There is a man at my work currently on disciplinary paid leave .

 

But he is 60 and recently divorced and has  1 million dollars AUD which is 23 million baht  , after selling the house in Australia and retirement savings combined 60yo

 

He is going to Thailand ,no plans ,no nothing ,he has been there many times 

 

I told him not to ,he said stress ,life ,divorce , has given him a breakdown he must leave as soon as the money hits his bank account,he starts crying to me at work on one of his days of interview,he said I had enough, the house is sold ,the Superannuation will hit the bank account and I'm off ,no planning ,no nothing and I won't be back !! 

 

Obviously he won't survive,why ?

No planning ,I'm 62 and still planning , unable to survive on that money for the next 50 years he has left .

 

Did you plan on retiring to Asia or just left !

Edited September 30, 20232 yr by georgegeorgia

Why wont he survive?

Because you wouldn't?

 

Why did you tell him not to?

At 60, a million dollars is more than enough to last if he's smart.

 

Why shouldn't he enjoy his latter years in Thailand?

Australia isn't great for 60 year old single men.

You want him to wait until he's 70?

 

"For the next 50 years"?

You think he's going to live until he's 110?

 

I did exactly the same thing 35 years ago , small bag of belongings ,

had enough money , never looked back ,never been back to UK , so

it is possible to make it.

 

 

34 minutes ago, georgegeorgia said:

No planning ,I'm 62 and still planning , unable to survive on that money for the next 50 years he has left .

You think he's going to live to 110 years old?

I'm in my 70s and don't intend being around in my 90s and sooner would be better.

 

If I had 23 million baht I could live in LOS like a king for the rest of my natural life. Don't know why you think he cant.

I moved to Asia with a one-way air ticket, suitcase, a box of books, and $500 in my pocket. That was over 30 years ago. I have never questioned that decision. Not once.

1 minute ago, thaibeachlovers said:

You think he's going to live to 110 years old?

I'm in my 70s and don't intend being around in my 90s and sooner would be better.

 

If I had 23 million baht I could live in LOS like a king for the rest of my natural life. Don't know why you think he cant.

Yep

 

Had a mate from the UK who was loaded.

Was 67 and still working in a highly paid job plus getting a service pension.

 

Had a Thai wife in Thailand.

He used to come for holidays twice a year and fly her over to England twice a year.

 

Last time he was here a few years ago, I caught up with him and asked him why he didn't relocate to Thailand as he loved it here.

"A few more years" he kept telling me.

 

Caught Covid in Spain on a work trip a month later and died.

51 minutes ago, georgegeorgia said:

Did you plan on retiring to Asia or just left !

I was 52, being divorced, bought a cheap holiday that happened to be in Thailand. Liked it and decided to not go back.

 

Now 67 and still here.

 

This guy has way more than I had, only a problem if he starts buying houses for Thai women.

Edited September 30, 20232 yr by BritManToo

8 minutes ago, BritManToo said:

This guy has way more than I had, only a problem if he starts buying houses for Thai women.

The OP said he's been to LOS many times, so likely he will not fall for that scam.

Good decision as long as not a pre alcoholic or alcoholic or unable to control his money

You can always spot a move abroad procrastinator from 10 miles away. These guys full of big talk about how they plan to move abroad at some vague date in the future. 90% never end up making the move, most often due to health problems. They're more in love with the dream than actually moving. No harm in fence-sitting and day dreaming, but for those of us who had the guts to pull the ripcord and the wherewithal to make it work, the heckling from the peanut gallery can get a little tedious at times.

Edited September 30, 20232 yr by Gecko123

฿1M a year (not needed) for 20 yrs and he's 80+yrs old.

 

Could easily live on half that.  Barring stupidity or major health issue.

 

Keep 3M or more as an oops fund, and should be fine.

Edited September 30, 20232 yr by KhunLA

1 hour ago, georgegeorgia said:

There is a man at my work currently on disciplinary paid leave .

 

But he is 60 and recently divorced and has  1 million dollars AUD which is 23 million baht  , after selling the house in Australia and retirement savings combined 60yo

 

He is going to Thailand ,no plans ,no nothing ,he has been there many times 

 

I told him not to ,he said stress ,life ,divorce , has given him a breakdown he must leave as soon as the money hits his bank account,he starts crying to me at work on one of his days of interview,he said I had enough, the house is sold ,the Superannuation will hit the bank account and I'm off ,no planning ,no nothing and I won't be back !! 

 

Obviously he won't survive,why ?

No planning ,I'm 62 and still planning , unable to survive on that money for the next 50 years he has left .

 

Did you plan on retiring to Asia or just left !

Keep on planning; I have seen friends do it - and die before they reached the start date of their retirement plan. Major events like this throw up opportunities.

 

Of course your friend should go to Thailand, of course he may not 'survive', but he has to give it try to get the past out of his system. It is preferable if he has a friend to accompany him for at lest part of the trip.

 

Tell him to book a month and have a budget of 150,000 Baht for spending money. Be prepared to send the same amount if the budget is blown in the first 2 weeks. DON'T spend more than that, don't buy anything - the budget should cover rental of everything.

 

Go back home for a month and see how it all feels.

 

Take it from there, he is unlikely to be in no worse state than he is now.

 

 

22 minutes ago, BritManToo said:

I was 52, being divorced, bought a cheap holiday that happened to be in Thailand. Liked it and decided to not go back.

 

Now 67 and still here.

 

This guy has way more than I had, only a problem if he starts buying houses for Thai women.

 

 

My situation was very similar. 2 short holidays in 2006, visited 5 times in 2007and moved here in 2008 at age 52.

 

 

Minimal pension but I knew/hoped that other things would improve my financial position at a later date.

 

 

This guy cannot view Thailand as an escape from his woes at home (although a visit as a tourist may do him no harm). He has got to want to be here for positive reasons, not run away for negative reasons.

1 hour ago, georgegeorgia said:

He is going to Thailand ,no plans ,no nothing ,he has been there many times

So, what's the problem?

He can party for a couple of months and then think again what he wants to do. Maybe party some more.

 

I planned my move to Thailand, but I was much younger and had almost no money. So, I had to plan how to make that work.

With enough cash it's just: Let's go and look if I like it.

1 hour ago, Will27 said:

Why wont he survive?

Because you wouldn't?

 

Why did you tell him not to?

At 60, a million dollars is more than enough to last if he's smart.

 

Why shouldn't he enjoy his latter years in Thailand?

Australia isn't great for 60 year old single men.

You want him to wait until he's 70?

 

"For the next 50 years"?

You think he's going to live until he's 110?

 

Very sensible answer, thanks

 

I think the biggest hurdle many people make themselves is that they somehow think they make a decision for the rest of their lives. They don't!

 

After I made a few holidays in Thailand I thought I want to move to Thailand and live there. And I did that. I liked it, I made enough money, was able to legally stay here, fine.

But all that was not clear from the beginning. So, it could have happened that I would have gone back or somewhere else after months or years. And why not?

It's like "she is the girl I want to live with". Yeah, sure. For one year, a decade, or the rest of your life? Take it easy and don't make too many long-term commitments. 

1 hour ago, georgegeorgia said:

There is a man at my work currently on disciplinary paid leave .

 

But he is 60 and recently divorced and has  1 million dollars AUD which is 23 million baht  , after selling the house in Australia and retirement savings combined 60yo

 

He is going to Thailand ,no plans ,no nothing ,he has been there many times 

 

I told him not to ,he said stress ,life ,divorce , has given him a breakdown he must leave as soon as the money hits his bank account,he starts crying to me at work on one of his days of interview,he said I had enough, the house is sold ,the Superannuation will hit the bank account and I'm off ,no planning ,no nothing and I won't be back !! 

 

Obviously he won't survive,why ?

No planning ,I'm 62 and still planning , unable to survive on that money for the next 50 years he has left .

 

Did you plan on retiring to Asia or just left !

How many years does he have left? Do you know what percentage of the population lives to be 110? He likely has no more than 25 years left. And he has enough money, especially with his pension. 

 

Quite the contrary to your position. Life is way too short to hang out in a broken down nation, that gives you no fulfillment. 

Living here and coming here on holiday are very different. I have met people who would probably have been better off staying in their own country. He should budget for at least a year here then if he still wants to stay he can make the final move.

2 minutes ago, bigupandchill said:

Living here and coming here on holiday are very different. I have met people who would probably have been better off staying in their own country. He should budget for at least a year here then if he still wants to stay he can make the final move.

 

Coming here for a year, straight off, would not be sensible.

 

Try a taster first. Money is not an issue, I only mentioned budget for a one month trip to LIMIT the amount he spends. Later, after a period of reelection back home, he can then make plans for a longer stay  -  that is the time to take a look around, research the country, the female company and think about where he might want to put some roots down - or not.

2 hours ago, georgegeorgia said:

There is a man at my work currently on disciplinary paid leave .

 

But he is 60 and recently divorced and has  1 million dollars AUD which is 23 million baht  , after selling the house in Australia and retirement savings combined 60yo

 

He is going to Thailand ,no plans ,no nothing ,he has been there many times 

 

I told him not to ,he said stress ,life ,divorce , has given him a breakdown he must leave as soon as the money hits his bank account,he starts crying to me at work on one of his days of interview,he said I had enough, the house is sold ,the Superannuation will hit the bank account and I'm off ,no planning ,no nothing and I won't be back !! 

 

Obviously he won't survive,why ?

No planning ,I'm 62 and still planning , unable to survive on that money for the next 50 years he has left .

 

Did you plan on retiring to Asia or just left !

Man at your work.....Hmm... Exactly where do you work nowadays?...hard to keep track with all of your fictional back stories. 

1 hour ago, bigupandchill said:

Living here and coming here on holiday are very different. I have met people who would probably have been better off staying in their own country. He should budget for at least a year here then if he still wants to stay he can make the final move.

What final move?

Why can't he change his mind after months, years or decades? 

3 hours ago, Will27 said:

Australia isn't great for 60 year old single men.

I'd rather live in Australia than Thailand. 

3 hours ago, scubascuba3 said:

Good decision as long as not a pre alcoholic or alcoholic or unable to control his money

No but he is in " paid disclpline suspension leave " by Human resources 

 

Only rumours what he done but apparently used the work email to send "something" to a female colleague who he thought liked him .

 

He was going thru a bad divorce at the time , he still was emotional the other day in the work mealroom when he visited.

 

He looked like he had a breakdown, he was saying he is off and won't be back.

He had no more house in Australia,and he has 2 daughters who apparently he is not close to 

 

 

23 million baht sounds a lot but if he gets sick ,I told him he can't come back to Australia with no money he is off on November,

30 ,one way ticket to Koh Samui apparently,

It's a risk ...a very big risk 

 

In his case he is losing his job,100 percent he will be sacked , 

but how many of you would LEAVE a secure job and take that risk with 20 million or 23 in his case 

 

Ok he is possibly the right age ,I myself I can't risk it I'm too scared ...but .. remember he is only risking it because of a tragedy in his life has pushed him this way ....loss of job....divorce ......

Edited September 30, 20232 yr by georgegeorgia

39 minutes ago, Neeranam said:

I'd rather live in Australia than Thailand. 

Are you single?

Edited September 30, 20232 yr by Will27

39 minutes ago, Neeranam said:

I'd rather live in Australia than Thailand. 

Really ?

It depends on what area I guess .

Sydney is too expensive

Queensland is nice weather 

 

Where would you pick to live in Australia?

1 hour ago, OneMoreFarang said:

What final move?

Why can't he change his mind after months, years or decades? 

It's too late .....that's why .

You can't just leave somewhere and try to move back especially for the money he will have left .

 

He had to live now for the next 40 years or so on that .

6 minutes ago, Will27 said:

Are you single?

No.

5 minutes ago, georgegeorgia said:

Really ?

It depends on what area I guess .

Sydney is too expensive

Queensland is nice weather 

 

Where would you pick to live in Australia?

I like Melbourne, but a bit cold sometimes. 

I liked Brisbane. I'd live in a quiet place like Point Lonsdale. 

47 minutes ago, Neeranam said:

I'd rather live in Australia than Thailand. 

I'd also rather you live in Australia!

4 hours ago, thaibeachlovers said:

You think he's going to live to 110 years old?

I'm in my 70s and don't intend being around in my 90s and sooner would be better.

 

If I had 23 million baht I could live in LOS like a king for the rest of my natural life. Don't know why you think he cant.

I love all your posts but you lack "planning" 

What if he gets sick ?

He is 60 next month ,he won't get the old age pension (67)  because he obviously won't come back. And obviously they won't pay you with a lot of money in the bank 

 

It's planning that's lacking , life just can't fall into place ,it must be planned.

Running away to another country to be escape past life 

 

23 million baht only , no house in Australia, no support , what if something happens?

What if he is involved in a accident or legal dispute in Thailand, how long does 23 million last a 60yo man ? 

 

 

Colleagues tried talking him out of it and to get a job in a petrol station at night or Bunnings hardware store but he was. Emotional 

Edited September 30, 20232 yr by georgegeorgia