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RETIRE TO PATTAYA, THAILAND NEWSLETTER
http://www.retire-to-pattaya-thailand.com
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The
25% formula for Pattaya retirement
Issue 102
Dear fellow Pattaya lover,
Continuing last week's topic
of 'How much do you need?' to retire in Pattaya, I used $1500USD a month.
And for most of us, this is an excellent
'income' goal as it provides an ACHIEVABLE, comfortable lifestyle in Pattaya.
But, you're asking, HOW do I get it?
A
few thoughts:
Most Westerners will be eligible for a private or public pension starting around age 60.
There's
many variables but you can probably count on $1,000USD a month, ADJUSTED for inflation.
So, we're still $500 short
but YOU do have some savings...?
How about a house that's skyrocketed in value the past few years that can be sold?
What
about selling some of that 'junk' in your closet?
Here's a simple formula to ensure you'll ALWAYS have AT LEAST the
$1500 I mentioned--
Take your 'GOAL', in this case the $500 shortfall from your pension, multiply by 12 months, then
by 25.
Example--$500x12=6000 then $6000x25=$150,000--VOILA!
So you NEED $150,000 to SAFELY generate the $500USD
MONTHLY INCOME stream, adjusted annually for inflation.
Albeit this is NOT a HIGH rate of return (4%) on your money,
but this is SAFE, adjusts for inflation, AND will last your lifetime.
Bottom line--A $1000 monthly pension plus your
nest egg of $150,000, and you've got it! A GUARANTEED comfortable lifestyle in Pattaya!
Now, how about if you don't
have much in savings? Or, are seeking to retire at a 'young' age?
Some ideas:
I suggest developing MULTIPLE
streams of income. First, take your savings--apply the formula above.
Next, THINK about a PORTABLE BUSINESS you could
operate in Pattaya (See my Jobs page on the web site for ideas).
Lastly, consider 'partially' retiring. Spend six
to nine months in your country earning the BIG money,
and the remaining months overseas.
Last suggestion for ANY
retiree--Establish a SEPARATE account from your daily expenses to fund an annual
trip back your country. Inevitably you'll
probably need to fly back for various reasons.
Regarding the web site, I've made several additions:
1-Registered
the domain name: http://www.retire-to-pattaya-thailand.com Bookmark-it now!
2-Added a page on jobs and earning money
in Pattaya
3-Added more apartments, with pricing, to the Housing pages
4-Added a couple of more news links on
the Daily News page
5-Added more ideas on day time activities. Their is A LOT more to Pattaya then drinking, nightlife,
etc.
6-Added a Cheap Calling Card page. I use this particular calling card site for the cards I use EVERYDAY--They're
great quality with cheap prices!
Until next time,
Your fellow Pattaya lover
PS: Please do me a favor--If
you know someone else thinking of visiting or retiring to Thailand, refer them to my site.
And forward this newsletter
freely.
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