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Showing posts with label Debt. Show all posts
Showing posts with label Debt. Show all posts

Several Countries with the Most Debt in the World

Most Debt
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The high wealth of a country is certainly not without debt. Some countries with large economies and population numbers a bit, does not guarantee the country only has a small amount of debt.

Some economic events even natural disasters can cause a country's economy is difficult to be recovered.

Such as the launch of The Richest on Monday (29/7/20131), there are some countries that burden of debt to its citizens and must be paid in cash, goods or services.

Some countries borrowed large sums of money easily but often find a lot of obstacles to pay it off.

Measured by the ratio of debt to gross domestic product (GDP) of a country, the following Several countries with debt ratios in the world, namely:

1. Japan
One of the countries in Asia consists of 6852 islands. They number 126 659 683 inhabitants. Sakura country is one of the countries with the world's great powers. Although a large country, the debt ratio reached 225.8% of GDP.

The debt caused many housing problems that occurred in the 1990s. The country is known to have a budget of about US $ 1 trillion, but the earthquake and tsunami makes it useless.

2. St. Kitts and Nevis
This country has one of the islands are found in the Caribbean Ocean. Estimated population numbered only 51,300 people. The country's economy relies on tourism and greatly influenced the global recession.

Debt is due to the failure of foreign investment. The percentage ratio of debt to GDP is 196%.

3. Lebanon
With a population of 4.224 million people, half of government revenues allocated to repay the debt.

In the past, this debt is the result of massive protests in the country. Until now, the percentage of its GDP debt reached 150.7%.

4. Zimbabwe
State that was first discovered in southern Africa has a total population of 12.6196 million inhabitants. Zimbabwe's financial crisis caused wasteful habits that time president Robert Mugabe.

With a total debt ratio of 149% of its GDP, the International Monetary Fund (IMF) even reported this country was under the pressure of debt.

5. Greece
Approximately 11 million people live in Greece and the debt is known to be the main focus in the countries of the Gods. Debt to GDP ratio reached 144% of this country.

Several attempts were made to overcome the amount of debt even interfere in the country's credit rating. However, the IMF believe Greece is able to handle it.

6. Iceland
Located between the continents of North Atlantic and Arctic, Iceland inhabited by about 321 857 inhabitants. Although the percentage of debt at 123.8% of GDP, the country is still able to provide free health care to its citizens. Iceland are required to take greater economic development policy to tackle the debt.

7. Jamaica
This island nation located in the Caribbean Ocean. Total population numbered 2,889,187 people. From 1996 to 2003, the national debt is recorded on the rise.

This large amount of debt occurred as deterioration of the financial sector and the scarcity of the agricultural sector.

Even so, most of the debt came from Jamaica own population. Currently, the ratio of debt to GDP in the country stood at 123.2%.

8. Italy
Despite having the world's third biggest gold reserves, total debt of Italy is one of the highest amounts to 118.1% of the GDP of the country.

Based on the debt, Italy is the second country with the highest debt in the world. Although owe a lot, this country has no plans to raise taxes in order to overcome the deficit.

9. Singapore
One of the countries located in Southeast Asia has recorded around 5.3124 million inhabitants. Its economy is heavily dependent on exports and imports.

The manufacturing sector accounts for about 26% of the GDP of the country. As a result of the economic downturn caused a decrease in financial services and manufacturing, the debt reached 102.1% of GDP.

10. Belgium
This country has long been known to wound a lot of debt. Belgian population recorded amounted to 11,035,948 with a debt of about 141% of GDP. The number of Belgian debt is a result of political instability.

source: therichest.com

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Want Rich Quick ? Try this Ways



For some people, print treasure coffers is not a complicated issue. But indeed, for some other people, collect money so they can make life wallowing in wealth requires quite hard money business.

Financial Planning Association reveals, in fact to make a lot of money is not a difficult issue. Someone just needs to follow three simple rules to become rich.
One member of the Financial Planning Association, Rienzie explained, though easy, not many people are able to survive for three rules that can run and eventually give up before getting rich.

Well, what are the three rules, following three simple rules that can make you rich fast as quoted from page Rappler.com, Tuesday (10/21/2014):

1. Saving
This is an obstacle many people in making money. It is true, many people have a salary, commission and benefits, but not all of them are able to save.

Everyone has a different way of managing finances. But people who are able to save money can make more money.

Remember, saving your expenses and stop spending money to meet various personal desires. Use the money just to buy things that are needed and the remaining tubes.

2. Invest
Rather than save money better you make it spin and generate greater wealth. Investing your money is a more appropriate way.

Make sure you have studied various strategies to invest in order not to lose the capital that was embedded. Divert your funds from aggressive investments to more conservative areas in order to make more money.

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When saving and investing is not enough to make money, it's time for you to be more creative to find other sources of income. It can be through a hobby or other personal abilities.

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Ways Debt Free Life



Debt bondage often makes it difficult to organize personal finances. Excessive spending habits may be one reason you get into debt and will be difficult to get out of the windings.

Do not worry, you still can come loose from the shackles of debt even for a lifetime. First, of course you have to know the cause of your debt pile up.

After that, you can also add income so that no deficiency in sufficient daily needs. Here are four powerful ways a debt free life, as quoted from Boldsky.com, Saturday (01/11/2014):

1. Do not use a credit card
Credit cards are one of the causes of your very wasteful. The act of removing excess money it just adds to your debt pile.

From now on, throw your entire credit card and start buying with cash. If you do not have the money, stop spending.

2. Find more income
Working hard so you can get more money. Make sure you have a lot more credit than debit cards.

This way can make you happier than the saving spree. So do not spend money recklessly.

3. Pay bills each have the money
FIRST you paid all the bills that come every time you have the money. Also make sure you do not add to the debt every month.

Start paying bills with the lowest number to the highest. Slowly, you will be out of debt.

4. Commit to yourself
Make a commitment to yourself to begin to pay any debts. Promised myself to not shop excessively. Change lifestyle so that you can have the freedom to use the money without debt.



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