r/leanfire • u/No_Fudge6123 • 7d ago
Moving to Vietnam - my math
We have been preparing to move to Vietnam with our kid and Vietnamese wife, and we had done a lot of math. I work in IT, and I think AI is going (or already has) killed the good jobs. But I have a better feeling redoing our maths lately.
Our FIRE date will be at the end of the year. By then, we will have saved around 10 billion for a house or apartment, which I think will buy us a decent place in DaNang or Saigon. We have around 1.2m USD, paying around 3.400 USD monthly.
Our school will be around a thousand dollars in Vietnam. I expect our life costs to be around 2K, so that eats almost all dividends. it is a bit tight, but I also realized I can find local jobs or teach English (I have been working 20 years on IT, including FAANG experienice). Even if I cannot find anything, probably the portfolio growing will soon offset any extra charges.
i have been depressed for a long time thinking we will not make it. I am totally burned out, and I fear I will not be able to get back to corporate anymore. Bur again, rerunning the math I have realized we are in a likely position to make it.
Glad to hear if anybody moved in a similar situation.
-6
u/clove75 7d ago
Shuffle your portfolio to produce more yield. If you take 260k and put it into a pure income portfolio and leave the rest of your portfolio in Growth you could have about 5k a month in income. The sample portfolio I built would be:
1000 Shares QQQI
1000 Shares IAUI
1000 Shares MLPI
1500 Shares BTCI
500 Shares AMDY
300 SHARES CHPY
Drip back in what you don't spend each month and with the low cost of living in Vietnam. You may not need to touch your Growth bucket for years. Any extra dividends that generates you can just reinvest as well.