He Thought He Could Retire In The Philippines With 11K Dollars & No Monthly Income - Delusional?
ฝัง
- เผยแพร่เมื่อ 4 ต.ค. 2024
- He thought he could retire in the Philippines with 11K dollars in cash and no monthly income. Thanks for watching.
To support my channel: paypal.me/calr...
Thank you so much for your support of Sunshine Shoulders!
#philippines #retirement #expat
I meant to say you need a ton of money if you're not close to retiring or getting your social security. Thanks for watching.
The title says it all
@calroach1 Your'e telling them right my Brother I'm retired Here in Thailand since 2012, before I retired i used make border runs to Cebu & Manila. I'll be a little more accurate Ive seen the same Dumb mistakes made by guys here in Thailand , Fact suggestion If they're 50 yrs old and Got No pension of anykind , But will get min $1.4k from SocSec taken at 62 Yr old , They Should arrive in the Philippines with atleast Closest to $250K. in Cash savings as possible and a have a high limit Credit card with min. $15K limit
this will give them $1700 Per month Until 62 Yr when they can get SecSoc. personally I would live on 1200 Per mon out of the 1700 to be on safe side .
@user-kh3hm1dd7h great advice. Retiring at 50 is the bomb!
It was pretty clear you were saying you needed over 300k if you *had no other income* and weren't close to getting Social Security.
Great video Bro.Calvin! I had about 70k saved when I moved to Tanzania in 2015. After getting married, buying land, building a house, buying a car and spending like money grew on trees. By 2018 I was broke with 200 USD to my name with a family to support. Luckily, I was able to find an online job that allowed me to stay in Tanzania. If not for that, it was back to the Matrix. 😢. Proper research and financial discipline is key when living overseas.
How much did your car cost ?
how can one get a tanzania visa? at least u have a house, but did you buy a house with 50 grand there?
@@PInk77W1 It was 5k usd for a used car. Cars in TZ are very expensive.
@@unassailable6138 My house was about 25k USD back in 2016 It is a "crack house" like Bro.Calvin's house now. Lol. I had a very bad spending habits and I helped out a lot of people with University tuition and medical expenses. Mess up thing was my wife tried to warn that these people were playing with my money. But being the American jackass like I was just ignored her. Word to the Universe please before you go to any country, please do your research and visit first. It will save you a lot of time and heartache.
@@unassailable6138 I was an volunteer English teacher at NGO for 5 years. Which gave me residency permit for 2 years. My NGO closed during the pandemic and I lost my residency permit.Had to hit the Kenyan boarder every 3 months to renew my tourist visa. Then TZ immigration ran down on me and took my passport in May 2023. Claiming that I did not deregistar with my NGO which was an offense. After paying like 2k USD and because I was married to my TZ wife for 8 years. they gave me the Joining family permit. Which I have to renew every 2years.
I just retired from the Army a couple of years ago. And I will turn 50 in 2032.
I plan to get the Retirement VISA after I turn 50. My goal is to have $30,000 saved up by 2032 - $15k to get me to the Philippines and pay for my 1st month of expenses, and $15k in emergency savings. By 2032, my military pension should be at about $3,000 a month after taxes to live on every month after the 1st month.
Try to save for 6 months to a year of spending before you move
I’ve been hesitant to make the move because I wasn’t confident in my income, kept thinking I could lose this job, so I saved a bunch up before making the move. After a couple years of planning, Be there in 3 weeks 👊
I am on my grind as well. 2025, I will be there
@@mrwonderful3351 Good luck 👊
That's what's up
@@christopherperkins1894 👊👊
I've been to PH 6 times, multiple islands/cities. Just recently returned to the US after 4 months in Davao City. What I've learned is the Philippines is cheaper than the US for many things but not everything. Your budget will depend on your lifestyle, living Filipino style you could easily survive on 1k a month. However, your Filipina isn't going to teach you to live cheaper, you're going to teach her how to live more expensively. I didn't limit myself to a specific budget, but with a family of 4, my wife and our 2 kids we spent about 3k a month, and that's with eating out a lot, frequent trips to the mall, a few trips to the dentist and doctors.
It's always more expensive when you're traveling. But if you're living in one place, you can easily live on 2k or less
Were those two children yours or hers.
Well said,, we have a MUST HAVE list before we make the move.. 20k in cash to move,2k a month income, Adult kids and mom stable health wise( so we dont have to be running back as soon as we get there)Wife a dual citizen,, (she has her US now) and and hotel or B and B for that first month..For us thats the bare minimum before we commit..The thing is to make a couple trips to check it out,, if you cannot afford to do a few exploratory visits,, then you may not be able to afford to move at that time in your life,,,,, Keep up the good work Calvin!
Even with my wife when I go to the PI on vacation for 1 month I won't go with less than $3500 for a visit and that's with all the hotels paid for roundtrip tickets paid for already etc. I can't even imagine being there with 4k in the bank and no income replenishing his account at least monthly! Whoever told him to get a ticket and go home gave him the best advice for sure. He 100% wasn't ready for the PI.
I came here with far less than that after a brutal divorce, and a few months into a new digital business I created… after 12 months, it has been a bumpy ride, but I am getting to steady state now. I did everything wrong financially, but had to take the risk for a better life. Now I live in Boracay, swimming in pristine waters everyday, white sugar beaches, beautiful women, and most importantly, a new heart, mind, body, and soul. I cheated a bit, I gave my Dad $7500 for a “return ticket” if I needed it. He still has it haha…
Doubtful
If you know what you are doing and have the discipline to avoid nonsense like drinking and useless women, eleven thousand can start something profitable.
@@yvesderival634 Drinking and useless Women , you say ? Heck, that's what I come for !!!!
Love the idea of leaving money back home just in case things don't work out. Covering both bets~
Done 13 months March '84 to April '85 mostly living in the province started with $12600 and still had $5500 when I left, it was 40 presos a night in fields Avenue a.c. now I have the pension.
12.6K in 1984 is $35,000 in today's money. Minimum wage was $2.30 an hour.
You could have lived in the States at that time on that money.
Smart
I bought a brand new Honda Accord in 84 for $10k, so that conversion sounds about right. 👍
i am bringing $10,000 for 1 year vacation. i am staying with my filipino family. then i will come back to the states to work. all my other money is 🔐 in stocks CDs and retirement. im single 35 with 0 kids with 0 debt and bills.
It could work as long as you aren't feeding that whole family.
@@patrickmunneke8348 exactly. they are retired so they dont ask me for money. i will be smart this time and NOT get a filipina gf.😂😅
Great video Calvin. You need a source of income or have a job that affords you the opportunity to work remotely. The Philippines offer so many visa types for you to live and stay in the country and now they are about to launch a digital nomad visa. They make easy to live there because we are spending our money in the Philippines and helping their economy as appose to spending it in other Asian countries. Its a win win. All you have to do is stay out of trouble.
I mean, obviously 11K isn't enough if you have no income coming in but.
350k is also kind of ridiculous especially if you're close to retirement age..
More than ridiculous, with this kind of bread, i will go to better developed country!!
I misspoke. I meant to say, "if you're not close to retiring. Thanks.
@calroach1 No worries, I would say that 350k would last about twenty years..
You could make it go farther but you're gonna have to sacrifice..
But it's always better to have disposable income.
Yes you're correct. Peace of mind for 20 years, I'll take it.
Guys are really desperate to live that dream life. Just focus on yourself and save up before heading out. You owe it to yourself to be self sufficient no matter where you go. 3rd world countries are not the place you want to be broke/ real poor.
Nice video Calvin. Love the videos!
You need to budget 20000 usd a year for each year you are away from collecting pension or social security
So if you are 50
And 15 years away
Thats 300000 dollars in bank to be safe
I was cycling across India and ran into an ex pat from OH. He had $150k from inheritance of his mom. He told me that his money was going down to fast. I had a landlord in Santa Cruz CA who sold his portion of the building to his sister for $500k. And he ran out of money in 6yrs. An income, SS or pension is vital
500k would be easy. For me thats about 20 years @ 2k a month.
You just gotta set up reoccurring transfer and not look at the lump sum account 😅
@@ghostshell438facts!!! Dude could have invested the 500k and lived off the dividends at say 5% return. That’s 25k a year. That’s a lot of money in the Philippines at 2k a month.
$500k would work with monetary discipline. Skim off the interest and save enough for the income tax off the interest dividends.
I remember John bringing 30000 to ph
I know someone that more or less did the same thing. He came to Philippines with only a million pesos. This Filipino family in Mindanao was taking care of him. He couldn’t afford a plane ticket home. The Filipino family wanted to sell their rice farm to get him a ticket home. His son ended up helping him get home. A year later he’s back here in the Philippines. I don’t know if he has a return ticket or maybe he didn’t learn his lesson.
That's more than $20,000 dollars, what he did in less than a year with it???
@@EvralTatum-Mcfield-ov2mi I meant he came over with a million pesos only, and it ran out. I’m not sure how long it lasted, but he went home less than a year ago and is already back here.
@b.coxemba6799 right. That's one pro about building an affordable house, it all but eliminates your bills.
$4000 would get you home thats about it. If you don't have at least $1500 a month steady income and 25 K in savings then you should NEVER think about coming here to retire. These numbers are bare bones minimum you want to have. Ideal you have about 100 K in savings and $2500 plus a month. You will be ok if you can get to these numbers.
Agreed.nothing less than 200,000 imo. I heard the horror story of the old Aussie ex-pat who came over to make a life with his young hottie .. brought 160,000 dollars and went home exactly a year later with 2,000 dollars. those young bar girls will suck your money real quick too.
I’ve learned through trial and error to be ready. Have your income budgeted strictly. Be very careful what you buy and have a plan. I started 3 years ago. Still have 3 years to go before I move for long stretches. There is no way to make an income unless you have an internet type job. Consider living in the phillipines a long vacation
I would suggest having at least 100k in investments and do stock options or high yield ETFs for dividends and then it is possible.
@@dominichoward4833 if you play the cards right and do covered calls, and some high yield dividends, and crypto like I am it is totally possible. I highly suggest people educate themselves on this stuff as it can truly help bring in the income needed to not only sustain the nest egg but increase it month after month.
I am getting way more than 4% returns. Have been since I started. Always happy to show what I do if anyone is ever interested, just as friendly advice. I’m no financial advisor or guru.
No. Your strategy only works until you hit a major financial crises. How many years have you been doing this?
100k not enough. $300k with simple dividend, no leverage, no high yeild-high risk, no trading, 4% withdrawal rule is the only realistic way.
Is that what you do?
Then you also need to make adjustments due to inflation.
thank you Calvin for trying to set the record straight.....some people just do not study the situation fully..
I tell guys all the time. I don’t care how much money you have don’t retire somewhere with a lump sum of money and no recurring income. It’s like going to the casino for a weekend with your life savings in your back pocket telling yourself you’re only gonna spend $100/day.
have ss need 1,500 recurring min.
Plenty of people retire successfully with a lump sum of money so this isn't the case for everyone.
@@ariefraiser140 two ideas can be true at the same time. Our messages are not mutually exclusive. Thanks for contributing to the topic! 🏖️
Wad up Calvin from the States, that's awesome input ✌️
"on expat forms..." it took me a while to realize he was talking about "expat for-rums,,," I was wondering what weird official form in the Philippines was giving misleading information ;)
ps. I think the guy probably read somewhere that you could live on $11K ,,, but misunderstood that they meant $11K per year....
I know this is a young guy so this doesn't apply to him.
Just fyi, do not apply for social security in the Philippines. It will be a nightmare.
Do it stateside and have your checks coming in steady prior to going overseas. And have a competent way of accessing your funds when you are overseas. (Schwab account, USAA, etc ..)
I was going to apply from the Phil, but the Pandemic BS caused us to return to the USA just in time to file for my SS, no freakin' Not dead yet letters to send in. Down side is I had to return to work or live in the Ghetto, I chose work.
I signed up for my SS through the embassy in Manila about a year ago. Fairly easy process with a ten minute phone interview and I had to mail a few docs via courier to Manila.
Thanks Calvin. Great post.
So I have to wonder…. How can a guy that is foolish enough to move to the Philippines with NO INCOME and only $11K cash….. how could he be smart enough to save that $11K in the 1st place? Must have had a windfall.
To be honest if the Philippines will get more expensive than it will become just a holiday destination and not a place to live as an expat. Too many things are missing in the Philippines compared to Australia and the only real big plus is women. Rentals are getting expensive, western food is dear, medical insurance or costs too much to the free medicare in Australia.
Just figure you need 2k a month. Divide your budget by 2k, that’s your timeframe.
Absolutely true, I came here on my Military Disability. I planned it out 4 years ago when I started getting it. Still you have to have a plan to have income coming in every month. To an amount your comfortable with and can at least be able to save. Money does run out if you don't and then your stuck. Sad So many guys end up like that. Gotta be smart about that before you come here.
In addition, I am a vlogger as well. I've never heard nor ever advised anyone to come over without some type of residual income. I met guys who came with only 40k and still went broke due to poor decisions or to scams.
Less than a minute into the Video. I would've said the same thing. Buy a ticket home and fix your shit.
I arrived with 105k in the bank and starting my social security income on month two. But I arrived with no rent to pay. A home already built. So anything I spent was to improve the home, or spend vicariously on my honey. I still went through 50k with 70% spent on car and home improvements. I have my social security and another $130 a month or so in t-bills interest. Plus ratholing 25% in capitol gains in oil sector stocks. And I am now watching my spending. We're comfortable, but watchful.
Good day You just said something that I was always always aware of,fear of , mindful of . Nobody and I mean nobody gives A SH-T if you go broke and nobody will lend you NOTHING 💯 DON'T NEED TO WATCH THE REST PREACH ON BLACK MAN
Great advice. Only option left is to book a ticket home. The guy must live on a different planet. What does he think he’s gonna do to grow his 4k to live off ? Some people are better off staying home.
You really need passive income or an online job. 11k at $1k a month or $500 a month if super cheap, would only last 1-2 years at best.
And get the online job before you move. Don’t try to get one afterwards. Bc there’s no guarantees in life
Anybody having a money problem in their home country should know relocating to another country, those problems will follow you! Could you wait at least until you are old enough to collect SS before doing this? Several years ago, I was approached by a guy asking me to allow him to live with me. I refused him because I was not going to make him my dependent! And it was a different guy, not this one!
I love yuor content I love how yuo say everything so blunt so realistic about the real truth in the Philippines thanks I like to learn of every aspects of life there are no friends anymore no real friends people stop trusting others I don’t trust no one 17 ,000 it’s not enough if yu are partying drinking se*ect ect
Thanks.
Brutal reality check. Cal . I have a dream but my funds are not playing fair with me😂 thanks buddy good luck
I remember hearing about compound interest and annuities in a livestream on this channel. Since than I've been doing some research, tho it may take a while since I don't have a 6 figure job but it's a start and I thank god for that.
Sure I can get lucky and hit the lottery but luck isn't something to depend on. Always be active in looking for different ways to generate income.
I got my VA disability and I do good. I get meds from the VA medical in Manila. Now I got medical coverage God forbid something goes wrong. That’s why a lot of you do TH-cam and get those subscribers because you need that extra income. Plus I got a back up ticket to get me home God forbid something goes haywire.
Understood. But you have a repeating source of income.....
they guy don,t have any va no ss are income . big different
I spent 10k in 3 months in the Philippines but I feel better because my shoulder feels better after getting a massage 3 times a week and resting and going to the beach to swim so it's worth spending it for good coconut water and now I'm healthy.
I would say buy your ticket home.
No way 11k is near enough.
$11,000!! That’s how much I spend on a 90 day trip to the Philippines. And he wanted to retire off that 🤯🤯🤯.
Right If I had 11k I would invest my own business or start remote jobs. That's a dumb move to retire in 🇵🇭 🤦🏾♂️
I remember my first visit to the Phil. as a tourist was in 1984 I spent around $2500 for two months vacation with the exchange rate $1 = PHP18 and my last visit was in 2020 also two months vacation and with the rate of $1 = PHP50 I spent almost $10,000! I visited the Phil. almost 30 times, and with the high inflation now I think I need more than $12,000!!
My wife and I traveled to the Philippines last year for a month long stay. Including airfare we spent less than 3K. We do own a home in a burungy on Mindanao, but I can only handle about 2 weeks in the jungle without speaking any english. So the rest of the time we spent traveling to places like Dinagat Islands. I still came home with a few bucks in my pocket.
Perhaps some good advice would be to avoid ruining your chances for a decent retirement in your home country before moving to the Philippines to achieve your dream retirement.
recurring income is key, investments that pay dividends, that have been held for 4+ years (to account for crash), I still got 2-4 years before i pull the trigger. I get its frustrating living a working life and the desire to start your new life is strong. But a financial foundation is so important. Cant imagine thinking 11k would be enough, he'd be better off buying 11000 lottery tickets instead of pulling the trigger that early, but yeah 200 - 350k minimum.
VERY GOOD VIDEO
Hey my brother... you already know what time it is... haters gonna hate. It's a shame about the $11K guy...plan the work and work the plan... with contingencies in place... but you know me.... shadow guy. Lemme know when you plan on doing something like that special giveaway again and see if we can double up making it 100K instead of 50K.... the goal is to help as many as possible right....as GOD provides the blessings we bless others.... right 👍🏿. Thank you for being you and doing what you do..... and I know it's not for you to receive any accolades or to put you on a pedestal because that's not in your heart of hearts. But may GOD continue to bless you and yours and keep you all well and safe out there 🙏🏿🙏🏿🙏🏿... peace 🕊️ and AGAPE 🙏🏿... lemme know about the next giveaway 😊
do people not check the laws of the Philippines? It states that at the minimum you need to show an income of at least 800.00 usd each month just to be there legally....
Catch your own fish, no ac, in a bamboo hut. You could stretch for awhile😂
And a vollyball
There’s a blogger in Thailand that sold everything and went to Pattaya with 10k 🤦🏻♂️. He’s broke trying to sell scrap medal now. Crazy huh?
Hahahahahahaha...I go to Thailand myself....As a tourist and bring my happy ass home. That being said my now S/S and my Pension match up nicely on how I want to live in Thailand..But like everything else New Money Rules may apply In Thailand. My plan B is Cambodia . But to be fair need to check out the Phil. Key points, Research ,Plan, Then Execute. I see it all the time.. I'm going over get my lady and make something happen.....Try to tell them until you secure yourself, or you will get something that cardboard sign saying need help to get home with long awaited help from the embassy which you will be paying back in Full........ Never Ends....
Calvin, motorcycle accident if need a surgery the average cost is 200 thousand peso plus therapy that 2500 peso. and hospital bills plus the kicker "it the foreigner fault " pay up. 11k not enough just on that issue alone good video Calvin
What if a blogger did tell him whatever? Woooow, taking zero responsibility for ones self how bout!?
🤣🤣🤣
I don't know, maybe he should have taken the $11,000 and started a business in the Philippines. Not sure how possible that will be for a foreigner. I assume a person will pay a least $1000 a month in the Philippines. Unless the person plans on living in the same house as his girlfriend or whoever.
Blame only belongs to the individual....Look In The Mirror.... Hate to say it...Failure to Prepare and Lack Of research will destroy you.... You failed the number one Rule in becoming a Traveler,Expat and in some cases a Tourist in Other Countries. SECURE YOURSELF.....
Planting a few dollars in the soil.
Expecting a cash crop soon 😃
Hilarious 😂
There are so many expat vloggers who do not have the money to live in the Philippines and depending on TH-cam to support themselves. How many of these vloggers should be trusted on anything?
Seriously, how stupid do you have to be to think you could retire for 11k ??😂🤣. Unbelievable. Sunshine shoulders bringing another banger of a video. Keep up the great work. ❤👍. You rock my dude👊😎
🤣🤣🤣 thanks
He is mentally unsound sir. That's all there is to it
I am 58 years old with 30 years of work behind me. As a union member, I could retire between the ages of 55 to 59, but only getting one of the 6 different retirement accounts. At age 58 I would only gross $1500 dollars a month before my union penalty of retiring before age 60. No way I would do that because even with about less than two years to go, the time would go by fast and I will be 60 before I know it. TAKE YOUR TIME BEFORE MOVING TO ANOTHER COUNTRY UNLESS YOU HAVE IT FINANCIALLY PLANNED WELL! EVERY Blogger I have heard ALWAYS say to make sure to have a steady source of income. I could leave now with the money I would get from just one account and live their in PI but would I really be living? Take your time, plan well and then live as stress free as possible
Agreed! 💯
I’m planning to arrive in Manila in march. Settling 2023 taxes first. I’m retired army and have my monthly pension, but I’m about 10 years away from ssi. Planning to settle in one of the provinces. Will be staying with a 13a visa. Will this work top?
That's barely enough for an emergency with a monthly income and with set up cost, that's just about enough for a two-month vacation over here for me anyway.
Looks like you live high off the hog sir.
@@SmoothLife. I don’t think so I’m a big saver have been for a very long time but I do like Makati and BGC loving it here
@@CornellSandiferThat’s the most expensive place to be. Just stay in the USA if you want places like that.
@@patrickmunneke8348 I don’t want to be in the US right now I’m happy right where I’m am.
All you need is a phone and you can Retire. Yeah TH-cam! Weeeeeeeeeeeee!
Great video. I learned this the hard way in my 20s. If you don't have recurring income, eventually the good times will end. Luckily I was able to short sell my place and had emergency money so I could return back to my hometown with 5000 USD to rebuild my life. Sometimes it's your direct blunder, sometimes it's indirect (i.e. you are with a women who made a tight situation worse). No matter. Better to be broke in a place you know well, and how the hustle goes, than somewhere foreign running on fumes and not knowing as much as you wish you did.
Calvin said it right, there is no shame is knowing you lost a round, and returning to your corner of the ring to try again another round. Will people shame you? Some will. Still, live to fight another day.
In my opinion, your budget numbers are accurate. I think his brother informed him about what it cost for his brother to live there BUT his brother probably didn't mention that his OFW woman is helping to support him. It also could be a "joke" unless he just didn't do any research.
If I was retirement age I could come today but I’m way to young. I’d sell my house and be scottfree.
dude cost at lest 12 to 15 k a year usd to have basic stuff ,lol. 11k spend in 2 month's in the usa .
You can live on 11k for like 5 months or more here in the usa
@@patrickmunneke8348 guy want to retired on 11k lol. nuts
great video. you were very kind. there is a price for stupidity, however. even you can't fix that.
Nobody wants to go all the way over to the Philippines just to have an American in the Philippines asking to borrow money. Most thought they left that crap back in America.
Lack of preparation results in piss poor performance! Do your research before moving anywhere. You couldn’t move to California on an low income state, such as Mississippi or Alabama unless you’re rich!
10 years ago I lived with my Wife for around $500 per month in the province (for years not months) We were very comfortable and being more introverted we enjoyed spending our time at home. Internet, cable ect. It depends on who you are what lifestyle you want. Being a strict saver I don't spend money on useless crap as I am over all that. I think people in the West are completely spoiled. We had family members that were earning 3-5K P per month so I always compared myself to them and felt like a King in comparison and very grateful for the amount of money I had. I also had a very large amount of cash back home so it wasn't like I was under any kind of pressure if something went wrong. I enjoyed living like the locals for all my food needs/entertainment and definitely did not go there to live a Western lifestyle. (I wanted to get away from that) People have asked in other blogs how? and I have broke it all down and my numbers are actually lower than stated but it is too long to write. Good luck guys! Just be humble and smart. :)
As a woman I know this in today’s recession not even 30,000 it’s enough if yu only relying on only the to pay for all yuor room food bills fun drinks etc etc it s gone so fast and for a businesses as a foreigner it’s not easy and the type of business that man is so naive
Dude vloggers not you but many others always saying its easy to live off 400-600 a month. And he has 10 other losers that say they are also living like that. I have yet to get under 1200. And i live cheap charlie here! 1 year so far.
Whole filipino familys live with under 500 per month. How can't you not live for under 1200?
You can find places for rent for like a 100 a month.
When you put it out there in the universe it should come back like the 2 Million Pesos or $36,363 USD when exchange rate is 55 to 1 : That is impressive help. be blessed !
Hey Big Cal, great topic and one love from Đà Nẵng Việt Nam, but allow me to say, that most Expat forums and some of those misinformation sensationalized vacation TH-camrs do more harm than good, by sending the wrong message of how cheap everything is in Southeast Asia to would be foreigners mostly men who don't do there homework and think they can come to the Philippines, Thailand or Vietnam and live on only a $1000.00 US a Mth, which is furthest from the truth only to find out it's more expensive than expected, especially if they're going to try and build a relationship with a local woman...
You can't throw us all under the bus.
@@calroach1
Not all TH-camr / Vloggers are irresponsible with there information but most of those vacation TH-camrs are, because it's about view's and subscribers for them plus they're not in one place longer than a week or two to give a realistic comprehensive breakdown of what it really take to live in that place, so it's all subjective and depends on to situation between living or on vacation in that country.
@travelexploreasia9576 oh yeah I missed that "vacation" part. They do reach a lot.
Yea they conveniently forget to mention that 1000$ a month doesn’t come with a 19 year old hottie 😂😂 which is EXACTLY why they want to come here in the first place 🤣🤣
@@keith-kb1zl
Yep, no for thought in understanding that there finances will have to include a hottie with the possibility of kids & extended family responsibilities, which is a common factor, once you start dating or get married to a local woman...😂😂
Salute brutha Calvin, great video; however, only a fool would relocate to the opposite side of the planet with only $11K and no type of recurring income... ignorance is bliss 😮
Income income income make sure u have a solution for money every month.
Emergency savjngs visa flights home etc
Health account for emergencies, etc
Visit with a plan
Stay away from the bad vibes
And lastly just live with common sense
He retired for 3 month's
Hilarious 🤣
I went to Philippines for two months with £11,000 GBP.
Stayed humble, lived in small condos, cooked my own meals and would only treat myself to 4 star / 5 star resorts using my Expedia / Agoda points every weekend.
Went to Boracay and stayed in cheap hotels.
Worked out regularly and would walk to nearby commutes for extra cardio.
Got back to London with £9k
I’ve seen a lot of Foreigners pull up to the Philippines thinking they’re invincible only to end up fat and broke after a few months.
💯
It’s called bar girls 🤣🤣 same shit happens in Thailand too.
11k is for a really good vacation.
I was shocked to hear you mention about this on your livestream. If I knew that I had six months to live, then $11k might be enough to squeak by? Congratulations on 53k subscribers Calvin.
Its way more then enough to squeak by.
They should visit first before planning to live there.
Craziest thing I've in Philippines is a fairly young American that borrowed money Filipinos and owed several restaurants.
That person must be crazy
I think if a person has NO income, and plans on retiring, they need to have cash assets not less $3000 per month until they are eligible for their pension, soc sec whatever. As time goes by, cost of living will rise. So while they dont need 3k/m right now...who is to say what it will take in 5 years? So if a person has 60 months before they can draw soc sec or pension, they need at LEAST $180,000 cash.
Great video. I would blame the gentleman who came over with 11 thousand dollars. This ain’t rocket science. If you’re in another country and you have not learned the art of how to handle money. How to budget or how to prioritize. Stay home. At least you have safety nets in usa or where I’m from. Canada.
The philippines is a magnet
For...
You fill in the blank
I dont want yt to delete post
One of the Philippines biggest exports is people, because they can make more abroad than their home country. So how are people expected to t to show up with no particular connections and expect to make more than where they’re from?
Right.
Passive income + living simple = $1500 a month + ur goood for life.
You said he was retiring here. Doesn't that imply that social security might be in the near future? There could be more to the story than some idiot who thought he could retire for life on 11K only.
Good advice
Cmon, you can easily retire on 11K anywhere in the world. Solid plan.
Bet that guy will skydive with a Harbor Freight parachute.
Maybe if he had 6 months left to live.
try 110k in liquid asset and 1.1k montly income, should we tell him?
11 k should at least last 6 months. How long did he last Calvin
It would last me about 3 months in Lapu Lapu. That is having a meal out everyday and a girlfriend. Not including the plane ticket home. I could stretch it out to six months if I rented a room and didn’t use air conditioning. If you use taxis it goes quick. You could stretch it out using Jeepnies eating rice every meal and renting a room. You would need to stay healthy too. I want to live like I do in the states. House, car, motorcycle , insurance and eating out. It is going to cost a lot to live right. Less than the states but not much less. A nice steak dinner for two with the sides is going to cost more in the Philippines than the Texas Roadhouse but much less than Ruth Chris. The Philippines isn’t free. If you want to live in the province in a house without windows and eat the food that you grow and not go anywhere you can live awhile on 11k.
Right. But to retire? What was he thinking? Or was he 🤔
@@calroach1. He was sold a fairy tale. No way you could retire with nothing coming in. You cannot earn any money as a foreigner. On a side note Merry Christmas 🎄🎁 to you and your family! I wish you all the happiness and prosperity in the next year! You have been amazing to me and others!
14k php month for 36 yrs
@@EE-vq4jt Your math is off. You misplaced a decimal point. 3.6 years not 36
Plus exchange rate varies. You would be living very poorly at 14k a month. That wouldn’t even cover housing at most locations.
How is steak dinner for two going to cost more at texas road house in the Philippines then in the usa? I went there earlier this year and just for me it was like 37 dollars.
Question
That guy John who came to the PI
With $30,000. and lost it all quick
Could he have made it 3y till SS kicked in if he lived in a cheap studio and ate
Cheap at home ? Thx.
@@Black-Circle yeah I remember the woman part. I’m saying if he lived frugal for 3y until SS kicked in. I read somewhere I can get a studio for $100 a month.
Expat John is Lord
@@Black-Circle yeah and then he went and got a girl pregnant. Yikes
@@Black-Circle I love women
But if you’re on a budget. No way.
I’m 62 and don’t own a car. I bicycle or walk everywhere
@@Black-Circle I’m good. I was just thinking out loud
no wonder calvin gets upset and fired up guys just dont listen here he is trying to teach everyone what knows and has learned