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Post by rgs2001uk on Jun 14, 2018 21:16:20 GMT 7
^^^^ Rubber (Johnny) Man, was more like death by a thousand cuts, he made the classic mistake of thinking if he poured more money in it would solve his problems.
Orchard (Road) Man, was lucky, he had no more money left to put in, he walked away, at least his mrs didnt get her hands on his pensions.
Well done on cashing in at 54, I recently cashed in at 44,even had enough left over to buy a new stereo system.
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chiangmai
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Post by chiangmai on Jun 15, 2018 7:55:27 GMT 7
A nearby oil driller was similar, high earning and high spending, kids at international school and all the latest toys - he working x weeks on, y weeks off, big house, latest 4WD and bikes etc etc.
When the oil crunch started to bite he seemed worried, his personality changed and the family fights became the stuff of legends although he was still working. I asked him one day how he was holding up given all the pressures on the oil price etc., he said that in a worst case scenario he had two years money set aside, two months later he relented to wifey's demands and bought yet another piece of land nearby. Six months later he was gone back to live with mum in Aberdeen where the kids schooling is free, the bikes and cars are long gone, wifey remains in residence and the house is starting to look shabby, mysterious unknown Thai men come and go from time to time, sometimes the house is rented to tourists via an agent on a per day basis while she sleeps, ahem, elsewhere. The rise and fall of offshore oil man in Thailand, I guess he'd been knocking down something like 10k a month, if only he'd saved some of it.
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Post by Soutpeel on Jun 15, 2018 14:22:51 GMT 7
A nearby oil driller was similar, high earning and high spending, kids at international school and all the latest toys - he working x weeks on, y weeks off, big house, latest 4WD and bikes etc etc. When the oil crunch started to bite he seemed worried, his personality changed and the family fights became the stuff of legends although he was still working. I asked him one day how he was holding up given all the pressures on the oil price etc., he said that in a worst case scenario he had two years money set aside, two months later he relented to wifey's demands and bought yet another piece of land nearby. Six months later he was gone back to live with mum in Aberdeen where the kids schooling is free, the bikes and cars are long gone, wifey remains in residence and the house is starting to look shabby, mysterious unknown Thai men come and go from time to time, sometimes the house is rented to tourists via an agent on a per day basis while she sleeps, ahem, elsewhere. The rise and fall of offshore oil man in Thailand, I guess he'd been knocking down something like 10k a month, if only he'd saved some of it. As a fellow O&G man, if all this guy had managed to put away during the "boom years" heading up to the current cruch was 2 years contingency...then this guy was a fool of the highest order..... if this guy was far enough up the totem pole, he was on more than 10k/m during the boom days...i would suggest nearly double or triple that net, if he had the "right" position Seen this too many times...they think the good days will last for ever...and dont realise that business is boom and bust, and you need to plan for the bust years...granted the current "bust" had gone on longer than normal
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Post by rgs2001uk on Jun 15, 2018 22:01:18 GMT 7
CM, do you want to invest in my latest get rich quick scheme? Will cost you about 5,000 baht, regular income guaranteed.
I am thinking about investing in a "tent", have plenty of space, could set up a motocy shop outside the house, why is it always effin harleys these guys want to sell? Thats the first sign something isnt right, when the "toys" are being offloaded
Usually followed by effin Tunas, with blacked out windows.
Was even offered at one time, a beach house in Sattahip of all places.
Some "knucklehead" was trying to tell the "fatboys" had told him his Harley was worth x baht. I asked him if they could speak Thai, just a minute, I will tell you exactly what your pos is worth, phoned my mate India Daeng, x baht cash only, thats what your bike is worth right now. "No somchai is going to rip me off, I know whats this is worth"
Great stuff you hold onto it then, no doubt your knucle dragging mates will be knocking your door down tomorrow to snap it up, effin tosser.
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chiangmai
Crazy Mango Extraordinaire
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Post by chiangmai on Jun 16, 2018 4:13:41 GMT 7
A nearby oil driller was similar, high earning and high spending, kids at international school and all the latest toys - he working x weeks on, y weeks off, big house, latest 4WD and bikes etc etc. When the oil crunch started to bite he seemed worried, his personality changed and the family fights became the stuff of legends although he was still working. I asked him one day how he was holding up given all the pressures on the oil price etc., he said that in a worst case scenario he had two years money set aside, two months later he relented to wifey's demands and bought yet another piece of land nearby. Six months later he was gone back to live with mum in Aberdeen where the kids schooling is free, the bikes and cars are long gone, wifey remains in residence and the house is starting to look shabby, mysterious unknown Thai men come and go from time to time, sometimes the house is rented to tourists via an agent on a per day basis while she sleeps, ahem, elsewhere. The rise and fall of offshore oil man in Thailand, I guess he'd been knocking down something like 10k a month, if only he'd saved some of it. As a fellow O&G man, if all this guy had managed to put away during the "boom years" heading up to the current cruch was 2 years contingency...then this guy was a fool of the highest order..... if this guy was far enough up the totem pole, he was on more than 10k/m during the boom days...i would suggest nearly double or triple that net, if he had the "right" position Seen this too many times...they think the good days will last for ever...and dont realise that business is boom and bust, and you need to plan for the bust years...granted the current "bust" had gone on longer than normal According to a friend he ran a mud pump, I guess you will know what that means.
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Post by Soutpeel on Jun 16, 2018 6:20:22 GMT 7
As a fellow O&G man, if all this guy had managed to put away during the "boom years" heading up to the current cruch was 2 years contingency...then this guy was a fool of the highest order..... if this guy was far enough up the totem pole, he was on more than 10k/m during the boom days...i would suggest nearly double or triple that net, if he had the "right" position Seen this too many times...they think the good days will last for ever...and dont realise that business is boom and bust, and you need to plan for the bust years...granted the current "bust" had gone on longer than normal According to a friend he ran a mud pump, I guess you will know what that means. Ah ok dependent on the actual position as could be a generic term.. He could have literally the guy who operated the mud pump ie a mechanic type or could have been a Drilling Fluids Engineer,, ie the guy who looks after the drilling fluid aka drilling mud The position itself is not that high up on the totem pole, and would suspect both positions averages were/are sub USD 100k year even in the boom times...so it sounds like he was living beyond his means even during the good times...i guess he may have been in for around USD 70k to 80k year gross, then denpendent were working tax comes off that
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chiangmai
Crazy Mango Extraordinaire
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Post by chiangmai on Jun 16, 2018 9:55:36 GMT 7
According to a friend he ran a mud pump, I guess you will know what that means. Ah ok dependent on the actual position as could be a generic term.. He could have literally the guy who operated the mud pump ie a mechanic type or could have been a Drilling Fluids Engineer,, ie the guy who looks after the drilling fluid aka drilling mud The position itself is not that high up on the totem pole, and would suspect both positions averages were/are sub USD 100k year even in the boom times...so it sounds like he was living beyond his means even during the good times...i guess he may have been in for around USD 70k to 80k year gross, then denpendent were working tax comes off that He once told me he was part of an international expert team that could be deployed anywhere in the world hence his place of work was never the same, mind you, this was after a case of Asahi. I'm also not sure about his electrical skills nor his knowledge of pumps, the local rescue had to come to patch up his hand after he shorted himself whilst repairing a lamp, his wife told mine that she had to give him CPR, the kiss of life, not to be confused with the kiss of death which she'd already administered earlier - his instruction regarding my well pump wiring was also incorrect. Who knows and who cares, as wiser men have said, in Thailand, you can be whoever you want to be, my guess is the mud pump line was a cover for his being a member of Seal Team 6 although I may be mistaken.
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Post by Soutpeel on Jun 16, 2018 13:31:36 GMT 7
Ah ok dependent on the actual position as could be a generic term.. He could have literally the guy who operated the mud pump ie a mechanic type or could have been a Drilling Fluids Engineer,, ie the guy who looks after the drilling fluid aka drilling mud The position itself is not that high up on the totem pole, and would suspect both positions averages were/are sub USD 100k year even in the boom times...so it sounds like he was living beyond his means even during the good times...i guess he may have been in for around USD 70k to 80k year gross, then denpendent were working tax comes off that He once told me he was part of an international expert team that could be deployed anywhere in the world hence his place of work was never the same, mind you, this was after a case of Asahi. I'm also not sure about his electrical skills nor his knowledge of pumps, the local rescue had to come to patch up his hand after he shorted himself whilst repairing a lamp, his wife told mine that she had to give him CPR, the kiss of life, not to be confused with the kiss of death which she'd already administered earlier - his instruction regarding my well pump wiring was also incorrect. Who knows and who cares, as wiser men have said, in Thailand, you can be whoever you want to be, my guess is the mud pump line was a cover for his being a member of Seal Team 6 although I may be mistaken. Sounds like a blagger to me Uncle Soutie will make no comment about electical matters, as even he too has caused some small electrical fires in the house when wiring a double pole switch and socket...and when he took the offending socket offshore to seek expert advice from our I&E man, first thing came out of his mouth was...Soutie you daft kant...you have the bridge piece in the wrong holes...thats why it caught fire...silly barsteward
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