Are you struggling in Thailand?

[Celsius]

Like.....are you short on cash?

[kwak250]

11 minutes ago, Celsius said:

Like.....are you short on cash?

Are you going to start up lending to asean now members?

 

[CharlieH]

Mostly all electronic now , hardly use cash nowadays 😀

 

So yeah, always short of cash.

[Trippy]

No matter how much cash you have, living on a budget is the best way. 

[piston broke]

When i first arived in Thailand the neck end of 20 years ago, the late great Bob the Pig told me two things:

 

1) You'll be amazed how many milionaires you'll bump into that live above shops

 

and

 

2) This place attracts the "are souls" of society and the worrying thing is that these "are souls" don't think they're "are souls"  ......

[KhunLA]

If making the financials for long term visa, I don't know how anyone needs to be struggle here.  As suggested, you should have a budget, if no will power, and simply live within your means.   At our ages, should have learned that decades ago.

 

400k a year/40k a month, and if you can't live on that, you're doing something wrong.

[Lacessit]

I am struggling in Australia. Cold, and expensive. Two weeks to go, and I will be back in Thailand.

People are really struggling here. Rental costs have skyrocketed.

[nikmar]

i get by - I d be happier being poor in Thailand than poor in the UK though.

[Furioso]

I was struggling in the West then came here and instead of spending 2500 Euros a month I'm now spending about half that. Plus, not having a car saves me even more.

 

I'm really liking the savings here in Thailand. 

[FritsSikkink]

16 minutes ago, KhunLA said:

If making the financials for long term visa, I don't know how anyone needs to be struggle here.  As suggested, you should have a budget, if no will power, and simply live within your means.   At our ages, should have learned that decades ago.

 

400k a year/40k a month, and if you can't live on that, you're doing something wrong.

Why on earth would I need to live of a measle 40K a month?

[bob smith]

absolutely not!

 

I am cash/gold rich at the minute.

 

Much to the envy of many locals I’m sure.

 

regards,

bob.

[Celsius]

24 minutes ago, Lacessit said:

I am struggling in Australia. Cold, and expensive. Two weeks to go, and I will be back in Thailand.

People are really struggling here. Rental costs have skyrocketed.

 

do you have tents like in Canada?

[Lacessit]

27 minutes ago, KhunLA said:

If making the financials for long term visa, I don't know how anyone needs to be struggle here.  As suggested, you should have a budget, if no will power, and simply live within your means.   At our ages, should have learned that decades ago.

 

400k a year/40k a month, and if you can't live on that, you're doing something wrong.

Er - 40K a month is 480 K a year.

 

I average 660K a year, I see no reason to live as a miser.

[OneMoreFarang]

The good thing in Thailand is we can live cheap if we want to or need to.

Meal for 50B on the street, or >1000B in nice restaurants.

And obviously it's possible to spend a lot on entertainment - if there is enough money for that.

 

When I arrived in Thailand with little money, I lived cheap. Now, not so much. 

[retarius]

I have seen friends struggle here. It is not pretty. As poverty comes in the door, love flies out of the window. 

 

I'm comfortable at the moment. However, I don't want to live too long and get sick here, and use all my money on medical bills. 

[AlexRich]

I wouldn't go to Thailand without a decent income/pension and a back up plan if anything happens that would lead me back home. You can live relatively cheaply if you want, but it's wise to have a cushion for unforeseen events. 

[proton]

Not as much as I would be in the UK. Visited mate last year his council tax bill was over 200 quid a month and water 40 quid even if none were used, then the sky high gas, electricity and petrol prices. Might be too hot here, but no money worries 4k baht a month pays all the same bills.

[impulse]

59 minutes ago, KhunLA said:

If making the financials for long term visa, I don't know how anyone needs to be struggle here.  As suggested, you should have a budget, if no will power, and simply live within your means.   At our ages, should have learned that decades ago.

 

400k a year/40k a month, and if you can't live on that, you're doing something wrong.

 

That's assuming you're on the income method and not on the "money in the bank" method.  Lots of guys are whittling away at their 400K or 800K and then have to go to dodgy agents.  (The ones that can fake a bank statement) 

 

Not hard to imagine they'll eventually struggle to pay the agents.

Bad news, though.  If you're struggling in Thailand, "back home" isn't going to be any cheaper.  Being a Covid refugee for a couple of years proved that to me.  The saving grace is that you can pick up a job back home.  But unless you have some special skill, that just qualifies you for a miserable existence.

 

[worgeordie]

Yes I am struggling ...struggling to breath ..the air is thick up here in Chiang Mai .

 

regards worgeordie

 

 

[4MyEgo]

1 hour ago, Trippy said:

No matter how much cash you have, living on a budget is the best way. 

 

Agree, however money gets chewed up with inflation, e.g. cost of everyday items going up, making your baht less and less.

 

Assets are your best way to grow your money, suffice to say, I know there are a lot of naysayers here, but Cryptocurrencies, naming Bitcoin as a great store of assets, which also grows exponentially, that said, it is a high risk, high worth asset, and 99% of baby boomers will miss the boat when it takes off to the moon after 20 April this year after it's halving cycle, and into the year 2025.

 

We all know the other types of assets there are to invest in, but there is no other that the above which has outperformed ALL major asset classes in the past 10 years. Forget the negative press that you have all heard, it is now approved as an ETF and is here to stay, doubling in value since mid January. Don't believe me, just look at it's 15 year record.

 

Being brave isn't the absence of fearing the unknown.  Being brave is having that fear but finding a way through the unknown. 

 

To answer the original posts question, never short of a dime, why, because being retired doesn't mean you sit down on your rear end getting fat and drinking beer. It is the time of opportunities, being out of the slave trade hours and 30 year mortgage belt that we all worked to make a crust to survive, now to reeducate ourselves and look for opportunities to further excel and add to our retirement nest egg, after all, it can be a tax free exercise and really is effortless now that we have the time, all you have to be able to do is you read, invest some money and make some long term decisions, 2-4 years.

 

But as I said above, the baby boomers will miss out because it's all too difficult to retrain the brain to the new electricity or internet, i.e. Cryptocurrencies.

 

See you on the other side, I hope.

 

[SAFETY FIRST]

1 hour ago, Celsius said:

Like.....are you short on cash?

If you are short of cash you can get a job working for a Pimp, soi 6, become a bar manager. 

 

Beg for lady drinks, you'll make a fortune. 

 

[NativeBob]

"if you can't find decent occupation in Thailand providing decent income than there's something very wrong with you" <<< I've been told by Ludwig von Y. some 1998 and everyday I can see that he was goddam right! saying that

[bob smith]

30 minutes ago, OneMoreFarang said:

The good thing in Thailand is we can live cheap if we want to or need to.

Meal for 50B on the street, or >1000B in nice restaurants.

And obviously it's possible to spend a lot on entertainment - if there is enough money for that.

 

When I arrived in Thailand with little money, I lived cheap. Now, not so much. 

I dropped 10,000 on a steak dinner last weekend. 

 

4,000 on a bottle of wine.

 

much love,

BOB.

[Trippy]

43 minutes ago, bob smith said:

absolutely not!

 

I am cash/gold rich at the minute.

 

Much to the envy of many locals I’m sure.

 

regards,

bob.

Being poor and happy, is better than being rich and miserable.

[noobexpat]

2 minutes ago, bob smith said:

I dropped 10,000 on a steak dinner last weekend. 

 

4,000 on a bottle of wine.

 

much love,

BOB.

 

Yen?

[bob smith]

Just now, Trippy said:

Being poor and happy, is better than being rich and miserable.

I’m as happy as Larry!

 

much love,

BOB.

[bob smith]

Just now, noobexpat said:

 

Yen?

they don’t accept Yen here mate!

 

much love,

BOB.

[spidermike007]

1 hour ago, KhunLA said:

If making the financials for long term visa, I don't know how anyone needs to be struggle here.  As suggested, you should have a budget, if no will power, and simply live within your means.   At our ages, should have learned that decades ago.

 

400k a year/40k a month, and if you can't live on that, you're doing something wrong.

Anyone I know who is living on 40k a month, is watching every baht they spend. And that is no fun, unless you are a monk like soul, or you are happy with a very simple life. 

[impulse]

4 minutes ago, NativeBob said:

"if you can't find decent occupation in Thailand providing decent income than there's something very wrong with you" <<< I've been told by Ludwig von Y. some 1998 and everyday I can see that he was goddam right! saying that

 

Maybe.  Maybe not.  Back in 1998, you could also stay in Thailand long term on a dozen visa dodges and programs that just don't work today. 

 

Unless you have a WP, there's no telling when they'll start cracking down on whatever "occupation" you choose.  I suspect the 700+ foreigners they caught out recently on Phuket thought they were safe... 

 

And let's see what happens when the Revenue Department has some incentive to scrutinize money coming into Thailand at tax time in 2025.

 

[bob smith]

I made 

Just now, spidermike007 said:

Anyone I know who is living on 40k a month, is watching every baht they spend. And that is no fun, unless you are a monk like soul, or you are happy with a very simple life. 

I made 40,000 in interest the other day without even getting out my bed!!

 

much love,

BOB.