
CartagenaWarlock
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Everything posted by CartagenaWarlock
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There will never be a crackdown to stop spreading wealth through agents. Why? Because the bosses know that desperate people who can't seek out a living in their own country and have to travel 10,000 miles to survive in a foreign land like refugees can do that only because they are lucky enough to earn dollars and unfortunates are not lucky enough to earn dollars; hence, they need the "spreading the wealth" system to continue.
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Mail forwarding services for Americans
CartagenaWarlock replied to wornoutcowboy's topic in General Topics
There are hundreds of no-fee credit cards with mileage points. I have a few dozen. -
Phat Kaphrao ranked third best dish in the world by Taste Atlas
CartagenaWarlock replied to webfact's topic in Thailand News
Ok, got it. Lacking writing skills. -
Phat Kaphrao ranked third best dish in the world by Taste Atlas
CartagenaWarlock replied to webfact's topic in Thailand News
These types of statistics are collected based on surveys of populations in their tribe (or group). Why do you need proof of that? -
It is the same thing for US social security. If delayed, you get more. My ss.gov website shows my FRA at current prices is $3,400, and at 70 it will be $4200. Should I delay it to 70 or take it out at FRA? Another tidbit similar to this concept. In the US, you can take out a reverse mortgage for up to 80% (imagine somebody has a house in California worth 800,000 USD. He is sitting on half a million dollars of cash from your house's current value, or you can sell future equity in your house, and the amount depends on the current interest rate and your age. What would you do?
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Mail forwarding services for Americans
CartagenaWarlock replied to wornoutcowboy's topic in General Topics
But they have the world's best fraud protection. By US law, all cards (including Visa and MasterCard-branded debit cards) have a maximum fraud liability of $50. Due to competition, the banks offer zero-liability cards. One phone call, and the charges are removed. Once, I lost my card in a Bangkok hotel, and someone charged me 80,000 baht purchasing gold. I made one call, and the charges were removed. It happened multiple times in the US and UK and all charges were removed. -
New minimum wages are too low and need review : PM
CartagenaWarlock replied to webfact's topic in Thailand News
Is it not the same thing throughout the world? No wonder people have to travel 10,000 miles to live like refugees in a foreign land, possibly using a "wify" visa, even though they are lucky enough to earn dollars. -
It's a moronic comparison. The person who is paying 20K baht for his retirement is getting much more than that by investing it outside Thailand. He gets it done in 10 minutes with his passport only. He does not have to do any other nonsensical paperwork. And he is spreading his wealth to unfortunates who don't have access to earning dollars. Have you seen those old men hugging the ATM to update their bank books? It is fortunate to be able to earn a dollar by sheer luck of birth and then travel 10,000 miles to seek out a living in a foreign land. For those, maybe DIY is a great accomplishment, but for others, spreading the wealth to unfortunates who don't have the luck to earn dollars.
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Mail forwarding services for Americans
CartagenaWarlock replied to wornoutcowboy's topic in General Topics
I have a question about these mail-forwarding services. Do you notify all your credit cards and banks, the SS office, the driver's license office, etc. about your new mail forwarding address? I have used them in the past to forward my business correspondences (long time ago, even checks people sent to me) to these virtual mail boxes. -
Really a stupid tax ?
CartagenaWarlock replied to federicoP's topic in Jobs, Economy, Banking, Business, Investments
You get a decent living that you can't get in your home country, and you possibly can't get a wife to live with you using a "wify" visa. -
typical retiree (foreign home) situation
CartagenaWarlock replied to jaxon's topic in Thai Visas, Residency, and Work Permits
I have sold two condos in the US but kept the house I bought a long time ago. During the summer, it needs yard maintenance. After receiving a fine from the city for having tall grass in the yard, I hired a company to mow once per month from April to November. I don't rent it. I used to rent my condos to AirBNB using an AirBNB management company for 25% of the full service. Great investment during the low interest rate in the past. You put down 5% and get the condo, and then rent it on AirBNB. My condos were in Las Vegas and Fort Lauderdale. The house is in IL, which I still own. -
For Expats only. Thinking the unthinkable.
CartagenaWarlock replied to swissie's topic in ASEAN NOW Community Pub
If Russia takes over Europe, there is no existential threat to the US but US would get involved if a NATO country is attacked. -
Some make more money in a year than your entire family earns in their lifetime. No wonder people had to travel 10,000 miles for a living in a foreign land, like refugees, possibly using a "wify" visa.
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178/187 day split to avoid tax resident status.
CartagenaWarlock replied to bob smith's topic in ASEAN NOW Community Pub
Comparing the interest rate deduction to money brought to Thailand is not the same. Interest rates are accrued when money is kept in the account. If you withdraw it immediately after a deposit in the account, there is no interest or deduction. Moreover, they deduct for every person, whether you stay 180 days or not. -
178/187 day split to avoid tax resident status.
CartagenaWarlock replied to bob smith's topic in ASEAN NOW Community Pub
This will not work. The bank cannot charge 35% tax (tax is progressive, not a flat rate). Banks do not know who is a resident or a non-resident. Banks will vigorously oppose it.