"Retiring" in Thailand?

Discussion in 'Financial Independence, Retire Early (FIRE)' started by Terry_w, 24th Mar, 2022.

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  1. ttn

    ttn Well-Known Member

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    Can we be your friends @Terry_w ? ;)
     
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  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Yep
     
  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Only if it comes with benefits
     
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  4. ttn

    ttn Well-Known Member

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    My plan is simple - to build a GF and rent out the front house. Minimal house contents. Keep buying off-peak air tickets and travel the world. So many places and mountains have not been so plenty to do for a while :D
     
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  5. virgo

    virgo Well-Known Member

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    i biked the Mae Hon Son Loop from Chiangmai into Burma 25 years ago...some of my adventures were hair raising ..some were hilarious...:D

    can't wait to go back ..the Thais are amongst the most friendly people i know ! Plus the food...the food...heck! you only live once!
     
  6. ttn

    ttn Well-Known Member

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    One bucket list is biking in Vietnam (not in main cities) but more like from mid-end to Hoi An or even from Ha Noi to Saigon and take it slow and easy :) probably get a bike licence in Aust first so international recognition. Actually now is a good time as tourists are rare all over the world ;)
     
  7. virgo

    virgo Well-Known Member

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    One word (or maybe three) : Ha Giang Loop:p
     
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  8. BigL

    BigL Active Member

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    Renting short term and have near zero belongings doesn't sound like a good retirement. Beds in Thailand are often hard as well. There's just something nice about having your own things and a base to travel and be able to return to.
     
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  9. GoldCoastBound

    GoldCoastBound Well-Known Member

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    I'm not talking for me, we would get too bored, we prefer going everywhere, quite often....3-4 weeks trips
    Love thailand & bali though
     
  10. Melburnian007

    Melburnian007 Well-Known Member

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    All this sounds very good in theory and works out very well for many but probably not us (I can't even imagine moving interstate, guess it is an age thing with me lol.) I do wonder how many Aussies were desperate to return home to Australia during the pandemic. And I was thanking God that I was safe

    For me, I'd rather spend less and live a much simpler life here than say, spending a lot lesser and living it up in Thailand or some other cheaper country. Will probably travel to India/Thailand if we ever need to get any non-emergency medical procedure or major dental work done and it is exorbitantly expensive here. But settle down in another country? Not for me :)
     
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  11. Realist35

    Realist35 Well-Known Member

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    Hey guys, I just compared the cost of living between Australia and Thailand on Numbeo (see attached). Thailand is about 30% cheaper than Australia. Honestly, that's not that impressive. It seems way more expensive than what some posters are saying here, unless I'm missing something?

    I think there are way better retirement options. Check out Montenegro, with beautiful beaches and mountains. It is about 60% cheaper than Australia (see attached). Screenshot_20220528-172612_Samsung Internet.jpg Screenshot_20220528-172642_Samsung Internet.jpg
     
  12. geoffw

    geoffw Moderator Staff Member

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    Places like Chiang Mai or Phuket are about 50% cheaper than Melbourne.
     
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  13. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    It all depends. I just paid $16 for a salad dinner in bangkok - very nice too - but you can get a pad thai noodles for $3.33

    Cheap Housing is about 1/4 of the cost of Oz, but high end apartments are expensive. Next to Nana station it ranges from 30milB to 130milB for an apartment, that is $1.2mil to $5.4mil aud.
    Hotel like Ibis could be $40 per night, cheaper hotels $20, but super expensive around $400 per night

    brand new beach apartment in jomtien from $200k upwards - but small like 30sqm.

    Small bottle of cold water in 7/11 costs 29cents, but a smoothy in a mall franchise shop would cost about $8.
     
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  14. Lacrim

    Lacrim Well-Known Member

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    Digital nomads rave about Chiang Mai. Probably because its cheap I guess. I've never been there but would like to.

    If I was living overseas, I'd personally pick Bali or Malaysia over Phuket in terms of lifestyle etc. The only winner in Thailand for me is the superior healthcare compared to Indonesia. I'd love to live in Japan for a while too if I could, and Portugal, Spain, Hawaii etc etc.

    Can't wait - really wish we could do it now. Money isn't the problem. But I think we're boxed in due to kids education and stability.

    Thanks kids - ruined my dreams:mad:.
     
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  15. Baker

    Baker Well-Known Member

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    Look, it's a big sacrifice to make on my part, but if you pay for it then I'm willing to live your dream, report back on the experience and send you photos. You get the best of both worlds.
     
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  16. Ruby Tuesday

    Ruby Tuesday Well-Known Member

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    Done this with MIL 20 years ago who is an American. After a stoke she was put in a nursing home sat in the corner, feed crap fried food and sedatives while they took all her pension. She didnt want to live they said she wouldnt be able fly from NY to Las Vegas to visit daughter, it was a feat to get her out to visit another daughter just down the road for a day visit. When she was released my wife whisked her to the airport, with the help of flight centre got her on the plane to Philippines to my house there. where she got her own full time personal physio therapist for peanuts. A few hours of the meds and some decent food worked miracles. Been in America the last 15 years with her daughter and 93 years old much more healthy than at 73.
     
  17. Antoni0

    Antoni0 Well-Known Member

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    I know a doctor that retired there about 20 years ago and never looked back. A lot of people partner up with Thai's as it's easier to buy property in their name. If there's one thing I've seen with my parents in Australia and that is getting old is a business.
     
  18. Lacrim

    Lacrim Well-Known Member

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    Guess the only drawback is if one's kids stayed in Oz you'd hardly get to see them.
     
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  19. geoffw

    geoffw Moderator Staff Member

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    Or they might want to visit you more often than if you lived a distance away in Australia.

    We lived a seven hour drive away from my parents. There were no easy flights. We probably would have visited more often if it was just a flight to Bali or Thailand, for instance.
     
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  20. Piston_Broke

    Piston_Broke Well-Known Member

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    Yep may be going there late 22.
    I think most petty crime is never reported.
    Tourists are fair game to many in those places.
    Call a taxi instead?
    From what I see they mostly seem fairly basic compared to here.