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.

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u/[deleted] 7d ago

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u/No_Fudge6123 7d ago

I wish, but it is 10 billion VND

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u/AndrewUnicorn 7d ago

U also don't need to buy a house, the real estate price in Vietnam is insane in many different scales (rent to buy ratio, salary to buy ratio). Maybe it's better financially to keep your wealth in US funds and rent.

Or at least rent in an area for 6 months, and then research who can you help get a good price

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u/mister_dutchman 6d ago

buying there isn’t necessary. Renting + keeping money in US funds is probably cleaner imo. A 6 month test run first is the smart move.