Expats gone broke in Thailand Thailand expat video
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- เผยแพร่เมื่อ 1 พ.ค. 2022
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This video is presenting Expats gone Broke in Thailand valuable information but also try to cover the following subject:
-Thailand expat loosing it all
-Expat Thailand starting a business and loosing everything
-Thailand expat life can be dangerous and loosing all your money.
Young and Broke, many younger guys think they can make it here in Thailand only to be Young Dumb and Broke in Thailand. Don't be one of them.
I'm Broke I have herd this so many times in the 10 years of living here.
Dont be Dumb and go Broke learn from others to avoid going Broke.
One thing I discovered when I was researching information on Expats gone Broke in Thailand was the absence of appropriate details.
Expats gone Broke in Thailand however is an subject that I understand something about. This video for that reason should matter and of interest to you.
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Thanks for watching Retired and Living the dream.
I have been a visitor to Thailand for the last 30 years and used to own a condo. Advice for everyone. Dont buy or invest in anything in Thailand. Rent is far better. The thai law changes by the hour. If you have cash invest in your home country to fund yourself in Thailand. if you rent in Thailand. And it all goes tits up you can go home. With nothing to lose in Thailand
Wise words I was renting and it does not cost much more to buy, take precautions and cover your self I’ll take that risk married now to a Thai with 100% trust both ways. If you don’t trust your partner then I agree with you. My wife was more wealthy than me already with a house and farm. I’m lucky I know but the gems are out there.
กฎหมายอะไรที่เปลี่ยนไปทุกขั่วโมง เหมือนคุณเปลี่ยนผัว เปบี่ยนเมีย สันดานชาวต่างชาติ คิดว่าเขาฉลาด กว่าคนพื้นเมือง ดูถูก ซื้อผู้หญิงมาไว้เพื่อร่วมเพศ เพราะประเทศตัวเองผู้หญิงราคาแพงไง ครับ การซื้อทรัพย์สินต่างๆ เมื่อคิดว่าฉลาดทำไมไม่ศึกษากฎหมายของประเทศนั้นๆ ว่าทำได้ไหม เสือกเชื่อว่าทำได้ มันพลาดแล้วมาตำหนิกฎหมายว่าเปลี่ยนทุกชั่วโมง คุณสมควรที่ถูกหลอกลวงไปชั่วชีวิต
now there's a common sense reply ,,,spot on ,,,that is what I did I only used money I was making so if it all went wrong I only lost time and was back to square one ,where I was at the start.still had my investment .
My Thai wife and myself have owned our home in Northern Thailand for 19 years, all good.
My parent's advice before going to other countries like Thailand is, " Son ... When you get to Thailand, don't go looking for the boom boom because you will lose your money faster than a zoom zoom. " I took their advice to the heart and I haven't got into any trouble with any ladies.
Sounds like very good advice perhaps those that are doing boom boom too much will see doom doom to early. Thanks for watching.
@@RetiredandLivingthedream lolol
Isn't that the main reason single men come to visit Thailand ?
I moved to Thailand in early 2022, the amount of restraint which I had to exercise not to fall into temptations or becoming unreasonable has been unreal. Constantly fighting my ego in my mind, after a year now I basically feel like a monk. I understand how guys wishing to come here long time end up broke, broken and back home again. I'm lucky that I have a online business, serving clients in the western world (at western rates). But even now I am hyper aware of the possibility of that income stream running dry in some years from now. I'm in my mid/late 30's, so I am quite far away from retirement, but videos like these definitely keep me on my toes about keeping a clear and level headed mind with a focus on long term prosperity here.
Living in a cheap country can get expensive for some. Thanks for taking time to comment.
What do you do ??
@@HiddenPvP software developer, have some client work and an own software product with some paying users.
Buy some Condos and rent them out
@@cryptocrusader6078 I am on my first mortgage here now. Condo still being build but should be finished as well as fully paid off within 2-3 years.
Best rule of thumb make sure you have that steady flow of income before you leave and tell everyone your broke and all you have is your pension even if you have a million dollars in the bank back home .
The expression here is Do not tell a Thai girl how much your worth Dead. lol
Also, don't boast about what you think you have or earn't. Showing off will only encourage them to want to take from you.
Indonesian here, i just want to say when someone trying to seduce you to buy property or land in Indonesia, DO NOT FALL INTO IT because Indonesian law clearly PROHIBITED foreigner to own piece of land or building in Indonesia, but you are still allowed to rent them. So yeah in southeast asian its much much better for expats to rent the place instead of buying it.
No problem buying it for the person you trust 100% I am buying this house for not much more than renting it and when I curl my toes up my wife benefits. Looking after her financial status when I am gone was important to me. It costs me 90,000 baht per year extra to buy opposed to renting so Id only loose that amount if it went belly up compared to renting. We all have choices never be forced into making choices we don't want to make, change your partner if forced to do this.
@@RetiredandLivingthedream Trust may be in the eye of the beholder. Many men who consider Asian women are on the Spectrum and have difficulty perceiving and understanding women and what drives them. They don't understand "female hypergamy" and may never have even heard of it. Female hypergamy is part of the genetic wiring of females. Females are sexually attracted to men (in some cases crazy men) who can support them and their shared baby.
Females also have an (understandable) desire to help support their extended families. This is not a bad thing. But Western males who do not have the ability to "read women" may not understand or be able to judge trustworthiness. I am not blaming men for being on the Autism Spectrum. But I think they should be aware of it, for their own protection:
Men:
1. Have you had any positive experiences in dating?
2.Have you made an effort to 'make something of yourself?"
3. Do you smoke or drink too much?
4. Can you read emotion on people's faces?
5. Do you feel you "understand women" and female hypergamy?
6. Do you even know what female hypergamy is?
7. Has anyone you dated or married taken unfair advantage of you?
8. Do you believe that because a women is Asian she will be more sexually open and more "pliable."
9. Do you understand that loyalty to their family may be more important to them than their relationship with you?
10. Do you believe that as an older man you are essentially more "attractive" to females than younger men, especially those with money?
I don't mean to insult the men who listen to your channel. There may be many reasons to go to retire in Asian Countries. But naivete' is not one of them.
Sanjosemike (no longer in CA)
@@RetiredandLivingthedream well if that is the case then you should be marrying her/him first and sign a marital agreement so you can guarantee your rights of that property.
Long lease done at a reputable notoris is the best way ( with options if available to extend). I have also had other friends get there partners ,wife's to buy freehold and then long lease it back to them say day at notoris.... Putting it straight free in partner's name is a no no..( talking Indonesia here )
@@harukrentz435 This assumes that a court in Asia will back the agreement you sign. And even if they rule in your favor, which is unlikely, you have to find a way to "enforce" the ruling.
Many Americans have an "elevated" perception of the law. For example, in the US, Democrats get away with almost everything. Conservatives, not so much.
Asian countries (correctly in my opinion) back their own nationals. Just by signing an agreement may have zero impact if they intend to steal from you.
Sanjosemike (no longer in CA)
Be care guys. Most Thai girls want your money, not your love....
Most if not ALL Western Girls want all your money houses cars and see you in the gutter and will get it via the Courts at least here you have a choice. Not all woman but 90 % of the people I talked to ( MEN ) all say the same thing.
Thanks for your comment and for watching
Coolest'Comment'ever(smart-Advice'Smart-human)
Wow"yo 100%
Great advice Les if you want to make a small fortune in thailand start off with a big one I'm lucky on my very first trip to thailand I saw an old falung begging homeless and stone cold broke I sat in the gutter with him and he told me his story always have an emergency fund in your home country that cannot be sent to thailand
I am lucky I have a monthly pension that pays every month and goes up with inflation, a couple of friends who had at the time a large sum of money then decided to do various things with it and had no pension apart from their State pension at the age of 66 have almost spent up and live not a good existence with very little money every month, not a fitting retirement in my eyes. It is like the book who stole the cheese it has gone little by little but now its almost all gone.
Thanks for watching
No your not lucky Les you worked 2 jobs most of your life but yes emergency services have very good pensions my sons in the navy all he has to do is stay in the navy 20 and he will have about a million dollars in his supperannuation but he's already starting to talk about getting out of the navy and joining the fire brigade 55555 I've tryed to tell him here in Australia it's very hard to get in every man and his dog wants to be a fireman they think it's easy because here I think they work 3 or four 12 hour shifts a week and as you know get a good supperannuation but they don't talk about how many fireman die young from the exposure to all those chemicals but do you recon he listens to silly old dad no dad's don't know Shit 55555 you carnt put an old head on young shoulders unfortunately Les
I wish him luck in becoming a firefighter, Firefighters have far more better protection now than they ever had, so don't worry about breathing in those chemicals, The time off like me in the UK gives opportunities to earn extra cash, the pension is good also so I'd say a win win for him if he gets in.
Thanks for sharing.
@@RetiredandLivingthedream getting my state pension overseas meant I had to pay bankfees and had to adapt to the exchange rate so the amount wasnt constant.
👙🌹👙🌹👇
th-cam.com/video/3XRBulximIw/w-d-xo.html💰
Hi Les, been going to Thailand since 1991, heard all these stories a thousand times, my view was and still is if you want to be a MILLIONAIRE in Thailand start with TWO million, because you will lose,,, all that glitters is not gold,,,
Thanks, with all of the advice on youtube this should never happen again but it does it is an Evergreen business here Old men Young girls = sad stories some good but more bad.
Thanks for your comment.
Over the last 25 years I’ve known so many ex-pats that go on the scrounge !! It’s always a big warning sign, and so many you never see again. My advice to anybody planning to retire in Thailand, is to retire and not work or open a business. Don’t fall into the business trap, live within your means and enjoy Thailand for what it’s worth. 🙏🏼🇬🇧🇹🇭
I agree many dreams have been broken here with the business going down the pan. I myself helped start a coffee shop business in my early years of being here but only paying 3,000 baht per month rent for the shop house we were never going to lose money we lived above the shop, never made a lot but steady away. The relationship broke up so the shop stopped. I lived above the shop for a while very cheap rent, I rented out the shop so my rent was now down to 1,500 baht per month.
@@RetiredandLivingthedream Sounds like a cheap way to live, but was it living, or just surviving ? So many ex-pats in Thailand are just surviving, I mean living on the knife edge of going broke. My worst fear we be going broke in Thailand, like you said it’s hard enough for Thai’s, let alone for ex-pats to make money. Anyway it looks like things are good for you now, you are living that Thailand dream 👍🙏🏼🇹🇭
He wasn't a horrible person because he was drunk, he was a horrible person who kept it locked down until he was drunk.
My first visit to Thailand was in 2019 where I spent a month traveling around and it’s understandable how some guys, after a weeks holiday in Pattaya, fall into the trap of selling everything back home and moving to Thailand without any long time plans in place. They think drinking at the sea front bars is going to last forever.
It is a wonderful life living here in Thailand but it can also bite those who are not prepared. You can live on very little money here but not with no money.
A fool and his money..
More than drinking
I've encountered expats here who have totally sabotaged themselves through sex addiction to prostitutes ($$$$$), becoming besotted with much younger ladies and forking out a fortune to desperately keep them (now that's really sad) plus alcoholism. There are the reckless spenders only living in the present and not budgeting for the future. Others taking on terribly risky business ventures in dodgy get rich schemes. Sadly, quite a lot of men living amongst bargirl scene equate self-worth and ego only as having lots of money to flash about and "impress" others. It also gives them a perceived 'alpha male' status with women and expat peers.
Some are swindlers who lie, cheat, are con artists, borrow and never repay. A raft of excuses and a wall of silence. I've lost a relatively small amount to someone but a good lesson learnt. Thailand can be a very dangerous place for some.
there are thousands of fools born every minute
Great video Les. I'd watch it again just for all the wonderful tropical bird sounds in the background! In my experience in both Thailand and the Philippines, the number one nemesis for expats who fail is booze. Nothing else even comes close as a trigger for poor judgment and epically bad decision making. Poorly chosen Thai or Filipina partner is a distant second reason that expats fail, and ill-advised business endeavors are third. Some expats however, are overachievers and insist on combining all three (booze, poorly chosen partner, and ill-advised business endeavor) to insure they go out in spectacular fashion!
Thanks for that, I would agree I know a few who have excelled in all three of them statistics.
Hapen.to me lost 500.000 dollars
@@michaelcantatore2563 one saving grace there has beem many before you and even more after you just got to forget it an move on
Lost or mishandled ?Hmmm
💰👙💰👙👇
th-cam.com/video/3XRBulximIw/w-d-xo.html👄
A lady of my acquaintance had a brother living in Thailand and he died under circumstances which have never been fully explained. They might have been natural but not necessarily and she did not find out until a week after he died.By the time she got out there he had been cremated his flat or property had been sold and his Thai wife - about 30+ years younger - had disposed of everything he ever had or owned.
I have herd many stories of such things. Also how many guys accidently fall from balconies in Pattaya.
@@RetiredandLivingthedream
The Pattaya Flying Club is famous. Most of the “members” are just farangs who spent all their money on drinks and ladies.
Don’t join the club.
I did the same thirty years ago, but I moved to Hong Kong, and have never regretted any of it .... I am still here now; happily married to a Filipina/Chinese mix and we together own and run a small jewellery business in Tuen Wan, New Territories .... Cheers .... N.
Thanks Jimmy for watching and taking time to comment very much appreciated.
Insightful stories, Les. Lessons I've learnt from them is live within our means. I know it's easier said than done, but if can budget and be strong willed it is still possible to be happy and enjoy nice things.
The Thai girls have their charm to extract the money from your pocket to their pocket and when its all gone so are you. Self preservation is the key your number 1 never forget that. They have many dreams how to spend your money. If it works out then great if not they don't lose only you.
Thanks for taking time to comment.
Thanks Les ,for the sound advice
Thanks for watching and taking time to comment.
Sound advice Les, this not only goes for business start-up's, but anything and everything that you do in Thailand. Don't buy what you can't afford to lose. Keep the Thai dream simple, rent as much as you can, and only buy what you can afford to buy, and possibly walk away from.
Sound advice thanks for sharing.
Very very true mate its like horse racing only bet what you can afford to lose
Sage advice Les - many thanks!
Learn from those who have trod the path already.
Thanks for watching
Great video Les , liked and subscribed to your channel.
Thanks for the sub! Also thanks for taking time to comment. I hope you get value from the videos.
I love this channel your a great man thanks for the advice ☘️
I appreciate that! very much, thanks for taking time to comment.
Good advice Les !
Thanks.
looking forward to coming June to start my vlog journey found your video most helpful bro
Best of luck! with your plans for the future everything is in your hands.
I know of an ex mate who retired to Thailand to a very small town in issan about 15 years ago ,, was bored shitless after less than 6 months , put the majority of his money into one of those huge shop / house places for his wife , drank beer by the lorry load every single day , borrowed money off his family back home in the Uk , pissed that all up the wall along with everything else he had , and has now like so many alkis alienated himself from his family and friends , and to hear the clown talk he reckons he’s living the dream ,, essentially hasn’t got a pot to piss in .
Anyone thinking of retiring in a rural non English speaking rural town ,, go live in a rural town for a minimum of 6 months in one stretch BEFORE you go retire there
Morning, if you have a Alcohol problem in your home country then you could end up with a bigger problem here. Living in Rural Thailand although is looked like a dream it can be a nightmare, loneliness could be a big factor not having anyone to talk with. I would suggest to anyone thinking of that Route try it 1st for at least a year before you commit to anything. Once you bite the bullet there is no going back.
Yes , spot on , he was drinking it by the casefull back at home ,, in fact many who knew him before he left correctly predicted the outcome .
Your advice is good for people all over the world in every country. Some people just don't understand the first thing about finance. I have seen this same scenario in America.
Thanks Allen for watching.
Really good advice
Thanks Peter.
Great video, thanks 🙏
Thanks Kevin thanks for watching
He came back and paid everyone back, I credit him for doing that. I have had great successes and failures in Thailand. All in all it's a life learning experience.
Thanks Claus for sharing that. Thailand can be a steep learning curve.
keep away from Pattya your money will soon disapear there
Thanks for the good advice
Thanks for leaving a comment and thanks for watching.
Great vid! TY. You are a very good story teller and I enjoy them alot. Land sales are the biggest rips where I live: But you can not keep some people flying to the flame. Even when they know they will get burned for $5K, $10K. They seem determined to try...
I have seen it many times also. Thanks for taking time to comment.
Great commentary Les. I got bitten 20 years ago in the Philippines. Learned my expensive lesson very well.
As long as we learn from our mistakes. Thanks for sharing.
Would you recommend Philippines for an expat Aussie. Retirement age. Self funded?
I’ve heard corruption is a problem.
Great video once again buddy 👍
Thanks for watching.
great advice mate it's really helpful me and my wife have long term plans in place but it helps me see that I need to split my money and have money saved in my own country as well as Thailand so I have money to fall back on thanks mate
Glad to help Thanks so much for watching.
Hello Les, another very interesting video, thank you for sharing. Kind regards
Doug and Jum
Many thanks for watching, Having lived here ten years you see a lot of foolish things, I have also done some foolish things in my early days but seeing others do the same is comical in some ways, ten years ago there was not youtube to inform people to beware only guys in bars who have suffered being in bad relationships.
Thank you for the video ..
Hi Les in Thailand. Great video. Thank you from Les in Thailand.
Thanks for watching and taking time to comment.
Patience and respect, humility and charity! These things bring peace and joy in most any land. If your heart is set on personal pleasure, prestige, wealth, and status above all else, you tend to exhibit this to your partner, friends and neighbours, eventually. Thai ladies are like most people anywhere, if they are in a relationship with a self centred selfish person, they will probably return the favour when they leave, taking everything they can!
My Divorce Solicitor told me that you will loose a lot because your a nice man, and that was true I lost a lot through divorce. But I've seen other girls glad to get shot of their bad men in their relationships and seek nothing from them they want nothing to do with them.
Thank you for the video
You're welcome thanks for watching
Thanks for the share 😊
No problem 👍 thanks for watching.
Greta stories, invaluable life lessons. Thank you for sharing them. And for for added effect, seeing a furious Oliver Khan was the icing on the cake! Brilliant! 😜🤣🤣🤣
Glad you enjoyed it! Thanks for watching
I have to say how beautiful your yard and area looks….your a lucky man to find such serenity.
Thanks so much, we like it here.
Good video. I lived in Thailand some 14 years straight but started a business there 26yrs ago. I looked. learned & listened for 3 years before I started my business & also learnt Thai. The most important criteria was to get an honest Thai manager? Thats the hard part & not a bar girl. I saw many foreigners lose their life savings & Thai girls taking their cars, homes & money. I still run my business & dont even have to be in Thailand as live away on my farm. I can control it anywhere in the world & have no problems. I own a condo in Thailand & visit once a year now as happy on my farm. I also don't drink so avoid bars...... You can make it if you do it right but you need that Thai manager if you decide to do business as not many foreigners read & write Thai let alone know the laws......
Thanks so much for sharing your story its so nice to see positive results well done sir and well done for speaking Thai something I find very hard.
Thank you for posting this vlog on this topic , all too often volggers only tout how wonderful the Philippines or Thailand how all will be perfect in your life once your living there . I appreciate your honesty and keeping it real it will help prepare some future expats from being foolish with their money or making immature poor choices and suffering negative consequences . On the other hand some will see this video ,call you a fool , not listen and blame everyone else but themselves when they mishandle their funds and are broke , at least you tired.
Tried
Spot on, I have all sorts of good and bad reply's, as long as their non offensive I leave them on to gain a balanced view, I am not right 100% of the time but I can see what happens to people here. Living here over 10 years now I have seen many things. Me and the wife can spot newbies a mile away by how they act. Shopping Trolley with household materials is a good start. Starting a new life here is exciting but some get caught up in the moment and forget about what they are signing up for.
Thanks for your comment.
Totally agree with you 👍
Thanks so much
Awesome video
Thanks! Richard for watching.
good vid
keep em coming
Thanks so much
That's great advice, especially, with the Thai. Girls involved.
Thai Girls always have a dream of ????????? but no money but will gladly spend your money. For some it is a little stall selling drinks and some of running resorts and buying land then sell again. find the one who wants to sell small things her head is not in the clouds but her feet are firmly on the ground. They do exist but are hard to find. Like all good things.
Very interesting. Hope people take heed.
Thanks for watching.
Great work Les,👍 Thanks 4 the wonderful video. Being alone during the pandemic has taught me so much. Addiction is so expensive. Living simply is one of the paths(being still) to healing My only concern is health insurance, if over 65 from US. Any ideas? 😎
You can still get health insurance here at 65 but as with all country's they don't want to insure you once your old. Self insurance have a few thousand dollars tucked away for a rainy day This is a problem we all face one day, I have insurance not a lot but enough to get me fixed up to return to the UK if needed. Sorry I cant be more of assistance. But I know many people here with no insurance, in fact I am the only one with insurance within my group of friends.
@@RetiredandLivingthedream Thanks, Les. What about Bumrungrad hospital in Bangkok? Agree with you on having a few bucks & going home(if possible) for big medical events. The US treats everyone
in an emergency but private doctors can refuse to treat with medicare. I bet Thailand has good dentists. Highway robbery in the US. Take care.
I wouldn't go without insurance. I had a widow-maker heart attack in Thailand and staff in emergency refused to even give me an aspirin until I pulled up my insurance documents on my phone. Have your passport on there too. I forgot mine (cuz I was having a heart attack) and staff initially withheld the aspirin because "we don't know if you're in the country legally." Once the doctor arrived everything was fine, but some of the minions were truly scary. Also not a good idea to run out of aspirin. : )
I can't imagine how frightening it must have been for you. Scary. Thanks so much😎
@@lizcarlyle2477 Thanks. No time to be scared really, you just do what you have to do. I was lucky.
Enjoy your video and is useful for these friends or people out there who is interested to relocate they life over there Thailand anyway thanks so much for your Awesome sharing dear friend 😘👍👍
Thanks for watching and taking time to comment.
Thanks for Sharing 👌
Thank you too
Awesome. Full watch 👍👍👍 ciao from italy 🇮🇹🇮🇹🇮🇹
Thank you very much! for watching and for taking time to comment.
Totally agree with all that i had a laundry in pattaya for 6 years 2012 to 2018 didnt make a fitlrtune but kept me for tree never spent any money on it had to replace one machine and two irons in that time peanuts and seen that pattaya tourists were getting less and less deceided to walk away plus the favt the woman i was with was starting to spend a lot of money on her family which i didnt like and did not want to fund thier problems i think she knew i was going too walk so she tried to milk me for what she could get have to be careful who you entet these things with ive seen loads snd loads of bars go bust for this reason and bloke go bust they keep throwing money at it until it runs out and lose everything
now live in issan very nice thank you
My friend has had 2 for about 10 years, it almost pays him to stay upcountry full time.
Thanks for confirming my thoughts on this. People will always need a Laundry.
Just found your channel mate you sound you no what you are talking about I am going to to ask you a lot questions in next few months if don’t mind we’re in Thailand do live
I like peaceful life not bars and all that stuff in Patong
Me and wife are coming to Koh lak and travelling around for 3 weeks in November enjoyed the vlog been Thailand many years ago lots of times but looking more quiet maybe north from surin upwards any ideas cheers les
Live in Australia from uk 40 years ago
Welcome aboard! Thanks for watching, yep living here for 10 years I know a thing or two. Ask away and if I don't know ill point you in the right direction
You are very very right, it is who you marry I have been married to my lovely esan lady for 34 years, the biggest mistake is if you have never been in business in your own country why think you can do it here, I am lucky my wife always thought that I knew better I did, we started with five thousand pounds, now she is very very bright, she built her own resort, slowly dos it.
Well done Larry it is so nice to hear the good stories once in a while I take my hat off to you Sir.
Thanks Craig for watching very much appreciated.
Yes, I also have seen people do the exact same thing. No matter what it's always going to happen.
Hi Andrew, I bought a business in my early days and ran a coffee shop, my idea my money but my partner benefitted from this venture but in the end I did not lose out, we parted and I sold everything and the lease to the shop. Learn from others.
Good Advise
Thanks so much
Me again Les. Ive only just found your videos so i've been having a look at some of the older ones. From what i can see youre living in Rayong near Pattaya?? Right?? I'm just wondering what Rayong is like as a living destination? I'll be checking it out on my upcoming visit but it would be good to hear from someonw who has lived there for a while. Have you ever done a Rayong tour to show subscribers the town and beaches? I cant seem to find one on your home page yet.
th-cam.com/video/cd2_4PCQ6tA/w-d-xo.html
This was made Two years ago wow how time goes fast but this is where we live near Ban Phe, Koh Samet with beautiful white beaches only 30 min from where we live, nice beach 5 min from where we live, Rayong City for western food,
Rental for a nice well furnished house from 7,000 baht with a gardener 12,000 baht for a stunning house with a stunning garden. You would need a scooter living in this village. There are other foreign people living in this village English Canadian South African German so your not in the middle of nowhere. I hope you visit this area if you do give us a call and we can show you around.
Best wishes on your future plans.
Les & Ploy
th-cam.com/video/MXE7vSVUpHM/w-d-xo.html
Koh Samet very nice.
Love the birdsongs!
We have plenty of trees around us and I also love the birdsong, people who have visited my house also comment on this.
You are best 👍👍👍👍👍
Thanks so much for watching
Nice video Bro 👍👍👍👍👍 you know what they side 2000 years Do not think you smart there is smarter than you and if you retire you should enjoy by budget not to do invest or try in to make money with respect one love ❤️
Thanks for your comment, live a happy life with what you have.
Living overseas - sometimes the picture is colorful and festive Tiki mugs and parties, and the reality may be the same picture except in mottled gray tones.
We all can look through the looking glass but when reality kicks in it is a whole different World Life is what it is the ups and the downs without either ups or downs life would be stagnant and not much fun.
The problem is that when people think that they are living on vacation and behave like that. You need to treat it like home, you cant live as you were on vacation everyday. That is why im a bit hesistant about living in Thailand because it requires a mind transition. Also if I would ever be moving to Thailand the first thing I would want to do is to learn the language properly, I see many expats who dont want to learn the language. I think its about respect to learn the language of the country you are going to live in.
I agree about change your mindset and get out of Holiday mode, this comes in time but your simplistic view of learning Thai well easier said than done, it is soooooo complicated and very difficult I have lived here for 12 years and still struggle but google translate is a great invention. Thanks for watching
Hi Les !
Like the video.
My advice would be, anytime the lady or girlfriend comes up with a money making idea, would be to change the lady. As for the guy with the attitude, fools and their money soon parted!
Thai girls are always thinking how to make money, remember Thailand has no social benefits like the UK where money is freely given to those who do not want to work.
Here in Thailand they will try anything. So don't take that away from them they have a great work attitude as they have to. Look at the people selling flowers at the traffic light junctions they walk miles every day for a few baht. I take my hat off to Thai people working for a few baht.
I agree with the fool and his money are soon parted he was a fool to think this way and deserved to fail.
Visas can be hard to get. I have lived here over 12 years, no alcohol. Lots of alcoholism here.
I know a few work arounds that are 100% legal and better than using an agent and cost far less than an agent. Yep I agree if you had a Alcohol problem in your home country It will be worse here for sure, my friend who was a Alcoholic in Australia now has Alcohol dementia because of his drinking same age as me almost 62.
Thanks for your comment and for watching.
Good video les. Can't believe the arrogance of that 1st guy, expecting everything and everyone to come to him. He had an excellent opportunity to develop the business with that condo complex contract and blew it. Handling the alcohol is a big problem for expats. Which is why I'm looking to stay away from Pattaya and all its enticing options when I emigrant later this year.
Yes I agree John, that contract would of paid for all the setup costs of his business as the owner was a brit also, he shot himself in the foot with his Attitude. Alcohol is a big problem here in Thailand. Best wishes on your future plans to retire here.
This is one of thousands of stories it accusers to me there is a need for Survival fund service for Expats to help in desperate position. Also important to know in Thailand you can do more as being directly owned.
Wow you see my grandmother use to say a good attitude takes you to a higher altitude and that is so true drink can be a curse . I think in life money management time management and you won’t get rich in Thailand some young men do starting up real estate business and make it but I think you have a pension say £1200 per month or £1000 per month you can live quiet comfortably . Personally I wouldn’t invest lovely video
Would I like more Mmmmm yes but not a lot more another 100 pounds per month would be perfect, I had this little extra before Brexit, since then through exchange rates I lost at most 300 pounds per month but now its down by about 120 pounds' per month. but we still manage and in my opinion live a good standard of life.
Thanks for taking time to comment.
If you are a retiree, you shouldn't be looking at using your retirement savings to start a business. You spent a lifetime accumulating enough to retire on. 90% of new businesses fail within 2 years. If you met a young woman in Thailand, she is looking for her economic security. Starting a business with your money makes great sense to her.
Spot on Richard the clue most people miss is Retirement. But saying that I can understand people who retire wanting to do something and the Thai girls always want to do something its in their blood their idea's don't always work but some do. It is hard to make a living here on such low wages. Foreign guys think they can make big money here but not true for most guys they lose big money. I had a few ideas myself, I did run a coffee shop, ( did not loose money ) looked at setting a training program for Thai Electricians but the process is against that. Thai electrics are very bad here so I was going to set up a non profit training group up but too much red tape to do something for free, they still wanted a huge investment in cash into a Thai bank. So i declined and settled down again. Helping people is in my blood.
Thanks for taking time to comment.
@@RetiredandLivingthedream I have never been to Thailand but I have seen lots of travel videos. One thing that was striking to me is the wild tangle of electrical wires hanging from all the poles in the city. What is that? Do they have any codes?
They are mostly internet cables if the cable is faulty then they renew the cable but do not remove the old one so these cables build up. There is an Electrical code here but very few follow it. As an Electrician in the UK my standards were very high I have done ( helped ) a few guys here my daily rate in the UK 12 years ago was 125 pounds per day here a qualified Thai Electrician is from 1,500 to 2,000 Baht per day 35 to 46 pounds per day. So which foreign guy would work all day for this amount.
I brought an investment property in thailand yes the house and lease the land and has payed off very well.for last 15 years i think good on you guys for having a crack thats how people gain success in life as a lot of your messages here are living in Thailand... The 1 big mistake is people move to thailand and arnt buisness savvy to start with and dont have the skills to run a buisness so they will buy a bar this buisness model is saturated in these markets which leads to disaster very quickly.
hi Les how is the Keto going . ? Ive just started slimming world again having pilled on 15 kg over the english winter , plan is to get it all off by the time i fly out on july 7th 1st week lost 6lbs.
Hi John, I put 5 kilo on since Christmas so back on it soon, you have to be in the right frame of mind to start and as we have been busy since buying the house i think it was the wrong time, were away for a short holiday this month then I am back on it by the 1st of June. Good luck with your diet and your plans.
Best wishes.
Best investment here is gold. Never mind about all this bar, restaurant, property and land confusion in a culture that takes a long time to suss what really goes on. It's yours for as long as want. An element of risk, yes, but one can do it without any indigenous involvement.
That's why all Thai lady's want gold its money in the bank. A friend of mine bought some expensive diamonds and gemstone ear rings as a Christmas present for his gf they were just cast into a draw and never seen the light of day again. Buy gold your Thai lady will always be happy with gold.
Thanks for your comment.
Thank you, good advice. On the subject of gold and bullion I tried to sell 5 oz’s of Silver in Bangkok.But to no avail.I had a krugerrand with me thinking that if my credit cards and ATM were lost I could sell the Krugerrand. I discussed this with a bullion dealer near Chong Nomsi BTS but it didn’t seem do-able.Bullion isn’t a reliable back up in Thailand ?Am I right or wrong?
The Thai people would disagree they use god shops to lend money all the time. My friend got engaged to a Thai girl and bought a 60,000 baht diamond ring, she said I wanted Gold this is no good to me, I can't do anything with this, As you can imagine that relationship did not get beyond the engagement.
Thanks for watching
@@RetiredandLivingthedream -Gotcha! When I return to the LOS in October I'll look further into using bullion as a back up and a hedge.
If you buy gold rings or just gold in Bangkok head to Hua Seng Heng in Chinatown. Theyre the oldest gold outlet in Thailand & will give you a buy/sell invoice & won't rip you. I wear a gold ring knowing if I get stuck I can pawn that ring?? even though I have Amex. Amex allows me $25k anywhere instant access if I get stuck....... worth knowing.
@@beesomsak6727 30% interest 55555555555 🧐🤨🙄😂🤣
I have bought and sold Krugerrands in Thailand. Most gold shops (in the city I was staying) have very few if any gold bullion coins. In my experience, if you find a shop with coins in the display case, they are the places most likely to buy your Krugerrand.
Im going there for living . And i think you are Spot on also many drop blue eyed into businesses like open a Restaurant and not capable of peeling an onion .... so many foolish People there
Common sense sometimes is left in a locket at the Airport.
Thanks for watching
Hi Les this is a question regarding a video you made a while back re the visa retirement requirements to have a certain amount of monthly income coming into your Thai bank account. First thank you so much for the video and information, I thought my retirement dream was unattainable before that video. I looked into it a bit more and I wondered how do you avoid the costs associated with the monthly bank transfers of my pension from the UK bank to the Thai bank ie transfer fees and conversion costs? Many thanks and kind regards
Hi Shawn, thanks for the question, I transfer 1,200 a month with Wise ( was Transfer Wise but they changed their name to Wise. ) this costs me £7.15 to transfer the £1200 If your talking about the recycle method then return the money to your home country with Dmoney another currency transfer company here in Thailand they charge 125 baht to do the transfer from Thai to your home currency and not bad exchange rates. Yes it’s a fuss but if it gets you what you want it’s worth the little extra work involved..
Email me if you need anymore info lesliepearson58@yahoo.com
never use the Banks in Uk such theives , use WISE its much cheaper
Once again, thank you for your great advice🙏
you will need 800,000 thousand Baht, thats stays in a bank account for 3 months before application and 3 months after , Retirment visa o , no insurance is required with that application. then you get 90 days and then do online , every year you have to submit the documents again with a copy signed by the BANK OFFICAL ,
I Live in Chanthaburi last 5 years , have Thai ID and driving licence now.
I saw a cold water washing machine very like the commercial ones in Home Pro for about £200. If the commercial one was £500, and five people put 20 baht a day in your making a couple of quid clear of electricity and maintenance. So that does add up, if you're not renting the space. Even two a day at 20 baht is nearly a 50% return on investment in a year. But that - of course - is why they're everywhere. You won't get two a day in most places!
Ahhhh but it is also the add on the powder the drying and ironing this can double your income. I have seen it done from a village she started with one machine then ended up with 4 also doing an ironing service cold drinks coffee tea and pickup and delivery service.
One could have machine at home, take in laundry, iron
. Like old days, signs said. Ironing done here.
Having worked in asia for 20+ years I have seen lots of expats make bad decisions. My best example is from HK about an US guy who retired in HK and spent most of his time smoking, drinking and taking random women back to his place. This unhealthy life style caused serious health issues with his lungs which forced him to go back home to recover in a hospital. I do not know the details but one lung had collapsed. As soon as he had recovered enough to get out of the hospital he came back to HK. I saw him in a bar, smoking, drinking and with two women in tow. He passed away shortly after I saw him that evening. He was not young, being in his late 60's, but i can't help but this if he staying in the US he would lived a lot longer.
We all drive our own health standards My sister in her 60's give up smoking when they found something on her lung ( she had smoked for 40 years ) Then when they said nothing to worry about as it was an infection and meds cleared it up she went back to smoking.
Hi Les,
I.m.o the first guy is the type of guy any decent person should keep at arms length. Not just in Thailand, but anywhere.
& never ever loan money or anything to such a guy.
The fact he gave the money back several years later, means little. He should have given it back when he initially said. A guy never to be trusted & unfortunately drink plays a part.
I never lend money, as this is the 1st step in a troubled friendship. Some people learn a hard lesson, Id say before you get to that situation you need to have a plan B get out whilst you can. Recover recuperate get some money back so your solvent learn from your mistake then do not repeat that mistake.
Great video mate , but gold has never been £1000 for 1 baht must of been 2 baht :)
Not knowing about the price of gold then and now and can only go by what he said he mentioned 1 Baht of gold and getting 1,000 pounds worth of gold on his credit card. But the moral of the story he wanted cash by how ever he could get it. Normally with Gold you can always buy and sell Gold but he had problems
Where are you located, looks amazing
We live in Rayong, great location.
@@RetiredandLivingthedream Trying to be there in November for 3 months.
Best of luck with your plans November is a nice time to come here.
Good content but you could do without the extra “b-roll” as it a bit elementary. Also I suggest you get rid of the green screen and do it in a natural setting. Other than that, great stories you presented. Best to you.
Thanks for the tip I was just trying out the green screen experimenting. Having done the 14 ay film maker course they suggested always to put B roll in to keep people interested
@@RetiredandLivingthedream Overall the content was great. Instead of still shots for b roll try video and strive to shoot it yourself. Then you can go full screen and then cut back to you full frame. Keep up the great story telling.
Recently found your channel. Wise words. I'm early retire to Thailand next month,quit my job, already living in Asia. It may sound lame but I do worry my will power to stay away from the distractions. I will keep an emergency fund offshore, house in blighty rented out, will consider living in the sticks to limit any fallout , 😀😄
Learning to say no is hard, a new subscriber learnt that lesson complaining his Thai gf has spent all HIS money. Only because he let her.
But it’s hard to say no here. Best wishes for your retirement. Thanks for watching
Reminds me of a song. He's got this dream about buying some land
He's gonna give up the booze and the one-night stands
And then he'll settle down
In some quiet little town
And forget about ev'rything.
I want to retire to Thailand one day and my wife owns a home there but we are looking a a piece of land to open a shop of some sort just so we can earn a little so as not to be drawing from my pension constantly. Thanks for the tips I'll try to be careful. I have 1 thing for sure in my favor, I don't drink alcohol to get drunk just a Chang Beer once in awhile.
Be well.
Thanks for watching, best wishes for your future here in Thailand, thanks for taking time to comment.
Gerry Rafferty
Isn't it called the "Pattaya Flying Club" when the money runs out and the farangs decide to end it all by jumping ?
If you decide to return to UK , you won't get social security for 3 months plus 1 month in arrears but you are entitled to a loan after 3.
Funny you mentioned that I have just done a video for those who would like to return. The guy laughed and said Id get nothing and housing benefit after 9 months if I was lucky. But arrive on a plastic boat you get everything. I have also done a Whistle Blower video also as I have seen what happens with my own eyes this is out shortly.
@@RetiredandLivingthedream Housing Benefit no longer exists. It's included with Universal Credit now. If you're British , you get UC money only after 4 months but you can get a loan after 3 months. So you will need a few thousand if you want to return if you have no accomodation including 1 month deposit on a room.
You can probably get free food and maybe council hostel accommodation but I'm not sure. They changed these rules after the East Europeans were abusing the system and it affected returning British people.
Yes, the illegal migrants typically get a 3 or 4 star room plus 3 meals a day plus cash and medical treatment but the UK government seem to want them to come, RNLI transport them.
U made me rethink about retiring in thiland I will be 69 old I don’t need a house so after waiting ur vodio on retirement homes I a sure u can come &go to a Bar or a game of golf ⛳️ if I am fit to play
For sure you can do this. Best wishes for your future plans.🙏😎
How do you get a small business in Thailand.Start with a large one.
I do know some business owners who have made it, Alcohol was the demise of this business.
Every gold shop will buy 1 baht of gold....this happened to me I came with 5000usd and stayed for 4 straight years I borrowed from my wife's dad to get a ticket home.... got back grabbed the first job I could as a truck driver then saved and bought a truck and covid hit transport rates went nuts and I'm back now with 14mil baht I can easily make it to 62 when I get social security.
Thanks for sharing
Remember you are only a Walking ATM machine out there
Guy's are walking ATM'S in every country. No money no honey in every country.
Hello !
Many thanks for your advice.
Based on your experience, how much money is needed for a 55 years old foreigner to retire in Thailand ?
th-cam.com/video/NzcXLm-Oiu4/w-d-xo.html
Have a look at this video you can live on a small amount. If your looking at City life bars booze and entertainment then it would be double this cost. It is hard to put a figure on your question without asking what lifestyle yore after it can be as cheap as chips or very expensive all depends what your looking for.
Thanks for your question not sure if I have helped but its a start.
Enjoy
depends were you live, Pattaya $1000 a month more
Abacus might be a starting point !
@@MrNodrog64 have a pc now , lol idiot
a lot
Very good advice for anywere in the world, wannabees actually.
Thanks for watching and taking time to comment.
Tell us about the T shirt Les, propeller and looks like 1956.
Bought from BIG C nothing special.
Wow what a story
It is and he was 100% not a nice man. Thanks for watching,
I'm here living on my pension and rental income from a house I own in the UK, plus savings. I enjoy my life here but I live to a budget. There is a reason why they say " alcohol brings out the devil in you ".
Well done Jim living on a budget is the way to go live within your means and go above it at your peril. If the Thai girls wants you to invest in anything it is you who will loose not the girl she is playing with your money but some ventures work and everyone is happy.
It's like retirement everywhere,
Still have to find purpose.
Sounds like your acquaintance had the makings of a good life, partner, business,friends.
What a mug.
Credit to him for making good on his debts though👍
He did have a nice hard working girl who was clever and not a taker, she worked very hard to make this business work it was her partner who let her down, Alcohol can destroy anything good. Sadly Alcohol has broken many relationships here in Thailand.
Almost every story on tinternet is about male expats. What’s it like for a solo female retiree with a reasonable pension ?(+ state pension in a few years time) thanks
Good afternoon Heather, well I can tell you a little bit about this as we were friends with a single lady age 50 plus, who lived here for 5 years. I was her go to person for repairs and information. Her son lived here but he was not the dutiful son if you get my drift. He did nothing for his mum but cause her grief. We took this lady to many events we went to and even took her on Holiday with us a few times as she was lonely living here as a single woman. She was overweight and did not like the Thai men as far as being with one full time, she thought she may of met a western guy here but the odds were against her sorry to say. She bought her own house (was put into his sons gf thai partners name ) with a pool and called it her dream home. but things went against her, she stayed indoors because she could not stand the heat with the Aircon on all day had six dogs which were her only company and as the years went by she became more lonely and she moved to Spain after living here for about 6 years. In my opinion its a tough place for a lady to live here.
I hope this answers your question but if you want to know more send me a email to
lesliepearson58@yahoo.com
Poor old Oliver Kahn getting a bad wrap here. His face keeps appearing when you mention the man was in a terrible mood.
Challenges are everywhere in life.
That is so true, life is an obstacle course and everyone takes part in it there are many ways to get to the finish line.
It's lovely that everyone here is sharing their concerns with honesty and look out for one another. I keep 3 places,
Bkk, Lumpang and Las vegus. Upkeeping just about the same. My two
cents..for all men that..
Looking for love..if you have to buy affection...
Run! unless that's how you roll. Love yourself..breathing through your own nose
Enjoy..at peace...be happy.
Wise words thanks.
Realise that:
UK bank accounts are only covered to £85,000
EU bank accounts are only covered to Euros 100,000
Thai bank account is covered to 1 million baht.
One might consider keeping Thai baht gold in Thailand as insurance.
He had no money living on Credit is doomed to failure.
What do you mean by Thai bank account is covered to 1 million baht?
@@Me88230 If the bank goes bankrupt the government cover the account up to 1 million baht.
🙏⏰👙💰👄👧👇
th-cam.com/video/3XRBulximIw/w-d-xo.html👜
@@Me88230 anything over that amount Bail in banks can take it you be fcuked
If you’re gonna go broke
Stay home and save the air fare
Nobody has the intention to go broke some people are oblivious to see what is happening in front of their eyes.
The gold shops always have money to buy dosent matter how much you want to sell
Perhaps they were being polite in saying they do not have enough or felt uneasy who knows but they did not sell it in the gold shops near the original shop.
I know in Jakarta, if you got a small business, you gotta work 24/7.
Nothing should be too much trouble.
None of this… we are shutting in 10 minutes so we can’t help you type attitude.
Long hours little profit in Asian country's