I can so relate to this. Got sick of chasing my tail trying to make ends meet in Australia. Had $20,000 debt on credit card. Moved here with family in 2014. Haven’t been back to Australia ever since.
I had a great credit score, until I paid off my mortgage, have no debts, pay off my credit card each month. My credit score went from very good to good to now fair. It's a crazy world
Great topic to talk about Fred. I am moving to Chiang Mai in a few months and have been there many times. I am financially comfortable and have a great credit score but still see huge value in planning and budgeting for short AND long term. As you eluded to, if you don’t have these skills in your home country, your troubles may follow you. Just my opinion. Great video mate!
I have horrible credit. The reason, however, is different than most. I've never had a credit card. Ever. The last car note I had was in the 80s. I'm a life long renter. Because I've never had a loan, I can never get one. Luckily I'm now 62 and arrive in Chiang Mai July 2nd. For good. I have a sizeable enough 401k and a budget that, even if I go over 500 bucks, allows for a grand a month savings toward travelling. Who needs a credit score? Not this guy!
Fred, thanks for pointing out there aren't all the hoops to jump thru to get housing there. Finally visiting Chiang Mai next week! If you're available, would love to chat with you over lunch or something. (Note: not some weirdo here...just a Californian looking for other options to live in the future👍🏽.) Thanks for your consideration.
Thank you, and please feel free to reach out to me when you get here. I will make time to meet up. My email is farawayfred2023@gmail.com. I look forward to meeting you
@@farawayfred802 Alright! I will definitely send you an email message once I get there mid-week next week. I'll be around between 3rd to 8th July. Much appreciated. 🙏🏽
Hello, saw your youtube interview about living in Thailand. I subscribed to your channel and others to get informative advice. I too am in the phase of planning my future retirement there. I am still grinding it out in the Pennsylvania USA. Curious, how do most expats setup their finances from U.S. to Thailand. Did you have to open a Thai bank before transfer funds over. I have heard some horror stories where expats were cut off and had to go back to U.S. to prove their identities. Would like some advice.
I set up an account in the USA that I researched and is great for travelers. Charles Schwab is the bank I use, never had a problem. I use WISE to transfer money from my American account to my Thai bank account, seamlessly. I wish you the best of luck as you work toward your retirement. Please feel free to send me an email as well if you have any other questions.
