🇵🇭 Why you need $3000 Month Minimum to Retire in the Philippines

This link has the information discussed in the above video:

𝗗𝗮𝗻’𝘀 𝗙𝗥𝗘𝗘 𝗘-𝗕𝗢𝗢𝗞→ 𝗙𝗶𝗿𝗲 𝗬𝗼𝘂𝗿 𝗕𝗼𝘀𝘀 𝗧𝗿𝗮𝘃𝗲𝗹 𝗪𝗼𝗿𝗹𝗱

𝗗𝗮𝗻’𝘀 𝗥𝗲𝘁𝗶𝗿𝗲 𝗖𝗵𝗲𝗮𝗽 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗪𝗼𝗿𝗹𝗱𝘄𝗶𝗱𝗲☆★☆

𝗗𝗮𝗻’𝘀 𝗛𝗼𝘄 𝘁𝗼 𝗠𝗮𝗸𝗲 $$$ 𝗢𝗻𝗹𝗶𝗻𝗲 𝘄𝗶𝘁𝗵 𝗬𝗼𝘂𝗿 𝗛𝗼𝗯𝗯𝘆 𝗖𝗼𝘂𝗿𝘀e

What kinds of risks are you taking if you move overseas?

👇🏻 𝐅𝐎𝐋𝐋𝐎𝐖 𝐐𝐈𝐀𝐍𝐆 👇🏻
💁🏻‍♀️ 𝐇𝐎𝐁𝐎 𝐕𝐄𝐍𝐓𝐔𝐑𝐄𝐒 - 𝐐𝐈𝐀𝐍𝐆 𝐇𝐔𝐈
〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️

‼️𝐋𝐈𝐀𝐁𝐈𝐋𝐈𝐓𝐘 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑‼️: While we have done our best to share our gathered data with you, we are not responsible for any errors or omissions, or for the results obtained using this information. All information is provided “AS-IS,” with no guarantee of completeness, accuracy, timeliness, or for the results obtained using this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability, and fitness for a particular purpose. In no event will we be liable to you or anyone else for any decision made or action taken in reliance on the information for any consequential, special or similar damages. Any reliance on the information in our videos or the comments below is strictly at your own risk. Instead, you should consult with legal, medical, financial, tax, and/or other such appropriate professionals familiar with your unique and detailed factual situation before taking any actions.

‼️𝐂𝐎𝐒𝐓 𝐎𝐅 𝐋𝐈𝐕𝐈𝐍𝐆 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑‼️: Our cost of living estimates include only the cheapest food, rent, and local transportation. It does not include medical insurance or any other expenses. Before moving here, you must do a temporary exploratory site visit in order to accurately calculate your personal cost of living here for all costs for your lifestyle and needs. Plus, make sure you have access to significant additional savings in case you face an emergency.

꧁ 𝐕𝐀𝐆𝐀𝐁𝐎𝐍𝐃 𝐀𝐖𝐀𝐊𝐄 ꧂ 𝐢𝐬 𝐭𝐡𝐞 𝐘𝐨𝐮𝐭𝐮𝐛𝐞 𝐜𝐡𝐚𝐧𝐧𝐞𝐥 𝐟𝐨𝐫 𝐕𝐚𝐠𝐚𝐛𝐨𝐧𝐝𝐁𝐮𝐝𝐝𝐡𝐚.𝐜𝐨𝐦

☆★☆ 𝐅𝐎𝐋𝐋𝐎𝐖 𝐌𝐄 ☆★☆

💁🏻‍♂️ ➪ 𝐕𝐀𝐆𝐀𝐁𝐎𝐍𝐃 𝐁𝐔𝐃𝐃𝐇𝐀
〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️
☆ 𝙁𝘼𝘾𝙀𝘽𝙊𝙊𝙆 𝙋𝘼𝙂𝙀 ☆ :

☆ 📩 𝘾𝙊𝙉𝙏𝘼𝘾𝙏 𝘿𝘼𝙉 ☆ :

𝑻𝒉𝒂𝒏𝒌 𝒚𝒐𝒖 𝒇𝒐𝒓 𝒘𝒂𝒕𝒄𝒉𝒊𝒏𝒈,
𝑫𝒂𝒏

✩★☆ 𝘼𝙉𝙊𝙏𝙃𝙀𝙍 𝙁𝙍𝙀𝙀 𝙚𝘽𝙊𝙊𝙆 𝙄 (𝘼𝙈) 𝙃𝘼𝙋𝙋𝙔☆★✩

[VagabondAwake]

This link has the information discussed in the above video:

𝗗𝗮𝗻’𝘀 𝗙𝗥𝗘𝗘 𝗘-𝗕𝗢𝗢𝗞→ 𝗙𝗶𝗿𝗲 𝗬𝗼𝘂𝗿 𝗕𝗼𝘀𝘀 𝗧𝗿𝗮𝘃𝗲𝗹 𝗪𝗼𝗿𝗹𝗱

𝗗𝗮𝗻’𝘀 𝗥𝗲𝘁𝗶𝗿𝗲 𝗖𝗵𝗲𝗮𝗽 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗪𝗼𝗿𝗹𝗱𝘄𝗶𝗱𝗲☆★☆

𝗗𝗮𝗻’𝘀 𝗛𝗼𝘄 𝘁𝗼 𝗠𝗮𝗸𝗲 $$$ 𝗢𝗻𝗹𝗶𝗻𝗲 𝘄𝗶𝘁𝗵 𝗬𝗼𝘂𝗿 𝗛𝗼𝗯𝗯𝘆 𝗖𝗼𝘂𝗿𝘀e

What kinds of risks are you taking if you move overseas?

[barkeater]

My wife and I live on $1500 per month. We live in Cebu City. We go on 3 and 4 day trips every month. We have a nice apartment and cook our own meals. Once a week we go to IT Park and Ayala mail for dinner. We live a nice life.

[ph]

That's so true, in all of your videos in various countries, the general theme rings the same. The biggest differences (generally) are rent and local foods. But if you choose to live in an upscale, ex-pat, gated community with all the amenities, and shop at upscale ex-pat-catered supermarkets, probably not going to be all that cheap. While westerners are spoiled by modern conveniences, the trick is finding a balance that is more tilted toward living like a local. The closer to that you can be, the less expensive it will be.

[Koya_Sipanlog_Express]

I can live comfortably for $350/month in Dumaguete. I have my own home. The $350 will be for food, utilities, and gas.

[Marabella]

Dan, Great video. Your are exactly right on your observations. Me and my Filipina partner shop at the open air markets, sometimes grocery stores and eat at home or mostly local restaurants. We drive a 2019 Navara (paid off) live in a gated secure 3 bed 2 bath house with Aircon and fully furnished for $300 a month, utilities around $100. My house note alone in U.S. was $1, 400 add utilities average $400. None of these prices include high inflationary prices now. We live on around $1600 a month in the Philippines don't drink alcohol or smoke. Life is wonderful in the Philippines. God Bless & Take care.

[LB-tyks]

You are so right in your description of what you'll need to live in the Philippines. Who's the wealthiest, the one who is happy and content living the $1000. a month life or the one needing the $10, 000. life? I think the real measure of wealth is your contentment.

[simcanta]

Just to give an idea of what is possible, I live with 1555€ per month in Vienna, Austria, working 3/7 days a week (my personal choice). I live more frugally then before, travel less, but still making an happy life. In general, my personal point is: adaptation is the key factor. So I underline the main point of this video: it is possible depending on how you want to live. The mindset is paramount

[AustralianpinayinBacolodcity]

We are happy with our $500 a month and we own our home in the gated community in the City of Bacolod . 🇵🇭🇵🇭🇵🇭😍😍we are not retired we just living on our savings and investments abroad .🤩

[DHarri]

This is one of your most insightful vlogs to date, a person's budget and lifestyle are naturally subjective wherever you live. Being retired in such a beautiful place would invite a person to get the most out of what is already present including immersing one's self to appreciate learning new cultures and other specific things related to the local land and seascape of your new home. With so many open markets filled with all the vegetables and other foods a person with just a pan and a little bit of cooking knowledge could easily eat very well and still be able to treat him/herself a few times a week. Anyway, a good vlog, a very mindful and broad topic in terms of adapting from a lifestyle perspective.

[gailmaplesden]

There's a difference between existing and actually living. Most people living on social security alone without another source of income in the west are considered poor . In the philippines a person from the west can actually live well on their social security of 15 hundred or more a month and be able to save for emergencies.

[Basta]

$500 - simple life in the province
$1000 - small city/town
$1500 - medium 1st class size city
$2000 - Cebu
$2500 - Manila
$3000 - Makati/BGC

[rabukan]

Very good analysis. I’ve been living in Asia for 15 years and the longer I live outside the US, the less money and fewer things I need to live on and with. I’ve become a minimalist in comparison to my family back home, and am much happier living with no debt and fewer material goods than I ever had as a western consumer with the mortgage, car loans, etc. But those who can’t change their mindsets will either fail miserably living abroad, or just continue to need to spend a lot, and it will go just as quickly.

[jeffjordan]

Very good video! If there are people that think they need a minimum of $3, 000USD per month to retire someplace, they shouldn't be watching your videos. Those types of people try to bring their old culture with them to their new place, rather than embrace and enjoy a new culture. This requires a lot of money. I could go to hundreds of places and enjoy myself on less than $800 per month. Your mindset will set you free.

[edmondpharez]

THANK YOU GUY'S I'M STILL DOING 510.00 USD A MONTH INCLUDING RENT AND UTILITIES FOR TWO OF US, SOMETIMES MAYBE $50.00 TO $100.00 EXTRA, BUT ONLY SOMETIMES.

[rudessb]

My brother's been living in the PH since 2017 on $4, 000 mo military pension. Next month I'll be in the PH on $2, 500 mo state pension. Thanks for your personal estimates.

[WorldTravelerCA]

Me and my family living on 2100$ USD per month in Cebu but I know someone who is quite happy and living alone on 400$
It’s about your mind set and what’s comfortable for you. For example we love eating salmon, steak etc. when my friend is ok eating in local carenderia.
To me I think it’s more about what kind of foods and drinks then what kind of house you rent because 3 bedroom with 2 bathroom in security gated subdivision with covered parking is still about 30% of what you spend on your foods, travel etc.

[dannyvva]

Retried to Cebu next month. My budget is $2000. I will live fine so it depends on how and what you want in your life!

[pokeamaniwillnotbereplaced]

Hi, Dan & Quang, I enjoyed your video. Full of information and your intelligent insights.
I have a $2000 PCM budget but I expect to live on $1300/$15, 000mPCM so being able to top up my prudent reserve which is $20, 000 is to cover any unexpected expenses like medical bills. I also have credit cards with a $10, 000 credit. So I have peace of mind. I can walk into any airport and buy a ticket back to my home country.
You live within your means no matter what budget you have. You can't spend what you don't have. I think it is great when an ex-pat has loads of money and is very happy to spend it. It helps the local economy. I also admire those people who can live on $1000 PCM. I'm Blessed as I don't drink and my partying days are over. I'm not looking for a partner a housekeeper will do and less hassle.
Take care GOD Bless you and yours. M

[billblunden]

Hey Dan, your observations are critical for expats that are considering to retire in the Philippines, what appears to be common sense to some, is not always sense to others, personal behaviour is paramount to outcome. I appreciate what you and Chiang explore and provide to likeminded people. Thank you both.

[fazbell]

I live on just over 2600 USD a month in Thailand. I am not sure how that would translate into living in the Philippines, but I have learned the art of belt-tightening since I retired in 2015. Healthcare is a big concern for those in my age group. ( I am 72). I obviously won't be living like a rock star, but I do want companionship and a modest entertainment budget. Three grand a month is a budget for those looking to duplicate their lifestyle in the United States.