Pattaya,
Thailand Retirement!
By John Galt
Yes,
you CAN retire on $50USD a day!
Although
it may be crass to say, MONEY is everything in this world-by having
money, you have the FREEDOM to do most anything you want. You're
fortunate to live in the West where you have the opportunity to
earn and save sufficient capital to last a lifetime. Even if you
don't have a lot, most Western countries' governments will guarantee
a monthly income (pension) of around $1,000 (USD) beginning in your
early 60s.
And
while not much in your home town, it is A LOT in Pattaya, Thailand.
Here's
what I mean:
Sample
monthly budget based on $50 day-
Housing
(including ALL utilities)-$300
Food-$180
Transport-$20
Entertainment-$500
Misc/Everything else-$500
Not
bad, eh! 1/3 of your budget is going towards entertainment which
is A LOT of SANOOK (fun) in Pattaya!
While
our budget of $50 a day exceeds the $1,000 monthly pension mentioned,
a little tweaking in the entertainment or miscellaneous categories
could bring it in-line. Or, having $100,000 in savings at 6% yields
$500 per month thus putting you at the $50 figure.
Note
that didn't factor a 'separate' travel fund for the annual trip
back to your home country. Inevitably you'll need to back, so ensure
you plan for it.
Now
if you're too young for a pension, their is hope!
If
have around $350,000USD saved, you've hit the mark, assuming a 6%
return on your money.
And
DON'T be discouraged if you're too young for a pension and short
on money--consider 'semi-retirement'.
Make
a plan to spend six months or so a year in Pattya, Thailand and
the balance working in your home country. This is the 'having your
cake and eating it too' strategy!
Go
to http://www.retire-to-pattaya-thailand.com for more INSIDER information
on retiring to Pattaya, Thailand.
John
Galt is the nome de plume of a frequent Southeast Asian traveler
and writer. He's the creator of the http://www.retire-to-pattaya-thailand.com
website, and the author of the Internet's ONLY newsletter devoted
to Pattaya, Thailand retirement.
