New episode: ‘Confidently Wrong’ podcast tackles expat money habits and mistakes
In a new episode of "Confidently Wrong," George and Travis unpack survey results from 700-plus expats across Mexico — their money habits, mistakes and best financial advice. The post New episode: ‘Confidently Wrong’ podcast tackles expat money habits and mistakes appeared first on Mexico News Daily
A new weekly series called "Mexico and My Money" has been launched by Mexico News Daily to address personal finance concerns of expats living in Mexico. The series draws from a survey of over 700 expats across 25 states, revealing some alarming statistics. Despite banking wariness, 71% of respondents own property in Mexico, and nearly 80% have invested in various assets, including real estate, businesses, stocks, and bonds.
However, the survey also uncovered a troubling 18% victimization rate from financial crimes, spanning from landlords withholding deposits to household employees embezzlement over extended periods.
The "Confidently Wrong" podcast episode explores these findings, delving into banking practices in Mexico, cash and credit card usage, and common financial missteps made by expats. The hosts discuss what others are doing differently and provide insights into best practices for managing money in Mexico. Host Travis Bembenek, CEO of Mexico News Daily and a resident of Mexico for nearly three decades, spearheads the discussion.
Written by urgent.news from Mexico News Daily's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
