how i make Money online living in Thailand

Hello, welcome back to a new video. So

recently I've been getting quite a few

comments asking me how do I make money

here in Thailand, so I thought I'd make a

video today explaining how I support

myself financially whilst living here in

Thailand long term because I'm here on a

student visa it means I can't actually get

a job or work because I don't have a work

visa. And I don't speak Thai good enough

to be able to get a job here anyway. My

Thai language ability is extremely basic.

I was going to Thai language school for

about 4 months, and I know some basic

Thai, like basic grammar, and I can say

some very simple things, but I can't speak

Thai good enough to be able to have a

proper conversation with a Thai person.

So even if I was able to get a job, I

wouldn't be able to communicate with

customers well enough to even be able to

get a job here. So how exactly do I

support myself here without a job? Well,

that's a very good question, and it's not

really something I feel extremely proud of

because I didn't exactly work or earn the

money that I use to be able to support

myself. About 5 years ago, my dad passed

away, and when he passed away, me and my

sister, we received inheritance money and

also a life insurance payout. I don't

really wanna say exactly how much money it

is because I don't want to sound like I'm

bragging or anything. Let's just say it

was a 5-figure number. And I use that

money to basically do some investing. And

I also put part of the money into a high

interest rate savings account. And

basically I just live off the interest I

get from my savings accounts. And I also

have a stock portfolio which generates

dividend income. I don't do any crazy kind

of trading or investing like day trading.

I'm not getting 100x gains or anything. I

think that's extremely risky and

dangerous. I just have a very boring,

balanced and diverse portfolio of dividend

stocks and index funds, stuff like

McDonald's, Apple, Coca-Cola, some high

dividend ETFs. And that's basically where

most my income comes from. I don't make a

huge amount of money. I'm not some kind of

investing or trading genius or anything.

I just play extremely safe, extremely

careful, try and keep my risks down. And I

just try to make enough money to be able

to support myself, to buy food, pay for

rent, pay for travel kind of stuff and

other expenses. So I would say I make

roughly about £8,000 to £10,000 a year

from my savings accounts, the interest on

my savings accounts, and from my stock

portfolio. I know it's not a huge amount

of money, but in Thailand, £8,000 or

£10,000 can actually go quite far. Okay,

so next I want to talk about how I save

money. And as someone who's been traveling

for at least over 10 years, I feel kind of

stupid when I say this, but I only just

realized that my bank, because I'm using a

UK debit card to buy everything here, my

bank has been charging me 3% on everything

I buy for currency conversion rates. And

they've been charging me that fee. I

noticed it when recently I bought a

MacBook Pro at the Apple Store, and they

charged me a 3% fee for the conversion

rate. And 3% of £1,500 is quite a lot of

money. And I was kind of stupid because So

I bought the Space Gray version of the

MacBook Pro, and then I went to pick it up

at the shop. And then when I was at the

shop, I realized actually I find the

silver color more appealing, and I wanted

the silver one. So I asked them, can I

just get the silver color instead of the

Space Gray? And they said no, I would have

to buy a new silver one and then refund

the Space Gray one. So I thought, okay,

I'll just do that, I won't lose any money.

Actually, I ended up losing quite a lot of

money because I had to pay the 3%

conversion rate fee twice, which amounted

to a total of nearly £80 because, you

know, 3%, 1,400 or 1,500 I think it was,

times 2, I paid nearly £80 just to buy

the MacBook. And then when I refunded the

MacBook, I actually got back less money

than what I paid for because I guess the

Thai baht strengthened, and 60,000 baht in

pounds when I bought it was like 1,000

£370, but then when I refunded it,

60,000 baht was now only worth £1,340.

So I lost like £30 just because the value

of Thai baht to British pounds was

fluctuating up and down. And I actually

ended up refunding the second MacBook as

well because I realized I prefer Windows

laptops. And all in all, I think I lost

like £150 just by buying 2 MacBooks and

refunding 2 MacBooks. And it just felt

like such a waste of money. This massive

waste of money could have been completely

avoided if I used this app called Revolut,

which I use now to buy everything on. Now

Revolut is like an online banking app,

and it doesn't charge you the 3% currency

conversion rates when you buy stuff. They

actually have like a 0% conversion fee

when you exchange currencies apart from

the weekend. On the weekend they still

charge a 1% fee, but you can avoid that by

just not buying things on the weekend. Or

you could prepare some money in advance.

So what I do is, for example, if I think

I'm going to go shopping on the weekend,

I would then put £200 into my Revolut

account and then convert it into Thai

baht. And then it creates a separate

account for Thai baht. And then I can just

use that on the weekend and I won't get

hit by the 1% conversion fee. And also

because I have a Metal membership plan,

which is the second most expensive plan,

which costs about £15 a month, But for me,

because I bought the yearly plan, which

gives you a 15% discount, it only cost me

about £10 a month. You actually get a 1%

cashback deal with that plan. So every

time I spend money, I get 1% of it back in

the form of cashback, but it only goes up

to a maximum of the amount that your plan

costs every month. So I can only make £10

a month in cashback, which is fine because

I don't usually spend over £1,000 a month.

I'm not that rich. Also, when I use my UK

debit card to take money out of an ATM,

the UK bank would charge me 3% for the

currency conversion rate, and then on top

of that, the ATM also charged me a fee of

220 baht every time I withdrew 10,000

baht. So with Revolut, they don't charge

you the 3%, they charge you nothing, but

you still have to pay the ATM fee of 220

baht. Revolut also has a pretty good

savings account which has a 4% interest

rate if you have the Metal plan. So

example, if you put in £10,000, you'll get

4%, which is about £400 a year. But the

good thing about it is they pay you the

interest rate daily. So £400 divided by

365 days is like £1.10,

which is around 50 baht, which is going to

get paid into your savings account every

single day. And you might not think that's

a lot of money, but actually 50 baht, you

can buy lunch or buy a meal if you go to a

food court or go to like a Thai

restaurant. Thai food is pretty cheap,

and you can get a decent meal for around

50 to 80 baht depending where you go. So

it's a pretty nice feeling just having

that money sitting in the savings account,

and that's helping me get paid daily

interest, which helps me buy some food

here and there. So thanks to Revolut, I'm

basically saving about 4% on everything I

buy because I'm not being charged the 3%

conversion currency rate fee that my UK

bank charges me whenever I use my debit

card here. And I'm also getting the 1%

cashback on things that I buy here. So the

1% cashback only applies when you buy

things outside of Europe. And because I'm

mostly in Asia for most of the year, it

always applies to me because I'm buying

stuff here. But if you buy stuff in Europe

or in the UK, then you only get like 0.01%

cashback, which is basically nothing. So

yeah, I think Revolut is pretty good. I'm

saving 4% on what I buy. And on top of

that, you also get other perks. Depending

on which plan you have. I also get a free

NordVPN subscription every month with my

plan, which is quite useful because I do

use VPNs now and then to access certain

websites that you can't usually access.

So that's saving me money on having to pay

NordVPN for a membership. Although it does

cost £10 a month or £15 a month for the

Metal subscription, I do feel like it pays

for itself with the cashback and the other

rewards and perks it offers you. I have an

invitation referral link If you are

interested in signing up to Revolut, it

would help me if you use my link. You

don't have to sign up for the paid

membership. There's actually a free

membership and you could take advantage of

things like the ATM fee-free withdrawals

and the 0% currency conversion rates,

even if you just have the free membership

plan. So I'll leave a link in the

description below if you are interested in

signing up to Revolut or having a look at

it. I think it's pretty good and I do

recommend it if you spend a lot of time

overseas. Outside of Europe. Thanks for

watching my video. See you in the next