I am back in Bangkok this Thursday 16th May, staying in Thailand for a month this time specifically to find an area/condo to live in as I return in September to live. Just retired (yes, I am old) and have been planning this for some time. Your budget interested me as I’ve budgeted for 135,000 Baht per month to cover my living costs. Looks like I might be overshooting 😂
Thanks, but...healthcare, other insurance, savings (you are young), investments, furniture (replace a mattress, new lamps), electronics (new camera, drone, laptop), visa costs, language course, this and more is not included but is needed? 😊
That's a good one 👏 people usually don't think about all of those things and the worst part is when suddenly the lamp breaks at the exactly month than the microwave, TV... Or buy new towels, sheets, bed... In the end I think more siriously to live in Thailand like him, but in a hotel all included (even toilet paper)
Yep Sam! U nailed it ! Tired of seeing UA-camrs making video on cost of living under 1,000 or 1,500 a month! Ur cost of living is very realistic. As a foreigner living in Bangkok, true cost is between 2,000 to 2,500 usd a month.
I help people move abroad and for major cities in Thailand (Bangkok, Pattaya, Phuket, Chiang Mai) for a single guy I tell guys to live a lower upper middle class lifestyle you only need $2,500-$3,000/mo USD. Have minimum $2,000-$2,500/mo USD of income to relocate to Thailand. All these videos saying to live on $1,000/mo USD in Thailand IMO are absurd click bait. You can also survive on minimum wage in the USA but would you purposely choose to live like that while giving up your own culture, family, friends, and country? Their is a reason the Thailand government set the foreigner retirement visa monthly income minimum at 65K baht or $1,900/month which is also roughly the average monthly US social security check.
Online bank transfers for the rent and water I pay to the juristic office by a QR that they send to me, put it in my online banking app and paid in half a minute
@@inlovewiththailand he like 25 years old. From quotes I’ve run on the compare websites your looking at 1000-3000 usd a year for a 50 year old. Depends on how much coverage you want
Woulld you say if i want to stay in a decnet 2-3 star hotel and spend mod amount on food likee 700-800 bht on 2 meals a day, including food, trarnsportation and hotel, would you say i can surrvivve ethailand with $400 for 12 days inlcudinng food 2 meeaels a day, transportation and hotel and other expenses?
- nice video editing; - British English accent 👎 for me; - while most Thai people live on 10 000- 15 000 baht / month salary 😊; - I spent 15 000 - 20 000 baht / month when I worked in Bangkok + my company paid for apartment 15 000 baht, sim card and some travel expenses when I inspected hotels around Thailand.
I get that you're being really careful with your money, but sometimes it's worth spending a bit more to truly enjoy life. It's not just about existing, but living and making memories. If I spent 15k-20k baht a month I would be constantly be penny pinching
Finally a realistic budget. I’m so tired of these 50k budget videos. Now I would personally add about 15k more for my rent and multiply your $55 nightlife budget by 10 to give me another 15k and 6k for health insurance to give me a grand total of 110k a month budget. So props to you for giving a real number. I’ve always said 3k usd a month guarantee income to live proper. Now that’s my life everyone is different.
If need 100,000 baht per month adjusted for inflation you need £866,000 invested. If you need 200,000 baht per month adjusted for inflation you need £1,732,000 invested. This assumes that you want your money to last 30+ years. This assumes that someone wants to retire early and live on passive income.
1 million usd earning 5-6% and drawing at the 4.5% annual schedule is 120k per month, and each year you can give yourself a raise of 3%. Not sure where your math of 866 pounds would not be enough adjusting for inflation. 5-6% apy is actually been very low the last 10 years. A 50/50 portfolio has been doing 6-7%. Even a guaranteed annuity for life would be ample not that I would recommend that. Plus at 62 the government will pay you at least $1500 a month so you can throttle down the amount you draw.
@@BirdDog. Have you heard of the 4% rule? It basically means based on historical data you can with withdraw 4% from your investment portfolio and worse case scenario it would have lasted 30 years, adjusted for inflation. However I’m 45 years old and I might live until I’m 90, therefore 3% withdrawal rate, adjust for inflation is safer. I’ve also factored in that there might not be a government pension when I’m 67.
But I’ve seen quite a few insurance plans anywhere between 2000 Baht a month up to 10,000 + Baht a month depends on the coverage the premium, extras and your age too of course
Great video Sam! Especially For someone looking into a possible move to BK. One thing I missed in you video; how about insurances? I’m sure there’s health insurance? Any others like insurance for your property? Liability insurance? Would be great if you could share some insights on that.
Thanks for the video and info. Last year, I lived in the Jomtien area for 6 months and my monthly budget was $3K and that's with companionship with a regular Thai lady for 3x a week without buying any LDs and barfines. I did not eat any western food due way more expensive and been eating Thai food in the market. In my early 50's now, I was planning to retire but I changed my mind in the very last second and back to work again in CA, started from scratch. Will do this again, next year.
Great video. I was thinking of moving to Bangkok for a short while to give it a try, maybe 6 months to start. I will have a net income of around 125000-150,000 baht a month. On that kind of budget will i have to think much about my budget or can i spend quite freely? I am not into luxury goods, I am not a drinker or a smoker. Thanks!
6 months is a great start to get a feel for it and see how you like it, you’ll definitely be able to spend quite freely especially as you’re not into luxury things (same as me haha) and you don’t drink too so that helps 👍🏻
All for health and different things, for example, vitamin D for skin and immunity , Magnesium to improve sleep quality or a multivitamin just for all round health
You left out health/travel insurance. What happens if you our in an accident?? Motor bike/ crash ect. Night life is way off... or obviously you don't go out. 2000 baht lasts 3 or 4 hours .
I am back in Bangkok this Thursday 16th May, staying in Thailand for a month this time specifically to find an area/condo to live in as I return in September to live. Just retired (yes, I am old) and have been planning this for some time. Your budget interested me as I’ve budgeted for 135,000 Baht per month to cover my living costs. Looks like I might be overshooting 😂
You’ll be able to live very comfortably in Bangkok for that amount of spending per month haha
Is 65000 per month enough in Bangkok olz reply
great video! could you also do a video on the process to finding an apartment for rent as a foreigner? thanks!
Alright I’ll look into it !
Thanks, but...healthcare, other insurance, savings (you are young), investments, furniture (replace a mattress, new lamps), electronics (new camera, drone, laptop), visa costs, language course, this and more is not included but is needed? 😊
That's a good one 👏 people usually don't think about all of those things and the worst part is when suddenly the lamp breaks at the exactly month than the microwave, TV... Or buy new towels, sheets, bed... In the end I think more siriously to live in Thailand like him, but in a hotel all included (even toilet paper)
Thailand is the best!!
🇹🇭😍
Robinhood is cheaper than Grab Line and Panda.
Cheers for the tip!
Very informative video brother. But if you homecook i think your food expenses would be much less.
@@chandraprakashchourase8959 yeah I should really I’m just too lazy haha
Yep Sam!
U nailed it !
Tired of seeing UA-camrs making video on cost of living under 1,000 or 1,500 a month!
Ur cost of living is very realistic. As a foreigner living in Bangkok, true cost is between 2,000 to 2,500 usd a month.
Happy to hear that, thanks pal 🙏🏻
Depends where you are staying
Any ballpark for medical?
I help people move abroad and for major cities in Thailand (Bangkok, Pattaya, Phuket, Chiang Mai) for a single guy I tell guys to live a lower upper middle class lifestyle you only need $2,500-$3,000/mo USD.
Have minimum $2,000-$2,500/mo USD of income to relocate to Thailand.
All these videos saying to live on $1,000/mo USD in Thailand IMO are absurd click bait.
You can also survive on minimum wage in the USA but would you purposely choose to live like that while giving up your own culture, family, friends, and country?
Their is a reason the Thailand government set the foreigner retirement visa monthly income minimum at 65K baht or $1,900/month which is also roughly the average monthly US social security check.
Thank you🙏🏼
You’re welcome
What visas are you doing to remain in thailand and how much? Are you a "student"?
How do you make the rent transfers and for things like with the phone, water?
Pay to landlords bank or rental agent for rent & electric , water pay to juristic office
Online bank transfers for the rent and water I pay to the juristic office by a QR that they send to me, put it in my online banking app and paid in half a minute
Hey thats a really good price for the condo. Can you share the name of it?
There’s a whole video about it on my channel called “350$ luxury condo in Thailand” check it out
How about health insurrance? That's quite important.
Yeah I agree, but I’m still searching for the best one for myself if you have any suggestions or recommendations that let me know, cheers
Just grab a cheap pacific cross policy. Should be under $50 a month
@@BirdDog. wow that is cheap
@@inlovewiththailand he like 25 years old. From quotes I’ve run on the compare websites your looking at 1000-3000 usd a year for a 50 year old. Depends on how much coverage you want
@@BirdDog. yeah I’m 41 and those prices are pretty much the same as here in the netherlands
Woulld you say if i want to stay in a decnet 2-3 star hotel and spend mod amount on food likee 700-800 bht on 2 meals a day, including food, trarnsportation and hotel, would you say i can surrvivve ethailand with $400 for 12 days inlcudinng food 2 meeaels a day, transportation and hotel and other expenses?
Why am I not surprised you spend the most on food 😂😂 no judgey judges here ..yeah it is alot when you say it out loud
Haha I’m a foodie
@@Sam_tyler_ I use to hve shares in just eat and deliveroo 😏 ha ha 😂
- nice video editing;
- British English accent 👎 for me;
- while most Thai people live on 10 000- 15 000 baht / month salary 😊;
- I spent 15 000 - 20 000 baht / month when I worked in Bangkok + my company paid for apartment 15 000 baht, sim card and some travel expenses when I inspected hotels around Thailand.
I get that you're being really careful with your money, but sometimes it's worth spending a bit more to truly enjoy life. It's not just about existing, but living and making memories. If I spent 15k-20k baht a month I would be constantly be penny pinching
Amazing video! A very comprehensive overview of your expenses 😊👍
Glad it was helpful!
Finally a realistic budget. I’m so tired of these 50k budget videos. Now I would personally add about 15k more for my rent and multiply your $55 nightlife budget by 10 to give me another 15k and 6k for health insurance to give me a grand total of 110k a month budget. So props to you for giving a real number. I’ve always said 3k usd a month guarantee income to live proper. Now that’s my life everyone is different.
🙏🏻
Can i ask how much money u get by content creator job?
If need 100,000 baht per month adjusted for inflation you need £866,000 invested.
If you need 200,000 baht per month adjusted for inflation you need £1,732,000 invested.
This assumes that you want your money to last 30+ years.
This assumes that someone wants to retire early and live on passive income.
Interesting way to look at it actually!
1 million usd earning 5-6% and drawing at the 4.5% annual schedule is 120k per month, and each year you can give yourself a raise of 3%. Not sure where your math of 866 pounds would not be enough adjusting for inflation. 5-6% apy is actually been very low the last 10 years. A 50/50 portfolio has been doing 6-7%. Even a guaranteed annuity for life would be ample not that I would recommend that. Plus at 62 the government will pay you at least $1500 a month so you can throttle down the amount you draw.
@@BirdDog. Have you heard of the 4% rule? It basically means based on historical data you can with withdraw 4% from your investment portfolio and worse case scenario it would have lasted 30 years, adjusted for inflation. However I’m 45 years old and I might live until I’m 90, therefore 3% withdrawal rate, adjust for inflation is safer. I’ve also factored in that there might not be a government pension when I’m 67.
Maybe I missed it in your video but do you have Health Insurance and if so how much do you spend as a foreigner per month in Thailand?
But I’ve seen quite a few insurance plans anywhere between 2000 Baht a month up to 10,000 + Baht a month depends on the coverage the premium, extras and your age too of course
Great video Sam! Especially For someone looking into a possible move to BK.
One thing I missed in you video; how about insurances? I’m sure there’s health insurance? Any others like insurance for your property? Liability insurance? Would be great if you could share some insights on that.
Cheers! And yeah still looking for the best health insurance actually 🤔
Thanks for the video and info. Last year, I lived in the Jomtien area for 6 months and my monthly budget was $3K and that's with companionship with a regular Thai lady for 3x a week without buying any LDs and barfines. I did not eat any western food due way more expensive and been eating Thai food in the market. In my early 50's now, I was planning to retire but I changed my mind in the very last second and back to work again in CA, started from scratch. Will do this again, next year.
Very informative thanks! Could you cover healthcare/doctors/dentists in one of your future videos?
Around £1500-£ 16000 that’s very good 😊
👍🏻
Great video. I was thinking of moving to Bangkok for a short while to give it a try, maybe 6 months to start. I will have a net income of around 125000-150,000 baht a month. On that kind of budget will i have to think much about my budget or can i spend quite freely? I am not into luxury goods, I am not a drinker or a smoker. Thanks!
6 months is a great start to get a feel for it and see how you like it, you’ll definitely be able to spend quite freely especially as you’re not into luxury things (same as me haha) and you don’t drink too so that helps 👍🏻
@@Sam_tyler_ Thanks for the useful content !
Enjoy watching always! Great video!!
Thanks so much😃
Great video as always!! I got a question. Why you need the supplements? I found that a lot of people consume that in Thailand 😬
All for health and different things, for example, vitamin D for skin and immunity , Magnesium to improve sleep quality or a multivitamin just for all round health
You should avoid using motor bike taxi better use BTS/MRT + Taxi to avoid traffic jam.
I don’t live right next to the BTS or MRT unfortunately
What type of Visa are you using?
I'm planning on moving to Thailand next year;
Thinking about getting the Thai Elite Visa; which is around 26k USD.
What you do for living in Thailand?
I’m a content creator and I also have a side hustles too
@@Sam_tyler_ okay
@@Sam_tyler_ I'm thinking about retiring in Thailand
Very good🙏🏻 in the states I am spending almost triple that per month thus why I am coming abroad - thanks much for a great video 🙏🏻
Are you on a work vusa due to previous being a teacher? How does that now work being a content vlogger ?
Good to know❤
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👌🏻😊
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$655 for food???? WOW.
I’m a foodie
Nice video very informative. If you’re taking any request would love to know how you go about reaching out to sponsors as a content creator.
Glad to help! Actually they all come to me nowadays I don’t reach out hardly ever to brands
@@Sam_tyler_ oh good to know thank you! Would to know a day in the life of a behind the scene as a content creator
You left out health/travel insurance.
What happens if you our in an accident?? Motor bike/ crash ect.
Night life is way off... or obviously you don't go out. 2000 baht lasts 3 or 4 hours .
I’m still currently looking for the best health insurance for myself and yes I can go out on 2k Baht..