3 Ways Expats End Up Broke & Homeless – Philippines


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Author: Reekay V.

Since 2012 I’ve been traveling through various islands of the Philippines as a full-time Expat and spent 1999 living in Vietnam.

Share with me my ongoing adventures of life in the Philippines. Hopefully you find my observations helpful in your own adventures.
— Reekay

46 comments

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  2. im planning on getting my money up to 100 thousand from my investments then moving to a place like PH just continue to invest and just live off of that. you dont think will work? how much did you go there with?

  3. This is THE best, straight forward advice for expats to avoid disaster that I’ve seen full stop.
    The very first filipina i met online tried to scam me. I had no clue because Ive never heard/seen something like that before.
    Thank God I had some friends who, when I told them my concerns, warned me off of that situation.

  4. At around 7:05 you mention “ trusting a woman too soon…” That is a FUNDAMENTALLY flawed statement if one understands the biological predisposition of female hypergamy. It’s in a woman’s biological nature to take your resources. Only a foolish and or unwitting man would ever “trust” a wife, girlfriend, or any woman with his lifeline. It’s a fairly well understood biological predisposition for women to “trade up”, “monkey branch”, or to simply consume a man’s resources and to “trust” a woman by providing access or control of what amounts to a man’s lifeline is a stunningly BAD idea that is a virtually guaranteed road to ruins.

    Gentlemen, ALWAYS and I mean ALWAYS maintain control of your assets whether it’s simply her not knowing the source of your funds or what you have, to having your assets in trusts but NEVER give control of your money/assets to your significant other unless you can afford to just give it to her to begin with….THINK ! The only thing a woman needs to know is that you have the ABILITY to provide for her and that is large part of making them feel secure and safe with you.

    Reekay, I’m not saying women are bad or that they even do this with conscious nefarious intent. This predisposition to take is simply part of female biological programming and social influences simply influence that female predisposition. In other words, this biological bias is true globally and not just to a Filipina.

    Good luck out there…

  5. Seems like much of this can be avoided if you’re in the right headspace and not completely and utterly desperate for female attention.

  6. Thanks! You’ve given a blue print to success with your videos. All they need to do is a little search, also glad your eye surgery was successful. I’m sure you’ll agree, sight is a beautiful thing. Keep up the great work.

  7. Wow! I just do not understand guys giving money to people they don’t even know. Even if I think I might know someone I’m not giving them my money!!

  8. i did something similar 15 years ago when i moved to Peru. Ended up homeless there and then homeless in Califormia. I have somehow landed on my feet at 61 years old but do not recommend it to anybody. Had i not been a veteran I would be screwed.

  9. I’m glad you used the word “mercenary”. That’s the correct word. Fellas, ignore Reekay at your peril.

  10. Great upload, overflowing with important insights, but correct me if I am wrong. have you posted this video before??

  11. There is only one way Expats are going broke here: they are stupid. More than likely these same people would end up broke where ever they came from. Hearing stories of people coming here to live without ever having even visited here, or no financial means or plan is mind boggling. Transition your way here. Visit a few times and figure out if you even like it as well as being able to afford it. Do no get seriously involved with a Filipina upon arrival. There are so many available at any given time. See what is out there first and start to learn the games and scams that are being played so you do not get taken. Even for those of us that have been here many times we still get hit with a stick once in awhile. Just don’t make it a big stick you are getting hit with. If a Filipina is asking for money or telling you a sad story from the beginning, move on. You are nothing but an ATM to her. Are the people here friendly? Yes. Are many looking to make a fast buck by taking advantage of a stupid foreigner? Yes. Listen to the advice of people like Reekay who have been here for a long time or any other Expats that have been here for a long time so you don’t end up as a topic on YouTube.

  12. Got to say another great video of the dangers of expats decisions that leave them destitute and poor even by Philippine standards. I cannot tell how many calls i have gotten to “help” out a associate or “friend” that frittered away and got “scammed”[ they convinced themselves they had something, and just downright cheated and lied to themselves!] and even facing homelessness and with no way back and all them are Westerners who should know better! No other plans or savings or income to rely on…Is assured disaster there waiting to happen….And it usually does. Most expats have a system of “Hope for the best, but expect the worst”, with no backing or substance, as things will go bad even if you are very careful…That is life.

    Could say more but this video/audio presentation should mandatory and required for men to examine before they take the step there. I think it would save many men, who have a “Paradise Delusion” and “All will be well…Always” so do not worry about it. The rest, well no educating or information will ever help, so saving those you can is very vital. Peace

  13. How does a person move to a third world nation, where people are utterly destitute, and think they’re going to find work there. If that was something that was easy to do, it wouldn’t be a third world nation.

  14. Good advice, I lucked out in Thailand and Philippines. I earned money online and now receive my retirement every month.

  15. A request for money for something can turn into a scam if the money wasnt used for the purpose intended

  16. It never fails to amaze me how many men throw their assets at someone they barely even know. It’s like, ” What could possibly go wrong?”

  17. Your conscience excellent. I love your page and everything you’re doing. Keep up the great work. Will always be here to support you. You have to give time to get to know someone you are so right.
    2 different cultures, 2 different people. It takes time to know someone. Sometimes it takes a lifetime to know somebody who’s gonna be true. Who’s not gonna be true? I’m looking for a woman. That’s gonna be true to me. And I’m true to her. I want to be able to have a woman that that I can tell anything too that we can have a open relationship. But we openly is horse talking with each otour. Differences with culture, differences and stuff that we can talk through it and get a get through it.
    It shouldn’t be about money. It shouldn’t be about. Any of that early on like you said, I have a situation just recently that somebody asked me for money and I put on my profile on the dating couple’s profile that I had I said I don’t give money. Don’t ask me for money. If you do, I’ll block you. So I am not blocking her.
    I just want a woman who wants to know me and where I come from and? And I wanna know where she comes from and learn more and respect her country and respect my country and be just with me and no one else a woman. Is you know that she deserves a good man and no one that I am a good man and she’s there for me physically. Emotionally everything and I’m the same with her as well. Thank you for this video. I’ll see why you at the top of YouTube. That’s because you care about your content that you put on your page. And we can all relate to this because we all look at someone real. I’ll see you on the next video. I’m your number one fan cedric alton nash

  18. Guys listen up. Reekay is trying to help. He has seen and heard all these stories. Stay with your budget and learn to say No. Slow slow down. Meet in person otherwise you really don’t know this person. Make No major decisions for the first year. Have your income streams in place before coming. Stop your Knight in shining armor attitude. Watch out for the land sharks and a lot of them live online ie dating sites. Don’t send money. Great advice, you just need to apply it.

  19. Damn! Copying down credit card numbers and PIN codes! I’ve never heard that one before. Wow, you need to buy a little hotel safe and lock up your stuff every time you want to fall asleep! Thank you for the videos!

  20. It seems worse then ever there in Philippines either scamming n trying to get money out of a foreigner first thing in a relationship if you do give a little like 40 usd that’s the start they will treat you like a human ATM machine get rid of that kind from the start

  21. Two ways to make money ;

    1) A Man at work
    2) Money at work

    # 1 is not possible because Expats are not allowed to work there .

    # 2 … you better have a lot of capital working at good returns OR a lot of pension income !!

    Think Guys with your big Head !

  22. Yea great advice!!!spot on. Unless there only goin for a month or two

  23. RICKEY I Always enjoy your videos and you always give very good advice to guys here and guys planning to come here to ph.i don’t understand why they get do blinded thinking $ is they key to love.Smh.great video

  24. I would add some expats fly the coop here with their old habits/vices & think things will be different in another land. Some also have this grandiose idea that they’re going to start some business venture & sit back & watch the pesos flow.

  25. A fellow I work with used to go to The Philippines every winter and he always used to talk about how he was going to retire soon and move there to live a dream life in paradise. Luckily for him, he wasn’t able to retire as soon as he wanted so he got to spend several winters there before taking the plunge.

    Well, he never did take the plunge because he ended up getting sick of the place and all of the leeches trying to separate him from his money. I had expressed some interest in going just to see the place and he gave me one piece of advise. He said go to a pawn shop and buy a cheap wedding band and wear it while you’re there. He said that way, there’s a lot better chance the leeches will leave you alone.

  26. Yeah I can see that. In America even having what we call so-called money is still not enough to even have a companion in your life. I know plenty of guys that are doing really well have their own home and running some type of business still cannot find a romantic relationship. So when they go to a country that the females are attentive to them it’s too much and they can’t handle it.

  27. Great review of the truth!
    From you and a few other vloggers I have come to the belief that I can probably retire reasonably comfortably with low 6 digits in savings and a 3k (usd) monthly income.
    Your realistic views are always appreciated. God bless!

  28. Well I’m giving my Princess 25 thousand pesos a month allowance but with that she’s living frugal and slowly establishing a Sari Sari store business with it too..Already it’s up and going and she’s making 3k a week profits and growing as the store expands..Eventually we can live off the store and the allowance can go on things like trips and adventures around the Philippines.

  29. Bruh!!! $500,000 is not an exorbitant amount of money in this economy. HOWEVER, financial discipline solves many problems. Good video.

  30. There are 3 expats that I know personally here. 2 are going broke or having money issues due to the female and her brood. One guy is almost completely bankrupt, supporting his wife’s 4 kids, paying for their college, and even for her parents, which stay with them. He can’t say ‘no’ to her financial requests. Another, recently went into hock paying for a wedding for his spouse’s daughter, and now she, her husband, and new baby are staying with them. Finally, a the third guy, also married a widow with 4 kids, most younger, is supporting them, and I haven’t heard much from them one way or another. Guys, PLEASE, what are we DOING, and AGREEING TO!?

  31. Reekay, thank you always. I heard so many similar stories, it never ends. Nothing shocks me anymore!

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