One’s greatest strategy to eliminate existing diseases and prevent future diseases that accompany aging is to change your eating habits. January 2022 - October 2022, I lost 73 lbs, got off 7 medications I had been on for years and had the best blood test results ever. I changed the food I ate, ate one 2k meal a day and walked 8 miles every other day. Two years 9 months later, I still follow this lifestyle.
I'm lucky (or planned well). I own my home and own my car and have no credit card debt. It took me the last 10 years of my working life to achieve this. I'm now retired, and my income is my social security and interest on my savings is a few hundred more than I spend. But it was a 50-year effort. If I were to move out of the US would be to Thailand. But at 69 years old now I have too many health issues to be able to walk to my needs. I would have moved from Nashville, but Vanderbilt Hospital takes care of all my health needs. Life is good. If I was in my 30's like you Alex, I would have moved. I'm delighted to know you and I'm very proud of the traveling you have done since I met you. Thanks for your friendship and love your TH-cam channel as it keeps me close to you and share in your wonderful point of view.
I tend to believe, "If you work hard enough, you create your own luck" :) You worked very hard in your life. Nashville is a great city, I think many of us have this tendency to want to try something different than where we are from. I'm fortunate and happy to know you too Scott :)
I want to say 1 million dollars but that's not a lot of money considering how high inflation is around the world, and especially in America. 1 million might still be enough for Thailand especially if you invest some of that into other assets.
If you're in mid-high yielding funds and real estate there is no reason you should be losing money every year. I live off my rental income from my properties and my assets continue to go up in value without ever having to sell off anything, the 4% rule is outdated with the amount of diversification available in todays world.@@zackwaffen9210
@@zackwaffen9210 It is assumed that the amount would be invested. I retired early on a $1M diversified stock portfolio and it is now worth $2M. Stock markets have increased significantly but developing countries are cheap so my withdrawal rate is very low. Obviously, I didn't have any guarantees that my portfolio would double or even increase. But I knew that I would be just fine given my low cost of living abroad. None of us who retire early on $1M have the money stashed in our pillows. Most people invest it in either Bonds, Dividend Paying stocks, Growth stocks, diversified portfolios, Real Estate, etc.
Your next video could be what you think is the future of remote work. So many want to be digital nomads but with the rise of AI and deep learning, the number of jobs will decline and competition for those still around will be fierce. Oh, and in case I forgot, vloggers in the Phils seem to have more subscribers and hits than those in Thailand, which seems packed as hell with vloggers, wannabe vloggers and digital nomads (or those who say they are).
The Philippines is definitely appealing to me. I had internet connection issues when I was there 4 years ago. I'd like to go back but I worry about being able to upload. That being said, plenty of PH vloggers seem to upload consistently without issues. I'll likely end up over there if I don't get a job back in the States this summer.
Everything you said make sense. Ive seen too many blogger who pack up theirs bag and travel to ASEAN with less than $1000. We have have one girl who went viral for being homeless in thailand with $7 to her name.
Like others have said, you can get a 7-8% yield or higher IF you dont mind the "non-esg" sectors like oil, mining, tobacco, etc......but thats not for everyone
Thai passport holders often have troubles getting visa from developed nations. However, Malaysian passport holders do not seem to have so many visa problems. It is important to keep in mind when dating in a foreign country.
@@EasternDreamer615 I think if you taught yourself how to do options you could make a higher yield than that. It may take some time, but you can absolutely build a good portfolio for it with the amount of money you are talking about. You can also go into some of the more conservative options funds or BDCs that are on the market.
@@igobyplane If you have a dividend portfolio, the yield is whatever the portfolio generates. Now, if someone wants to only spend 4% and reinvest the rest, that is up to them.
1000 is a week's rent for my expat friends living in SE Asia. 2 bedroom flat, 800 square feet nothing special by Western standards. Ok so I appreciate when you say "SE Asia" you don't mean Singapore, even though of course it's one of the 11 countries that make up the region. So are the other 1O broadly homogeneous? And are people's requirements all the same? For me 1500 isn't going to be "sufficient" in Thailand or Malaysia which are the 2 I'm interested in having lived in both and called Asia home for 30 plus years. And not because I'm eating caviar everyday and driving a Bentley.. So while it's definitely possible for some people I don't think it's one size fits all, it's not just where you live it's how you live. I also feel like a lot of the budgets I see miss out a lot of things and aren't always that comprehensive.
@willsmith39 $1000 a week? Are you on crack? 😂 if your friends are paying $4k/month on rent then they are getting ripped off, or they have unnecessarily ridiculous spending habits/living lavishly.
Good to have some margin between your monthly expenses/income. Just my 2 cents you can yield a lot higher with different dividend funds or adding some CC funds and if you have some real estate you wouldn't need to worry about withdrawing anything unless your meaning withdrawing dividends monthly but not selling your assets. Just curious which Visa are you using for long term stay me and my wife are planning to go in the next year or so.
Thank you for catching that! I should have clarified, I'd only be living off of the dividends and not touching the principle. I'm using the ed visa, which I'm hearing is limited to 2 years.
Awesome! Have you considered the elite visas? I looked at them, but the price point has gone crazy, PH has a nice retirement visa option available to us younger people also.
I think the elite visa is a bit expensive for my taste but I can certainly see the appeal! I suspect I may end up moving to the Philippines long-term due to ease of visas for Americans.
Medical tourism is what brought me to Thailand for the first time 6 years ago :) I had a wisdom tooth removal in Chiang Mai and fell in love with the place.
great video
Thanks so much :)
One’s greatest strategy to eliminate existing diseases and prevent future diseases that accompany aging is to change your eating habits. January 2022 - October 2022, I lost 73 lbs, got off 7 medications I had been on for years and had the best blood test results ever. I changed the food I ate, ate one 2k meal a day and walked 8 miles every other day. Two years 9 months later, I still follow this lifestyle.
Thank you for sharing your experience! I had a great time with Keto earlier in my life and am open to go back to it.
I'm lucky (or planned well). I own my home and own my car and have no credit card debt. It took me the last 10 years of my working life to achieve this. I'm now retired, and my income is my social security and interest on my savings is a few hundred more than I spend. But it was a 50-year effort. If I were to move out of the US would be to Thailand. But at 69 years old now I have too many health issues to be able to walk to my needs. I would have moved from Nashville, but Vanderbilt Hospital takes care of all my health needs. Life is good. If I was in my 30's like you Alex, I would have moved. I'm delighted to know you and I'm very proud of the traveling you have done since I met you. Thanks for your friendship and love your TH-cam channel as it keeps me close to you and share in your wonderful point of view.
I tend to believe, "If you work hard enough, you create your own luck" :) You worked very hard in your life. Nashville is a great city, I think many of us have this tendency to want to try something different than where we are from. I'm fortunate and happy to know you too Scott :)
I want to say 1 million dollars but that's not a lot of money considering how high inflation is around the world, and especially in America. 1 million might still be enough for Thailand especially if you invest some of that into other assets.
Thank you MetalGear, I should do a video on a hypothetical $1,000,000 portfolio at 3% = $2,500/month
@@EasternDreamer615you would be still losing money every year as long as you are spending the 3%
If you're in mid-high yielding funds and real estate there is no reason you should be losing money every year. I live off my rental income from my properties and my assets continue to go up in value without ever having to sell off anything, the 4% rule is outdated with the amount of diversification available in todays world.@@zackwaffen9210
@@zackwaffen9210not if its invested
@@zackwaffen9210 It is assumed that the amount would be invested. I retired early on a $1M diversified stock portfolio and it is now worth $2M. Stock markets have increased significantly but developing countries are cheap so my withdrawal rate is very low.
Obviously, I didn't have any guarantees that my portfolio would double or even increase. But I knew that I would be just fine given my low cost of living abroad.
None of us who retire early on $1M have the money stashed in our pillows. Most people invest it in either Bonds, Dividend Paying stocks, Growth stocks, diversified portfolios, Real Estate, etc.
Your next video could be what you think is the future of remote work. So many want to be digital nomads but with the rise of AI and deep learning, the number of jobs will decline and competition for those still around will be fierce. Oh, and in case I forgot, vloggers in the Phils seem to have more subscribers and hits than those in Thailand, which seems packed as hell with vloggers, wannabe vloggers and digital nomads (or those who say they are).
The competition is already fierce.
The Philippines is definitely appealing to me. I had internet connection issues when I was there 4 years ago. I'd like to go back but I worry about being able to upload. That being said, plenty of PH vloggers seem to upload consistently without issues. I'll likely end up over there if I don't get a job back in the States this summer.
Everything you said make sense. Ive seen too many blogger who pack up theirs bag and travel to ASEAN with less than $1000. We have have one girl who went viral for being homeless in thailand with $7 to her name.
That's a sad story, I'm unfamiliar with her specific case but certainly, we've all seen some of the cases of broke expats on TH-cam.
Can you share your dividend stocks?
Like others have said, you can get a 7-8% yield or higher IF you dont mind the "non-esg" sectors like oil, mining, tobacco, etc......but thats not for everyone
Thai passport holders often have troubles getting visa from developed nations. However, Malaysian passport holders do not seem to have so many visa problems. It is important to keep in mind when dating in a foreign country.
That's a fair point! Thank you for sharing your thoughts.
Well, that's because certain Thais can try to work illegally in select countries like Korea.
Life Happens, Budget for the Unexpected
100% good advice matt!
No man, 4% is way too low. You can yield higher than that.
What % are you thinking?
@@EasternDreamer615 I think if you taught yourself how to do options you could make a higher yield than that. It may take some time, but you can absolutely build a good portfolio for it with the amount of money you are talking about. You can also go into some of the more conservative options funds or BDCs that are on the market.
For sure, you definitely can. BUT those high yielding stocks are in sectors like oil, mining, tobacco.....areas he may or may not like
4% is not on yield. It is the investment withdrawal rate.
@@igobyplane If you have a dividend portfolio, the yield is whatever the portfolio generates. Now, if someone wants to only spend 4% and reinvest the rest, that is up to them.
$1000-$1500 for 1 or couple is sufficient in SE Asia. For a retiree couple, SS check ($2000+) would be sufficient.
1000 is a week's rent for my expat friends living in SE Asia. 2 bedroom flat, 800 square feet nothing special by Western standards.
Ok so I appreciate when you say "SE Asia" you don't mean Singapore, even though of course it's one of the 11 countries that make up the region.
So are the other 1O broadly homogeneous? And are people's requirements all the same?
For me 1500 isn't going to be "sufficient" in Thailand or Malaysia which are the 2 I'm interested in having lived in both and called Asia home for 30 plus years. And not because I'm eating caviar everyday and driving a Bentley..
So while it's definitely possible for some people I don't think it's one size fits all, it's not just where you live it's how you live. I also feel like a lot of the budgets I see miss out a lot of things and aren't always that comprehensive.
@willsmith39 $1000 a week? Are you on crack? 😂 if your friends are paying $4k/month on rent then they are getting ripped off, or they have unnecessarily ridiculous spending habits/living lavishly.
Good to have some margin between your monthly expenses/income. Just my 2 cents you can yield a lot higher with different dividend funds or adding some CC funds and if you have some real estate you wouldn't need to worry about withdrawing anything unless your meaning withdrawing dividends monthly but not selling your assets. Just curious which Visa are you using for long term stay me and my wife are planning to go in the next year or so.
Thank you for catching that! I should have clarified, I'd only be living off of the dividends and not touching the principle. I'm using the ed visa, which I'm hearing is limited to 2 years.
Awesome! Have you considered the elite visas? I looked at them, but the price point has gone crazy, PH has a nice retirement visa option available to us younger people also.
I think the elite visa is a bit expensive for my taste but I can certainly see the appeal! I suspect I may end up moving to the Philippines long-term due to ease of visas for Americans.
For a young person, a 4% withdrawal rate is too high. Do a Monte Carlos test to determine how long your money will last.
That's totally fair, I'm thinking more like $600k at 3%
Healthcare in Thailand in general is pretty cheap and good compare to America. Medical tourism is a thing in Thailand.
Medical tourism is what brought me to Thailand for the first time 6 years ago :) I had a wisdom tooth removal in Chiang Mai and fell in love with the place.
If you can't afford travel insurance, you can't afford to travel. I've used IMG.
I'll take a look at IMG, I can't recall what I used in Chiang Mai 6 years ago