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Comment by pjc50 | Hacker News Reader

> $100k in liquidity.

That of course puts you into the 1% of people in terms of liquidity. Quite a lot of people are a long way below that: https://www.federalreserve.gov/publications/2019-economic-we...

Retirement saving are interesting because for a whole bunch of public policy reasons most people have illiquid retirement savings.

> move to Thailand, Spain, Portugal, Turkey

Check your visa requirements: can you really move there without a job? While $100k is a 1% number it may not be enough to qualify for the "entrepreneur" visa.

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I clicked your link and clicked on a couple tabs even but did not find data on what most people have liquid or illiquid. Can you point me to it?

$100k sounds like a lot but....I live in San Diego. All in, it costs about $4,200/month post-tax to live here. Sure, it can be done on much less. That means $50,400/year post-tax. So your $100k whether liquid or not only lasts two years max.

Let's say a real recession occurs and you lose your job. If your $100k is in the asset that crashed -- say real estate (which I like real estate) or speculative tech stocks -- oh boy. You're now probably at $70k hopefully. If it takes you 12 months from losing your job to finding a job. Now you're looking at only $20k left in your account....that is scary.

I know I am being paranoid because you'd get unemployment + could probably find a lower level job quick in the meantime + you would cut your $4200/month to bare minimum. But that's my point, I live in this fear and the $100k provides some peace of mind.

In Turkey you can get residency with investing in real estate. Not sure if there is a minimum investment required but doubt it.

Does not give you the right to work though.

250k USD and you have to keep the property for 3 years.

> Check your visa requirements: can you really move there without a job?

If you're willing to live a slightly rootless "digital nomad" life, you can ping pong across several countries spending 3-6 months in each back and forth to remain on a visitor visa indefinitely. Not ideal, of course, but you can do this until you get on your feet in a more permanent manner IE full-time remote work.

It’s enough to qualify for the entrepreneur visa in Japan. I have to assume thailand is less.

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