What Does $3000 Per Month Get You in The Philippines?
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- Опубликовано: 22 май 2024
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TIMESTAMPS:
0:00 Lifestyle Arbitrage
0:37 Economic Class
2:52 $3,000 Per Month Lifestyle
6:10 Expat Relocation Service: Link in Description
6:39 Cost of Living Breakdown
10:10 15 Step Checklist: Link in Description
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Top Three Retirement Friendly Places in The Philippines, Best Places to Retire in The Philippines, Retiring in The Philippines, Should You Retire in The Philippines, Philippines Expat, Philippines, Philippines,
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These salaries you mentioned for professions in the PH, are these net or gross numbers? If gross, what are income taxes like? One has to remove 20% to get to the net monthly value? Thanks
I was spending about 6500 a month in the Philippines. Definitely living the life of luxury. Eat, drink, play unlimited.
I hope that you had a vasectomy first ... 😵💫❗️
great stuff…thank for these types of vids. I’d love to see a 5k, 7500 and 10k version!
check out Grand Hyatt residences or Shangrai La in BGC, those are the "Boardwalk" properties in BGC
I would as well. But I live here so I already know!
Keep being awesome man! Been following you since day one! 💪
Great video. Much more compact than a lot of these. Thank you.
Interesting and informative 🇯🇲 💯. I'll definately use your service in the near future.
good info !
Another Excellent Video
Next do a $5,000 and up video.
On it chief
@@TheSavvyExpat
Thanks Evan.
@TheSavvyExpat yes please!!! $5k plus!
Yes, do $5000 and up for those of us who have a much bigger income stream.
@@TheSavvyExpat yea would love to see this one! $5k+
Very insightful, likely moving there after summer and this seems great ⛱️😊🌄
My Social Security, Air Force retirement pension, and VA disability compensation, is considerably more than a surgeon in the Philippines, put me into a conference room with a surgeon, attorney, and other highly educated Filipinos and I would be sitting in the corner with a conehead hat that says dunce.
I live here has retired military and civil service. Collect SSN and 100 % disability. So I have some experience on this. You can live very very well just on military retirement and disability. You go to same places lawyers and doctors go to. Stay in 5 star hotels. The upper class locals just kind of look at you with distain.
I found it better to live in country side and go to BGC and Makati once you get bored. Living there is a bit much if you older.
@@morrishooks7536 I got questions
Meh, you all put your flip flops on one at a time.
@@morrishooks7536I’m on the same boat as you retired military w/ 100% . They can look at me with disdain but money rules😂 screw them! I was born in PI , retiring there is the final goal.
Why do they look at you with disdain? I never felt that at all. I was spending 6500 a month for 6 months.
A better advice would be work, save and invest for 30 years in America. Have your kids finish college in America, once they have their own family then you can move to the philippines and live off your investment of 8m(invested maximum in 401k and roth ira every year for 30 years in sp500 and schd) pulling out only 320k dollars a year(4%) which means it will never run out until you die. This way you can have multiple house maids, personal assistants, driver and couple of body guards. By this time, you should also own paid off house in america which you can sell and buy acres of land and mansion. Only go back to america for annual health check ups and tax returns or family emergencies. You can also help your filipino communities by building schools, churches and stores. If you move there right now, it will be hard for you to progress in life unless you keep investing in American market.
How would you spend $320K a year?
this topic has been featured in this channel around 5 times now
Bro, I'm gonna say no to that haircut.
Agree, you looked handsome when you had the long brushed~up hair.
He just need a tonsure to go with it.😂
He’s trying to look like a local guys
It’s probably HOT AF right now to have his longer hair ngl lol
PH is stuck in the 1980s. Evan, bring back the mullett!
I lived there for 9 months just left 2 weeks ago. I was spending $4k-$5k lived great
Always good to see higher budget videos. Would like to see $5k, $10k if possible.
My problem is that by the time I get there, it'll be just as much if not more expensive than living in California
Next do cosmestic surgery prices in the Philippines (lipo, tummy tuck, buccal fat removal, hair transplant, skin laser treatments, butt lift, etc). Everyone does videos on Turkey or South Korea, curious about Philippines costs (and safety).
Thailand would probably be better
just moved to BGC, bunch of those places around here, would also like to hear what the cost, safety, etc. is at these places
Be happy with the way god made you. Fooling no one.
@@119jle I am happy with the way good made me, no need for you to be judgmental
Very cheap.. got my nose done without the bridge just wanted it to look smaller and cost was with everything including medication, 2,500$ that would have been 7-8,000 here in the states.
Great Video. I'm subbed and have been watching a while. Here's a suggestion for another video.
I'm a 60 year old male, retired and planning to use BGC as a base to travel Asia and relax about 6+ months per year. In the past, I have lived in Korea, Japan and the Philippines for a total of about 10 years, so I am fairly familiar with life in the PI.
I do not plan to live there full time, so renting a condo on an annual basis may not make sense, but then again, an annual lease may be cheaper than 5-7 months of condo rental.
Please consider a video that contrast an annual lease in BGC versus 6 months of monthly condo rent, versus living in a hotel (if there are any long term good hotel deals).
Does renting by the month usually include utilities/internet and all the condo amenities such as the gym? Furnished versus unfurnished?
Do condo buildings in BGC that are 5+ years old start to become less attractive due to lack of upkeep, management, less security and newer building being more attractive due to newer features, etc. (I know this happens in Bangkok)?
What are the possibilities of living in a hotel? I know the price may initially seem high, but are the utilities and breakfast or club room (evening drinks and hors d' oeuvres) included?
Are there different/unique visa considerations for someone who signs a one year lease? My budget would probably be $2500-3000+ depending on what's included.
Thanks, keep up the great work.
That was awesome thank you for this
Thanks for for this video - really loving your content!
I just finished building a house and lot in Antipolo that rents our for $650. I also have some rentals here in Nevada and they're cash flowing about $800 per month.
My next goal is to build an apartment complex in the Philippines as we have some land there. I am trying to make work optional hopefully in the next 3-5 years and one way to do that is with Real Estate :)
Quick question for you - I am still doing some research but how much do you pay in the Philippines for health care? Thank you and wishing you all the best in your business!
How is the mail service in areas like Dumaguete for shipping back to Europe or the USA? I do engravings and castings of small items like rings , pendants and keychains. Trying to find out if there's a way to retire early but keep a side gig income for a couple years until SSI begins so I don't drain my 401K like a fire hose before I reach 62.
Great video. I’ve been able to retire here in Cavite and am only 52 yrs old. It is so cheap that my dividends and stock options alone afford me a very comfortable life here. Keep up the good work. Love your videos. :)
What is your monthly budget?
$3,000 a month gets u a park bench and a ticket by ur local friendly police.😮
Feck me I earn more than a surgeon as an uber driver in west London.😂 💪🇵🇭🇬🇧
Cant wait to retire in Pinas.
thats already a high standard and high maintenance lifestyle..
live in a farm in the philippines.. live simple and peaceful with your SSI benefits will do
I live very well as an expat in Minglanilla, Tungkil on $5,000 a month. My wife and i bought a 4 bed/ 3 bath house, totally avoiding the Cebu City condo bubble. HIGHLY overpriced shoeboxes, the condo bubble will burst soon.
Can you do a family of 4 version budget in BGC ?
I’m at $2250 passive income a month now- might be getting an increase to $4100 a month real soon. My goal is to move to Cebu area when I hit $3k🤞🏻
Sounds like a 90% to a 100% VA rating upgrade.
@@Deadpool-hm7io that's a $1700 increase a month, if it is VA compensation, that is around 70%
If I stopped working today, and retire beginning next year and assuming I can already withdraw - $3K a month is what I'll receive based on how it computes. This is broken down into:
- 1.3K from 401K
- 0.3K from IRA
- 1.4K from SS
It will just go up from here. My target is go get this up to $3.5K because tax will probably get the extra $500K anyway, bringing me back to the $3K but this time a net.
@SavvyExpat how much is a 3 bed or 4 bed 2 bath home rent in Quezon City? Or in Cebu closer to where the cold springs are or the beach
Can you do a video on StarLink in the Philippines. Is it the best internet option?
❤❤❤
We have a munggo
. A 2 dollar meal for the whole day. For days you like to save money on meals.
A plumber can make $50 an hour after 5 years.
No kidding? I didn't know that
Yes & 60
Will be moving there with my wife soon as the kids are functioning adults.. I retired early from the military and receive 100% disability. 6,200 a month tax free
$3000 is fairly high, not for the American on social benefit. A 180 degree mediterran view in Albania has a rent of $500.
Do many people in Albania speak English?
@@hrollinsnyc I think in Tirana and at the coast there are some but not in rural areas. Young more than old. Just as in many post-ironcurtain countries.
I visited Europe, they are boring and so cold.
@@angelocalima6338 the Phillippines now 40C people dying
@fredrikbergquist5734 They are not dying they getting plenty of Vit D anti-cancer and saving kidneys due to more water vs. Winter time, kidney issues, heart attacks, cancer, suicide, and depression...Tropical weather is good for the body as long you are in healthy living. Drink plenty of water and enjoy the SUN 🌞 7 a.m to 9 a.m. Then cover yourself until 5 p.m. Then Fiesta time. Dopamine and serotonin pumping up in a tropical country
BGC: the Dumaguete for rich folks.💲🤑💰
3,000 dollars here in LA is about minimum wage
Fast food workers in Ca. now make as much as attorneys in the Philippines.
and they still get your order wrong.
@@patd4u2 and on top of that they are asking for tips even though their fast food
@@bangwi🤦♂️ the USA is doomed.
And you get the privilege of seeing filthy tents and psychos in LA.
People from Philippines will have the wrong idea.. you can barely even live on that in the cities. Many think you go to the US for more money and then realize you can't save or send any home cause you can barely survive on it.
BPO 500 USD , INCENTIVES MONTHLY 300 USD top performer, before moving try to stay for at least 6 months minimum
Living like a baller when I retire in PI
Thats a good income here. At least in makati
2 More years to go, but I want to live on the beach, so I'm just curious what a 3 bedroom 2 bath house with a little private lot would cost a month, I have seen many and am looking for long term..................
Depends on the area, but most likely, around 300-400usd
Please consider security. Living in a remote area on the beach can be a little risky when bad dudes roll up and demand money. It happens, even with a Filipina wife. there is a certain amount of safety and security in condo living.
The statement at 5:11 isn't accurate. $3K per month is below middle class in the US....
Can't travel outside Pinas with $3K a month with bills to pay. Most retirees will have at least $2.5K to $3K a month SS for a couple. Enough for a comfortable life but with no healthcare.
what are your views about living in Cavite,philippines
My food bill is 400$ a month in silicon valley, california
Your video makes me greatful that I was born an american.
Here in the North East of the US, a studio apt will start around $1,500 a month alone. Obviously this depends/varies on city and neighborhood.
Ridiculous! $1,500 here in BGC will get you a decent unit with a balcony in near the heart of the city
@@TheSavvyExpatYes it's nuts!! Trust me bro I believe you when you say I can get something decent for that price. My goal is to rent something in the Philippines for less than $1K US. Can't wait to get out of here. Thanks for the info
Same here in my southern city, if it's halfway decent.
Have I mentioned Zurich / Switzerland 😅💵💵💵💵💵
@@SirMountainpass $3K in Zurich will not last long. Even office workers earns $7K a month in Switzerland.
How do I humanely bring my 2 small dogs and a cat?
earning$3000 a month that lawyer is one of the honest ones lol
I'm gonna find out San Diego to Philippines
When your flight booked for brotha?
Of course, Americans should add income taxes, healthcare costs, and other expenses not included in living expenses. I way overshot on the savings, why am I still working. I get $7k/mo. just in dividends. In my taxable account.
So when are you moving to the Philippines?
@@hrollinsnyc I'll visit and see what's what but I'm not going directly to living anywhere indefinitely. I'm going to travel around. End of the year.
I work from home in California. Moved here to live. $3K here is equal to $10k in the SF Bay Area, maybe more. Its crazy.
Bay area has become unliveable. Sad.
Bay Area is overrated and over priced. I retired early and debt-free in Southern California. There are more things to do and see in Southern California, closer to Mexico and Vegas, too.
@paengguin9381 cool, but u know there are 49 other states. Lol.
@@GUITARTIME2024 yup, but weather-wise. SoCal is the best. I hate hot humid weather.
@@paengguin9381 you hate it because you've been in CA years, i assume. I hate sidewalk tents and crime sprees, so I don't live in CA.
I would love to be in one of your interviews. Is there a business email I can reach you?
You can reach me at evan@thesavvyexpat.com
I’ll never be able to be there. That’s Already more than I make in the US.
How about $3,000 per month and a paid for BGC condo?
Even better lifestyle, much more room to spend.
If you did not plan, have debt and cannot afford to retire in the US, Philippines is an option.
Please, how far would 3000/month go in Tagaytay area. This is where my filipino wife and I are thinking of retireing.
tagatay areas monthly budget less than 2K USD per months for a family. 2 kids with parents.
Thats hard to believe
For a single person $3k a month even in BGC is too much.
For your next videos: How to be “savvy” when buying a car / big bike / scooter etc. in the Philippines 😊
I would be savvy and NEVER drive. Hire a driver. If you have a wreck in the PI and injure or kill a Filipino you may very well find yourself in jail or getting sued for a huge sum. That is like playing an "away" game with "away" refs! You could spend 6-12 months in jail just waiting on the charges to be dropped.
@@justsmy5677
Thank you for sharing - that’s certainly an option for the less than extremely experienced who have NOT driven / raced cars & motorbikes in many countries around the globe 😅✌️🏁
@@SirMountainpass - If they know you have a racing background, then you have a wreck (dog runs out in front of you, people drying rice in the road), they will accuse you of driving like a race car drive in a residential area. It's been a few years, but if I needed a car for a day, I would hire an airconditioned taxi (that I rode in and checked out a day or two prior) for the day for about 1000 pesos/$20, which included gas. I'm sure prices have gone up and it is cheaper if a Filipino negotiates the deal for you. Cheers
@@SirMountainpass It's not about you. It's about the trike driver who does an immediate u-turn from the far-right lane without signaling or looking. The motorcyclist who decides to take a shortcut by driving into oncoming lane. Or the truck driver who wants to drive at night without any lights, or the urban planner who builds a road with a random tree in the middle of a lane. Your experience don't mean squat in that environment.
Goodluck specially in manila. In province like mindanao literally no speed limit. If you fcked up. You meet st peter directly to heaven.
How about 8K per month
Cant compare like that...complete wrong comparison
you can live with 500 per month.
You excluded anything around healthcare or insurance. Important for a "savvy expat".
Senior airline captain pay in the US with ot $500k to $700k per year
Even with o/t, I doubt a United Captain is bringing in that.
Probably BAT😂😂😂
No they're not airline pilots are only allowed to work a certain number of hours per week It's an FAA rule. There is no overtime as a pilot. The most senior pilots make between 200k and $280,000 a year
@@larryellington3543 Yea, that seems more like it.......There's no way an airline could pay "any" pilot 700k. a year.
With the recent airline pilot union contracts. A senior airline pilot (captain with 10+ years) with a U.S. Major carrier (Delta, American, United, Alaska) earns in the high $400K to low $500K range.
A young first officer who recently got off probation earns about $200K.
These are ballpark figures. Pay can vary based on aircraft and routes flown due to hours worked, amount of open time you pick up or type/amount of reserve time you sit.
Good pay, but you run the risk of layoffs due to a changing economy. Also spend much time away from home/family and work a tough schedule with long hours/night/shift work.
Are you a PRA agent or have access to this. I know that if i choose the SRRV visa that i don't need to pay for estafa agencies when my fees paid to the PRA cover it . If you are propagating this crime, then you need to be put in prison.
YOUR channel should be a lot bigger than it is...?? WHY is your subscription so low ... THIS is One of the best channels.... your doing ( something wrong )... YOU should by now have AT LEAST
One hundred thousand subscribers at THIS point..
Lighten up and Stop " pitching".. watch " PEA" ,... fineness...😮
Stop pretending you like his channel with the passive aggressive attack. Jealously much
@@tracymorgan5386 pretending "...
LIKE,..your ' Mother ' ,...( WINK 😜..
@@tracymorgan5386 ,...and WHEN YOU ' find out ' what She has been
,.." Hiding from you " ,... NEXT time
' Pick your flights ' ,... don't go looking for trouble... YOU.." personally" ,..as per usual... WILL
Find ' it ' ,... EVERYTIME...learn YOUR
Lesson.... NOW )... ' WALK ' ,...GWAAN...GO ...
@@tracymorgan5386 your Mom is
" Pretending" Waaay more than me ..
Whose your " Daddy " 😏
Are you kidding. The trades as they are called in the USA. Are very skilled and make great wages. Doctors make 5000 a week or more in the USA. How much does medical school cost there? USA, its well over 100000.
$100.000 per year…probably as cheap as $75.000 if you out of State…an under $50.000 including everything in State
Philippines has 2 tier. Government run schools which amounts to 0.00. Example PLM. And private schools which cost 5k to 6 k dollars per semmester.
@@RomeoUrsu-fy9qo damn. That's not bad.
@@locker1325
Again…could be different big time…either cheaper or a lot more expensive…and I mean the difference it’s huge or could be huge.
Can’t compare a cheap school vs a top of the line University…even with a lot of cash,they won’t accept a student …many time or most of the time,cash and best grades it’s not the only thing to accept a new student…goes one on one too,plus grades plus money or even for free sometimes…not a single rule …very complicated.
3000 us I could live on that just as well here in Australia.
So why would you go to the Philippines.
I tell you it's no fairytale there.
I think you might have a point. I am on the age pension and getting super as well and I am on about 2700 aussie dollars a month that includes food fuel, and utilities plus the occasional dinner out etc. Ofcourse I am not paying rent either I own my home. So the 3000 US I feel is at the higher end of the living costs there I think but as said your in an area such as BGC where costs are higher.
Thank you for Great content.. I am not
Looking at relocation but a yearly 2-4 month getaway to include City-Golf -Beach.. budget $7k per month.. BGC ?
7k$ you will live like a king with that amount even in bgc. Rentals range 800$-1,800$ / mo depending of the size. Half of it will give you a good life.
I make 500k a year. Mind you I have no children and zero debt. I have a six figure portfolio (Stocks, crypto crowdfunding real estate, savings, and CD's) it wasn't easy. I hustled, saved, and invested my money. I always tell people "Money can't fix stupid"
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
That's awesome!!! I know nothing about investment and I'm keen on getting started. What are the strategies?
Investing in crypto/forex is a good idea, a good trading system would put you through many days of success.
Assets that can make one successful in life
Forex
Crypto
Stock
Shares
i want to live for 1k - 1.5k not in manila or bgc ...
That's possible from what I understand
This is more realistic budget….people don’t understand that getting started with $3000 will end in near future at $5000 or more…then they start begging at mall😂😂😂😂
@@RomeoUrsu-fy9qo If in philiphines You cant live for 1500 then where ?
@@pentrubarbati
In Albania 😂😂😂
@@RomeoUrsu-fy9qo :) not anymore is to expamsive i searched for a airbnb in durres and is 1000 euros for 1 month ridiculous
Wait do $10000/month!
Blue collar making so much in the USA now since the shortage of real men in the country now days you can make 100k out high school nows days off these jobs
Mofck yalls can savvy all you want. Just got back from a 2 week vacay and that inferno heat is too real! .. how yallz can wear jackets or act fashionable is beyond me! Jk. Love PH! Once u get used to the demon heat! Yea it's worth it! Haha.
$12k a month??
You rich. Like literally rich.
Living like a king in the province on 3k? You can’t live like a king even on 5k in the province. Simply because most likely those resources won’t be accessible. Unless you wanna eat chicken and rice every day or pork BBQ. But how is that living like a king?
This still does not protect against overcrowding crap food and cueing. Better to live lower standard of living in a better environment of the west.
Majority of retirees retired in Pinas because they have limited income. They will live comfortably with $2.5K to $3K of SS but will not survive in the US. The only problem is healthcare sucks in Pinas. You should have a large sum of money in the bank for major surgery or if you have chronic disease like diabetic & having dialysis.
Rents in BGC and Makati are Too high for what you get. Ex-pats should be shooting for a 500-dollar rent budget. I have this budget. And you should never spend more that 30% on rent anywhere. Finding a decent place in Manila was very difficult without overspending. Never, And I mean NEVER give a landlord 2 month's security deposit in advance. It's a scam and you will have to fight like hell to get it back. If you ever do.
1/3 max rental budget of your total available monthly budget is a good rule of the thumb. Can get more rental (condo) value in Cebu vs BGC / Makati 😊
That's often the case even in the U.S. You're never going to leave it the way you found it.
I’m being told now by many places that 2 month advance deposit + month ahead and month behind
@@keondicecook Tell them NO WAY will you pay that. Only first and last. If they are not crooks. They will accept that. If they are criminals, they won't.
@@keondicecook - they will initially ask for 2 month deposit plus first/last, but I think many quickly drop those demands.