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Originally Posted by Sir Burr
7. Never sacrifice your future for the present. There are two types of farang that live in Thailand. Those that will be here for as long as they want, and those that will be forced home through lack of money. I have had close friends that have had to go back to the UK after staying in Phuket for twelve years or more. Once they are back, they don't adjust well.
It takes an awful lot of money to stay in Phuket. Don't sell up the home and make the permanent move to Thailand. If you fail and have to go home, at best you will have a big hole in your CV which employers don't like; at worst you will be too old to get a good job. Getting old is bad enough, being old AND poor is unthinkable. Better to keep making money in your home country and retire here when you have enough. US$400,000 would be the absolute minimum.
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Hullo Sir Burr,
Are you talking about having US$400k cash invested somewhere or held as readies in a bank in Thailand or a bank in another country.
I am very interested in knowing how you derived that figure.
Steve