How to retire for cheap? I'm not a consoomer and would be fine just drinking plain water and eating rice forever if it means not needing to work.

I just moved to Bangkok and will only spend like $1500 a month on day-to-day stuff for me and my gf (not including international travel and my USA expenses). A single guy could easily get by on $500 a month or less if willing to live in a moobaan. If you can save up like $200k in investments, you could set yourself up for life in Thailand without having to work.

>>60583701
Why Bangkok specifically? The air is shit. Cheap ok but so is Chiagn Mai.

>>60583463 (OP)

You're going to need at least $5m to retire in SEA.

>>60583701
Ive heard milan>Bangkok

>>60584062
It's either shit air or shit internet in sea

>>60583463 (OP)
How long do you depend on living?

>>60584062
>>60584075
The air pollution happens for part of the year but it's great right now. But the Internet is fast and cheap in Thailand. $16 a month for this speed but the condo owner is paying.

>>60584082
6 times quicker download and 22 times quicker upload that I pay 80 dollarydoos for in australia. utterly embarrassing.

>>60584064
why would you require that much?

>>60584089

Just because.

>>60583463 (OP)
helps a lot if you're in a warm country and can avoid the housing jew, housing is designed to keep you a slave with how expensive it is

>>60583701
wtf you're literally spending the same as you would in the west

>>60583463 (OP)
so buy rice to end of live

>>60584136
My monthly expenses in America is like $4500 if I'm being conservative. I make (made) great money but lifestyle creep is a bitch.

I'm living in Bangkok too

Lots of cute girls here. It's nice.

Weather is warm all the time, I don't need to keep gay jackets and long pants in my closet.

Have you tried coconut? It's nice to drink a coconut. Quite refreshing.

I like being able to go to a restaurant and get a nice meal for 7 USD. I used to live in Australia and that place is gay as fuck. Paying 18 aud for a pad Thai. Fuck that dude.

That guy who said you can survive on 599 USD a month is exaggerating a bit. I'd say you need a minimum for 1000 usd. Even then, that'd be stretching it. 2000 usd would be quite comfortable if you're not a consooomer. Can get a comfy condo and eat whatever you want at that price. Will have money left over to buy plane tickets to visit friends and family back home too. Yeah I'd aim for 2000 usd

Anyways time to go suck on a ladyboy. Peace.

>>60583701
t.

>>60584064
(you) are an idiot. $5mm and you can retire in USA nevermind SEA. Jesus the state of anons today.

>>60583701
Btw white gf?

>>60584064
5m baht yes

>>60584568
>2000 usd would be quite comfortable if you're not a consooomer
>Anyways time to go suck on a ladyboy.
2k/mo plus the income you make by sucking off ladyboys? Geez, it really has become more expensive.

>>60584841
>>60585749
If you can't tell he's joking, who's the real idiot? No wonder you people fall for jeet scams on here every single day...

>>60585746
Nah, she's from Laos.

>>60583463 (OP)
Go to prison

>>60584576
I don't work. And I've had my fun in Pattaya in the past. After an STD scare a couple years ago, I'm not going to take my chances again.

>>60583701
I have enough for 2kUSD/mo but even that seemed pretty minimal living, I visited a few years ago and I don't know how you can survive off $500/mo without sharing a room or living with roommates.
Then again, my spending is already only 3k/mo as a leaf, so I don't know if it's even worth the headache of the visa and figuring out taxes.

The elite visa would simplify the visa part, if I just bite the bullet and pay 20k to stay for 5 years, if you break it down it's an added $333/mo cost. Which brings me up to 2.3k/mo to live there. That's only 667/mo in savings to uproot myself and live in a completely foreign country. The $3k+ round trip airfare hurts that too. Not to mention it's a 22hr+ flight, which I'd probably do yearly to visit family.

The tax/banking situation is also complicated, I'd have to move to a different brokerage since they'd close my account and freeze everything if I became a non-resident. I'd lose any new TFSA contribution room, which would hurt growth. Although it seems I wouldn't be taxed on anything at all since thailand would consider it foreign income, and as long as it's not remitted the same year it was earned, it doesn't get taxed. So keeping a careful 1 year buffer of cash and cycling it out after a year as capital gains and dividends flow to the next year's fund seems like an easy enough system to minimize taxes. Then again it's already capital gains/dividends at this point which is only taxed a tiny amount in canada too, so not much savings there.
I'd lose OAS for every year I'm abroad as well, as someone in my 30s that could add up to a lot. Or it could be nothing.

Maybe I'll do it if I lose my job, but in the meantime I think I'll keep accumulating wealth, seems like there's so much risk with currency change, not having an actual resident visa, and headaches dealing with leaving my country permanently and long flights. Saving for 5 more years should be enough to retire here anyway.

>>60586176
Elite visa is not necessary. Look into DTV visa which costs like $300 and lasts for 5 years. You either have to be a digital nomad or sign up for overpriced classes like Muay Thai or cooking and show proof that you have $15,000 in the bank. I qualified because I made up a bunch of documents about being a remote worker lol

>>60586193
I looked into it and Muay Thai and cooking aren't interesting to me, and I wouldn't qualify for the digital nomad/remote worker, and I don't want to risk access to a country I want to live in by giving them made up documents as you did. Will that continue to work in 5 years when you have to renew? 10 years? 15? What's the plan if they reject you? Go back to work in a shittier labor market with a big employment gap? I'd want a long term solution.

idk maybe it's fine, but it's the combination of this and all the other issues that just makes it more unattractive to me. Sure it beats working, but I wouldn't want it to be my only option. Trying to do it on 2k/mo makes it a one way trip imo, and having to go back to your home country if it doesn't work out years later will be even harder.

>>60586278
You're right. Thai visa policies can change at any time. It's not a long long term solution but I personally don't plan on staying in Thailand forever. Worst case scenario, I would hop the border every 2 months same as what my gf has been doing since 2022.
But I understand the concern in your case. It's riskier for you if you have limited funds.

>>60583463 (OP)
I was planning to work until I had a heart attack, although I have npc to make life a little easier, I never considered retiring, maybe when btc reaches 300k or something like that

>>60586278
>>60586176
just keep building wealth and then you can visa hop in different asian countries

better to spend 90 days in thailand, vietnam, japan, etc. every year. That way you can keep your canadian residency.

>>60584064
to live like a god sure

You cannot "out cheap" life in order to not work

You need hard assets that go up greater than inflation does, and you need to never sell these assets

Having a shit diet and buying nothing wont make you suddenly free because 90% of your expenses in life is housing now.