1. Meet Dave……my first financial client

2. Dave is 30 years old and earns
B50,000 THB a month
nice life….now

3. I asked Dave If he were to retire
tomorrow how much money would he
need to have a life?

4. Dave replied
“well I am having a good life now, so
the same :
B 50,000 a month”

5. When do you think you will retire I
asked Dave:
“65 like everyone else “
He told me

6. I asked him :
How much money do you need in the
bank to retire on
B50,000 per month ?
The next figure shocked him!

7. To draw down B50,000 each
month to live of; he needs
15,000,000 (15 m) THB in the
bank

8. Let’s do the maths :
On average 4% inflation over last 100 years
Means roughly same Bank interest on savings
15 million baht draw at 4% per year =600,000 THB = 50,000 THB
per/month
Dave has 35 years working life left =420 months (not long when you look
at it like that eh)
15 MILLION THB divided by 420 months is 35,000 THB each month
So Dave must save 75 % of his salary
each month from today till he retires just
to have the same
life he has now!

9. What are you doing today to make sure
you have a life tomorrow?
Develop a residual income
Residual income is money that comes to
you every month with out having to
work for it anymore= freedom
Just do it
Alan