How much money is required for 30 years retirement?

[HashBrownHarry]

3 hours ago, BritManToo said:

If you don't insist on using Bangkok Hospital (et al), hospital care is really cheap in Thailand.

But most foreigners are too stupid (or fearful) to use hospitals where they may encounter normal Thai people.

 

I'm OK sitting with the Thais all morning if it lowers my hospital bill from 20,000bht to 500bht.

To each their own, you've stated yourself many times your poor so maybe not an option for you.

 

FYI- i went to a local hospital with a pretty nasty wound on my hand ( muscle off bone and required surgery + 27 stitches ), the local hospital A + E dept looked at it and said there was nothing that they could do, i asked for pain killers until i could get to a real hospital ( 3 hour drive ) and they gave me paracetemol.

 

So yeah, thanks but.....no thanks.

 

Would hate to think if it was a life threatening situation.

[HashBrownHarry]

2 hours ago, rumak said:

that's why we say :  different strokes for different folks. 

                              I have yet to have a stroke.

                              but then again I take much better care of myself than most

                              of the world population.

                              eating well and staying fit to me are no brainers.

                              if i go by that criteria,  there are lots of people with no brains  

 

                              I am still going strong .  guess i lucked out.  and the insurance companies,

                              in MY case,   lost.   

Totally agree with staying fit and healthy, makes a huge difference to well being.

 

However this is no protection against accidents.

[HashBrownHarry]

2 hours ago, BritManToo said:

I don't believe in treating cancer.

You live your life, and you accept death when it comes.

At 64, I've done more than I ever imagined and am quite happy to die.

Quite happy to die a slow painful death being a financial burden to who you leave behind??

 

Interesting.....

[EVENKEEL]

7 hours ago, Kadilo said:

40,000B/month , 500,000B/year
 

Budget for a new calculator, might be useful. 

Rounding off on the high side is a good idea, ahhhh deufus.....

[Kadilo]

9 minutes ago, EVENKEEL said:

Rounding off on the high side is a good idea, ahhhh deufus.....

Yes of course. But only on this one isn’t. .........and if you’re gonna call someone stupid probably best to  know how to spell it correctly otherwise its you who may look like one. 

 

Edited July 22, 2020 by Kadilo

[BritManToo]

58 minutes ago, HashBrownHarry said:

Quite happy to die a slow painful death being a financial burden to who you leave behind??

Interesting.....

You seem to be too silly for me to reply or read.

Another for my ignore list.

[Susco]

4 hours ago, Kwasaki said:

7 hours ago, BritManToo said:

Not been much in the way of inflation in Thailand over the past 10 years

Glad someone has said it I don't understand all this inflation talk from other nerds I reckon they are relating it to the exchange rates which has nothing to do with Thai inflation.

So you guys haven't seen local produce increase by at least 100% in the shops and restaurants, the last 10 years?

 

I suggest you visit some specsavers in your neck of woods

 

I agree, in some cases it is not so obvious, because they simply decrease the size/portion before they have to increase the price or offer an empty packing.

[BritManToo]

8 minutes ago, Susco said:

I agree, in some cases it is not so obvious, because they simply decrease the size/portion before they have to increase the price or offer an empty packing.

Smaller portions are good for your health.

Just think about all the future hospital bills you'll be saving by losing that extra weight.

 

Most of my money is spent on

the house, my mortgage has gone down over the last 8 years, although I still pay the same 11k/month.

the woman, that's been 10k/month for the past 10 years (different women, same price).

my daughter school and university .... that expense goes next year ..... big saving.

Can't say I've ever spent much from my budget on food, it's such a trivial expense.

On ignore for your next post that has nothing to do with Thailand or this discussion.

Edited July 22, 2020 by BritManToo

[Susco]

2 minutes ago, BritManToo said:

Smaller portions are good for your health.

Just think about all the future hospital bills you'll be saving by losing that extra weight.

They get smaller portions all the time.

 

 

Not sure if they worry about hospital cost caused by extra weight

[olfu]

How about guy like me?

I hate staying more than 3 month in one country, I learned income may crash for unknown reasons, insurance company don't wanna sell health insurance because my age and I hate to see being poor.

And, yes, all women cost money and as a result I talk to myself.

[rumak]

2 hours ago, HashBrownHarry said:

Totally agree with staying fit and healthy, makes a huge difference to well being.

 

However this is no protection against accidents.

i understand.  We have to make some choices in life.  I chose to tell the medical/insurance mafia to

shove it.... I'd take my chances . This idea that someone has no claims but each year they jack you up

however they like, take it or leave it    haha   i left.

Now i do have extra third party car insurance, since i used to drive a lot.  The cost was reasonable,

and they gave me a discount every year that i had no claim.  I have been on a 50% discount for the last

10 plus years.  No increase.   Now that's fair..... in my book.

 

[HashBrownHarry]

2 minutes ago, rumak said:

i understand.  We have to make some choices in life.  I chose to tell the medical/insurance mafia to

shove it.... I'd take my chances . This idea that someone has no claims but each year they jack you up

however they like, take it or leave it    haha   i left.

Now i do have extra third party car insurance, since i used to drive a lot.  The cost was reasonable,

and they gave me a discount every year that i had no claim.  I have been on a 50% discount for the last

10 plus years.  No increase.   Now that's fair..... in my book.

 

As you say, we all have the choice to make.

 

A friend of mine's wife got hit on her bike by a drunk driver, bad injuries, total bill 3M ++, there are many examples.

 

 

 

 

[thaibeachlovers]

14 hours ago, Airalee said:

Exactly...although I hear hookers have also been lowering their prices.  
 

Everybody always seems to bang on about inflation, but with the COVID-19 pin pricking the inflationary debt bubble, I wouldn’t be surprised to see deflation for quite some time.

What goes down also goes up. The 1980s were no fun unless with money IN the bank. I had enough in 2006 to retire early to LOS and then the crook bankers in New York destroyed that dream in 2007.

[thaibeachlovers]

6 hours ago, rumak said:

i understand.  We have to make some choices in life.  I chose to tell the medical/insurance mafia to

shove it.... I'd take my chances . This idea that someone has no claims but each year they jack you up

however they like, take it or leave it    haha   i left.

Now i do have extra third party car insurance, since i used to drive a lot.  The cost was reasonable,

and they gave me a discount every year that i had no claim.  I have been on a 50% discount for the last

10 plus years.  No increase.   Now that's fair..... in my book.

 

I take it you have several million baht put aside then. Lucky you.

[4MyEgo]

13 hours ago, BritManToo said:

If you don't insist on using Bangkok Hospital (et al), hospital care is really cheap in Thailand.

But most foreigners are too stupid (or fearful) to use hospitals where they may encounter normal Thai people.

 

I'm OK sitting with the Thais all morning if it lowers my hospital bill from 20,000bht to 500bht.

It's not about sitting with normal Thai people or using Bangkok hospital, it's: 

 

1) About affordability

2) Wanting to be treated by professionals that have had been educated and or taught from overseas professionals

 

I used to use the government system until I was misdiagnosed, firstly by my local GP, secondly by the hospital staff and thirdly by the hospitals so called "specialist" who was a young punk who only cared about playing on his mobile phone, all saying to me, is ok, you have the flu, you get better, keep taking medicine and you will get better.

 

During those 3 weeks, two lots of antibiotics weren't doing squat, I was having serious trouble breathing and felt I was pretty much on my death bed, I ended up going to AEK Udon Thani, and as soon as the doctor their saw me and heard my story, sent me for a chest x-ray and to the chest specialist opposite him who also asked for a sinus x-ray, was told I had a severe chest infection and a narrowing of my windpipe, was prescribed lots of lollies and given an inhaler and was on the mend within an hour and just kept getting better.

 

Government hospitals to me are for the basic stuff, drips, blood test etc etc etc, although I have heard that if it is a big university hospital which I have also used for a day procedure, are much better, but personally, after my experience with government hospitals, I prefer the hotel feel, less ques and better qualified doctors, specialist's, after all, I value my life more than anyone else and will pay through the nose to be cared for appropriately, sort of like hotels in a way, you have have the cheap ones for 500 baht or go to the 2,000 baht a night ones for a little more comfort, or if you want to really splurge well, you can always go for premium policy cover/hotels if you can afford it.

[HighPriority]

40 minutes ago, thaibeachlovers said:

What goes down also goes up. The 1980s were no fun unless with money IN the bank. I had enough in 2006 to retire early to LOS and then the crook bankers in New York destroyed that dream in 2007.

Those same crook bankers were also the reason you had enough in 2006...

[BritManToo]

30 minutes ago, 4MyEgo said:

I used to use the government system until I was misdiagnosed, firstly by my local GP, secondly by the hospital staff and thirdly by the hospitals so called "specialist" who was a young punk who only cared about playing on his mobile phone, all saying to me, is ok, you have the flu, you get better, keep taking medicine and you will get better.

I've never encountered a GP in Thailand.

Did you mean 'private clinic'?

I go to the hospital.

[marvin1950]

Remember you get what you pay for.

 

Cheap price for medical care does not mean good quality of service.

[BritManToo]

10 minutes ago, marvin1950 said:

Remember you get what you pay for.

Cheap price for medical care does not mean good quality of service.

I just want whatever is wrong to be fixed.

I don't need a quality chair, comfy bed or air-con while it's being done.

 

I once fell while running in the mountains, split my knee open.

Made it to CM Neurological Hospital (up the road from Suan Doc), no waiting as I was pumping blood.

8 stitches, pain killing injections, antibiotics to take home all for 250bht.

A pal of mine cut his arm and went to CM RAM, same number of stitches, similar treatment all for 4,500bht.

We compared stitches ...... about the same level of workmanship.

Edited July 23, 2020 by BritManToo

[rumak]

1 hour ago, thaibeachlovers said:

I take it you have several million baht put aside then. Lucky you.

I have at least as much as I have saved from not throwing my money away  giving it to the insurance mafia.  Not lucky,  just lived within my means.

More than enough to pay for any hospital procedure here in Thailand .

Like BM2......  i get very very affordable service at the hospital i go to.  And nice attitudes as well.

 

Edited July 23, 2020 by rumak

[rumak]

14 minutes ago, marvin1950 said:

Remember you get what you pay for.

 

Cheap price for medical care does not mean good quality of service.

That is true in many cases in life.

It is also false to assume because you pay more for something you will get better job/service, expertise.

 

The surest way to get something done right, is nurture the greatest asset we have .  Our brain .

Educate yourself,  train your brain to make good decisions.......... don't blindly follow what others

tell you.      

 

 

[bartender100]

Have you thought the fact up that some pretty uneducated young Thai farmers' daughter will have all that money off you by the time your 60yo

 

You won't be the first or the last

[marvin1950]

There are two separate issues here.

 

- Cheaper government hospital vs private hospital

- Health Insurance vs Self insured.

[1FinickyOne]

19 hours ago, Grumpy one said:

What makes you think you will reach 80?

 

19 hours ago, Kadilo said:

Or 85?

Sure - he might reach 95 or 100 and need a good bit of assisted living or worse along the road... 

 

nobody can plan well for dementia... 

 

and the greatest factor might be the unanticipated... how many Brits who were getting 77 baht to the dollar expected to get 10 or whatever they get... yeah, I know like 38+ ---- 40+ when Buddha smiles and they have the correct amulets. 

Edited July 23, 2020 by kenk24

[hotandsticky]

10 minutes ago, kenk24 said:

 

Sure - he might reach 95 or 100 and need a good bit of assisted living or worse along the road... 

 

nobody can plan well for dementia... 

 

and the greatest factor might be the unanticipated... how many Brits who were getting 77 baht to the dollar expected to get 10 or whatever they get... yeah, I know like 38+ ---- 40+ when Buddha smiles and they have the correct amulets. 

 

 

 

40.25 today  -  Buddha must be smiling............................... never had less than 38.

[1FinickyOne]

25 minutes ago, hotandsticky said:

never had less than 38.

There's still time... 

[tf6122]

17 hours ago, Kadilo said:

What If you have an accident and unable to “hop” anywhere ?

Or face travel restrictions similar to the current 

[Brickbat]

It’s like retiring anywhere . Except here, visa rules require 65,000 thb per month income. That amount decided by the Thai govt, I guess will rise with inflation. If that income keeps coming in, you should manage till death.
 

And as a back stop, ,you would have enough capital to generate that income. So no sweat. 
as we get older, our needs are less, but medical bills Will increase . Insurance should cover most of that and imperative . Or self insure.

chok dii.

[marvin1950]

If you are self insured can you cover your total hospital costs if you have covid-19?

 

I assume if you are self insured here in thailand you would be self insured in your home country?

 

And covid-19isnot doing well in most of the world.

Edited July 23, 2020 by marvin1950
additional

[chicowoodduck]

However long you make it until your dirt nap.....you will need a crapload.....just to survive, after that another truck load IF you lay off of the ladies, drinks, food, health insurance and the like.....IF you are lucky....????????????????