So, we are here visiting James’ mom. We got to talking, and there are a couple of things to keep in mind when visiting the islands. First off, Hawaii is more expensive than the mainland. For example, the price of food can be met with sticker shock, a gallon of milk costs around 6 dollars.

There are a couple of things that visitors to the islands should keep in mind.

First off, be respectful. Don’t complain about high prices. Everything costs more in Hawaii because it has to be shipped here. The nearest landmass is 2,500 miles away. While a lot of people don’t like Wal-Mart, ourselves includes, it has helped to lower the cost of basic food and household materials for Hawaiians who are fortunate enough to have one locally. Gripping about the price of goods isn’t appreciated by locals and it won’t make your vacation any more enjoyable.

Second, check your sense of entitlement. Cultural and communication styles differ here. Here, if you want extra shrimp on your salad or you want more lemon in your water, you’ll be charged extra. Restaurants must do so to stay in business. Wait staff also depend on 20% tips and are likely working multiple jobs to make ends meet. If you can afford a vacation to Hawaii, build in the price of paradise.

Last, but not least, Hang Loose. Weather your on vacation or business, get used to a slower pace of doing business. Hawaii is a mix of Asian, Polynesian, Micronesian, and other cultures. Locals of all sorts are not known for being assertive. The pace of life is simply slower here than in the mainland US.

Our recommendation to visitors is to build extra into your budget for everyday expenses. Also, visitors should try to get into the pace of island life, which is slower, but you’ll be handsomely rewarded with natural beauty, friendly people and great weather.

With Much Aloha,

The DINKs (Miel and James) and Carol, James’ mom.

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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