The Story of Expat Ted
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- เผยแพร่เมื่อ 16 มิ.ย. 2024
- Discover the captivating journey of Expat Ted in "The Story of Expat Ted," a tale of adventure and caution in the Philippines. This video narrates Ted's experiences, from the initial excitement of retirement in a tropical paradise to the harsh realities he faced without a stable income. Learn about the allure of expat life and the critical importance of financial planning. Whether you're considering a move abroad or just love travel stories, this video offers valuable insights and a personal perspective on life as an expat in the Philippines.
#ExpatLife #PhilippinesAdventure #RetirementAbroad
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extra cost to you. Thanks for your support!
Some music may be provided by;
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Creative Commons Music by Jason Shaw on audionautix.com
Retire in the Philippines with Reekay at LifeBeyondTheSea.
-- Get a Quote on Expat Health Insurance.. bit.ly/expat-insurance-LBTSea
-- How I send Money to the Philippines.. remit.ly/1amhoix
-- Loctote Flak Sack Ⅱ - Anti Theft Backpack.. amzn.to/3tXuBDk
-- The Only Filipina Dating Site I recommend.. bit.ly/christian-filipina-dating
View My Videos by Category here.. bit.ly/reekays-video-playlists
My New Late Night Podcast Channel.. th-cam.com/users/LATENIGHTWithReekay
Articles at www.lifebeyondthesea.com
If you find my content helpful, I appreciate the support.
bit.ly/thanks-reekay-lifebeyondthesea
JOIN as a Member to get exclusive videos not shared on the main channel!
bit.ly/JOIN-Reekays-LifeBeyondTheSea
#philippines #relationships #travel #cebu #vietnam #expatlife #reekay #lifebeyond #retirement #retired #expatlife
_____________________________________________________________________
This channel contains affiliate links that support the channel at no
extra cost to you. Thanks for your support!
Some music may be provided by;
TH-cam Audio Library
Wondershare/Filmora Audio
Creative Commons Music by Jason Shaw on audionautix.com
Your grounded and chilled logical vibe calms me down when I get frustrated about the future and coming to the Philippines. Thanks 🙏
thanks! glad to be of some help. :)
Also some go there retired on SS, disability etc. So they have a steady income source but then live above their means. They get into a relationship with what is usually a poor girl. Even if she has a job, she’s making very little. She’s most likely partially supporting her parents or her child. Then that guy “falls in-love” and wants to give her everything she wants and most she also needs a lot. Probably never drove a car, owned any assets and her family probably is very poor. So his $2 to maybe 4K a month income gets spread pretty thin. BTW the MAX SS benefits is only achieved if your earnings are $160,00.00 a year. Average salary in USA is around $60K. So those retired expats are not getting the MAX SS benefits and if they’re getting disability then they’re also dealing with some disability issues that need routine medical care or they will also be getting worse.
Anyway, we have seen retired grandpa move to PHL and a SOD. (Start over dad) and seem pretty miserable with his new family that helps him but he’s definitely not “living the dream “ and enjoying the island lifestyle you see online lol.
Not everyone is made of the 'Right Stuff'. 'Early retirement' was probably a new police chief sweeping out substandard staff. Lo & behold incompetence was not just packed in Ted's suitcase when he left the country, it was in his DNA.
Always love the common sense advice you share. Guys love the admiration that comes with being a big spender in SE Asia, and the intoxicating feelings that follow. If you watch some of the other tubers in the PH, you quickly see how much of a trap it can be. Seems it's too late by the time most people realize that. Enjoy the channel and wish you the best.
thanks. yes, to truly enjoy abundance requires some self control. otherwise, things go south.
Well I will tell you this Philliphines it’s not that cheap. Compared to Vietnam or Thailand.
It is about the same as Thailand. A tad more expensive than Vietnam.
No it is not. You have to pay attention to your spending, unless you are acting like a 2 week millionaire. This channel has done lots of good videos around these realities so watch them for knowledge and then repeat until it sinks in.
This is sad story. It's a well known saying that the future favors those that are prepared for it.
Have watched dozens of your videos so far now. It’s like gold, you just shell out oodles of golden wisdom nuggets! Thanks for sharing your experiences and all these stories about the good, the bad, and the ugly. I can’t wait to go, but sadly it might be up to six years before I can make it happen. At least I’ll be armed with all kinds of things to watch out for. If I ever get a chance to meet you… lunch is on me. Thanks again for the great info 😊
that would be great. good to hear you have a date in mind to make the move. :)
@@Lifebeyondthesea I just hope I can still "escape from America" at that time if the world hasn't come to some grinding halt by then. haha. Anyway, yes actively working towards it and it took me a few years of searching other countries out. I'm pretty sold for the Philippines as one of the last great places on earth.
I chuckle when I hear canos say they're going to make $ here with business venture when most Filipinos can't even do it themself. Common sense isn't so common, maybe even more so here.
It's always a bad idea to live on a fixed amount of money. Even if invested, investments can go backwards in value at the worst of times.
You are that kuya everyone needs in their life. Thanks for the advice.
Happy to help
Such a sad story, but after viewing your slideshow, I still want to go to the Philippines.😂
if a person lives here and makes good decisions... it's pretty awesome. :)
Great story. Appreciate the work you do!
Good simple common advice as always 👍
There’s so many more that gets in this shape. Having a pension is key to survival especially in PI.
Great information and real thoughtful facts 👍🏽
Good video thanks for sharing.
lump sum money doesn't even last in the United States rule number one don't ever take a lump sum from a job take a guaranteed pension for life. for you guys that get a lump sum money you can get an annuity payout from a life insurance comapany that pay you like a pension for 10 or even 15 years.
Stop with the annuities! You give up your lump some for a 10 or 15 year payout!!? Do the math, always better to do stocks and some short term bonds. Annuities are for fools but the sales person will say otherwise and always reassure using fear! Don't do it.
@@gobfranklin6759 unknowing, not-even-a-newbie, legitimately asking: if you have investments, don’t you have to pay a broker everytime you need cash or want to make a trade or make any sort of alteration to your money that they hold & manage ? (Like, investment minimums keep poor folks out of the whole horse-race, no ? )
Another cautionary tale. Not as bad as expat John, but sad nonetheless. Poor planning and poor choices. Appreciate the vlog.
Glad you enjoyed it
Having a pension and social security is the move so retirement is ideal
U gotta feel sorry for Ted, i hope u helped him out a little even if u helped pay for his Laptop repair or visa extension u’d been a good fren
You sound like a late night dj. Your commentary is very interesting!!!!
My advice to "Ted" is stay single. Your wad of money will last longer. If you blow through it, keep a credit card to at least book a flight home or if the money starts going and you have no money source from home, then get resourceful on the internet.
I prefer to think of it as toes in the sand to boots on the ground. 18 months to go.
And then people say I'm overthinking moving to SE Asia. 🙄I've been researching for 11 months, going country by country. Philippines looks like the winner but I'm still working on finding out certain details. I've heard tons of cautionary tales like Ted's and I'm surprised he lasted as long as he did. I've heard of similar situations like burning an inheritance, selling a house (in the US) and burning that money, and blowing through a settlement from a lawsuit. It's either overspending, investing in unwise ventures, or flat out getting scammed due to naivete. Seems really simple to me: don't do that.
With the heat are the mountains so much cooler I hear bahol is cool
Ive had this on my mind for years. Against good advice, im coming there in one shot, liquidating possessions, packing two dogs. Finally retired ! All im leaving behind is the crummy part of Florida im in now. I dont want phase 1 running a muck but looking forward to meeting some mature women and date.
just take it slow, don't let anyone rush you into any commitments and you'll be fine.
Amen. That’s a promise. Thanks Hen.
It seems like u can get lost in the Charm of the Philippines. And it also could be that he just wanted to get lost there and never wanted to go back home.
If you have money enough, it will only be enough if you stick to a budget.
Retirement is great with a steady income. If you have a lump sum then figure a budget. 62.5 years to start collecting SS and you’re 55 then 7.5 years until that kicks in.
Say you have $360,000 in funds then divide that up by years then divide that up by months.
360,000 / 7.5 = 48,000 a year. 48,000 / 12 = $4,000 a month and that should be plenty enough and then some. So don’t burn it up, biting through cash is easy.
If you have 150,000 then your budget has to reflect that. You’re at 20k a year like many retired people are on SS. 16,666 a month. Stay in budget no problem. Add a gf and a kid well tighten up.
You drink a lot spend extra every month and at 6 years you’re broke and can’t collect SS for another year plus you are an out of luck and in the streets.
Take care of your budget and wait you say you dumped your motorcycle and are in the hospital? Omg what are you gonna do? $10,000 in bills that’s another 6 months from your budget…..
Nice photos! Please do more of these talkovers but with o ly CHICKS
The lump sum is a dangerous idea if you don’t know how to make that lump sum grow to live on 😮… just saying …
Before coming here, you really should have a plan how to earn money and ideally it is already going to work. If not you better have a nest egg for at least a year.
Even costs are low, have at least enough for a monthly budget of 1.500$. So 20k should be a reasonable nest egg for a year.
This applies only if you are 30-40 and still have enough years to work and to save for a bigger nest egg
Wesly Fleurimond Nice advice.Thank you
Just the heat I'm concerned about I don't do good in non stop heat now certain parts are cooler right ?
baguio hills are cooler, but more isolated.
Hi Henry. Can you tell me please or find out whatever happened to American expat Bill S. of the youtube channel Lanhawk 59? His channel is apparently closed. Thank you, Henry.
I have the plan, the knowledge and the skills. I just need to make sure not to overstay my vacation and to make things happen after the first month or two. Don't get complacent right?
I am bringing over all my qualifications and certs. They all tie in to be able to make a great life out there it would be good to meet up with the right people also and not get distracted by the woman..
I can't look back once I'm there. Would it be better to find employment and to try get the work visa before arriving? Or can I make things happen easy enough when I'm there? I'm not planning on just being an employee though.
do not plan on finding employment in the PH. there aren't even enough jobs for the filipinos. and what few jobs there are pay maybe $500 at most per month. but that's assuming a company sponsors you for a work visa.
bottom-line... do not go to the PH expecting to work a job. much better you focus on how to earn income online. not from the local PH economy.
@@Lifebeyondthesea yeah, the end goal is not employment, for sure. Cheers.
It is hard to make a business successful in the US. In the Philippines you are also fighting speaking the local language well or have many local ties.
a friend of mine was leasing land on the beach, running a successful jet ski business. next thing he knew, he was forced off.. told all his equipment would be impounded. soon after, some local's daughter was running a smoothie shop there. the lease he had was disregarded.
In the vein of this "lump sum" topic, do you have any updates on Expat John? I sure do hope he has a solid plan for his Social Security income
i've not heard from him in months. but last i heard he is working in usa, saving money and looking to return to the PH in about 18 months or so. was sending some money to his kids in PH.
I do get a little tired of there people who travel, bomb out and then wonder why? He could do the same thing in his home country. At some point, everyone knows they are making bad choices. Then they learn, no one truly cares to help when you need it and some (all?) Is due to their choices. Keeping no back up disaster $$ is stupid.
Early payout for cop?
Something isn’t right.
Damn i want to know if the kid is his 🤣
Pretty f'd up she broke his computer and they threaten him nice 🤦♂️
She took him in when he had no money or home,,she sounds like a keeper to me
from the way he relayed it to me.. yes, that was very kind of her. but later, when the baby and money became an issue, she had quite the temper. she broke his laptop by throwing it off the balcony into the parking lot below.
@@Lifebeyondthesea Don't be too harsh on the girl. Any woman will be difficult/upset/distraught when there's no money and the kids are hungry.
The morale of the story is chip away at a few hard boil eggs on the street with a carboard sign, soon a bar girl will feel sorry for you and take you in, free bed n breakfast 🥞 for a while, milk that as long as ya can, until the PC or cell phone gets smashed and leave before the cops show up, and start the process all over again on a different street, keep doing it until u run out of streets, then ferry ride to next 🏝️
Gee, who said ya can't survive on a dollar a day😂🎉
BKM best, know method
It is kind of hard to believe that a retired cop would be this irresponsible with money. It is what it is I guess....
That's true but I knew he had a thinking problem when he took a lump sum from his retirement instead of a payout monthly for the rest of his life and didn't already have that lump sum invested for living expenses.
Sometimes cops are given the option of "quit or get fired" they take quit so they can keep their reputation and pension but if they quit there is no unemployment money. If they get fired they lose their pension and reputation and a new cop job is almost impossible but they can get unemployment money for a little while if fired. So just because this guy was a cop doesn't mean he was a good thinking cop.
I should add that even if he is fired and he loses his pension, he will be given a cash out of all the money he contributed to his pension. He just doesn't get the money the employer promised to add to it. So his contributions might have been his only option when he "retired".
@@TomScott__, correct . He had an option to take monthly payments for the rest of his life or the lump sum. He chose wrong 😑. With the monthly payment option , he would have had cost of living adjustments included and could have a comfortable life in the Philippines. Seems to me he must probably was injured on duty and medically retired out with the lump sum . Poor choice !!!
My first roommate in Costa Rica 15 years ago was a retired US cop. He was VERY irresponsible with money.
@@anthonyluisi7096I know many who died in thier 50's.. you got it use it. Never know when your number will come up. I also know alot of people who saved thier whole life.. got sick and lost everything. On the flip side if your broke the state pays for everything. At least in my state. Kinda in the same view of waiting till your 65 wait isnt it 67 now to retire and travel.. by then you have health issues likely, your not a spring chicken no more. Enjoy life while your young. Just make sure you have a plan b.
I’m an ex cop. You can get a payout but you are almost always better taking 70% of your final salary indefinitely. Especially if you are young