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MainMoney Matters – What monthly income would you want, before taking the plunge All Topics

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scobie
Let's imagine you had some assets (maybe a house, savings, shares etc) which were capable of generating an income.

How much income from investment assets would be enough for you to give it all up and come to live in LOS? Or, if you're in LOS already, how much non-work generated income would you want before you were comfortable throwing it in and going into early retirement?

For argument's sake, let's not discuss extra potential income from part-time jobs, freelancing, online share-trading etc. I know most here could generate extra income in one form or another if they needed to.

For my part, it would be something between 50-60,000 a month (to live up-country) and 80-100k a month in Bangkok. I like the quiet life.



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Posted on: 3:05 am on June 29, 2005
hypershade
If I had 100.000k a month for the rest of my life, I would never settle down, but travel around. The world is a big place. Much bigger then LOS.
6 months in one place is more then enough. Time to move on.


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Posted on: 3:15 am on June 29, 2005
MadStockBroker
Ten million bucks in the bank.

Half way there..............................





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Posted on: 3:15 am on June 29, 2005
hypershade

Quote: from MadStockBroker on 3:27 pm on June 29, 2005
Ten million bucks in the bank.

You have 5 million in the bank and you are still working?
Geee.


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Posted on: 3:16 am on June 29, 2005
GreenSlime
I would think that your estimates are just about correct. Up country you could live rather well on 50-60K baht per month and in Bkk or Pattaya you would need 100-150K baht I would think.

I am making 100k now and living in Chonburi (Bang Saen) area, and living quite nicely.

Granted you can't go out whoring every night like you do when you come here on vacation. But that usually wears off with time, and you will find yourself going out whoring less frequently.

JMO

(EDIT IN) I believe that scobie was talking Thai Baht not USD when stating his income figures.

GS


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Posted on: 3:20 am on June 29, 2005
Broken Leg

Quote: from hypershade on 3:28 pm on June 29, 2005

Quote: from MadStockBroker on 3:27 pm on June 29, 2005
Ten million bucks in the bank.

You have 5 million in the bank and you are still working?
Geee.



Would you expect anything less from a madstockbroker


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Posted on: 3:24 am on June 29, 2005
scobie
Thanks GreenSlime, but I wasn't intending to open another thread of what we feel a good income is in LOS. That's been done to death.

I'm more interested in members' personal feeling of what level of investment income (if they have any) would make them cease to be slaves to the corporate dollar.



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Posted on: 3:28 am on June 29, 2005
GreenSlime
I guess the point I was making, is that if I had investments that earned me 100K Thai baht per month, I would definitely move here to Thailand and retire.

I know some farangs here that get a monthly check of as little as 40k Thai Baht from a retirement fund and they live happily.


GS


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Posted on: 3:34 am on June 29, 2005
DaffyDuck

Quote: from hypershade on 3:28 pm on June 29, 2005
You have 5 million in the bank and you are still working?


I guess that's because he's a smart stockbroker! 10 million sounds about right for income generating assets.

I would feel comfortable with around 320,000 Baht each month. If I can have my investments regularly and reliably generate this amount, I'd consider retiring.

Maybe.


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Posted on: 3:47 am on June 29, 2005
scobie
Are you guys serious? US$10m. Assuming a return of 5% per annum, you would really want 20m baht annually or 1.66m a month to feel safe in life?

Jeez. you guys have expensive tastes.


Bangkok Girls : Meet Attractive Thai Girls
Posted on: 3:52 am on June 29, 2005
     

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