I forgot to mention that part of the long term plan is love life- maybe a separate vlog to regurgitate the same old platitudes again for those that didn’t hear in the back. I’ve got a lot of long timers subscribed to this channel- please drop your advice below - offers for you also below 👇 👉 OUR LAZADA SHOP For Honey, Cacao, Super Greens Powder, Ginger Extract Celtic Salt & Lots More! Here: shorturl.at/Q863r 🍄 MUSHROOMS: Get Discounted Fruiting Body Mushroom Supplements Thailand & Worldwide Shipping: bit.ly/3Vu8Hp3 👉 SURFSHARK VPN: Go to surfshark.com/nakedguru for 4 extra months of Surfshark VPN free! CHAPTERS 00:00 Intro - Accumulation Of Junk On The Farm 00:28 Hoarding In Thailand 02:39 Our Main Projects Are Finished 03:40 Solar In Thailand - It Was Not Worth It For Us - But It Could Be 06:06 Insurance In Thailand - What I Do But Its Not For Everyone? 07:30 Self Insuring In Thailand 08:07 Social Security System 09:29 You Can Keep It Until You Die 10:51 Beware Insurance Scams 13:50 Preparing For Retirement - Most Important Thing 14:50 I Will Work For As Long As I Can 16:18 Freedom From Modern Day Slavery 18:40 Getting Out Of The UK 19:05 If you booze it all away you wont make it 21:00 Working Smarter Not Harder 22:00 Being An Alcoholic In Thailand
What you said about the UK is exactly the same in Germany. I currently sell all my stuff in the apartment and will leave in about 2 months. The hardest part is to overcome the emotional barrier. You leave friends and family behind. On the other hand I constantly have to remind myself that I have goals and I can't achieve them here, because this country really hates it's own citizens. I should consider changing my name, because I'm not in the limbo anymore. I'm in the state of doing.
thats' the truth for me too. For me it's my son and personal belongings. My son doesn't want to go however I think he will eventually once he realizes he isn't getting anywhere. He's just starting out his career. I've accumulated so much stuff I need to sort through. Some of it is from my grandparents they have handed me. Perhaps I can put it in storage and then eventually move it when I settle.
Appreciate the thoughts. I passed the 60 mark awhile ago and one thing I've become acutely aware of is the importance of health and exercise, starting as early as possible. It's just like putting money in the bank.....a little pain when you're young has huge dividends later. I started running in my early 30's and also began focusing on diet and lifestyle changes to ensure good health. So, I'm as physically capable now as I was decades ago, and avoid medical bills associated with health issues. I have friends my age who are burdened financially, physically and mentally, to varying degrees, because they never prioritized diet and exercise. We're living longer and longer, but not necessarily living fully in the last decades, and that's a crime.
Been living in Thailand now for 6 months just a hour from khon kaen and its just great I get my pension and we save half and live on the rest it's works will not go back to UK only to visit family and friends for a couple of weeks in the summer love it here and my wife who is thai can be with her family to
I escaped from the employment ratrace in 1997. I bought a cheap house outright in northern Scotland and set up a sole trader business, repairing washing machines and other appliances. I made a living, not a good living but there is more to life than money. I got used to living on a shoestring and still do but I'm now living in Croatia.
I've self insured since I moved here full time in 2017. I spend less than 10k baht on an annual medical checkup, around 5k baht per year on doctor visits for small issues, usually skin rashes I pick up when running in the jungle with my Hashing friends. I had a minor surgery once which for 2 nights in the hospital cost 100k baht. Every 3 years I undergo a colonoscopy screening for 25k baht. I'm 75 so nobody will insure me. My dental costs are generally less than 10k per year
Really enjoyed your thoughts! It makes absolute sense to me. my husband and I both new zealanders and middle aged, are hanging to make the move and travel freely around asia. Just waiting for our teenagers to settle themselves! It sounds like NZ is similar to UK Just slogging away paying huge amounts in food, petrol insurances etc! Never really getting ahead! Good on you! You have a lovely family by the way 😊
Moved here from NZ 3 months ago. My rent in a good sized apartment in Hua Hin is NZ $750 per month; last months utility bill was $13 for power and $6 for water; free Wi-Fi at the condo; have an e-bike so transport costs virtually nil; eat and drink really well on $20-30 per day. Laughed when I looked at a power bill I had in Queenstown last winter - $800 for 1 month!
You absolutely correct, i have worked and lived in different countries and for sure thailland is the best place to live. certainly UK is gone and Europe is in shamble for different reason but at the end is where you feel confortable. You mentioned Dubai and one thing I advise is to stay away from plastic city with fake identity.
Love your essence. Sober myself for many years the promises I read over and over in fellowship of AA came true. Fear of economic insecurity will leave you- if I continue to work for it -and for me that doesn’t mean in the rat race. God uses my mind to serve it and its will and in return provisions miraculously arise. Living simply, being true to self, the true intelligence is my compass and thus why I return to watch you as the principles of recovery seem apparent in much of your messaging. Praying you and your family and community prosper and thrive in ways which are meaningful to you🙏🏻
The self-insure brigade is all well and good for relatively small problems and operations. But if you need a spell in ICU or need intensive treatment for cancer, heart surgery etc then a few million baht in a self insurance fund will be no where near enough
aged 62 im in the unfortunate situation of having to start from scratch, zero assets, zero superannuation, zero anything. lived in thailand in my early 30,s school teacher business in ko samui_ had the baywatch life. i lost it all because i had it all🎉 im young at heart and haven't written the book because the story is just beginning . getting cosmetic surgery in bangkok in june by the best surgeon. i believe that you can turn back time if you have the mindset and belief in yourself. great videos so happy for you.
My Thai wife has all of our kids cloths from day 1, and the pictures they drew over the years, etc. its in a storage unit thats 10x20 and packed. She keeps everything.
Excellent video. I find your views and opinions a lot more nuanced and genuine (seems to be a lot of 'fake' UK to Thailand youtubers at the moment). I'm flying out to Thailand for a month later this year to test the waters. I practice both learning Thai and programming daily. If it 'clicks' after spending a month there I'll spend the next year reducing my life down to a back pack and get my affairs in order and I'll start earning remotely before making the big move!
I’ve been in Hua Hin for 2 months now and for the last week or so I’ve had chest pains that have been getting progressively worse. So yesterday I went to the Bangkok hospital in Hua Hin to get it checked out and spent the whole day having tests (blood tests, X-rays, ECG and sputum tests) Turned out I have a bacterial lung infection. I was given 4 different medications including 2 types of antibiotics. Total spend was 16,000 baht. I’m 67 so insurance is not realistic for me and I figure if I get something major and can still travel I will go back to the UK, if I can’t travel I will use the money in the bank and see where that leaves me.
Yesterday I went to Bangkok hospital Trat 3850 baht for a full health check blood checks for everything Chest xray abdominal ultrasound heart check stool cancer check and many others
@peterward9755 did that cost include PSA test, blood sugar (fasting) blood sugar (90 day average) ? What actual blood tests did it include?? $111 usually is a basic package test, problem with it, is that it purposely leaves out test that actually need to be done, given someones age and gender, and these extra tests, outside the basic package, they usually nail you for, meaning charge outrageous price, to make up for the cheaper basic test
U need to stay away from that store, as it won't help to declutter at home. Visit recycle shops instead, and get ideas of getting rid of the unused surplus at home
Great video. Very informative. I visit Thailand on a regular basis. Normally twice a year. I struggle here in the UK and find myself to be lured down a path of quietest misanthropy. In Thailand however i feel like a ragged trousered philanthropist. Happy new year to you and your family and thank you.
One thing I learned today that will apply to the older viewers. If you retire in Thailand, your UK State Pension will be frozen i.e. it won't increase every year like everyone else. This is outrageous given that most pensioners will have paid into the system for 40+ years.
The way round it is to spend 6 months in a reciprocal agreement country, the nearest to Thailand is the Philippines. So move to Thailand and it's frozen, if it goes up significantly then take a 6 month holiday in Philippines containing DWP when you go because they have to pay it at latest rate if your in reciprocal country, stay I think it's 182 days and they then have to pay it at that rate when you get back to Thailand, they will re freeze it at the new amount but they can't put it back to what it was before you went.
I'm too old to get insurance. I do have some savings that I hope will help with some emergencies, but at my age (79) you learn that your time maybe near (which is true at any age, you just don't think it can happen to you). I have had two operations here in Thailand at the government hospital. Had my gallbladder pulled and a retina detachment stitched back on. The cost for each was less than 25,000 ($720 US) baht. The private hospitals here can cost 10 times that. My Thai wife developed goiter, I took her to a private hospital in Khon Kaen to have her thyroid removed. Two room private room, 3 meals a day, TV etc. for 3 days, total cost including the operation 90,000baht ($2600 US). As is the custom here, I stayed in the room with her (They didn't feed me).
Health insurance for foreigners in Thailand pretty much sucks. Exclusions galore, doctors lackadaisical attitude towards treatment of foreigners, lack of needed specialists. Lousy or no prescription coverage by insurance. No access to certain medications in the entire country. If you have any complicated or serious medical issues, it will be difficult to get a doctor to be serious about really investigating your condition(s). I had to leave Thailand because my medical issues just outgrew their doctors ability and/or interest in treating what I have and I have real basic health issues, nothing rare or exotic.
I’ve done exactly what you’ve said. I got out of the corporate system in Canada. I’ve rented my condo out in Canada. That income plus online work keeps me going. I can work as much or as little as I want. It cost me $6000 a month in Canada after tax to live. In Thailand my budget is $1200 a month. I have a brand new furnished condo in Bkk in a Thai area. Life’s amazing no contracts
All very true and spot on. i was a miner for 14 years got divorced and moved to Spain where I was very happy,Arthritis pain was much less in the sun,but the pain killers ruined my kidneys and I had to return for dialysis and eventually an new kidney. but the Arthritis is still here so I go as often to the sun for the winter living frugally. Thailand last year Eygpt before Christmas and Vietnam from febuary for a couple of months this year.The health care and cost of travel insurance keep me from coming to thailand permantly and my partner is ok for a month at a time but not longer trips.when I go away I have less pain take fewer medicines and drink less as I mainly drink to suppress the pain.Another blogger does not get a insurance but pays around £200 for a full medical every year and endeavours to keep fit and healthy. As a Yorkshire man I can live on very little and know your life would suit me. being pain free is a big bonus. Love your blog and lifestyle.as an old un 62, I say enjoy your kids as you do and keep on doing what your doing you have a great take on life, Dave
its having the bottle to move as well especially when your getting older i spent a good bit of time in thailand 20 years ago now i'm getting near 60 and have a had and survived a serious illness its the health side thats a worry, i think a few months in winter is the way to go in my case.
@@smileoften-ft3hq I enjoy my life in Europe have great free medical care, low rent no money problems and being retired I can travel whenever I want, I am about to spend a month in Portugal, just to get away from the cold weather and play some golf. Thailand? Na not for me.
You raise a number of thought provoking points in this video. Quality of life in Thailand, and in some other parts of Southeast Asia is much higher than in the UK, if you have a passive income. One UK pound, one Euro, one Dollar, and one Swiss Franc all go much further in Thailand than they do in the issuing country.
+1 SUB i live in the UK but plan to move away, so far learning how i could achieve that, and how taxes / visa / owning property / opening a business or simply having long residency work.
Public hearth care is not perfect in Thailand, but it gets the job done of healing you and cost is very reasonable. I spent a week in the hospital last year for an infection I got from swimming in dirty water. A week in the hospital cost me a little over 300 usd.
G'day Ryan, good advice about self funding health and retirement in Thailand mate. I didn't know foreigners could pay into social security over there. My wife and I were about to sell everything and retire in Thailand last year until my youngest became pregnant. Now we're stuck here for a few years at least because her and her boyfriend live with us and can't afford to buy or even pay rent in the current property market here in Australia. We've had a thai restaurant for over 17 years and recently with the cost of living we feel like we're going backwards. A few years ago we could afford a thai holiday annually but the profit margins have steadily gone down to the point where it's almost not worth having a business anymore. Here in Australia more than 26 thousand small businesses have closed the doors in 2024 due to rising costs and smaller profit margins, and most of those had been operating for more than a decade. I feel like lm suffocating and just working to pay taxes and insurance 😢
Mate, really honest and open vlog.. I'm a fair bit older than you but, I totally agree fella.. it's a state of mind.. I'm afraid alot of people have different priorities.. freedom is relative really.. well done.
Good thinking. It’s best to have a long term plan for old age. As for investments always review what you’re invested in on a regular basis and have your stops in place should a single company get into difficulty.
I think u are doing the right thing I put in 3 mil thb in a bank that as in 2005 and now I am 72 stil have not used it if I get sick and sendt to hospital my wife can pay my hospital bill from that account I live by the sea but 2 hours from bangkok hospital in huahin then I do not need inshurance and I can go to europe and back here when I want not only 180 days thats freedom man bitcoin and Tesla is not bad at all I think u will be a rich old man
Definitely gives me some things to think about, especially with what you mentioned about taking 4% out of investments every year as a living fund and what not. Hoping the cost of living doesn't increase too much in rural Thailand so I can get to it before 40 lol.
I'm chasing the escape right now in Thailand! Your videos helped inspire me to come check it out! Now I'm thinking of staying when I come back on my next return... Thailand has been a better quality of life than I had in the US. Would love to make it sustainable soon! Cheers!
"Modern day slavery" you're right there brother. 7 more months and I will be free once more. I am surprised every flight out of UK isn't fully booked, the ways things are right now.
Need to remember that 'Woke' Covert Narcissists and Flying Monkeys are Censored from everything...by their Corporate Masters. Even showing a 'Woke' Leftie the racism stats (opposite to the narrative as always)...will trigger the Ego, and Deflection. Woke Narcissists WANT the 'Narcissist Fantasy World'. Hence they need Reality censored. All 'Woke' Nazis are moving to Bluesky, for this reason. We can really see why the Left created most of the Main Genocides nowadays. No wonder the living victims at the Killing Fields hate Guardian readers.
My wife is Thai, we live in the USA, plan to move to Thailand in a few years. I'm 69. Looking forward tp 15-20 years there. As long as I have my health, my wifi, my saxophone and flute and a stash of good weed, I'm all set. Her family is fairly well off and other than some money to her mom nobody wants a thing from me and treat me well.
From what I’ve seen, it’s mostly pensioners leaving to retire in South East Asia and younger South East Asians, leaving to try their luck in Europe and the States. Same with warmer and cheaper climes like Spain.
And many local women try to marry Westerners to make themselves, their families, and their children live a better life. Maybe this is why single Western men are so popular.
Comparing Southeast Asian countries to the West, the government and police are extremely corrupt, and rents and prices are difficult for local workers to afford, and there is a lack of welfare protection similar to that in the West.
Insurance is Tough here, I was paying 44,000 per year and they rejected my first 2 ever tiny claims. So reluctantly I just canceled it. I payed 120,000 for one minor surgery in the past 7 years and saved money like that....
i lived in thailand for 6 months, mainly in pattaya, then moved to udon thani, which i like, but bored, been alone wanted to start a business, but was hard as I didn't know who to speak with & start, not looking for a bar, maybe in real estate
You covered a lot ... I am from Canada where most medical hospital is free and safety nets if you are poor for medical and rent, free gym, etc Doing a budget where I own my home and live a thai lifestyle in Canada the cost is not that much different and Thailand presents risk. I am also free to volunteer and do any work I want to keep busy and not deal with visas. Part of my life was Japan and a room with only a tatami mat you rolled up and put in the closet in the morning, was Zen and Dogen then so ( now primarily Theravada) I would say I learned mostly to buy only what I need. ( you got a lot of shit 😅 on your farm). So at 71 it is a tough call of Canada or thailand better ... of course there is a lot of other factors and if you marry a thai well that's how that cookie will bake 😊 Take care 🌸🙏
When I looked at health insurance, 2019, come to the conclusion that a moderate Thai health insurance and an amount into a savings account. Visits to the hospital for minor issues out of spending money. Broker said he should not sell me the policy as I may not meet the T&Cs to be in Thailand more than 6 months out of 12.
Xpat here, I'm doing great living well on what would be an otherwise homeless situation. For example my car insurance is $60 a year! My previous bill was $800 . My advice, exercise your opinions. Not perfect but here but the absence of stress makes up for the short comings.
Sound plan.. Really hope you do well. The biggest fear that I have is inactivity,, my wife won't let me do anything. I have to sneak off to get things done. 😊😊😊😊. UK pensions are frozen on the day you draw them, so keep up with your BTC for added income.
Yes the accumulation of junk is never ending,I believe self insurance is better,I had a postrate operation in Burriam hospital less than a quarter of the price they were asking in the big hospital's. And I'm 76 and still going strong 😅.
I´ve been studying and watching tons of content from different youtubers for months, all related with life in Thailand, Vietnam, Malaysia, Laos and so on, and I truly believe on the idea of the reinvention, that fascinating and challenging process of testing yourself out of the comfort zone. Your personal history and example is truly inspiring, and I have to ask you about your thoughts on becoming an expat at the age of 50. Am I late to give it a try? btw, I´m from Southamerica (Chile) and I´m not looking for a fancy life style. In fact, I`m on the search of the right place to enjoy a simple life without the stress and conflicts of consumism and modern city demands. What do you think?
I feel like I lucked out and played my cards right. I was at the crossroads early on as a computer engineer... Go work in silicon valley where the Internet was starting or go to govt work. I chose govt and it's safety. I'm now retired and my medical, dental and vision costs my 70.00 USDA month for life. Includes my Thai wife and and Thai daughter for another 4 years. We don't plan on staying full time in Thailand but 5 to 7 months a year. Wife likes to work 👍
Great walk and talk Ryan, self sufficiency is a very worthwhile endeavour and you are doing very well IMO. My father grew up in the great depression of the 30's and never threw anything out it seemed haha.. Health insurance...turned 66 and rates for 5 million baht went up 35% to 72k baht for my new age bracket. Seems too much, yet i do not pay rent, so for many expats that would be around 3 months rent.. Peace and Love Y'all
Top quality health insurance should be your absolute priority. Nothing is more important than your health. Never cancel your health insurance because it gets too expensive, get your finger out and earn more money. Always increase your income to support your lifestyle, never settle for a lesser lifestyle to match your lesser income. As for the UK “system” it’s still relatively easy to be successful. But if you want to get home after your 8 hours, watch tv and drink beer, you’ll never succeed and will then pretend to be a victim if the “system”
Hi Ryan, based on your overall cost, I calculate it at 20.8 years at the current rate. Not 250 years before you get your money back. Thats if the efficiency of the system is maintained. However, the system s efficacy will have deteriorated a great deal after 20 years anyway. So not much gain overall.
A mate of mine bought a 40 grand + car I built a 37grand house in rural Thailand When I was ready to move over here he told me how lucky I was My car cost £2500 and it got me to work whilst I needed it
You seem pretty well sorted for your age Ryan. The farm, cottage, wife and kids and your businesses. Q. Are the 6 big green boxes for Damals single shoe collection?
Enjoyed this one, and was interested in what you had to say about insurance, investments, etc. I'm already 67 and have a moderately decent health insurance policy, but unsure about continuing after a certain point, a number I am still trying to come up with. As for investments, your plans sound good, for someone your age., For me, sounds good except for bitcoin, as its too volatile for an old geezer such as myself. Its also environmentally unsustainable. As you say, you are still young, so why not have a dabble with various high risk/high gain investments while you have the luxury of time to recover if things go south. All the best...
Live for the day but plan for the future. Early in my working career superannuation was introduced to counteract the chronically low national savings but for it to work it needs to be combined with home ownership. Much harder now with house prices going through the roof. Really interesting hearing your strategy, it’s well thought out and flexible. I’m sure you’ll be successful. Retirement is the best time of life if you have health. Health is wealth 👍
Great video! I have a similar plan for retirement, DCAing crypto gold/silver and going to try and set up my own business. I have left the UK and staying with family in Austalia, but will be making the leap to Asia soon!
If you lived from a backpack while young you can probably do it when old. If you have always been a cog in the machine it is hard to change young or old.
A challenge with "self insuring is you lose the "ticket to entry". If you have a crisis at 1 am on a Sunday and require hospital admission youll need a rather hefty deposit which may or may not be readily available. Many medical centers will actually withold treatment of a foreigner without confirmed insurance or a sizeable deposit up front. Having said that the "fine print" of many policies seem to not cover most catastrophic illnesses anyway. But if you can produce a valid insurance card you get admitted pretty much without issue. And unfortunately,,,, in many cases it simply cost money to die! 😬
Does the 20k/yr health insurance you mention cover the family, or just yourself? If just for yourself, do you think you need insurance for a Thai spouse/child, or is it not necessary since I assume they are covered under the public system?
Compared with the West, Southeast Asian countries have extremely corrupt police forces, and rents and prices are difficult for local workers to afford, and they lack protections similar to those in the West.
Good video.. Most people know that solar is never meant to save you any money but is meant to give a sense of security and independence when the grid itself fails. Good video though overall
A massive amount of people are leaving the UK... We have been out of the UK for 35 years 😊. All very good, Naked... It's true: get free from the system in the UK. We are in Northern Luzon in the mountains... love it. I'll post again about the insurance thing... X
i just stumbled on your page, i cant even express how helpful its been, thank you so much, really considering a change in my life, moving to Thailand seems like a real possibility if i rent a condo here in Toronto for 2500 Can even air bnb, i could live pretty comfortably as long i don't indulge, but my one problem and huge reason I'm leaving my country is i have an injury which makes it really hard to live here in winters and weather half the year I'm in so much pain.. not sure Thailand would be better, but cant be much worse here in the winter and fall.. but that being said, i'm worried that i might get fleeced for insurance, be nice to know if there are other people with health issues living in Thailand and their experiences..
Your greatest defense against developing diseases in life is diet and exercise….cut carbs, sugar, seed oils, alcohol from your diet, eat meat, eggs, fish, low carb vegetables and berries. Eat fermented food for a healthy gut biome which has great impact on your brain health. My father died of Dementia, my mother is dying from Alzheimer’s and my older brother and sister are struggling with cognitive issues and I was diagnosed with a degenerative brain disease at 53. Changing my diet and exercise has made a huge difference.. My mother’s memory care facility in the US is $8,889 per month. Fortunately, she and my dad took out long-term care insurance which cover’s $6,000/month and pension income covers the rest. I was denied long-term care so I’ve identified a top tier long-term care facility in Chiang Mai that blows away any facility in the US for 1/3rd the cost should I need it.
Get your sleep, cut out lager, and also maybe try Mint herb leaves boiled for a few seconds and then chewed for a minute as a mouth wash to see if they improve anything? Also, Farm Fresh Yoghurt in Malaysia contains 4 anti inflammatory probiotics which I found to be unusually powerful.
@@clivebaxter6354 Yes…it’s a trade-off. I cared for my father for two years and cared for my mother from 2015-2022 until she walked out of the house at 2:00a and realized her needs were beyond my ability. I’ve chosen no alcohol in hopes my lifestyle will keep me from becoming a speechless invalid. I’ve experienced first hand how hard it is on family to care for parents with Alzheimer’s. I would never wish this on my children. Since I can’t get long-term care, I don’t want to wipe out the inheritance for my children and grandchildren.
Good too hear your perspective on this Ryan. In thai culture i guess the young take care of the old that's the custom because most thai people wont have or cant afford health insurance. The kids normally take care of the ageing parents. As far as being a Farang in Thailand then yes you would be better off with some kind of health insurance as its likely you won't have the comfort of having kids there to care for you. Your view of the UK is spot on and only getting worse. You should be very thankful you made the break when you did. Im currently living in Australia, emigrated from the UK 34yrs ago but now I'm at that point where I am thinking about retirement and where I want too retire. Australia is an expensive place to live these days so there's lots of us looking at places like Thailand and Bali as retirement spots. Thanks for sharing Ryan 👍
00:50 no way man! my in laws do the same and I think the wife too sometimes, they had nothing so they have to fill their houses for comfort. On the other hand I'm a minimalist
Hi Ryan i recently retired from New YorK to Prachuap Khiri Khan. i bought a hat same as yours! 😆. you are an intelligent and ambitious young man. a suggestion from an old man : diversify your investments, dont just hold Tesla and Bitcoin. maybe some US total market or S&P 500 funds? then you own a lot of companies and get dividends in your old age you dont have to sell your shares. Regards!
Loving the channel. As Steve says, investing solely in Tesla and bitcoin really is putting all your eggs in one basket. It's more gambling than investing. Recency bias dictates that people invest in things that have done well in the past decade. These rarely, if never, are the best performers in the future decades.. As Steve says, diversification is the key and investing in a global index fund or just the sp500 keeps your money a lot safer. TH-cam has some great content creators in the pension and investment field. Good luck
Cheers Willie, that really depends on my original entry point into both assets and my cost basis, also the use of options over the years which has protected the down side. Bitcoin and Tesla make up 100% of my "retirement fund" but i have other funds and investments, ive talked alot on precious metals on this channel. But out of all of the the biggest returns have been with BTC. Tesla & Bitcoin gave a 775% and 1,215% yield respectively over the past 5 years compared to the snp 82% non adjusted for inflation. 34,330% & 2,696% vs 189% over the past 10. I’ve had nothing to complain about 🙏
@@thenakedguru Ryan, I too am mostly invested in Tesla for the past 5 years. If you can comprehend & appreciate the growth opportunities of Tesla, then it’s actually not smart to keep your money in index funds where half of the companies are below average. If you are only looking for average returns then index funds are for you. I have been retired in Thailand for three years and live near Rayong. I do enjoy following this channel.
@thenakedguru absolutely, hopefully you got in early and you've done very well so far. We're in the longest bull market in history. It's got to break at some point. Bitcoins drop may well mirror it's meteoric rise but you're young and will be in the accumulation phase for a while to come so just hold your nerve and never sell. Teslas current valuation looks pretty expensive if you look at car sales alone. They're not looking likely to meet the shareholders expectations. But, and it's a big but ...if they get self driving off the ground and manage to implement it and sell it to other manufacturers the share price will go through the roof. It's an exciting journey. Best of luck
I'd like to learn more about setting up a company here and doing my own work permit. I did that here in china where I'm living now, but I've been thinking to pull the plug and move to Thailand.
hi mate, its quite a tricky process that honestly i couldnt do without my marriage visa unless my business was much bigger - plenty of other options in thailand though, DTV visa perhaps
Spot on with the hoarding, mrs collects boxes, plastic pots, bags, jam jars etc. I hide them and if not mentioned throw out, it's all useless junk. Over 70 health insurance is not worth the outlay
because tesla and bitcoin would have given you a 775% and 1,215% yield over the past 5 years compared to the snp 82% non adjusted for inflation. 34,330% & 2,696% vs 189% over the past 10.
3 วันที่ผ่านมา
I agree, Tesla and Bitcoin are not good Long term investments.
Based on what statistics, Bitcoin has been the best performing asset for the past 10 years which is pretty long term. Not one person has lost money on BTC unless they sold it.
Brother, I did the battery backup Grid Tie solar thing, and when the Thai Government blocked my ability to Grid Feed It became useless, I can sell you 32x.320 watt Panels for Half price if you want, They are 3 years old. They are about 4 hours from Tak now
Just a note to my earlier comment. If a person has no money and no sensible plan for possible medical issues, then an insurance policy may be advisable. Health insurance for 1 million cover is roughly £25,000. There is no correct way to address the Health care question; however, if a person has no plan, no money in the bank for emergencies... may not be a clever idea. Just think it through....
We are working through the getting old thing. It also involves where do you die if of a debilitating condition? Just keep your UK passport and die in the UK. You are at the when I have health issues stage. At my age (over 60) the conversation changes. At some point you don't matter and your wife and children come first. It is not an easy conversation but realistically it has to be part of your geographical and financial planning.
I'm in the process of planning my"blastoff". For my wife and myself, it's not a problem to pick up and move. The problem, believe it or not, is we have 3 dogs who are like family to us. If I can find a full proof way to get my dogs to Thailand, without spending a year's pay to get it done, I would sell the house and move tomorrow. Any thoughts?
I’m happy here as said before , but like many , I’m a bit concerned if I become badly ill , I’m nearly 61, healthy to date , have savings & health insurance cover , and yes the worry is as you get older , undoubtedly the insurance premiums rise until they could become prohibitive..ok for those who have millions of baht saved to call on ..
I forgot to mention that part of the long term plan is love life- maybe a separate vlog to regurgitate the same old platitudes again for those that didn’t hear in the back. I’ve got a lot of long timers subscribed to this channel- please drop your advice below - offers for you also below 👇
👉 OUR LAZADA SHOP For Honey, Cacao, Super Greens Powder, Ginger Extract Celtic Salt & Lots More! Here: shorturl.at/Q863r
🍄 MUSHROOMS:
Get Discounted Fruiting Body Mushroom Supplements
Thailand & Worldwide Shipping: bit.ly/3Vu8Hp3
👉 SURFSHARK VPN: Go to surfshark.com/nakedguru for 4 extra months of Surfshark VPN free!
CHAPTERS
00:00 Intro - Accumulation Of Junk On The Farm
00:28 Hoarding In Thailand
02:39 Our Main Projects Are Finished
03:40 Solar In Thailand - It Was Not Worth It For Us - But It Could Be
06:06 Insurance In Thailand - What I Do But Its Not For Everyone?
07:30 Self Insuring In Thailand
08:07 Social Security System
09:29 You Can Keep It Until You Die
10:51 Beware Insurance Scams
13:50 Preparing For Retirement - Most Important Thing
14:50 I Will Work For As Long As I Can
16:18 Freedom From Modern Day Slavery
18:40 Getting Out Of The UK
19:05 If you booze it all away you wont make it
21:00 Working Smarter Not Harder
22:00 Being An Alcoholic In Thailand
What you said about the UK is exactly the same in Germany. I currently sell all my stuff in the apartment and will leave in about 2 months. The hardest part is to overcome the emotional barrier. You leave friends and family behind. On the other hand I constantly have to remind myself that I have goals and I can't achieve them here, because this country really hates it's own citizens.
I should consider changing my name, because I'm not in the limbo anymore. I'm in the state of doing.
You are doing the right thing ✊👍🙏
thats' the truth for me too. For me it's my son and personal belongings. My son doesn't want to go however I think he will eventually once he realizes he isn't getting anywhere. He's just starting out his career. I've accumulated so much stuff I need to sort through. Some of it is from my grandparents they have handed me. Perhaps I can put it in storage and then eventually move it when I settle.
Same situation here. Sold all my stuff and catching my Flight to Bangkok next week.
Good luck, mate 🙏 ...und liebe Grüße aus dem Westen Deutschlands👋
@@MagGi41 Gruß zurück aus dem Westen Deutschlands 😁 Flug geht Ende Februar auch nach Bangkok.
You can't just relocate to Thailand - there is a minefield of visas to navigate through. You're always just a foreigner.
Appreciate the thoughts. I passed the 60 mark awhile ago and one thing I've become acutely aware of is the importance of health and exercise, starting as early as possible. It's just like putting money in the bank.....a little pain when you're young has huge dividends later. I started running in my early 30's and also began focusing on diet and lifestyle changes to ensure good health. So, I'm as physically capable now as I was decades ago, and avoid medical bills associated with health issues. I have friends my age who are burdened financially, physically and mentally, to varying degrees, because they never prioritized diet and exercise. We're living longer and longer, but not necessarily living fully in the last decades, and that's a crime.
Believe me! When you hit 60 you still will not think you are old.
i agree 60 is not old, though it is the date i start to get old :)
I'm 60 and I'm still feeling young. Xx
62 is oldish
Feeling old is directly related to the difference between what you want to do and what you're able to do.
@@Trezker This is true but what may also be true: getting old is associated with not wanting to do things like intense dating.
Been living in Thailand now for 6 months just a hour from khon kaen and its just great I get my pension and we save half and live on the rest it's works will not go back to UK only to visit family and friends for a couple of weeks in the summer love it here and my wife who is thai can be with her family to
Cool! I'm originally from the U.K. and we also live 1 hour from Khon Kaen.
Don't forget, state pension is frozen after you leave the UK to live full time in Thailand
@ScoreGuru123I'm currently 56 years old. Who knows what the pension or pension age will be in the future. It could be 70. 😄
I escaped from the employment ratrace in 1997. I bought a cheap house outright in northern Scotland and set up a sole trader business, repairing washing machines and other appliances. I made a living, not a good living but there is more to life than money. I got used to living on a shoestring and still do but I'm now living in Croatia.
I've self insured since I moved here full time in 2017. I spend less than 10k baht on an annual medical checkup, around 5k baht per year on doctor visits for small issues, usually skin rashes I pick up when running in the jungle with my Hashing friends. I had a minor surgery once which for 2 nights in the hospital cost 100k baht. Every 3 years I undergo a colonoscopy screening for 25k baht. I'm 75 so nobody will insure me. My dental costs are generally less than 10k per year
where do you get the colonoscopy? I'm about due one
@clivebaxter6354 I go to Chiangmai Ram in Chiangmai
Really enjoyed your thoughts! It makes absolute sense to me. my husband and I both new zealanders and middle aged, are hanging to make the move and travel freely around asia. Just waiting for our teenagers to settle themselves! It sounds like NZ is similar to UK Just slogging away paying huge amounts in food, petrol insurances etc! Never really getting ahead! Good on you! You have a lovely family by the way 😊
Thank you 🙏
Moved here from NZ 3 months ago. My rent in a good sized apartment in Hua Hin is NZ $750 per month; last months utility bill was $13 for power and $6 for water; free Wi-Fi at the condo; have an e-bike so transport costs virtually nil; eat and drink really well on $20-30 per day. Laughed when I looked at a power bill I had in Queenstown last winter - $800 for 1 month!
You absolutely correct, i have worked and lived in different countries and for sure thailland is the best place to live. certainly UK is gone and Europe is in shamble for different reason but at the end is where you feel confortable. You mentioned Dubai and one thing I advise is to stay away from plastic city with fake identity.
Love your essence. Sober myself for many years the promises I read over and over in fellowship of AA came true. Fear of economic insecurity will leave you- if I continue to work for it -and for me that doesn’t mean in the rat race. God uses my mind to serve it and its will and in return provisions miraculously arise. Living simply, being true to self, the true intelligence is my compass and thus why I return to watch you as the principles of recovery seem apparent in much of your messaging. Praying you and your family and community prosper and thrive in ways which are meaningful to you🙏🏻
Thank you for your kind comment
The self-insure brigade is all well and good for relatively small problems and operations. But if you need a spell in ICU or need intensive treatment for cancer, heart surgery etc then a few million baht in a self insurance fund will be no where near enough
Fantastic chat. You have such a wise head at your age, Ryan. Cheers, mate!
I agree.
aged 62 im in the unfortunate situation of having to start from scratch, zero assets, zero superannuation, zero anything. lived in thailand in my early 30,s school teacher business in ko samui_ had the baywatch life. i lost it all because i had it all🎉 im young at heart and haven't written the book because the story is just beginning . getting cosmetic surgery in bangkok in june by the best surgeon. i believe that you can turn back time if you have the mindset and belief in yourself. great videos so happy for you.
My Thai wife has all of our kids cloths from day 1, and the pictures they drew over the years, etc. its in a storage unit thats 10x20 and packed. She keeps everything.
Excellent video. I find your views and opinions a lot more nuanced and genuine (seems to be a lot of 'fake' UK to Thailand youtubers at the moment). I'm flying out to Thailand for a month later this year to test the waters. I practice both learning Thai and programming daily. If it 'clicks' after spending a month there I'll spend the next year reducing my life down to a back pack and get my affairs in order and I'll start earning remotely before making the big move!
I’ve been in Hua Hin for 2 months now and for the last week or so I’ve had chest pains that have been getting progressively worse. So yesterday I went to the Bangkok hospital in Hua Hin to get it checked out and spent the whole day having tests (blood tests, X-rays, ECG and sputum tests) Turned out I have a bacterial lung infection. I was given 4 different medications including 2 types of antibiotics. Total spend was 16,000 baht. I’m 67 so insurance is not realistic for me and I figure if I get something major and can still travel I will go back to the UK, if I can’t travel I will use the money in the bank and see where that leaves me.
10x cheaper than what the insurance would have cost you no doubt
Yesterday I went to Bangkok hospital Trat 3850 baht for a full health check blood checks for everything Chest xray abdominal ultrasound heart check stool cancer check and many others
@peterward9755 did that cost include PSA test, blood sugar (fasting) blood sugar (90 day average) ?
What actual blood tests did it include??
$111 usually is a basic package test, problem with it, is that it purposely leaves out test that actually need to be done, given someones age and gender, and these extra tests, outside the basic package, they usually nail you for, meaning charge outrageous price, to make up for the cheaper basic test
U need to stay away from that store, as it won't help to declutter at home.
Visit recycle shops instead, and get ideas of getting rid of the unused surplus at home
Great video. Very informative. I visit Thailand on a regular basis. Normally twice a year. I struggle here in the UK and find myself to be lured down a path of quietest misanthropy. In Thailand however i feel like a ragged trousered philanthropist. Happy new year to you and your family and thank you.
One thing I learned today that will apply to the older viewers. If you retire in Thailand, your UK State Pension will be frozen i.e. it won't increase every year like everyone else. This is outrageous given that most pensioners will have paid into the system for 40+ years.
The way round it is to spend 6 months in a reciprocal agreement country, the nearest to Thailand is the Philippines. So move to Thailand and it's frozen, if it goes up significantly then take a 6 month holiday in Philippines containing DWP when you go because they have to pay it at latest rate if your in reciprocal country, stay I think it's 182 days and they then have to pay it at that rate when you get back to Thailand, they will re freeze it at the new amount but they can't put it back to what it was before you went.
It is the same for me in Spain.
@@SteveSmith-sv4sh Thats strange, my pension goes up each year it follows the cost of living rate.
@@SteveSmith-sv4sh It shouldn't. Spain is in the EEA.
@@SteveSmith-sv4sh Spain is in the EEA, so it should not be frozen. Check with HMRC.
I'm too old to get insurance. I do have some savings that I hope will help with some emergencies, but at my age (79) you learn that your time maybe near (which is true at any age, you just don't think it can happen to you). I have had two operations here in Thailand at the government hospital. Had my gallbladder pulled and a retina detachment stitched back on. The cost for each was less than 25,000 ($720 US) baht. The private hospitals here can cost 10 times that. My Thai wife developed goiter, I took her to a private hospital in Khon Kaen to have her thyroid removed. Two room private room, 3 meals a day, TV etc. for 3 days, total cost including the operation 90,000baht ($2600 US). As is the custom here, I stayed in the room with her (They didn't feed me).
Thanks for sharing
Health insurance for foreigners in Thailand pretty much sucks. Exclusions galore, doctors lackadaisical attitude towards treatment of foreigners, lack of needed specialists. Lousy or no prescription coverage by insurance. No access to certain medications in the entire country. If you have any complicated or serious medical issues, it will be difficult to get a doctor to be serious about really investigating your condition(s).
I had to leave Thailand because my medical issues just outgrew their doctors ability and/or interest in treating what I have and I have real basic health issues, nothing rare or exotic.
Another great blog always look forward to them and I am glad you have made a very healthy life here for yourself and your family
I’ve done exactly what you’ve said. I got out of the corporate system in Canada. I’ve rented my condo out in Canada. That income plus online work keeps me going. I can work as much or as little as I want. It cost me $6000 a month in Canada after tax to live. In Thailand my budget is $1200 a month. I have a brand new furnished condo in Bkk in a Thai area. Life’s amazing no contracts
Congrats Curtis!
A very good Post, I Living before in a small Village on North Thailand with many Farms and my Friends has a lot of old Staff around the Houses.
All very true and spot on.
i was a miner for 14 years got divorced and moved to Spain where I was very happy,Arthritis pain was much less in the sun,but the pain killers ruined my kidneys and I had to return for dialysis and eventually an new kidney. but the Arthritis is still here so I go as often to the sun for the winter living frugally. Thailand last year Eygpt before Christmas and Vietnam from febuary for a couple of months this year.The health care and cost of travel insurance keep me from coming to thailand permantly and my partner is ok for a month at a time but not longer trips.when I go away I have less pain take fewer medicines and drink less as I mainly drink to suppress the pain.Another blogger does not get a insurance but pays around £200 for a full medical every year and endeavours to keep fit and healthy. As a Yorkshire man I can live on very little and know your life would suit me. being pain free is a big bonus. Love your blog and lifestyle.as an old un 62, I say enjoy your kids as you do and keep on doing what your doing you have a great take on life, Dave
I can relate to the Thai in-laws hoarding situation.
Me to my Thai wife hoards everything drive me nuts 555😎
My wife has become a hoarder. I have an appreciation now for Modern House lifestyle. If you can still see spots of floor space, you are a beginner.
its having the bottle to move as well especially when your getting older i spent a good bit of time in thailand 20 years ago now i'm getting near 60 and have a had and survived a serious illness its the health side thats a worry, i think a few months in winter is the way to go in my case.
At 71 I have many a similar thought
@@smileoften-ft3hq I enjoy my life in Europe have great free medical care, low rent no money problems and being retired I can travel whenever I want, I am about to spend a month in Portugal, just to get away from the cold weather and play some golf. Thailand? Na not for me.
Always enjoy your rants and perspectives
You raise a number of thought provoking points in this video. Quality of life in Thailand, and in some other parts of Southeast Asia is much higher than in the UK, if you have a passive income. One UK pound, one Euro, one Dollar, and one Swiss Franc all go much further in Thailand than they do in the issuing country.
Good video man, very informative. I plan to come and check out Thailand in the next couple of weeks would love to meet up with you for lunch.
+1 SUB i live in the UK but plan to move away, so far learning how i could achieve that, and how taxes / visa / owning property / opening a business or simply having long residency work.
welcome to the channel!
Thank You for your many words of wisdom 🙏🏻😎
Public hearth care is not perfect in Thailand, but it gets the job done of healing you and cost is very reasonable. I spent a week in the hospital last year for an infection I got from swimming in dirty water. A week in the hospital cost me a little over 300 usd.
Thanks for sharing Thomas, havent seen you in the comments for a while!
G'day Ryan, good advice about self funding health and retirement in Thailand mate. I didn't know foreigners could pay into social security over there. My wife and I were about to sell everything and retire in Thailand last year until my youngest became pregnant. Now we're stuck here for a few years at least because her and her boyfriend live with us and can't afford to buy or even pay rent in the current property market here in Australia.
We've had a thai restaurant for over 17 years and recently with the cost of living we feel like we're going backwards. A few years ago we could afford a thai holiday annually but the profit margins have steadily gone down to the point where it's almost not worth having a business anymore. Here in Australia more than 26 thousand small businesses have closed the doors in 2024 due to rising costs and smaller profit margins, and most of those had been operating for more than a decade.
I feel like lm suffocating and just working to pay taxes and insurance 😢
So true about Australia.
@@Phuket64 yeh it sucks mate, l love where l live on the Goldcoast but it's getting too busy and expensive to retire here ay.
Mate, really honest and open vlog.. I'm a fair bit older than you but, I totally agree fella.. it's a state of mind.. I'm afraid alot of people have different priorities.. freedom is relative really.. well done.
Fantastic video Ryan.
Good thinking. It’s best to have a long term plan for old age. As for investments always review what you’re invested in on a regular basis and have your stops in place should a single company get into difficulty.
15:24 I believe you have to always keep busy doing something to keep your mind active
Excellent rant Ryan!
Financial independence is the best thing you can have
atb
I think u are doing the right thing I put in 3 mil thb in a bank that as in 2005 and now I am 72 stil have not used it if I get sick and sendt to hospital my wife can pay my hospital bill from that account I live by the sea but 2 hours from bangkok hospital in huahin then I do not need inshurance and I can go to europe and back here when I want not only 180 days thats freedom man
bitcoin and Tesla is not bad at all I think u will be a rich old man
Good to know its worked out for you my friend
Great thoughts and information! Also very cute shadow!
Definitely gives me some things to think about, especially with what you mentioned about taking 4% out of investments every year as a living fund and what not. Hoping the cost of living doesn't increase too much in rural Thailand so I can get to it before 40 lol.
I'm chasing the escape right now in Thailand! Your videos helped inspire me to come check it out! Now I'm thinking of staying when I come back on my next return... Thailand has been a better quality of life than I had in the US. Would love to make it sustainable soon! Cheers!
Best of luck with it!
"Modern day slavery" you're right there brother. 7 more months and I will be free once more. I am surprised every flight out of UK isn't fully booked, the ways things are right now.
✊😎 rock on brother
Need to remember that 'Woke' Covert Narcissists and Flying Monkeys are Censored from everything...by their Corporate Masters.
Even showing a 'Woke' Leftie the racism stats (opposite to the narrative as always)...will trigger the Ego, and Deflection.
Woke Narcissists WANT the 'Narcissist Fantasy World'. Hence they need Reality censored.
All 'Woke' Nazis are moving to Bluesky, for this reason.
We can really see why the Left created most of the Main Genocides nowadays.
No wonder the living victims at the Killing Fields hate Guardian readers.
My wife is Thai, we live in the USA, plan to move to Thailand in a few years. I'm 69. Looking forward tp 15-20 years there. As long as I have my health, my wifi, my saxophone and flute and a stash of good weed, I'm all set. Her family is fairly well off and other than some money to her mom nobody wants a thing from me and treat me well.
From what I’ve seen, it’s mostly pensioners leaving to retire in South East Asia and younger South East Asians, leaving to try their luck in Europe and the States. Same with warmer and cheaper climes like Spain.
And many local women try to marry Westerners to make themselves, their families, and their children live a better life. Maybe this is why single Western men are so popular.
Comparing Southeast Asian countries to the West, the government and police are extremely corrupt, and rents and prices are difficult for local workers to afford, and there is a lack of welfare protection similar to that in the West.
Another great video Ryan❤
Insurance is Tough here, I was paying 44,000 per year and they rejected my first 2 ever tiny claims. So reluctantly I just canceled it.
I payed 120,000 for one minor surgery in the past 7 years and saved money like that....
i lived in thailand for 6 months, mainly in pattaya, then moved to udon thani, which i like, but bored, been alone wanted to start a business, but was hard as I didn't know who to speak with & start, not looking for a bar, maybe in real estate
My wife is from udon and I am afraid that I will get bored there too. We want to build a small house but i am hoping to have a co do in bkk too
valuable information in this video
You covered a lot ...
I am from Canada where most medical hospital is free and safety nets if you are poor for medical and rent, free gym, etc
Doing a budget where I own my home and live a thai lifestyle in Canada the cost is not that much different and Thailand presents risk. I am also free to volunteer and do any work I want to keep busy and not deal with visas.
Part of my life was Japan and a room with only a tatami mat you rolled up and put in the closet in the morning, was Zen and Dogen then so ( now primarily Theravada) I would say I learned mostly to buy only what I need. ( you got a lot of shit 😅 on your farm).
So at 71 it is a tough call of Canada or thailand better ... of course there is a lot of other factors and if you marry a thai well that's how that cookie will bake 😊
Take care 🌸🙏
When I looked at health insurance, 2019, come to the conclusion that a moderate Thai health insurance and an amount into a savings account. Visits to the hospital for minor issues out of spending money.
Broker said he should not sell me the policy as I may not meet the T&Cs to be in Thailand more than 6 months out of 12.
Great video with very helpful advice. Thanks.
Glad you enjoyed it!
Always interesting and informative and entertaining
Xpat here, I'm doing great living well on what would be an otherwise homeless situation. For example my car insurance is $60 a year! My previous bill was $800 . My advice, exercise your opinions. Not perfect but here but the absence of stress makes up for the short comings.
Congrats brother 👍🙏
Sound plan.. Really hope you do well. The biggest fear that I have is inactivity,, my wife won't let me do anything. I have to sneak off to get things done. 😊😊😊😊. UK pensions are frozen on the day you draw them, so keep up with your BTC for added income.
You are inspiring
Yes the accumulation of junk is never ending,I believe self insurance is better,I had a postrate operation in Burriam hospital less than a quarter of the price they were asking in the big hospital's.
And I'm 76 and still going strong 😅.
Stay strong, stay true, all good
I´ve been studying and watching tons of content from different youtubers for months, all related with life in Thailand, Vietnam, Malaysia, Laos and so on, and I truly believe on the idea of the reinvention, that fascinating and challenging process of testing yourself out of the comfort zone. Your personal history and example is truly inspiring, and I have to ask you about your thoughts on becoming an expat at the age of 50. Am I late to give it a try? btw, I´m from Southamerica (Chile) and I´m not looking for a fancy life style. In fact, I`m on the search of the right place to enjoy a simple life without the stress and conflicts of consumism and modern city demands. What do you think?
Now too late so long as you can fund it and are in decent shape, best of luck!
I feel like I lucked out and played my cards right. I was at the crossroads early on as a computer engineer...
Go work in silicon valley where the Internet was starting or go to govt work. I chose govt and it's safety. I'm now retired and my medical, dental and vision costs my 70.00 USDA month for life. Includes my Thai wife and and Thai daughter for another 4 years. We don't plan on staying full time in Thailand but 5 to 7 months a year. Wife likes to work 👍
Awesome stream tonight. I like your strategy for the future. Exactly the same as me! 😀
Thanks, it’s all about the long game 👍
Great walk and talk Ryan, self sufficiency is a very worthwhile endeavour and you are doing very well IMO. My father grew up in the great depression of the 30's and never threw anything out it seemed haha.. Health insurance...turned 66 and rates for 5 million baht went up 35% to 72k baht for my new age bracket. Seems too much, yet i do not pay rent, so for many expats that would be around 3 months rent.. Peace and Love Y'all
wow big increase!
Top quality health insurance should be your absolute priority. Nothing is more important than your health.
Never cancel your health insurance because it gets too expensive, get your finger out and earn more money.
Always increase your income to support your lifestyle, never settle for a lesser lifestyle to match your lesser income.
As for the UK “system” it’s still relatively easy to be successful. But if you want to get home after your 8 hours, watch tv and drink beer, you’ll never succeed and will then pretend to be a victim if the “system”
Hi Ryan, based on your overall cost, I calculate it at 20.8 years at the current rate. Not 250 years before you get your money back. Thats if the efficiency of the system is maintained. However, the system s efficacy will have deteriorated a great deal after 20 years anyway. So not much gain overall.
Should have said months :)
A mate of mine bought a 40 grand + car I built a 37grand house in rural Thailand When I was ready to move over here he told me how lucky I was
My car cost £2500 and it got me to work whilst I needed it
You seem pretty well sorted for your age Ryan. The farm, cottage, wife and kids and your businesses. Q. Are the 6 big green boxes for Damals single shoe collection?
I have to admit its mainly my crap! Damo has probably one pair of flip flops and thats it haha
@thenakedguru 🤣😂🤣😂
Enjoyed this one, and was interested in what you had to say about insurance, investments, etc. I'm already 67 and have a moderately decent health insurance policy, but unsure about continuing after a certain point, a number I am still trying to come up with. As for investments, your plans sound good, for someone your age., For me, sounds good except for bitcoin, as its too volatile for an old geezer such as myself. Its also environmentally unsustainable. As you say, you are still young, so why not have a dabble with various high risk/high gain investments while you have the luxury of time to recover if things go south. All the best...
Cheers Robert - sounds like you are winning my friend 👍👍
This guy talk good sence.
MSTR is a must too
Not sure if a typo, but the breakeven point for the solar would be 250 months not years.
yes should be months
I was looking for that comment and was about to write one myself:)
18:00 in approximately. I don't have the means like some but I'm off to travel starting in Thailand to see where that takes me.
Best of luck 👍
Live for the day but plan for the future. Early in my working career superannuation was introduced to counteract the chronically low national savings but for it to work it needs to be combined with home ownership. Much harder now with house prices going through the roof. Really interesting hearing your strategy, it’s well thought out and flexible. I’m sure you’ll be successful. Retirement is the best time of life if you have health. Health is wealth 👍
Great video
Great video! I have a similar plan for retirement, DCAing crypto gold/silver and going to try and set up my own business. I have left the UK and staying with family in Austalia, but will be making the leap to Asia soon!
best of luck!
Life is like a game of chess , yin and yang , nobody really retires completely , until were lying in a the box 😚👍✌
What is another of your channels called? The one you refer to as your main one..
Here: youtube.com/@lifeinruralthailand?si=cKcJjdQtDdlt2o_n
Thanks a lot!
If you lived from a backpack while young you can probably do it when old. If you have always been a cog in the machine it is hard to change young or old.
18:02 the first time I heard about rich people leaving the UK because of tax was the Beatles
I'm coming to Buriram in March. I would love to meet up.
A challenge with "self insuring is you lose the "ticket to entry". If you have a crisis at 1 am on a Sunday and require hospital admission youll need a rather hefty deposit which may or may not be readily available. Many medical centers will actually withold treatment of a foreigner without confirmed insurance or a sizeable deposit up front. Having said that the "fine print" of many policies seem to not cover most catastrophic illnesses anyway. But if you can produce a valid insurance card you get admitted pretty much without issue. And unfortunately,,,, in many cases it simply cost money to die! 😬
Its a good point, Visa money is always a nice retainer though if it was needed i guess.
Does the 20k/yr health insurance you mention cover the family, or just yourself? If just for yourself, do you think you need insurance for a Thai spouse/child, or is it not necessary since I assume they are covered under the public system?
Compared with the West, Southeast Asian countries have extremely corrupt police forces, and rents and prices are difficult for local workers to afford, and they lack protections similar to those in the West.
Good video.. Most people know that solar is never meant to save you any money but is meant to give a sense of security and independence when the grid itself fails. Good video though overall
A massive amount of people are leaving the UK... We have been out of the UK for 35 years 😊. All very good, Naked...
It's true: get free from the system in the UK. We are in Northern Luzon in the mountains... love it.
I'll post again about the insurance thing...
X
i just stumbled on your page, i cant even express how helpful its been, thank you so much, really considering a change in my life, moving to Thailand seems like a real possibility if i rent a condo here in Toronto for 2500 Can even air bnb, i could live pretty comfortably as long i don't indulge, but my one problem and huge reason I'm leaving my country is i have an injury which makes it really hard to live here in winters and weather half the year I'm in so much pain.. not sure Thailand would be better, but cant be much worse here in the winter and fall.. but that being said, i'm worried that i might get fleeced for insurance, be nice to know if there are other people with health issues living in Thailand and their experiences..
Only one way to find out.. we cant allow our pain to kill us before we die, go for it!
Your greatest defense against developing diseases in life is diet and exercise….cut carbs, sugar, seed oils, alcohol from your diet, eat meat, eggs, fish, low carb vegetables and berries. Eat fermented food for a healthy gut biome which has great impact on your brain health. My father died of Dementia, my mother is dying from Alzheimer’s and my older brother and sister are struggling with cognitive issues and I was diagnosed with a degenerative brain disease at 53. Changing my diet and exercise has made a huge difference.. My mother’s memory care facility in the US is $8,889 per month. Fortunately, she and my dad took out long-term care insurance which cover’s $6,000/month and pension income covers the rest. I was denied long-term care so I’ve identified a top tier long-term care facility in Chiang Mai that blows away any facility in the US for 1/3rd the cost should I need it.
No alcohol no life
@@clivebaxter6354😂😂
Sorry to hear. What condition did you get diagnosed with?
Get your sleep, cut out lager, and also maybe try Mint herb leaves boiled for a few seconds and then chewed for a minute as a mouth wash to see if they improve anything? Also, Farm Fresh Yoghurt in Malaysia contains 4 anti inflammatory probiotics which I found to be unusually powerful.
@@clivebaxter6354 Yes…it’s a trade-off. I cared for my father for two years and cared for my mother from 2015-2022 until she walked out of the house at 2:00a and realized her needs were beyond my ability. I’ve chosen no alcohol in hopes my lifestyle will keep me from becoming a speechless invalid. I’ve experienced first hand how hard it is on family to care for parents with Alzheimer’s. I would never wish this on my children. Since I can’t get long-term care, I don’t want to wipe out the inheritance for my children and grandchildren.
Good too hear your perspective on this Ryan. In thai culture i guess the young take care of the old that's the custom because most thai people wont have or cant afford health insurance.
The kids normally take care of the ageing parents.
As far as being a Farang in Thailand then yes you would be better off with some kind of health insurance as its likely you won't have the comfort of having kids there to care for you.
Your view of the UK is spot on and only getting worse. You should be very thankful you made the break when you did.
Im currently living in Australia, emigrated from the UK 34yrs ago but now I'm at that point where I am thinking about retirement and where I want too retire.
Australia is an expensive place to live these days so there's lots of us looking at places like Thailand and Bali as retirement spots.
Thanks for sharing Ryan 👍
Cheers David!
00:50 no way man! my in laws do the same and I think the wife too sometimes, they had nothing so they have to fill their houses for comfort. On the other hand I'm a minimalist
Bingo!
Hi Ryan i recently retired from New YorK to Prachuap Khiri Khan. i bought a hat same as yours! 😆. you are an intelligent and ambitious young man. a suggestion from an old man : diversify your investments, dont just hold Tesla and Bitcoin. maybe some US total market or S&P 500 funds? then you own a lot of companies and get dividends in your old age you dont have to sell your shares. Regards!
Cheers Steve - hope you are enjoying your retirement 👍
Loving the channel. As Steve says, investing solely in Tesla and bitcoin really is putting all your eggs in one basket. It's more gambling than investing. Recency bias dictates that people invest in things that have done well in the past decade. These rarely, if never, are the best performers in the future decades.. As Steve says, diversification is the key and investing in a global index fund or just the sp500 keeps your money a lot safer. TH-cam has some great content creators in the pension and investment field. Good luck
Cheers Willie, that really depends on my original entry point into both assets and my cost basis, also the use of options over the years which has protected the down side. Bitcoin and Tesla make up 100% of my "retirement fund" but i have other funds and investments, ive talked alot on precious metals on this channel. But out of all of the the biggest returns have been with BTC. Tesla & Bitcoin gave a 775% and 1,215% yield respectively over the past 5 years compared to the snp 82% non adjusted for inflation. 34,330% & 2,696% vs 189% over the past 10. I’ve had nothing to complain about 🙏
@@thenakedguru Ryan, I too am mostly invested in Tesla for the past 5 years. If you can comprehend & appreciate the growth opportunities of Tesla, then it’s actually not smart to keep your money in index funds where half of the companies are below average. If you are only looking for average returns then index funds are for you. I have been retired in Thailand for three years and live near Rayong. I do enjoy following this channel.
@thenakedguru absolutely, hopefully you got in early and you've done very well so far. We're in the longest bull market in history. It's got to break at some point. Bitcoins drop may well mirror it's meteoric rise but you're young and will be in the accumulation phase for a while to come so just hold your nerve and never sell. Teslas current valuation looks pretty expensive if you look at car sales alone. They're not looking likely to meet the shareholders expectations. But, and it's a big but
...if they get self driving off the ground and manage to implement it and sell it to other manufacturers the share price will go through the roof. It's an exciting journey. Best of luck
I'd like to learn more about setting up a company here and doing my own work permit. I did that here in china where I'm living now, but I've been thinking to pull the plug and move to Thailand.
hi mate, its quite a tricky process that honestly i couldnt do without my marriage visa unless my business was much bigger - plenty of other options in thailand though, DTV visa perhaps
@ thanks for the reply, I appreciate it !
Hi Ryan where your little dog been have not seen Ralphy lately
Asleep on sofa 😁
Spot on with the hoarding, mrs collects boxes, plastic pots, bags, jam jars etc. I hide them and if not mentioned throw out, it's all useless junk. Over 70 health insurance is not worth the outlay
Tesla and bitcoin, seem to be extremely high risk. Why not index funds?
because tesla and bitcoin would have given you a 775% and 1,215% yield over the past 5 years compared to the snp 82% non adjusted for inflation. 34,330% & 2,696% vs 189% over the past 10.
I agree, Tesla and Bitcoin are not good Long term investments.
Based on what statistics, Bitcoin has been the best performing asset for the past 10 years which is pretty long term. Not one person has lost money on BTC unless they sold it.
I invested in VUAA and VWCE 3 years ago and both returned an average of 11% per year.
@@thenakedguru both Tesla and bitcoin have extreme volatility.
in a few days am back in thailand.. road trip to udon thani khon kaen chaing mai and maybe kanchanaburi
Brother, I did the battery backup Grid Tie solar thing, and when the Thai Government blocked my ability to Grid Feed It became useless,
I can sell you 32x.320 watt Panels for Half price if you want, They are 3 years old.
They are about 4 hours from Tak now
thanks for that, im not plannig ti set up anytime soon i think i will need a shit ton of lipo batteries also and another invertor
Just a note to my earlier comment.
If a person has no money and no sensible plan for possible medical issues, then an insurance policy may be advisable.
Health insurance for 1 million cover is roughly £25,000.
There is no correct way to address the Health care question; however, if a person has no plan, no money in the bank for emergencies... may not be a clever idea.
Just think it through....
Had you been around in 1971 a 1/2 Gallon of Rum was $2.40 and a case of coke was $2.35 There a lot of USA Military drunks.
We are working through the getting old thing. It also involves where do you die if of a debilitating condition? Just keep your UK passport and die in the UK. You are at the when I have health issues stage. At my age (over 60) the conversation changes. At some point you don't matter and your wife and children come first. It is not an easy conversation but realistically it has to be part of your geographical and financial planning.
I'm in the process of planning my"blastoff". For my wife and myself, it's not a problem to pick up and move. The problem, believe it or not, is we have 3 dogs who are like family to us. If I can find a full proof way to get my dogs to Thailand, without spending a year's pay to get it done, I would sell the house and move tomorrow. Any thoughts?
hey my friend, only know this one: www.relo4paws.com/
but its always an expense thats for sure!!
@thenakedguru thank you! This is helpful❤️
@@44rpalermo Hope you can make it soon!
I’m happy here as said before , but like many , I’m a bit concerned if I become badly ill , I’m nearly 61, healthy to date , have savings & health insurance cover , and yes the worry is as you get older , undoubtedly the insurance premiums rise until they could become prohibitive..ok for those who have millions of baht saved to call on ..