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Should I Move To Jomtien/rayong?


thaifever2007

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I'm married to a Thai girl and live in America. My wife has her permanent residence card and can come and go to America as she pleases I have a secure job that pays $40,000/year. I'm 44 years old and I need a change. I have money saved in an IRA. I can take it out now, but I will have a 10% penalty and have to pay taxes. After taxes and penalties, I should have $100,000 free and clear. I also have a lot of credit card bills. I can't keep up with all these bills and going to work everyday just to keep my head above water. I'm drowning here. I need some freedom from work and bills so I can regain my sanity. I'm thinking of cashing out and wiring my $100,000 to a Thai bank account. I can buy a condo in Rayong or Jomtien for $40,000. Then I have $60,000 (2,100,000 baht) left. I'd like to live in Thailand for 6 years, then come back to my old job in America (I'm not burning bridges there), work until I'm 62 years old, retire again, and then move back to Thailand to grow old and die. My budget would be about 30,000 baht/month (2.1 million baht/6 years). My wife can get a job at a hotel or something and make 10,000 baht/month. We won't have any rent because we would own the condo and we'll have 40,000/baht for living expenses. Are there any unforseen problems I haven't thought of? What would you guys do? I am a little worried about being tempted by all those young beautiful Thai girls. I also like to drink beer and I'm worried too much free time would turn me into an alcoholic.

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Hi,

Well i just moved over from the USA, hopefully for good, age 44

I wouldnt buy a condo now, bottom is ready to fall out of the property market here. Rent a cheap place for awhile and see

how this pans out. That 40,000$ condo could be 20,000 quickly. Baht could implode too. Political violence could ignite overnight.

These are VERY uncertain times.

Re Girls, well my thai wife of 12 years gave up on me ever being faithful here, in the USA i was always faithful, western girls

dont attract me at all. Everytime i visited Thailand I am good for 3 days and I am in the sack with a mint TG. And i tried like

heck not to. Not saying this will happen to you but it is a danger and if your wife is the jealous unforgiving type your marriage

is toast. Now my wifes only rule is dont bring one home, whether she is there or not (she visits family sometimes) as she will

lose face if neighbors see it. Her and her sister actually sat me down and explained this to me. So far I have respected this rule.

I am not proud of this as she has treated me like gold and never butterflied. In the US she had every guy after her (super mint)

and could have dumped me in a second. Her fear now is i will meet a better girl and finish her, but i would never do that, she

has been a perfect wife. I am trying to cut down. I am actually a little burned out on Soi 6. When u can walk down soi 6 and

hear you name being called out u know its probably a good time to check out soi 7 and 8 :o

Then you have just the regular non-bar girls throwing themselves at you! A whole nother problem.

Booze, my first 3 weeks i drank like a fish, then i quit, 8 days dry now. Another danger. So easy to go off the edge here.

All in all i would say go for it, i love it here! USA is going to hel_l in a handbasket as u can surely see, PM me if u like

SGH

Edited by SoiGirlHunter
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I'm married to a Thai girl and live in America. My wife has her permanent residence card and can come and go to America as she pleases I have a secure job that pays $40,000/year. I'm 44 years old and I need a change. I have money saved in an IRA. I can take it out now, but I will have a 10% penalty and have to pay taxes. After taxes and penalties, I should have $100,000 free and clear. I also have a lot of credit card bills. I can't keep up with all these bills and going to work everyday just to keep my head above water. I'm drowning here. I need some freedom from work and bills so I can regain my sanity. I'm thinking of cashing out and wiring my $100,000 to a Thai bank account. I can buy a condo in Rayong or Jomtien for $40,000. Then I have $60,000 (2,100,000 baht) left. I'd like to live in Thailand for 6 years, then come back to my old job in America (I'm not burning bridges there), work until I'm 62 years old, retire again, and then move back to Thailand to grow old and die. My budget would be about 30,000 baht/month (2.1 million baht/6 years). My wife can get a job at a hotel or something and make 10,000 baht/month. We won't have any rent because we would own the condo and we'll have 40,000/baht for living expenses. Are there any unforseen problems I haven't thought of? What would you guys do? I am a little worried about being tempted by all those young beautiful Thai girls. I also like to drink beer and I'm worried too much free time would turn me into an alcoholic.

If your being serious and this post is not a joke ! Forget it You have know were enough money and regardles of what your wife tells you she does NOT want to go.

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If you are serious, no, you probably don't have enough money.

-- if you cash out your IRA in one year, you will take a HUGE tax hit that year, such a big loss plus the penalties

-- if you don't die early, eating up all your IRA so early is massively ill advised

-- you could live that cheaply with an owned condo, but what would you do with that condo after six years?

-- assuming you can get a visa? I am not up on married to Thais under 50 visa rules

-- you know your situation better than anyone, but the US is changing so fast, it beggars belief that you can be sure about your welcome back to the same job in 6 years!

-- I understand where you are coming from, I did the same kind of DROP OUT at about age 47, just burned out on the stress of American life, I hate it!

-- nobody can pick the bottom of ANY market and anyone who tells you they can is delusional; there are some great bargains RIGHT NOW

Edited by Jingthing
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Hi,

Well i just moved over from the USA, hopefully for good, age 44

Re Girls, well my thai wife of 12 years gave up on me ever being faithful here, in the USA i was always faithful, western girls

dont attract me at all. Everytime i visited Thailand I am good for 3 days and I am in the sack with a mint TG. And i tried like

heck not to. Not saying this will happen to you but it is a danger and if your wife is the jealous unforgiving type your marriage

is toast. Now my wifes only rule is dont bring one home

You're a lucky guy to be able to move there for good at the age of 44.

Unfortunately, my wife would leave me if she found out I was unfaithful

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If you are serious, no, you probably don't have enough money.

-- you know your situation better than anyone, but the US is changing so fast, it beggars belief that you can be sure about your welcome back to the same job in 6 years!

-- I understand where you are coming from, I did the same kind of DROP OUT at about age 47, just burned out on the stress of American life, I hate it!

I understand I don't have enough money forever. It is only a temporary move. My job will be available on my return.

You dropped out at age 47, what did you do, where did you go, and do you regret it.

I think I would only regret that I would work my life away here in the USA and then die of a heart attack one year after I get my pension.

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If you are serious, no, you probably don't have enough money.

-- you know your situation better than anyone, but the US is changing so fast, it beggars belief that you can be sure about your welcome back to the same job in 6 years!

-- I understand where you are coming from, I did the same kind of DROP OUT at about age 47, just burned out on the stress of American life, I hate it!

I understand I don't have enough money forever. It is only a temporary move. My job will be available on my return.

You dropped out at age 47, what did you do, where did you go, and do you regret it.

I think I would only regret that I would work my life away here in the USA and then die of a heart attack one year after I get my pension.

I had a reasonably sound plan based on buying a condo, savings, investment, an existing IRA I won't touch till 59 plus of course social security at 62, but it has been seriously threatened by the world economic crisis. My intention was to leave work for life. It still may work.

No, I don't regret it and I wouldn't regret it even if it eventually fails. I understand your sentiments about stealing some life while you still have a pulse!

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I'm married to a Thai girl and live in America. My wife has her permanent residence card and can come and go to America as she pleases I have a secure job that pays $40,000/year. I'm 44 years old and I need a change. I have money saved in an IRA. I can take it out now, but I will have a 10% penalty and have to pay taxes. After taxes and penalties, I should have $100,000 free and clear. I also have a lot of credit card bills. I can't keep up with all these bills and going to work everyday just to keep my head above water. I'm drowning here. I need some freedom from work and bills so I can regain my sanity. I'm thinking of cashing out and wiring my $100,000 to a Thai bank account. I can buy a condo in Rayong or Jomtien for $40,000. Then I have $60,000 (2,100,000 baht) left. I'd like to live in Thailand for 6 years, then come back to my old job in America (I'm not burning bridges there), work until I'm 62 years old, retire again, and then move back to Thailand to grow old and die. My budget would be about 30,000 baht/month (2.1 million baht/6 years). My wife can get a job at a hotel or something and make 10,000 baht/month. We won't have any rent because we would own the condo and we'll have 40,000/baht for living expenses. Are there any unforseen problems I haven't thought of? What would you guys do? I am a little worried about being tempted by all those young beautiful Thai girls. I also like to drink beer and I'm worried too much free time would turn me into an alcoholic.

You obviously can't cope with your present life, what makes you think you can cope with life in Thailand, in fact you already know you can't, worried about drinking too much, worried about not being faithful etc etc.

You are a poor excuse for a man, you have got yourself in a mess, run up credit card bills, got stressed ( because you can't take control of your life ) and want to run away. The unforseen problem as you put it is yourself, does Thailand need another looser?

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The main problem I see with your plan even it works to some degree is the financial reality you will face later at 62 with a tiny IRA because you will be starting so late. You will, however, have LOTS of company. I envision a future America with millions of oldies living on the streets. Better off in a Jomtien condo if you ask me!

BTW, I am not encouraging you. Liquidating your IRA is something you will probably live to regret. On the other hand, if you feel you NEED to do this, you will do this, and I for one wish you the best!

Edited by Jingthing
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When u can walk down soi 6 and

hear you name being called out u know its probably a good time to check out soi 7 and 8

I just laughed my ass off at that.. Im coming to thai in november for the first time.. is it that bad lol..

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Like many of the others I don't believe $100k is nearly enough. Okay it is possible to hunker down and live on 30k THB per month but you'll have sod all extra to cover all those unforseen events. Do you have health insurance? A simple illness or broken bone could bite a chunk out of your resources. Then, for 6 years, you'll be doing visa runs unless you intend to simply overstay and cough up on exit. Like I say, it is theoretically possible to live on that kind of money but if you are the sort that likes the nightlife and the booze, and you admit that is the case, you are not going to be happy surviving on 1000 Baht per day all in.

Running away from your debts might sound like the answer but don't forget that you PLAN to return and start over. The other thing is just how sure can you be that in six years time you will be able to walk back into any job let alone the one you walked out of? Who can predict with any certainty what kind of world we will be living in one year's time let alone six?

Anyway, up to you as they say in all the best beer bars. Good luck whichever way you decide.

A question for the other forum members; Is $40,000 (1,400,000 THB) enough for a condo in Jomtien or Rayong? I would have thought maybe Rayong is possible but a bit optimistic for Jomtien. If so, what kind of place could be expected?

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Hi,

Well i just moved over from the USA, hopefully for good, age 44

I wouldnt buy a condo now, bottom is ready to fall out of the property market here. Rent a cheap place for awhile and see

how this pans out. That 40,000$ condo could be 20,000 quickly. Baht could implode too. Political violence could ignite overnight.

These are VERY uncertain times.

Re Girls, well my thai wife of 12 years gave up on me ever being faithful here, in the USA i was always faithful, western girls

dont attract me at all. Everytime i visited Thailand I am good for 3 days and I am in the sack with a mint TG. And i tried like

heck not to. Not saying this will happen to you but it is a danger and if your wife is the jealous unforgiving type your marriage

is toast. Now my wifes only rule is dont bring one home, whether she is there or not (she visits family sometimes) as she will

lose face if neighbors see it. Her and her sister actually sat me down and explained this to me. So far I have respected this rule.

I am not proud of this as she has treated me like gold and never butterflied. In the US she had every guy after her (super mint)

and could have dumped me in a second. Her fear now is i will meet a better girl and finish her, but i would never do that, she

has been a perfect wife. I am trying to cut down. I am actually a little burned out on Soi 6. When u can walk down soi 6 and

hear you name being called out u know its probably a good time to check out soi 7 and 8 :o

Then you have just the regular non-bar girls throwing themselves at you! A whole nother problem.

Booze, my first 3 weeks i drank like a fish, then i quit, 8 days dry now. Another danger. So easy to go off the edge here.

All in all i would say go for it, i love it here! USA is going to hel_l in a handbasket as u can surely see, PM me if u like

SGH

Based on your member name I'd picked you for a single man - divorced, bitter on women so just hunting down a new one night after night. I can't believe you've been married for 12 years. I sure hope you've got some serious dollars to make all the bullshit you're putting your wife (who you seem to genuinely love) through worth it.

To the OP - I highly recommend not going down this path. Life is cheap in Thailand.

To SoiGirlHunter - No offence Mate. Different strokes for different folks.

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The best factual response you got was the original post by Jingthing. I agree with all of his points. Let me add a couple.

Have you been to Thailand for longer than a week or two of vacation? If not, there is something you need to consider. The day-to-day life in Thailand is a constant challenge to the patience and mental serenity of most Americans. You can't understand the level of frustration with things like:

- frequent power outages

- frequent water outages

- impossibly uncontrolled, dangerous traffic (particularly from unlicensed, senseless motorbike drivers!)

- illogical, inefficient methods of doing business of any kind

- corruption beyond anything you can imagine from the US brand of corruption

- being constantly surrounded by abject poverty, and the living conditions that produces

All of these things are part of daily life in Thailand. All of them grind on you, and easily overwhelm whatever positives you may find in living in this area.

Unlike you, I waited until I reached retirement age before moving here with my Thai wife. We had lived in the USA, as a married couple, for over 30 years. I was able to buy a large house, with a bit of property around it, for cash. I have a decent pension, and our Social Security, to provide us with a constant income well above what you're projecting. Had I stayed in the USA, I would not have been able to continue to pay my mortgage on my retirement income. That's why I moved here. Still, I regret it. I'd rather be living in a small rented apartment in the USA than in my large house here. If I had it to do over again ... I wouldn't!

That said, things being as they are in the USA now, you face a much different situation. Barack Obama is driving the USA into socialism that will bankrupt it, and subject it to total financial slavery under China, and other lenders. The USA is in very serious danger of decaying into a hoplessly poor and unproductive socialist nation. So, as bad as life here in Thailand is, the USA may soon be nearly as bad, thanks to the ignorance and uninformed voting of the majority of Americans last November.

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The main problem I see with your plan even it works to some degree is the financial reality you will face later at 62 with a tiny IRA because you will be starting so late. Liquidating your IRA is something you will probably live to regret. On the other hand, if you feel you NEED to do this, you will do this, and I for one wish you the best!

I'll have a pension at 62 from my previous job, plus social security.

I figure the dollar is becoming worthless, so spend it now.

Like many of the others I don't believe $100k is nearly enough. Okay it is possible to hunker down and live on 30k THB per month but you'll have sod all extra to cover all those unforseen events. Do you have health insurance? A simple illness or broken bone could bite a chunk out of your resources. Then, for 6 years, you'll be doing visa runs unless you intend to simply overstay and cough up on exit. Like I say, it is theoretically possible to live on that kind of money but if you are the sort that likes the nightlife and the booze, and you admit that is the case, you are not going to be happy surviving on 1000 Baht per day all in.

Running away from your debts might sound like the answer but don't forget that you PLAN to return and start over. The other thing is just how sure can you be that in six years time you will be able to walk back into any job let alone the one you walked out of? Who can predict with any certainty what kind of world we will be living in one year's time let alone six?

Anyway, up to you as they say in all the best beer bars. Good luck whichever way you decide.

A question for the other forum members; Is $40,000 (1,400,000 THB) enough for a condo in Jomtien or Rayong? I would have thought maybe Rayong is possible but a bit optimistic for Jomtien. If so, what kind of place could be expected?

Good advice, if I get sick, I'm in trouble.

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You obviously can't cope with your present life, what makes you think you can cope with life in Thailand, in fact you already know you can't, worried about drinking too much, worried about not being faithful etc etc. You are a poor excuse for a man, you have got yourself in a mess, run up credit card bills, got stressed ( because you can't take control of your life ) and want to run away. The unforseen problem as you put it is yourself, does Thailand need another looser?

Well put :o

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You obviously can't cope with your present life, what makes you think you can cope with life in Thailand, in fact you already know you can't, worried about drinking too much, worried about not being faithful etc etc. You are a poor excuse for a man, you have got yourself in a mess, run up credit card bills, got stressed ( because you can't take control of your life ) and want to run away. The unforseen problem as you put it is yourself, does Thailand need another looser?

Well put :o

Yea, I knew I'd get comments like this. Yea, I'm a loser, so what. At least I'm not a stuck up, arrogant, loser like you. BTW, you don't even know how to spell.. "looser"??? Yea, I like to drink and I'm tempted by beautiful women. If you don't like to drink and you are tempted by beautiful boys, that's up to you. Yea, I ran up some credit card bills. My mistake, but I need bailout and I want to bail out of this place.

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Good advice, if I get sick, I'm in trouble.

The thing you have to realise is that the chances are you WILL get sick. Hygene standards, particularly regarding food, are in general way below what you experience in the US. Even the swanky 5 star hotels can't be trusted to follow anything like western standards. So your guts are under attack from day #1 and even if you manage to avoid the dodgy food places the bugs exists in and on everything you touch and in the air you breathe. Sure they don't all lead to debillitating sickness but little by little they grind you down.

Then there is the standard of the sidewalks and roads, there are uneven surface and potholes pretty well everywhere you walk. Even in broad daylight you have to watch your step all the time.

Then there is the road traffic to dodge and enough has been written about that to fill a library.

In short, to go to Thailand without decent medical insurance is a massive gamble even if you are fit as a butcher's dog now.

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Good advice, if I get sick, I'm in trouble.

The thing you have to realise is that the chances are you WILL get sick. Hygene standards, particularly regarding food, are in general way below what you experience in the US. Even the swanky 5 star hotels can't be trusted to follow anything like western standards. So your guts are under attack from day #1 and even if you manage to avoid the dodgy food places the bugs exists in and on everything you touch and in the air you breathe. Sure they don't all lead to debillitating sickness but little by little they grind you down.

Then there is the standard of the sidewalks and roads, there are uneven surface and potholes pretty well everywhere you walk. Even in broad daylight you have to watch your step all the time.

Then there is the road traffic to dodge and enough has been written about that to fill a library.

In short, to go to Thailand without decent medical insurance is a massive gamble even if you are fit as a butcher's dog now.

Health is one of the main reasons why I want to go now. Now, I feel healthy. I'm relatively young, exercise everyday, and I feel good. Sure, I can wait another 15 years and feel financially secure, but I will be almost 60 years old and who knows how I will feel health wise. I can be sure of one thing, my little head won't work as well as it does now. Who knows what other health problems I will have if I wait until I'm older.

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I'm married to a Thai girl and live in America. My wife has her permanent residence card and can come and go to America as she pleases I have a secure job that pays $40,000/year. I'm 44 years old and I need a change. I have money saved in an IRA. I can take it out now, but I will have a 10% penalty and have to pay taxes. After taxes and penalties, I should have $100,000 free and clear. I also have a lot of credit card bills. I can't keep up with all these bills and going to work everyday just to keep my head above water. I'm drowning here. I need some freedom from work and bills so I can regain my sanity. I'm thinking of cashing out and wiring my $100,000 to a Thai bank account. I can buy a condo in Rayong or Jomtien for $40,000. Then I have $60,000 (2,100,000 baht) left. I'd like to live in Thailand for 6 years, then come back to my old job in America (I'm not burning bridges there), work until I'm 62 years old, retire again, and then move back to Thailand to grow old and die. My budget would be about 30,000 baht/month (2.1 million baht/6 years). My wife can get a job at a hotel or something and make 10,000 baht/month. We won't have any rent because we would own the condo and we'll have 40,000/baht for living expenses. Are there any unforseen problems I haven't thought of? What would you guys do? I am a little worried about being tempted by all those young beautiful Thai girls. I also like to drink beer and I'm worried too much free time would turn me into an alcoholic.

Leave the money in your IRA. Do not, repeat do not, bring the money into Thailand. It will be gone in short order, leaving you nothing for retirement. An axiom for living in Thailand is: If you can't afford to write-off any money brought into Thailand, then you shouldn't do it. If you like young, beautiful Thai girls and drinking beer it's a recipe for disaster.

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One unforeseen problem no one mentioned is your wife. If she's willing to dutifully run off to work for six years while you sit around with nothing to do but squander your savings, she'd be 1 in a billion.

Could you end up 6 years from now with an intact marriage, proceeds from the condo sale in your pocket, and a job to go back to? Sure, people win the lottery all the time.

But the odds are, you're going to go through the money you have much faster than you think. Either you'll spend it or you'll get divorced and lose half or more. Maybe both.

If you still decide to go ahead in spite of recommendations to the contrary, don't take everything out at once. Not only are you guaranteeing you pay the highest taxes on it, but once it's out of the retirement account, it's out in the wild. Retirement accounts aren't easy to touch. Regular bank accounts everyone can get to. Move it to Thailand and you might as well put a target on your back.

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I see these scenario's posed a lot of times. My thinking is that if i can't afford to retire in my home home country, or have enough liquid funds to return and start again, it is unlikely but not impossible you are going to have a successful life in Thailand. Referring to UK in particular it is very hard to get back into the property market once you exit. Even if prices are falling, there are transaction costs of buying a new home, and credit application issues if you need a mortgage to help. But good luck to OP whatever he decides.

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One unforeseen problem no one mentioned is your wife. If she's willing to dutifully run off to work for six years while you sit around with nothing to do but squander your savings, she'd be 1 in a billion.

Could you end up 6 years from now with an intact marriage, proceeds from the condo sale in your pocket, and a job to go back to? Sure, people win the lottery all the time.

But the odds are, you're going to go through the money you have much faster than you think. Either you'll spend it or you'll get divorced and lose half or more. Maybe both.

If you still decide to go ahead in spite of recommendations to the contrary, don't take everything out at once. Not only are you guaranteeing you pay the highest taxes on it, but once it's out of the retirement account, it's out in the wild. Retirement accounts aren't easy to touch. Regular bank accounts everyone can get to. Move it to Thailand and you might as well put a target on your back.

Could not have summed it up better myself.

At 45 I was in your position minus the credit card debt and like you I wanted a change. Instead of jumping right away, the wife (Thai) and I decided on a 10 year plan. I sold off all my toys (boat, custom van, motorcycle and motor home) and banked the proceeds. I worked overtime when it suited me and the wife got a job. We saved but also took yearly trips to Thailand to scope things out before we make the jump. At age 54 we made the move. I have been here 6 years and have no regrets waiting because I live the lifestyle I like not one I'm forced into because of financial concerns.

Edited by ballbreaker
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One unforeseen problem no one mentioned is your wife. If she's willing to dutifully run off to work for six years while you sit around with nothing to do but squander your savings, she'd be 1 in a billion.

Could you end up 6 years from now with an intact marriage, proceeds from the condo sale in your pocket, and a job to go back to? Sure, people win the lottery all the time.

Yea, this is the main problem I worry about. If I were single, I would move to Thailand tomorrow. With a wife, things are a lot more complicated. Will she need money for her Mom, will she find a good job and help with living expenses, will she tolerate my not working, etc... She'll tolerate my drinking, but not my butterflying.

I see these scenario's posed a lot of times. My thinking is that if i can't afford to retire in my home home country, or have enough liquid funds to return and start again, it is unlikely but not impossible you are going to have a successful life in Thailand. Referring to UK in particular it is very hard to get back into the property market once you exit. Even if prices are falling, there are transaction costs of buying a new home, and credit application issues if you need a mortgage to help. But good luck to OP whatever he decides.

It wouldn't be hard for me to start over again. I live a simple life and I don't care about material possesions. All I need is beer money, freedom, and a roof over my head. BTW, the reason I'm in credit card debt is because I had to buy my wife a lot of new stuff.

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Could not have summed it up better myself.

At 45 I was in your position minus the credit card debt and like you I wanted a change. Instead of jumping right away, the wife (Thai) and I decided on a 10 year plan. I sold off all my toys (boat, custom van, motorcycle and motor home) and banked the proceeds. I worked overtime when it suited me and the wife got a job. We saved but also took yearly trips to Thailand to scope things out before we make the jump. At age 54 we made the move. I have been here 6 years and have no regrets waiting because I live the lifestyle I like not one I'm forced into because of financial concerns.

I'd like to do this and make the move in 14 years. I'll be financially secure and can live until I die in Thailand. I just want to make the move now while I'm healthy. Who knows, 14 years from now, maybe I'll barely be able to walk.

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To be honest it sounds like you've made your mind up, come hel_l or high water you're going to do it regardless of what anyone here on this forum says.

So, as with anything you do in life give it 100%, keep your eyes open and watch your back.

Oh. and one last thing - Good luck because you'll need it. :o

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I can live in Jomtien for about 30,000 baht per month. That said, it cost me about 3 and a 1/2 million baht to get it setup that way. I would never advise anyone who is in their peak earning years to make the move without a fairly secure pension already in place.

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I can live in Jomtien for about 30,000 baht per month. That said, it cost me about 3 and a 1/2 million baht to get it setup that way. I would never advise anyone who is in their peak earning years to make the move without a fairly secure pension already in place.

I hope you didnt throw 3.5 million baht at thai property :D:D .... that makes it a double "Ohhh Wilber" :o

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