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20,000 dollars in Cambodia
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winterwawa



Joined: 21 Apr 2008
Posts: 48

PostPosted: Fri Apr 25, 2008 4:02 am    Post subject: 20,000 dollars in Cambodia Reply with quote

I have now in Korea teaching at a University. I have been in this god forsaken country for 10 years. During that time I have been married and divorsed twice. Made and lost almost 80,000 dollars and am thinking it is time to move on. I don't want to go back the USA because there is nothing for me there. I am 54 years old, and will have about 20,000 dollars in February 2009.

My questions are

1. Could a guy my age get a job in Cambodia

2. How long will 20,000 dollars last if I decide not to work.

Thanks for any responses.
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BigGuy



Joined: 17 Sep 2007
Posts: 34

PostPosted: Sat Apr 26, 2008 4:27 am    Post subject: Reply with quote

Sorry, Winterwawa. You're right my reply was not helpful. I was drunk when I wrote it and I should not be so casual and confident as I too navigate the murky waters of mid life.

I think a guy our age should be able to find decent work in Cambodia. I think age and experience still count for a lot there.

As far as not working and just living off the 20K, an amount like that run out after a couple of years of even frugal living.

Why not get a job there and just stash the 20K and save it for later? 54 is not that old; you still have a ways to go.

Sorry again for my flippant reply. I should not use the internet late at night.
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saint57



Joined: 10 Mar 2003
Posts: 1221
Location: Beyond the Dune Sea

PostPosted: Sun Apr 27, 2008 4:14 am    Post subject: Reply with quote

I'm almost thirty, but I was thinking of "retiring" for one year in Cambodia after I've saved some money working here in Malaysia. In my head $24,000 is the magic number for one year.
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BigGuy



Joined: 17 Sep 2007
Posts: 34

PostPosted: Sun Apr 27, 2008 4:10 pm    Post subject: Reply with quote

Santis57,

Being almost 30 and having 24K and thinking of "retiring" for one year in Cambo is very different from what Winterwawa and I are facing: mid 50s and "what to do"?

24K for a year is 2K a month; you could live like a prince in Cambo with that for a year. After that? What you gonna do?
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winterwawa



Joined: 21 Apr 2008
Posts: 48

PostPosted: Mon Apr 28, 2008 10:12 am    Post subject: Reply with quote

No kidding. I wish I had had 24 grand when I was thirty. I didn't even begin my esl career until I was 41. If I had it to do over I would

1. never have gotten married
2. saved like mad until I turned 50
3. moved to India where I could live like a king for the rest of my life.

Apology accepted BigGuy. With the amount of cash you have, you should pic door number three above. Or keep saving until your 60 and then choose door # 3. With that much cash you could buy a wife in India. Very Happy
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Vanica



Joined: 31 Aug 2006
Posts: 368
Location: North Carolina

PostPosted: Thu Jul 03, 2008 1:43 am    Post subject: Reply with quote

Can't you move to India and work online as an editor or translator? It sounds to me that you like it there and the cost of living is not high. Where in India would you like to go?

I have money saved and I am a translator working for companies that have never seen me. I just have to decide where I, and my five year old, want to go. She likes Dora, gamelan, the North Pole and Disney World.
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guangho



Joined: 16 Oct 2004
Posts: 476
Location: in transit

PostPosted: Wed Jul 09, 2008 6:28 pm    Post subject: Reply with quote

I worked as a copywriter and editor for a news organization in China- essentially correcting mangled Chinglish into something more palatable for mass consumption. It was a rip-roaring good time so I wonder if I can do something similar online. Any tips?

Also, something about India and Cambodia both call to me- along the lines of super cheap tropical fruits and an appealing lawlessness. I just wouldn't want to work there and be at the mercy of said lawlessness.
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sidjameson



Joined: 11 Jan 2004
Posts: 629
Location: osaka

PostPosted: Wed Jul 09, 2008 11:47 pm    Post subject: Reply with quote

I thought that if you worked at a university in Korea you could save US20k a YEAR! So if I were you Id go all out and save for a few years. In my experience 20k wouldnt last you very long in Cambodia if you are tempted by the transitory pleasures of the senses. If it did, what next? 57/58 looking for another TEFL gig?

OP, I too am curious about India. How much would let you live like a king? And can a white man get/buy a wife there no matter how much money he has?
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DrVanNostrand



Joined: 28 Mar 2008
Posts: 70

PostPosted: Thu Jul 10, 2008 1:17 am    Post subject: Reply with quote

If I were 54 with $24k to my name (you made no mention of any retirement funds), I think I'd stay in Korea and save as much money as I could for as long as I could, investing wisely while I could, to keep me going into and throughout retirement.

Based on everything that I hear about Korea, you should reasonably be able to save $15-18k per year living a relatively comfortable lifestyle.

Elevan more years (taking you to 65), would bring you to approx. $189,000 in savings.

Start investing and compounding along the way and you'll find yourself well over $200,000 at age 65.

Wouldn't take long to build up a respectable nest egg, allowing you to move to any of a number of third world countries which would enable you to finish out your retirement years living like a king as you so desire.
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lost_gypsy



Joined: 09 Apr 2004
Posts: 274