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Will I have enough to Live in Udon Thani with this


BarrieSawadee

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Hi again Barrie. Sorry to have to use your thread to put down a rather stupid poster, that's how it goes on here at times.

I won't go on about selling your house and things but just want to point out one thing that people seem to be missing.

You've told us your monetary position as it stands now but have you thought about 10, 20 or even 30 years time?

At 44/45 you have not built up enough years for a full UK pension. I know you would get a reduced one.

Do you have a company or private pension?

You might get by right now but as you get older you will need extra income as things wear out including yourself!

250,000/350,000 may be doable now but in 10 years time will not be enough!

I really think that you and GF working in UK for at least another 10 years would make your position so much easier!

Hiya again No problem I always believe that everybody is entitled to their opinion

Top advice again Sir Thanks

Yes I have a Private Company Pension been paying in for about 25 Years now I came out of Serps and I am not sure how that has effected My State Pension to be fair so My pension plans have been for exactly the reasons You have said in order to have some extra funds in My later Years

Fortunately I have recently been made MD of the Company I have worked for since School a (pretty large Company) with a good package

so 10 Years hopefully won`t be that necessary and before anyone says save for 10 Years as I have said before I am not here for the Material things I would just like out with some sort of security

Cheers again

Barrie

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Hi again Barrie. Sorry to have to use your thread to put down a rather stupid poster, that's how it goes on here at times.

I won't go on about selling your house and things but just want to point out one thing that people seem to be missing.

You've told us your monetary position as it stands now but have you thought about 10, 20 or even 30 years time?

At 44/45 you have not built up enough years for a full UK pension. I know you would get a reduced one.

Do you have a company or private pension?

You might get by right now but as you get older you will need extra income as things wear out including yourself!

250,000/350,000 may be doable now but in 10 years time will not be enough!

I really think that you and GF working in UK for at least another 10 years would make your position so much easier!

For as little as 1900 baht a month you can pay your contributions and top up to obtain a full UK pension.

At 45 years old alrerady the OP is going to receive the pension at 67.

Hiya Again

Is this true about the Contributions being enough already I thought I had heard somewhere that I had to pay in for something like 32 Years which would make Me 48 I am not all that sure though ?

Cheers

Barrie

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3 mill. for a build, ex land, is a fair price to build something nice and equip it to a decent standard. Sure it's possible to get away cheaper, make it smaller, use lower quality, use C Grade tiles, have to ak yourself though, why would you when you don't have to. Now if the OP would have said 500k or 10 mill., I would have said no way, but 3 mill. is very fair.

Hiya Again

Yeah it will plenty big enough and nice enough for us Two and Family visitors from the UK they will pay

for all entertainment when they arrive biggrin.png

I intend to fund a pool with that budget as well mind

All based on 20000 GBP per each 100M2 and I have already gotten cheaper prices xthan that already

And I have designed the House Myself clap2.gif

Cheers

Barrie

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Just keep the house in the UK and let a letting agency look after it for you this way they can sort out insurance and any problems that you might have regarding bad tenants etc and remember never spend purchase more in Thailand than you can just walk away from if some major problem arises here in Thailand be it family or medical. Always have an opt out plan for the future.

Thankyou for that Sir

Cheers

Barrie

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I think you had better realistically incorporate your low maintenance beauty taking her share of the house (100%) while seeking maintenace for the child you will probably end up having, into your calculations

Thanks for Your input I suppose

We really are not You though Sorry

Cheers Barrie

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Personally I cannot follow what has been paid for and what hasn't

Land paid for

(Wonder why you do n ot mention what you paid...are you that sure you got a good deal???)***

***That would be a good indicator as to how the rest of your plans might go

Generally, whatever you pay for consider lost

You will have to pay to get half of whatever back

As for 'a rock-solid relationship'......I have heard it too many times...

250,000 baht/year is only 20,000 baht per month.......not much at all....especially if you will have to be paying workers to get things done....

Good luck

Sir Your post is extremely Confused

Yeah heard many times and some actually do work Law of averages I guess and not just an attitude to working at a relationship to keep it awesome

What are You on about Money to Pay for Workers that is in the Budget of 60000 GBP ?

OK as far as the land goes My original Post was about Will this be enough after all of those costs have been included ?

Also as You can see I have been totally open on all of this in order to benefit from the answers "well most of them at least"

So just for You and no I am not saying I had a good deal or a Bad deal We have however bought exactly what We wanted We bought 3.5 Rai with 2 Rai already filled at least 2 metres high for 950000 THB that was when the THB was 44 and now it is nearly 55 and I have exchanged the funds for the Land at that rate

So just over 17000 GBP

Cheers Barrie

And thanks for the Good Luck

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I'm about 10 years ahead of you in that we have been married for that long. I've got a marionette in the UK that has been rented through an excellent agent just outside London near the M1 and M25 for the last 25 years.

If you can get a good agent then don't sell the house.

As to the land you can get an Usufruct that is for life much better than a 30 year lease. There is some debate over the possibility that if it is done after marriage it may be able to be cancelled by a divorce. However if you get it before marriage neither marriage nor divorce makes any difference. But if you do breakup having a legal right to live on the land makes no difference if the local people want you out.

If you want more information you can PM me

Hiya Thankyou

For that and I will PM You on the Weekend

Cheers

Barrie

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Just remember the land you have bought is probably either in your girl friend's name or buy so called company name. In either way probably you can never sell it again. Whatever you will build has the same fate.

Now it is up to you to sell your house in UK or not. Just imagine your future with the facts.

Anyway 20 000 Baht a month is not a big deal and you have to live probably hand to mouth too.

Hiya mrfaroukh

Thankyou for Your comments

I have said a lot on here now mind that I do not care what happens to the Land/House it will always be Hers/Her family`s

And I know it is pretty much a bare bones Living if You are not that Materialistic then How much do You need

I closed My social life down 18 Months ago in Preperation and Literally just stay at Home after Work researching/learning about Thailand`s Pitfalls I do not need to spend much to have fun I love People

Cheers

Barrie

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You have far too much $$$.

I suggest that you either -

be a monk

start a poker game

Ready?

Hiya Cheers

Texas Holdem ?

No problem.Online private table let`s do it :-)

Oh I forgot You can`t gamble over there cheesy.gif

Cheers

Barrie

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All good advice given IMO and I'd like to ask one question of the OP.

Living FULL TIME in LOS is vastly different from holidays or even from people leaving to work shifts in other countries. I retired here at 48 and did nothing for a fair few years (except get into trouble! 555). I now work full time (again) and it's actually much better.

My question then.......

What are you going to do with yourself @ 45yo ?

I "retired" in thailand at age 36. I was never bored. I traveled, read books, self-studied Thai language and history of SE asia, Burma in particular, did daily sports, aso. I also hang in hammocks and watched the horizon contemplating about the uselessness of our species/life... If I had to chose between working or doing what I want any time of my life I think I know the answer. smile.png

Hiya sticky lies

I hope the lies bit isn`t true :-)

Thanks for what You have posted You seem to have the same ideals as I totally

there are so many things that I just havn`t got time to do believe Me I cram a lot in outside of work as well

Long term stuff like learning to play guitar etc

No time for thinkers over here anymore either

Cheers

Barrie

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no one on this forum know what is going to happen tomorrow. we are in uncharted economic territory.

what will the exchange rate be in thirty years?

policies of your UK government? USA government? China?

What type of government in Thailand?

have you projected forward and factored in inflation?

i used excel to build a spread sheet to project costs forward for 20 years. Look at 2% inflation per year.

don't forget ongoing costs like bank service and transfer fees, immigration fees, drivers license fees, fuel, entertainment or hobbies, your Thai extended family, travel back to UK for family emergencies or holidays, vehicle maintenance, house maintenance, taxes, tools, clothing, shoes, new electronics, internet, cellphone, higher electricity costs, medications, health insurance, dental, divorce and unexpected costs like minor to serious injuries and having all your belongings stolen.

Trying to still save money is also important at 45 years old.

Are you going to have cash in the bank for Thai immigration requirements for 30 years or more?

To plan for 30 to 40 more years is not easy. I am 59 and living in Thailand and the laws are changing so fast here and in the USA.

I fully expect to be told in the future social security will not be paid out if you live abroad. Anything is possible.

Why "buy" property you don't really own when you can rent super cheap Thai style houses all over the country?

Hiya and thankyou

Yeah most of those suggestions I am aware of all property being stolen a frightening although fair point

Future state pensions probably want exist either I know

The rent thing certainly something to think about

Thanks again

Barrie

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I'm a year younger than you and have about 5 times more.

I retired last year but work with my wife legitimately here in Thailand. All of my assets are in home country and all are reinvested. I won't touch it beginning 48 years (my plan).

I've planned and budgeted and am comfortable knowing there is enough even accounting for contingent large expenses.

You don't have enough.

You'll need minimum double what you have to make it work here but hey, sell it all, set up shop here, and see how it goes.

Hiya and Thankyou

Our plan is to have some form of work all of My figures though are based on the worst scenario

I would have had 10 times what I have now if 2008 didn`t happen hence My lack of positivity for the West Corporate World

Cheers for the info though

Warm Regards

Barrie

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