How To Make Your Dream Retirement Happen - Philippines
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- Опубликовано: 8 сен 2024
- Life in the Philippines, Dating in the Philippines and How To Retire in the Philippines with Reekay at Life Beyond The Sea.
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I'm planning to go to Davao City in about 7-8 months for 2 weeks and half or 3 weeks. I just love your videos!!!
Daniel Pasterp I'm going next March
How to budget your "sugar babies" seems like the direction of your advice. Only by living in PHl you could have the Bachelors lifestyle on a budget. Sure a lot of expats fall for scams but many take advantage of what they could never get in the USA.
Once you get past the flying part then everything else just falls in place when you get to the Philippines, it's paradise!
almost 6 years for me.. i'm still loving it. :)
Remember it takes two weeks to adjust to the time difference
Thanks for your sobering words of wisdom and interesting stories....
-Nils
aaa ever think of retire to hawaii with asain
Thanks Reekay for all your good advice. I'm currently living in Thailand, but I have lived in the Philippines for 7 years before, I've always owned a car there and have traveled to most areas in the Philippines. I was married to a young, model quality Filipina for many years. I've been in the real estate business all my life. I was married to my first wife for 20 years, before she changed and felt like $3 million in cash and $1800 a month from me and a new boyfriend was the way to go. I've been in several other deep, meaningful relationships with women. I love women, and I enjoy being in a committed relationship. However, I do not believe 2 years of marriage is going to give me enough confidence to put the house in the girl's name unless you're prepared to walk away from the house. Way too risky. I don't want to have to worry about it. Talk about unknown variables, especially with culture differences, and big age gaps. Many, guys have done it with no problem, but even more have been burned. If you ask me when you buy a house in her name, the answer is never. Sorry, I love the Philippines and the Filipino people. Let's suppose the girl and her family think you're a great guy, but one time they wanted help from you and you declined, maybe you're not so great anymore, and the girl could start to rationalize breaking and taking the house from you. Just one example that can and does happen. I don't want any added financial incentive that could lead to a problem. I will be back in the Philippines in January to live. I'm not a negative person, or unkind, but I hope that even if you go against my advice, that you think long and hard about it. Take care everyone. The Philippines is a wonderful place to retire:)
two years is a minimum, in my opinion. much longer if taking her back to your own country. some guys do a pre-nup. i see guys buying girls a house or land the moment they get engaged and "if" those guys would wait 2 years after marriage i would consider that progress. it comes down to two things.. is she one of the good women and does the guy have the intuition to figure it out.
Hello! Yap. It is a disadvantage when going with a dependant lady, i.e., no job, no savings, family financialky unstable...you know what I mean....remember Phil culture, you marry a pinay, you marry the family.
@@rosegarden0988 Pinoy-
@@Lifebeyondthesea Hi Reekay, may you please do a video referencing the pros and cons of a prenup in the Philippines. It appears to be a common theme for older and established foreigners with children from previous marriage(s) to come to the Philippines to start a new family with younger Filipina. What would be their options, and what would you do if you were in that particular situation? Thanks.
If I do not have the ability to own a home in the Philippines, I would never purchase. I would be at the mercy of someone else. You can rent for a very reasonable price and save the hassles of ownership and paperwork that go along with it. And...if you get tired of living in one place, you can leave. And if someone is considering moving there, he should take a few trips to check it out and stay a few months.
You are such a good adviser and counselor
thanks.
Great video!! I know once you fall for a girl it can be hard to say "no". But I've been on FilipinoCupid for a long time now, and I've had great relationships but some girls have made ridiculous money requests. I now will quickly tell hem...."Do you know how fast I can get back on FilipinoCupid?". And usually they get upset and we don't talk for two to three days. Then she contacts me back, we get back together but I stop getting these ridiculous money requests.
Again for me, it's not just "no", it's "Do you know how fast I can get back on FilipinoCupid?"
PS, You nailed it!! People will give you condescending advice like "don't retire early" or "don't go to The Philippines", when you are just a "blip on their radar" to them.
EVERY TIME I WATCH YOU ..IMPRESSED BY YOUR CLEAR THINKING ..AWARENESS OF HUMAN NATURE.. EXCELLENT STREETWISE ADVICES
Insightful commentary again. I second another participant who said that this type of videos is what separates your channel from the others. It took me 8 years of reading many early retirement blogs before finally taking the plunge to book a trip in 2012, and that was after a fellow forum participant cajoled me into making a decision to just go. I'm glad I did. If I had not gone, those iconic images of Chiang Mai would have remained just that -- images. If I had not gone, I would not have learned how to ride a motorcycle. It just never occurred to me as something fun to do even though I ride my road racing bike for exercise 3 to 4 times a week. If I had not gone, those pen pals would have stayed just that instead of becoming my friends. Of course, not everything was a dream, but in the end, I'm glad I did it. If nothing else, it was one more mental block out of the way.
As for the mental blocks of others, I don't bother asking for their opinion much less their permission especially if they are just peers and associates. If someone is worth my time, I'll explain if asked. If someone is just nosy, I'll exclaim in mock excitement, "Hey, congratulations on your new job with the Travel Channel. I always knew that with just a little nip/tuck that you'd kick Samantha Brown the heck out of there. That must be the reason for your insanely high interest in my whereabouts during vacation." Remember, these are the same folks for whom you're really nothing more than a co-worker or a neighbor. You owe them the courtesy of informing them you will be away but not the where or the why.
Of course, for the big move, there are people to whom you do have to at least offer the courtesy of informing them. Your family may have objections, but hopefully, it is borne out of their anticipation of missing your company. If they simply object out of ignorance, then you can bring up all the times you have offered your support for their move/business idea/house choice/life partner/whatever even if you didn't fully understand or agree with their decisions. If they still object, oh, well, you tried. Nothing more to say.
Sir we are getting so many information by you.
You are a decent American man and very wise.
Very good “free” advice
Very good point. As my wife was a natural born Filipino, she is able to buy land in the Philippines. Which we recently did outside of Cebu City so by the time we retire we will have a home to retire in. Keeping busy is another thing we have to figure out.
You are absolutely correct. I have never known a Philippina that has not wanted my money, until the one that I am with now. So far it's only been a year, but it seems that she is determined to not ask me for money. I am happy with this one. Many, many others have shown me exactly what you talk about here.
I'm certainly like you in that I don't have a problem saying "no" but always amazed at how many people do. To me, to survive here you must be low maintenance and highly adaptable with a great deal of common sense. I moved here in June and stayed in Cebu for a month before finalizing in Iloilo. Starting off in 2014 I subbed to about 6 channels and did tons of homework and constantly gathered as much info as I could. Your vids covered topics very important for a newbie plus you're positive views always helped me believe that it I could make it happen. here
IMO- The weather here is hot and people should remember this in there decision to move. I lived in SFL the prior 25 yrs so it didn't effect me but many don't like constant heat. Your selections here in grocery stores, etc is much more limited. There is air pollution especially in more urban areas from jeepney, taxis, people burning trash. I've have asthma and definitely feel it sometimes. Also the biggie is $. If you're coming over now and you're under 60 you better have some money coming in or a little booty stash saved up because making any kind of real money just isn't going to happen. Overall I'm satisfied but still a rookie.
what city is SFL ??
Great advice thank you
TRYiNG PO! *QUESTiON FOR YOU: HOW DO WE CUT STRiNGS BETTER iN OUR HOME COUNTRiES* ? EXAMPLE: YOU SAiD YOU SOLD EVERYTHiNG, YOUR FAMiLY AT HOME, ETC ETC
for me it was a matter of what i call, "getting my ducks in a row". one priority was paying off all my credits cards to zero. i wanted zero debt when i left and spent a year (from 2011-2012) to make that happen. i spent a lot of time with my family before leaving as well. you don't have to "sell everything", having some property that brings you rental income is a good idea. (just have a good property manager) the objective is to close out anything that would cause you to have to return to your country to straighten out. (child support, debts, businesses, etc.)
THAT SOUNDS LiKE A GREAT iDEA, ALSO GETTiNG ALL BiLLS TO CURRENT AND FiND OUT iF THEY CAN BE PAiD ONLiNE... MARAMiNG SALAMAT PO!
This video is full of good advices which could use anywhere. This is a great video!
Anyone can apply the valuable advice given in this video to retiring in any country. Peace.
Did the recon for a couple weeks in May with my wife of 10 years finally. Have started a business there in Novaliches with sister-in law and planning to go back next May and progress from there
awesome! glad to hear it. :D
Great advice here! I hope to retire 6 months out of the year in The Philippines. I'm working about 12 hours a day to make it happen.
awesome!! :D
That's great!
I was thinking of retiring 9 months out of the year and living the other three here in the USA. Not sure if thats realistic though.
Cess and the City...? that's funny!
Very informative and nice advice :)
Your right Henry ...when I told my older sister and brother I was going to move to the PI they said you sure about that ....a bit of my background ...married a filapina from the Duma. area brought here back to Chicago area where we live and been here 10 years and now at the age of 58 I am putting up my home for sale in March 2019 and once its sold I am gone ...I am in pretty good shape dont drink or smoke but I am on blood pressure pill ....been to the PI 11 times so I have some expierence living in my wifes home ....not an expert by any means but I get along with anyone and I am not a trouble maker ...so I think I can do well in the PI....and I am not looking for a job or a business to open ....carry on Henry we enjoy your videos
you're right brother
Great to see you back doing these kind of videos. Greetings from Tokyo
how's things? good to hear from you. i've still got tokyo on the brain. but first the PH and vietnam. when you coming out to the PH next?
Subic in December, Ho chi minh in Jan then philippines march and may
Awesome advice!!!
sage advice, no matter where you are,,,,including your home country
If you buy someone a house, have them sign a 50 or 75 year lease for $1 per year! That will discourage their ability to sell the house!
h2odragon1 just buy a bahay cubo, n you only loose hundreds not thousands of dlls, I almost did got a house there, but the more information I got , the less will to buy it,
@@manuelguillen3189 bahay whA?
Totally agree. Get off your ass! You have to initiate. And sometimes, you have to take that leap and take chances. We are creatures of habit and for some, it takes a lot to get out of the comfort zone.
seize the day. :)
Oahu Dude True!
LifeBeyondTheSea - Philippines You bet! :)
Going in March for a week to Davao. Thanks
I was in Davao City in April and a part of May 2019. This was my second time! I just love Davao City!
Say a million times, say it a million more times, and the word you would have said 2 million times is.... YES!
LoL , the old Filipina and the house routine... Priceless. It just is soooo predicable. Your bang on too on bringing up the water to boiling. I tend to throw ice cubes in that water when they get overboard 😊
good idea. put the brakes on that rose-lined path. :)
😀Great words and narration coming from your heart👍👍
Thanks!
Those "Just Thinking out Loud" vids are great!
Henry... a very good video. You have certainly come a long ways in your blog work there in the Phils over the years. In fact, your work is quite good. Many of your topics and discussions have been impressive and invaluable for those interested in retiring in the Phils. As I have travelled to the Phils multiple times over the past 25 years, I would respectfully suggest to add some other advice to this video: When you decide to actually make the move to the Phils, it is better to rent for awhile for a few reasons not mentioned. One being, that you may learn later on in being in a neighborhood that it does not have good neighbors, has a crime problem or simply prone to natural issues such as flooding, mud slides, erosion...etc. It is much easier to break a lease if you had to than sell a house, even if that house is in the name of a woman you have been married to for 20 years. The second is the fact that buying a house is capital that you are investing up front, thus it better be worth it! If you have only so much money each month, it may be better to hold that money in an account that earns even minor interest and pay rent while living in the Phils. You can actually rent some incredible houses for fairly cheap rate... many from ex-pats themselves or OFW that want a stable renter. For some it is better to pay $600 or even $700 per month in rent for a few years on a great house and location than invest $50,000 on buying a house up front and taking a risk for multiple things mentioned in your blog plus what I just talked about. The other item to bring up is to learn to manage your expectations. Many of your videos discuss this, but I cannot tell you how many times I have come across an American that moved to the Philippines with less than $750 per month income, yet when they get there, they eat out every night, drink beer like its water and are very generous with the both the ladies and the locals. Many leave within a year. As much as a great a bargain the Phils is, it too is a growing economy, which means the cost of living is going up there. There is a price to pay for growth. 25 years ago, many of the roads were just mud and dirt, and you were lucky to have one American style restaurant in a sizeable city (Shakeys or McDonalds). Gone are the days when you can stay at a true 5-star hotel in Manila for $75 a night . Living in the province was hard. If you don't know what a tabo is you will soon find out in the province. It's now $200 and up per night for these hotels. There is a price to pay for a higher standard of offerings in the Phils.... it means things cost more now. Sometimes a lot more. You are better at covering this topic than I am though as I still live in the US and only occasionally travel there for leisure until I retire there myself down the road. In 25 years and 17 trips to the Phils some things change and some things do not. One is the old saying a "fool and his money are...." well you know the rest. Again...good video and very informative. TC
very good advice. i covered this same approach in this video... ruclips.net/video/ecYSQnQqut0/видео.html
you have every great point of view and awesome good story & advice.
I'm definitely in a grey area planning to retire in Philippines in hopefully 7 year's need to work till i can afford to relocate. . Not a week I'd move to Philippines for 6 months. Too see if i like it..also move around to find somewhere i like..
Great channel good advice..
Great video, Henry! Thank you!!!
I would suggest you by the house after she has a kid. I noticed children Bond the relationship plus Filipinos love children. Of course it depends on the girl and she's going to have good character. if your girl doesn't have good character you're wasting your time. I've seen too many guys make excuses for the girls not having good character or guys that just want to be giving and they give so much not realizing they're not compatible.
If now if you're communicating overseas sometimes you might have to give them thirty bucks for a load or $50 for a phone. But you had better make sure they're worth it and sometimes you do get ripped off but that's part of the dating game.
Sir God bless you
Nice video today and good information.
Wow that is Amazing advice
Thank you so much my dear friend
glad to help. :)
true 1000 pesos /month no xmas vanintine bday ect.
Excellent commentary... once again
Hi Reekay, may you please do a video referencing the pros and cons of a prenup in the Philippines. It appears to be a common theme for older and established foreigners with children from previous marriage(s) to come to the Philippines to start a new family with younger Filipina. What would be their options, and what would you do if you were in that particular situation? Thanks.
i'll try to add that to the queue. thanks for the suggestion.
Thanks for this one. All are great and this is up there.
LifeBeyondTheSea great advice on giving money!!!
Great insight and advice... ;)
Good video but I would handle the house request differently. I would say that I don't have money to buy a house. If she stays with me, I might surprise her a few years later by buying a house. That way I would know she is not staying with me to get a house.
M.B. Guys should not discuss finances with women, esp if you are loaded. Better yet pick a woman who has her own to stand on if possible.
Thanks Reekay! I was very interested in the part about decision making. Happy people make decisions for themselves. Unhappy people make decisions to keep others happy. I've always thought it is natural to make decisions for yourself. At the end of the day whether it was right or wrong you are going to live with it. All we know for sure is we only have one life and everyone should be entitled to decide for themselves on what action they want to do. You are the captain of the ship of life. No one should be telling you how to steer it.
yah, so easy for others to say 'do this' or 'do that'.. which might be good for them, but not for you and your plans or goals. gotta make our own path individually.
LifeBeyondTheSea - Philippines So true! I love this video you made!
can you please talk about what is the best to travel to the philippines
wauw.....thanks man
I needed your wisdom six years ago
Flying out in 15 days. Can't exactly call it retirement, but making it happen anyway :-)
Can't call it a vacation either. Throwaway ticket also in hand.
I'm gonna establish an American Legion post in palawan.
Great video. seems familiar has this been posted in the past?
i just shot this yesterday. but the issue of tossing money at a relationship comes up every so often.
Sound advice! - as per usual.
Great job...
I'm 6 minutes into the video. You're message is well constructed with good delivery. Nice job. I'm sure the remaining content will be the same.
thanks, i hope it's useful. :)
as always well said
Great vlog Reekay I heard the roosters but the other birds are very relaxing to hear.Great info for someone going there first time,and also experianced expats too.
Hello Reekay! I really enjoy You Tube! very informative!
thanks, :) i do what i can.
my decision making has been summed up as, "Ready, Fire, Aim"... is that wrong ;-)
i like your feedback
Great vid..been there ,heard it all an your bang on the button mate...il b back march for more fun in the philippines wupppeee
good advice, I need a change
Good Information as usual. I would recommend thought 2 weeks coz it takes a day to get there and a day to get back.
What's wrong with renting even after marriage? I've never been a huge fan of houses even though I own one and after hearing I can't even legally own the house and it's so hard to sale it in the Philippines why would I ever buy a house there?
i would only buy a house as a security for my wife (if i had one) for her future. aside from that, no real upside to it.
A decent and educated Filipina who loves and into a serious relationship with her boyfriend will not ask for money whatsoever.
Green Screen?
hmm.. what do you think? :)
Reekay, Great Vid.
I could tell my friends that I am going to India to go help the poor with Mother Teresa. Rest assured, there will be nine people that call me an idiot to my face and one person that'll say, great idea, go do it. By you doing something different from the (their) norm. It exposes their insecurities...
A lot of philipina's are seing the white man, (Expats) only as a walking wallet, Great advice, hope they reilly listen to it, and when you marry a philipina, you Not only marry Her, but ALSO her family, that will say: you got to help ther family to, so realize this when you marry a filipina
Now here i agree just make it happen ..tfs ..👍👍👍
Been there in70s phillipines 1st date she wanted ask me to pay her rent I left her alone she wanted almost half of my military salary subic bay in the 70s be careful don't trust a big leg and a smile guys k.c. n.c. u.s.a.😮
Price of airfare 3week minimum u won't regret it
Wow correct!!!! The flood of opposition is huge! LOL! Your correct. Come to think of it I had 5 family members saying I was going to get in trouble there. Every darn time I go there...
you have an excellent green hands. beautiful plants
Great advice about money and keeping things into perspective. Excellent work and very informative video. Keep'em coming professor "School of hard knocks - Philippine campus"
thanks, i do what i can to share what i've gleaned from the years here. :)
I can live about anywhere I want in the world financially. My plan is to travel for 1 year to find the place I like best. If I get board I will move to the next destination. I know I like Thailand, but I will visit the Philippines, and other destinations before I make my final decision.
My problem is I am only 50 I am on SSID yes I can get it in the Philippines but I worry about social security cutting me off if I am there . And I would like to wait until my mother died until I move but I have to wait until I am close to 55 that way I am unhireed In America . And I don't want the social security administration to lower my social security disability because I am in the Philippines . I am planning to be there in two years
you right .my wife is from Tobaca,but a like of family live together.brother and sisters.with money tight.all have to kick in a little..
I'm thinking of the Philippines but its so damned hot most of it and I hate the heat. sigh...
You get use to it…
You're right Reekay, an expat should visit first the Philippines for 6 months to a year vacation to observe (make a research) and enjoy life. After that he/she should decide whether to retire or not in a country like the Philippines. If he/she is looking forward to it then make it happen!....That's a lesson learned from you Reekay, thank you very much....
I’m planning to visit the Philippines in April next year to find one of you guys!!! Lol, just kidding Rickey! I watch and enjoy your videos.
Hi Jean, Just kiddin'!?? Why not!? Go for it. Have fun in the Phil ok?!!
I am Ethiopian American and I am trying to retire in the Philippines what kind of challenge's do I expect to encounter so I can get reedy for whatever it is as black man. thank you.
the PH is very welcoming, you should have no issues. many of my friends are black-americans or jamaican and it is not an issue at all for dating or being social.
Thank you very much.
Ahh yes...Common Sense that's not so common. Preach it Reekay!...
i do what i can. :)
I would like to what you think would a person need to survive money wise I get 800 a month sscan it happen
I say NO to those chickens and YES to chicken adobo
I 2nd that. 😃
Is that "Alice in Chains" performing in the background (rock group that recorded the song "Rooster") :)
That's it. I'm going back
That's kind of woman is not right woman she is taking advantage because the right woman they don't want the money they wait .your right.
I would say if there is any way U can come for 30 days & do not stay in a resort You need to see the real PH. U may or may not like it. Some people just don't know how to say, No. How many guys have U heard guys say some girl lied to me and ask me for money, what do I do. It is easy to just say, no. I would like a dollar for every expat or would be expat that said Davao City is dangerous. I know they have never been in the St. Lous Greyhound station at 3 AM.
Hi Ricky i thought a foreigner could buy a house but not own land which we can lease
yes, that's true. lease the land and build/own the house. most leases include forfeiture of the house at the end of the lease unless the lease is extended to someone else, such as your kids/business-partner/wife/etc. but to clarify, usually when people use the phrase, "buy a house" they are thinking the land is included in the title. but not in the PH for an expat.
I like this video Henry ....in about a year the wife and myself (59) are going to retire in Dauin Zambo border we are currently married 9 years bought a lot on the ocean about 1500 meters and will build a home soon ...been to Duma 8 times now and like what I have seen and when it comes to her Family already explained to them I am not an ATM ...we have a 4 year old boy that looks Filapino may be sending him to Siliman University if I think its safe enough for us ....my main concern is hospital care for my family I am very healthy my question is do they offer an expat like myself a plan that covers us in case of hospital care and what is the cost ....thank you for your help Reekay
Sounds good Anthony, consider the lease idea to be safe, you can't own the Land,at least you'll have some rights..
@14:20 Hi Reekay, the house Has to be in her name? I thought it was a 60/40 split... Or is this only the case with condos?
no.. the 60/40 is mainly applied to businesses by expats in the ph.
for condos... an expat can own a condo 100% in his own name. but for a home... the 'Land' must be in the name of the filipina/citizen while the home 'structure' can be in the name of the Expat. (he can also get a long-term lease on the land from the filipina/fiilipino citizen-owner.
bottom line... expats can own the condo or structure, but cannot own the land.
@@Lifebeyondthesea Ok Thanks for the Clarification
Can a foreigner buy a house there?? or own property there? What kind of fees or taxes are involved?
a foreigner can own the 'structure', but not the land. so you could purchase a condo, that is as simple as it gets. but if you want a home, you would need to first purchase a 'lease' on the land, an agreement with a filipino who owns the land. you could then build on it however what you build is forfeited at the end of the lease to the owner of the land. or, you could marry a filipina.. 'pay' (finance) the purchase of land and/or home.. but actual ownership and title would belong to your wife, not to you.
Oh wow. Thanks for the info! That reminds me of the way property is owned on Indian Reservations here in Arizona.
BTW, thanks for all your videos!!!
glad to help. :)
Haha, Du hast den Nagel auf den Kopf getroffen. Ingat po
I've seen many Fools lose there life savings in a short time. I call these guys SKATTER CASH. They try to inpress mostly women, total strangers and buy friendships by buying every guy they ever talk to in Bars drinks all night. Eventually it does not matter how big there nest egg was its spent on Women and beer then wasted the rest. My 2 rules in life are Rule number ONE, Never waste money. Rule number TWO is never forget Rule number ONE. IT works for me I have a Philippino Partner and 2 young foster children that are hers from a previous relationship where as is normal in the Philippines there Farther just walked away never to be seen again. We take care of a young child also as his Mother can't afford to look after him. None of this is a problem my partner works over seas as a nanny until her long contract finishes next year she is also buying a 2 bed roomed new modern house with out my help She has never asked me for any thing only to love her Marry her and give her one more child. We are purchasing a property for a buisness as a Curry house and pie manufactures where we will sell our products to eat inside, Take Away or as a frozen option. My investment has been very small but I'm a Chef by trade only wanting to teach my partner this trade as every person must eat and when I get my work permit it's really just to keep me motivated and doing this the family will have what should be a buisness that can employ them as they get older. I study many things in all the years I've lived in Asia one stands out greatly. Asians start small buisnesses but know nothing about the inportance of cash flow so with in a very short time the investment usually a foreigners investment all is lost. Odd how this I've never seen with the Chinese they know that money must be reinvested to make more money. When any person says to me can I loan them money and we know it will never be returned my reply is allways you have one problem and I have many. You need money then there is many ways of making money start by washing cars and windows on property's. Never give in otherwise it will be never ending your nest egg will be slowly spent by them not yourself. I've worked self employed since aged 14 growing and selling flowers. I'm now 61 a Chef all my life with a side line buisness as a Coffin maker. When I die I wish my body to be worn out not rusted out. We can all do many things to make money and as in washing cars all that's needed is a bucket and a sponge small investment where reasonable money can be make with no over heads. KARL......... (THE COFFIN MAKER).
15:40... Henry that's funny... and not so funny. I love your videos man :)
I think you could sum it up by saying let the big head do the thinking, not the little head. Lots of common sense here.