/biz/ - Business & Finance

I have given a look at the local banks here, most of them very financially sound as the country is in an economic boom. Most often they are owned by big foreign banks that are very stable.

7%+ interest on USD deposits on fix. Term 1 year is possible.

Here the economy is dollarized and the Riel (local currency) is just used in place of US coins (purchases below 5$) and it is a dollar surrogate (fixed exchange rate).

The overall economy is booming and the capital is a very nice place to live.

I am thinking if i had 1 million by selling some properties abroad why not just get 73.000 $ in interest every year and fucking stop wage slaving?

Maybe do some part time work online to get some extra cash or some small business.

The average salary in Cambodia is 300$ a month so with 73.000$ a year life is easy. That is 20 times minimum salary.

Can buy a decent apartment for 50.000$ with a rooftop pool and pay it off in 2 years while living like a king with the money left.

Seriously why not? Women are available and easy going no stress and the weather is always summer.