bendix Posted March 5, 2008 Share Posted March 5, 2008 There's been a lot of discussion on expat's retirement needs and financial status recently, so I thought it would be interesting to have a poll to see what the average net worth of expats are. It's not about finding out the relative wealth of each member; I'd expect members to vote without revealing personal financial details. But it might be interesting to build a picture and see where you stand against the average. By net worth i mean if you cashed in all your assets - house, savings, shares etc. But, then again, it might totally flop as a poll . . We'll see . . . Link to comment Share on other sites More sharing options...
Mobi Posted March 5, 2008 Share Posted March 5, 2008 (edited) IMHO a farang needs considerably in excess of 40million Baht in income producing assets (and/or a pension that would equate to this kind of sum in terms of investment income) in order to live a comfortable and leisurely lifestyle well into old age, taking advantage of all the pleasures that a tropical country like Thailand has to offer, and not have worry about running out of money, or the effects of hyper inflation. That is not to say that people cannot survive on much less, and many undoubtedly do so, quite happily, but I wonder how they will feel when they reach their late 80's or even 90's? Edited March 5, 2008 by Mobi Link to comment Share on other sites More sharing options...
Briggsy Posted March 5, 2008 Share Posted March 5, 2008 555 Surely you can't be serious in posting this poll. Who's gonna divulge that kind of info on a web forum? I admit people could answer the poll anonymously. Nice try though. Your top layer isn't very high though. I mean that's about the price of a semi-detached house in the south of England. I think you could have gone to, say, 140 million Baht. Link to comment Share on other sites More sharing options...
Jingthing Posted March 5, 2008 Share Posted March 5, 2008 That is not to say that people cannot survive on much less, and many undoubtedly do so, quite happily, but I wonder how they will feel when they reach their late 80's or even 90's? If, not when. Most people don't. Link to comment Share on other sites More sharing options...
Mobi Posted March 5, 2008 Share Posted March 5, 2008 That is not to say that people cannot survive on much less, and many undoubtedly do so, quite happily, but I wonder how they will feel when they reach their late 80's or even 90's? If, not when. Most people don't. We can all live in hope.... Link to comment Share on other sites More sharing options...
johniescfc Posted March 5, 2008 Share Posted March 5, 2008 So where is the private pension monthly income and the retirement pension monthly and other items not to be divulged. its no good having a poll if you are only asking about ready money. next you will be asking how much a month people spend,does that include short time,long time,farang food compared to thai food prices.methinks i wont answer. Link to comment Share on other sites More sharing options...
Ijustwannateach Posted March 5, 2008 Share Posted March 5, 2008 Don't really know, myself, though I'd imagine it would be quite low. I have a number of assets back home which are of uncertain but probably considerable value (antiques, collectible thingamajigs), but whose real value would probably vary depending on when and how they were sold (and how much effort I took in selling them). I'm probably in one of the lower ends of your scale; but then again, I've got quite a few years before retirement. Link to comment Share on other sites More sharing options...
bendix Posted March 5, 2008 Author Share Posted March 5, 2008 555Surely you can't be serious in posting this poll. Who's gonna divulge that kind of info on a web forum? I admit people could answer the poll anonymously. Nice try though. Your top layer isn't very high though. I mean that's about the price of a semi-detached house in the south of England. I think you could have gone to, say, 140 million Baht. Well, people are posting it. It's an anonymous poll. It aint rocket science. Link to comment Share on other sites More sharing options...
ashacat Posted March 5, 2008 Share Posted March 5, 2008 (edited) Your top layer isn't very high though. I mean that's about the price of a semi-detached house in the south of England GBP650k for a semi-detached!! Maybe in London. I think it is very important to bear in mind when looking at these figures that they represent people in very different life stages. From the retirees who have developed a nest egg that has taken their whole working life to accrue eight the way through to people in their 20's who are still working and have many years of employment left... If the aim of the OP is to gauge an indication of people's "retirement funds", then the poll is pretty much useless unless age is taken into consideration. Edited March 5, 2008 by ashacat Link to comment Share on other sites More sharing options...
Polsevogn Posted March 5, 2008 Share Posted March 5, 2008 I completely don't understand this poll. Worth? Link to comment Share on other sites More sharing options...
Spiny Posted March 5, 2008 Share Posted March 5, 2008 555Surely you can't be serious in posting this poll. Who's gonna divulge that kind of info on a web forum? I admit people could answer the poll anonymously. Nice try though. Your top layer isn't very high though. I mean that's about the price of a semi-detached house in the south of England. I think you could have gone to, say, 140 million Baht. Well, people are posting it. It's an anonymous poll. It aint rocket science. Might be interesting to add net worth, and another asking what percentage is in Thailand Link to comment Share on other sites More sharing options...
Captain Chaos Posted March 5, 2008 Share Posted March 5, 2008 (edited) I completely don't understand this poll. Worth? It's a very, very simple calculation - if you take away what you owe (be it mortgages, loans, credit cards whatever) from what you own (property, cash in the bank, shares, whatever) you're left with net worth. I agree it's very simplified and it all depends on age, lifestyle, dependants etc etc but anything more realistic would be too complicated (and probably intrusive) to be practical Edited March 5, 2008 by Captain Chaos Link to comment Share on other sites More sharing options...
GuestHouse Posted March 5, 2008 Share Posted March 5, 2008 I got halfway down the list of options before I realized the question was Gross Worth and not Annual Net Income. Link to comment Share on other sites More sharing options...
dee123 Posted March 5, 2008 Share Posted March 5, 2008 555Surely you can't be serious in posting this poll. Who's gonna divulge that kind of info on a web forum? I admit people could answer the poll anonymously. Nice try though. Your top layer isn't very high though. I mean that's about the price of a semi-detached house in the south of England. I think you could have gone to, say, 140 million Baht. ...Ahh c'mon Briggsy...you can tell us....after all TIT....as they say,,,,what about it Briggsy eh got a bit stashed away ave ya ?...ave ya ? ....nudge nudge ...wink wink.... Link to comment Share on other sites More sharing options...
ashacat Posted March 5, 2008 Share Posted March 5, 2008 ...Ahh c'mon Briggsy...you can tell us....after all TIT....as they say,,,,what about it Briggsy eh got a bit stashed away ave ya ?...ave ya ? ....nudge nudge ...wink wink.... Link to comment Share on other sites More sharing options...
Maizefarmer Posted March 5, 2008 Share Posted March 5, 2008 It varies from dirt dirt poor to filthy filthy filthy ....filthy rich Link to comment Share on other sites More sharing options...
BEENTHEREDONETHAT Posted March 5, 2008 Share Posted March 5, 2008 Stinken, filthy, rich is two out of three OK? Link to comment Share on other sites More sharing options...
Naam Posted March 5, 2008 Share Posted March 5, 2008 I completely don't understand this poll. Worth? nobody is forcing you to understand. Link to comment Share on other sites More sharing options...
Norrad Posted March 5, 2008 Share Posted March 5, 2008 Where's the option "Worth less than a postage stamp"? Link to comment Share on other sites More sharing options...
Wrong Turn Posted March 5, 2008 Share Posted March 5, 2008 IMHO a farang needs considerably in excess of 40million Baht in income producing assets (and/or a pension that would equate to this kind of sum in terms of investment income) in order to live a comfortable and leisurely lifestyle well into old age, taking advantage of all the pleasures that a tropical country like Thailand has to offer, and not have worry about running out of money, or the effects of hyper inflation.That is not to say that people cannot survive on much less, and many undoubtedly do so, quite happily, but I wonder how they will feel when they reach their late 80's or even 90's? Mobi, Do you mean a principle of 40 Million Baht? 40 Million Baht = $133,000 USD right? This amount to produce income? Link to comment Share on other sites More sharing options...
Naam Posted March 5, 2008 Share Posted March 5, 2008 IMHO a farang needs considerably in excess of 40million Baht in income producing assets (and/or a pension that would equate to this kind of sum in terms of investment income) in order to live a comfortable and leisurely lifestyle well into old age, taking advantage of all the pleasures that a tropical country like Thailand has to offer, and not have worry about running out of money, or the effects of hyper inflation.That is not to say that people cannot survive on much less, and many undoubtedly do so, quite happily, but I wonder how they will feel when they reach their late 80's or even 90's? Mobi, Do you mean a principle of 40 Million Baht? 40 Million Baht = $133,000 USD right? This amount to produce income? take a calculator and try again my friend Link to comment Share on other sites More sharing options...
ZZZ Posted March 5, 2008 Share Posted March 5, 2008 Do you mean a principle of 40 Million Baht? 40 Million Baht = $133,000 USD right? That would be nice Link to comment Share on other sites More sharing options...
spasticated Posted March 5, 2008 Share Posted March 5, 2008 Blimey the bar girls will flock to TV members now they know that 30% odd have assets of more than 40 M!!! I think I will have to start wearing my "I am a TV member" T shirt and hope they dont think it means "transvestite" Link to comment Share on other sites More sharing options...
Wrong Turn Posted March 5, 2008 Share Posted March 5, 2008 IMHO a farang needs considerably in excess of 40million Baht in income producing assets (and/or a pension that would equate to this kind of sum in terms of investment income) in order to live a comfortable and leisurely lifestyle well into old age, taking advantage of all the pleasures that a tropical country like Thailand has to offer, and not have worry about running out of money, or the effects of hyper inflation.That is not to say that people cannot survive on much less, and many undoubtedly do so, quite happily, but I wonder how they will feel when they reach their late 80's or even 90's? Mobi, Do you mean a principle of 40 Million Baht? 40 Million Baht = $133,000 USD right? This amount to produce income? take a calculator and try again my friend Pardon my math. At 30 Baht : 1 USD 1 Million Baht = $30,000 correct? Therefore 40 Million times $30,000 = 1.2 Million USD. Correct? Link to comment Share on other sites More sharing options...
NovaBlue05 Posted March 5, 2008 Share Posted March 5, 2008 IMHO a farang needs considerably in excess of 40million Baht in income producing assets (and/or a pension that would equate to this kind of sum in terms of investment income) in order to live a comfortable and leisurely lifestyle well into old age, taking advantage of all the pleasures that a tropical country like Thailand has to offer, and not have worry about running out of money, or the effects of hyper inflation.That is not to say that people cannot survive on much less, and many undoubtedly do so, quite happily, but I wonder how they will feel when they reach their late 80's or even 90's? Mobi, Do you mean a principle of 40 Million Baht? 40 Million Baht = $133,000 USD right? This amount to produce income? take a calculator and try again my friend Pardon my math. At 30 Baht : 1 USD 1 Million Baht = $30,000 correct? Therefore 40 Million times $30,000 = 1.2 Million USD. Correct? Your original $133000 was correct....if you add a zero at the end Link to comment Share on other sites More sharing options...
t.s Posted March 5, 2008 Share Posted March 5, 2008 IMHO a farang needs considerably in excess of 40million Baht in income producing assets (and/or a pension that would equate to this kind of sum in terms of investment income) in order to live a comfortable and leisurely lifestyle well into old age, taking advantage of all the pleasures that a tropical country like Thailand has to offer, and not have worry about running out of money, or the effects of hyper inflation.That is not to say that people cannot survive on much less, and many undoubtedly do so, quite happily, but I wonder how they will feel when they reach their late 80's or even 90's? Mobi, Do you mean a principle of 40 Million Baht? 40 Million Baht = $133,000 USD right? This amount to produce income? i reckon you may be in serious trouble Link to comment Share on other sites More sharing options...
JetsetBkk Posted March 5, 2008 Share Posted March 5, 2008 Your top layer isn't very high though. I mean that's about the price of a semi-detached house in the south of England. Link to comment Share on other sites More sharing options...
Gary A Posted March 5, 2008 Share Posted March 5, 2008 Unfortunately this poll makes me feel quite poor. I didn't realize just how poor I really am. The good thing about it is that I get along just fine with with my small pension, dividends and Social Security. Link to comment Share on other sites More sharing options...
geriatrickid Posted March 5, 2008 Share Posted March 5, 2008 I would venture that the happiest people in TV are those that have values at the two extremes of the list. The most unhappy TVers wpuld be those somewhere in the middle. (Said on the premise that some people without money would be here for reasons other than money and those at the top have no money worries. Folks in the mid range would always want more or be worried about how their money would keep them going.) I'm at the top end of the scale and do worry about whether I can maintain my standard of living "western style" and realize I need at least 50MM+ to achieve it. Not there yet, but will frown and groan along the way until I get there or croak trying. I'd be happier if I adopted a Thai living style, but I won't. But that;'s just me. Link to comment Share on other sites More sharing options...
Maigo6 Posted March 5, 2008 Share Posted March 5, 2008 Blimey the bar girls will flock to TV members now they know that 30% odd have assets of more than 40 M!!! I think I will have to start wearing my "I am a TV member" T shirt and hope they dont think it means "transvestite" Chatrooms and anonymous Internet Forums have a way of attracting rich people it seems. Link to comment Share on other sites More sharing options...
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