I would like to thank everyone who responded to my previous post of retiring early in Thailand (Asia).
http://www.ajarnforum.net/vb/not-tea...save-more.html (Retire young with less money or work longer to save more ????)
At the age of 35-36 I decided it's better to save some more money before moving onto the next chapter in my life.
The respondents of my initial post really gave me good info and after some more research I realized that 8% return is possible over the long run, but I would need to elevate my exposure to more risk than I should assume if I was in retirement mode.
Thus, I'm still working and will be embarking on a new business project that involves over 50 million bhat, however if this project / business pans out it should afford me with 7 million bhat for the next 40 years. Wish me all the best, b/c if this project doesn't pan out in the right direction I won't be retiring.....for a long time!
Have a good one!
The 'bhat' is the currency of Bhatistan not Thailand, don't think you'd want to retire there.
^ I know quite a few people that spell it like that...I don't think there is a set spelling with many Thai into English words...Jatukack/Chatuchak/Phaholyothin/Phahonyothin
Riddle me this brother can you handle it
Your style to my style you can't hold a candle to it
Equinox symmetry and the balance is right
Smokin' and drinkin' on a Tuesday night
It's not how you play the game it's how you win it
I cheat and steal and sin and I'm a cynic
"wish me all the best" are you family or something?
"I don't think there is a set spelling with many Thai into English words"
baht / bath
Best laid plans... comes to mind. I have travelled alot and very rarely do your plans turn out the way you expected them. It will be the same with your expectation of retirement in Thailand: it won't be the same as you envisage. Also when you retire, what are you going to do, especially as you probably have been sooo busy working all your life?
My advise is to enjoy life as you live it. Work and make some money; take some time off and enjoy your money. You never know you may get run over tomorrow and all that hard saving would have been wasted... Not to mention as you get older you are more likely to catch some disease, disability, that will put a dampener on things.
I retired once in my 30's; after three months couldn't wait to get back to some form of work! I then decided I would never retire and would always do something! Now I have a very happy life! Currently doing NOTHING in Bangkok and will head back to Europe in spring to do some work. Yippee!
I am bumping this thread because the average tefler would have to work 20 years to make (let alone save) this much, so I am sure they might get antsy if no updates are provided on regular basis.
Oh my oh my. How can you retire on only 7 million baht a year? poor poor you.
Sounds like a future cash-flashing trophy-wife shopping poser in the making.
SR20bet, can I suggest that your chances of reaching that lofty goal might be enhanced by getting hold of the book "Your Investment Guide to Thailand" - just recently out and packed with very very helpful stuff. you can google on the book title to get more details
7 million a year what a joke. Your rich we get it.
The bloke is broke already. You can find him outside Kings Cross with a piece of cardboard and a tin cup.
Those that want to read whatever they can want all freedoms, but have to understand they can have freedom, but it must be within the law.