How Not To Be A Broke Expat In The Philippines. Every Man Has A Story
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- เผยแพร่เมื่อ 3 ก.พ. 2022
- For those of you who have been asking for a Personal Consultation.
Please keep in mind that I don't claim to be an expert at anything, certainly not the Philippines but I'm willing to answer your questions as best I can or share my opinion about whatever you would like to discuss. In a 30 minute call.
PayPal markfthornton@yahoo.com
Thank you!
@Every Man Has a Story
Dumaguete, Cebu, Bacong Expat
How Not To Be Broke A Broke Expat In The Philippines - บันเทิง
NOT BUYING A HOUSE is the best advice, that unfortunately will still go unheeded . I have personally lost a farm lot, and a house to my lovely pinay X. About 400K $ worth
If the love of your life insists on it and brings up all sorts of good reasons to buy a lot or build a house. You are being set up for a fall.
DON'T DO IT!
That's a lot of money
Wow! That's some story, and a 'hard way' to learn a lesson.
Thank you so much for sharing, it is very appreciated, and also a great 'free' lesson for those of us 'thinking about' coming to PI.
Business 101. When there is a liability it's better to rent.
How much you got left after that much loss?
@@Peppermint988 Ah that's true lol. Some1 has to take a fall for others to avoid.
If you kids don't listen to me, you are going to be living in a multi cab, DOWN BY THE RIVER! (lost $20,000 USD)
All common sense advice that need to be reiterated over and over again. Thank you for telling it like it is, no embellishments. It’s a crying shame when retirees end up being in a worse situation than before they retired just because they tried to live their fantasy dream of what retirement should be without taking the time to research it first.
Mark, you are right. Foreigners need to know when you marry a Filipina you are marrying her entire family financially. You will be supporting her parents and her siblings. That's why Filipinos have 7-8 kids as substitute for Social Security benefit.
This is small thing but if you buy a car make sure your car windows are tinted dark because if the traffic enforcers see you as foreigner behind the wheel they will most likely pull you over for smallest reason to make extra cash. I didn't have dark tint, just medium, which they can see you through the windshield. But now i have dark tint and i have not been pulled over.
This is solid information. Some people will not heed a word of it and will learn the hard way.
Dont get scammed by the Pinay. Thats how you prevent homelessness in the Philippines.
Very sensible advice and honesty up front saves a lot of heartache
You have integrity and it comes across thank you for the advice
Iam 65 and plan on moving to PI. I have over $4,ooo. month in SSD and VA disability. LETS see, don't buy a house, don't drive, and I don't want a girlfriend or a wife, don't go into a business with any body here, all I want to do is live out the few remaining years of my life and have fun.
Your all set. Good luck
One of the most informative videos for newcomers I have seen.
Great advice Mark!!!! Well said and well done. This advice will help many men with their plans to move to the Philippines
First time I've seen your stuff, and it's really excellent. I lived there five years in the 80's visited very frequently another five years and kept visiting ever since. All your remarks are right-on, I'd say. The you/honeyKo/family relationship can be tougher than you let on. She's going to be caught in the middle, and those conversations starting with "I have problem" don't go away or slow down as time goes on. I'd like to see a talk about expats and taxation as a Philippines resident. Maybe there is already a good one online somewhere. THanks
Thank you so much.
Super advice in a short, condenced and to the point format. Really great.
Sage advice Mark. Very similar to Thailand. One thing I would add is to go to the Philippines. Spend a month or two and spend time here first. You wouldn't buy a car without test driving it. All the best!
All good points, and true. It is cheap to live here if you live as the natives do. I myself am still trying to dial that in.
I have yet to befriend any other expats. I avoid it lol. I have sat near groups of expats and heard their conversations and it's usually not something I want to be part of. In fact, they should just get the F out if they are just going to bitch about everything here. I know there are some other good guys here but I'm fine with the locals hehe.
Ya, bitch & moan and usually just want to drink like fish all the time.
Why would anyone want to live like the locals do? They gonna look at you and wonder why this guy from a rich country come here and live in poverty and claims it is better than his home country.
@@joshuarizalforeman816 I applaud your situation. Peace of mind is fundamental to health and happiness. However, the commentor said he wanted to live like the natives and avoid all foreigners. An average salary is like $3,200/yr. Is that really how he wants to live? Filipinos leave the country at first opportunity, while Westerners take one-step off the plane and declare it paradise and tell each other how cheap everything is. Who is right? I think too many people romanticize poverty.
Mark, really good information. Everyone who considers going there should see this video. We built a vacation house in Mindanao. Will Airbnb when not there. Been married to my wife 31 years.we live in fla.but if I was to move there I would rent in major city. My wive idea of retirement is being close to 3 Malls. I like Makati and Cebu. City. getting a knee replacement after that we coming over there. May stay 3 months. Maybe we can talk when I get there I got we have to be near a Catholic church.we been helping here sisters and their kids get a college education.no regrets. One a nun and others are hard worked.thank again for the info to newbies.
Amazing value in this video. Thanks for sharing. Hope to see you soon Eric when I come to Dumaguete in either March or April
Beware of gold diggers,
greedy Filipina relatives, investment scams, lavish lifestyle and having too many girl friends.
Great tutorial. Thank you. Keep it coming!
That's great mark glad the info I gave you was helpful
This was a very well thought out and intelligent conversation thank you for sharing your thoughts
Very nice sound advice. Call it like it is. God bless.
I feel sorry for the men who built a house with their wife over there, only to get kicked out at a later date. The housing laws aren't in our favor over there, think with your big head guys and speak with a local lawyer before making any serious decisions. Thanks for the advice OG 🙏.
You're right William. I would never buy or build a house here.
no thats pure love
Very impressive, and generous advice. Easy to listen to.
Love your channel . I was very poor 15 years ago and lost all I had . But here I am 15 years later with 2 income property getting ready for retirement. Hope to meet you in January when I visit the Philippines
Thank you very much for your video. Lots of information people can use. And, you're right about rents. What I rent here for $270, I couldn't get a tent in Arizona (of course the dollar about changes as the rates do)
I was told that foreigners cannot own land in the Philippines. However, a foreigner can build on the property and own 100% of a residential building. Condos are different. A foreigner can own 100%, if the building is sold 60% to Filipinos. I don't know what would happen if the ownership in a condo drops below 60% Filipino ownership (through foreclosure, etc.). If the Filipino landowner tells you to leave, you can knock down the house and sell or keep all the materials.
Foreigners at the age of 60 years and above, cannot get a loan, not even for a car. I came here at the age of 68 not knowing that, so I had to come up with cash. I am not sure about mortgages.
I knew a fellow who came here and he was an amateur photographer. He put up a web site advertising his availability. After about a year he had to take it down because he had so many requests for weddings that he just couldn't keep up. So there are simple sort of "hobbies" which a person can turn into an online business. (Filipinos are photo "mad". These phones with a camera was a real treat here. People constantly take photos, mostly of themselves! Also, the Philippines is the texting capital of the world. I forgot how many text messages are sent every day in total it was over 1 million.)
But don't expect to get a good of coverage with a cell phone as you might in the US, Australia, Canada or Europe. If you're in a major city, and there are many here, and beautiful, too, you'll probably have good coverage. And if you like shopping, some of the best Malls in the World are here! Especially Mall of Asia in Pasay. Thanks for letting me go on and on. Maybe I should get my own vlog or appear on others in an interview. I have lived her for 11, going on 12 years!
Medications - Military Vets with service connected disabilities can get medication through the VA if the doctor here orders it. The USVA does operate an Out-Patient Clinic - no hospital. If hospitalization is needed, there is a VA hospital in Guam - about a 2-hour flight.
You can get a loan from a bank in the Philippines at any age if you have property as collateral. Banks will make sure they come ahead if you default.
Thank you Mark for all of the insights and good advice
Great video, thank you.
My wife is here, I am considering moving here from US, this video answers a lot of questions I have.
This has probably been the most informative video I've ever seen on the Philippines! I truly appreciate all the honest information. Thank you!
Thank you so much. Glad you liked it 😊
Hopefully, most of your viewers will take your advice seriously. Thank you for your truthfulness without putting down the citizens of your host country
Amazing video, Mark. This one is going to be a huge hit!
Glad you think so!
U gave very good and honest tips. Double thumbs up.
Disagree about the quality of the dental care here. The material used isn’t the same. Noticeable difference.
Thank you for sharing all this advice!
Don't buy house with Indonesian, Thai or Filipina unless your prepared to lose it all. This is Good advice. I also speak from experience.
Very practical straightforward information plus excellence advice everyone should know about Philippines!
Glad you found it useful. Thank you for watching
Sound, practical advice. Appreciate your perspective. Stay safe and healthy.
Thanks for watching Gary.
Lots of good advice here.. common sense is the best thing to bring with you.
Sounds advice, very useful tips to take it vey seriously to stay safe, thanks
Love your hardwood floors.
You should put up some hoops.
Would make a nice basketball court!
Mark, this has been one of yours or anyone else’s most useful videos. Just one credit card left to pay off. Need dental work, but glad to know I can have it done there and with a huge savings too boot. Your right, tooth decay has been linked to other health issues. It’s truly sad for poor people who can’t afford it here in the USA. So not only do they struggle financially, they may be in poorer health to no fault of theirs. ❤️ it. Thanks!
Looks Like A Great House 🏡. Love The Hardwood Floors.
Great video Mark, I've been here 26 months now. Thanks
Very sound advice. Thank you!!
Awesome video... Glad that you have found your place in this world...
So nice of you. Thank you for watching
Well said, thanks for sharing. Excellent advice. 😎
wise advice. I would only add is learn the price things in pesos. Do not look at stuff from American mind set saying oh this is on only 3 dollars. Learn the price of stuff. think in pesos! I bought a house here with my wife. married 32 years to filipino. we have all our bills paid off. no mortgage. love it.
Good advice 👍
Great Video and great advice!!!!! Thanks
Great video, Mark!
Very good advice, Mark! Remember the old saying, "buyers beware"!
Really good clear advice there thank you, I've been to the Philippines twice and done loads off traveling around and must say as a whole it is a really beautiful place with lovely friendly happy people.
Gonna look to move out there myself in the next couple off year s.
Thanks.
Glad it was helpful! Micky
Great advice, thanks!
Great wisdom and common sense!! Thank you sir!!
Great video, Mark. Everyone needs to listen, especially about the medical care. Have a plan (and health insurance!)
As a Filipino American from Texas!!! I find your advises on point..
Thank you, Jose. I value your opinion
Texas + Philippines = #1😊
Thank you Mark...great advice ..much appreciated 🦘
Rule number one. Never be worth more dead than you are alive in the Philippines 👍
Also, don't make babies all over like you are 19, and God's gift to the gene pool, when in reality the next Brad Pitt or Angelina probably isn't coming from your loins :)
Lol I guess I’m in trouble then☹️
I have never had that problem!🙂
You're a funny guy Gary! Thanks for watching and making me laugh
This is good advice. Even if I had my Filipina on a life insurance policy, I wouldn’t let her know until I was on my deathbed. I’m hoping there’s a way I can have a trustee or lawyer notify her when it’s time
Great videos! Thanks Mark. 😊👍
great enlightening information.....thank you..
Wise words from a wise man! Love listening to you.
Just subscribed today! Thanks for the helpful tips, Mark! Just started researching about moving to the Philippines in the past week when my husband retires in 2-3 years. He prefers living in the city so we're thinking of renting a condo in Eastwood City first but I'd like the idea of having us visit Negros Occidental to meet expats like you. I think you and my husband will get along. Glad that you married your Filipina GF instead of just living together. God bless!
Mark, that's what the U.S. should have done decades ago...keep ownership of house n land in the US to 60% min for US citizens, 40% max for foreigners...here in US anyone who has blood flow in their body can own a majority of anything! That's why China n Russia own the U.S. 😞
BEH: That is pure unadulterated nonsense and un-American.
complete hogwash ....
Land of immigrants not letting immigrants own property? Philippines is poor because they don't let foreign investments in their country. They were the 2nd richest country in Asia right after ww2, but look at them now.
It is not a USA thing it is states, my home state did not allow foreign ownership of land, but changed the law, after a Canadian company built a 30 story office building
And ban investment banks from buying homes.
Live within your means. Thats advice for living where ever you go.
Mark, I feel that you're providing excellent information, sounds like solid advice. I know that you can't answer everyone's question, but I was wondering where you live, because I want that beach style living. Your place looks very nice!
Excellent information!
Thank you!
Wow, this was brilliant, thank you, very informative.
Great video bud. I want to be on your show when I get there
Great info again
Thank you Sir for sharing your info on moving to the Philippines and your honesty. 🙂👍👍
Thank you for watching
I really appreciated all that information. Thank you.
Thank you for watching ☺️
Great info Mark.
Couldn't agree with you more, hopefully be back there again soon.
Sage advice...thank you!
Love your place. WOW. I lived there in 2012-2015
Lots of good info here condensed into 30 mins. Love it
Awesome, thank you Eric!
that beach background noise is awesome 😊
Yes, it's my favorite thing about this apartment. I swim every day. Sometime even t night during the full moon.
Thanks for your insight and wisdom.
God bless you and your family, it’s always a pleasure to listen to you Mark💖
I hope to meet one day? Thank you for your wisdom and advice, it can be a really a life saver for many of us..😔
Andy from Toronto, Canada 🇨🇦
♥️
Thank you for watching. I hope we can meet someday
Very informative video. I can acknowledge most of the things you talk about from my own experience or that of other foreigners in the Philippines.
Thank you for watching
Great stuff Mark
Thank you 😊
Great advice.
Now I am a subscriber.
Great video Mark. Thanks for the info. Glad you decided to stay!
Also mention that the upper middle class and the rich girls both in the PI and Thailand do not like expat (foreigners) retirees. The only girls out there for the catch are the poor ones for expats.
Excellent content. I prefer this kind of vlogs. Im back as your subscriber.
Thank you, and welcome back
Yes Mark, thank you so very much. I've been almost eating, breathing, and sleeping everything about being an ex-pat from the U.S for the past 2 weeks or so. Sure wish you were my neighbor here Mark, then maybe you can convince my wife. We're in a good position to make this happen, but she don't want to hear it. I'm hoping she'll consent to a vacation in Davao City for a month. We'll see how that goes. Thanks again Mark for your insightful videos that are helping potential ex-pats everywhere!!
Wow thank you for sharing a lot of good imformation
I must say you must be smart in owning a property. Foreigners can own a condo unit. If you want to buy a lot and build a house just set up a corporation to purchase a property. That way you still control 40%.
Good advice! I got lucky and met a woman that already owned her house. I brought her back to California on a K1, and have spent some money fixing it up for our return to visit soon. Again...let me know if you want to interview us!
Wow. Where and how did you meet your lucky woman?
@@mikeparker7878 We met online on a flakey site, lot of scammers but we managed to get lucky! We did recently get back there for 2 months and plan on spending winters there.
Good advice Mark!!!
How not to go broke in the Philippines or anywhere. Hit the lottery and put it in a trust fund where you are given a set amount every month. Do not buy property in a foreign country because you will never own it. Always rent. Do not get married and do not let your significant other to move in with you because they are entitled to half of what you own even in your home country. Just date the person with no commitments. Make sure you have or can get a quick return ticket to escape any situation that arises overseas and you’re stuck there. Other than that stay where you are.
Thanks Mark!
I would like to comment on Filipinas wanting to have a child if I may. You are100% correct that they do desire to have a child, it’s paramount. And you are correct that most expats especially one’s in their 60’s have no interest at all in fathering a child for obvious reasons. You may make it clear in the beginning that you don’t want to have a baby with her and she will nod and things most likely will be wonderful for a while. But later on it will undoubtedly in most cases be an issue, count on it… she will want a baby. Most of us will be temped, I was, to fall in love with a 25 year old sweet Filipina, so very very easy to do. I married a Filipina and so glad I did, 10 years now, instead of 25 she was 37. She loves me and for the most part happy with me but I know she would be more satisfied if she had a child. My thoughts are this: why not seek an older Filipina, they will love you and make a wonderful companion, their skin may not be as tight and fresh but their hearts will be pure and grateful. Please think deeply about not depriving a sweet Filipina of motherhood…and later on when you are not there their child will be there for her. For me, desiring the 25 year old I was communicating with 12 years ago was most likely some kind of lust, maybe nothing wrong with lust but you can satisfy that in the Philippines too. I’m not preaching just want some of you to consider and think about finding the love and desire you seek with an older Filipina, they are beautiful too.
Sounds like you're still holding onto some bluepill strings, unfortunately reality is what it is, especially for people who know their worth.
@@wtfdtreats Look deeper my friend...you missed my point, btw my Filipina is content and well taken care of now and when i'm not.
Good video!!
Super helpful video. thanks.
My pleasure. Thank you for watching
Solid info!
Great video Mark
Great info. Thanks
I like this vid. Some good tips here.
Great information thank you mark
Soon, Mark will even be able to get some furniture! Things are looking up!