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204
Palisades Fire in LA has zero containment
The vast majority of the homes that were destroyed in Pacific Palisades were priced $5 million and up. The actual structures however, were not particularly expensive. Most could probably be rebuilt for ~$400K. The cost of the homes was entirely in the property, which as you've just confirmed, the bank can easily reclaim. So the actual risk to the banking industry is very small, and effectively zero for homes with less than 90% mortgages. -
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Accepted the job offer but got a better offer what can one do?
Are you working for a Thai company? if no, nothing worry -
133
Democracy has failed the US,maybe it's time for a King
A long monologue that tells us the USA is NOT a democracy. Therefore the question needs to be re-phrased. -
35
Thai tax tangle: Expats warned of new rules on overseas income
off to get my TIN. brb -
164
Wise vs Revolut - This is what I've found out
Yes, the answer is yes to both questions. To freeze your card in the app, click on the second icon at the bottom labeled Cards. From there, you can freeze the card. If you scroll down slightly under the card, you’ll see a section called Spending. Here, you can select which currency account or currency jars the card is allowed to spend from. If you want to keep the bulk of your money separate from your active spending account, you can use something called Jars. To create a jar, go to the same section where you would add a new currency to your account. From there, you can create jars for any currency you want. Once the jar is created, navigate to it from the Home tab. The jar will appear on the top row. Click on the jar, then select Add to transfer money from your active account into the jar. You can move as much money as you like into the jar, effectively isolating it for security purposes. Finally, return to the Cards section, go back to Spending, and ensure the card does not have access to the new jar you created. By doing this, you’ll keep your funds separate from your main spending account and inaccessible to the card. -
40
Thailand Eases Long-Term Visa Conditions to Draw Wealthy Foreigners and Digital Nomads
The OP report could have been a lot clearer of just what is -- and apparently is NOT -- going on with the abovementioned change. What's not said in the above excerpt re the Wealthy Global Citizens category of LTR visa eligibility is that apart from the now eliminated requirement for $80K USD in annual income, the visa still DOES require a minimum investment of various kinds in Thailand of at least $500K USD -- which is hardly walking around money for most folks. That's a pretty important detail to omit. Meanwhile, there is another different LTR visa category for so-called Wealthy Pensioners age 50 and above. It too currently has an $80K USD annual income requirement, with no mandatory lump sum investment required. But the removal of the income requirement cited in the OP apparently does NOT pertain to the Wealthy Pensioners category, so it appears that the $80K income requirement still applies for that group. And that means no matter how much money a retiree person might have sitting in their investment / retirement / other accounts, unless they're willing to draw down at least $80,000 of it per year in annual income (regardless of whether they actually need that much to live here), the Wealthy Pensioner visa likely isn't going to work for them. Although for the Wealthy Pensioners category, there apparently still remains a different workaround whereby you can get by with only $40K to $80K USD in annual income, IF you're able to also pony up at least a $250K investment in Thailand (in such areas as Thai government bonds, foreign direct investment, Thai real estate, or any combination of those. Again, a $250K cash investment in Thailand isn't something many pensioners are likely going to entertain, IMHO. So all in all, the removal of the annual income requirement for the Wealthy Global Citizens category only -- where a $500K USD investment in Thailand is still required -- strikes me as a whole lot less than it might seem on the surface.
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