(Newswire.net — June 9, 2021) —
Some would say we live in a free and democratic society, while others think we are all slaves to the dollar, having to work hard to make enough money to live. Whatever your opinion, we should all be in agreement that we deserve to spend the best years of our lives with some financial security and sadly, this is not always the case. People with a ‘happy go lucky’ attitude to life often end up in financial troubles when they reach retirement age and it is important to start to plan for your retirement as soon as you begin your career.
Purchasing a Second Home
If you are buying a villa in Koh Samui from Sunway, then you are going a long way toward generating an income that will support you through your life. Some couples purchase a holiday home in Thailand and rent it out when not in use, which generates a good income, not to mention the equity in the property. Once your main home mortgage is paid off, you can bank the proceeds of the sale and move into your luxury beachfront property in the sun.
Enjoying the Best Years of your Life
Many people have worked themselves into an early grave; those who are successful in business and have enough money to retire, yet they are gripped with the desire to make even more money and eventually, the stress kills them. Talk to your employer because they might be looking for employees who are prepared to take an early retirement and they offer a good financial package if you accept. Sit down with your partner and crunch the numbers, look at your worth and if it is possible for you to stop working, say 5 years earlier, why not? Click here for an article about the blending of robotics with mathematics.
Wealth Generation
When a person starts work, they receive a monthly or weekly salary and if you can manage to put a little aside, this is the beginning of wealth generation. If you spend some time talking to a financial advisor, they can help you to create a wealth plan that incorporates diverse investments; without such a plan, you would not end up with the assets at a late age. Real estate is a great investment and buying your holiday home that can be used as a retirement home is many people’s goal when it comes to having a secure retirement.
Start a New Business and a New Life
Many people in their fifties come to Thailand for semi-retirement and you could open a restaurant, bar or even a small resort. Here is some information for foreign investors in Thailand, which offers a wealth of information about BOI. What’s not to like about escaping the freezing winter and living in a tropical paradise?
Don’t wait until it is too late to do the things in life you’ve always wanted to do and with some wise investments, you can enjoy your golden years living by the sea in your Thailand home.