Expats Who Have Gone Broke in The Philippines. Every Man Has a Story. Old Dog New Tricks
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- Опубликовано: 3 окт 2021
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@Every Man Has a Story
Expats Who Have Gone Broke in The Philippines
It can be Risky Retiring in the Philippines. Come prepared have a plan.
Thank you for watching. 
Развлечения
Golden Rule; having been an expat in Asia on and off for years. NEVER invest your own money in someones else's house or business It is not in your name and you have no rights, no matter how friendly everyone is. After many years you are still basically a tourist, even 20 years later. Keep your money in your OWN country.
You are 100% correct
I second that Motion I came over with a few hundred thousand dollars because I got lucky years ago in microsoft but that’s my nest egg I don’t even consider having a business over here I worked all my life in the US why would I want to work more the idea of being over here is to be retired and not a dime goes in any kind of business I know too many guys that got wiped out and lost everything trying to start a business over here so screwed having a business in the Philippines it might work out for a couple guys but I’m telling you from most it really really doesn’t
If you are so stupid and marry a woman without knowing her you deserve it that you lose all your money. It's the same in the Philippines or in western countries.
This British guy is a real drumhead and you call him a good business man?
@@klausschumacher7126 A fool and his money are soon parted.
@@Anonymint-vj7bt eh - whattaya expect from dog-eaters?
I have traveled to the Philippines as well as other parts of Southeast since 2007. & have actually lived in both Thailand & the Philippines. I have lost count the number expats that have ruined their lives because of a girl. Guys, stop making a girl your reason for retiring to Southeast Asia. Place a higher value on yourself than that. Self preservation is #1!!!
Well said. Thank you for watching.
You're talking sensibly right there. Never be deceived by their beauties and charm. Think of it as a TRAP that can prisoned you in a dungeon of despair. Utilize your wisdom and commonsense to embark a bountiful and successful life in a foreign countries. We all worked hard for our money, and it be just dreadfully be used and wasted for some greedy people is not and should not be acceptable! Time to respect and VALUE yourself.
@@encouragingmind2day some would say like like a local mean food, rent don,t need fancy home. i have meet new place cost 7 k peso 2 story apartment , included water , internet fence in with gated locks . 20 min walk too beach , are place cheap they be nice a fancy one in usa . mine had aircon and hot water in the shower with laundry room all you need . want look all rich and stuff cost 16k too 30k just the rent.
exactly
Well said PeeKen
Never forget: wherever you are living, it sucks when the money runs out. You may have helped others, but don't expect any of them to help you out when you need it.
Do not put yourself in a position where you need it. Think about this stuff EARLY. Did you forget already? It sucks when the money runs out.
Michael you are correct. Most men here have pensions and or SS benefits that never run out. Younger guys often come here with a bankroll and end up blowing it. Thank you for watching and taking the time to comment.
@@everymanhasastory - I do enjoy your in depth interviews. It is not a regular person who ups and moves to another country, so lots of these expats are interesting (though some are "interesting" but not in a good way and should just be avoided). Many people talk about moving, but MOST cannot pull the trigger and just waste your time with idle talk that never happens.
Sorry to hear about the guy from New York. So much knowledge and experience built up over decades and then suddenly it's all gone. Can't believe those ignorant people interrupting your interview with their trivial nonsense, and then one getting an attitude when you stop him.
Lastly, it upsets me to see people with such selfishness to have a partner and not set them up with anything when you pass on. The guy probably never gave it a thought and the lady is indeed in a worse position than if she never met him, plus older and less likely to find another partner.
During my short trial stay there with my gf, I always ran out of money. Have tondig a
Yes it seem like there was always an event I had to donate to
@@wraflsorry, u got scammed
Thinking of being an ex-pat in the Philippines?
1. Get a vasectomy
2. Never buy any property under the name of your Filipina
3. Have more than one account from different banks, don't give your Filipina access
4. Eat where the locals eat. Going to western restaurants will drive you in the poor house
5. Don't buy a car. Take public transportation
Good advice. Thank you for watching and sharing your opinion
Excellent advice
@Haunted and Alone - Facebook transferring your car is going to be very expensive and accessing quality auto parts maybe equally as challenging there. Good luck
@@derekcasanares4785 Moneydance is cheap.
@Haunted and Alone - Facebook nobody's impressed, asshole
Remember any money you loan to anyone here in the Philippines is a gift. You will NEVER be paid back.
You are right Mike. I learned this the hard way.
Sir, love your stories - I first came to Philippines in 1977, age 37, was 3 years divorced, got off the plane, fell in love with the place - 1979 met a Filipina girl through correspondence, wrote for a year, came over, met, got married, lasted 8 years, split - decided to come back and meet another one - was grocery shopping in the supermarket and met a Fiipina friend who had a Filipino guy with her, she had told him my story and he asked me if I would like to meet a Filipina whom he knew - anyway, long story short, 34 years together, 25 years married, retired now 10 years in the Philippines - purchased a simple 3 brm, 2 story house in a guard gated community, only 10 minutes down expressway to San Fernando City Pampanga - became Philippine Resident after 6 months, so don't have to go out of the country annually, live comfortably on my pension, drive our own sub-compact car, everywhere, once there are no longer lockdown restrictions ! - love the place - don't want to go anywhere out of the country - they are going to bury me here
I love you story and your positive attitude. I'm so glad everything worked out so well for you. Thank you for watching.
You can always visit countries.😄 been here in Japan since April '96. Cant wait to get the restrictions lifted this coming November. 🗾😄
Sounds like life. Not everytime is it a happy ending. Sometimes you just need go back at it again.
Where did you get divorced? Or did you get annuled?
I want to return back to the Philippines and live there I don't have money problems savings and live on 5500 month ssi and military hope to meet nice girl when I get there
RULE 1: NEVER have a shared account RULE 2: DO Keep YOUR money in your own country, and just transfer enough to live on RULE 3: NEVER marry, especially somebody who already has kids, you will be used to extract as much money from as possible, including paying for loans taken out by your wife's relatives to pay for numerous bithdays, hospital bills, resorts and funerals resulting from uncontrolled drinking, lazy guys, obesity and bad diet. RULE 4: NEVER EVER buy property or land ( It does not matter what the law states ) you will be LEFT without a cent and then blamed by her and the family... RULE 5: CHECK her ID, do a background check, NEVER rush into a relationship and USE your brain not your middle leg BEFORE doing anything - RULE 6: Remember you are a foreigner in the Philippines and behave in a respectful manner - You don't have a right to dictate your own culture to the Filipinos, or complain, as you are the person who made the choice to live here
So TRUE🇦🇺🤔
Absolutely true. As a foreigner, you're a never ending bank account specially if you have pension coming monthly.
Don't drink,first enemy U, second alcohol
The reality is when you marry a person who is poor, you marry a poor family and they are married to you. In Asia with few exceptions family is always first priority for the children and the husband is at best second, NEVER fool yourself otherwise. It’s called Confucianism.
True I am Filipino but they're are lot of scammers out there esp gold digger and social. Climber
Thank you.
When I'm abroad I rely on 2 edicts;
Never gamble with more than you can afford to lose.
and
Believe,
none of what you hear
half of what you see
and all that you experience.
As a young Airman at my first base in 1988, the NCOs told me NOT to date a Fillipino women unless I wanted to fund their whole family. I heeded their advice! and stayed away! Looking back, it was the best move I ever made!
DO NOT START A BUSINESS IN THE PHILIPPINES unless you're well connected by which you're not if you're an expat. This is a message from a guy who grew up in the country.
I agree with you.
Rather than have a business have a paid hobby. If you do a craft such as candle or soap making you can list your products on Facebook or a similar site
@@watersbey25 I'm not worried about bringing my Filipina to the US I got money from my online trade business in my 30s fit and good looking and no I wouldn't open a brick and mortar in the P.I. I wouldn't need to😁😁😁😁
@@DC-cz2sr nice! Congratulations!
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Thank you.
Yep. My ex wife, a Filipina, never asked me for a dime even after we got married in the Philippines in the 90's. Good luck finding a Filipina like this nowadays. DON'T give money to any Filipina who claims to be starving or needs a load for their phone. Nobody is starving in the Philippines because their family will always help them. A Filipina true in heart doesn't want your money, she wants you for love. If you start giving money to a Filipina you meet for any reason, even to help them out as a friend they will expect more. NEVER base your relationship, especially at the the very beginning on money because you will lose.
This
@John Grigg Sounds to me like you're a manipulated chump. I'd cut that shit off ASAP! Plenty more fish in da sea.
@@MrSuperohhlala you hit it Head on my friend 👍
@John Grigg dude. You're obviously being used. You know this hurts you. So why put up with it? It's like a woman staying with an abusive man.
@John Grigg get out before its to late.
Never forget that we are just guests there!
Thanks for telling us both sides of living Phillipines!
I never do. This is not my country I'm lucky they are letting me live here.
I added my filipina as my retirement partner. If I pass she will get part of my pension for life. Even if we don't work out I owe my filipina for making me realize that there are wonderful ladies in the world.
gigachad
Test your oatmeal for arsenic, etc. 🤦🏻 🤷♀️
ive been with my fillapino partner now 13 years im 65 worked construction all my life im pretty fit my partner is 43 with 3 kids 2 girls one boy ive put them all through college and there doing great all the family and relatives are fantastic never asked me for anything ive bought a house there and i send my partner 200.000 peso a month for the simple reason if anything ever happened to me i dont want her life to be difficult.even i send her that amount she still works for 11.000 peso a month and even we went thailand for holidays she would work there thats why i appreciate her so much.i am in the u.k at present waiting to get back there and will retire but she still wants to work when i get back even she dont have to.good luck to every one thinking of retiring or moving to the philippines
Happy for you sir. I can tell you are so kind and generous and not thinking negative with your partner and her family. I respect alot to you sir
@@Liezl_Diaries Filipino are nice
You fool.
"You've got to live below your means."
There's the right statement.
Great video and advice! My Dad went to the P.I. in ‘97, never returned to the US, and died there too.
My brother lived in Japan while I was in the Philippines. We compared notes.
Japanese are polite but not friendly to foreigners, but they are very honest.
Filippino's are very friendly but could be picking your pocket while joking with you.
We would catch students stealing from our store and next day they would be back as if nothing had happened with no shame at all.
Interesting. I have heard that the Japanese are honest people.
A big difference in Economies and Opportunities between the Filipinos and Japanese. I could clearly see the higher potential for theft in the Philippines.
Cute little thugs
oh yeah, they like you when you have $$$$; just observe them how they treat those really poor ones.
@@buildingparadisePH I concur w John Kidd's opinion. I am half Fil-Japanese and lived in both cultures. It is not entirely based on the Philippines' economic state that there are lots of dishonest people. Japan has experienced World War-related devastation and certain dire situations but never did they resolve to dishonesty, prostitution, and unscrupulous behavior. They kept their integrity intact. Am I glad I am part Japanese!
This is by far the best video, that I have ever watched, and probably ever will. You talked about yourself, with out hiding around the bush! You also talked about what other people experienced. I did the same thing in Thailand 2002, about what you talked about at the beginning of your video about leasing land and investing in a bar and Restaurant in a Thai name. That is exactly what happened to me in Chiangmai , Thailand in 2002. Actually I thought you were talking about me, except my miss fortune came the same way , but in Thailand.
Thank you so much for your kind words. You made my day! 🙂
Your comment made my day!
A bunch of older guys brought their Thai wives back home with them... and they more than half of everything from them.
Another buddy... keeps his family in Thailand... and visits for 6 months a year... can’t afford the risk of losing half of his wealth by bringing them back.
The story about the woman left in the lurch by the husband's first family reminds me of Mark Twain's old comment: where there's a will, there's usually a family fight.
Years ago I was in Davao, out with a friend. He introduced me to the ex-pats at this pub. All 4 of them broke and seemly stuck in Davao. It was a sad group. All of them blaming their problems on everyone and everything but themselves. just sad.
I've seen that too Jim. Guys like that flock together , they drink, smoke and blame the country and the Filipinos for their self inflicted problems.
Thank you for watching.
yeah alot here u cant blame some citizens here mostly foreign men seems like changing clothes on women drink ..etc.some good women here had image coz of the situation its the the expat to blame though
Expats hang out at the mall coffee shops in Davao too.
I could never make friends with any of them. I was a threat to them. I was 30 years younger than them, good looking guy and all their Pinay staring at me.
I look like a playboy, but I'm not a fornicator.
I'm a good Christian person. Some foreigner's I eventually talked to were sex hungry mad man.
Sickening.
@@everymanhasastory you say self inflicted, but what about the guys who don't drink who are faithful guys that have helped the poor fatherless and widows men who were taken advantage of ? For example some forigners were trapped for many months unexpected due to covid ...Not all guys are out at the bars spending all their savings on prostitutes
Dont blame our country if you broke
Living below your means is one of the best pieces of advice that you could ever hear. Instead of buying that $50,000 car, consider driving your clunker and putting the money instead on a condo in a US state with lower costs. Let your renter pay for your mortgage. We accumulated two now paid for townhomes that way in addition to our house.
Your story works. We own 7 , same basic concept. All paid for too. Positive Cash flow that NEVER runs out
I lived there between 1998-2002 and left when the economy tanked in 2002-2003. Your advice is excellent and everyone should take 2 points away. One is not to trust ANYONE in the Philippines until you know them a very long time, and especially anyone who you don't know where they live or who their family are. Second is that you do not go to 3rd world countries to get rich, you go there when you are already financially secure. Another point would be don't look for girls in bars, go to small towns and find a girl who is not spoiled or to street smart. You will get a better quality person that way. I'm married to a Filipina and have 25 yrs of Filipino family life and everything you said is dead on.
Excellent Advice 🙂
Thank you for sharing your opinion and for watching my video
@@everymanhasastory You are most welcome. BTW, you neglected to mention the fact that in every Philippine travel guide/language book for tourists, it mentions in the first chapter to never believe a single thing anyone tells you because lying to save face is part of the culture. Cheers!
Saving face is weird. Springs from pride. And boy do Filipinos have pride.
"Another point would be don't look for girls in bars, go to small towns and find a girl who is not spoiled or to street smart". Words of wisdom everyone shoud heed. Sage advice amigo.
@@tomyum6163 I think this is true of finding a good woman in any country. 👍
"Filipinos are the friendliest people on earth" while they think they can get something out of you.
Yes l agree JB..no true words were spoken.
So many people l have met who are so friendly and always in contact but the moment they realise your not going to give them anything ..they drop you like a hot potato.and stop visiting and communicating .
Alway have your guard up here .in the Phil's
@N. Afonso Albuquerque I'm not American, but nevertheless don't take it personally. I have been married to a Filipina for 13 years. At first I "loaned" money to relatives, who would instantly go silent and not return my calls... money never repaid... why don't they ask "give" instead of "borrow"? I worked my fkn butt off for 50 years, going without alcohol or parties or pointless spending sprees, so why should I "loan" money to people who waste that money on alcohol and drunken parties the moment I give money for a supposed "new business"?
I NEVER see the relatives who either got money, or who asked and were refused, which is very upsetting. This is a cultural hangover from the Spanish of which I want no part.
@N. Afonso Albuquerque Sage advice. I take good care our family group, wife, two daughters, mama, sis, bro, niece, nephew, all of whom live with us except for bro who works in the city. Sis works too, but they know they have a backstop. Of course the majority of relatives would be too ashamed to ask, and are always welcome at my place.
I suppose I was railing at the able-bodied young ones who remorselessly set out to separate me from some of my heard-earned just so they could get drunk.
totally agree
Absolutely their MO
Whoever wants to live abroad really have to think hard and believe this man. He is not lying .
Sad stories of trusting the locals… too much temptation to throw out the foreigner and keep what he invested. Very sad. My Filipina GF kept telling me I was wasting my money by renting our condo. She wanted me to buy a house. So glad I didn’t, or quite possibly one of these stories could have been me.
I had a Filipina GF that said “ I was wasting my money by renting”
But what I heard was “ I was wasting her money by renting”…….I kept renting also
@@garyb7132 - Exactly right.
"My Filipina GF kept telling me I was wasting my money by renting our condo. She wanted me to buy a house."
She wanted you to buy land+house on HER name, cuz foreigners are not allowed to own land there. As soon as you have paid the land+house she would have kicked you out 😁
@@bengraham5699 -Yes, I understood that at the time. Thanks.
Corruption is rampant in the Philippines from the capital region to the provinces.
If you find a woman, take her with you to another country. If she won't go, she would rather stay and be near her family, and that means you are lower priority. Move on, find a woman who makes you top priority.
Not only you guys who go to the Phillipines, my two experiences are one from a Filipino builder who set himself up in Queensland, hired him for major renovations as I had traveled to the the Phillipines in the past and thought I would give the him the opportunity, not only did he rip me off with the deposit ignoring the rules of the Queensland Building Association rules QBSA, but continued to produce non compliant work for final approval. When I told him I would be holding back funds until the work was rectified, he started throwing furniture around and threatened to break in overnight and tear down everything he had done. I will never employ his like again. No. 2 My 30 year old son engaged with a girl online for two years from the Philippines, both had traveled well, she was a housekeeper on a luxury cruise line. Soon after she arrived in Australia she started making demands for my son to buy a house, I told my son to take his time, get to know this girl this better... she soon moved on and found herself a 55 year old boyfriend to meet her needs. End of the story is my son found a beautiful Australian girl pure of heart with no agenda.
These are great stories! Tragic, but real. I feel like vloggers are always aggressively selling us on how great the PH is and we don't get a balanced picture of what it's like. Thanks for keeping it real! I guess the moral of the story is if one invests in things one has no ownership rights in one is setting oneself up. Only in the US can people come here from another country and own stuff. In fact, the Chinese are buying up our farmland. I'd like to hear more stories like this.
Yeah aint that a bish, I thought the same thing!! Our politicians have sold us out!!! Ain't no way in the world should our gov't allow another entity to own land here in the US when you can't do the same in their country??? I'm ex military and got a while until full retirement and I have already decided that I would never retire to the Philippines just from watching this podcast ! It's a lot of simpin going on in the Philippines lol.
Going back to the US next week. Have observed what life is like here. Having second thoughts of retiring here now. At least I was able to observe before jumping into the abyss.
Best luck to you. The Philippines is not for everyone
I have come to the same conclusion after spending 3 months in North, inlaws are an eye opener for a reality check of your future there. 🇦🇺Australia
@@sleepyretardedbiden604 Real nice people.
@@bryantsherman503 God fearing christians lol
Good for you and you can always go back and visit.
You have certainly done a great job of establishing yourself there, Mark.
Thanks for the video mark. This is Eric he young American with money who you interviewed a few months back.
I am in Colombia now and although it's great it's also not perfect.
This video is great because it makes me think of all the things to avoid when constructing my own life. From this video, I got that health is majorly important. And second is to keep some distance from women! It seems like a man ends up paying for allowing a woman or her family to take advantage over the man . Its tricky to find a good relationship where you dont end up financially ruined. Make sure you select the right one and also dont give her too much undeserved power. Also write a will while you still can.
I wish you continued luck in your futute endeavors. Thanks for the great and realistic video
Come to CUENCA ECUADOR0
I was in the Philippines in Summer 2019.
Everything was going just great.
But COVID, followed by travel restrictions, followed by the hurricane destruction was going to cause nothing but misery.
Look at Reekay’s channel.
He had a choice: suffer in the Philippines or come back to California.
He returned home, and now he can’t simply return to the Philippines- especially if he refuses the vaccine. Philippines may not allow unvaccinated tourists for 5 years. The Filipina he left behind is probably getting slawed-out by some dude in his absence.
That story probably repeats itself across expats unfortunately.
I absolutely see how an expat could be jaded and miserable if they were stuck in Cebu or another inexpensive, unsophisticated province far from the city.
It’s a great place to visit, but you wouldn’t want to live there.
Disaster prone and isolated from good medical, financial and logistical support.
Thats the most concise and informative video I have seen by the greatest orator, concerning retired expats living in the Philippines. You are a great story teller. Thank you Sir!
Wow, thank you Mark. Your comment made my morning.
A fellow club member in the Manila Harley Davidson club had his house taken from him. His Filipina wife of 25 years whom he met in the US and lived with in the US, they decided to retire in the Philippines. Built a house together in the Pi, moved there. One day he was out on a ride with the group and when he returned home all the doors were locked and the locks changed out. Short story is that he had to move in with another club member until he got back on his own two feet.
Another sad story to add to the list. In all fairness I need to do a video on guys who had everything work out great for them. Thank you for watching Kyle
He can ask for his share of the property
@@toddjohnsen7996 yeah but there is more to it so we can only assume
@@toddjohnsen7996 We dont need God’s help on this one Due diligence is the only thing that is needed self inflicted would is like a suicide , most men think only about the power of the dollars and that mentality will bite you in the end
@@toddjohnsen7996 just don’t hope for western women coming to the Philippines in droves
I am 60 and turning 61 in 2 months. I am happy with my digital life. 🌹... Watching from USA 🇺🇸. I was a realtor in the Philippines for 25 years, now living a good life here in California. ✌️
I would be much more surprised if you were 60 and turning 62 in two months. 🤣🤣🤣
It's all about keeping it simple. Get a condo, a girlfriend, hang out at the coffee shop, take walks, and do a lot of swimming. That’s what I would do.
Problem is most of the mentors we see on RUclips live it up like they are rich, spending most of their social security on housing, food and travel. Keeping it simple and becoming part of the Philippine culture is essential.
Yes sir you are correct.
@@spiritualexercise265 amen when in rome do as the romans.
yes true
I lived in Thailand for 10 years,I lost a few things but I didn't really sweat it,I moved on and finally moved back to USA in 2010.I still like Thailand but will probably never go back now since I'am older now,I had a lot of fun there an have my memories.
I wish I had a nickel for every sad story like these. I spent a lot of time in the Philippines while in the Navy from 1969 to 1973. Of all the countries I've spent time in, the P.I. is the worst if you are expecting any kind of ethics in business. If you can think of all the ways things can go wrong, it will turn out just that way. Even if you find a great woman, she is not going to go against their family. If you're happy living a very modest life you might do well. But show any sign of money in the bank, a pension, social security, etc., someone will take advantage of your relative naivete.
Totally agree
P.I. is polluted by ignorant people, not mean not bad but with one of the lowest intellectual level in the world. So anything that does not make sense may happen for good or bad
agree..i got stories of Pat in pi.. a lot of them not good.. got used by 2 bar girls..the 3rd was a winner.. rip pat..
Dont take a Filipina who's parents are still alive.
@@peter-pg5yc In Southeast Asia, a bar is considered not a place for good women. In Southeast Asian, you are wrong to find a good woman in a bar. The tips to find a good woman : Join a local community of hobby. Or a church. They are there.
There’s one group of expats in the PI that are mostly unknown and are financially stable and have no problems. I know a few. Guys who were in the military stationed in the Philippines back in the 80’s and 90’s and married locals. Went back to the states. Both worked and have pensions, social security and savings. Build really nice homes and enjoy life.
Yes, I know many guys like that. And there are more stable guys here than losers. Thank you for watching.
@@everymanhasastory old say in the philipines if love and like western go broke. if love and like a local be stable.
I'm retired Army and I had never been to Asia. The thing about military people is they're extremely adaptable. I had no problems moving here in 2007 after doing a recon in 2006. A retired Marine turned me on to the Philippines in 2004/2005. My original plan was Mexico, but I got priced out. I retired from the Army in '95 and moving to the Philippines was a good decision.
@@daspicer1 Hello Im retired military also. I would like to talk to you about a few things.
@@marknorris184 Glad to help if I can.
Oh God, I can give you a 100 stories like this and believe me it is really real I have been here for 40 years, I see all these guys that are going to make a small fortune and invest in something and suddenly the fortune they had turned into a small fortune , a very small fortune!
Dont even think about opening business in Philippines as a westerner.Sadly we cant own land or a business.We in uk, usa, australia should reciprocate this and not allow filipinos to own land or business in our countries.
I agree Graham. In America a foreigner can buy up farm land and properties and even get residency if they spend enough. Not fair here. And it's one reason why this country is not developing like the rest of Asia
Who told you that information
@@aievgindustries What they said is true. I was born and raised there.
@grahan taylor this is a shocker hateful comment I've ever read so far. For better understanding on Philippine Law it is drawned by various horrendous foreign colonization.
@Every Man Has A Story that is a bias assumption . Name big companies in the Philippines that is owned by a natural born Filipino? Name top richest individuals who are natural born Filipino? To label that the Philippines is NOT a Developing country is derogatory and harsh so to speak. I would rather say that the corrupt leaders is hindering this country In becoming More advanced.
Great topic Mark.Many people go to other countries without spending enough time there to learn the ups and downs.It's also a great idea to establish relationships and build a support system with people who live there before moving permanently.👍🌴
Thanks, you look great for 66. Your apartment looks lovely also , I was in Dubai working as a chartered surveyor for four years and the support team were all from the Philippines . Fantastic team . Back in the UK now retired thinking about my next move. Palawan looks beautiful. Thanks .
The summary of this video: woman are the same everywhere, and the support laws for your "ex" are as bad in the Philippines as they are in the US. Moral of the story: don't get married, don't let your girlfriend own your house or your business, and don't have kids. Pretty much the same as the US. Keep your money in your home country. BTW, if you ARE wanting to set up a business in the Philippines, you need to set aside at least $5,000 to talk to a GOOD lawyer in a major city about how to do it. You can't be the 100% owner, but there are ways to effectively secure control of the business through trusts and other complex arrangements. But they require a knowledge of the law that requires you to pay up.
Lawyers in PH can be Big Scammers too.
@@sfjsfj9024 Business lawyers are not just any lawyers--you DON'T want a general guy who does "a little of every thing". Reputable lawyers are easy to find if you know how to look. Just ask one of the major accounting firms in a big city for recommendations of a good business lawyer with tax knowledge--they will tell you people THEY know and work with, doing your due diligence for you. Remember, a MAJOR accounting firm--preferably one of the Big 4. Get at least three recommendations, and then interview them, asking specifically about the recent business structures they've done. Also ask about pros and cons of various structures, and tax law pitfalls. Anyone who knows the tax laws well is likely going to be very skilled. Same here in the US. After the interviews you'll get a very good feel for who knows his stuff. Be prepared to have to pay for the interviews. Again, it's going to cost you some bucks, but it will be money VERY well spent vs. you winging it.
Thank you for sharing this information and your opinion. And of course you are 100% correct
So true!
Very good advice. Thank you for sharing it.
What a beautiful story, hope is not happening to some of them, thank you, my husband and I, we had a plan to move to the Philippines maybe in 4 years, but I'm from the province of Cebu it's 3 hours going to the city, keep safe,
I am glad you pointed that nothing has changed in that country! You have to be careful in all countries concerning the matters of the heart! Thank you for the real chat you gave us!
Everything he's saying is true, I'm living here in the Philippines and there ladies are so desperate towards foreigners. Many foreigners are frustrated and broke, even if you try to invest in business they will run you down.
The guys who have traveled the world seem to adapt best. They know nowhere is like home
I have nothing and own nothing, but my Philippina-Wife loves me since almost 30 Years and we have 2 wonderful Kids!
Mark,very interesting.what I think is what you left off is ,the Philippines or any place one decides to retire in offers you a chance .a chance at a better life,a chance at having a women.a chance at making a difference in what time you have on the planet.thats all it can offer you.most people don't have a chance like Americans do .be grateful for the chance.
Wise words. As an expat you have very few or even no legal rights in countries with deeply corrupted judicial systems
Guys! Don’t just listen to one side story only, give a change to talk the side other, maybe she wasn’t treated right, emotionally, physically etc. Filipina women are very loving person , she take care of you through thick & thin just show her that she’s the only one that you love in your life. Respect & love you back. I’m Married with American guy for 36 yrs. ❤️❤️❤️😊
I think (hope) I'm doing it right. I'll have about 2900 a month after taxes in pension income and shoule be about 400 grand in 400k money. No long distance thing for me. If I meet someone there, good. If not, well that's good too. A small place and a motorbike and I'll be happy. I am going to the Philippines for the weather (love heat), the people, the food, the lifestyle and of course how inexpensive it is to live there.
Brian buddy you will be set for life. Men like you do great here.
I hope I get to meet you. Best of luck!
I’m happy for you that you found a girl that you can trust. Hope you’ll be successful on your future business.
Another vice vlog. Warm regards!
Always loving your piece of advice, just live below your means. Take care
Good for you for hanging in and not letting go.
Great video. Thx for sharing my friend. Good luck in Philippines. I wish someday I get a chance to visit there and having a great time
Thank you Mark, really appreciate your first hand and real living experience along with some other expat experiences and potential pitfalls that others have gone through while becoming expats in the Philippines. Nothing like first-hand life experience. Mark Twain once said, "I never let my formal education interfere with my living and true education about life" Again, thanks Mark for sharing your's and other's experiences there.
Thanks for watching William. Love the Mark Twain quote.
Mark, very informative video. Living in Thailand, I have seen the exact same incidents of guys living beyond their means, eventually losing everything for one reason or another. Often times due to meeting a young lady and blowing everything on them, very sad. Hopefully, you have saved at least one fellow considering making a move to Asia from making a life changing mistake. Buyer beware, in both business and personal relationships. Take care, best wishes to you and Jen.
Wow! Thanks for all the happy news!
If 75 % of all expat men in the Philippines are happy together with their local wife/partner, then that is a much higher % as compared to the men in the country where they come from.
Very good information and presentation on the reality of life. Thanks for sharing.
Thank you for watching and taking the time to comment.
Wow..what a story about the businessman.. I know of an American who had a bar in Negril, Jamaica.. very successful. He, his Jamaican wife and American daughter were all murdered in Jamaica.. very scary.
There was another one happened in Colombia recently, his expats friends & families even try to get the U Senators involved but they can only do a little.
ruclips.net/video/s2SMhkN-3eQ/видео.html
@@warrendarable look rich and you can draw un wanted ppl.
Thanks Mark, I enjoyed your stories and it helps confirm planning for the future
so sad to hear those negative stories but happy to hear to those who find real honest love. Its not really about from which country you from, but its about the person whos real honest and had a genuine heart. I still believe that love conquers all...
You found your niche and you are good at it🤔🤔🤗😀
Keep on keeping on and keep it between the lines 😉👍
thank you for the positive feedback Richard. You made my day.
Nice vlog Mark The first time I came to the Philippines was in 1988 was married in 1993 divorced in 2002 Married again to a Filipino lady in 2005 we are still together it is great. She has a house so everything is ok The stories are repeated every time with foreigners who invests in businesses in the philippines I myself have only rejected investments every time I was asked
Good stuff thanks for the heads up
Glad it was helpful. Thank you for watching Alan
Great advice. Applicable to many other places too.
This is one of the most important topics for a foreigner. The guy from London should have consulted a lawyer before setting up his business. Then he should have ran to a lawyer as soon as he saw that chain on his restaurant. Take the gloves off. But you are right Mark - do not have a brick and mortar business in PI (or Thailand, or any of these retirement places). It will probably end badly; the risk is prohibitive.
He did all that. It was a small beach town everyone was corrupt including his own attorney. After receiving death threats he cut his losses and left
@@everymanhasastory - exactly. The risk is prohibitive. Those death threats have a habit of turning real. Had it happen to me in Los Angeles.
@@everymanhasastory He should have set fire to the restaurant just before leaving for good. Let those evil scammers rebuild the business from the ashes.
@@chucksmash1 There are a lot of good people there but so are scammers- so you have to watch out and be extra careful. Even locals get scammed. I'm from Baguio, Philippines.
Sadly, the lawyers are just as bad! You pay $$ just for them to tell you the courts will not decide anything in your favor since you are a foreigner. Then the courts won't even hear your case for 5-15 years. :(
In life, it is not so much how or where you started but how you finished well. Life is not a bed of roses. Learn how to adapt, improvise and overcome. Strive to thrive. Common sense is uncommon to many. Live simply and simply live. When in the Philippines, do as the Filipinos do. That is, simple living. Cost of living is directly proportional to your lifestyle. Kudos to you for your success. Godspeed.
never go id have a pension all single male in the ph 1,200 min . if live a local save alot of money the problem is a American try live he in the usa. local live on 20k too 30k a peso a month have 3 kids they know how too live .
I'm so happy things turned around for you and you didn't give up completely! Thank you for posting. Wishing you all the best.
Very kind of you Maria. Thank you for watching
Hi Iceman am going out with the most beautiful woman in the Philippines how do I get to her what do I have to do she has her own house
Any parts of the world, there are always good and bad people. Be always careful whereever you go, esp.your money. Be always fair too and don't take advantage of those people who are also good to you. Everything you do, good or bad, someday you will reap what you sow.
"Women are women everywhere". Well said my friend. Some guys have more money than brains 😀
Story of the truck driver married to a Filipina and had a child. I believe the wife and kid are entitled to his SS benefits as his survivors Seems curious that nothing was done for the wife and kid. A trip to the USA embassy is needed
Yes I worked for social security, she and her child until he turns 18 can collect on the deceased husbands social security account
Everyone loves a turn around story! Well done!
Good video..! Very good "WAKE UP CALL"...!! for those who think with the little head.
Thank you. I tell guys don't leave your money at home in your own country but don't leave the house without you common sense.
Very good stories. I have been to the Philippines many times, I am married to the phillipina and I love the Philippines. While I was there I have heard lots and lots of similar stories. Decided not to invest money there.. Went back home,, work here,, saved the money and went back to the Phillipines for vacation.
Safe way to play it and have fun.
You definitely have to think and plan ahead if you are going to live in the Philippines!
Interesting. Very Interesting. Thanks for the info.
Great advice!
One of your best dialogs, filled with great advice for these would be geriatric Romeo's. I watch a lot of video's where guys go on and on about how they can live in the P.I for $500 US. These guys are living a fantasy, if a medical problem comes up then they become youtube beggars. For these geriatric Romeo's having kids with a younger Philipina nothing wrong with that. Just make sure that you can leave her on a secure financial footing, upon your passing. If I was leaving behind a child of mine in the Philippines, I would make sure that the child would not want for anything. I would have an understanding with my adult children in the USA, to make sure that that my wishes are taken care of. As a responsible man I could not let a child of mine grow up in poverty in the Philippines. My parting gift to the child would be the greatest gift that I can give, a USA citizenship.
@@ajw9377 red shirts more likely
so many are moving out of USA NOW AND GETTING A PASSPORT FROM ANOTHER COUNTRY TO RENOUNCE THEIR
American PASSPORT. THE TAXES ON PROFITS IS THE REASON.
Women are women whatever you go. Great advise very true .
Thanks for all those interesting stories
We have an old saying , you wouldn't know a person until you live under the same roof with that person for a while. I agree with everything you say.
Your correct sir. When i live with him its totally a nightmare😏
This is my first time watching one of your videos but I have been visiting Philippines for about 20 years and lived there part time for a while.
Some very sound advice here though... Great channel.
Thank you Scott.
Davies australia here. thanks for your stories. After living in five years in Angeles city heard every single one of them..Some guys did commit suicide actually two of them so I went back to my country Australia. Only in the Philippines
So sorry to hear that.
nice lighting and background with the blue evening sky in the windows.
Thank you very much Kyle. I'm trying to take my videos to another level.
Very very good video Mark. Thank you!
Thanks a lot, great video. I felt this was a nice and really balanced assessment of the risks we face when coming there. So basically the things that got all these people into trouble was investing into businesses, buying real estate and getting married.
buy real estate always make gf / fiancee sign a lease for 25 years with option then get marry
Kind of a doom and gloom video Mark. It’s good to hear the “buyer beware” version of life in the Philippines. Hope you do the “this is how good it can get” version too 😁😁
remmeber in tellyou can trust them 100% buyer beware. tell then rent are buy a condo, want too marry make sure when buy the landfirst and have her sign a lease for 25 years option too do 25 again its legal before your marry even if get marry ,guy should buy a building then lease it his gf . he still would had control of it for 25 years .
Uh… No. ever heard of “the long con”?
Great story Mark! Love your channel!!!
Great video Mark
Mark you are really good interviewing yourself and story telling with a moral to the story. Amazing how few have common sense when looking through those rose colored glasses. You did it right, kudos.
Thank you so much Bill. I really appreciate the kind words.
A lot of guys are really lacking in common sense and experience when a pretty girl smiles at them and gives them attention. It may turn out great, but it might also be your downfall. Focus on a person's character. If their character is not top notch, when things get tough their claimed ethics go out the window.
I really hope that some guys will learn a thing or two from the experiences of others and be able to avoid some very bad things. Us older guys are trying to educate the newer ones coming after us. Please listen for your own sakes and think about what you have heard and read as you mingle with the lovely ladies. You can literally lose everything you have. Choose the right one and you will be greatly rewarded.
Last thing, watching how people treat others will tell you a lot. How do they treat restaurant servers, maids, kids, even pets like dogs. You never know what someone is really thinking, but you can tell a lot from their actions. Cheers.
Spot on Michael, spot on.
Always Above & Beyond with your Stories !! Thanx Mark ! I am avout to go back to Nevada to live at cousin's 6 weeks to Divorce my ex scamming wife in Nueva Ecija.
I love your new place...very beautiful!
Interesting stories there. Thanks.
I like this kind of video. I moved to Portugal, it happened in Portugal as well.
how do you like Portugal, going to UK soon and want to hop over there and check out retirement. Any suggestions, If not stay well and most of all keep the cards close to chest, if you know what I mean!
Financial catastrophes seem to involve one or more of four things: scammers, building a house, starting a business, health problems (including addictions).
@JDave Foster Women - the common denominator in all! :)
@@soundslight7754 for sure, the women are usually the number one factor in any kind of deal going flat.
@@anthonymoody2897 If it flies, floats or f*cks, rent it.
Booze will sink anyone's life. It is by far the biggest culprit!
1st vid from this gentleman / won't be my last. 'liked' and subscribed. I've lived on Bohol islands, retired, 67yo USA guy, 4 years now.
Sage advice...thank you for sharing...great channel.