Quote:
Originally Posted by LivinLOS
Just for the record.. I say 80k is currently enough to have a LOT of fun living in Patong, Phuket.. You can start to have fun at around 60k I estimate, and thats for here.. Upcountry things are (so I am told, never lived up there) much cheaper and a simple life again is not expensive.. Its the bar life that rapidly sucks cash from your wallet.
Secondly if your 'income' is return on investments and savings then you wont need to have it taxed here.
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Thank you for setting that straight, I was going from memory, but at least I remembered some of the facts and knew where to give credit. If 60K/mo is the "start to have fun" number in Phuket and elsewhere in Thailand it may be half and you don't have to pay taxes then you still need US$320,000 to maintain a non-depleting nest egg (assuming the inflation +3% investment strategy).
As I said in my first post I am not pretending that I have any knowledge of the actual living expenses in Thailand (I just learned a little more about Phuket). I do know that if you want to plan live of a nest egg you need to give your overall finances some serious thought. This includes occasional trips back to farang-land to visit family or other ventures outside of Thailand, health care, etc. Tan Man reminded me that I think (in this respect) like an America. I realize that and I am not about to stop. Therefore my perspective may somewhat or greatly differ form others. With all the information I have and with as little of a need one may have, I do thing that living off a nest egg of $100,000 in Thailand would be tough, to say it the least.