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  1. #1
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    Passive income recommendations to allow one to retire in Thailand?

    As per the title. i'm 45 now but intend to retire at 60ish. It would have been earlier but somehow I managed to get married again in my early 40s and had a child (not necessarily in that order).
    It's a difficult one as unlike most western expats I don't have a special forces pension to rely on. Or even a normal old age pension what they give to civilians in the UK on account of never paying National Insurance contributions.

    Some options that I have thought of:

    One or two rental properties in your home country (mine is the United Kingdom) ?
    Dividend paying shares?
    Rental property in Thailand?
    Buy some farm equipment and rent it out to the locals (probably not a good idea as the big man of the moo ban does that)
    Buying a lot of lottery tickets and visiting the temple frequently to facilitate more wins?

    How do you survive?

    And no 'send your wife to Pattaya' suggestions please as she is over 40 yrs old now and quite heavy set.

    Cheers

  2. #2
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    Crowdfunding is the way to go

  3. #3
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    ^ The old Teakdoor ploy but I believe Slim is not a Teffler!

  4. #4
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    I'm not convinced buying property now is a great plan as prices are up. However if you find a bargain in the right place it may be worthwhile. I don't know what skills you have but sweat equity in a fixer upper is doable if you have the time.

    As for dividends you'll need a lot of shares to pull a comfortable living off them. A little late to jump into Tesla or face book but find the next one and in ten years you may have something.

    As for rentals in a foreign country I'd really have to look into that one. The vibe I get is don't do it.

    I saw a video on utube by a guy named Harold Balder that hit on reasons not to buy property in Thailand.

    Good luck though, you have a few years to plan for the move if you end up taking that route.

  5. #5
    ความรู้ลึกลับ HuangLao's Avatar
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    Quote Originally Posted by Jack meoff View Post
    Crowdfunding is the way to go

    Can't miss with it.
    With so many charlatans, and subsequent suckers, out there - quick fire and sure income.


  6. #6
    Neo
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    If you find the answer SBF please let me know (via pm of course so these other coonts don't get in there first and cut me legs off)

    What line of work are you in?

    Can you take your expertise to open a small business, training a couple of clued up and keen natives to do the day to day for next to nothing and earn a steady if meagre income?

    That's what I will try to do eventually, too late too reinvent the wheel. Trying to build a bit of nest egg here in the ME but I dont have a corporate or armed forces pension to fall back on and after the private pensions meltdown of the 2000's who would want to buy into one. Having a steady income into retirement is essential.

    Don't write off the UK state pension either, I didn't pay stamps for years as a contractor. But with a top up of a couple of thousand I can still get 75% of the full pension, alright I won't get that until I'm 67 but if I'm still kicking it'll buy me fags and beers
    Last edited by Neo; 08-08-2018 at 10:51 PM.
    Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming "Wow! What a Ride!"

  7. #7
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    Another utuber is Retire cheep Asia. He breaks down health insurance carriers in Thailand. May be worth a look to anyone who is serious about jumping ship. I'm still holding on to the rail. I hope I don't end up going down with the ship.

  8. #8
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    If you have some kind of internet business you can be a digital nomad. Lots of yuppies in Chiang Mai. Rent is cheep.
    Just be leary of JonnyFd types and the dropship marketing phenomenon.

  9. #9
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    Invest in a bar in Thailand

    Property rental income is the way to go if you've no pension or savings.
    I know quite a few self employed people in the UK who have invested in a second property instead of dubious pensions.

  10. #10
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    Just been trying to find a thread on this subject I did a few years ago, fooked if I can find it.

    How to make money in Thailand legally.

  11. #11
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    I think it was in betting terms, show with two, leave with one.

  12. #12
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    Or none?
    Seriously.

  13. #13
    Neo
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    So buy a second property in the Uk to rent out.?

    Most people in the UK can't even afford a first property and for expats with no ties to the country the amount of money involved would be a significant nest egg in itself.

    If I had 150K+ going spare by the time I reach that stage I wouldn't sink it into property to rent in a far off land, rather I'd want to invest it in something where I choose to put my feet up and have a close eye on it.

    Sure there may be more security in bricks and mortar in a reliable economy back home, but I would hope to make more of that money and something tangible to occupy me in my retirement.

  14. #14
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    A 150k investment in the UK in a property were you have a reliable letting agent will return 6k a year, similar to a state pension.
    You also have the safe investment of a property that will gradually increase in value.

  15. #15
    Neo
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    If I had 150K and invested in a small business and couldn't clear more than 6000 pa profit I would have have really made a serious misjudgement about my own abilities.

    You tie up 150K in house you're never going to live in to get 6K return pa for 20 years if you're lucky before you croak it of boredom.

    Might as well put it in a bank, draw 6K a year out and spunk the other 30k George Best style... oh of course if you buy the house you still have a house after 20 years.. but you're dead

  16. #16
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    If you have property and you're an absentee landlord you will be paying someone to manage said property not to mention maintenance. Just something to concider. You're on the hook if they pay rent or not.

    Just my two bits worth on that. Like they say, go big or go home. In that I'm saying if you have multiple units and not scattered sights it may be worthwhile to have a handyman /manager.

  17. #17
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    As for stocks giving you a dividend income it's not a bad bet if you hold in some stable companies but like I mentioned you'll have to have a million invested to pull 40k in divs on average.

  18. #18
    Utopian Expat
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    Quote Originally Posted by Neo View Post
    If I had 150K and invested in a small business and couldn't clear more than 6000 pa profit I would have have really made a serious misjudgement about my own abilities.

    You tie up 150K in house you're never going to live in to get 6K return pa for 20 years if you're lucky before you croak it of boredom.

    Might as well put it in a bank, draw 6K a year out and spunk the other 30k George Best style... oh of course if you buy the house you still have a house after 20 years.. but you're dead
    When you put it like that I'm inclined to agree.

  19. #19
    Thailand Expat David48atTD's Avatar
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    It's a tricky question and it it depends on your expectations for income and growth and what investments you currently own.

    Also consider this advice of not concentrating your wealth in a single asset, asset class.

    One example of heart break.

    WWII immigrants to Australia, no skills, no language ... what job to do?

    Work as a Taxi/Cab driver. Earn coin, buy a Taxi and the license.
    That License costs maybe $10,000 (back then).
    Taxi Licenses increase in value, well over that of the inflation rate.
    10 years ago, last time I looked, a Taxi License was circa $300,000

    That WWII immigrant saw the value of Taxi Licenses grow and grow year on year.
    He thinks people will always need a Taxi so he buys another license and another and two more.
    He's rich, a millionaire in fact. No bad for a man who was penniless when he arrived on Australian shores.

    The income from the licenses will, over time payback the $600,000 he's borrowed against their house and
    his misses will fart through silk undies for the rest of her long life.


    However ...

    Along came Uber Within a few years the established Taxi industry is disrupted, probably for-ever.
    His Licenses are near worthless, his retirement dream shattered.
    Worse then that, his marriage broke up. He is 65, retired and with a debt of $600,000 to pay.

    Called a Black Swan event because almost no-one saw it coming.


    Moral of the story ... don't put all your eggs in one basket.

    Our fingerprints never fade from the lives we touch

  20. #20
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    Flip .dotcoms

    brainstorm up and coming global events/opportunities that may gather strength & buy all attributing .coms to hold, then auction later. Be creative.

    IE; I recently sold several N Korean urls I had acquired years ago to a S Korean investment house for surprisingly lucrative amounts.

    Ok, not entirely passive as I had to be a little proactive and,...errr click some buttons.

  21. #21
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    Imho, the key to passive (or near passive) income streams is to start w/ many.

    5-10 to just get started as your brilliant ideas prolly won't amount to much; whereas your "so-so ideas could surprise you...

    Best of luck Slim

    PS: open a market account for long term safety net.
    Don't know your budget, but 100k (usd) is generally advised.

    Individual co. stocks historically come out ahead of everything else.

  22. #22
    Thailand Expat
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    The moral is don't lay eggs.

    Just kidding but it's true. The easter bunny is a fallacy.
    If I were to give any credible advice it would be to invest early and often. I figured this out at age twelve. You see my older brother smoked, more than he had, so I'd sell him some of mine. Like selling umbrellas on a sunny day.
    You find that funny but then my brother gets off the plane into the sunsoaked sky and by god he'd pay anything for a umbrella. Be prepared, that's your best hedge.

  23. #23
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by slimboyfat View Post
    Buy some farm equipment and rent it out to the locals
    Unless you can do all your own repairs, maintenance etc I give that a wide birth.
    Quote Originally Posted by slimboyfat View Post
    she is over 40 yrs old now and quite heavy set.
    The arabs like them that way.

    I'd go for setting up an introduction service for Thai women to meet farang. A German, near where I live, does it. He charges, the woman, 25,000 Baht with no outlay. He trawls the free dating websites and matches them up to Thai women looking for a farang. The couple only get to see each other through his Skype. If they hit it off he arranges for the farang to come over. He then makes money from the farang by arranging airport pick up and local accommodation.
    The 25,000 is paid before the meet and is not refundable if it doesn't work out.
    I'd do it if I needed the money but I don't.
    Another way is to pally up with a pharmacist who can supply you meds. Plenty of people out there, on the web, wanting meds that are obtainable here but not in their own country.
    Last option is pole-dancing in a gay bar in Patters.

  24. #24
    ความรู้ลึกลับ HuangLao's Avatar
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    Online writing where the opportunities are endless.

    Not really working, so might be considered passive.

  25. #25
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    Be wary of traditional uk “rental investments”.

    Id go for 3 bed bungalows within 45 minutes of major population centres with some lifestyle element. Whitstable if you can afford it!

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