Topic: How to retire on $100,000 (Read 3729 times)
what do you ultimately plan on doing with your money? is the idea to die living below your means and then give it all away?
It's impossible i think with that amount.
And what if you get serious sick?
Yea! It's very impossible to have that amount. And what if you get serious sick?
Settle in a different country where cost is low. Problem solved.
like where ?
I heard Central America is cheap.
Not to mention countries in crysis like Spain. You can get a cheap house there due to recession.
there is a matter of visas if you dont live in another EU country already
its similar to the greencards situation in the US
its not so simple as deciding to pick a country and live there in most cases
Usually it's not hard to get a visa if you have no criminal record. Really easy if you bought property in a given country, because they are affraid only of those immigrants that can't sustain themselves and may turn into criminals or beggars.
they are afraid of terrorist and criminals too. Both usually have ways to sustain themselves.
So I guess let visa wont be so easy, also considering you can travel anywhere in Euro zone with a spanish pass thing
...And? You can retire on $10,000 in some places, even $1,000 in others.
Right. Go to Africa.
The "you get what you pay for" line comes to mind. Sure, you can live in some obscure place for cheap. At lest in NZ you'd usually understand what people are saying.
There are 18 listings in Flint, Mich., for under $3,000, according to Realtor.com. Some even going as low as $500! Think of the remaining $99,500 you could live off of the rest of yo lyfe!
Not a lot is going to be left after demolishing the house. And then building one to live. Guess they're just selling the terrain, not the house.
Settle in a different country where cost is low. Problem solved.
like where ?
I heard Central America is cheap.
Not to mention countries in crysis like Spain. You can get a cheap house there due to recession.
there is a matter of visas if you dont live in another EU country already
its similar to the greencards situation in the US
its not so simple as deciding to pick a country and live there in most cases
Usually it's not hard to get a visa if you have no criminal record. Really easy if you bought property in a given country, because they are affraid only of those immigrants that can't sustain themselves and may turn into criminals or beggars.
Settle in a different country where cost is low. Problem solved.
like where ?
I heard Central America is cheap.
Not to mention countries in crysis like Spain. You can get a cheap house there due to recession.
there is a matter of visas if you dont live in another EU country already
its similar to the greencards situation in the US
its not so simple as deciding to pick a country and live there in most cases
and what about future medical expenses
need a lot of money for that
so I think it is near impossible to retire on $100,000
need a lot of money for that
so I think it is near impossible to retire on $100,000
Yeah seriously it just depends on where you decide to settle down.
I can see how the 100k would cover a proper live burial.
Interesting. So, do you hire someone/corporation and have tubes installed for the delivery food and water and to remove waste for the rest of your life? Sounds terribly uncomfortable. Can you even stream Netflix on your iPhone from 6ft underground? I think I'd rather die, than live out the rest of my life buried in a coffin.
I envy your American citizens, you can buy 2 house in USA. But in China, we can just buy a 40 square meters small apartment with 100000USD in second-tier or third-tier city. If we wanna buy an 100 square meters apartment in Beijing or Shanghai, 1 million USD is minimum, buying a 200+ square meters house or villa we need at least 2 million USD in Beijing or Shanghai, I want to immigrate to the USA, to me USA is heaven 
LOL, I know many people in the crypto world like fuck China, so do we Chinese like fuck China too, gasoline costs 1 USD per liter is fucking so expensive(I know in US just costs less than 0.5 USD per liter).
LOL, I know many people in the crypto world like fuck China, so do we Chinese like fuck China too, gasoline costs 1 USD per liter is fucking so expensive(I know in US just costs less than 0.5 USD per liter).
Settle in a different country where cost is low. Problem solved.
like where ?
Settle in a different country where cost is low. Problem solved.
you could probably retire in vietnam or thailand and live a comfortable life. in thailand, there are plenty english speakers too, so you'd feel at home.
thailand retirement visa needs to show 400,000thb income a year or you can forget about that
and you need to be over 50 to even apply for thai retirement so that rules out most bitcoiners
here i would imagine
Most people would say that it's impossible to retire on just $100,000. But this is not true. You can use $100,000 to buy two cheap houses. Keep one house for yourself and one house to rent out. You will be able to retire because you would no longer need to pay rent anymore and if you live frugally enough, then any other expenses (e.g. power, food, Internet) can be paid using the rental income derived from the second house.
Don't think that $50,000 houses are impossible to find. If you live away from the popular urban and suburban areas then they are very common.
For example, this tidy 4 bedroom 2 bathroom house is $51,000 USD ($69,000 NZD is roughly $51,000 USD):
Link: http://www.trademe.co.nz/property/residential-property-for-sale/auction-592061964.htm
According to the description, the property generates a passive rental income of $180 USD per week.
The average person needs $20 for electricity and $50 for food per week. Where I live, unlimited broadband Internet costs about $20 per week. That leaves a profit of slightly under $100 per week which should be enough for gas (if you own a car) as well as miscellaneous expenses such as vacations, investments, etc.
Of course, you can lower your weekly expenses even further too by installing solar panels on your roof, growing vegetables and chickens on your land, and ditching the car for a bike.
Don't think that $50,000 houses are impossible to find. If you live away from the popular urban and suburban areas then they are very common.
For example, this tidy 4 bedroom 2 bathroom house is $51,000 USD ($69,000 NZD is roughly $51,000 USD):
Link: http://www.trademe.co.nz/property/residential-property-for-sale/auction-592061964.htm
According to the description, the property generates a passive rental income of $180 USD per week.
The average person needs $20 for electricity and $50 for food per week. Where I live, unlimited broadband Internet costs about $20 per week. That leaves a profit of slightly under $100 per week which should be enough for gas (if you own a car) as well as miscellaneous expenses such as vacations, investments, etc.
Of course, you can lower your weekly expenses even further too by installing solar panels on your roof, growing vegetables and chickens on your land, and ditching the car for a bike.
Wow thats cheap. My house was €199.000 for a house with 3 bedrooms and 1 bathroom.
you could probably retire in vietnam or thailand and live a comfortable life. in thailand, there are plenty english speakers too, so you'd feel at home.
Honestly I wish I could find a reasonable house for $50,000 in my state. I only found one that was all broken down.
move to detroit ,you could get your own neighbourhood for 50k
And you'll have to pay another 50 to keep hobos and junkies out, not to mention the rats.
Spend a few bucks on automatic rifle and ammo and shoot the zombies if they come on your property
There are 18 listings in Flint, Mich., for under $3,000, according to Realtor.com. Some even going as low as $500! Think of the remaining $99,500 you could live off of the rest of yo lyfe!
Honestly I wish I could find a reasonable house for $50,000 in my state. I only found one that was all broken down.
move to detroit ,you could get your own neighbourhood for 50k
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