Investments

I'm 31 now, I have a goal to save one million dollars by the time I will be 60. That's 29 years. That's $34,482.75 I should save each year, next 29 years in the row. That's a lot. I currently make less than $20,000 per year, by US standard I'm the one who falls into the category - working poor. However, unlike my colleges in US, I live overseas (see living in Georgia) where standard of living in much much lower if compared to US , and in fact with funds I have here in Georgia I can afford…

My previous two articles about average salaries in European Union (EU) member countries turned out to be one of the most popular on the blog so far, I would even call them killer articles.  The first post about average salary in EU for 2014 - got more than 85,000 page views; post about average salary in EU 2015 got more than 90,000 page views to the date Update: Average Salary in European Union 2018 In today's article, I will wrap up latest data on the average salary in EU for 2016. I…

In 2016 there were 22 out of 28 European Union member states with official minimum wage set by the government. Update: Minimum Wages in European Union 2018 The most are receiving residents of Luxembourg (EUR 1,923.00) while the least in Bulgaria (EUR 215).  By simple calculations, I averaged the average minimum wage in 22 EU member states - EUR 810.82. In most of the member countries there is an increase in minimum wage in 2016, still, there is one country with sharp decrease. N.B.…

There have been some positive improvements for raising the minimum wage in all three Baltic states (Estonia, Latvia, and Lithuania) in recent years. And there are more to come. In 2016 minimum wage is set to rise in all Baltic states. Estonia will have a minimum wage of EUR 430; Latvia - EUR 370 and Lithuania - EUR 350. Update: Minimum Wage Set to Rise in the Baltic States in 2018 Here are my previous articles about minimum wage in Baltic states: Minimum wage in the Baltic States 2013 and…

My previous post about average salary in European Union for 2014 generated some buzz on social networks (Facebook, Reddit, Twitter) and on other websites, in total it has generated more than 15,000 page views. I decided to compare how does average salary have changed a year later. Update: Average Salary in European Union 2018 And I found following; Average median salary has decreased for about -1.3% in European Union in 2015, resulting in EUR 1470 / USD 1631 down from EUR 1489 / USD 1861 in…

A year ago I created a blog post about minimum wages in European Union in 2014, that post generated a lot of views (more than 20,000 page views) and some buzz (got shared on Facebook, Reddit, and many other websites) Update: Minimum Wages in European Union 2018 I decided to look back and compare how does minimum wage has changed in European Union member countries a year later (2015) Minimum wage in European Union 2015 In short - minimum wage has been increased almost in every country,…

Welcome to my third savings report, today I will look at historical exchange rates of GEL/USD and EUR and compare those with at the end of January (2015) with February 24. I started to save some chunk of money back in September 2014, since my "investments" was too small to buy some bonds, stocks or mutual funds, I decided to open a Savings account here in Georgia (I'm currently living here) in local commercial banks. I started low - by depositing some 300 GEL (what back then equaled to  to $…

A time ago, in September 2014, I started to save some money, I was so eager to save money, that I even started a new category on my blog - 'Savings Reports'. 4 months from my first, and yet latest, Savings report have passed, back then in September I deposited a small amount of sum of 300 GEL, which back then equaled to $169.68 or EUR 131.81. By today's exchange rates 300 GEL would equal to $145.27 or EUR 128.75, which basically means following, since the end of September Georgian national…

Georgia has been experiencing significant growth in the lending business in recent years. With a favorable economic environment and a friendly business climate, many lending companies have been attracted to the country, offering a wide range of financial services to businesses and individuals. In this article, we'll take a closer look at the lending business in Georgia and how it has been evolving. The lending business in Georgia is regulated by the National Bank of Georgia (NBG). The NBG is…

The Baltic States, which include Estonia, Latvia, and Lithuania, have been recognized as one of the fastest-growing regions in the European Union. The region has experienced significant economic development, attracting foreign investment, and becoming a hub for technology, finance, and other sectors. One crucial aspect of this growth is the regulation of minimum wages. In 2015, the minimum wages in the Baltic States were as follows: Estonia - The minimum wage in Estonia was €390 per month…