TOP 10 MISTAKES NOT TO MAKE WHEN MOVING & RETIRING TO THAILAND IN 2024,,, PROTECT YOUR MONEY!!!!
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- เผยแพร่เมื่อ 30 พ.ค. 2024
- hey guys first off let me apologize the original version of this video release did not have the description not sure how it didn't get loaded,,,,
it's amazing how many mistakes people make and the things they just don't think about when they're moving to another country...
I understand it's a crazy exciting experience and people tend to think about all of the good stuff but they don't think of these small mundane things such as,,,,
taxes bank cards insurance etc
so here's a list of my top 10 things that I would do before I even move to Thailand to protect myself financially...
here is the link to the new insurance company,,,,,
asiapass.lumahealth.com/?b=fe...
You are correct. The piece of processes is pretty straightforward. You don’t need to pay anybody.
Cheers mate 🍻
Thanks for watching and commenting
Yeah I never bought Crypto as I don’t understand either…. But I enjoy listening to your advice Doc
I appreciate that!!!!
I truly don't understand the whole crypto thing I really don't I know I've missed out apparently on making tons of money over the years but I just don't get it.....
Cheers mate 🍻
Thumbs up 👍 Mark
Cheers Mango 🥭
How all is well
Having an extra ATM card is priceless. One guy was in Bangkok, and he had his ATM card in his back pocket. He probably sat down 1000 times with the ATM card in his back pocket, but the 1001 time he cracked his only ATM card. Dude was behind the eight ball. He had to Western Union himself some money and wait for his bank to send him another ATM card. This Is some great advice. THANKS!!!!
As long as you have your debit card 16 digits, pin #, and security code Thai banks will let you withdraw $$ if you walk in and speak with a banker. If you lose your debit card you can still go to a bank and withdraw $$ with your credit card by doing a credit card advance.
This actually happened to me but what happened was I got this weird and this is going to sound hilarious considering I'm in Thailand but I got this weird bump on my card....
Lol
And it gets stuck in the machine sometimes thankfully it has my name on it so when that happens I can just go into the bank and get it back
However I can tell you it's complete pain in the ass....
Lol
Cheers mate 🍻
That's good to know....
And of course the credit card advance option is always there....
Cheers mate 🍻
Great Video Mark …Financial Knowledge is the Key to being able to Enjoy your Retirement over here in SE Asia no matter where you are! 🥃🤙🏻🍺
💯 brother
Cheers 🍻
Live your best life !
That's the plan man
That's the plan
It's so easy to do if you just plan ahead.....
Cheers mate 🍻
My two cents on retirements visas; for your first one go with a reputable agent to walk you through the steps. Mine cost about 33000 baht but it went through with no problems and much less stress for me. Next year it should only be 1900 baht plus some paperwork.
Any pointers on how to obtain a reputable agent? Can it be done before leaving the states?🙏🏻
Thats my plan for the Philippines. The first time i show up i have too many things to focus on to have it ruined because of a missed page or typo. Once I'm there I'll take the time to do it myself because things like finding an apartment are already done.
Nah. Always did it myself, six years. Last years switched from OA to O Retirement Visa.
Again I understand why some people would want to use an agent to get their visas but man you're paying over 17X what you should be....
I'm going to repeat that because that bears repeating......
17 TIMES WHAT YOU SHOULD BE PAYING......
I guess the way I look at it is if you're coming here and you fully understand how important the Visa situation is I think that is something that I would want to research so that I fully understand it...
Again some of the people that I've seen who have successfully gone through the process completely by themselves you would be surprised at these people can even turn their computers on....
Lol
And believe me I'm the dumbest guy you're ever going to meet so I'm not making fun of these guys I'm just telling you the truth about how easy it is to do it yourself......
Hi Rebecca,,,, that's my trouble is finding an agent that you can fully trust....
Let me see if I can get you a contact...
The audio in these videos (microphone especially) goes up and down so much (sometimes it sounds like you're talking in a tin can and then it sounds like you're using a full range Rhode mic) ...can u look into that please? I want to continue enjoying all your videos...
The sound is fine.
@@anthonylutz118 im sorry then you dont know audio - i explained what has been going on for the last few videos clearly. It seems like a short in the mic connection.
I dont want to argue here, I am a big fan of the channel and a fellow Canadian 🤩 Im just trying to help is all. 🙏
Hey Funkbringer,,,, brother I know
I have been trying to sort out the mic situation and the production issues...
Here's the trouble to be honest with you....
I have tried about 5 different mics....
This video was recorded using a Beats Studio Plus headset....
That's how discouraged I am at finding the right mic
Also please keep in mind that a lot of these vlogs I'm talking about stuff that I can't really do outside,,,,, so I do end up doing them here in my office and then adding the screen obviously....
So it does have that tinny sound because of the concrete walls...
But also I think there's something going on in the app that I'm using to create the video itself...
Because again as you said some of it sounds fantastic and then other parts not so,,,,
I'm trying to find the right set up
Here's the worst part okay,,,,,,
To make a video like this I know it's about 30 minutes long but it takes me about four or five hours to record the actual sections...
Some of these I do hundreds of takes and you'll get one take that you really like but maybe the sound isn't perfect......
But you don't want to redo it because you know you won't get the same take again.....
So please if you can bear with me I'm trying my hardest to sort out the audio I thought this one was actually pretty good but now that I've listened to it on a friend's iPhone there is one or two spots that is not the greatest....
Only enough on my Samsung it sounds fantastic and it sounds great on my Huawei....
Hmmmmm
Lol
Again mate I'm trying here......
Thanks for pointing it out I appreciate the help mate 🍻🍻🍻🍻🍻
@@whyhellotherewithdrmarksabean I think that a table top USB microphone will solve this problem for you for when you are recording inside... Then you will have consistent beautiful indoors audio
Nice one dr. The only thing I worry about is apps not working properly after a while with my phone & cards expiring / not working. I have a good insurance cover that I’m in process of renewing , it’s gone down 10% for coming year. I also have additional accident cover too just in case ..
My banking apps have never dropped ...and my cards will expire eventually but, the banks will notify me and mail my new cards to me even here in Thailand.....
Cheers mate 🍻
@@whyhellotherewithdrmarksabean yes I need to advise one bank and one provider. Have 2 yrs left until expiry date
@@whyhellotherewithdrmarksabean I mean also if I get a new phone , have to ensure all apps tf. I do have the uk sim still in case of issues 🙏
Cheers mate 🍻
Great Video Doc 😊. Very good information about the card's and ATM problems 👍.
Keep the video's comin.
Stay Safe 💕 💞 🙏 🙏
Cheers Ricky
Hope all is well....
Cheers mate 🍻
Thank you.
Hey Peter
Thanks for watching and commenting
Hope you got something from this...
Cheers mate 🍻
Have a blessed day
Why hello again Dr. Marc…… I thought this was a very informative video…… Kind of got me thinking that I better get started and get my ducks in order so I feel more like a competent traveler.…… Hope you were taking all of your own advice…… Watch your back but never turn your head all the way around and look because somebody may be gaining on you.
Yes you better get on it asap otherwise we'll never get to catch a Thai sunrise sipping wine from the night before,,,,,,,
Crypto to fiat -> open a bank account. Connect bank account to a crypto exchange. Send crypto to exchange, convert it to local currency. Withdraw money to bank account.
THIS. Also: Paypal offers Crypto services in many countries (and the magic vpn)
Thanks Duke....
How the heck wouldn't people with crypto know this????
Lol
Cheers mate 🍻
That's cool....
Thanks Odin
What crypto "exchange" in Thailand I believe is the real question was being asked.
That was the question....lol
Still have no idea.
Well done ,,video,,i,,will,,treasure,,your,,valuable,,information,,!!!😊
Thanks mate
I appreciate that
Hope you got something from this....
Cheers mate 🍻
Thanks Doc for those advices. Great video as always . I can't wait to move in September.
Can't wait to buy you a beer when you get here!
Cheers mate 🍻
Check your ins policy to make sure motorcycle accidents are covered.
If you have the proper endorsement on your licence you should be covered....
But that's a great tip for people to check
Cheers mate 🍻
Saved in my Thai Travel playlist. Most of the videos in there are from you TBH. Thank you as always for sharing your experience and insight, Mark. 💯 BTW: Please add the link to your video description as you said in the video ;)
Hey Odin that's awesome Mate (Not Bro) thank you very much...
And yes for some strange reason the description did not get uploaded I have fixed that and the link is now there...
Cheers mate 🍻
very informative video as always Doctor thanks so much for sharing this informative video , these days the weather is perfect in shanghai 27 degres🎉
Hey Matt I'll be in Shanghai this weekend....
I'll reach out soon on LINE
Cheers mate 🍻
@@whyhellotherewithdrmarksabean perfect Doc wait for your message
In addition to the 220baht atm fee atm give you a lower exchange rate than the bank if you exchange cash for thb
Thanks for the tip
Cheers mate 🍻
This difference in exchange rate can be 6-7%, if withdraw the typical max 20-25k thb this charge can be quite significant more than the 220fee
Very nice and informing video. At least this time i can say everything is already on my list for the future. :D You highlighted the point well, know the value of your money and how mutch you are spending!
The Pringels situation,.. my thoughts would be that they are prob. Produced in Asia for that Marked and Heat went up year after year so potato production needs more Water in that region. And Water is in itself already a rare good at some places. So inflation + rising production cost´s would be my guess.
I do have a Question that is quite fitting to the headline. My plan is atm to write ~6+ real estate agents arround ~7 month before i start my retirement. Tell them what i want, when i plan to arrive and ask for meetings in the first weeks of my stay to make a long-term-rent for 1+ year. As i do want to see what i rent for sure. And arriving there with a condo for 1 month at the start of the low season. So arriving end of March and starting long term rent April-Mai!
You think that this is a good way to go into that or would you or other readers suggest a different route for the long-term rent property process?
Thx for the video and keep up the good work!
Yeah the Pringles thing really threw me for a loop to be honest with you
Oh well!!!!
Lesson one of the problems is finding a real estate agent here that's even going to respond to you....
If you watch my video that I did about the $500 pool Villa that I released last week that agent there he will respond to you he has places that are available and if he doesn't have what you're looking for he'll help you find it....
I'll be completely honest with you as a former realtor I'm blown away by how lazy the agents here on the island are it's hilarious....
I can also put you in touch with another agent if you would like to reach out to me through Facebook Messenger....
MARK SABEAN
Cheers mate 🍻
thanks as always Mark 👍👍. please put the link to your medical insurance company on 👍👍
It's in the description Paul...
Cheers mate 🍻
Lol
Apparently that didn't load up....
Hmmmmmm
Sorry mate it's there now!!!!
@@whyhellotherewithdrmarksabean cheers mate You deserve a much bigger audience btw. Your information, presentation and the fact you don’t go in about the bars all the time sets you apart.
It's funny Paul I'm actually doing a video about myself answering a bunch of different questions....
And yeah if I ran around acting like a complete idiot I'm sure the audience would grow and grow and grow but I can't complain about how it's growing organically....
Cheers mate 🍻
@@whyhellotherewithdrmarksabean being yourself. You can’t be no else. 😊👍
Thumbs up, but after all that who can be bothered going through all that at an older age ?
Hey Danny it's actually pretty easy mate if you're properly prepared, and believe me it's well worth it to come here to Paradise.....
Cheers mate 🍻
14:15 Here you mention the local SIM card and banking. Do the Thai 7-11 SIM cards you use allow for texting which would allow your Canadian bank to send a one time passcode to you?
Hey bro yes they do!
All you need to do is update your contact information with your Canadian bank.
I have everything back in Canada linked to my Thai SIM that I obtained at a 7-11
Cheers mate 🍻
@@whyhellotherewithdrmarksabean Amazing deal you found there. Thanks for sharing 🙏.
Cheers mate
Have a blessed day
How do you open a bank account in order to deposit money for the retirement retirement visa the banks I went to told me you need to work permit a bank account.?
If you have a retirement visa you are allowed to deposit....
This is why you need to talk to immigration they will explain to you how to set up the accounts and the paperwork you need to be able to setup an account
Cheers mate 🍻
I raise my beer to u Mark 🍻
Cheers mate 🍻
@@whyhellotherewithdrmarksabean - good info! Just wait till the US drops the fed rate...omg!! Get ready for the ratio to hit 42+ 🎉🎉🎉 and I'll be there for it!
Lol
Cheers mate 🍻
@@whyhellotherewithdrmarksabeanMark, don't forget to tell people about the exchange scams... and to NEVER change at the airport. The BEST RATES are the kiosks that are next to 7-11 stores that are off the beaten path. And to AKWAYS Use NEW BILLS. They never take tattered bills.
Re visas. When I first arrived i used an agent helped me open bank account & got O visa 15 months. It’s expiring soon so using again , as my funds mainly are in uk at this time . Next year I’ll try do myself for 1900b instead of 20,000 b 😅 yes some are quite pricey too , I’m
Not lazy it’s just I don’t have access to ££ this time . Cheers Dr
I guess yeah if you don't have access to the amount needs for makes sense....
I just find it hard to justify paying over 10X more you have to....
Plus I want to know everything about my visa situation....
Cheers mate 🍻
@@whyhellotherewithdrmarksabean true , & always a nagging doubt that it may get rumbled , ie, not legitimately done. My agent has a ‘friend ‘ to assist
@@whyhellotherewithdrmarksabean but I know immigration likes accurately completed forms and they seem to embrace agents .. 😆😅
They always have friend,,,, lol
I would be too worried about getting scammed especially with a bank account .......
Some agents they do yes.....
Cheers mate 🍻
Insurance is important but for older gentlemen like myself, I can't get it because of pre-existing conditions. Get a Charles Schwab Bank account, zero ATM fees and no international fees
Hey Greg have you tried some local Thai companies?
Cheers mate 🍻
As far as I understand, the taxing only applies to you if you’re making money in Thailand, working in Thailand
No that is totally incorrect.....
Sorry mate
I don’t see the link for your insurance provider in the description yet…
Hey Mate
Sorry it's there now for some strange reason the description never got uploaded...
Grrrr!!!!!
Sorry mate 😔
@@whyhellotherewithdrmarksabean you’re good, thanks 🍻 I’ll have to weigh out travel insurance vs Thai insurance for a 6 month discovery trip.
Very wise brother very wise look at all the different options that you have the different coverages etc etc.....
How to convert crypto to fiat?
Do it just like you would convert your shares, sell on exchange(Coinbase, kraken..), withdraw to your bank account.
When you have money in bank account you can withdraw via ATM anywhere.
Another alternative is p2p, from private wallet to private wallet. But you need to find someone who wants your crypto....
Thanks Guru.....
It seems that a lot of people don't know how..... myself included obviously....
Lol
Tha is mate helpful tip
Cheers 🍻
There no VAT on Thai gold doc 👍👍👍
😊😊😊
Do you know how much over spot they sell for and how much under the dealers buy for?
I got this directly front the Thai government site
What are LUXURY GOODS?
Luxury Goods are jewelry, gold ornament, watch, glasses, pen, mobile or smart phone, laptop or tablet, handbag, belt, which value of 40,000 Baht or more per item. Carry-on goods are goods which value of 100,000 Baht or more per item, for example; keychain, hair accessory, pin and brooch, cufflink, shoes, sneaker, jacket, wallet, purse, scarf, etc.
No clue
I wish I did ......
For those who didn't get the sarcasm - its a typical tuck tuck scam they will take you to a low grade jewery shop and tell you you get very very very low price because there is no VAT for you as you are a forigner.
Great advice but fix the audio dude!
Trying to fix the audio
It's a work in progress
Sorry
Schwab reimburses fees but how good is the exchange rate? Is that decided by Schwab or by your Thai bank?
Hey George, I believe it is determined by the daily exchange rate,,, I could be wrong but I've not heard of anyone complaining about the exchange rate with Schwab,,,,
But I can't say 💯 as I don't have one
😢
Maybe contact Schwab?
Sorry I wasn't more help on this one.....
You get that day’s Exchange Rate…It’s the Best Debit Card to Have been using by it 7 years myself and Nothing else Compares!
@@worldlydestinationsthanks!
@@whyhellotherewithdrmarksabeanthanks!
Thanks bud!!!!
Crypto Explained: Workin' hard to get my fill. Everybody wants a thrill. Payin' anything to roll the dice just one more time. Some will win, some will lose, Some are born to sing the blues Oh, the movie never ends, it goes on and on and on and on.
Crypto is like gambling with the Gambinos, it's an unregulated crap shoot; chances are you're gonna get hurt.
Lol
This is exactly why I have no Crypto.....
Lol
So many people do and again, it appears that a lot of the people that are holding crypto have no idea how to convert it to cash in certain countries....
Cheers mate 🍻
Get some xrp and physical silver
Silver is taxed in Thailand I believe, why so Bullish on ripple, yes everyone should get some silver.
But how does someone convert the XRP to cash?
What cirree ch exchange would they use....
And yeah I'm likely not gonna be dragging bars of silver around
Lol
Cheers mate 🍻
I got a stash of silver that I will keep in the States as a type of inflation/currency hedge. @@whyhellotherewithdrmarksabean
The good DR complaining about Silver being to heavy to care around is a bullish tell to silver. I wonder if you every heard the Og Roman plebes complain about silver being to heavy to walk around with? @@whyhellotherewithdrmarksabean
Can't understand what your saying, bad sound. Now the sound from the water fall sounds like static 😮
Sorry mate I didn't think it was that bad I will remove all of the background sound from the videos from now on when it's just a vlog like this again my apologies it's a learning process....
Cheers mate 🍻
It’s not thousands and thousands of dollars to hire a visa agent it’s 1,200.00 tops,and they do virtually everything including opening a bank account for you 🤷
Depends on the Visa Man!
It most certainly can be thousands of dollars....
I've talked to many people who have been charged unbelievable amounts to do it.....
And again if you do not have the proper Visa you should not be opening up bank account here...
Sorry but it can be thousands,,,,,,,,
Typically it gets into the thousands when the agencies are doing more than what they should be doing if you know what I'm saying.....
Thanks for watching and commenting
Completely true,,,, it also depends on what that agency is doing to help facilitate your Visa.......
Crypto is useless in real life. By the time you buy crypto in your currency and then cash it out into local currency in Thailand or elsewhere - you will lose like 20% on exchange fees and commission; plus you are risking getting scammed by all sorts of crypto gangsters.
If you lost 20% in exchange fees you have been scammed.
@@ideaphile I didnt lose anything because I didn't do it. We researched it and there is no way to do it efficient under less than 20% loss. Anyone who says otherwise is a shameless shyster.
totally incorrect probably because you have never done it. crypto -> stablecoin -> usd -> bank account. The USD is converted to Baht at whatever the bank's rate is at for that day.
@@duke9657 We are talking here about a tourist who comes to Thailand or somewhere else and doesn't have a local bank account and wants to get hard cash.
Moving money from one bank account to another - you don't need crypto for that!
Watch crypto hulk mate buy xrp and hold it off the exchange
But we thought you betrayed on Thailand and moved to Cambodia!?
Huh?
Lol
Not sure what you mean Mate,,,, 🤔
Not sure at all....
Most certainly haven't betrayed Thailand lol
I'm travelling and exploring
But not betraying a nd moving anywhere....
Showing people the world mate one country at a time......
Cheers 🍻
The audio in this video is horrible
I'm trying different mics
It's a work in progress sorry
Ths is for watching and commenting
I'm trying to get better
The usual great video.
Im a retired expat from the US livjng jn Thailand six years.
Tip - use wise for transfers to Thai bank account. They also offer debit card. Best exchange rate. Charge low fees.been using for years.
Thanks Bruce
I finally got my WISE account up and running ...
Hopefully it was worth it
Cheers mate 🍻
@@whyhellotherewithdrmarksabean Been using them for years. Hope it works out.