I want to retire early, so I moved my family to Thailand to save money. Take a look inside our $1,200 family home in Bangkok.

Yahoo

2 days ago

I moved my family to Thailand for a better quality of life.
I want to retire by 50, and Thailand offers a cheaper cost of living to make that happen.
Here's a tour of our apartment in the heart of Bangkok that I could only dream of having in the U.S.
It took me too many years of my life to realize I don't want to work until a typical retirement age. My ex-father-in-law was a catalyst for this realization.
I met Steve when I was 17 (I'm now 44), and he was one of the hardest-working men I knew. There were times when he held two or even three jobs to support his family, and he worked hard at everything he did.
What's sad is that he worked until the day he found out he had stage 4 pancreatic cancer; he died three weeks later at 61.
His death was part of the reason I decided I didn't want to work into my 60s, and conversations with my children helped me see that my identity is more than my work.
Though I own a business, I'm working toward the goal of retiring by the age of 50, and moving to Thailand is the only way I could make that dream a reality.
We moved to Thailand for a better quality of life.
Retiring early in the US would be difficult because of the high cost of living and healthcare, even with insurance. My wife and I decided that moving out of the US permanently would be our best option to achieve our financial independence goals.
After researching, we decided to move to Thailand, a country with a relatively easy visa process, affordable healthcare, cheaper everyday living expenses, and a thriving economy.
My wife, our daughter, our niece, and I secured five-year Destination Thailand Visas within a few weeks after deciding to move.
I found a beautiful apartment in the best location for a reasonable price.
It was easy to set up our life in Thailand, and I didn't have to go through the bureaucracy I've experienced my entire life in the US.
I landed in Bangkok and toured the apartments the next day. By the end of day two, we had signed a two-year lease for our dream apartment.
The rent is $1,200 a month, but our monthly living expenses for everything are less than $3,000 a month, which is about one-tenth of what we paid in the US.
Our apartment is close to Bangkok's public transportation.
The apartment is within walking distance to Terminal 21, a large mall, numerous coffee shops, restaurants, grocery stores, and healthcare facilities.
Bangkok is quite the city that never sleeps, and you can find many places that are open 24/7.
The apartment is just under 3,000 square feet with a comfortable living room and a balcony overlooking the pool.
The building and apartment are pet-friendly, so we brought our two cats with us. The building installed netting on the balconies so that the cats can spend time outside.
The apartment was furnished, but we also bought some of our things to make it more comfortable.
For example, I bought an 86-inch TV for the living room.
There is a nice-sized kitchen with a balcony — which houses our washer and dryer.
The kitchen is fully equipped with an oven, a gas stove, and plenty of counter space. Conveniently, a washer and dryer are on a small, netted balcony right outside the kitchen.
There is a formal dining room area, where we keep our filtered water.
We have a large dining room table, built-ins with storage space, and another balcony offers a dining area that's also netted.
Since the weather is good all year round, we're storing our larger suitcase on the balcony.
I turned the fourth bedroom and bathroom into my office.
I own a business and wanted a space to work outside our bedroom. The fourth room would typically be a maid's quarters or a small bedroom, but I converted it to my office.
I installed a mobile AC unit, bought a desk, and purchased a comfortable reading chair for breaks. The office is on the same floor but is detached from the apartment, making it a quiet space.
Our primary bedroom is large with an ensuite and a balcony.
When we moved to Thailand, we thought we'd be moving to a smaller space than what we're used to in the US. But the apartment we got exceeded our expectations in terms of size.
The master bedroom came with a king-size bed, a large TV on top of built-ins, lots of closet space, a large bathroom, and an area for my wife to have a mini office.
We are quite comfortable.
Our daughter and niece have more space than they had in the US.
Our daughter and niece live with us, and occupy the second and third bedrooms, which are also spacious. Each room has a bathroom, a queen-size bed, and a good-sized TV.
Our daughter's room also features a separate vanity area.
We're very happy with our new family home, especially since it's saving us money.
I'm not sure whether we'll stay in this apartment for all five years of our visa, but we're very happy with it right now.
The apartment has more space than anticipated, it's close to everything we need, and the building staff has been incredible.
We made the right move for our family, and we've accelerated our journey toward financial independence by increasing the amount we're saving.
Read the original article on Business Insider
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