jonik Posted March 6, 2005 Share Posted March 6, 2005 How much money would you say you'll need to use on a daily base in thailand. Owning your own condoe at about 40m2 and a normal car . Link to comment Share on other sites More sharing options...
Joey Boy Posted March 6, 2005 Share Posted March 6, 2005 same sh1t, different day Link to comment Share on other sites More sharing options...
jackr Posted March 6, 2005 Share Posted March 6, 2005 Monthly: 1 / 2,000 baht services for the condo, 1 / 2,000 baht fuel, 6 grand for food, 10 grand for piss and 20 grand for tarts...not of the jammy donut variety Link to comment Share on other sites More sharing options...
DP25 Posted March 6, 2005 Share Posted March 6, 2005 How much money would you say you'll need to use on a daily base in thailand.Owning your own condoe at about 40m2 and a normal car . <{POST_SNAPBACK}> Estimates on this will range from 42 baht and 50 satang per day to no less than 400,000 baht per month assuming you don't want to sleep with the soi dogs. Link to comment Share on other sites More sharing options...
jonik Posted March 6, 2005 Author Share Posted March 6, 2005 have some experience ehhhhh Link to comment Share on other sites More sharing options...
RDN Posted March 6, 2005 Share Posted March 6, 2005 Have a look here: http://www.thaivisa.com/forum/index.php?ac...=cost+of+living Link to comment Share on other sites More sharing options...
Boon Mee Posted March 7, 2005 Share Posted March 7, 2005 General rule of thumb: 65k Baht per month in BKK. A little less upcountry. Link to comment Share on other sites More sharing options...
seanocasey Posted March 7, 2005 Share Posted March 7, 2005 Would 20-30 million tbt be enough to retire on at 52 Hsbc are offering 8% now. Just wondering. Link to comment Share on other sites More sharing options...
Boon Mee Posted March 7, 2005 Share Posted March 7, 2005 Would 20-30 million tbt be enough to retire on at 52 Hsbc are offering 8% now.Just wondering. Depends on how old you are when you go into retirement. 30 million would be more than enough if you're 50 or better. Link to comment Share on other sites More sharing options...
seanocasey Posted March 7, 2005 Share Posted March 7, 2005 This answers a ###### of a lot http://www.thaivisa.com/forum/index.php?ac...=cost+of+living Link to comment Share on other sites More sharing options...
seanocasey Posted March 7, 2005 Share Posted March 7, 2005 Would 20-30 million tbt be enough to retire on at 52 Hsbc are offering 8% now.Just wondering. <{POST_SNAPBACK}> Depends on how old you are when you go into retirement. 30 million would be more than enough if you're 50 or better. <{POST_SNAPBACK}> Retire now at 52 Dont smoke drink very little mabye 3 beers a week "Thats all" 3 Link to comment Share on other sites More sharing options...
Phil Conners Posted March 7, 2005 Share Posted March 7, 2005 8% of 20MB = 133K/month, comfortably doable but you won't live a life in luxury. Link to comment Share on other sites More sharing options...
chingy_ Posted March 7, 2005 Share Posted March 7, 2005 brag, brag, brag, come and we'll talk about it, until than see you soon Link to comment Share on other sites More sharing options...
Phil Clark Posted March 7, 2005 Share Posted March 7, 2005 Would 20-30 million tbt be enough to retire on at 52 Hsbc are offering 8% now.Just wondering. <{POST_SNAPBACK}> 8% on Thai Baht deposits in Thailand? Please clarify. Thanks Link to comment Share on other sites More sharing options...
Neeranam Posted March 7, 2005 Share Posted March 7, 2005 8% of 20MB = 133K/month, comfortably doable but you won't live a life in luxury. I disagree, I would live a life of PURE luxury if I had even half of that per month. Link to comment Share on other sites More sharing options...
sua yai Posted March 7, 2005 Share Posted March 7, 2005 Accomodation and bills 10,000 per month. spending 1,000 per day. If I've got 50,000 a month, I'm happy and put some away. Link to comment Share on other sites More sharing options...
No beleeeeve! Posted March 7, 2005 Share Posted March 7, 2005 I could live like Hugh Hefner on 133,000 baht a month! Then again, I don't drink much, I eat like a Thai on the street, rarely eat Western food, and don't need much in the material possession department. Heck, I lived pretty good on about 50-60,000 baht a month for a while and I was partying it up. Link to comment Share on other sites More sharing options...
Ajarn Posted March 7, 2005 Share Posted March 7, 2005 8% of 20MB = 133K/month, comfortably doable but you won't live a life in luxury. <{POST_SNAPBACK}> Depends.... I couldn't, when I was married... I do, now that I'm not Link to comment Share on other sites More sharing options...
Ajarn Posted March 7, 2005 Share Posted March 7, 2005 Would 20-30 million tbt be enough to retire on at 52 Hsbc are offering 8% now.Just wondering. <{POST_SNAPBACK}> 8% on Thai Baht deposits in Thailand? Please clarify. Thanks <{POST_SNAPBACK}> Yes, hard to believe... Some more details, if you have any, would be appreciated... Link to comment Share on other sites More sharing options...
Heng Posted March 7, 2005 Share Posted March 7, 2005 Put 20 in the bank and loan out the other 10 at about 5% a month, for a revenue target of around 500k Baht a month. You'd probably only be able to collect about 300,000 Baht of that a month, but would probably be enough to barely get by on if you don't eat out every night. Recession proof as well. Link to comment Share on other sites More sharing options...
Thetyim Posted March 7, 2005 Share Posted March 7, 2005 More details of this HSBC offer please. Is this an annuity and in what currency ? Link to comment Share on other sites More sharing options...
Tompa Posted March 7, 2005 Share Posted March 7, 2005 Not sure if this is what he's talking about? http://www.hsbc.co.uk/1/2/ There's a limit though of 250/month Link to comment Share on other sites More sharing options...
Thaiquila Posted March 7, 2005 Share Posted March 7, 2005 (edited) I am not sure what the point is of fixating on a specific investment. Any individual that has a massive pool of capitol has the ability to invest in a diversified pool of assets (stocks, bonds, real estate, different currencies and countries) and be assured of a good living. Historically, 8 percent returns on average would be more than doable. Some years, there would be losses, and some years a much greater return than 8 percent. Talking about average returns over the long term. The key points being having a massive enough pool of money and the discipline to figure out what is a reasonably safe percentage to withdrawal every year. In this scenario it would be important to also not withdraw too little, unless you fancy a solid gold coffin. Edited March 7, 2005 by Thaiquila Link to comment Share on other sites More sharing options...
pnustedt Posted March 7, 2005 Share Posted March 7, 2005 It is probably a good idea to lock up a sum of money in a long term investment bond or similar product. If you reckon the min. you need to live on is Bt40K/month take out a Bt12mil. bond over 10 years - your return will probably be in the region of 4.5-5%. Any money you have over and above that can be used for more risky investments - or more fun. You should be able to live on the sums you talk of without depleting the capital for many years to come. HSBC does have some good products, not least the facility to hold many different currencies in your account. The drawback is that they only have the one branch - and that is in Bkk. Link to comment Share on other sites More sharing options...
Tornado Posted March 7, 2005 Share Posted March 7, 2005 I cant believe some of the responses to this thread, you guys must be buying gold everyday and eating at the Sheraton for all of your meals. My estimation would be, 50 thousand a month is plenty and that is still going out for great meals and a pissup once in a while. I live well under this and I dont have a budget that I cling to. Up north you can probably live on 20k easily. Link to comment Share on other sites More sharing options...
buadhai Posted March 7, 2005 Share Posted March 7, 2005 My estimation would be, 50 thousand a month is plenty and that is still going out for great meals and a pissup once in a while. I live well under this and I dont have a budget that I cling to. Up north you can probably live on 20k easily. <{POST_SNAPBACK}> Anyone living on about this amount care to break it down into categories such as housing, groceries, dining out, utilities, occasional 'piss up', transport, etc? That might be more helpful than just publishing gross totals.... Link to comment Share on other sites More sharing options...
RDN Posted March 7, 2005 Share Posted March 7, 2005 8% of 20MB = 133K/month, comfortably doable but you won't live a life in luxury. <{POST_SNAPBACK}> I would say that's enough to be pretty comfortable, but never touch your capital, just live on the interest. And keep a year's worth (1,000,000 THB / £13,000) available quickly (but in the UK, earning interest) for emergencies. Link to comment Share on other sites More sharing options...
RDN Posted March 7, 2005 Share Posted March 7, 2005 Anyone living on about this amount care to break it down into categories such as housing, groceries, dining out, utilities, occasional 'piss up', transport, etc?That might be more helpful than just publishing gross totals.... <{POST_SNAPBACK}> Have a look here: http://www.thaivisa.com/forum/index.php?ac...=cost+of+living - lots of topics on the cost of living in Thialand . Link to comment Share on other sites More sharing options...
jackr Posted March 7, 2005 Share Posted March 7, 2005 8% of 20MB = 133K/month, comfortably doable but you won't live a life in luxury. I disagree, I would live a life of PURE luxury if I had even half of that per month. I expect he's dishing out half that to his significant other, Neeranam. Link to comment Share on other sites More sharing options...
jonik Posted March 7, 2005 Author Share Posted March 7, 2005 ok so 50kbt a month is the lower limit! flat : 10000 month car : 5000 food : 15000 beer : 5000 pocketmoney :15000 does this seem about right? Link to comment Share on other sites More sharing options...
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