Taking control of YOUR retirement and future - LIVE chat

[@Wilko11]

Have gone into great depth researching the finer details of the requirements of Australians being able to take the age pension overseas. But then again who cares.

[@driedekker]

Wd40 is not an oil its a water dispersant, use proper oil on that gate not Wd 40 as some think.

[@user-gs5oq9db1h]

Are you still on

[@pheasantplucker6117]

US no longer a super power. ? Do me a favour.

[@timnewtontoday]

Maybe should have said “ no longer the only superpower”.

[@IQneg]

Sound dropouts about 27 minutes in

[@jfieber]

At 5:15, you say the US is no longer a superpower. Couldn't be more incorrect. It still has the the largest economy and military in the world. Still has massive influence. Still innovates. The world's most successful technology companies are based there. Largest capital markets are there. I could go on and on. But, yeah, no longer a superpower. 🙄

[@timnewtontoday]

Perhaps I should have said “no longer the superpower it once was”. They years of American exceptionalism are certainly over. China has the ‘largest’ Army, by far, as well as the largest Navy. But the US retains the most powerful response capability. Aut’s just not the 1970s any more. I study this as part of my ‘Taiwan’ topic and gauging the possible US response to an incursion, militarily (unlikely) or by blockade and stealth (more likely). Happy to debate this topic as an outsider with no skin in the game.

[@jfieber]

@@timnewtontoday Fair enough if you want to say there's been some decay/degradation. Many would agree on some aspects (such as relative might, as others have caught up quite a bit) and disagree on others (the capital markets blow away everyone else). But to say that it's no longer a superpower at all just flies in the face of objective facts. It's no longer so far out in front, and the debt load is a concern. But it's most certainly a superpower still - and, in many ways, it's still the foremost one. Like your stuff. But you seem to have an anti-US tilt, and I have to call you out when it's just blatantly wrong. Thanks!

[@timnewtontoday]

Happy to be called out and be corrected. At least I’m objective. I have no skin in the game. I have no reason to be ‘anti-US’. Have relatives there. I suppose being mugged there in 1991 don’t make me feel particular enamored :)

[@jfieber]

@@timnewtontoday Sorry to hear about the mugging. Not nice. I wouldn't blame someone for harboring some ill feelings toward the US in that kind of situation. I grew up extremely poor in Detroit, so it's not like I'm overly fond of some aspects of the US (and have lived abroad for many years myself). Like you, though, I try to remain as rational/objective as I can in life.

[@Wilko11]

Just watched American PBS Newshour. Two high profile unbiased political experts agreed America is now moving away from being a superpower, especially with the new president and his proposed new policies.

[@jonhobson3592]

Only real concern I have here as we age , is becoming really sick / seriously ill , yes, i have insurance but it’s still a worry ..I have a pension from my former employer , some savings & hopefully in 6 years qualify for the uk 🇬🇧 state pension .. 🙏

[@billg7531]

For the first 10ish minutes of your video today, you seemed to be tap dancing around something that you really did not make clear. I am not sure what truly stirred you to make this the topic today. It was very pessimistic in your comments. I believe you to be liberal in your philosophies and politics (from previous videos and comments), so I can understand the turn of opinion. As I am around your age, financially, I am very optimistic about my investments. Investments is a long game and as such, one needs to expect ups and downs. In the down times, one needs to just sit tight and ride it out.

[@rogernewton8594]

Why you never taik about tax in thailand

[@timnewtontoday]

Because it’s a shit show of disinformation, snake oil salesmen and lies. I am not going to add to that. There is enough information published by the revenue department for people to make an informed decision or seek professional advice. Any KZbinrs weighing in on this are adding to the confusion and should be ashamed of themselves.

[@andrewrobinson2565]

Are you going to open a care home, Tim?

[@davidrucker1000]

Tim, most successful B & Bs I've visited around the world have a 2-4 page laminated Q&A pamphlet that could relieve a lot of your spare time. Listing local establishments with websites, menus & a way to order take away. Just a thought.

[@timnewtontoday]

I certainly already have a complete local guide

[@lindabuck2777]

You havnt traveled and stayed in a hotel or inn and seen them?!?! You poor man!😝😝😝gift of gab to speak with locals and the language-who needs a phamplet lol ​@@timnewtontoday

[@Michael-i1e6y]

1 in 3 us citizens on tic toc

[@AisHo-i6i]

We just had a 2 year covid recession

[@edwardbishop1176]

Can hold money I Singapore. Stable and no tax on funds.

[@timnewtontoday]

Not everyone can do that, particularly these days where a foreigner opening an account is much much more complicated

[@BareKnuckle666]

Interesting

[@DonVitoCorleone1972]

I agree with no debt, no debt equals freedom.

[@philbev5221]

X is far more open since Elon no longer run by governments

[@timnewtontoday]

Sorry. It’s the contrary. Anyway I’ve signed out. I don’t care anymore. And I’m sure Elon doesn’t.

[@chipchaunamom2665]

😂😂😂😂😂😂

[@Brad-l5i]

Correct, the laptop case was the classic example, without mentioning any names.

[@BareKnuckle666]

If you don’t think this has been engineered how do you explain the world economic forum?

[@timnewtontoday]

The current geopolitical recession has nothing to do with economics.

[@BareKnuckle666]

@ I love the show Tim but I am here to inform you, you are totally wrong on this. The economics are a result of the geopolitical landscape. Still love the show though

[@5anjuro]

It all comes down to money. 1) If you don't have savings or independent income, you're totally dependent on your own government's handouts. As such, you shouldn't really plan on retiring overseas. 2) If you're filthy rich, you can retire anywhere and cycle through the jurisdictions as you please. Most people are somewhere in between, but eventually trend towards the first one, as they get older, incomes run out., things become more expensive etc.

[@ChristopherPellIELTS]

The End of the World is Just the Beginning by Peter Zeihan is a good book on this topic.

[@dreammix9430]

Im becoming very depressed after watching this video and reading the comments. I wanted to pack up from California and move to Thailand and try to stay there for the rest of my life but you're right there's no guarantee my 401k will still be functional in a few months when the political and economic landscape changes here in the states.

[@timnewtontoday]

I didn’t mean to make anyone unhappy, but better we plan for worst and be ready for anything.

[@dreammix9430]

@timnewtontoday I completely agree. And I thank you for pointing out all this information!! The more information we have the better decisions we can make

[@andrewrobinson2565]

​@@timnewtontoday+1 I've been planning for my retirement since I was 24 and bought my first investment property. I'm glad you asked this question. 👍 Life/Retirement planning should be taught in schools.

[@timnewtontoday]

Yes. Wish someone had taught me!

[@ricardo.castanedacastaneda8776]

I think you say "prepare for the worst and hope for the better"😊​@@timnewtontoday

[@WahPreua]

You’re describing any stock or fund as well Tim. Can you touch your shares? Can I control if they go up or down? You can lose money on any investment.

[@timnewtontoday]

Yes. But even if they go to zero you have a share of some bricks and mortar or something tangible.

[@toonwouters4632]

Tim, it's pretty ironic to me that you claim cryptocurrencies have no intrinsic value when in the same video you argue for more control over your future and the whole point of crypto is to make the control of currency decentralized and thus no longer in the hands of one entity, aka the bank. You may think banks are reliable, but they are not, especially in times of turmoil. Also, the millions of hours of development and research gone into them also gives them value. Your take on them is not levelheaded, please do more research.

[@toonwouters4632]

That said, do love the streams :)

[@toonwouters4632]

Also, you say people have no control over the value of btc, but you dont have value over the value of the dollar or the baht either, and which currency do you think will retain its value better in times of turmoil? A currency thats run by governments affected by this turmoil, or a decentralized currency thats run by contributors all across the globe and can be sent directly from person to person with almost no cost without intermediaries like banks? Another way to look at it: the value of the dollar AND baht has declined enourmously relative to btc since 2009, its inception.

[@jamesjoyce8816]

You are very silly

[@toonwouters4632]

@jamesjoyce8816 wow such amazing arguments :) i think everyone can see who is silly here

[@timnewtontoday]

Fair points and happy to hear your take.

[@returntothailand]

Own a home In America 100%. Wife of 35 years owns our home in Thailand 💯%. No debt. Other disasters may happen but if you are going to live each day like the sky is falling that is not living. "Get busy living or get busy dieing"-Shawshank Redemption. I'm a cancer survivor and have a 2nd lease on life.

[@kensanders0088]

Well said !!

[@WahPreua]

Crypto a fad at the moment Tim? How long are your moments? Looking forward to a Saturday discussion on crypto.

[@mmaranta785]

Tim, I see a life saver on the wall behind you. Is there a pool?

[@timnewtontoday]

Yes there’s a pool. But that’s merely decorative

[@Nullachtneun-j1o]

Dont retire somehere where you cant drink tap water.

[@timnewtontoday]

Because…?

[@lindabuck2777]

Huh???🤔🧐🤔filters for water for the whole world-buy one! All water sources questionable! Ours has so much chlorine you can swim in it! 🧐

[@369dabbler]

Lol

[@HendrikMulder-q1y]

Make an info book, on internet or on paper. Money is worthless i feel. Have a small own property. Grow some vegetables. Less local government money will go to people living abroad. Adjust your expenses montly. Live healthier.

[@roosterbooster3265]

What happens to tourism and your pension when there is a banking melt-down, bank bail-ins (your balance robbed), brokers' bail-ins (your stocks robbed) and jobs all gone?

[@369dabbler]

Misery guts

[@alansmith4387]

Hi Tim, can i paint that wall for you? I'll feel a whole lot better!

[@dreammix9430]

How much are we really in control about ANYTHING in our lives?

[@Phillip-tw8qe]

Tim, when you enter the hospitality industry, customer service is inevitable

[@timnewtontoday]

Sure. And it’s a priority for us to do the best we can for our customers. It’s just the first time we’ve been full of young, needy, sort of clueless foreigners. More work than usual.

[@colinb8512]

​@@timnewtontodayhaha Tim, at your age (a year younger than I) should know that the younger generations as they appear, are becoming more and more needy 😜🤣

[@barrywilson8726]

Tim, The Australian Pension is paid to you for the 24 months you remain in Australia once you have a permanent address in AU, you do not have wait 2 years to apply. You can even leave Australia during the 24 months, they just stop paying you the pension for the period you outside Australia but you must notify Centrelink before you depart but the 24 months still accumulates. How long you can remain outside AU is unclear I did leave for over 2 months during my 24 month period. Would have left more often but COVID stopped that. I did this to receive the Australian age pension. I have now lived back in Bangkok for more than 3 years and receive the AU pension payment every 2 weeks. I do agree with you this might stop at some stage so yes you need to have other money put away just in case. I know this is not part of your plan but maybe be suitable to other AU expats so good to put out the correct information on your channel.

[@nick5085]

Thanks for your input barry

[@timnewtontoday]

Thanks

[@Brad-l5i]

Australian pension changes for overseas residents have historically been grandfathered in for previous recipients, can't see that changing.

[@alisoncherry65]

Isn’t the pension reduced if you live outside of Australia

[@timnewtontoday]

@ In some cases. It’s mean tested. And nothing is guaranteed or certain beyond any decision made at the time.

[@andrewrobinson2565]

Never put all your eggs in one basket. We are about to embark on retirement at 65. Our retirement income comes from 15 sources of 4 different types (5 pensions, 5 unfurnished properties, 1 furnished property, 4 cash investments). We don't own any shares at the moment. We are French/British citizens, tax-resident in France where semi-insured healthcare is excellent and all our income streams are in France, so France's stability is important to us. We might invest in different funds...but okay for now. Time to travel and go-go. Isn't the Australian old-age pension means-tested?

[@timnewtontoday]

Yes it is

[@andrewrobinson2565]

@@timnewtontoday Isn't that AWFUL. You've paid in all your life and because you've been frugal and not frittered your earnings away you don't get a pension? 😱 P.S. I should add that we didn't pay into the UK anywhere near more than 9 years, and in France I have 18 years and my wife has 28 years so nowhere near the full 42 years = 5 much-reduced pensions. Keep up the good work 👍👍.

[@williamwhite3405]

Your show is a great way to keep up with Thai news and the situation in Thailand Very enjoyable Thank you Tim

[@mangostickyrice555]

Thumbs up 👍 Tim

[@pokeken]

Alot of prickly egos on your "superpower" comment....my take is that it's not whether they are a superpower or not but how that power is being utilised....inward or outward and to what end? Guess the majority are happy to turn a blind eye to atrocities that happen outside of their home/country as it's naive to assume that isolationism equates to less wars. Love this video, Tim

[@seamusbrennan6302]

Thanks Tim, 'my first time watching your Saturday show complete and I'm glad I did! You made your points really well, without resorting to superlatives - the mark of a real man. Thank you very much.

[@lauriahonen2892]

China IS Been Number one a long Time ppm not usa

[@georgebrooks3873]

2/3 of the economy, 4 times the people. Dream on.

[@dazSav]

Good show Tim, a proud active service RAN Vet..cheers Daz

[@losthailand88]

Tim, your producasts Speke volume. It's really entertaining & informative. I'm trying not to miss any of your videos. Thanks👍

[@jamesb777driver]

Just landed my Boeing triple7 into Phuket this morning absolutely beautiful! Keep the channel going it’s fantastic,

[@rogerlaser8452]

Whens the last time u paid regular income tax to australa government❤

[@timnewtontoday]

Back before 2010

[@vassanaresidencephuket6179]

A great show Tim. My worry is A. I. Scares the be Jesus out of me.

[@roosterbooster3265]

Likely 95% of humans will no longer be needed yet fed by insolvent governments.

[@G_B-b6x]

At least the stock market will flourish due to the increase in productivity.

[@LaurenceHoward-f4h]

First time watching your Saturday show, albeit at 10pm here in Taiwan. An interesting topic which affects every expat regardless of the country they are in. The only disappointment was from the opening remarks of income (covered relentlessly) visa (covered quite quickly) but the one guaranteed to have a bearing on us all was old age, mobility, health issues and mental health care, was not gone back to and discussed. Maybe it could be a future program on its own?. I saw a Hua hin KZbinr video a few months ago doing a house video, (nothing new in that) but, the villa community was built to be sold to the elderly including foreigners. I believe included in the common fee was people keeping check on residents and for an extra payment care and nursing facilities were available. My mother in the uk has had to sell her house in the uk to pay the extortionate care home fees roughly £1,100 per week. So the option of buying your own home with a care package as an option would prevent having to move to a care home in Thailand if finances permitted it. Apart from that a nice show as always, but in extended mode.

[@timnewtontoday]

I actually did a program on the getting older thing a few weeks back. And also looking at setting up some similar type of facilities here in Phang Nga.

[@lindabuck2777]

He has an entire roster of videos with this topic peppered throughout. Interesting info on many things. He’s a proper journalist and researches much material. Give it a go, or not lol. Enjoy🙏🏻❤️

[@CHARLESTHEMOON]

Great video and nice gate 😂

[@BareKnuckle666]

Anyway thanks for live 👍

[@ednamaegrimmett-green]

Great information Tim , I am Looking at Living in Bankok as it is closer to my Godchildren , 6 months alternatively, I will be in Bangkok this coming June , I have a box of goodies for each of my Thai friends and for you and your plus one , Still dealing with weather here in Queensland, 😂Nothing new , 😊💙🤗

[@coryjackson3131]

Thanks Tim 👍🏻🙏

[@ChalermchaiWattanawongpi-lt9uw]

Hi! Tim...😊😊😊😊

[@betweendrinks8885]

Ps the broadcast was stable in Sydney ( FYI)

[@JeddieT]

Thanks Tim.

[@Davrosss]

Thanks Tim 👍