Yes, you Can retire on Usd a day!
Although it may be crass to say, Money is all in this world-by having money, you have the relaxation to do most anyone you want. You’re fortunate to live in the West where you have the opportunity to earn and save adequate capital to last a lifetime. Even if you don’t have a lot, most Western countries’ governments will warrant a monthly earnings (pension) of colse to ,000 (Usd) beginning in your early 60s.
Pattaya
And while not much in your home town, it is A Lot in Pattaya, Thailand.
Here’s what I mean:
Sample monthly funds based on day-
Housing (including All utilities)-0
Food-0
Transport-
Entertainment-0
Misc/Everything else-0
Not bad, eh! 1/3 of your funds is going towards entertainment which is A Lot of Sanook (fun) in Pattaya!
While our funds of a day exceeds the ,000 monthly pension mentioned, a little tweaking in the entertainment or miscellaneous categories could bring it in-line. Or, having 0,000 in savings at 6% yields 0 per month thus putting you at the figure.
Note that didn’t factor a ‘separate’ trip fund for the annual trip back to your home country. Inevitably you’ll need to back, so ensure you plan for it.
Now if you’re too young for a pension, their is hope!
If have colse to 0,000Usd saved, you’ve hit the mark, assuming a 6% return on your money.
And Don’T be discouraged if you’re too young for a pension and short on money–consider ‘semi-retirement’.
Make a plan to spend six months or so a year in Pattya, Thailand and the balance working in your home country. This is the ‘having your cake and eating it too’ strategy!
Go to http://www.retire-to-pattaya-thailand.com for more Insider facts on retiring to Pattaya, Thailand.
Pattaya, Thailand Retirement!
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