MY NEW VIDEO AN ACHIEVABLE BUDGET OF HOW MUCH WOULD YOU NEED TO LIVE OR RETIRE IN THAILAND IN 2024?
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- Опубликовано: 13 сен 2024
- A question I am often asked is how much do you need to retire or live in Thailand? Well, how long is a piece of string? My answer is, it depends on your budget and what you want to do with your life when you arrive here. I know people who through necessity live on next to nothing and others who live in mansions overlooking the Gulf of Thailand and drive Porches or Mercedes. This video is about what I consider the bare minimum to live a fairly good life in Thailand.
Book Video Links:
A Three-Week Road Trip Through Northwest Thailand…tinyurl.com/38...
A Three-Week Road Trip Through Southern Thailand tinyurl.com/38... The Retire in Thailand Handbook 2023… tinyurl.com/3j...
Ten Best Countries to Retire on Your Pension tinyurl.com/yc...
My other books… tinyurl.com/38...
Links to my social media:
My books on Thailand… tinyurl.com/36...
My Facebook… / ged.hogg.3 Twitter… / geraldhogg3witter
My website… sspchef.wixsit...
MY BIOGRAPHY
• You Will Never Amount to Anything
THE RETIREMENT SERIES OF BOOKS
• The Retire in Thailand Handbook (The First Six Months)
• Same-Same but Different
• A Retirees Guide to Southeast Asia, Myanmar, Malaysia, Singapore, and Bal
• A Retirees Guide to South East Asia, Cambodia, Vietnam, The Philippines and Laos
• The 10 Best Countries in The World to Retire on a Pension
• The Retire in Thailand Handbook 2023 (The Next Six Years)
• A Three-Week Road Trip Through Sothern Thailand
FICTION
• The Deptford Mask Murders
• Murder In Paradise
• Bar Girl
• Lawyers Guns and Money
• Adolf Fittler
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Thanks Ged enjoyed this informative video. Helps to get perspective.
Great video !!! Thank you Gerald ! 😊
Thanks Ged, I can be a little slow sometimes 🙃
No problem mate have a great day
Good one! Thank you Ged 🙏
Your welcome I hope that it was useful to you if you are planning on coming here
ok. Thanks.
Thanks Ged.
Your welcome I hope that it was useful to you
Hi Ged, just watched your latest video and I think you are absolutely spot-on with your prices and analysis. Great video to watch thank you very much, I have watched a few of your videos in the past. Just moved to Hua Hin from Phuket and absolutely loving it. Staying near soi 80 so as to be close to everything for three months while I have a good look around at where I permanently want to stay, would be great to catch up for a drink sometime and have a chat if you are interested, I'm originally from England moved to Australia in 2005 but now live here and so glad I did it! Once again thanks for the video, take care.
Hi Gordon. Sorry for the delay I just saw your message. Yeah big difference
Sorry I put send before I finished. Yeah a big difference between Phuket and Hua Hin. I once thought that Phuket would be the place for me but after spending 6 months there I decided it wasn't.
It would be good to catch up
I’d add at least 30% for clothes, travel and other such stuff to prevent boredom and insanity lol
Yes 30% seems about right. I have cheap months where I don't spend much then the next month I treat myself and go on a trip. I live very well on my pension
Great summary, I enjoy your videos
Thanks Joe I am glad that you enjoyed it
Cheers
Ged
Hopefully the beginning of June will start my retirement in Bangkok. I've been retired in the US for the last 4 years and blowing through 40,000 plus dollars per year.
My pension along with some extra Cash from my reserves. Will should see me well in Thailand but I'm aware that I could easily lose my shirt if I'm not careful.
As you say, it really depends on your specific needs. I'm going to start in Bangkok and I realize that it's probably one of the more expensive places to live, next year. I'll go somewhere cheaper. Like maybe Pattaya. Or Jomtien beach.
I live very simply. Probably much like you Ged. Good info
Hi Justin. I live frugally but not cheaply from week to week and the money that I save allows me to travel and do interested things often
Cheers
Ged
Another legend of a video. Thanks for the info. Got back from Phuket last Thursday. Booking another trip back tomorrow 😅
Hi Gary. I am glad that you enjoyed it and that it was useful to you.
Safe travels
Another great informative video Ged
Thanks Paul. It's a very doable estimate
Cheers
Ged
Hello again Ged, you once showed us a printed page of Google Maps that showed your condo as proof for immigration. Where and how did you create that Google map page? Do you have a printer at home?
No I just go to Google maps and type in the address then take a screenshot on my laptop then save it then transfer it to a USB and take it to a print shop.
I hope that this helps
Cheers
Ged
Hello again Ged, do expats use (do you use) american currency at all? Is it a common or uncommon practice? Ever see USD used with street vendors or at the mall or restaurants or nite market? Thanks for your time.
Hi K C no never only Thai baht. Over the border in Cambodia US dollars are the preferred currency and accepted everywhere but in Thailand you would have to change any foreign currency to baht.
Cheers
Ged
No, What vendor would give you a better rate than the kiosks?
Nice condo. Nice gym, nice pool area and close to the beach. You left out one little detail...what's the name of the condo. You did say it was on soi 88.
Thanks Ged.
The Condo 88
That condo has got to be a downgrade for many, my advice is to not go too basic on accommodation so you might actually enjoy it rather than tolerate it. You probably will break even as you won't go out as much.
@@Roof_Pizza @roofpizza1250 Mate I have lived here for 7 years and been coming to Thailand regularly since 1982. I have rented properties paying 50,000 a month and havent been happy living there but I am happy living here and I am having a great life. What suits me might not suit you but everyone is different. Thanks for the advice but I am 72 years old and I have lived in 10 countries and bought and sold property in most of them and still own a house worth close to a million dollars in Australia and two condos in Tampa so forgive me if I choose what suits me to live because if I don't know what I am doing now I will never know.
Cheers
Ged
Cheers
Ged
@@thailandmyland...retiringd2351 It's still a downgrade for many and they will be seeking entertainment elsewhere. Doesn't matter what you like it's the truth. If you or anyone else likes it that's fine but many/most people are used to a higher standard. 10k I'm sure came into the equation. Jeez you're sensitive typical Western failure escaping to Thailand, Are you one kick away from being confused for a Swiss national? The place I'm living in is twice the price, 3 times the size, and 5 times as nice. It's a private villa. Someone your age should have millions in property as it was as easy as buying chips for your generation.
@@thailandmyland...retiringd2351
We said Ged 👍
Do you think you will see out your days there or do you think you might move back to the UK or Australia as you get to an age where you might need age care?
Hi Paul. No I definitely wouldn't move back to the UK. It's not the same country that it was and I don't recognise it as my own anymore. If I ever got so sick that I needed ongoing serious medical help then perhaps I would move back to Australia where my family are. I see many older men here who look infirm and sick and some of them pay for a live-in nurse which would be a lot cheaper than paying for a nursing home back in blighty. Having a pretty 30 year old Thai nurse caring for you 24 hours a day is a better option for me. They also have the benefit of the better weather here which makes a big difference compared to the weather in the uk. To be honest the thought of living in a nursing home in England with dozens of other oldies fills me with dread 😂😂😂 so I will hope for continuing good health and see out my days here.
Cheers
Ged
@@thailandmyland...retiringd2351 , good to know that there is an option of having a full time nurse, I didn't realise that was possible? Thanks mate!👍
@@paulsandford3345 In many towns that cater to expats they have nursing homes or villa complexes for retiree's with twenty four hour on call medical staff. Which in my opinion is a far better option.
I hope that this helps
@@thailandmyland...retiringd2351, wow that's good to know, food for thought! Thanks
Hey Ged I have a phone question. I'm currently on my daughters family phone plan. When I get there and buy my AIS sims card and 5G phone plan does my daughters phone plan just get over ridden and no longer in effect. I'm thinking her phone plan goes away and is replaced by the AIS plan. Is that correct? Thanks.
Hi mate. I am not sure how that works as I have never done that. I would imagine that if you take out the sim card from your home countries phone provider and put in the AIS sim card then you would just pay the AIS plan. If you want to keep your home country sim as well so that friends and family can contact you when you are in Thailand then you will have to pay those charges from your home phone provider. Perhaps go into your phone providers shop in your country before you leave and ask what options you have.
I hope that this helps
Cheers
Ged
I have a phone with an internal Sim as well as an external. I use Google fi in the states and I can switch between SIM cards on the phone. I also use a secondary phone so that in Thailand my primary phone will stay off and locked up in the safe while my secondary will not have any banking information on it. Just in case I lose the phone, I don't want sensitive information to get out there.
As long as your daughter is paying for you to be on her plan, you're still on it. However, you need to check about roaming charges. That can be quite expensive. But once you switch over to a different Sim that's the active Sim. On my phone. I can actually have both Sims active. I could choose one for calls and the other for data. You need to look and see what kind of phone you have and what your plan is.
No medical costs but I think you wing it a bit where they are concerned don't you ? Maybe about £100 a month upwards depending on age etc.
Once you reach retirement age the costs are high and the premiums rise every year as you get older as you are more at risk of sickness and hospitalisation. The government haven't made it mandatory as yet and hopefully they won't as I don't want to give the medical insurance companies a large wack of my pension every month
Cheers
Ged
G'day Ged, great to see another informative video of yours posted.
Will watch it in full after some house chores get done.
🙏 ❤ 🇹🇭
Sorry to state the obvious but your audio needs looking at mate
@@jimcolless6931 Sorry for that Jim. I know about the audio unfortunately being on a pension I don't always have the funds to improve equipment. I prefer to save my money for enjoying life in Thailand. I don't get any income from this channel I do it purely to keep myself busy in retirement and inform people like yourself on the good and the bad things about living here
Cheers
Ged
I'm about to turn 66 and I've gotten several estimates from companies in the area. I did not like the premiums. They were very high. I have Medicare in the US that will cover me in Thailand for 3 months for emergency care. Other than that, as far as I'm concerned the $800,000 Thai baht that is in the bank will be my emergency medical fund. If it's really serious then I'll do my best, if it's less serious, I'll get on a plane back to the US. If it's the end of my life then that is what it is. Don't want to be spending good money. Trying to keep dead protoplasm alive.
Get a thai girlfriend, that works!