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Is it good time to settle down in Sri Lanka how we plan it?

+26
stumpy
cseguide
LateTackle
Antonym
Sasanka De Silva
wiki
manula
NUINTH
KDDND
Jake Sully
UAEBOY
sriranga
Chinwi
The Alchemist
Slstock
roshana7549
rainmaker
celtic tiger
UKboy
Kithsiri
funland
smallville
Humble
Arena
Takecharge
nalaka_sg
30 posters

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sriranga


Co-Admin

Chinwi wrote:

I can understand. I came back within two years !
I have another friend who is at a top position in DXB, coming back after 17 years leaving the lucrative job.

I think you are matured enough to manage your life and wealth here. If you have kids exposed to comfort they may get hard time to adjust.

Do not expect hassle free driving. You have to learn not to get angry when others show unexpected and foolish behavior on the road.

About investments,

Buy a countryside land within few hrs reach from the residence,  and plant Kos, Del, pol , amba , rambutan etc. and you can enjoy real life when you feel fed-up in town. Select a poor good family to look after it and you can help them also without affecting your finance. Few thousands are big amount for them.  

Doing a job will be much difficult. Our pace is mush slower in everything. Many people are just sitting like puppets. I gave up doing jobs, they cannot cope with my speed. I get angry and next was high blood pressure. If you like chatting and gossip wow! then this is the best place.

Best way is starting your own place and train some youngsters.  

There are many scams targeting expatriate cash. Do not jump in without full investigation.

As rainmaker correctly said, few trips abroad is a must. I prefer Thailand mainly due to affordable costs and tasty  food. [ nothing else  Wink ]

As UKBoy said, study new highway system before buying lands. CMB-Kandy is coming.

After coming here, I studied many projects to start. We dropped many because : after paying salaries you get nothing.  

If you have enough money put half of it in FDs and buy good shares using the interest. Never go for margin trading.

Do not take risk by  investing all the money you have in everywhere. Better to keep at least 50 % in TB or FD until you develop any other steady income here.

Better not to bother about politicians or what they do. Do not argue in politics and waste your time and energy.

Finally, we miss many nice things in life while running for money and wealth.

We can do Bird watching, hiking, travelling in your own country, photography, helping poor..  etc.  There are many nice things to enjoy if you have money to  keep you alive.

My slogan is FIRE.

Financially Independent and Retire Early.
I escaped from the 'job' trap at the age of 48 years.

I worked hard for money for 26 years, now money work for me. I just manage them, leisurely .

If you wait to retire at 55 or 60 you knee joints will not allow you to go anywhere except hospital and then to the final pace.

What I thought you put in words.
Really appreciate. Well said.
Thanks Chinwi.
You are a diamond.

http://sharemarket-srilanka.blogspot.co.uk/

Kithsiri


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

@ Chinwi
Wow.
This is what I have in my mind too.
Travelled enough and seen the World many times over and so all I want is a quite life now.
Helping others, teach poor kids how to speak in English and help with their Mathematics, set up a free Library for them etc.
I think I am almost there now. Very Happy 

UAEBOY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Chinwi wrote:
im already fed up with living as 2nd class citizen in other land.

I can understand. I came back within two years !
I have another friend who is at a top position in DXB, coming back after 17 years leaving the lucrative job.

I think you are matured enough to manage your life and wealth here. If you have kids exposed to comfort they may get hard time to adjust.

Do not expect hassle free driving. You have to learn not to get angry when others show unexpected and foolish behavior on the road.

About investments,

Buy a countryside land within few hrs reach from the residence,  and plant Kos, Del, pol , amba , rambutan etc. and you can enjoy real life when you feel fed-up in town. Select a poor good family to look after it and you can help them also without affecting your finance. Few thousands are big amount for them.  

Doing a job will be much difficult. Our pace is mush slower in everything. Many people are just sitting like puppets. I gave up doing jobs, they cannot cope with my speed. I get angry and next was high blood pressure. If you like chatting and gossip wow! then this is the best place.

Best way is starting your own place and train some youngsters.  

There are many scams targeting expatriate cash. Do not jump in without full investigation.

As rainmaker correctly said, few trips abroad is a must. I prefer Thailand mainly due to affordable costs and tasty  food. [ nothing else  Wink ]

As UKBoy said, study new highway system before buying lands. CMB-Kandy is coming.

After coming here, I studied many projects to start. We dropped many because : after paying salaries you get nothing.  

If you have enough money put half of it in FDs and buy good shares using the interest. Never go for margin trading.

Do not take risk by  investing all the money you have in everywhere. Better to keep at least 50 % in TB or FD until you develop any other steady income here.

Better not to bother about politicians or what they do. Do not argue in politics and waste your time and energy.

Finally, we miss many nice things in life while running for money and wealth.

We can do Bird watching, hiking, travelling in your own country, photography, helping poor..  etc.  There are many nice things to enjoy if you have money to  keep you alive.

My slogan is FIRE.

Financially Independent and Retire Early.
I escaped from the 'job' trap at the age of 48 years.

I worked hard for money for 26 years, now money work for me. I just manage them, leisurely .

If you wait to retire at 55 or 60 you knee joints will not allow you to go anywhere except hospital and then to the final pace.

You are the man Sir...Very Happy 

smallville


Associate Director - Equity Analytics
Associate Director - Equity Analytics

roshana7549 wrote:
My personnel view is that, Don't buy luxury houses(unless you are very very rich) since it stuck your hard earned money on non income generating source, other thing is bigger the house bigger the maintenance cost subsequently..... Same thing can be applied for the luxury cars also.............

It is always better to keep some money on Investments such as FD, Share mkt ,Land etc which can provide you an extra income... If you can save money from purchasing a affordable house rather than a luxury one, you could save some money for investments.........

LIFE IS NOT ABOUT PRETENDING THAT YOU ARE RICH TO OTHERS BUT INTERNAL HAPPINESS WHICH CAN BE DERIVED FROM MENTAL FREEDOM, when you got stuck with loans and debts which are difficult to be paid, life is more miserable. Therefore it s always better to be simple and debt free and which can give you some mental freedom.....

At last, someone's thinking goes inline with mine.. Razz 

Max spending u need to have a good house with good modern facilities & a comfortable car;
House - 9-10M
Car - 3-4M

chinwi wrote:
My slogan is FIRE.

Financially Independent and Retire Early.
I escaped from the 'job' trap at the age of 48 years.

I donno what to say.. ur simply an amazing man who understood the reality of life.. When I come to your age, I hope I can enjoy at least half of your perks Wink

Slstock


Director - Equity Analytics
Director - Equity Analytics

Chinwi wrote:
im already fed up with living as 2nd class citizen in other land.

I can understand. I came back within two years !
I have another friend who is at a top position in DXB, coming back after 17 years leaving the lucrative job.

I think you are matured enough to manage your life and wealth here. If you have kids exposed to comfort they may get hard time to adjust.

Do not expect hassle free driving. You have to learn not to get angry when others show unexpected and foolish behavior on the road.

About investments,

Buy a countryside land within few hrs reach from the residence,  and plant Kos, Del, pol , amba , rambutan etc. and you can enjoy real life when you feel fed-up in town. Select a poor good family to look after it and you can help them also without affecting your finance. Few thousands are big amount for them.  

Doing a job will be much difficult. Our pace is mush slower in everything. Many people are just sitting like puppets. I gave up doing jobs, they cannot cope with my speed. I get angry and next was high blood pressure. If you like chatting and gossip wow! then this is the best place.

Best way is starting your own place and train some youngsters.  

There are many scams targeting expatriate cash. Do not jump in without full investigation.

As rainmaker correctly said, few trips abroad is a must. I prefer Thailand mainly due to affordable costs and tasty  food. [ nothing else  Wink ]

As UKBoy said, study new highway system before buying lands. CMB-Kandy is coming.

After coming here, I studied many projects to start. We dropped many because : after paying salaries you get nothing.  

If you have enough money put half of it in FDs and buy good shares using the interest. Never go for margin trading.

Do not take risk by  investing all the money you have in everywhere. Better to keep at least 50 % in TB or FD until you develop any other steady income here.

Better not to bother about politicians or what they do. Do not argue in politics and waste your time and energy.

Finally, we miss many nice things in life while running for money and wealth.

We can do Bird watching, hiking, travelling in your own country, photography, helping poor..  etc.  There are many nice things to enjoy if you have money to  keep you alive.

My slogan is FIRE.

Financially Independent and Retire Early.
I escaped from the 'job' trap at the age of 48 years.

I worked hard for money for 26 years, now money work for me. I just manage them, leisurely .

If you wait to retire at 55 or 60 you knee joints will not allow you to go anywhere except hospital and then to the final pace.

Fantastic thinking.

Jake Sully

Jake Sully
Manager - Equity Analytics
Manager - Equity Analytics

Chinwi wrote:
im already fed up with living as 2nd class citizen in other land.

I can understand. I came back within two years !
I have another friend who is at a top position in DXB, coming back after 17 years leaving the lucrative job.

I think you are matured enough to manage your life and wealth here. If you have kids exposed to comfort they may get hard time to adjust.

Do not expect hassle free driving. You have to learn not to get angry when others show unexpected and foolish behavior on the road.

About investments,

Buy a countryside land within few hrs reach from the residence,  and plant Kos, Del, pol , amba , rambutan etc. and you can enjoy real life when you feel fed-up in town. Select a poor good family to look after it and you can help them also without affecting your finance. Few thousands are big amount for them.  

Doing a job will be much difficult. Our pace is mush slower in everything. Many people are just sitting like puppets. I gave up doing jobs, they cannot cope with my speed. I get angry and next was high blood pressure. If you like chatting and gossip wow! then this is the best place.

Best way is starting your own place and train some youngsters.  

There are many scams targeting expatriate cash. Do not jump in without full investigation.

As rainmaker correctly said, few trips abroad is a must. I prefer Thailand mainly due to affordable costs and tasty  food. [ nothing else  Wink ]

As UKBoy said, study new highway system before buying lands. CMB-Kandy is coming.

After coming here, I studied many projects to start. We dropped many because : after paying salaries you get nothing.  

If you have enough money put half of it in FDs and buy good shares using the interest. Never go for margin trading.

Do not take risk by  investing all the money you have in everywhere. Better to keep at least 50 % in TB or FD until you develop any other steady income here.

Better not to bother about politicians or what they do. Do not argue in politics and waste your time and energy.

Finally, we miss many nice things in life while running for money and wealth.

We can do Bird watching, hiking, travelling in your own country, photography, helping poor..  etc.  There are many nice things to enjoy if you have money to  keep you alive.

My slogan is FIRE.

Financially Independent and Retire Early.
I escaped from the 'job' trap at the age of 48 years.

I worked hard for money for 26 years, now money work for me. I just manage them, leisurely .

If you wait to retire at 55 or 60 you knee joints will not allow you to go anywhere except hospital and then to the final pace.

Good one, you deserve a salute.

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Thank you.

Not only me , everybody contributed nicely.

Thank you nalaka for stimulating us to write.

Yes I read Rich-Poor dad. FIRE is also somebody's idea.
The best thing is , when you read such books you realize you are not alone. Even here, now I know many of you think , dream similarly. That is encouraging and brings us closer.

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Chinwi, why dont u start a chapter on how u identify things;
Not in this thread, I mean a separate one.. I feel there's a lot we can learn from u than stocks for our lives.

Start with things like how u idealize-
1) Possible investment opportunities - real estate, stocks, etc..

2) Find the trends - where to put money, what kind of business to start, how economy would react to your thought, how you'd take current economical factors to your advantage and what stimulates future goals.

The above is just what came to my mind. I'm sure u have a lot in mind.. Pls share in your leisure..

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

smallville wrote:
UKboy wrote:
smallville wrote:Nalaka u seem to be living in UAE, there's a bit of color discrimination in UK n US as well...
It's a shame that Sri Lanka no longer offer dual citizenship. I can understand the intention but there are some genuine cases.

They re-opened I heard but its expensive now Crying or Very sad 

Small, thanks. I need to check again.

However as per below government site, its still the same but don’t know how often they update the site…Rolling Eyes 

Acceptance of Dual Citizenship applications are temporary discontinued until further notice. The new system is being developed and the public are kindly requested to wait for further announcement from the Department.http://www.immigration.gov.lk/web/index.php?option=com_content&view=article&id=238&Itemid=186&lang=en

When I checked few months ago it was on hold

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

nalaka_sg wrote:Hi guys,

this is not directly related to stocks. but like to get your  genuine comments on this.
i been living in overseas almost 15 years and thinking to go back to my roots. im already fed up with living as 2nd class citizen in other land.

i want to make exit strategy:idea:

@Nalaka

Seems you are very good position...... thinking of coming back.... Smile compared to the people who are to go away.....

I feel bit sad for the people in a position in other way around.... Sad
I am in a bit confused situation Sad Sad Sad not so sure! but tempting to go...

I guess and wish the best of luck to you and family....!!!
but better keep all options open whatever the decision you may implemented... next!

GL!

NUINTH


Senior Equity Analytic
Senior Equity Analytic

Hi all,

What a fatta talks....!!!!

Thx Nalaka for start this post.

From morning I red this page time to time. Thx Chinwi, Rainmaker, Alchemist & others. I know this is what were you learnt from your life, your experience. Above words are very strong, positive, meaningful & encourageble. All of us are fighters, we are runing few steps ahead than others. That's why we are gathering, talking & learning from here (According to my wife wasting time)

I believe, Chinwi's words good for life. After reading this post I did some changes of my Plan, targets (I'm maintaining excel file for that & happy to say I'm successfully achieving my targets one by one) My plan not only for me, it is for my whole family. Because I know they need me.

Nalaka,
Machan, as we know SL is better country with growing economy, lot of opportunities. But, think twice before make a decision, because sometimes we do not have a second chance. But all will depend person to person. For me, I try to earn as much I can & invest in stocks, lands, trees (Not start yet), FD, Insurance retirement plan in SL.

Thx all, good luck.

manula


Vice President - Equity Analytics
Vice President - Equity Analytics

nalaka_sg wrote:Hi guys,

this is not directly related to stocks. but like to get your  genuine comments on this.
i been living in overseas almost 15 years and thinking to go back to my roots. im already fed up with living as 2nd class citizen in other land.

i want to make exit strategy:idea:

Nalaka, I am also living in Qatar for 17Y. My family with two kids was staying with me here from small age till last august and I have send them back to SL because of schooling. My kids are in Y9 and Y7 . Here Education is not up to standard and no extra activities Both of them were with computer every time when they were here and now I am happy they are enjoying the life in SL, So we have to sacrifice from one side. I decide to stay for more years here thinking about the kids future. One good thing that I am working for Airline, so every month now I am flying back to SL for two/three days to see the kids, to refresh my memory. (Actually I am also fed up living here but we have to think about our family/ future/Job prospectus in SL etc,)

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Chinwi wrote:
im already fed up with living as 2nd class citizen in other land.

I can understand. I came back within two years !
I have another friend who is at a top position in DXB, coming back after 17 years leaving the lucrative job.

I think you are matured enough to manage your life and wealth here. If you have kids exposed to comfort they may get hard time to adjust.

Do not expect hassle free driving. You have to learn not to get angry when others show unexpected and foolish behavior on the road.

About investments,

Buy a countryside land within few hrs reach from the residence,  and plant Kos, Del, pol , amba , rambutan etc. and you can enjoy real life when you feel fed-up in town. Select a poor good family to look after it and you can help them also without affecting your finance. Few thousands are big amount for them.  

Doing a job will be much difficult. Our pace is mush slower in everything. Many people are just sitting like puppets. I gave up doing jobs, they cannot cope with my speed. I get angry and next was high blood pressure. If you like chatting and gossip wow! then this is the best place.

Best way is starting your own place and train some youngsters.  

There are many scams targeting expatriate cash. Do not jump in without full investigation.

As rainmaker correctly said, few trips abroad is a must. I prefer Thailand mainly due to affordable costs and tasty  food. [ nothing else  Wink ]

As UKBoy said, study new highway system before buying lands. CMB-Kandy is coming.

After coming here, I studied many projects to start. We dropped many because : after paying salaries you get nothing.  

If you have enough money put half of it in FDs and buy good shares using the interest. Never go for margin trading.

Do not take risk by  investing all the money you have in everywhere. Better to keep at least 50 % in TB or FD until you develop any other steady income here.

Better not to bother about politicians or what they do. Do not argue in politics and waste your time and energy.

Finally, we miss many nice things in life while running for money and wealth.

We can do Bird watching, hiking, travelling in your own country, photography, helping poor..  etc.  There are many nice things to enjoy if you have money to  keep you alive.

My slogan is FIRE.

Financially Independent and Retire Early.
I escaped from the 'job' trap at the age of 48 years.

I worked hard for money for 26 years, now money work for me. I just manage them, leisurely .

If you wait to retire at 55 or 60 you knee joints will not allow you to go anywhere except hospital and then to the final pace.

Eye opener for many & forced to think about life in a different angle... Thanks

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Chinwi thanks for the post. I agree with the job trap but do you feel aimless after some time? Sometimes you need something just to keep you sane.

I think the real trick is to overcome the regret feeling that you might get.... You know the feeling when you see others go in the opposite direction.

Also it helps to have a well rehearsed answer to the question on why you came back.

Or btw it also helps if your gf doesn't look like the one on the ad banner at the top of this page. You will have to get used to the staring and "ahhh nangi" shouts Razz 
True story of a former work colleague Wink 








Takecharge


Manager - Equity Analytics
Manager - Equity Analytics

UKboy wrote:
smallville wrote:
UKboy wrote:
smallville wrote:Nalaka u seem to be living in UAE, there's a bit of color discrimination in UK n US as well...
It's a shame that Sri Lanka no longer offer dual citizenship. I can understand the intention but there are some genuine cases.

They re-opened I heard but its expensive now Crying or Very sad 

Small, thanks. I need to check again.

However as per below government site, its still the same but don’t know how often they update the site…Rolling Eyes 

Acceptance of Dual Citizenship applications are temporary discontinued until further notice. The new system is being developed and the public are kindly requested to wait for further announcement from the Department.http://www.immigration.gov.lk/web/index.php?option=com_content&view=article&id=238&Itemid=186&lang=en

When I checked few months ago it was on hold
They keep telling us its on hold from last year, now hopefully by end of the year.

Arena


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Since the post is going to a good direction I would suggest you all, to read two books.

1) Rich Dad and poor dad series
2) The monk who sold his Ferrari.

These two books definitely tell what we all need in life to handle the inner peace and the financial freedom.

I am still 26 years old so i have no experience like you people. What i can tell is still i read "The monk who sold his Ferrari" when i feel depressed in life with exams an all.

Sasanka De Silva

Sasanka De Silva
Manager - Equity Analytics
Manager - Equity Analytics

Read Maximum City (last chapter) where a very rich man gave up all and became a mandicant, but secretly kept some amount (substantial amount) as his escapre route, in case his chosen one fails.
Have a plan B and do not burn all the bridges is my only advise.
Good luck. Very Happy 

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics

smallville wrote:At last, someone's thinking goes inline with mine.. Razz 

Max spending u need to have a good house with good modern facilities & a comfortable car;
House - 9-10M
Car - 3-4M
Interesting... So, one would need Rs 12~14 million house + car. To live a comfortable life in a place like Colombo, how much would a person need for everything else: food, entertainment, clothing, petrol, etc?

Did you know that Sri Lanka has a 'My Dream Home Programme', where foreign nationals (over 55 years old) can get a visa by (i) depositing US$15,000 in a fixed deposit account and (ii) showing a monthly remittance of US$ 1500 for the principal applicant + US$ 750 for each spouse and dependent child.

LateTackle

LateTackle
Senior Equity Analytic
Senior Equity Analytic

Chinwi wrote:
im already fed up with living as 2nd class citizen in other land.

I can understand. I came back within two years !
I have another friend who is at a top position in DXB, coming back after 17 years leaving the lucrative job.

I think you are matured enough to manage your life and wealth here. If you have kids exposed to comfort they may get hard time to adjust.

Do not expect hassle free driving. You have to learn not to get angry when others show unexpected and foolish behavior on the road.

About investments,

Buy a countryside land within few hrs reach from the residence,  and plant Kos, Del, pol , amba , rambutan etc. and you can enjoy real life when you feel fed-up in town. Select a poor good family to look after it and you can help them also without affecting your finance. Few thousands are big amount for them.  

Doing a job will be much difficult. Our pace is mush slower in everything. Many people are just sitting like puppets. I gave up doing jobs, they cannot cope with my speed. I get angry and next was high blood pressure. If you like chatting and gossip wow! then this is the best place.

Best way is starting your own place and train some youngsters.  

There are many scams targeting expatriate cash. Do not jump in without full investigation.

As rainmaker correctly said, few trips abroad is a must. I prefer Thailand mainly due to affordable costs and tasty  food. [ nothing else  Wink ]

As UKBoy said, study new highway system before buying lands. CMB-Kandy is coming.

After coming here, I studied many projects to start. We dropped many because : after paying salaries you get nothing.  

If you have enough money put half of it in FDs and buy good shares using the interest. Never go for margin trading.

Do not take risk by  investing all the money you have in everywhere. Better to keep at least 50 % in TB or FD until you develop any other steady income here.

Better not to bother about politicians or what they do. Do not argue in politics and waste your time and energy.

Finally, we miss many nice things in life while running for money and wealth.

We can do Bird watching, hiking, travelling in your own country, photography, helping poor..  etc.  There are many nice things to enjoy if you have money to  keep you alive.

My slogan is FIRE.

Financially Independent and Retire Early.
I escaped from the 'job' trap at the age of 48 years.

I worked hard for money for 26 years, now money work for me. I just manage them, leisurely .

If you wait to retire at 55 or 60 you knee joints will not allow you to go anywhere except hospital and then to the final pace.

Excellent advise, Thank you helped me focus as well.

45Is it good time to settle down in Sri Lanka how we plan it? - Page 2 Empty New dual citizenship process Sun Oct 20, 2013 3:41 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

hmm this's interesting. I can see the government's intension behind new tougher requirements for dual citizenships but a 5 probation period is kind of excess.

Amendments to Sri Lanka's dual citizenship laws held up by Legal Draftsman

Processing dual citizenship applications was suspended in early 2011 in order to draft the new stringent criteria.

Under the new criteria, a pre- examination procedure will be initiated to satisfy that a person applying for dual citizenship in Sri Lanka has fulfilled the requirements to make him eligible for such dual citizenship.

Accordingly, a Sri Lankan applicant holding a passport of another country will be given a permanent residency for five years first. After the five-year period the applicant will be eligible to receive the dual citizenship status.

http://www.colombopage.com/archive_13B/Oct20_1382250784CH.php

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics

Thanks for you all for valuable writing

stumpy

stumpy
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Chinwi wrote:
im already fed up with living as 2nd class citizen in other land.
I can understand. I came back within two years !
I have another friend who is at a top position in DXB, coming back after 17 years leaving the lucrative job.

I think you are matured enough to manage your life and wealth here. If you have kids exposed to comfort they may get hard time to adjust.

Do not expect hassle free driving. You have to learn not to get angry when others show unexpected and foolish behavior on the road.

About investments,

Buy a countryside land within few hrs reach from the residence,  and plant Kos, Del, pol , amba , rambutan etc. and you can enjoy real life when you feel fed-up in town. Select a poor good family to look after it and you can help them also without affecting your finance. Few thousands are big amount for them.  

Doing a job will be much difficult. Our pace is mush slower in everything. Many people are just sitting like puppets. I gave up doing jobs, they cannot cope with my speed. I get angry and next was high blood pressure. If you like chatting and gossip wow! then this is the best place.

Best way is starting your own place and train some youngsters.  

There are many scams targeting expatriate cash. Do not jump in without full investigation.

As rainmaker correctly said, few trips abroad is a must. I prefer Thailand mainly due to affordable costs and tasty  food. [ nothing else  Wink ]

As UKBoy said, study new highway system before buying lands. CMB-Kandy is coming.

After coming here, I studied many projects to start. We dropped many because : after paying salaries you get nothing.  

If you have enough money put half of it in FDs and buy good shares using the interest. Never go for margin trading.

Do not take risk by  investing all the money you have in everywhere. Better to keep at least 50 % in TB or FD until you develop any other steady income here.

Better not to bother about politicians or what they do. Do not argue in politics and waste your time and energy.

Finally, we miss many nice things in life while running for money and wealth.

We can do Bird watching, hiking, travelling in your own country, photography, helping poor..  etc.  There are many nice things to enjoy if you have money to  keep you alive.

My slogan is FIRE.

Financially Independent and Retire Early.
I escaped from the 'job' trap at the age of 48 years.

I worked hard for money for 26 years, now money work for me. I just manage them, leisurely .

If you wait to retire at 55 or 60 you knee joints will not allow you to go anywhere except hospital and then to the final pace.
Respect, Master! _/\_

pushpakumara


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Chinwi wrote:
im already fed up with living as 2nd class citizen in other land.
I can understand. I came back within two years !
I have another friend who is at a top position in DXB, coming back after 17 years leaving the lucrative job.

I think you are matured enough to manage your life and wealth here. If you have kids exposed to comfort they may get hard time to adjust.

Do not expect hassle free driving. You have to learn not to get angry when others show unexpected and foolish behavior on the road.

About investments,

Buy a countryside land within few hrs reach from the residence,  and plant Kos, Del, pol , amba , rambutan etc. and you can enjoy real life when you feel fed-up in town. Select a poor good family to look after it and you can help them also without affecting your finance. Few thousands are big amount for them.  

Doing a job will be much difficult. Our pace is mush slower in everything. Many people are just sitting like puppets. I gave up doing jobs, they cannot cope with my speed. I get angry and next was high blood pressure. If you like chatting and gossip wow! then this is the best place.

Best way is starting your own place and train some youngsters.  

There are many scams targeting expatriate cash. Do not jump in without full investigation.

As rainmaker correctly said, few trips abroad is a must. I prefer Thailand mainly due to affordable costs and tasty  food. [ nothing else  Wink ]

As UKBoy said, study new highway system before buying lands. CMB-Kandy is coming.

After coming here, I studied many projects to start. We dropped many because : after paying salaries you get nothing.  

If you have enough money put half of it in FDs and buy good shares using the interest. Never go for margin trading.

Do not take risk by  investing all the money you have in everywhere. Better to keep at least 50 % in TB or FD until you develop any other steady income here.

Better not to bother about politicians or what they do. Do not argue in politics and waste your time and energy.

Finally, we miss many nice things in life while running for money and wealth.

We can do Bird watching, hiking, travelling in your own country, photography, helping poor..  etc.  There are many nice things to enjoy if you have money to  keep you alive.

My slogan is FIRE.

Financially Independent and Retire Early.
I escaped from the 'job' trap at the age of 48 years.

I worked hard for money for 26 years, now money work for me. I just manage them, leisurely .

If you wait to retire at 55 or 60 you knee joints will not allow you to go anywhere except hospital and then to the final pace.
Excellent. Yours is the 2nd comment I was reading under the above topic. I am so impressed the way and order you have put your thoughts in. I was wondering how your thinking is in same line as mine. I wanted to reply to the main topic and then I saw your comment. As you said I too escaped the job trap sometime ago and have the freedom to work for my self and enjoy it........ good one Chinwi.

pushpakumara


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

roshana7549 wrote:
rainmaker wrote:Good question but you need to plan it well and it deserves more interrogation than the above responses.

Effectively what you need as a basic is a luxury house and a luxury car.

Secondly you need about 10m in FD that will provide a complementary income.

Thirdly you need a good job with a good salary plus plenty of perks .... entertainment allowance, luxury car, fuel, and plenty of foreign travel. You need the foreign travel to justify that your not missing anything just in case your inner mind starts saying things to you. Lots of social parties ( yes the crap you see in Hi magazine also helps )

I say this because you gotta aim high otherwise you will live in regret. Wink 

My personnel view is that, Don't buy luxury houses(unless you are very very rich) since it stuck your hard earned money on non income generating source, other thing is bigger the house bigger the maintenance cost subsequently..... Same thing can be applied for the luxury cars also.............

It is always better to keep some money on Investments such as FD, Share mkt ,Land etc which can provide you an extra income... If you can save money from purchasing a affordable house rather than a luxury one, you could save some money for investments.........

LIFE IS NOT ABOUT PRETENDING THAT YOU ARE RICH TO OTHERS BUT INTERNAL HAPPINESS WHICH CAN BE DERIVED FROM MENTAL FREEDOM, when you got stuck with loans and debts which are difficult to be paid, life is more miserable. Therefore it s always better to be simple and debt free and which can give you some mental freedom.....
Like the last para of yours. good one.

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

UKboy wrote:hmm this's interesting. I can see the government's intension behind new tougher requirements for dual citizenships but a 5 probation period is kind of excess.

Amendments to Sri Lanka's dual citizenship laws held up by Legal Draftsman

Processing dual citizenship applications was suspended in early 2011 in order to draft the new stringent criteria.

Under the new criteria, a pre- examination procedure will be initiated to satisfy that a person applying for dual citizenship in Sri Lanka has fulfilled the requirements to make him eligible for such dual citizenship.

Accordingly, a Sri Lankan applicant holding a passport of another country will be given a permanent residency for five years first. After the five-year period the applicant will be eligible to receive the dual citizenship status.

http://www.colombopage.com/archive_13B/Oct20_1382250784CH.php
Nice one...
Is it available yet?

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Antonym wrote:
smallville wrote:At last, someone's thinking goes inline with mine.. Razz 

Max spending u need to have a good house with good modern facilities & a comfortable car;
House - 9-10M
Car - 3-4M
Interesting... So, one would need Rs 12~14 million house + car. To live a comfortable life in a place like Colombo, how much would a person need for everything else: food, entertainment, clothing, petrol, etc?
Hmmm.. The prices I mentioned are not based not on a luxurious life but a fairly decent life with a balance of facilities. Surely u can build a 2 stories house with 10M. But I forgot the land prices. So the estimate would go for about 17-19 for house and car.
2 stories with 2-3 bed rooms, entertainment area, etc... with 2-3 bathrooms with some modern facilities, added to that plenty of garden space.. But I dont think u can do this in Colombo. U need to find a place from Moratuwa, Panadura towards down south and a bit of (1-2km) away from towns. Besides, town life is hectic, lot of noises and not in anyways suitable for a calm life.

With another 2-3 mil u also can have the 3rd floor build for leisure events, parties.
But this will also depend on the land prices.

food, entertainment, clothing, petrol, etc depend on ur life style rite?
For a family of 4 roughly;
Food - 17000 (home made)
others - depends


Antonym wrote:
Did you know that Sri Lanka has a 'My Dream Home Programme', where foreign nationals (over 55 years old) can get a visa by (i) depositing US$15,000 in a fixed deposit account and (ii) showing a monthly remittance of US$ 1500 for the principal applicant + US$ 750 for each spouse and dependent child.
Oh.. didnt know that Wink

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

@ stumpy & pushpakumara,

කලින් දිනයක ලියපු එකකට නැවතත් ලැබුන ප්‍රතිචාර වලට ස්තුතියි.

මම මේ දිනවල ඒ කියපු බිම් කඩක් ගැන මූලික වැඩ කරමින් ඉන්නෙ.
මතුගම හෝ කුරුඳුගහ පිවිසුම හරහා කොට්ටාව සිට පැය 1 - 1 1/2 ක් තුල යන්න පුලුවන් ප්‍රදෙශ තියෙනවා කඳුකර දිය පහරවල් සමග  අක්කරය ලක්ශ 3-5 අතර​.   මාර්ග පහසුකම්, ඉඩමේ බෑවුම , පස​ආදිය  අනුව මිල ගනන් වෙනස් වෙන්නෙ.

තාමත් විදේශයක සේවයේ යෙදෙන මාව 100% ක් විශ්වාස කරන වසන්ත නම් වූ මගේ  මිතුරෙක් මෙය දැනගත් හැටියේ කිසිම ලියැවිල්ලක් නැතුව 50% කට වඩා ආයෝජනය කලා. එම නිසා වපසරිය හිතුවට වඩා වැඩි කරගන්න පුලුවන් උනා. අපි එහි අපේ සිහින වගාවන් හා පරිසරය හදන්න තමයි අදහස​. එයට මම දාපු නම Chivas Region Smile

වැඩේ ලස්සනට කෙරුනොත් පින්තූර දාන්නම්.

econ

econ
Global Moderator

Chinwi wrote:@ stumpy & pushpakumara,

කලින් දිනයක ලියපු එකකට නැවතත් ලැබුන ප්‍රතිචාර වලට ස්තුතියි.

මම මේ දිනවල ඒ කියපු බිම් කඩක් ගැන මූලික වැඩ කරමින් ඉන්නෙ.
මතුගම හෝ කුරුඳුගහ පිවිසුම හරහා කොට්ටාව සිට පැය 1 - 1 1/2 ක් තුල යන්න පුලුවන් ප්‍රදෙශ තියෙනවා කඳුකර දිය පහරවල් සමග  අක්කරය ලක්ශ 3-5 අතර​.   මාර්ග පහසුකම්, ඉඩමේ බෑවුම , පස​ආදිය  අනුව මිල ගනන් වෙනස් වෙන්නෙ.

තාමත් විදේශයක සේවයේ යෙදෙන මාව 100% ක් විශ්වාස කරන වසන්ත නම් වූ මගේ  මිතුරෙක් මෙය දැනගත් හැටියේ කිසිම ලියැවිල්ලක් නැතුව 50% කට වඩා ආයෝජනය කලා. එම නිසා වපසරිය හිතුවට වඩා වැඩි කරගන්න පුලුවන් උනා. අපි එහි අපේ සිහින වගාවන් හා පරිසරය හදන්න තමයි අදහස​. එයට මම දාපු නම Chivas Region Smile

වැඩේ ලස්සනට කෙරුනොත් පින්තූර දාන්නම්.
akkaraya laksa 3-5 atara tiyena pradesha monawada? Ingiriya, horana, etc? bare land or rubber lands?

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Chinwi wrote:@ stumpy & pushpakumara,

කලින් දිනයක ලියපු එකකට නැවතත් ලැබුන ප්‍රතිචාර වලට ස්තුතියි.

මම මේ දිනවල ඒ කියපු බිම් කඩක් ගැන මූලික වැඩ කරමින් ඉන්නෙ.
මතුගම හෝ කුරුඳුගහ පිවිසුම හරහා කොට්ටාව සිට පැය 1 - 1 1/2 ක් තුල යන්න පුලුවන් ප්‍රදෙශ තියෙනවා කඳුකර දිය පහරවල් සමග  අක්කරය ලක්ශ 3-5 අතර​.   මාර්ග පහසුකම්, ඉඩමේ බෑවුම , පස​ආදිය  අනුව මිල ගනන් වෙනස් වෙන්නෙ.

තාමත් විදේශයක සේවයේ යෙදෙන මාව 100% ක් විශ්වාස කරන වසන්ත නම් වූ මගේ  මිතුරෙක් මෙය දැනගත් හැටියේ කිසිම ලියැවිල්ලක් නැතුව 50% කට වඩා ආයෝජනය කලා. එම නිසා වපසරිය හිතුවට වඩා වැඩි කරගන්න පුලුවන් උනා. අපි එහි අපේ සිහින වගාවන් හා පරිසරය හදන්න තමයි අදහස​. එයට මම දාපු නම Chivas Region Smile

වැඩේ ලස්සනට කෙරුනොත් පින්තූර දාන්නම්.
Congrats Chinwi... Its a good thing u inform us as well.. Razz 

Do u mind sharing a bit more.. My enthusiasm is also rising knowing this..

What are the areas that u can get for 1-3 laks? Especially areas such as "කඳුකර දිය පහරවල් සමග  මාර්ග පහසුකම්" 1 Acre is not a small place ha...

And what kind of work can we get this lands to do? Only cultivation? How about holiday bungalows?

Once gain.. thanks for sharing and all the best.. Smile

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Chinwi wrote:@ stumpy & pushpakumara,

කලින් දිනයක ලියපු එකකට නැවතත් ලැබුන ප්‍රතිචාර වලට ස්තුතියි.

මම මේ දිනවල ඒ කියපු බිම් කඩක් ගැන මූලික වැඩ කරමින් ඉන්නෙ.
මතුගම හෝ කුරුඳුගහ පිවිසුම හරහා කොට්ටාව සිට පැය 1 - 1 1/2 ක් තුල යන්න පුලුවන් ප්‍රදෙශ තියෙනවා කඳුකර දිය පහරවල් සමග  අක්කරය ලක්ශ 3-5 අතර​.   මාර්ග පහසුකම්, ඉඩමේ බෑවුම , පස​ආදිය  අනුව මිල ගනන් වෙනස් වෙන්නෙ.

තාමත් විදේශයක සේවයේ යෙදෙන මාව 100% ක් විශ්වාස කරන වසන්ත නම් වූ මගේ  මිතුරෙක් මෙය දැනගත් හැටියේ කිසිම ලියැවිල්ලක් නැතුව 50% කට වඩා ආයෝජනය කලා. එම නිසා වපසරිය හිතුවට වඩා වැඩි කරගන්න පුලුවන් උනා. අපි එහි අපේ සිහින වගාවන් හා පරිසරය හදන්න තමයි අදහස​. එයට මම දාපු නම Chivas Region Smile

වැඩේ ලස්සනට කෙරුනොත් පින්තූර දාන්නම්.
I know how you derived the name for the project. Anyway all the best.Very Happy 

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