3 Ways Expats End Up Broke & Homeless - Philippines

[@Lifebeyondthesea]

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[@kennethedwards1677]

There are 3 expats that I know personally here. 2 are going broke or having money issues due to the female and her brood. One guy is almost completely bankrupt, supporting his wife's 4 kids, paying for their college, and even for her parents, which stay with them. He can't say 'no' to her financial requests. Another, recently went into hock paying for a wedding for his spouse's daughter, and now she, her husband, and new baby are staying with them. Finally, a the third guy, also married a widow with 4 kids, most younger, is supporting them, and I haven't heard much from them one way or another. Guys, PLEASE, what are we DOING, and AGREEING TO!?

[@miguelfilo962]

No woman or her family are worth a man being bled out financially. Men just say no. You have to work for money, never give it away to freeloaders.

[@blacklikethesun]

lol amateur move. dude was operating on desperation marrying single mothers

[@marianocapone8576]

Gentlemen, please WTF up! 😊

[@robertgrays8790]

They worked their whole life only to throw away their own standard of living for someone else's. You are #1 in your life. No one else will do that for you. Don't you ever forget that.

[@hughjass1044]

A fellow I work with used to go to The Philippines every winter and he always used to talk about how he was going to retire soon and move there to live a dream life in paradise. Luckily for him, he wasn't able to retire as soon as he wanted so he got to spend several winters there before taking the plunge. Well, he never did take the plunge because he ended up getting sick of the place and all of the leeches trying to separate him from his money. I had expressed some interest in going just to see the place and he gave me one piece of advise. He said go to a pawn shop and buy a cheap wedding band and wear it while you're there. He said that way, there's a lot better chance the leeches will leave you alone.

[@wannabemgtow2540]

Wow what a story. I'm planning to settle somewhere in South America before it gets crazier in the states. Unfortunately people are becoming frustrated and angrier due to politics and the deterioration of the American dream. But I am planning for a short time to go to the Philippines or Thailand just for the ego boost because I know many guys that went down there and experience that attention.

[@SteelerY360Nation]

I'm not married, and don't wanna be! Getting a wedding band before traveling is great advice! I'm gonna do that!!

[@wannabemgtow2540]

​@@SteelerY360Nation I don't think you need a wedding band all you have to do is remember to say no. It ain't like you meet a girl in the US and you like her and it doesn't work out and then you have to wait a couple years to mean another girl, over there is a totally different story you probably can meet a girl everyday.

[@dlewis9760]

People go places as a tourist and think the day to day is the same. Forget The Philippines. Pick Florida. You, maybe you and your wife. You go to Florida every winter. Condo, 2 or 3 weeks. Eating out. Sunny weather. You go home. It's cold and gray. You retire. Immediately load the van and move to Florida. You aren't living like a tourist anymore. You never lived in summer in Florida. You find out that the other 3 seasons of the year aren't for you. I've probably known 5 or 6 people that ended up moving back to New England after moving to Florida, based on a very narrow view of Florida. Anywhere. Try different seasons. Try extended stays. Live like a local and not like a tourist. Is it fun and interesting now? Or relatively mundane and nothing special.

[@chrisbunka]

As a result of this advice, I am going to work on my translation skills again so that I can bring in money doing freelance work online should I retire in the Philippines.

[@stevemorris3544]

Guys listen up. Reekay is trying to help. He has seen and heard all these stories. Stay with your budget and learn to say No. Slow slow down. Meet in person otherwise you really don't know this person. Make No major decisions for the first year. Have your income streams in place before coming. Stop your Knight in shining armor attitude. Watch out for the land sharks and a lot of them live online ie dating sites. Don't send money. Great advice, you just need to apply it.

[@Dutchy-1168]

Two ways to make money ; 1) A Man at work 2) Money at work # 1 is not possible because Expats are not allowed to work there . # 2 … you better have a lot of capital working at good returns OR a lot of pension income !! Think Guys with your big Head !

[@josecharles3883]

It depends on a connections. And where. Or have your own business restaurant most likely. Other options like a Digital Nomad. There are creative ways.I once was asked, can you be hired for work in the Philippines? I had to think about it. Most likely not.. But I have been working overseas as a U.S contractor for over 6 years and previous years in the U.S. Then comeback home to the Philippines. If a foreigner is qualified to work for Raytheon example its possible.The research is out there.

[@Giardintek]

Good advise, I was an expat in my own birth country where I met my current wife who was a "spendaholic and a leach. I kept saying "NO and she hated it and we kept braking up and getting back together, 11 years past and she is almost as stingy as I am now, LoL - She still hates it when I say NO, which my favorite word to say. Women can and will change, if not, they get left behind. But she has to know how fast you can replace her, if it comes down to it. I was in her country for years with no income and was doing fine. Always had enough for a plane ticket or a surprise expense. Had my credit card + cash on me. Golden rule #1 Never ever reveal your true financial worth to anyone, Look average and blend in. Don't try to look and act like big-shot, trying to look super rich, It's the fastest way to go broke..

[@haradagene5134]

Reekay, thank you always. I heard so many similar stories, it never ends. Nothing shocks me anymore！

[@thomasincali]

Good advice, I lucked out in Thailand and Philippines. I earned money online and now receive my retirement every month.

[@bonzotalonzo9072]

I would add some expats fly the coop here with their old habits/vices & think things will be different in another land. Some also have this grandiose idea that they're going to start some business venture & sit back & watch the pesos flow.

[@-1Hawk]

Thanks! You've given a blue print to success with your videos. All they need to do is a little search, also glad your eye surgery was successful. I'm sure you'll agree, sight is a beautiful thing. Keep up the great work.

[@Lifebeyondthesea]

thanks so much. appreciated. and yes, it's a miracle to see the world around me again. :)

[@-1Hawk]

@@Lifebeyondthesea 👊

[@terrycavender]

Good advice in any country, but especially in the Philippines with all the two legged temptations there. Men just get their head turned too easily and that's a fact.

[@commonsenseisntcommon1776]

There's no fool like an old fool!

[@alanguages]

A fool and his money are soon parted.

[@Wistundra]

Another excellent assessment !

[@caucasianafrican1435]

I love the term "land shark". It's so fitting.

[@davidssunstar]

Great real advice

[@carletto_au]

Hey, you are back like the good old days ❤

[@vortex659]

Thanks!

[@peterdyson9590]

Thanks for the advice , all worth considering .

[@Lifebeyondthesea]

Glad it was helpful!

[@brian_atc]

This is THE best, straight forward advice for expats to avoid disaster that I've seen full stop. The very first filipina i met online tried to scam me. I had no clue because Ive never heard/seen something like that before. Thank God I had some friends who, when I told them my concerns, warned me off of that situation.

[@geraldmayerhofer4843]

best way...entweder man schnallt es oder nicht, man kapiert es oder nicht?

[@rollingtinfist]

I’m glad you used the word “mercenary”. That’s the correct word. Fellas, ignore Reekay at your peril.

[@chrisplatt3869]

Giving that much money away is nuts stay the course with a budget you earned it

[@AlFakherFan]

Plenty of broke expats in Da Nang, Vietnam

[@Lawrencerice]

It never fails to amaze me how many men throw their assets at someone they barely even know. It's like, " What could possibly go wrong?"

[@HongVietLe-m8k]

You have a great voice for story telling ❤

[@preciousplasticph]

Philippines is a hard education. Philippines you gotta get up every morning and put your pants on and be productive. first rule. No matter where you are in the world it is the same. Filipinos however, a large number of Tambayan do not understand this and envy the rest of the world for it.

[@Dutchy-1168]

Good Advice

[@dannymckenzie3676]

Great advice

[@scottmason6282]

Great Video Reekay , Hope You Have A Wonderful Day ! 🙂🙂🙂🙏🙏🙏💯💯💯

[@hybrid711]

Good stuff Reekay.

[@travels129]

Yea great advice!!!spot on. Unless there only goin for a month or two

[@maxingaroundtheglobe]

Almost everyone I meet everyday there, they all tell me they have some kind of family medical emergency and need help. It's just part of their culture.

[@markjohansen6048]

Yes. I hear of so many expats who heard that the cosy of living here is low, and who then think they can live here for the rest of their lives on $20,000 or $30,000. Did these people not do the basic arithmetic? This size next egg divided by so much per month? If you had enough that you could invest it and live on the profitd, ok. Like if you figured, I have $500,000, I invest it in the stock Market and make 5% per year, that comes to $25,000 per year or a little over $2000 per month, so ill budget $2000 per month and I can live on that half million forever. plaudible. But thinking your going to live on $20k or $30k forever ... The math just doesn't work.

[@commonsenseisntcommon1776]

Don't be a SIMP

[@kennethedwards1677]

That's the #1 reason I see her for going broke.

[@TheGoldenGekko]

love the channel mate

[@Lifebeyondthesea]

Enjoy!

[@richardhayden6705]

U r right. You have to be careful there

[@kevinj5989]

Damn! Copying down credit card numbers and PIN codes! I've never heard that one before. Wow, you need to buy a little hotel safe and lock up your stuff every time you want to fall asleep! Thank you for the videos!

[@RPhTom]

No, a safe will make you a target. A German man was murdered for the contents of his safe. Filipinas talk so the whole village knows about the safe. Rpbbers ran straight for the safe.

[@Lifebeyondthesea]

i used a security bag, which is then hidden. a safe is a bit harder to hide. one of my security bags is only 6"x8" and can be locked to a fixed item. Loctote Flak Sack Ⅱ - Anti Theft Backpack.. amzn.to/3tXuBDk

[@wannabemgtow2540]

Yeah I can see that. In America even having what we call so-called money is still not enough to even have a companion in your life. I know plenty of guys that are doing really well have their own home and running some type of business still cannot find a romantic relationship. So when they go to a country that the females are attentive to them it's too much and they can't handle it.

[@caucasianafrican1435]

Bar Bar called it "male mother need".

[@selbstsein967]

If someone comes with 25K and think this is enough for 20 years even knowing you need 1K per month - then, this is not bad planning - this is pure stupidity 🙈

[@charleslichtman3978]

A wake up call

[@steved6269]

Seems like much of this can be avoided if you're in the right headspace and not completely and utterly desperate for female attention.

[@danthiesen4778]

Is it customary for a guy who is a Filipina's boyfriend or husband to pay the parents a monthly income or is it a personal decision to pay the parents so much per month?

[@Lifebeyondthesea]

the general 'rule' is to at least contribute what she would be contributing if she had not met you, which is usually around $200/month for the average filipina salary.

[@clydesmith3437]

RICKEY I Always enjoy your videos and you always give very good advice to guys here and guys planning to come here to ph.i don't understand why they get do blinded thinking $ is they key to love.Smh.great video

[@islandlifeinthephilippines1193]

A request for money for something can turn into a scam if the money wasnt used for the purpose intended

[@georgeanderson8215]

Great review of the truth! From you and a few other vloggers I have come to the belief that I can probably retire reasonably comfortably with low 6 digits in savings and a 3k (usd) monthly income. Your realistic views are always appreciated. God bless!

[@keithridlen7122]

Guys getting taken for all they're worth isn't a Philippines problem - it was going to happen to them no matter where they lived.

[@wabash1581]

3rd guy - Congratulations, you played yourself. That really does suck.

[@BillysWild]

Wow! I just do not understand guys giving money to people they don’t even know. Even if I think I might know someone I’m not giving them my money!!

[@garybarr7188]

Theres a sucker born every minute.

[@Usefullinformationphilippines]

Your timeline on $25,000 is not realistic. You have to have $5000 in start up money, to buy a scooter and first and last month rent plus security deposit and $5000 in an emergency fun in case you have to leave the Philippines for any reason or a medical emergency. It is possible to live on $1,000 a month but to live well you need $2,000 a month. So $10,000 is spoken for that leaves you $15,000 as soon as you get a girlfriend you’re going to have to spend at least $1,200 probably $1,500 a month if you go anywhere or do anything . You forgot the plain ticket to get there at least $1,000. On $25,000 you could realistically spend 10 months in the Philippines. You need a passive income of at least $2000 a month if you want to live in the Philippines that’s why young women date retired much older men because they have a pension or some other kind of passive income. Younger men get them pregnant and then go home again and they have had enough of that.

[@dennisb7930]

It seems worse then ever there in Philippines either scamming n trying to get money out of a foreigner first thing in a relationship if you do give a little like 40 usd that’s the start they will treat you like a human ATM machine get rid of that kind from the start

[@jefferywise1906]

I can’t see giving more than 10 to 15 % of your monthly budget to your spouse. You are already paying housing and all the bills, electric, water, phone, internet, and food…. So giving some but not even close to 50% if your income is enough. She can help her family and not come back for more. She can get her clothes shoes and what nots on her budget. You pay more than she could make working there then you’re probably paying to much. I’m thinking you have a SS income of $1,800 or more minimum to consider giving that 10-15%. That’s a good monthly stipend all things considered. She doesn’t need to work and has plenty since you pay the bills. I could pay that much and still save money every month. But I have a good monthly income by Philippine standards. Now if only Medicare would pay expat medical in the Philippines 🇵🇭 hays not to be, yet….

[@vasilybur]

No. If she asks for big chunks of money then she is a sneaky parasite. Same if her relatives ask for money and she knows that and she does not stop them or she doesn't tell her boyfriend not to give them money at very least. There is no reason to excuse them just because this is a different country "with its own dynamics". I mean one needs to have his own standards and especially so if he considers to get into a serious relationship. Regardless of the country it's his relationship so the standards need to be his. It's just wrong to blame the victim (a man) for being scammed that way - with stories and requests of money by saying that it was his own fault that he gave in. If anything like that happens it is a strong red flag. So instead of just saying "no" to this and "no" to that and living with her as if it's ok a man should be advised to absolutely stop considering her as his gf and to kick her out of his dwelling or to move out of his rental asap. She is going to cause him problems, she can't even play a long game in the market that is clearly not in her favor, that says something about her.

[@RaoulLaoyan]

Bruh!!! $500,000 is not an exorbitant amount of money in this economy. HOWEVER, financial discipline solves many problems. Good video.

[@deanrotering879]

Agreed. To live on that really isn’t enough

[@albertsammut433]

Well I'm giving my Princess 25 thousand pesos a month allowance but with that she's living frugal and slowly establishing a Sari Sari store business with it too..Already it's up and going and she's making 3k a week profits and growing as the store expands..Eventually we can live off the store and the allowance can go on things like trips and adventures around the Philippines.

[@wannabemgtow2540]

It must be easy setting up business in the Philippines, I know in the states it's so much red tape. Most people I know have to do everything under the books before they even have enough money to set up legit.

[@alikabok-es4sx]

Great upload, overflowing with important insights, but correct me if I am wrong. have you posted this video before??

[@Lifebeyondthesea]

yes. every now and then i will bring an old video back into rotation for the many new viewers to the channel who would otherwise never see it. over 7,200+ new subscribers in the last 28-days. :)

[@yipmabaruya1148]

[@DavidMoreno-bz3gd]

Thanks!