Comments on: Money Stories: The Most Profitable Wedding Ever!

By: Warren

Warren — Mon, 18 Feb 2008 08:39:06 +0000

now i know i’m a little late in the convo but what about multi cultural weddings.. you’ve mention koreans traditions. now what if you include a chinese tradition tea ceremony.. the newlyweds get ‘Lai See’ and Gold jewellery from the families as well the extended families. would that tips teh scale slightly more? (assuming the family and relatives are generous)

By: MoneyNing

MoneyNing — Sat, 09 Jun 2007 03:34:52 +0000

You forgot about the fact that you have to share half your earnings with your ex-wives if you re-marry so many times

Disclaimer: I love my fiancee.

By: Wealth Building Lessons

Wealth Building Lessons — Sat, 09 Jun 2007 02:55:55 +0000

If I was Korean, I’d get married every other year!

By: MoneyNing

MoneyNing — Wed, 06 Jun 2007 03:32:03 +0000

5k is no small amount and 10k is even better! I envy your family!!!

I would be happy if we comes out even in our wedding!

P’yebaek, hmm.. I wonder if we can have that in our wedding too.

By: sadiebelle

sadiebelle — Wed, 06 Jun 2007 03:07:06 +0000

Well, let’s not get crazy, it is usually a cash gift per couple, not person as I stated above, sorry about that. And the amount of money that you give correlates to what your relationship is to the family (if you’re close you give more). I received checks ranging from $50 to $500. My sister made out better than I did, she made over $10K and I made a little under $5K (she had a larger wedding).

Hmm, well I haven’t heard of the payback of loans, although funny enough, there is a Korean wedding custom called P’yebaek where brides/grooms bow to family, they exchange some words, then the family presents at the end of the bow a small gift of food or… more cash! woo-hoo!

By: MoneyNing

MoneyNing — Wed, 06 Jun 2007 01:07:52 +0000

Jenn,

We might have to rely on our korean friend sadiebelle on answer your question, but I doubt many Koreans lend money out to everyone else. Even if it was the case, I’m sure the money people lend out is concentrated to a few people unless they own a bank or something in which lending to tons of people is a standard business.

By: Jenn

Jenn — Wed, 06 Jun 2007 01:03:08 +0000

I had a friend once who was half Korean. She received some large amounts like that at her wedding-she said that it is a cultural thing where people will actually pay back loans to the parents or to other family members by giving the money as a gift to the children at their wedding.

I’m not sure how true that is, it is just what she told me.

By: MoneyNing

MoneyNing — Wed, 06 Jun 2007 01:02:46 +0000

$200 per person is pretty profitable in my books. Considering a wedding of 100 people, that’s $20,000 dollars for something people don’t normally see as a profit opportunity!

By: sadiebelle

sadiebelle — Wed, 06 Jun 2007 00:18:01 +0000

Hehe… well considering we spent about $100/head, we didn’t make out as much as I’d like, but I think we did ok. Gotta love those Korean traditions

By: robert

robert — Tue, 05 Jun 2007 21:30:47 +0000

sadiebelle,

Geez! I thought this story was a little over the top but it is apparently true!

Great to hear that you also got an avg of $300 per person and hopefully you made lots of money with this! (give me some okay?)