Its a term that crops up now and again and something a lot of Expat’s fail to see to often. The easiest way to describe it is imagine having a big house or a nice Pajero the bank comes and repossesses it after none payment of the bills for the vehicle etc. But you will still go to your neighbours and friends remember when we had that Pajero or the big house by the beach etc. It is probably one of the biggest causes of financial hardship here as the “your rich” mentality cuts in too often and if you have a partner who also buys into it your looking at people frittering your money like no tomorrow. I have seen it in the UK as well mind as someone I know even has his salary collected by a baliff because he cannot be trusted to pay even his rent after losing his house. At Christmas they still buy goods which well exceed their budget and in a cycle that will never change. Personally if I got caught in this loop with someone I would pull the plug rather quickly as most people don’t seem to understand that overspending pretty much cripples you financially and may even lead to heading back to your home country sooner rather than later. Same with helping family members out be aware that everyone thinks you have a constant cash flow who will just spout money when needed. From day one don’t get caught up in it the way I look at it I earned the money I gained it. If i decide to give a gift its my choice as soon as someone “expects” something that’s it everything stops because the point of a gift is that its given freely not blackmailed or extorted.
So if your partner is a one day millionaire would strongly advise putting things right asap. Some days you will try to avoid it other days you will be frustrated or it could be like some of the Expats I meet here who are constantly working to try and keep up with the Jones’s I ask why? you come here for an easier life why let someone dictate the way your life should go? It’s like the second hand Pajero’s and Hong Kong copy Prada that I see people trying to promote as “king” here. Remember where you come from I try to avoid getting on the comparison of wealth as it may seem I come across as arrogant but in the UK I have flown planes and helicopters worked with and earned more than most people I associate with here. Some of my associates race Porsches and have personal helicopters at the end of the day its the old life. I didn’t come here to be living to that level and I can live without it all. I came here for an easier life and one that is more simplistic and rewarding. I dropped out of the rat race but its about time some people told these “one day millionaires” to stop being so arrogant and the Expats running around trying to make the money to keep their wife within budget just stop! if she won’t stop its time to call it a day and move on your worth more than that. Attractive and smart women are everywhere you can easily find a better match and one who treats you as a person and not an ATM so wake up! move on..