Becoming a millionaire, LTF investment and Filing taxes | Bangkok Post: business

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Becoming a millionaire, LTF investment and Filing taxes

  • Published: | Viewed: 1,808 | Comments: 1
  • Newspaper section: Business
  • Writer: Thai Financial Planners Association
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My goal is to have 5 million baht in cash in five years. My income is 500,000 baht a year. Is it possible? And how? 

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ANSWER BY... Dr Chartchai Meesukkho, TFPA It may be difficult for you to reach 5 million baht in five years considering your current earnings. However, your task would be helped by trying to increase your income. Although investing in financial instruments such as stocks can only be expected to bring a 10-15% return annually, investing in yourself by acquiring new abilities and getting a new job or a higher position with a better salary could give you a much greater return. You would have more savings to invest in other assets. Great goals always require great dedication. Good luck!

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