Young Expats Going Broke in The Philippines!

[@d9918]

Arriving in the Philippines without a good deal of cash is like arriving in the Arctic without a coat.

[@ZoKitchen]

its like going to w4r without a gum eheh no time to get ready, stay ready in my humble opinion

[@BigJoe-g3o]

i don't even know how they can stay there ? what visa are they on ?

[@kennethedwards1677]

Right, an overpriced country for what it offers. Go to Thailand, instead.

[@kathiemathias212]

@@kennethedwards1677cheap but language barrier

[@222jojo]

@@kennethedwards1677 Sure...we believe you

[@josephbarrett4938]

The Philippines is a ticket to a cheaper lifestyle but a lower standard lifestyle.

[@CurtisMoe]

Its not too much different here in Central and South America. But I am happy to give up a few Western comforts for more personal freedom.

[@segarnyagold1014]

@@CurtisMoe food is more palatable in C /S America

[@kennethedwards1677]

@@CurtisMoe I just got back from a visa run in Thailand, and was obviously better in several metrics, including infrastructure. Sorry to say, but the Philippines may well be at the bottom of the heap.

[@metalmike570]

@@kennethedwards1677 It's better for a retiree than some crowded US city, and financially too.

[@Battleneter]

Depends on what you mean by a lower standard of lifestyle, as we age we care less about "things" and more about experiences and memory's.

[@franciscoaguilar123]

Solid advice. Its seems way too many KZbinrs give bad advice selling a dream. After visiting SE Asia several times its about 1/3 the price of a Western Country. If it takes you $6,000 USD to survive here then expect to pay $2,000 in the Philippines. Then expect a $10,000 to $15,000 setup costs to get into a place, moving, scooter, cooking items, furniture, etc. Sure if you don't mind living in a bamboo hut and no indoor plumbing you can live for $600 and listen to roosters at 2am and fight bugs at all hours of the night. Otherwise expect to pay $1,500, $2,000 to $2,500 month depending on location and lifestyle. Then if you have a family or girlfriend that price jumps up by another $500 to $1,000 month. Its easy to see how someone that believes they can live off $600 or $800 month goes broke especially if they get a woman pregnant.

[@metalmike570]

Well the KZbinr Warren Redlich says his condo is $700 month there. I have a feeling that is 100% spot on. You're showing US prices so I don't buy all you information. If a dude goes there and gets a lady pregnant I agree with you 100%, game over.

[@franciscoaguilar123]

@@metalmike570 When you have a $700 condo and then start adding in food, electricity / air conditioning, scooter, internet, eating out, entertainment, cleaning, insurance, phone, etc. you're going to be getting close to $1,500 real quick. A lot of expats eat out almost daily and their food / coffee / bar bill can easily be $400 to $600+ month then electricity is expensive and can be $80 to $150. Just add in all the expenses and you'll understand that $1,500 is not that much to live on the Philippines and exactly why all of these people go broke. Its very easy to spend $2,000 or $2,500+ if you want to have a fun lifestyle plus travel some.

[@metalmike570]

@@franciscoaguilar123 I see, it makes a difference like the class of life that we want to live. I won't be going there for a few years I think but thanks for the information.

[@Maria-x6l7r]

My friend went to PH with $110k he returned broke after 2 years

[@pepelapew-k5z]

Don't take financial advice from him. LOL

[@pierrebonnard990]

Please tell us more! How did he blow more than 50k/year?

[@Ego-Kills]

When your vices control you, $110K is nothing. People lose millions.

[@hammertyme8392]

I'm surprised it took that long.

[@hammertyme8392]

​@@pierrebonnard990 I can tell you. Women

[@hammertyme8392]

I've been living overseas for 4yrs now and have seen first-hand guys going broke. Guys on KZbin selling this idea that you can live in another country for a $1000 per month is a lie. There are two ways you're going to go broke. The first is a woman. Funding a woman's lifestyle has and never will work. And the second is not knowing how to budget. You have to live below your means. I sit down with my wife every day at 7pm and do a daily budget. We know what our daily limit is. It's easier to make up ground when you do a daily budget rather than a monthly budget.

[@Dan-q6v1v]

Americans have a safety net back home in the US with benefits like unemployment or other social services. Many fall through too. But in the Philippines you got nothing! No safety net at all.

[@rod1147]

There's tons of lonely guys in America who have more discipline than to go broke in the phils, so the heck with saving these guys with go fund me or donations

[@btrevrydy9731]

Under 40 man here who is a big fan. Been in Philippines 1.5 years thanks to your advice and Mr Reekays. Travel nurse from the US. If you listen to those who have done what you want to do and put in the hard work, it's 100% possible

[@thailandmalcolm]

Good advice. I live in Thailand. I live in an older condo in Pattaya (a 5-minute scooter ride to the beach). It is all concrete, so the rooms are quiet (I have a video of the condo). I am on the ninth floor, so the sunsets are great, and I do not have much trouble with mosquitoes or road noise. We have a large pool with a slide. There is a restaurant by the pool; most meals are 3-7 dollars. My rent is $207/month. I have a new wall unit A/C, that I run 24/7 and my electric bill is $30/month. My room is 270 square feet or 30 square meters. It has plenty of room for a single guy.

[@jerrylance4932]

If there’s even a chance that you go broke, then you should stay in the USA and keep working. Going broke is not an option for a foreigner in a 3rd world country.

[@Thomaspoa]

YOLO. Dying ain't much of a living.

[@jetd9716]

No uncle SAM here either. Or freebies.

[@garymoody9087]

A big part of life is failing. Everyone does. Key is to figure it out, not easy. Have a backup plan.

[@hammertyme8392]

Failing in a foreign country is about the dumbest thing you can do. You have no way to make that up. If you fail to plan, plan to fail.

[@garymoody9087]

@@hammertyme8392 failing in the US is common.

[@DarioHolbrook]

The guy who got kidnapped is from the US

[@tonykitchen8631]

Vermont

[@mapleleaf7530]

YA,,,, Talking the Talk and Walking the Walk of life is a path forever changing ,, Being prepared is the first step ..Thanks Mark

[@bonefishboards]

Maybe these young guys can go to college on that inheritance and get a good job in the US. As a vet, you have even more college benefits. Women like men who can hold a good, steady job with benefits. It's not that hard.

[@Bucketlistcarl]

Hi Mark, I just arrived in duma yesterday. I might stay here until mid January, not sure. Did you mention in a recent video that you do not use your motorbike smush or at all since the baby? Would you rent it for a few days, would it be better for me to rent at hey dudz? Don’t know anything about these small motorbikes, any suggestions? Thanks, Carl

[@everymanhasastory]

Hi Carl I sold my motorcycle and my wife still uses her scooter. Lots of bike rental shops in Dumaguete. Contact me if you would like to be a guest on my show. [e-mail]

[@tangobear3536]

Important video. Lots of other KZbin Channels give naive guys the impression that it will be the Garden of Eden where a dream gal (a 10) will love you (a 5) long time, problem free. Breaking News, guys: that ain't reality for most guys. There might be a few (5%) who win, but the majority will experience a slog of life (kid$, relative$, hou$e)--not a dream scenario, and some will experience disaster. Your video on some of the realities (particularly healthcare) is must viewing for anybody considering a move to a Third-World country--a bad place to go broke.

[@BuzzMccabe-iu9ph]

More proof that economics is not taught in school.

[@segarnyagold1014]

I was just over there, scouting around various places in the Philippines. The climate in the hills on Valencia is awesome. I don’t see how folks can live in Dumaguete, when Valencia is just 15-20 minutes away.

[@ParkerBG]

Some people want the more active city life

[@ncascadehiker]

Military “disability” is something I just learned about. I know several able-bodied people who receive partial or full “disability” from the military. I sensed that disability benefits are being abused, and an older veteran confirmed it.

[@SeaTraveller2000]

If you are disabled then you are disabled. You can't abuse compensation that you are evaluated and approved for

[@ncascadehiker]

@ - Well, just because you can apply for it, doesn’t mean you should. It’s a moral question. These guys never went to war. They may have left the military with sore knees. It sounded to me they exploited the benefit. They acted cocky.

[@Thomaspoa]

Only the most principled vets won't accept it. It's almost a guaranteed part of retirement.

[@metalmike570]

There are sleep apnea ratings, Physical injury ratings, and PTSD ratings. Also mental evaluations related to deployments like depression. So addded up we can get 80, 90 or even a 100% rating.

[@nathanielcarreon5634]

Still have a house there being rented out but life there is a lot harder for most people than used to be like anywhere else. Things were a lot better then.

[@BelusTraveller]

Im 17500.00 in 6 years vested, 2 farms, Condo, Two story Typhoon/Disaster Build we call home, Thats out the window, No income yet here what so ever, Next quarter will be the first income here in 6 years, You better have passive monthly or you will not make it long, I have seen multiple expats fail, from relationships to Business to even being killed. Its a tropical paradise, but in reality of very hard life. We are massive assets to our Community employing many, Many, many in 6 years. Up to 47 people in a single day, This is not a dream land its real reality, But this would have costed 1.5 to 2 million in US. For the same model. We live on 1500 a month budget with all Philippines assets Family Incorporated 5 people.I started Paying for asset 2 years before arrival, If your broke go home save up then try again and learn from your mistakes God Bless

[@everymanhasastory]

Thank you for watching and for taking the time to share your experiences 😊 I would love to have you on my show [e-mail]

[@Matt-p4i3t]

I spent way more that I thought getting settled, and making mistakes in the PH. I cringe when Filipinas call me generous. I'm way too nice for my own good. I'm 48 so I need to be careful with my savings living here.

[@metalmike570]

Keep the women at a distance, be careful. Get a vasectomy or you could end up losing everything, right? At least if you have sex use condoms. Having babies - please make sure she's a decent women or you will lose just about everything!! I am speaking from 100% experience.

[@Matt-p4i3t]

@@metalmike570 -Yeah that true, as I don't want to be broke. Don't be a fool, wrap your tool. lol I did find a good woman though. I'm not a target for the scammers anymore.

[@rons2079]

Care to share what your lifestyle is there? What part of Phillipines did you settle? Condo with amenities? Ballpark number to get started there? Driving on a scooter there is probably a no for me in any city. May consider in a province.

[@pepelapew-k5z]

@@rons2079 So. If you get hit by a bus on a scooter in the Province it will not kill you??

[@kennethedwards1677]

@@metalmike570 Ditto for adopting a brood not your own. Stay away from single mothers as well.

[@PatDe-zj4et]

Listening from West Virginia 😊

[@stevemorris3544]

Real life is serious and will teach them regardless. Darwin and Murphy will have their way too. Don't have a good steady income, your not going to make it. 50K will not last long much less your whole life. Good Luck to them.

[@donyboy73]

Hi Mark, great videos. I'm a new subscriber here, just wondering if you have a video on house prices in the Philippines?

[@Tony-t9u8p]

Unfortunately $50-k in America will not go very far but in the Philippines 🇵🇭 it will last longer.

[@wasblindbutnowsee]

Down trodden ? I was medically retired in 1975 with a mental disability. I couldn't, and didn't have any conversation with another human being for 40 years until May 10th, of 2017 when God healed me. When I could control my own thoughts, I saw for the first time what had happened to me. I was hurt angry and disappointed. I was screaming, crying angry everyday for over 6 years , imagining what my life might have been , if I had had an opportunity to have a life. For almost a year now, I suppose I'm almost "normal" , but beat down by life at every turn almost every day I've lived, so I'm not very optimistic about the "wonders of life" I'm going to experience at 72 years of age. Even if I was , I can't join any conversation about BS , so I still don't talk to anybody. It's great to meet people with similar life experiences. There aren't other people on this planet with a similar experience. I am feeling a bit down trodden.

[@everymanhasastory]

I'm so sorry to hear about your problems. Hang in there

[@wasblindbutnowsee]

​@everymanhasastory Thanks so much. If everything goes south someday and I see you sitting on the sidewalk with your hand out, you might forget that others care for you , too. If I see you there , hungry and alone ,you can bet, I'll remind you to hang in there.

[@samratsai7062]

I love the grounded reality of this channel!! Retirement took a toll on my finances, but I am so excited with my involvement in the digital market. $110k monthly has been life changing. Regardless of how bad it gets on the economy.

[@KuramaUchiha-id1ow]

Hello how do you make such monthly??

[@amalmberg13]

Impressive! Been trying to trade on my own for a while now, but it isn't going well. few months ago I lost about $27,000 in the trade. Can you please at least advise me on what to do?

[@samratsai7062]

Sorry about that…. Well I started with Maira Angelina Alexander in 2023 and now my life is good some thing to write home about!!!! I thank God🤲🤲

[@samratsai7062]

She's a licensed broker here in the states🇺🇸 and finance advisor.

[@samratsai7062]

Giving her my initial savings of $43,000 to invest in a brokerage account was a turning point in my life. It's been an incredibly rewarding experience and the best decision I ever made!

[@backagain4896]

They must be doing something terribly wrong. It sounded like you could live as cheap as like $500 a month in some provinces. Even $2k a month isnt bad. Im amazed they didnt come over with decent amount of assets or income.

[@JMgmkh]

Mark. Some of the comments here are doozies tonight. 🤣🤣🤣

[@CandlestickTV]

They run they whole life man. Trying to escape responsibility, and go there and nothing changes lol jus wild to see

[@dark2light263]

Too risky if you don't know everything you're getting yourself into. Otherwise, if you love a place that much just vacation there.

[@DawnJ86]

Planning is necessary as mark mentioned here if one would look for a longer stay in the country. From what i gather, the pepole mark is talking about here are just tourists who prolonged their stay. Probably drunks and potheads too. One serious note i took from the video though is that Mark is talking about having an emergency fund set aside for unexpected situations beyond day-to-day expenses. 0:02 0:02

[@hammertyme8392]

If you are going to live overseas, you have got to have an income. A good, steady guaranteed income. You can not do it on savings alone. Unless you are a multimillionaire, 500k ain't gonna cut it. You have to plan for things like taxes, things to go wrong, things to break, illnesses, travel, insurance, theft, stock market crash, and just plan stupidity. And that's just your end. If you have a wife/girlfriend, then it's double. I live overseas and it is not as easy as you might think or have been lead to believe.

[@fialee8ca132]

If you have $500k... you can generate $40k a year or $3.3k a month in dividends and interest... or $34k a year or $2.8k a month after taxes.. If you budget correctly, that can last a lifetime.

[@Thomaspoa]

No such thing as a steady guaranteed income. Most of the remote jobs people live on these days didn't exist 10 years ago, and the major currencies are being printed into oblivion. Gold has to be stored in someone else's vault. Ashes to ashes and dust to dust.

[@JudelynBusaco]

Remote work is a race to the bottom. Why pay a westerner a western salary if they live in the Philippines? Some Filipino willing to do the same job for peanuts. Even some person in India, Africa anywhere can do it cheap.

[@Andreourdad]

Be a street vendor and make local income… A Ken like Barbie of Siargao.

[@crisprtalk6963]

WE have a lot of people here in US on disability who are just fine.

[@paulmackie5622]

they probsbly hsve Medicaid and section 8 housing

[@theviking2877]

You can see them on youtube. They have full military disability pays

[@metalmike570]

@@paulmackie5622 That's a trifecta. Disability, Medicaid and section 8 Housing. 🤔💩💩😖

[@metalmike570]

@@theviking2877 Yeah don't go over there without some base income.

[@tdgdbs1]

@@theviking2877 They earned every penny of that VA disability compensation. Retired Army nurse of 30 years, I've seen what those guys went though; pain you can't see.

[@paulmackie5622]

good video with good info

[@AMERICAFIRST54]

I'm considering visiting the Philippines after watching several of your videos. I'm retired 70yo single with a steady income. Would you tell me some of the do's and do nots? I've never been out of the U.S.A. male

[@JoseGarcia-o2m9s]

Long trip hopefully worthwhile to you

[@AMERICAFIRST54]

@JoseGarcia-o2m9s I'm 70, but not the typical seventy. I've kept myself in good shame.

[@BradGrayable]

Depends on what you want to do. Are you a hiker that wants to visit the mountains? Or would you rather kick it on a beach somewhere? Are you looking for a companion or something else? I've done a little of it all but I'm also generally spending my time at historical locations and eating all the delicious food! Either one, I'd at a minimum look into a guide. Not because you'd need one but because they're generally cheap. Most of the country speaks great English... But I feel like a guide would help with some of the things majorly(as far as transit, jeepneys, food, and general travel). It's a great country. So many things to see and I've just barely scratched the surface. I didn't experience much culture shock during my visits but there are some parts of the country where lifestyle regularities are different from America in major ways.

[@segarnyagold1014]

?? Watch a lot of KZbinrs. Then go take a trip for as long as you can afford / handle. Food can be terrible. Main thing is to see a divers number of places. You can leave in a modern secluded western bubble like BGC or Mac Newtown, or you can live amongst the people, but in a relatively westernized place in general Manila or Cebu, or you can live in a much more traditional Philippine neighborhood, etc. touristy islands are very different than non touristy islands, etc. boots on the ground totally required for proper assessment.

[@metalmike570]

@@AMERICAFIRST54 If you have sex there with a lady always use a condom. Just saying if she's pregnant you're about done.

[@abc-mf4jn]

You will not go too far with women who are nothing, but pocket-mates. #1 Don't marry; It makes no sense. Just rent.

[@metalmike570]

And if they want to have sex always use protection.

[@garyt7232]

The "that will never happen to me" mentality is foolish. Poor planning. Appreciate the vlog. All the best to you, Jen, and Rogan.

[@silverfox2957]

Now you have decided to buy some furniture for your house after living in a empty house for years.

[@leroyybrown]

Great video Mark, if you weren’t streetwise at home that’s OK but you’ll need to learn fast.

[@marktapley7571]

Lots of men that go to S.E. Asia failed to achieve any success in their own country so they think they can move their failed operation to a lower economic environment and succeed. Western women of any SMV will not take up with a basement dwelling loser very long even if he is physically attractive because men also need to be able to provide wealth and status to women. Women in the west typically only pursue the top 10-15% of men on the dating sites even when the woman herself is a 5 or less. Most men are therefore invisible and as Asian Women are exposed to more of these losers it is only a matter of time before they raise their standards also. No high SMV woman should accept any man if he only has a social security check or in the case of the younger ones a low income.

[@Boddav]

Unless you are working for an American Interest or Military .Contributing to your entitlements,building your resume,building an empire and are recognized, South East Asia is not where You should be spending your earner years.Spending your off time there is fine. But Asians don’t want outsider non contributors in their midst. I rely on the theory that is long as I give more than I receive I’ll be welcome.

[@aboveitall9600]

A lot of KZbinrs are selling luxury on the cheap. They don’t want to loose subs…A lot of Filipinos watch foreigners and what they are saying about the Philippines. Say the wrong thing and you are going to get a huge push back. It’s not luxury on the cheap guys, it’s cheaper to live but the amenities are less…the comforts…available goods…it all depends on what you want . Going broke in the Philippines…is one of the worst decisions you can make. Keep that in mind.

[@frontendzen4852]

I am 41 but never had issues dating. Maybe my genetics because I am 6'2. Dating anywhere in world has been pretty easy. Not sure why many guys struggle my age. Get off your butts, get to gym, be relevant.

[@metalmike570]

Yeah dudes that are alphas and Chads.

[@glorgau]

I only have 20% disability from an E-4s pay. Best described as a bit better than a sharp stick in the eye.

[@patd4u2]

Not sure what disability you are receiving, the VA does not pay by what rank or pay grade you were when paying your compensation it is the same pay for all ranks. And Military disability retirement pay has to be at 30% or higher.

[@marktapley7571]

You volunteered for the military (Israeli Foreign Legion). Suck it up Nancy.

[@metalmike570]

@@patd4u2 Well he could have VA Comp at 20%, and it's for life so may as well say for retirement. He isn't schooled enough to realize it has notthing to do with rank I guess. 😆

[@snidelywhiplash6889]

But love conquers all right? Not even

[@jamesgilbert2181]

One thing I really noticed that you don't see large age gap relationship up north not like the central or southern Philippines where you will meet the poor girls that will give you the family problems

[@wayneparke554]

It seems as if all of the KZbinrs are in Dumaguete. Why don't I ever see anyone in Bacolod? I would love to hear more about Bacolod.

[@davidboskett5581]

I have been to many places in PI but I do like Bacolod because it is a very clean and tidy city and if I was going to live in PI it is one place I would consider

[@sureshbadrinauth115]

Very honest and helpful advice. Thank you.

[@justflooreit4me1]

Hi, just checking in

[@DorianSilas]

interesting......

[@ChuckFasst]

You need a niche if you're going to even be able to monetize a KZbin channel. Much less make any kind of significant revenue that's going to help you over there.

[@everymanhasastory]

I agree with you 💯

[@philomenamagill700]

Well said

[@Loigis]

Bless them

[@mikemcquinn6738]

Always good advice and suggestions. Thanks!!!

[@chadrutherford-ps9je]

Part of the problem is that in America it’s so hard for the younger generation to meet, interact or date with any woman these days. They just don’t have enough experience with women bc of social media. Doesn’t matter where you go, if you don’t have enough experiences with women you’re going to get rolled. They know what they’re doing in every country. You need experience no matter where you are or where you go.

[@JudelynBusaco]

Who quits a good career in the West before retirement age and moves abroad with no job? Either they had lousy jobs or they’re escaping something. Otherwise why so desperate to leave their own country. Some guys need to come to terms with their bad decisions.

[@meatgravylard]

I'll answer that. -I did, retired at fifty two. -I ended my highly enjoyable business at my peak of earnings and sold my client list, then moved abroad. -Nothing to escape, had it all. -Wasn't desperate in the least. -Best descision I ever made, maybe the second best.

[@jamessmith1652]

They hope to make it work I guess. Nobody is guaranteed to make it to retirement age. The worst thing is to pin all your plans on retirement age and not even make it.

[@tonykitchen8631]

If it was mindiowe he from Vermont

[@wolfe5047]

%0000 in a High yield covered call etf can generate about 1000 a month in income. But your not guaranteed that amount. It could go up or down depending on the stock market.

[@ShadowPrince-r4f]

Hey, with these kinds of ETFs, the price is more likely to drop faster than the yield you're getting. And then, you know what happens? They cut the dividend payout. A simpler and safer option is to go with a 40/60 split between BND and SPY, and withdraw 4% a year. Trust me, it's a solid plan.

[@wolfe5047]

That is an option also but will need more than 50000 to get 1000 a month average income

[@HenryJuicer-sx4sr]

You're talking 40year olds???? Hahahha

[@HighStakesDanny]

Zero sympathy. You couldn’t build a machine to measure my indifference to this so-called problem.

[@saleemakhtar87]

Good guidance ❤

[@grumpyolddude439]

talking about disabled vets and sayiing...you'd never know it to look at them...is apallingly ignorant. The emotional trauma of combat, can not be overstated. Just lost a sub for that one

[@RN_LV2018]

Username checks out

[@ernesto462]

Great advice!

[@butwhole-r9q]

I live off of 400 American dollars a month... I am on welfare and living like a king

[@rodneybrown1924]

You cant live comfortably in the Philippines on less than $2000 a month renewable income. If you think you can your fooling yourself.

[@satysunk]

Do you live in the USA or the Philippines?

[@butwhole-r9q]

@satysunk kzbin.infoJmELvcGy_OU?si=WbmxETJsbUiVSvfH

[@elizabethc.lindsay5321]

Nice video.

[@ivanonthehustle4623]

Sir, I understand that these are your opinions , my comment pertains to you saying veterans are coming over there and appear to be okay and they're receiving disability. If you've never been in the military, you don't know what type of injuries that person may have, so please refrain from making those types of references on veterans!

[@Ego-Kills]

Yes that was an insult to our veterans. I wasn't in the military but I have a high respect for them. May be he is a telepathic doctor 😂

[@genericchannel5899]

​​@@Ego-Kills yeah, or maybe anyone who was in the military knows that they encourage you to game the system. Guys in ph or thai on 100% disability are doing iron man competitions, drinking like they're still 21, and buying prostitutes 2 at a time. You can support the troops without supporting theft from the American public. (Though if I was the one complaining, I'd be more worried about the massive graft inherent in the for-profit defense contractors/corps.)

[@Ego-Kills]

@@genericchannel5899 USA military, US pension office and doctors know better than you. What qualifications do you have to judge or accuse them of fraud? Did you check their medical record? Come on bro, don't pass judgment

[@genericchannel5899]

@@Ego-Kills All I know is what my retired friends tell me. "100% disability" status doesn't necessarily have anything to do with current bodily ability. There are even private companies that you can pay to get your disability status increased. It's often very shady. But I'm not casting judgment on those who actually got hurt and need the help. I hope they get all the assistance they could ever ask for! Like anything involving government, there's too much room for the liars and politicians to bleed much-needed programs dry. And that hurts the people who actually need and deserve the assistance.

[@expatlifeinph]

Good advice for all.

[@Tommy_taipei]

You lost weight

[@markadler8968]

50K is absolutely nothing. I could see maybe 500K work but even that is rolling the dice. A million in cash/investments is probably a good amount.

[@metalmike570]

You don't understand your US dollars are worth about 3X as much in the Philippines. What you just said makes no sense.

[@tokyojon4344]

To me, the amount of cash you have doesn't matter as much as monthly cash flow.

[@markadler8968]

@@metalmike570 Go there with 50K and let me know how it works out for you.

[@jamessmith1652]

A million is FIRE amount (it assumes a 4% annual return) is considered enough to retire in the West. 500K would definitely work in PH.

[@rqa4860]

First lol

[@endlessroads9936]

I have notice your lost a lot of weight, are you ok.?

[@PatDe-zj4et]

I watch a u tuber "cartess Ross" he is in Mexico, this sounds like some people that show up there. Totally unprepared. He does consultations with people moving to mexico. "Move abroad and thrive" is his channel

[@rongee3781]

If you want to maintain your higher standard life style, you need at least $2M. Even 100k meant nothing. Younger generation think they can roam around on a low budget. Too much deception on social media. It ain't what you've expected.

[@marktapley7571]

Do you mean 2 million dollars? Only about 2% of Americans have savings (investments) of that amount. 80% of retirees (wealthiest subset) in U.S. have 200,000 or less. Ap. 50% have only SSI.

[@satysunk]

​@marktaplebut COLA means that ssi is a reliable source for income no metter how long you live, provide you budget. Savings on the other hand are destroyed by inflation over a 20 year span, and many now routinely live 20 years beyond retirement y7571

[@brianstevens8554]

Cant believe all the bloggers Dumergete on this subject. move on..

[@rodneybrown1924]

You just cant do it on less than $2000 for a single guy. For a family youll need another $1000 more. If you dont have that you can survive but it wont be comfortable i guarantee that.

[@jessisanturo]

Hello sir cool info liked and subscribed. Planing to visit for a while maybe January or February. What is your Facebook sir?