When Things Go Very Wrong in the Philippines/Retirement Fails!
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- เผยแพร่เมื่อ 18 ส.ค. 2023
- When Things Go Very Wrong in the Philippines/Retirement Fails!@paulinthephilippinesolddog9234Welcome to our TH-cam video, . Are you curious to know why so many individuals struggle with their retirement in this tropical paradise? Join us on this journey as we uncover the harsh realities that await many retirees in the Philippines. Throughout this video, we explore the various factors contributing to the retirement crisis in the country. From insufficient pension plans to rising healthcare costs, we aim to shed light on the challenges retirees face, often leading to financial and emotional distress. Additionally, we discuss the impact of economic instability, limited job opportunities for senior citizens, and the lack of broader social support systems. By exposing these crucial issues, we hope to raise awareness and encourage action towards improving the retirement landscape. Through interviews with retiring individuals, financial experts, and policymakers, we gain valuable insights into the struggles faced by retirees, the difficulties in planning for a secure future, and potential solutions to address these challenges. Join us now and become better informed about the retirement crisis prevailing in the Philippines. Let's work together to advocate for positive change and provide a brighter future for our fellow retirees. Don't miss out on this thought-provoking video that uncovers the harsh truth of retirement failure in the Philippines. Like, share, and subscribe to our channel to stay up to date with our compelling content.
Vagabond Awake
/ @vagabondawake
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Best advice is use common sense when you travel and NEVER ever let go of your hard earned money! Rent and DON'T get into any mortgage as a foreigner, walk away in times of trouble, and ALWAYS have backup money to ESCAPE any situation!
I recently had a pretty bad motorbike accident in the Philippines where I broke my collarbone and had multiple rib contusions. Plus, some nerve and muscle damage to my shoulder and back. The surgery involved 2 doctors, plus anesthesiologist, multiple x-rays, EKG specialist, blood and urine, iv and pain med drips, antibodies drip, 3 night's stay at a private hospital, etc, etc. Total cost was just under $2,500 USD. My BCBS insurance was not accepted. No pay...No services. Dropped a 60k advance and things got moving really quickly. I am 55 years old, I had written bikes since the age of 14 and never had an accident. Anything can happen so be prepared.
@@agent.86I’d rethink Guam hospitals. It’s pretty near third world country levels now. I was just there last year. The hospital has mold, they found a massive snake in the ceiling and not enough specialists. Take a visit and see for yourself just to be aware.
@@emmalee9747 there's mold everywhere in the Pacific and Guam hospitals and Saipan take USA health I sureance and there way better then the Philippines
Sorry to hear about your accident! As a frequent rider of a big bike, I have been fortunate so far to never have been involved in any motorbike accident. Also, I am in the habit of wearing full leather gear, irrespective of the outside temperatures...
Could you briefly elaborate on the reasons why the hospital declined to accept your BCBS insurance stepping in for you?
Everything is temporary in life. Always have a plan B. Help the one you love as long as they are trying to solve their own problems, but don't take on their problems. Live within what you can afford. Leave your white knight behind.
Well said❤❤❤❤
Very true. You can’t save everyone.
perfect advice!
Sage advice
You voted for a PUSSYGRABBER in USA as PRESIDENT.
Ah yes, when I began a relationship with a Filipina in Bohol 16 years ago (2007), a British ex-pat and business owner there took me aside and told me that I should be aware that, when you begin a relationship with a Filipina, there is an unwritten rule that you will be expected to support her family, even her extended family. I struggled so hard to keep this business at arm's length but, in the end, I returned to Canada 6 years ago (2017), bringing her with me - so demoralized, distraught and depressed over the never-ending expectations and demands! (Well, at least I survived it relatively unscathed while many other foreigners ended up bankrupt)
Now, back in my home country for 6 years, I am unhappy that the Canada I knew and loved as a young man seems to have disappeared; overtaken by a culture of greed and dog-eat-doggedness. It's as if there is no room for a senior citizen with a very modest pension to enjoy life, even a little bit. And so now, your videos have got me thinking of returning to the Philippines. A scary and unsettling thought! Still though, you are quite a character and I really enjoy your videos. It's like having an old friend I can relate to. Thank you, Paul, old dog!👍
I agree! Get back to Asia and rent.
@@martinpeacocke8968
Thanks a lot for your response and your encouragement, Martin. I seem to have misplaced my rose-colored glasses though. After 10 years of seeing and doing it all in the Philippines, I cannot think of any place there that lights up my heart enough to prompt me into packing up and leaving Canada. If only I could find a place where I could spend my days swimming in the sea, fishing, growing vegetables, cooking and writing, somewhere where I didn't have to listen to roosters, karaoke and people making a lot of noise ... then I think I would be happy as a clam. About the only place that has any appeal to me is Siquijor. And yet, it's as if some kind of deep melancholia has grabbed ahold of me and it just won't let go. Well, perhaps one day, It will pass.
Best wishes,
Grinnie, the old storyteller
"Better than yesterday, worse than tomorrow"
Mexico is just a hop skip and a jump away from Canada.
@@terryquinn7765 I've never visited Mexico, Terry, although I've lived in Jamaica, Bahamas & Grand Cayman. Perhaps one day, I'll go and have a look! Thanks for your suggestion.
The last 10 years Canada is gone. Not the same place to live. Only for the wealthy.
Paul, this is the most amazing discussion you and Dan have had on your channel. Plus, your humor, sarcasm, and puns are second to none. I never miss a podcast and always look forward to more. For that I say thank you!
Good job guys.
I agree. This is quality TH-cam content
Less planning means less goals, means less stress in achieving goals 😆🍻
As a "foreigner" it's wise (and best) to not buy or invest n anything, as your rights are "thin", things can change without warning, there can be serious "surprises" (of many kinds) which can
leave you at/with a loss, and you're always at a disadvantage compared to the citizens. Stay "mobile" to an extent, a 1 year lease is the limit, and do nothing to expose your assets to
being vulnerable; there are "traps" all around and keep yourself secure. Be skeptical, be suspicious, trust with extreme caution and research, get everything in writing. Be kind, be
respectful, be "generous" (within reason) but be "ruthless" in your dealings with people when money is involved. My "emergency fund" will be 13,000,000 Pesos (to start), I'll
have a premiere, private health plan, I'll have a 100,000 Peso monthly budget and I'll save 1.5 million Pesos every year.
In other words be wise as a serpent and harmless as a dove. Good advice for a foreigner living in another country.
I agree 100%. What do you suggest for private health plan?
@@garyzies3486 I'm getting the Pacific Cross "Blue Royale" plan - $250,000 U.S. coverage, pays 90% of costs, pays the hospital directly, no deductibles, $2,382 yearly for me at 66 years old with no health problems. It's accepted at all the best hospitals in P.I.
Be cold , when necessary
I agree completely. I know coz I have lived it 😊
If you do buy property in the Philippines, it's best (in my opinion) to buy in a subdivision. These places are usually developed by wealthy (and connected) Filipinos who will not let the value decline. You also should not have a problem reselling them since they're usually in good areas and are a symbol of high status among Filipinos.
You cann't buy property that attacht to the land if you're a foreigner. You can buy apartment or condo but not lot..
@@MsVroege I meant if you buy and have a wife (and most guys marry a girl here sooner or later). I wouldn't buy apartments or condos personally.
@@scottandrews947 Why not?
@@TheRgordon16 When I did some research into buying a condo in the Philippines I was told that as a foreigner since I would only own the unit and not the land it was built on the owner of the land could decide to tear down the condo and build something else on the land and I would not have any recourse as a foreigner.
Last thing to do is to lease the property real estate off your girlfriend at 25 years with the option another 25 years That's legal in the Philippines before you marry or if you don't get married that way she can't kick you out
Hi Paul enjoyed this video like all you do... I messaged you told you I just physically got engaged 1 week ago in Manila and sent some photos.... I've known Jen 2.5 years and things are great, the only down side is the heart condition she has but will have corrected at Mayo Clinic here in Rochester MN.... she actually gets mad at me when I spend money on her... wanted to take her shopping for her birthday to get a new outfit.... she flatly said no because she likes thrift stores.... for her birthday dinner wanted to take her to Viking Buffet and even though her meal was free.... mine wasn't so she wanted left over pizza in our room... the 3 biggest things we did was get matching T-shirts from Hard Rock Cafe... but didn't let her see the price till it was to late to say no... but when she found out all she would say is that is 2 sacks of rice.... a Gondola ride at The grand canal mall and saw 2 movies.... as mentioned she has a heart we want to get corrected after marriage... and I can hear people rolling their eyes thinking she's using him she's probably not even sick... I wish with all of my heart and soul they was right... she sends me receipts for her meds and doctor visits as well as test results and most recently a letter from her Doctor... Jen had Rheumatic fever as a child and parents didn't take her to a doctor so Now Mitral Valve Damage his most recent letter said hoping the Doctor in the US who will do her surgery can do a mitral valve repair rather than replacement, but what made my jaw hit the floor its the first time he said she is in heart failure.... scared the Hell out of me.... im gonna do what ever I can to expedite her visa so she can hopefully have successful surgery and complete recovery anyone who would like to offer a prayer for her to God appreciated.... she's a beautiful woman inside and out and I really don't want to lose her this close to finally getting married
Thanks Paul! That was fun. :-)
Should be against the law, I had such a good time
I really enjoyed listening to these two gentlemen! They seem like two guys you can hang out with and "shoot the breeze" in a casual atmosphere.
Dan is a legend in the travel space ……
Hi mate, Many thanks for sharing another great video. Hope you are well.
These two are best voices of reason for life in the Phillipines.
When all this started. 99% of the 'vloggers', where painting a paradise place with angels..... and many lonely men, gulp it down like a dying man in a desert. It is nice to see that the truth and reality is being spoken lately, but fools and desperate lonely people, will always exist. Hopefully videos like this one, will help many from destroying themselves.
Hey I never paint them rosy Paradise is nowhere on earth is a paradise like in heaven but you can have a good life a good retirement you got to use common sense you got to find a woman that has common sense and a woman old enough to know what the hell job is he going to a job daily paying bills and having our own place to pay for
@@hillbillyintheasia6122 I don't know about you, but many others have in the past. Every place has it's bad and good, some have more bad then good and others the reverse.
Very great points! Agreed completely! Rent and stay fluid.😊
That's why I invest in first trust deeds. You don't have any of the haste of renting out your property. You get plenty of return (7 to 12%) and a very safe investment that pays you interest every month.
If you're not going to own a condominium or group of condominiums the best is to lease to hold that way 25 years plus option another 25 years and you can't be kicked off the property and you could do whatever you want with the property put rentals on it whatever a business
Great conversation!
Loved it
Enjoyed the video. Entertaining and informative.
Great info from both of you, I am now 72 and have lived here in the Philippines for 32 years and have gone thru many of the issues you both talked about and I learned many lessons over the years living here. I agree with both of you about renting a place to live instead of buying, but like you stated Paul I also bought a house here for my wife's future because she had a bad stroke back in 2005 and I wanted her to be set for life when I am gone to the stars. You both have great TH-cam channels but together your even better. Thanks for great info here
But don't you get bored with the lack of intellectual stimulation after 30 years. ?
Wow you started retiring in the Philippines at 40? Wow
@@1966bluemax Yes I retired from the US Army in 1990 and moved to the Philippines and actually I was still 39 at the time
Maybe your comment is for another because I don't need any training I own a house and a condo and have lived in the Philippines over 32 years, but buying is not so good for many expats its better to rent for some.....@@Midwest10
Good advice.
This was great! Just a couple of great episodes. Thank you both!
Great video Paul! I think that the throwing money at problems is usually part of that "instant gratification" culture here in the USA. You remember the rat race yourself, and I can tell you that the rats are slowly creeping ahead! We are already running as fast as we can and can't take on another issue, so it's much easier to pay someone to take care of that issue for us. It's costly and wasteful, but if we can save our psyche from another hit, we often consider it money well spent.
Now for the thing we can't see (I hope you make it this far to this comment). It's something you've tried to share with us over years on your videos. It's that we don't need keep up with the rats once we are in the PI. It's that we will be able to take a deep breath and decompress even though life in the PI is different from the USA. You are sharing your views of "peace of mind" and what that can look like for you in the Philippines! I look forward to being able to throw off my burden and just take a deep breath and be in the moment! I think that's the most important lesson you've shared/taught us!
Great comment! I'm almost in the same boat. I remember Paul made a video and said this about himself, wanting to be the Hero, helping people! I caught myself doing that on dating sites, and yes, they found I was kind, so they thought I was weak and they took me for cash but if it helped them. I'm alright with that, and I learned another valuable lesson. I've message both of u guys a few times, and Paul never comments back! I probably pissed him off at one time. So I completely quit commenting on his channel! But watching these last 2 videos, I do realize Paul does things he says he didn't. There's a word for that, but my spelling is wrong and will piss Paul off more! Dan always replies to my comments. Thank u, Dan! I must admit, there's so much wisdom in both videos! Of course I didn't say advice, Paul. Although there's more advice from both that is important to new guys going for there first time in candy store of Philippines! We could use more types of these videos! Second time I've edited. I keep thinking about everything that was discussed. And in first video u guys laughter was most revealing! Showed u guys having chemistry and laughing at ur lessons! Thanks again!
Great interview guys,thank you both for your info.
Great video, guys! We have friends that had a house built in Minglanilla Cebu about 6 years ago. He is retired American she a Cebuana. Apparently, the neighborhood had to sue the developer to finish the project he hadn't proved the amenities on the original plan. The house cost them probably 250k US..The problem is real estate is not like in USA. The values are all over the board. So, getting you ROI may never happen. I M lucky because my wife already had a house and property when I met her. Any improvements she has made she has paid for. I would say for a foreigner tread very carefully buying in the Philippines. Cebu city condo prices are absolutely ridiculous. Renting is definitely the best option. 👌
In Costa Rica a can of Campbell's Tomato Soup from the US is $4. Meanwhile a can of Maggio's Tomato Soup from Mexico is 55 cents and twice the size, better and without all the preservatives that will embalm you Pre Mortem. Glad you brought that one up.
Hi Paul, One of your Best, if not your Best tube casts ever. Very smooth and extremely
Informative.
Lucky Ace Las Vegas re met you again at the water front Diner.
Good interview. Thanks.
Another great video sir and looking forward to seeing the next one
Thank you so much fellas as usual awesome info muchly appreciated)
2 of the best sharing there knowledge. Thanks Paul and Dan
Great video guys. Some very useful advice.
Excellent advise.
Paul! Thank you and Dan for your very informative channels. Just subscribed to both!
Great video and thanks for the advice
Thanks!
“Know what you are walking into” That is a hard one, many timesI thought I knew what I was walking into…..
Hello gentlemen. With all the firsthand life experiences on the ground with respect to this podcast, it’s very educational and informative specially viewers from the U.S.. Yes, i am a U.S. citizen, 63 years old, married to a professional Filipina for 25 years until she passed away five years ago. I am pretty much aware with the local culture, customs and traditions; including real estate, businesses, health services and other areas of concerns. Absolutely agreed to avoid using fishing rod to catch fish online, 99 % you end up a line without a hook. Great job gentlemen. Stay safe.
Great advice guys ,
Glad you think so!
Great interview, packed with great stories and information. Thank you. 👍👍👍
Glad you enjoyed it!
Good advise 👍
Good info.
This conversation is very helpful and right on !! Love the two person format.
Interesting video. 👍
Another great video Paul.
Great video!
Paul- This was a very well presented humanly video that many already know but all in one video and presentation in this world is everything. Great job to you both.
Wow, thank you!
Great great video! I subscribe to Dan’s channel also. Great couple. A lot of wisdom here. Thank you Paul.
Good job👍
Wonderful video
Excellant advise
This was a very good collaboration video Paul. 2 of my favorite vloggers.
Glad you enjoyed it
Paul, great interview. Both of you guts provide honest information, and it's much appreciated.
Guys not guts auto correct sucks
“ultra sound” was the word you were looking for. Great vid! 👍
Very good video
Thanks
Hallarious but great information and advice.
Excellent
Thank you so much 😀
Best video : )
Old Dog and World Traveler:
Tks. much.
Paul you are the man. Your so down to earth.
Very sane and sensible advice Paul and Dan❤❤❤ more power to both your channels guys, stay safe and God bless 🙌 🙏 👍 🍀
Great vids
You guys do make a great video together .. funny and on point !!
You two on video just a blast 💥
Very refreshing Paul, like always. Thanks for a great time and cheers from Panama
My pleasure!
Lots of good simple common sense advice 👍
I've lived in Thailand, Philippines and Mexico. I was happy in all three countries but would not own real estate there. Compliments to folks who do own property, but it's not for me.
This is another really great video on a really important topic. You are my hero!
I enjoy watching you separately but together you guys are great! ☺
Sad but truth! perfectly said. Great information for everyone 👍
Thanks for sharing I want to be like you when I grow up 😁👍
Great interview 👍
Mighty nice of those grandparents to give their house to the grounds’ keepers❤
Thanks Paul for a great insight into the common mistakes people do when relocating abroad to live a better life. Love your personality, simplicity and words of wisdom. I’ve watched part one of this conversation on Dan’s channel.
Great Video!!! I enjoy so much watching the videos of you and Dan talking together like this. It was nice this was done inside a house where it's quiet - lol
Our pleasure!
What could go wrong? Very good interview guys.
Great advice
Hopefully U.S.Medicare will be available in the Philippines soon,.So text your congress representative in you state to make it happen.If The bill in Congress passes it will be for for a 10 years probationary period.The bill has not passed yet.
I rode my bicycle across India
I ran into an American who was retired in India. He inherited $150k and moved to India. I stayed in touch with him for a few years. Last time I talked to him he said he’s running out of money.
Drinking alcohol everyday
The good life 😂
@@markalejandrox
India is cheap. Alcohol is expensive
Thank you for the genuine words of wisdom fellas priceless guidance and advice for living and loving through life anywhere greatly appreciated
Great video.!!! Thats what its about
Glad you enjoyed it!
You are talking about finance and government stuff just thought you would like a song called " Rich Men north of Richmond " 👍
One of your best talks
Paul you are comedy gold and informative and interesting with your channel a great source of entertainment 😎😇🎯
Im surprised that I've never seen a vlogger mention something that was one of the first things that came to mind for me. After a few months i googled private investigative agencys in Ph. I found one that seemes to specialize in background checks in these sort of relationships They confirmed everything she had told me about her was true. Such as marital status, children, living arrangements, workplace. Etc. Plus criminal background check and even asked neighbors and coworkers about her character and her family's character. It greatly reduced my doubt and skepticism.
Two great youtubers....best info ever
Wow, thanks!
Hi Paul from Panorama city California good followup interview
Thanks for listening
Paul if everyone in the world was like you, this world would be a great place to live.
In the Philippines you cannot own the land but you can build and own
I feel that people can always get a proper address, legal name and a current photo; then notify local expats and ask for help with confirmation. Why not protect your families heritage, whether abroad or not.
Great advice Paul! That's my plan to rent and so I can be mobile and move as I please. However, I do own a townhouse in Suburb of Manila. But I don't plan to live there. Foreigners should consider just rent.
If you do read a condo are you plan on buying a condo avoid HMOs
Preach! But I understand....
hello from Algarve Portugal. very good advice about property and relationships, vacation mode.
Don’t be a hero, don’t be an angel, and don’t be a judge. Live your life.❤
I came to see you from Dan's channel Paul!!!
I'm retiring in under 2 yrs !!!! Plan on touring around a bit I love the crash and burn stories !!!
Best advice for anyone wanting to meet a woman overseas.
'Don't even make an online profile'
'Get your boots on the ground & take it from there'
Brilliant advice Paul & Dan.
Paul and Dan do good video together
You guys give good advice
Dan bet it's hard being a vegan is you wife or girlfriend vegan too?
I can't finish video but hope to see rest later
Hi Guys hit the nail on the head, never purchase properties in Asia full stop, you hear of some horror stories, with the country's Governments, and marriage failures, as the visitor will never get anything back if it all goes balls up..
Great video by the way help
People in deciding. To move abroad
Hey Paul, great channel! I've watched dozens of your videos (and others) and I don't think I've heard anyone talk much about financial support for the wife or girlfriends family. Perhaps a lot of guys have no idea about that or what they should consider giving the family when they are in a relationship or married. That might be a helpful video to watch. Thanks for all your fantastic info. I'm going to Thailand in November for a vacation and check out retirement options there.
My buddy and I own a lot, via our wives, on one of the Camotes islands.
We paid $3,000.00 for it, 6 years ago.
This winter I will check to make sure none of the expats who built around our property have infringed on us.
Judging by the pictures my buddy’s in-laws sent, we now have utilities close, plus a nice, paved road! 😅
We paid for a survey, and have official title.
It's not just expats that will be close to your land locals will claim that part of your land as well
@@hillbillyintheasia6122 My buddies in laws are saying all the construction is by expats, in our situation.
Fortunately, we have official documentation, as well as a legal survey.