Why you need $3200 Month Minimum to Retire in Thailand
HTML-код
- Опубликовано: 7 фев 2025
- Links promised in the above video are here:
vagabondbuddha...
𝗗𝗮𝗻’𝘀 𝗙𝗥𝗘𝗘 𝗘-𝗕𝗢𝗢𝗞→ 𝗙𝗶𝗿𝗲 𝗬𝗼𝘂𝗿 𝗕𝗼𝘀𝘀 𝗧𝗿𝗮𝘃𝗲𝗹 𝗪𝗼𝗿𝗹𝗱
vagabondbuddha...
𝗗𝗮𝗻’𝘀 𝗥𝗲𝘁𝗶𝗿𝗲 𝗖𝗵𝗲𝗮𝗽 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗪𝗼𝗿𝗹𝗱𝘄𝗶𝗱𝗲☆★☆
vagabondbuddha...
𝗗𝗮𝗻’𝘀 𝗥oad Map to Freedom Overseas (Retire Overseas Course)☆★☆
vagabondbuddha...
𝗗𝗮𝗻’𝘀 𝗛𝗼𝘄 𝘁𝗼 𝗠𝗮𝗸𝗲 $$$ 𝗢𝗻𝗹𝗶𝗻𝗲 𝘄𝗶𝘁𝗵 𝗬𝗼𝘂𝗿 𝗛𝗼𝗯𝗯𝘆 𝗖𝗼𝘂𝗿𝘀e
vagabondbuddha...
Health Insurance I Bought (Free ebook, Video, Agent, not affiliate link):
vagabondbuddha...
What kinds of risks are you taking if you move overseas?
vagabondbuddha...
👇🏻 𝐅𝐎𝐋𝐋𝐎𝐖 𝐐𝐈𝐀𝐍𝐆 👇🏻
💁🏻♀️ 𝐇𝐎𝐁𝐎 𝐕𝐄𝐍𝐓𝐔𝐑𝐄𝐒 - 𝐐𝐈𝐀𝐍𝐆 𝐇𝐔𝐈
〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️
📹 𝙔𝙊𝙐𝙏𝙐𝘽𝙀 𝘾𝙃𝘼𝙉𝙉𝙀𝙇: / @hoboventures
📌 𝘽𝙇𝙊𝙂 : hoboventures.com/
🤳𝙄𝙉𝙎𝙏𝘼𝙂𝙍𝘼𝙈 : / qianghui
‼️𝐋𝐈𝐀𝐁𝐈𝐋𝐈𝐓𝐘 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑‼️: While we have done our best to share our gathered data with you, we are not responsible for any errors or omissions, or for the results obtained using this information. All information is provided “AS-IS,” with no guarantee of completeness, accuracy, timeliness, or for the results obtained using this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability, and fitness for a particular purpose. In no event will we be liable to you or anyone else for any decision made or action taken in reliance on the information for any consequential, special or similar damages. Any reliance on the information is strictly at your own risk. Instead, you should consult with legal, medical, financial, tax, and/or other such appropriate professionals familiar with your unique and detailed factual situation before taking any actions.
‼️𝐂𝐎𝐒𝐓 𝐎𝐅 𝐋𝐈𝐕𝐈𝐍𝐆 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑‼️: Our cost of living estimates include only the cheapest food, rent, and local transportation. It does not include medical insurance or any other expenses. Before moving here, you must do a temporary exploratory site visit in order to accurately calculate your personal cost of living here for all costs for your lifestyle and needs. Plus, make sure you have access to significant additional savings in case you face an emergency.
꧁ 𝐕𝐀𝐆𝐀𝐁𝐎𝐍𝐃 𝐀𝐖𝐀𝐊𝐄 ꧂ 𝐢𝐬 𝐭𝐡𝐞 𝐘𝐨𝐮𝐭𝐮𝐛𝐞 𝐜𝐡𝐚𝐧𝐧𝐞𝐥 𝐟𝐨𝐫 𝐕𝐚𝐠𝐚𝐛𝐨𝐧𝐝𝐁𝐮𝐝𝐝𝐡𝐚.𝐜𝐨𝐦
☆★☆ 𝐅𝐎𝐋𝐋𝐎𝐖 𝐌𝐄 ☆★☆
💁🏻♂️ ➪ 𝐕𝐀𝐆𝐀𝐁𝐎𝐍𝐃 𝐁𝐔𝐃𝐃𝐇𝐀
〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️
☆ 𝙁𝘼𝘾𝙀𝘽𝙊𝙊𝙆 𝙋𝘼𝙂𝙀 ☆ :
/ vagabondbuddha
☆ 📩 𝘾𝙊𝙉𝙏𝘼𝘾𝙏 𝘿𝘼𝙉 ☆ :
vagabondbuddha...
𝑻𝒉𝒂𝒏𝒌 𝒚𝒐𝒖 𝒇𝒐𝒓 𝒘𝒂𝒕𝒄𝒉𝒊𝒏𝒈,
𝑫𝒂𝒏
✩★☆ 𝘼𝙉𝙊𝙏𝙃𝙀𝙍 𝙁𝙍𝙀𝙀 𝙚𝘽𝙊𝙊𝙆 𝙄 (𝘼𝙈) 𝙃𝘼𝙋𝙋𝙔☆★✩
vagabondbuddha...
Links promised in the above video are here:
vagabondbuddha.com/why-you-need-3200-usd-per-month-to-retire-in-thailand/
𝗗𝗮𝗻’𝘀 𝗙𝗥𝗘𝗘 𝗘-𝗕𝗢𝗢𝗞→ 𝗙𝗶𝗿𝗲 𝗬𝗼𝘂𝗿 𝗕𝗼𝘀𝘀 𝗧𝗿𝗮𝘃𝗲𝗹 𝗪𝗼𝗿𝗹𝗱
vagabondbuddha.com/fire-your-boss-travel-world/
𝗗𝗮𝗻’𝘀 𝗥𝗲𝘁𝗶𝗿𝗲 𝗖𝗵𝗲𝗮𝗽 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗪𝗼𝗿𝗹𝗱𝘄𝗶𝗱𝗲☆★☆
vagabondbuddha.com/
𝗗𝗮𝗻’𝘀 𝗥oad Map to Freedom Overseas (Retire Overseas Course)☆★☆
vagabondbuddha.com/courses/the-retire-overseas-course/
𝗗𝗮𝗻’𝘀 𝗛𝗼𝘄 𝘁𝗼 𝗠𝗮𝗸𝗲 $$$ 𝗢𝗻𝗹𝗶𝗻𝗲 𝘄𝗶𝘁𝗵 𝗬𝗼𝘂𝗿 𝗛𝗼𝗯𝗯𝘆 𝗖𝗼𝘂𝗿𝘀e
vagabondbuddha.com/courses/the-hobby-income-course/
Health Insurance I Bought (Free ebook, Video, Agent, not affiliate link):
vagabondbuddha.com/expat-health-insurance-ebook/
What kinds of risks are you taking if you move overseas?
vagabondbuddha.com/our-liability-disclaimer-the-risk-is-on-you/
I live in Thialand for less than 1000 a month if I want to but usually around 1500 I eat out every meal
@tonyadams09 Hi ! Would you like to be a guest start on one of my videos? Here is an example guest star video: ruclips.net/video/ySM_2jAC4v4/видео.html
Your interview could be just your voice or we could do a zoom call showing your face. If you would like to be a guest star and share your story please leave a personal message here: vagabondbuddha.com/contact/
Thank you for your comment. The detail of your comment makes this real for people. If you have a business, service, or RUclips channel, you could share that on the interview. Best, Dan
@@tonyadams09 thansk you
I am now living on about $1,000 in BKK without any health insurance... rent $320 with electrical & water; cooking in my little apt - only Premium food, like Salmon & organic food - $300; occassionally go to the food court at Asoke Terminal 21 - $1 meal; GYM membership $37 per-month 24-hours; Massages $150 to $200 per-month. Transportation - $20 to $50;
VISA RUNS - That is the variable at the moment. $300 to $500 every 3 months - but you get to go to Vietnam, like Da Nang.
I am coming to Thailand in January. Due to certain circumstances here in Canada(not being able find an affordable place to live and more!) I am going to try to make a life for myself in Thailand or Vietnam. I like your budget!!
@@fugguhber4699 I hope you don’t have an accident and try and sponge of the public with a go fund me page
Do you have a RUclips channel?
@@Kiefer1976what a stupid comment!
Why no health insurance?
I just lost my twin sister in July from a rare disease (MSA - Multiple Symptom Atrophy) that took her in 4 years. I also lost a son at 14 years old - took him in ten months to (AML Leukemia). They both died on the same date- 15 years apart. How does this pertain to the content on this video? Life is short and we only get one. I'm 57 and have no business retiring early at 58. I do not have a million bucks but I do have savings that can provide for more than 10 years living in Thailand before I take social security. I'm tired - I've worked for 39 years and I want peace and beauty. The biggest issue for me is that I won’t be able to see my younger son but he's doing great and we will visit twice a year. Nothing is permanent in life so go for it. Just a little of my story and thank you for your channel
Sorry for your loss. I like your tenacity and optimistic way of thinking. All the best to you,
Love your story and I’m sorry for your loss.
@@andrearheintgen8523 all the best, thanks for sharing. ❤
@@andrearheintgen8523 I agree with you. I am really considering this.
My Condolences to You and Your Family! And you definitely have the right attitude!! Wishing you All The Best in your Journey!!
I'm not sure how you are living, but i live very well on 1800 per month. 3.2k is living large unless you are boozin and a walking ATM for the girls at the bars.
You two are really the best You consider everything a person wonders about actually living full or part time in another country. Thank you
We try to cover real issues. Very few people have done this as long so the issues they talk about can be superficial (but still important for new people)
3200$ in thailand? for 3200$ you can retire anywhere in the world... Nobody in Europe has a retirement of 3200$
Anywhere in the world? Nope. E.g. rent in California is $2500 up.
@@formica. why would any sane person want to live in California ?
Many Norwegians have that kind of pension, or more, but yes, you would normally only need half of that to retire in Thailand.
Rent in California coastal 2k usd and up.
If you want the US lifestyle in Bangkok, a house rental and western grocery may cost you 3200 USD a month.
Hola friends 👋🏼👋🏼❤
Another informative great video. 😊 Safe travels guys. 🎉
Cheers from 2 Canadians 🇨🇦 living in Mexico.🇲🇽✌🏼🥰
WOW YOU GUYS ARE COMPREHENSIVE!!!! Thank you. Love what a great couple and team you make. Every man should be so lucky. Or willing to put in the effort to make it happen. Cudos to you both. Your channel is heads and shoulders above the rest ....Kim of SV Philiosophy Lumut Malaysia
Life style determines costs in Thailand. Then add on emergency funds for medical issues. Plus any vacation costs you will occur.
Great point as usual Martin. Need an emergency fund in case life happens.
I live in Thailand. I spend about $250 a month. I own a house with my wife. It cost us 11.5k£ gbp. Nice big land and garden, basic house with its issues but we have AC and no floods and water is good. Not interested in the life in the resorts, been to Pattaya for 2 hours and left asap. We live in a rice farmers village. It’s beautiful and quiet and nature everywhere. Town is 20 minutes drive, bigger town 35 minutes. When we want to we fly to Bangkok for a city break. Those who spend 1000s a month here are either rich or easily marketed to. I’d rather invest my extra money and get richer than throw it away on rent in an overpriced place. Each to his own. Anyone reading this who can’t believe Thailand is as expensive as stayed in this video there are other choices, depends what you want from life and if the simpler life suits them there are options. We got a 60% discount on the property via wife’s family, hence the low cost. No rent to pay, building work is cheap here for labour, materials are reasonable prices. We will install some solar panels to supplement electricity but I don’t find it crazy expensive now.
Hi @frontstandard1488, Would you like to be a guest start on one of my videos? Here is an example guest star video: ruclips.net/video/ySM_2jAC4v4/видео.html
Your interview could be just your voice or we could do a zoom call showing your face. If you would like to be a guest star and share your story please leave a personal message here: vagabondbuddha.com/contact/
Thank you for your comment. The detail of your comment makes this real for people. If you have a business, service, or RUclips channel, you could share that on the interview. Best, Dan
Clearly you don't have any or adequate medical insurance, so you're making a bad decision. Good medical insurance (that covers really good hospitals outside of Thailand) will cost you at least $200/month. You say you'd rather "invest your extra money to get richer than throw it away on rent in an overpriced place." So you'd rather collect money for the sake of collecting it rather than spending it living in more comfort? What's the point of "getting richer by saving money" if you don't want to spend it on anything nice? You actually claim rent is "throwing money away" when just about every expat knows that it's cheaper to rent than to buy in Thailand. Funny thing about humans is that if we only have $250/month we can get by. Some will even fool themselves into thinking they're living well.
$250/month you are living as a poor person in rural Thailand, thats even below Thai minimum wage, its equivalent to my electric bill of my house in Bangkok. lol
If you have a home paid for and no debt you can live easy for 700.00 a month, what are you doing with 3200 a month .
@@roymoxley2587 Yea ok. $700/mo is survival mode. You'd live better in a US prison. Proper medical insurance: $200/mo; Shoe Box studio: $300/mo; low-end food & bev: $300/mo.....went over your budget and no money for visas and related issues, travel, entertainment, etc. Ignorance is bliss.
Your video is the best I have come across. Thank you. I’m 56 and wife a little older :) and retiring in August. We are giving this so real consideration. According to your figures we won’t have any issue at all with finances. Her retirement alone would be more than sufficient but we also have a great nest egg.
I actually have a home remodeling company that I started and have ran for the past 30 years that my son will take over, or pretty much has lol. I would love to reach out to you in August/ September. I’m assuming we will come two to three months at first to make sure and then come back to the states to close everything out. Do you show newbies the basics, like a tour for a day or two. Of course we would compensate for your time.
Very creative and informative way to impart cost of living classes.
A friend of mine, whom I visited recently, has been living in Bangkok comfortably for over 10 years for around $ 1,200./month.
Maybe he used to
2024 is impossible to live in Bangkok comfortably for 1200$ a month
I believe it
@@yssss-q9istop spreading misinformation
Risking it all with no health insurance and frequent visa runs sure, but not everybody wants to live like that.
@@yssss-q9i Not true. I spent $1100 last month, even with a trip to bang saen with my gf too.
Your title is what “ click bait “ ?
Living in Thailand can be done for $1000 USD relatively easily .
It is actually a minimum for some people. Some need even more. Video explains why
That's not living, it's surviving. You can live better in the USA on $1000/month because you get welfare (free food, shelter and medical). Plus you're not in a police state. Start thinking clearly.
@@avainvestmentanalytics no such thing as free food, shelter and medical. Us hard working taxpayers are funding it. You are welcome. 🙂
@@waynerhodes5456 Sorry, but you're wrong. It's free to those who cannot afford it. Please don't waste people's time with ridiculous comments.
Yes there's people that say you can't live in the United States for less than $600 or $700 a week which is easily livable depends on your living situation. I live on the average of 15 to $18 an hour and usually not even 40 hours of work a week play in Tennessee. Not only do I make about an average of 400 to 600 a week in Tennessee I can save enough money doing that to work in national Parks out west that provide free housing free laundry free water free electric free internet you just pay for your food and make about $18 an hour 4 months out of the year on a beautiful national Park then I go every year or two to Thailand or the Philippines all from making 15 to $18 an hour
That’s incredible!
I guess if there is a will, there is a way. You can make it work even in the USA.
Grind hard, get your government pension, your already working in government. Come to Thailand full time. Live the dream full time. Save like no other. When all my friends were putting in pools and buying toys I invested. Looking solid now.
"easily livable" complete nonsense. A lot of things that are possible are far from easy.
One other thing you need to keep in mind when moving there is that inflation will still happen. Another is insurance goes up as you get older. You will want your income to be more so you can keep investing and grow your income to keep up. My personal goal is 3500 a month with a 2k budget. I plan on retiring to Pattaya at 50. People who live on 1K tend to skip out on important things like insurance and emergency funds.
Dan as usual your videos are on point. I was looking at your budget and it was very reasonable. Of course rent can be cheaper. I’ve seen many videos with realtors showing apartments for $300. They are further out but right off the rail system. As a person from the north east. I am ready to explore as a native. You said something on your video that reminded me of what a very famous Buddhist monk stated. He was making the statement regarding a spouse. He said people need to begin learning how to appreciate and love the person you have. Vice wanting something else to love. In other words. Stop comparing what you have or don’t have. Stop wanting something else. Learn to love and appreciate what you have. Personally I don’t need all these material things. Just some music. Tropical juices and good people. I can eat once a day and be happy. I don’t drink alcohol. I plan on coming and teaching English. Even if I teach to local children for food. It will be enough. Three classes a week for two hours. They can brome fruit and eggs for payment. Vegetables etc etc. They can teach me about Thailand and the language. A win win.
I pay 7000 Baht a month for rent on the beach in Thailand. I’ve learned how to make my retirement dollar stretch 🙏❤️🇹🇭
Thailand wishes you would leave Sir 😂😂😂😂🎉🎉
@ 😂😂ha ha I’ll have to disagree with you there my friend 😉😂
Hi @floydventures, Would you like to be a guest start on one of my videos? Here is an example guest star video: ruclips.net/video/ySM_2jAC4v4/видео.html
Your interview could be just your voice or we could do a zoom call showing your face. If you would like to be a guest star and share your story please leave a personal message here: vagabondbuddha.com/contact/
Thank you for your comment. The detail of your comment makes this real for people. If you have a business, service, or RUclips channel, you could share that on the interview. Best, Dan
@@JoyceSin-w5k no one care what you think. He's too busy living his life. You post this on anyone who lives below what you think is acceptable 😂
@@JoyceSin-w5kstop being a hater
Good take on different life-styles. For me, going native is the most interesting. I require a pro to restring my tennis racket; otherwise, I usually prefer local. Yours truly, 32 Days to Bangkok.
Excellent analysis.. 👍
I'm 33, at the 3200 mark, all I want to do was to exercise and study in peace. But I am blown away by what you said about transportation
I was fortunate enough to spend 30 days in Thailand in 2022. You are absolutely right in describing cost of living variations. Everyone is different. I've lived like locals in Thailand and Costa Rica and I've partied like a rock star blowing money. The key is to understand that when you retire in a foreign country that you are retired or living and not on vacation. I see so many people abandon international living because they say it's expensive like the US when in reality, they lived like they were on vacation and blew through the savings. I plan on retiring abroad and love your videos.
You've got it! And before they go broke they say thing like, "You can't live here for less than $2500 per month," when the locals are living on $500 per month. They think "I can't ... means you can't."
Hey brother... great video. I think you've made some good analytics that people should dwell on.
As you said its not wrong which path you choose but expats should be aware that the $500/mo videos are for a soartan lifestyle.
Of course everything is relative. Living on ‘The Strip’ whether that’s Florida, AU Gold Coast etc. is always going to be more expensive. The Algarve PT is similarly expensive. However, if you are content to live in the hinterland prices fall considerably. Each to their own though.
Oh and BTW Dan, you’re a fortunate man 😉
Bonne journée
Moving to SE Asia at the end of April. I’ve been before so have a pretty good grasp on the situation. My plan is to live with a budget of $2500 my monthly income is over $7000 so plan on saving and investing as much as possible.
Thanks for watching @FflopsNtanktops! You have the world by the balls. Dan
Thanks, a really good video on contrasting the different lifestyle's you can have, and the philosophy on living a good life thanks.
Nice to see your intro from my Condo The Rivera Jomtien..
That's a great location, I love the area
Don't worry folks - (he's American)...... 2000 US will allow you, at least now, to live an albeit somewhat modest life but you can still afford enough to treat yourself. Just bring enough to to get yourself going with a used, modest car. Just don't expect to stay in the fashionable parts. That having been said, actually, for the rich/upper middleclass this is very reasoned advice.
Even less
Cost to Living vs Cost to Retire
Living paycheck to paycheck anywhere is financial suicide, so it is important to differentiate:
Cost of Living = sum of housing + food + medical + transport + misc + fun. Money spent.
Cost to Retire = Cost of Living + Buffer.
A monthly Buffer covers predictable expenses (medical, moving, vehicle), emergencies, future inflation, peace of mind.
If your Cost of Living is $1600, then $2000 to $3200 monthly income as a Cost to Retire is reasonable. Left over Buffer increases the Nest Egg every month.
No Buffer? You will be drawing down the Nest Egg, don't let it run out.
@@formica. You make a good point but it depends on how old you are and how much money in balance you have to retire on. Lot of people scrimp and save right into their old age and never end up having a nice retirement for fear
Ok. So in your example, if you stayed within a strict budget, a range of $400 to $1600 would be saved for the nest egg each month, depending on your monthly income ?
@@Gizziiusa Right. My point is that, I'm just warning people who are planning to move overseas for a better and cheaper life, that a lot of videos say "Retire in Thailand/Philippines/Guatemala/etc for $1200".
I worry that that guys who haven't thought it through, will say, "Wow my retirement check is $1200 a month, I can do that". They don't consider they will need a monthly financial buffer, or a decent nest egg, too, for the unexpected.
Before covid, the Thai baht got really strong. There were lots of vlogs about Brit and Aussie expats who had to return home because their currency lost 30% value, their equivalent $1200 check was now only worth $800 in Thai money.
Well stated!
Seems like so many people assume that if they have $ x dollars, then they can spend $ x dollars --- never a thought of what opportunities this attitude may cause them to forgo, or what unforeseen expense might de-rail their lifestyle or world.
Keep a healthy buffer as part of your regular monthly budget and *never ever * spend all that you have without considering what you'll have left over!
One way leads to a prosperous and secure life -- the other, to eventual ruin....
Cheers!...from North Vancouver
Well said Formica. No matter where you retire you will have unexpected emergencies and expenses so you need an emergency fund to draw from for that. And it is better to now live on your whole paycheck, but to live on less and add to your emergency fund each month.
More of the best advice available Dan as usual…
I just left thailand stayed for a year in bangkok and lived well for 800 cad a month thats like 640 usd and lived better then i do back home in canada had no problem and went out every weekend 500 is a struggle but under 1000 is very doable
My budget included visas rent food insurance
Thanks for the great advice and perspective on travel overseas.
Thank you so much for this video. I just get retired with 3400$ per mouth + investment. I is hard living well in Canada now, I was thinking a lot moving in Thailand . Now I have a idea what can I have. I would like to live in kho Samui with a scooter and 1 bed appartement very simple. Now I know it is possible, thank you.
As a retired American Expat living in Thailand I have to say this gentleman could not be more wrong. I lived my entire life in the United States as an average middle class American and there is no way that I would need that kind of money here in Thailand to maintain the same lifestyle.
That’s a negative ghost rider
so many varibles, I couldnt imagine making such narrow minded opinions for both the channel and you. too many variables, actually.
True, Bill! Most expats live well on a 1600-1800 USD budget a month. 2000 USD, very well.
how much do you pay for health insurance per month?
We spent about half that in Bangkok last month (itemized): ruclips.net/video/R9rHcDGJSxQ/видео.htmlsi=wsn3U7wMBqLQtdol
The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings to fall back on.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I've lived on $1000/mo in Lampang, $1200/mo in Surat Thani and $2000+ in bkk. I was comfortable and happy in all those situations. I will admit that i had less worries with the $2000+ in bkk. Happiness index was about the same in all places but I had more options (travel, food, drinks, golf.....) with more income. If you differentiate "need" and "want", things are MUCH simpler.😆
"...our favorite restaurants...like Chili's, the Sizzler..." 😂 Savage!
But seriously, this was an excellent way of framing the budget question, and it makes me even more confident that I can slow-travel full-time, rotating between SE Asia, Eastern/Southern Europe/N Africa, and Latin America every 3-4 months for about 2,200 USD per month plus an additional 1,000 per month earmarked for travel (long-haul flights, plus regional flights & lodging for the occasional weekend excursion).
@@sirrebral this is my itinerary for my slow travels chronical videos for my family.
Great info Dan. Even cheaper in Isaan.
Hi @novak4594, Would you like to be a guest start on one of my videos? Here is an example guest star video: ruclips.net/video/ySM_2jAC4v4/видео.html
Your interview could be just your voice or we could do a zoom call showing your face. If you would like to be a guest star and share your story please leave a personal message here: vagabondbuddha.com/contact/
Thank you for your comment. The detail of your comment makes this real for people. If you have a business, service, or RUclips channel, you could share that on the interview. Best, Dan
Good job man!
Health insurance and my resident visa are the highest expenses for me. $3200 sounds right if you want to travel and explore. I live on about $2000 per month in Isan.
Hi @mlgneo2855, Would you like to be a guest start on one of my videos? Here is an example guest star video: ruclips.net/video/ySM_2jAC4v4/видео.html
Your interview could be just your voice or we could do a zoom call showing your face. If you would like to be a guest star and share your story please leave a personal message here: vagabondbuddha.com/contact/
Thank you for your comment. The detail of your comment makes this real for people. If you have a business, service, or RUclips channel, you could share that on the interview. Best, Dan
Compared to the US. 3200 per month to live an upper middle income lifestyle is amazing. Especially with a stunner on your arm.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio..
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
No, not everyone should have BTC, only those who want a huge gamble.
@wkrp01 my opinion it's a huge gamble not to have it. Buy mstr stock If you want another option or the available etf's.
Don't be ridiculous. No one "needs" crypto to build wealth. Crypto is routinely being pumped and dumped by huge institutional investors, so if you are risk averse, avoid it like the plague. There are plenty of tried and true assets to invest in to build wealth... stocks, real estate, commodities, etc. I've sen this movie before. Everyone starts singing the praises of bitcoin when it's soaring, but then they go silent when the selloff happens...and it WILL happen.
@@icucmerc wrong timing to buy BTC at/near the top. Hope it goes under 20k again. Then it's a maybe.
GREAT info, as usual.
He explains the different expectations and income requirements well.
Excellent commentary!!!
If Vietnam legalize marijuana... And had no pre-entry Visa.. And gave 6 months on arrival... Thailand prices would go down by half..But Vietnam Seems to do everything they can to hurt the tourism industry in their country.
Vietnam does tourism very poorly and is way way below other S.E.A countries regarding tourism. I love how vlogs say move to Vietnam to live a cheap and peaceful life 😂😂😂it's cheap but ain't always peaceful and I know as I did 10years there!
Pre entry visa? Can you elaborate please
@@reoun1654what’s not peaceful about the country? Please elaborate and educate me
@@spookyblack7526You must apply online before entry to the country or you must get a service to apply for you. Before you enter the country, you must pay a fee.
On the website did not operate correctly and they scammed me four $150.00 Most countries do not need to get permission before entering just need to show them your passport.
Hi @dannys-beverage-world, Would you like to be a guest start on one of my videos? Here is an example guest star video: ruclips.net/video/ySM_2jAC4v4/видео.html
Your interview could be just your voice or we could do a zoom call showing your face. If you would like to be a guest star and share your story please leave a personal message here: vagabondbuddha.com/contact/
Thank you for your comment. The detail of your comment makes this real for people. If you have a business, service, or RUclips channel, you could share that on the interview. Best, Dan
You can live in Thailand for $800 a month to $5000 a month or more. Depending on your life style. If you go to bars and want different woman every night, you need $3200 a month. If you have one girlfriend and live modestly, $1500 is enough to live comfortably.
Your vlogs are well presented and gets people to think about options but,and a big but, before you go and live abroad do a 3 month stint somewhere in S.E.A which is nowhere near enough but it will at least give you a feel of it! I lived in Vietnam for 10years and speak the language to a fairly good level and my wife is Vietnamese as well and it aint all Rainbow and Butterflies in Asia there are very good times but there are other times that will send you nuts and drive the best back home so really do your homework if you have the luxury that is!
Yes, exploratory visits are very important. You have to investigate a place, see how it feels,. and see what your lifestyle would cost.
Really good video, thank you!
I think I'm about a $1200 per month thinker😂. These breakdowns are great. Thanks Dan!
I like to think I can do $1,000 a month thinking, but I definitely need to try it first
You can try it now, by imagining your exact life/diet/situation, and simulating it in your own country. i.e. If someone imagines they might need to quit smoking or beer, or whatever luxury we are addicted to, is to fit into a Thailand budget, then just make all those changes now. (Of. course food is cheaper in Thailand, but you can work out your monthly Thailand food basket, and try living off it now)
You definitely can. Don’t take advice from these people. Travel and go see for yourself brother
You can if you buy food at local markets, cook your own food, use local transportation and rent in a local area. Forget western restaurants, expensive malls and propping up your elbows at bars.
Well said Dan. A little tongue and cheek but point was made diplomatically😂
Fantastic video. Going by your numbers I'm somewhere between the $1500 and $3200 levels. Food, transport and entertainment is closer to the $1500 lifestyle you described, but I suspect accommodation will be closer to the $3200 lifestyle.... So prob mid 2k would be the sweet spot.
Excellent compare and contrast. I like how you describe the $3200/mo. habits in a non-judgmental tone, even if the words can be stinging. 🙂
It's your voice Sir. It is an easy listen. Your way of capturing the daily living to be expected is the best I know. Thanks!
Great insightful video Dan! Thank you for sharing your views!
i needed 6000 euro per year inkl. everything, except health insuranse. lived in hua hin, 140 meters away from the beach.
Come be a guest star and share your story: vagabondbuddha.com/contact/
You know way more about this than I do. I will use my 2019 experience in Thailand as a comparison. I will start at 1500 usd
1. 1500 a month in total expenses could have easily been done. I lived in several hotels, and they are more expensive than renting, but since this is a retirement video. This is the tricky part. Because I think you should have insurance. It can still be done but if you are dating more than twice a week. You will feel the pinch
2. I think at 2000 2500 usd, you can pretty much do anything you want but within reason and not in excess but you will be very comfortable. still got to watch what you spend.
3. 3000 USD and above, you are living kind of posh, and your only worries are, driving, transportation, pollution and crossing the street lol
Thanks for sharing your experience!
As far as restaurants and bars go find places a few blocks away from the tourist areas. Look at the menu sometimes the special isn’t always the best or maybe you just have to pay a little extra for what is more appetizing to you.
Local people can live with their family and share expenses like food, electricity, water, sanitation, internet, scooters, in a house that is already paid for. And no visa expenses. Locals can probably survive on less than 50 USD/month in the countryside. 15 kg of cooking gas is 423 baht, and those who use small amounts of electricty get subsidized. Its all about how you are able to entertain yourself. Many westerners need expensive activities to get enjoyment out of life, and experience lifestyle inflation when they go to a cheaper country. I think most people in the west are just like the local thais. They stay at home most of the time when they are not working, and dont have the time to waste money.
They should find free or inexpensive activities for entertainment. Locals spend time: gardening, cooking, watching TV, drinking and singing karaoke, fishing, picking mushrooms, visiting and volunteering at temples, riding bikes, fixing cars etc.
And there are many foreigners who do the same.
So many places in Asia you can live on £1,000. But more is always better..
Thailand, Cambodia, Vietnam or the Philippines…
All have fantastic beaches and are cheap…Philippines speaks English..
My approach is to figure out what the minimum cost per month that I can ttlive comfortably is. My definition of comfortable is going to be different from other folks. I want to live in the middle of the action, so in the middle of a city which will be a lot more expensive than village life. I'm also not including upcoming major medical expensive, those I will pay out of my retirement savings. It also doesn't include how much I am going to spend on nightlife, that is optional. My goal is not to live inexpensively, but to make it easy to be able to reduce my cost of living without having to drop below my minimum desired level of comfort.
As a small business owner, l've been researching retirement plans, but it's overwhelming trying to figure out which one is best for me. I've heard good things about both Solo 401(k)s and SEP IRAs, but I'm not sure which option fits my needs better
Same here! I've always relied on my savings, but with inflation soaring, I'm realizing that's not enough. I need a solid retirement plan that balances tax advantages and long-term growth. It's hard to know where to start with all the options available
I went with a SEP IRA initially because it's straightforward and easy to set up.
But now that my business is doing well, l'm considering a Solo 401(k) for the higher contribution limits. It's tough deciding which is better in the long run
I've been managing my finances on my own, but it's getting overwhelming.
Choosing between a Solo 401(k) and a SEP IRA feels like a big decision, and I don't want to make a mistake. Do any of you have a trusted advisor to recommend?
Great info, I just found him on the web.
I am impressed. I also scheduled with him too.
Warning everyone. When you see a string of messages like this that end up recommending a single investment advisor that multiple people in the message stream have all used to retire early using their advice. I would not trust this myself. In such odd situations there may be scams going on. Get your investment advice from real people you know not someone that you hear about on the internet. No offense to anyone who made comments here that is telling a real story or is offering honest advice. But this pattern of behavior where multiple people just seem to show up on the same youtube video and recommend the same person, just seems statistically unlikely to me. I am not even saying this is BS, there is an off chance possibility that someone here is telling a real story. I am just saying the behavior seems so out of the ordinary statistically speaking, that I would never send money to someone like this without very critical consideration and proof. I routinely block anyone that leaves names of brokers, a whatsap or other contact numbers or emails on here. If another one shows up on any of my videos before I read the comments, I don't suggest you trust them without speaking to your lawyer or accountant. I don't know that this person is dishonest, but I wouldn't trust this. Best of luck to everyone. Dan
To live very well, $3200 is great. But most people $2500 is the sweet spot
Agree
2500 is easy living in bkk. Not luxurious but very comfortable. Thats my level right now.
Excellent Video.
I think a lot of people only look at their day-to-day or maybe week to week. Many of the "living for $1200" is more about surviving, not living. Most people forget about costs every few months or years. Scooter plus gas, maintenance, title/insurance costs, and then replacing it every so often. What about clothes, laptop, TV, Health insurance, etc. They just see over the next few weeks. Daily meals, rent, electric, water, gym membership, and their thoughts on Transport. Again, may things are missed. One year I recorded every Satang. $2642.22 average per month but if you actually asked me I would have said $1900 or so. This number included actual cost of transferring money (or withdraw fees), varying exchange rate, etc. I didn't travel outside of Thailand/Cambodia that year but it did include all border runs and visa fees and even the cost to expand my passport (ran out of pages). It's these "other things" that people forget. Fyi for the multi-year things like clothes, phone, laptop, tv, scooter, etc. I figured lifecyle on those and then amortized it by year.
Thanks for your input.
You can only live on a low income IF you have fully prepared ahead of time. Mentally and financially. If you are sober and serious, with funds to help you get in and settled with an emergency fund....$1300 a month is do-able. If you add in the beer and the girls and are living in an expensive area? Not a chance!
Great video. You two are adorable.
Good video, I think people look at it the wrong way, it shouldn't be how much do I need to live in X on.. the better way should be I have $X per month what will my life be like in X country.
Great point.
Good twist to the standard budget vlog
Well done.
well done...thank you
Welcome to Bangkok. I will be around here on and off until March
I just finished 8 weeks in TH w wife. No partying but mostly nice food every night. We were spending $3K per month. $1000 for meals, $1000 for housing, $1000 for transportation. We cook breakfast at home. We do drink moderately but stick to Chang and low priced wines. We do not ride motorbikes so get econo car rental. We can get by in europe on the same budget with more emphasis on cooking at home.
Agree some people have a lot on their "needs" list, and those things will cost quite a bit more than other people that don't require those needs. They seem to want the exact western lifestyle, just in a new country. If that is what they want so be it, its their life and their budget.
Exactly.
2K a month for most people is enough. the equivalent in USA Austin, TX would be about 8K a month.
"I'm too old to start eating rice now." I would change that to " I'm so old now all my teeth will let eat is rice now."
When in Rome, the best food is Italian. "Best" meaning most delicious and cheapest,
Dan - You look happier in Thailand than other countries. Do I detect a possible semi-permanent home for you in the future, and possibly giving up the nomadic lifestyle???
Nit yet, but when we do, it will be in the top 23 countries for sure.
my homecountry sounds cheap compair to this.. thai people might soon start thinking about retiring in my country
The only person who knows how much is yourself ! If you drink/ smoke etc 🫣 hard each day … you’re heading for a crash.
Again i have lived on a £1000 a month & enjoyed every day
damn you guys make 3000 usd a month in Thailand sound pretty rich, I have to get over to Thailand :)
Great video! I saw 🥦🥦 at the market you were at so now I know if I go to Thailand there is food there for me because I mostly eat broccoli lol
Have a nice day 😊
What you have coming in is one thing. What you actually spend is something else again. I spend what I spend and invest the rest. That's working out great.
Everything in life is based on experiences. I may be wrong, but I would guess that the overwhelming majority of western foreigners have either no or very little international travel experience. Because of this, they are at a huge disadvantage. I know a little bit about this subject because I have lived and worked abroad in multiple countries for the past 16 out of 18 years. And throughout that time, the most important thing I have learned is that we as human beings, regardless of nationality need far less than imaginable in order to feel a true sense of peace and contentment. Some of you will do just fine and adjust nicely, while others will fail miserably and perhaps end up homeless in southeast Asia or elsewhere. I wish you all the very best!!!
Thanks for your thoughts.
Nothing wrong with your video but I just did my 3rd trip to Thailand in June in preparation for my retirement to The Land of Smiles and I know that I can live on
@@palirvin1871 The rule is that the 800k must be back in your bank 2 months before extension (not 3), and stay in bank 3 months after. You can only spend 400k the rest of the months (it must not go below 400k), 7 months in total. You got this a little wrong, if you do as you say, starting to use it at once after your extension, or spend all 800k of it, you will not get a new extension based on the 800k in bank method 😉
It's 800k and cannot go below 400k for a few months before renewal for next year.. get two bank accounts if you go this route. One to live out of and one to hold your 800k. You don't have to, but it makes it easy on immigration when they are scrolling your bank book to see if you dipped below 400k.
The 800k must be in bank 2 months before your extension, and 3 months after. That`s the immigration rules. It can not go below 400k for the rest 7 months of the year. If you do not follow this, you will not get your extension granted. Plenty of reports of denied extensions because of this.
@sarlina1 yes this, accurate info.
Hi @palirvin1871, Would you like to be a guest start on one of my videos? Here is an example guest star video: ruclips.net/video/ySM_2jAC4v4/видео.html
Your interview could be just your voice or we could do a zoom call showing your face. If you would like to be a guest star and share your story please leave a personal message here: vagabondbuddha.com/contact/
Thank you for your comment. The detail of your comment makes this real for people. If you have a business, service, or RUclips channel, you could share that on the interview. Best, Dan
The way you rationalize the difference in lifestyles based on budget is EXACTLY the way I think. I've never been to Thailand. I'm a former US Marine, born and living in Dallas, Texas. At 58, I'm "informally retired" and will move to Thailand after I sell my home in the next few months.
I consider myself flexible in regards to adjusting to new/different living environments, foods and cultures.
I think the biggest hardship for most foreigners moving to Thailand is that too many of them go there not realizing how THEY will have to change what they do/think..........instead, they mistakingly are shocked that the new location doesn't adjust to THEM.
well said.
@@djib77 Thank you, Sir!
Depends, difficult in cities like phuket for exemple
If that is the case avoid Phuket
It's for people with a mindless holiday lifestyle, not a "live in another beautiful country where my dollar stretches much further in retirement " lifestyle....😊
As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.
Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
@Andreavince-v what are you talking about, every other week the market is making new highs.
@@Andreavince-v more ruddy Scambots
I am 58 , my health insurance cost me 1300$ a month in USA , I am thinking of being nomads outside US now . Also I am retired
Ozzie- what has America got to offer you? Nothing but stress and costs.
@@geoffwaterman6560exactly
Is $1300 just insurance for yourself?
I hear that. Insane. If you want premium health care in thailand blue cross blue shield affiliate is geo blue Explorer. At 52 years old no pre exist non smoker was about 470 usd a month. Probably more now. Or go self insure, just have 60k usd set aside to save your bacon. Research costs for major surgery in thailand you will get an idea for what it costs to get fixed.
That is crazy ... insurance for 1 person.
I drove a Harley Davidson for over 8 years in LA and avoided riding in Asian neighborhoods because they can't drive and high probability of accidents so I would discourage driving a bike in Asia, car travel only for me, it's worth to pay more for a car to stay safe thx
Traffic is crazy there for sure.
$3200/mo would just about wipe out my SS check, if I were retired now. One observation from watching these types of videos: retirement appears to mean working on selling the latest snake oil of how to retire early.
Video advice is mainly for entertainment purposes. Never plan to retire overseas without an exploratory trip first. I suggest 2 weeks is enough time to explore and check out prices for yourself before committing to long term. Too many people move overseas before a visit and realize it does not meet their expectations or budget. Good luck!
@@by9917 Unfortunately your SS, medicare are about to be cut. Plan on having less in the coming years.
Where and why is this a snake oil video? I missed that I guess.
This video was one of the worst he’s made
@@robertcarlclayton7724 actually SS just got a 2.5% COLA. People have been saying for decades that SS is going to run out.... Still waiting for that.... 👀
Hey! Dan hope you both are doing well. I just tried to purchase your lifetime membership with the discount code and it wouldn’t work. Can you pls advise 😊
Sorry about that. That sale ended Jan 2nd, midnight pacific. Make sure to jump on my email list if you want to learn about this sort of stuff. vagabondbuddha.com/fire-your-boss-travel-world/
Excellent video and also keep in mind the 3200 a month shopping in a big city you can actually shop in those air conditioned nice grocery stores in smaller towns on the thousand-dollar a month thinking I was up north two different times between Chiang Mai and Chiang Rai and although the food prices this past year were higher than they were two years ago when I went it's not abnormal for two people to be able to buy groceries for about $100 for 2 weeks
Factory workers in the UK get £2000($2500) a month if they are lucky and raise a family and keep a roof. But that much in Thailand for an individual person is a robbery n should be adviced against.
I have met expats in Thailand that say they live anywhere from $700 to $8000 per month.
Finally. Truth be told.
Well, reality ck for Shure, its the same everywhere. But cost is lower there.
Besides KL and Penang, what cities in Malaysia do you recommend for ExPat slow travel?
Here are all of the places we enjoy there: vagabondbuddha.com/best-places-travel-cheap/malaysia/
Saw the Girl, 5sec later no need to explain anymore- good return ratio, good video anyway ☺️
This video is not suggesting people pay for sex. The video actually goes in the other direction regarding expenses.