How to live like a MILLIONAIRE on $50 a day!

Although it may be crass to say, MONEY is everything in this world-by having money, you have the FREEDOM to do most anything you want. You're fortunate to live in the West where you have the opportunity to earn and save sufficient capital to last a lifetime. Even if you don't have a lot, most Western countries' governments will guarantee a monthly pension of around $1,000 (USD) beginning in your early 60s.

And while not much in your home town, it is A LOT in Pattaya, Thailand.

Here's what I mean:

Sample monthly budget based on $50 day-

Housing (including ALL utilities)-$300

Food-$180

Transport-$20

Entertainment-$500

Misc/Everything else-$500

Not bad, eh!

1/3 of your budget is going towards entertainment which is A LOT of SANOOK (fun) in Pattaya, Thailand!

While our budget of $50 a day exceeds the $1,000 monthly pension mentioned, a little tweaking in the entertainment or miscellaneous categories could bring it in-line. Or, having $100,000 in savings at 6% yields $500 per month thus putting you at the $50 figure.

Lastly, consider having a 'travel fund' for an annual trip or two back to your home country. I recommend keeping this in a SEPARATE bank account--it's too easy to spend it!