Retirement planning

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Jerry Atrick
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Re: Retirement planning

Post by Jerry Atrick » Sun Jun 02, 2019 8:09 pm

I wouldn't consider moving to PP for 1200 per month.

That said, I have three dependants, but it doesn't leave much cushion.

Invest in a CELTA and bump your potential wage to near 3k per month, or explore getting a job in your field. It may pay much more than you think.
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phuketrichard
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Re: Retirement planning

Post by phuketrichard » Sun Jun 02, 2019 8:56 pm

Personally, I'd consider at least working a few more years and setting up an emergency fund - say $20K or $25K before considering leaving the job and relocating overseas.
he's already got $230,000!!!!
Jerry Atrick wrote:
Sun Jun 02, 2019 8:09 pm
I wouldn't consider moving to PP for 1200 per month.

That said, I have three dependants, but it doesn't leave much cushion.

Invest in a CELTA and bump your potential wage to near 3k per month, or explore getting a job in your field. It may pay much more than you think.
I'd love to hear how having a CELTA and where still teaching only English, will boost you to $3 grand/month, That's what teachers teaching with a masters or teaching credentials /experience make at international schools.

Its ur life, if ur really that unhappy with where you are and want a change, come over ( dont burn any bridges) and try it for 6 months, 1 year
if Cambodia doesn't suit you try, Thailand, Vietnam or just travel. Your not broke and you can always go back to the states>
Go for it, ignore the naysayers...
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
Jerry Atrick
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Re: Retirement planning

Post by Jerry Atrick » Sun Jun 02, 2019 9:47 pm

I know a number of people who were making two four plus with a degree and celta a number of years back, and I guess they make more now.

Not my job, but I know or knew a pretty broad group of English teachers here. I wouldn't know about Phuket.
sobajoe
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Re: Retirement planning

Post by sobajoe » Sun Jun 02, 2019 9:58 pm

Why do some posters reply with information that is total B.S to anyone who has stayed in PP any length of time.
I refer specifically to the poster who claims $1200 a month covers the basics and a fan room for $200, and they ask would you really want to live that way.

Really, a fan ROOM - now that doesn't sound very good , I mean a SINGLE ROOM and just a fan.
Let me consider some of the places I stayed, and found so easily it was laughable, during my last two, yearly consecutive trips of 6 and 4 months .

First on the list- a large 1 bedroom apartment , separate bathroom , separate kitchen , closed parking for moto , gorgeous private balcony overlooking the street in a quiet safe area about a mile from the Russian market - free, good internet, but NO aircon $150.

Second on the list. A decent sized semidetached Bungalow in Kampot - like a large studio apartment with a separate Bathroom and a huge car port attached which was as big as the bungalow and which most of the other residents had converted to a kitchen area. Had ice cold air con for $120

My latest, a 1 bed apartment near PP airport ( don't hear the planes. ) Great balcony , 24 hour security , shared swimming pool , free internet and cable TV, huge living area and very nicely furnished down to the washing machine , private underground parking . $300 - not a budget blower for a teacher making $1200.

The savings the OP has and his qualifications make it a perfectly viable plan for him to bug out now and to teach until he decides he's ready to use his savings.

Would you like teaching ?-do you like what you're doing now and where you're doing it ?

My time so far in Cambodia has taught me that a $1000 a moth is a very comfortable single persons budget even in PP, and which will allow you a far better lifestyle than most of our home countries. The caveat is a single person. Actually , a single , sensible and disciplined person.

I would not want to take on any financial burdens family or business. Leave that for the fools. Work , earn , enjoy to yourself.
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Jamie_Lambo
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Re: Retirement planning

Post by Jamie_Lambo » Sun Jun 02, 2019 11:25 pm

sobajoe wrote:
Sun Jun 02, 2019 9:58 pm
Why do some posters reply with information that is total B.S to anyone who has stayed in PP any length of time.
I refer specifically to the poster who claims $1200 a month covers the basics and a fan room for $200, and they ask would you really want to live that way.

Really, a fan ROOM - now that doesn't sound very good , I mean a SINGLE ROOM and just a fan.
Let me consider some of the places I stayed, and found so easily it was laughable, during my last two, yearly consecutive trips of 6 and 4 months .

First on the list- a large 1 bedroom apartment , separate bathroom , separate kitchen , closed parking for moto , gorgeous private balcony overlooking the street in a quiet safe area about a mile from the Russian market - free, good internet, but NO aircon $150.

Second on the list. A decent sized semidetached Bungalow in Kampot - like a large studio apartment with a separate Bathroom and a huge car port attached which was as big as the bungalow and which most of the other residents had converted to a kitchen area. Had ice cold air con for $120

My latest, a 1 bed apartment near PP airport ( don't hear the planes. ) Great balcony , 24 hour security , shared swimming pool , free internet and cable TV, huge living area and very nicely furnished down to the washing machine , private underground parking . $300 - not a budget blower for a teacher making $1200.

The savings the OP has and his qualifications make it a perfectly viable plan for him to bug out now and to teach until he decides he's ready to use his savings.

Would you like teaching ?-do you like what you're doing now and where you're doing it ?

My time so far in Cambodia has taught me that a $1000 a moth is a very comfortable single persons budget even in PP, and which will allow you a far better lifestyle than most of our home countries. The caveat is a single person. Actually , a single , sensible and disciplined person.

I would not want to take on any financial burdens family or business. Leave that for the fools. Work , earn , enjoy to yourself.
tbh my last apartment in PP was $200 per month w/ Aircon, separate kitchen/bathroom, own washing machine, no balcony though, bills roughly $20-30p/m
its possible to live cheaply and happily sure, i wouldnt call it living very comfortably though,
im not high maintenance its my social life which eats all my cash though :plus1:
:tophat: Mean Dtuk Mean Trei, Mean Loy Mean Srey
Punchy McShortstacks School of Hard Knocks :x
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Kammekor
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Re: Retirement planning

Post by Kammekor » Mon Jun 03, 2019 12:08 am

sobajoe wrote:
Sun Jun 02, 2019 9:58 pm
Why do some posters reply with information that is total B.S to anyone who has stayed in PP any length of time.
I refer specifically to the poster who claims $1200 a month covers the basics and a fan room for $200, and they ask would you really want to live that way.

Really, a fan ROOM - now that doesn't sound very good , I mean a SINGLE ROOM and just a fan.
Let me consider some of the places I stayed, and found so easily it was laughable, during my last two, yearly consecutive trips of 6 and 4 months .

First on the list- a large 1 bedroom apartment , separate bathroom , separate kitchen , closed parking for moto , gorgeous private balcony overlooking the street in a quiet safe area about a mile from the Russian market - free, good internet, but NO aircon $150.

Second on the list. A decent sized semidetached Bungalow in Kampot - like a large studio apartment with a separate Bathroom and a huge car port attached which was as big as the bungalow and which most of the other residents had converted to a kitchen area. Had ice cold air con for $120

My latest, a 1 bed apartment near PP airport ( don't hear the planes. ) Great balcony , 24 hour security , shared swimming pool , free internet and cable TV, huge living area and very nicely furnished down to the washing machine , private underground parking . $300 - not a budget blower for a teacher making $1200.

The savings the OP has and his qualifications make it a perfectly viable plan for him to bug out now and to teach until he decides he's ready to use his savings.

Would you like teaching ?-do you like what you're doing now and where you're doing it ?

My time so far in Cambodia has taught me that a $1000 a moth is a very comfortable single persons budget even in PP, and which will allow you a far better lifestyle than most of our home countries. The caveat is a single person. Actually , a single , sensible and disciplined person.

I would not want to take on any financial burdens family or business. Leave that for the fools. Work , earn , enjoy to yourself.
I don't question your numbers, but besides price location is factor. Living in Pochentong in your fancy apartment and travel into the city every day ain't fun.

1000$ a month allows for for a kind of comfortable single person's lifestyle if your exclude trips back home, accidents happening (driving your moto in the door of a car for instance), medical expenses, and saving some money (although maybe no need with 230k in investments.......
newkidontheblock
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Re: Retirement planning

Post by newkidontheblock » Mon Jun 03, 2019 12:49 am

You can retire on that little in the KOW? Most retirement calculators I’m looking at recommend 1-2 million in IRAs before going into retirement. I should achieve that somewhere when I’m 120-150 years old.

Great thread.
Keep the retirement ideas coming...
SternAAlbifrons
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Re: Retirement planning

Post by SternAAlbifrons » Mon Jun 03, 2019 1:06 am

Retirement calculators??

Get a grip. :stir:
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markd
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Re: Retirement planning

Post by markd » Mon Jun 03, 2019 4:00 am

the biggest outlay will probably be the girls

have you included 10 to 20 barfines per month + ancillary inducements in your calculations :beer3: :beer3:
thru shit to more shit
Bibi
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Re: Retirement planning

Post by Bibi » Mon Jun 03, 2019 10:58 am

Stay in your country until you get your full pension. Then, move to Cambodia, put your 230,000$ in a good bank or MFI (some have European or Canadian shareholders which make them safer). MFIs like Amret will give 7.5% p.a. on a 3 years commitment and can pay the interest monthly.
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