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Thai Baht is ruining my retirement


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No worries, Bank of Thailand assures us they will watch the Baht rise, and take appropriate action if necessary. They will probably reduce interest rates 1/4%.  That should pump up western currencies but only a few Satang.

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19 minutes ago, advancebooking said:

Buy bitcoin and Ethereum. Hold it on a trezor wallet for 5 yrs. You will then not worry about a 3rd world asian peso currency. you will be rich. 

 

19 minutes ago, advancebooking said:

Buy bitcoin and Ethereum. Hold it on a trezor wallet for 5 yrs. You will then not worry about a 3rd world asian peso currency. you will be rich. 

Probably a good idea

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5 hours ago, Jerry777 said:

How can I plan a dam thing when the currency here is completely out of control?

 

The current strength of the Thai baht is a reminder that our retirement nest egg may need to be significantly larger than we think.

 

My goal is to retire with enough funds to generate the equivalent of 100,000 baht / month to live on in retirement. However, I am increasingly of the mind that I will probably need to add 20 - 25% on top of that "to be safe".

 

Unfortunately, that means a good few more years work before I retire.

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12 hours ago, advancebooking said:

Buy bitcoin and Ethereum. Hold it on a trezor wallet for 5 yrs. You will then not worry about a 3rd world asian peso currency. you will be rich. 

This. Except dont bother with ethereum. Bitcoin will outperform everything

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13 hours ago, OneMoreFarang said:

It's easy.

Have your income and all expenses in the same currency.

Problem solved.

How to do that with a retirement pension from overseas living in Thailand?

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13 hours ago, OneMoreFarang said:

It's easy.

Have your income and all expenses in the same currency.

Problem solved.

Come on, explain how that is possible please. Pension in GBP, live in THB.

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9 minutes ago, msbkk said:

How to do that with a retirement pension from overseas living in Thailand?

 

1 minute ago, KannikaP said:

Come on, explain how that is possible please. Pension in GBP, live in THB.

 

If a foreigner chooses to live away from home, then it should be no surprise that things are different than back home.

If you want a "normal" life, then stay home and do what everybody else does.

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13 hours ago, Jerry777 said:

You are correct

the 2nd law, for living happily in Thailand.. is there is no Thai word for 'why' ? there is a word, of course. but don't  believe that asking 'why will get you anywhere  🙂

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33 minutes ago, paddypower said:

the 2nd law, for living happily in Thailand.. is there is no Thai word for 'why' ? there is a word, of course. but don't  believe that asking 'why will get you anywhere  🙂

I was told when I arrived in 1999 that if I had to ask why more than three times a day I had better leave. Also that I would get sick of thai food.

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