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I agree with Jonsei and did the same thing as Jonesi at about the same time. A Thai wife found me, we bought land and built a house 18km from an international airport for $15,000 which in Australia would be worth $350,000, had a baby, bought some rubber tree plantations and development land. All looking good after 3 years relationship. For now Thailand is an easy small investment for big quality of life returns. <moderator: delete advertising>
Jonesi274 wrote:G'day Maxi80,
I'm in the same boat and saving away to buy a house next year to renovate with my father. I believe saving is all about planning and discipline as well as minimising everything that costs you money right now. I also like to set myself small bite sized goals and write them all down such as $1,000 saved by Australia Day, credit card paid off and cancelled by Feb 28th, $5,000 saved by Anzac Day etc etc…Work out how much you need and count backwards how many pays you have to achieve it then pay yourself first ie put that money away in a separate account on payday and don't touch it (not withstanding catastrophic emergencies of course). It's amazing how you can cut back on things when you simply don't have any money left in your spending account. I also give myself little gifts or bonuses for hitting milestones (ie credit card paid off new ps3 game (well new means 2nd hand or ordered online), first $1,000 motorbike improvement (seat repaired).
I'm on an average wage of $65k pre tax and my big goal is $20,000 saved by January 2012 starting from zero this year, I do however get extra work a couple of weekends a month as a scuba instructor. I saved about $16k before I went to live in Thailand for 6 months and I'm working on the plan towards a property right now.
If you provide some more information about your circumstances and your finances I'm sure some more experts can help.
Good luck and keep us posted.
Near Vientiane in north east Thailand, overlooking mountain lakes and the Mekong River, I bought:
- A rubber tree plantation
- A development block
- A new house and land package
Our brick and tile home in peaceful rural Thailand is in my wife's name. I'm not too worried about losing my shirt because land is so cheap there. There aren't too many places in the world, 18km from an international airport, @ $6,000 for a house and land package.