how much money do you REALLY need to RETIRE in the Philippines | Salee Buhay Canada | Buhay Amerika

[@salee_talks]

Thinking about retiring in the Philippines? share your thoughts

[@protegelin]

NO. No free karaoke at 3am , no roosters crowing and sick dogs howling non-stop, narrow roads with potholes, you pay me money to retire there, I also decline.

[@rafaelg4566]

@@protegelin then pay more money to live a decent life in the US. Buwahahahah

[@Rolweng]

Live a simple life and you can retire in the Philippines. Serve God thru service in the church and you will gain true friends. You already exert your effort to live, work, and it’s time for you to serve GOD and you will be happy in your remaining life on this earth.

[@salee_talks]

That’s a beautiful perspective. Living a simple life and focusing on serving God and the community can bring so much fulfillment, especially in retirement. It’s true that contentment often comes from purpose and service rather than material wealth. Thank you for sharing this inspiring message!

[@silvestrenavarro5495]

Is Baguio considered city? Or province u dear this budgeting plan? Thanks 🙏 Silvestre Navarro from Mexico 🇲🇽

[@silvestrenavarro5495]

Thank you so much 🙏

[@salee_talks]

Hi Silvestre! Baguio is a city in the province of Benguet, and it’s a popular destination for both locals and retirees due to its cooler climate. Thanks for the question, and I hope this helps!

[@Fredieprayla]

Believe me when I tell you that retirees who chooses to settle in the Philippines already have had a lot of everything. From travel, to foods and entertainment and etcetera. Retirement is more of rest and more rest. Medical expenses, as expected during old age are mostly covered financially, and no worries. And most retirees, like those from the USA are savvy investors too. They have had their 401k, 403b, Roth Ira and even individual investment on stock market. Retirement is a well thought of plan and decisions were made based mostly on financial standing and health. Good insights, anyway and keep on making educational videos like this one.

[@salee_talks]

Thanks for your insights, Frediepralya! You’re spot on-retirement is about enjoying the rewards of careful planning. Glad you found the video helpful, and I’ll keep creating more. Stay tuned!

[@jeannep.3405]

A $2700 pension plus my SSS of 15 thou per month. I owned a house and a rental unit of 2 apartments that gives me additional 20 thou per month. I think this is enough to enjoy and will give me a decent retirement in the Philippines.

[@Ninya_B]

@@jeannep.3405 plan well and it will be more than enough.

[@salee_talks]

It sounds like you've set yourself up really well for retirement! A steady pension combined with rental income provides a great balance. With that kind of financial security, it seems like you’re in a good place to enjoy your retirement comfortably. Thanks for sharing your strategy-it’s inspiring!

[@teammangcanada777]

I'm thinking about retiring in the Philippines, but it's just not going to happen. I know a lot of people from Canada and the US who retired there, but they ended up coming back because many of them got sick. We all know how expensive hospitalization is in the Philippines. A million pesos can be gone in just a few days. That's why I'm more scared to retire there. There's even a saying in the Philippines: "It's okay to have no money, just don't get sick.

[@salee_talks]

I understand your concerns about healthcare in the Philippines. It’s true that medical expenses can add up quickly, especially for serious health issues. That’s why having good health insurance and financial planning is crucial if you’re considering retiring here. It's all about preparing for potential risks. Thanks for sharing your experience and insights!

[@StormTrooper-bf6xb]

Keep revisiting the criteria on immigration to Philippines. With the appalling state of Uk and erosion of freedom I’m looking at making an application soon

[@salee_talks]

Good to hear you're considering the move! It's always a good idea to keep revisiting the immigration criteria, especially with changes in global situations. The Philippines offers a lot of freedom and opportunities for retirees, so it’s definitely worth exploring. Best of luck with your application, and feel free to reach out if you have any questions about settling here!

[@tukmol1589]

Another Philippine retirement expert. I Heard them all. The cost presented here is for minimum lifestyle, which is doable for some - not all. The most important thing to consider when retiring in Philippines is medical support. I’m talking about medicines, specialists, laboratories, emergency transport and hospitals - and cost. From what I’ve seen, most heart attack sufferers do not get medical care on time, which leads to missing the golden hour. Imagine having a heart attack, hop on a jeepney or tricycle to the hospital and then die in traffic.

[@robocop581]

I live in a luxury condo that's affiliated with a 5-star hotel. The hotel is across my condo. My son had medical emergency and the hotel dispatched it's ambulance and we were at the hospital in 15 minutes. No charge for the Ambulance. If you live in BGC or Makati the hospital is minutes away which is why I live in a CBD with nearby hospitals and clinics. If you really want to be secure then rent a condo that's very close to a reputable private hospital

[@Ninya_B]

​@robocop581 Luxury Condo means overpriced Box. ang mahal tapos ang sikip sikip....Yeah, I was planning to downsize, but not to the size of a shoe box, lol. I hope there is better healthcare in the province. It would be perfect.

[@Ninya_B]

My advice is to lose weight before going back to the Philippines...don't retire there if you are Obese. Get rid of the excess weight to avoid chronic diseases, diabetes, and heart attacks.

[@robocop581]

@@Ninya_B That's what you think. I chuckle when I hear comments like this. There are plenty of 200 to 500 sq meter luxury condos in Manila, look right up, there's plenty. As for overpriced, well that's relative.

[@robocop581]

@@Ninya_B I'd rather watch paint dry than live in the province

[@robertsp5769]

Nice video. I think one of the things often neglected in the analysis of retiring in the Philippines is the role that the family, as a unit, plays. It would be very difficult for a couple to enjoy retirement in the Philippines if ALL of their kids and grandkids are in the US or Canada. So what ends up happening to most retired people is they choose family over the cost of living advantages of the Philippines.

[@salee_talks]

Thank you for your insight! You’re absolutely right-family plays a crucial role in retirement decisions. Balancing the lower cost of living in the Philippines with the desire to be close to family in the US or Canada is a challenge many face. Appreciate you sharing your thoughts!

[@Ninya_B]

If you reach that stage where you have grandkids in the US, you certainly adapt to the Western culture. It would help if you let go of them at some point and prioritize yourself for a sound retirement. The kids can and should take care of themselves. We must enjoy what is left of us while we can. We will be a burden to them if we get old here in the US unless we want to live in assisted living.

[@ralphstewart4025]

New subscriber, you seem very smart and engaging.

[@salee_talks]

Thanks and welcome

[@romulosumalnap-mw9vx]

It's hard to retire for seniors in the Philippines if you don't have health care and monthly sustenance!

[@salee_talks]

thanks

[@rabbitman702]

half half ako.. 8months Canada 🇨🇦 4 months sa Pinas 🇵🇭 mag early retire ako 56 or 57.. 7yrs more pa. 😊 isa pa lang Condo namin sa Pinas.. plan namin wife ko 3 condos before retiring.. para may passive income.

[@salee_talks]

That sounds like a great plan! Balancing time between Canada and the Philippines can offer the best of both worlds. Having passive income from condos is a smart move for early retirement at 56 or 57. Wishing you success with your investments and your early retirement!

[@peteralvarez3039]

@@rabbitman702 due diligence in buying condo is imperative esp roi. you will be eaten by the interest and you might break even in 20 years if you are lucky. also, selling your condo is very expensive as you will need P30,000 transfer fee

[@rabbitman702]

@@peteralvarez3039 Our plan is to paid off the condo unit between 3 to 4years.. As of now kaka start lang namin sa bank financing nung May this Year. 15yrs installment binigay sa amin ng banko. 😊

[@jeffpalo2186]

My goal is to save enough and to invest in Dividend stocks. I will use the dividend pay out to give to charity and to provide scholarships to the deserving students who are in need. 👌 in that way, i can help the Philippines prosper by raising intelligent youth who will become a good member of our country. Call me liar or stirero, but this is really one of my biggest dreams on my retirement. 👌

[@salee_talks]

@jeffpalo2186, that’s an incredible and selfless goal! Investing in dividend stocks for the purpose of helping others, especially in supporting deserving students, is truly commendable. You're not just thinking about your future but the future of the next generation. By providing opportunities for education, you're helping shape a brighter future for the Philippines. Keep pushing towards your dream-it’s these kinds of aspirations that make a real impact! Wishing you all the success in your investment and charitable endeavors.

[@mudirmindset]

I compute this before if you retire at 55 or 60. Including the inflation you need atleast 21-25 million to retire but the hidden part is we don’t know is how long we will live here on earth. Some live more than they expect and that time no work and also high maintenance for medical needs. But many people also retire together with the nature or farm they don’t need money as long as they have fruits, vegetable and meat to harvest

[@totiriel6079]

COST OF LIVING IS THE MAIN REASON. YOUR 5K$ IN THE US IS NOT ENOUGH YOU WILL BE HOMELESS. BUT IN THE PHILS YOU WILL LIVE LIKE A KING. DONT STAY IN MANILA. GO TO THE PROVINCE AND BUILD YOUR OWN LITTLE WORLD. LIFE IS SHORT. DONT BE STAYING IN THE US WHERE YOU WILL LIVE PAY CHECK TO PAY CHECK AND STRUGGLING EVERYDAY. ENJOY YOUR LIFE TO THE FULLEST BEFORE YOU DIE AND YOU CAN ONLY DO THIS IN THE PIHILIPPINES IF YOU DONT HAVE ENOUGH MONEY IN THE USA.

[@robertsp5769]

$5k per month in the US will make you homeless?

[@adrian3747_]

@@robertsp5769yup it won’t last long

[@theresa1017]

We make less than $5k and we lived WA State 20 mins to Seattle city , and we're not homeless.. my mortgage is $1300 a month..

[@jerrysan7338]

Live simple frugal minimalist off grid invest in real estate

[@salee_talks]

thanks for sharing 👍🤗

[@clarkkentgwapo1]

My system Have a bisness, invest, live frugaly

[@salee_talks]

thank you for sharing

[@JohnM-y2s]

I think if you have picked the wrong filipina partner that is why you cannot live on less than $1000 dollars US. A good woman will protect your income.

[@primea4699]

I will retire in the Philippines. I will live in a farm away from the cities.

[@Ninya_B]

what about healthcare and groceries

[@primea4699]

@@Ninya_B what about them? Nueva Ecija is just 2 hours away from Manila. SM's are everywhere ... I like the farm because the nearest neighbor is about half a kilometer away

[@Ninya_B]

Where is that Magical place in the Philippines that has a provincial vibe with city amenities and excellent healthcare? Can someone tell me? Is Dumaguete the closest to that?

[@elijah7454]

Clark, Pampanga

[@Ninya_B]

@elijah7454 why is that?

[@robocop581]

Why do you need to move to the Philippines if you're looking for simple province life. Just retire to any hick town or a shack in the Appalachian mountains in the US and you'll get your probinsya vibe

[@scottbaird5674]

What age did you retire at po?

[@salee_talks]

I transitioned from my nursing career to entrepreneurship in my mid-30s, but I wouldn’t call it a full retirement since I'm still actively working on growing my businesses and KZbin channel. I shifted careers to have more time for my family and to pursue my passion for entrepreneurship.

[@jets6833]

Retire here in baguio city u dont need to have aircon.

[@salee_talks]

just went there yesterday and hiked 🤗 ssoooo love the weather!

[@marionpoe1121]

Taga pangasinan ka po? Accent po tga pangsinan

[@salee_talks]

@@marionpoe1121 yep!

[@pandemicoftheunvaccinated5367]

The Australian aged pension gives you 70,000 php. 20,000 for a nice house. 10,000 for food. 10,000 for cooking gas, electricity and visas. And 10,000 for a maid with benefits. That leaves 20,000 to urinate up the wall (or go diving like myself) and grab a bargirl or 2.

[@peteralvarez3039]

not enough for the 2 bar girls alone.

[@pandemicoftheunvaccinated5367]

@peteralvarez3039 in sabang and angeles they're 5000php that equates to AUD$131 x 2 = AUD$262.Tough but doable.

[@protegelin]

Bro the maid will literally suck you dry ...beware her vacuum cleaner...sucks everything you have.

[@MrBatteryChanger1]

My advice, ditch the idea of having kids in your old age. Also NO Single mums. Its the main reason your costs will blow out in the long term. My biggest problem I have now is my 3 stepdaughters have become single mums and the three stepchildren are now being raised by me. I was doing ok until the little bastards were born, now 1.8 million pesos per year is not enough to run the household. No more holidays, no more foreign food, no time just stress everyday. I need to go back to wotk at 70 years old, after being here 30 years.

[@protegelin]

Single motherhood runs in their blood? 14 million single moms in population of 115million. I don't envy having to work at 70. Take care bro n beware.

[@MrBatteryChanger1]

@@protegelin lessons are learned once the mistakes are made. Thanks for your kind words sir.

[@ernestogarcia2522]

Pollution, traffic, and hot weather, Government doesn't give a shit about you and healthcare only cares if you have money. Why would I retire in the Philippines?

[@salee_talks]

I totally understand your frustration, Ernesto. The challenges you mentioned are real, and it's definitely not easy. Retiring in the Philippines isn't for everyone, but for some, the pros still outweigh the cons depending on their situation. Thanks for sharing your thoughts, and I hope you find the right path for your retirement plans.

[@robocop581]

My wife and I own a condo in Ortigas so rental cost is out of the way. But even without rent, we'll just go with our estimated Retirement budget of US$6,000 a month in HK for three people. Anything left over we'll just bank it.

[@williecamarador2502]

Very informative. I always say 'I will only go to Philippines to visit and not live there for good '. A friend, married couple, who retired there came back to the US in less than five months. Their reasons; it took them hours to get to places 10-15 kms away from where they lived; dirty - people dumped trash anywhere and don't seem to care about cleanliness; dogs are everywhere pooping just anywhere; too many by-standers around the neighborhood; friends and relatives showing up by their door without invite; too crowded, etc. People who have been living in the US/ Canada for decades will find readjusting a little difficult. I have the same issues as enumerated above every time I visit Philippines. I think I will be able to get used to life in the Philippines again, but I'm sticking with my statement for now. Every Filipino who came to the US some 25+ years ago should be able to retire anywhere in the planet.

[@salee_talks]

Thank you for sharing, Willie. I understand the challenges you mentioned, and adjusting after decades abroad can be tough. However, with careful planning and an open mind, it’s possible to find joy in the Philippines. It’s all about what makes you happiest, whether that’s here or elsewhere. 😊

[@Crissie495]

sounds like they chose the wrong area maybe because they did not do enough research before they jumped in 🤷🏻‍♀️

[@robocop581]

Anywhere? Try Monaco. See how far your retirement budget goes. Or try retiring in HK or even Singapore. Rents are only US$4K a month for a tiny flat. If you want an American sized flat add $10K

[@totiriel6079]

YUP, IN THE STATES HOMELESS EVERYWHERE, TOO EXPEMSIVE, RACISM...ETC. YOU DID NOT DO YOUR RESEARCH BUDDY. THE MAIN REASON RETERING IN THE PHILIPPINES IS THE COST OF LIVING. IN THE USA YOUR 4K$ IS NOT ENOUGH. YOU WILL BE HOMELESS BUT IN THE PHILIPPINES YOU LIVE LIKE A KING. YOU JUST HAVE TO FIND A PLACE IN THE PROVINCE AND IMPLEMENT SOME RULES. FILIPINO WILL FOLLOW. IF YOU HAVE YOUR OWN LITTLE SECLUDED WORLD YOU WILL BE OK. EVERY PLACE HAS ITS OWN NEGATIVE BUT IF YOU MANAGE IT YOULL BE OK.

[@OrcasV]

Looks like your friend decided to retire in a slum. 😂

[@gwapogreg5837]

You can't spend time with family there because they will hound you for your money.

[@salee_talks]

I understand where you're coming from. It's unfortunate that this happens, but it's important to set boundaries with family when it comes to finances. That way, you can enjoy spending time with them without feeling pressured or taken advantage of. It's all about balance and open communication.

[@gwapogreg5837]

@@salee_talks The problem is the parents spend their entire life brainwashing their children that they need to support them once they are older so the parents can just waste money drinking everyday and not save money.This is why so many parents there put their children in prostitutions they only have many kids so the will support them so it's easy for them to do it

[@peteralvarez3039]

@@salee_talks blood is thicker than water esp in the phil. boundaries are always broken.

[@donbernardo7494]

I’ll retire there when all scammers are gone

[@pandemicoftheunvaccinated5367]

Then, you're not retiring anywhere on the globe because, scammers are worldwide.

[@iggi70]

That means Never....

[@Cryptojb-t7q]

Scammers are everywhere, even in US

[@feltorres4807]

Yes!and the safety for seniors for the thieves and criminals that target those who are weak and old ones that has a retirement money?😮

[@pandemicoftheunvaccinated5367]

@donbernardo7494 Then where are you going to retire? Scammers are worldwide.

[@GH-uo9fy]

Never going back, I'm happy living in a Swiss city even after retirement. I don't miss the pollution, hot and humid climate, typhoons, flood, traffic, toxic culture and leech relatives who regularly asks for money and trash talk behind your back. I didn't work hard all these years to downgrade my life and go back to the miserable past.

[@robertsp5769]

You sound exactly like one of my sisters here in the US. 🙂

[@josiegraham2591]

It depends on your life style if I live simple I can live on $1k if I like luxury maybe $3.5k to $4k dollars of dollars will not collapse .Hello we might become like Argentina or Venezuela wake our future is not good we are becoming a3rd world

[@salee_talks]

You're right-lifestyle plays a huge role in how much we need for retirement. Simpler living often requires less, while luxury adds up quickly. As for the future, there are certainly uncertainties, but focusing on smart investments and financial planning can help weather those challenges. Thanks for sharing your thoughts!