Some Words on Countries and Currencies

I’ve lived in different countries and travelled to dozens more, and I’ve written this blog and book broadly with the parents of ‘Western’ countries in mind.

 

The ideas and methods are transferable pretty much anywhere, but I tend to use examples from the United Kingdom, Canada and the United States as I’m most familiar with these countries and how their investment markets work. Throughout this blog and book you will see me jump between dollars (think US, Canadian, Australian, Kiwi or whatever your dollar is) and British pounds. When I use a $ sign if you live in the UK, simply replace it mentally with a £, if you live in Germany then you know to think €.

 

The same goes for terminology, which is slightly different in different countries; for example a ‘mutual fund’ in the US or Canada is usually called a ‘unit trust’ in the UK; and ‘stock’ or ‘stock market’ is the same as ‘share’ or ‘share market’. I’ll also give examples from different places and make references to different tax systems.

 

Remember, the point of the Child Millionaire system is principles, which are universal, not the unit of currency or terminology.

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