lot from the frugal middle class and &quot;lower class&quot; Indians (giving I live in Delhi, not much learnt from their upper class ;-)) about how to not take things for granted and how to curb any wasting. And interesting enough, a lot of things are the *exact same* things my grandparents still like remind us of; both of them grew up during the second WW and spent their adulthood in communist East Germany. Nothing was wasted, ever! However, one has to say that the India described here is not the urban India that there is today. Every middle class household has an AC, one or two cars (Tato Nano and Marutis mostly) and going to the malls on the weekends reminds of a normal Western country when it comes to India’s middle and upper class. One also shouldn&#039;t forget that it&#039;s a minority of Indians (and foreigners who also have to pay for provident fund) that are &quot;salaried employees&quot; thus not everyone pays into a PF account to safeguard their retirement. India is a great teacher of frugal lessons but I agree that it shouldn’t be taken as far to criticize American or Western family values.</description>
		<content:encoded><![CDATA[<p>@Minal &#8211; I totally agree. It was a nice article *but* there was unnecessary comparing of cultures which spoilt it a little bit and which also caused more comments on those tangent aspects than what SB hoped to trigger. I am a European and have been living in India for the past 5+ years. I have learned a lot from the frugal middle class and &#8220;lower class&#8221; Indians (giving I live in Delhi, not much learnt from their upper class <img src='http://www.getrichslowly.org/blog/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /> ) about how to not take things for granted and how to curb any wasting. And interesting enough, a lot of things are the *exact same* things my grandparents still like remind us of; both of them grew up during the second WW and spent their adulthood in communist East Germany. Nothing was wasted, ever! However, one has to say that the India described here is not the urban India that there is today. Every middle class household has an AC, one or two cars (Tato Nano and Marutis mostly) and going to the malls on the weekends reminds of a normal Western country when it comes to India’s middle and upper class. One also shouldn&#8217;t forget that it&#8217;s a minority of Indians (and foreigners who also have to pay for provident fund) that are &#8220;salaried employees&#8221; thus not everyone pays into a PF account to safeguard their retirement. India is a great teacher of frugal lessons but I agree that it shouldn’t be taken as far to criticize American or Western family values.</p>
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		<title>By: SB @ One cent at a time</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2549782</link>
		<dc:creator>SB @ One cent at a time</dc:creator>
		<pubDate>Tue, 03 Apr 2012 03:55:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2549782</guid>
		<description>huh! yes I have started planning for the second..BTW I have my own blog too where I post every other day. :)</description>
		<content:encoded><![CDATA[<p>huh! yes I have started planning for the second..BTW I have my own blog too where I post every other day. <img src='http://www.getrichslowly.org/blog/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
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		<title>By: SB @ One cent at a time</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2549722</link>
		<dc:creator>SB @ One cent at a time</dc:creator>
		<pubDate>Tue, 03 Apr 2012 03:08:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2549722</guid>
		<description>Would you really want to go back to those days? At least I don&#039;t. But, I know I can sustain in similar condition though.</description>
		<content:encoded><![CDATA[<p>Would you really want to go back to those days? At least I don&#8217;t. But, I know I can sustain in similar condition though.</p>
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		<title>By: SB @ One cent at a time</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2549712</link>
		<dc:creator>SB @ One cent at a time</dc:creator>
		<pubDate>Tue, 03 Apr 2012 03:01:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2549712</guid>
		<description>I know you for quiet some time, never knew you are an immigrant too</description>
		<content:encoded><![CDATA[<p>I know you for quiet some time, never knew you are an immigrant too</p>
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		<title>By: SB @ One cent at a time</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2549702</link>
		<dc:creator>SB @ One cent at a time</dc:creator>
		<pubDate>Tue, 03 Apr 2012 02:57:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2549702</guid>
		<description>Yes peach thanks. I am clear to my consciousness that I was never judgmental in the article. And opposing views are fine with me. Every one can express their opinion.

Katie rightly pointed out that we talk to our keyboards while writing over the internet. I am sure Dianna would be just as nice to me in-person as would anybody else.</description>
		<content:encoded><![CDATA[<p>Yes peach thanks. I am clear to my consciousness that I was never judgmental in the article. And opposing views are fine with me. Every one can express their opinion.</p>
<p>Katie rightly pointed out that we talk to our keyboards while writing over the internet. I am sure Dianna would be just as nice to me in-person as would anybody else.</p>
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		<title>By: SB @ One cent at a time</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2549682</link>
		<dc:creator>SB @ One cent at a time</dc:creator>
		<pubDate>Tue, 03 Apr 2012 02:48:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2549682</guid>
		<description>Katie I really appreciate this gesture, very nicely explained. Just the words from my heart</description>
		<content:encoded><![CDATA[<p>Katie I really appreciate this gesture, very nicely explained. Just the words from my heart</p>
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		<title>By: Peach</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2549612</link>
		<dc:creator>Peach</dc:creator>
		<pubDate>Tue, 03 Apr 2012 02:22:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2549612</guid>
		<description>I really think some people come here with no interest in financial issues at all, they just want to bash someone. It&#039;s sad but I think the article writer knows his article is NOT the problem.</description>
		<content:encoded><![CDATA[<p>I really think some people come here with no interest in financial issues at all, they just want to bash someone. It&#8217;s sad but I think the article writer knows his article is NOT the problem.</p>
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		<title>By: Peach</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2549482</link>
		<dc:creator>Peach</dc:creator>
		<pubDate>Tue, 03 Apr 2012 01:42:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2549482</guid>
		<description>Good article! I grew up in a similar way, we just called it poverty. But some of the old habits stick with me to this day, I have AC but use ceiling fans more, I washed dishes by hand for years when our dishwasher went out on us, have few cable channels, share a car, bargain-shop for food. What I like about what you&#039;ve written is that it reminds me of how many things we take for granted that others don&#039;t have the benefit of. And how important it is to life frugally and have a cash reserve!</description>
		<content:encoded><![CDATA[<p>Good article! I grew up in a similar way, we just called it poverty. But some of the old habits stick with me to this day, I have AC but use ceiling fans more, I washed dishes by hand for years when our dishwasher went out on us, have few cable channels, share a car, bargain-shop for food. What I like about what you&#8217;ve written is that it reminds me of how many things we take for granted that others don&#8217;t have the benefit of. And how important it is to life frugally and have a cash reserve!</p>
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		<title>By: Jai Catalano</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2549372</link>
		<dc:creator>Jai Catalano</dc:creator>
		<pubDate>Tue, 03 Apr 2012 00:29:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2549372</guid>
		<description>I like some of the tactics. I feel we are spoiled here. For no fault of our own but recognizing it helps to understand what the world is actually like. I have traveled all over the world and for the most part we have it GREAT.</description>
		<content:encoded><![CDATA[<p>I like some of the tactics. I feel we are spoiled here. For no fault of our own but recognizing it helps to understand what the world is actually like. I have traveled all over the world and for the most part we have it GREAT.</p>
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		<title>By: Dee</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2549302</link>
		<dc:creator>Dee</dc:creator>
		<pubDate>Mon, 02 Apr 2012 23:49:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2549302</guid>
		<description>In terms of &quot;voting&quot; in academia, I was once told that 1/3 of the faculty would oppose a proposal becasue it was new; 1/3 would support it because it was new; and 1/3 would vote on the proposal based in its merits. Let&#039;s hear it for that last 1/3!</description>
		<content:encoded><![CDATA[<p>In terms of &#8220;voting&#8221; in academia, I was once told that 1/3 of the faculty would oppose a proposal becasue it was new; 1/3 would support it because it was new; and 1/3 would vote on the proposal based in its merits. Let&#8217;s hear it for that last 1/3!</p>
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		<title>By: DR</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2549192</link>
		<dc:creator>DR</dc:creator>
		<pubDate>Mon, 02 Apr 2012 22:09:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2549192</guid>
		<description>The &#039;retirement fund&#039; mandated by the government is not currently invested in stocks or mutual funds in India, but overseen by an Organization called Employee Provident Fund Org. The money is backed by the government and currently pays 8.5% interest (Used to be 12% a decade back i think). There has been talks of opening it to the markets, but there is lots of opposition to it!

So basically the federal government guarantees the solvency :)</description>
		<content:encoded><![CDATA[<p>The &#8216;retirement fund&#8217; mandated by the government is not currently invested in stocks or mutual funds in India, but overseen by an Organization called Employee Provident Fund Org. The money is backed by the government and currently pays 8.5% interest (Used to be 12% a decade back i think). There has been talks of opening it to the markets, but there is lots of opposition to it!</p>
<p>So basically the federal government guarantees the solvency <img src='http://www.getrichslowly.org/blog/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
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		<title>By: Teinegurl</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2548822</link>
		<dc:creator>Teinegurl</dc:creator>
		<pubDate>Mon, 02 Apr 2012 20:03:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2548822</guid>
		<description>Great article i think you need a second one soon! My only thing i would say is that company paid housing is very rare where i live. Even a housing allowance is going by way especially in the great recession.</description>
		<content:encoded><![CDATA[<p>Great article i think you need a second one soon! My only thing i would say is that company paid housing is very rare where i live. Even a housing allowance is going by way especially in the great recession.</p>
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		<title>By: SG</title>
		<link>http://www.getrichslowly.org/blog/2012/04/01/reader-story-how-my-upbringing-helped-me-avoid-debt-and-build-wealth/comment-page-1/#comment-2548752</link>
		<dc:creator>SG</dc:creator>
		<pubDate>Mon, 02 Apr 2012 19:28:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/?p=126542#comment-2548752</guid>
		<description>I am a first generation immigrant from India. I think the points presented in this article are very valid. I don&#039;t see how people living in developed countries have that many different problems than one in 3rd world countries. One still has to use their resources responsibly in either case. One still has to study hard and work hard to get somewhere in life. What I do see with kids growing up here (my own kids and their friends) is a false sense of things will always work out even if they don&#039;t work very hard or aren&#039;t really the best they can be. I guess it is hard to get motivated when you don&#039;t see the poverty growing up. Also, south Asian Indians are the richest ethnic minority in USA. So I would give some credit to their upbringing that made them they are (not that money is the only measure of success).</description>
		<content:encoded><![CDATA[<p>I am a first generation immigrant from India. I think the points presented in this article are very valid. I don&#8217;t see how people living in developed countries have that many different problems than one in 3rd world countries. One still has to use their resources responsibly in either case. One still has to study hard and work hard to get somewhere in life. What I do see with kids growing up here (my own kids and their friends) is a false sense of things will always work out even if they don&#8217;t work very hard or aren&#8217;t really the best they can be. I guess it is hard to get motivated when you don&#8217;t see the poverty growing up. Also, south Asian Indians are the richest ethnic minority in USA. So I would give some credit to their upbringing that made them they are (not that money is the only measure of success).</p>
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