Sunday, 13 March 2011

Why don't you just put it in your wife's name?

I have been asked the above question many times and there are several reasons:
  1. I am stubborn;
  2. I still have a "fix the world" streak;
  3. Sometimes my wife says no, like when I wanted to get highly leveraged to buy an apartment;
  4. I believe if people want my money, they should be prepared to make a contract with me;
  5. I had reservations about placing debt in the name of my non-working spouse, now they are reservations about putting debt in the name of my spouse who earns less than me;
  6. Finally I believe that Korea cannot become a global financial centre while the word foreigner is used to justify not providing services to customers.
I have my mobile phone, our apartment (rental) and our car in my name.  I hope one day to be able to put a mortgage in my name too.

I hope you're having a great day.




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