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
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Nice photos! Please do more of these talkovers but with o ly CHICKS
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…..
Just yesterday I met a 45 yr. old guy here in Angeles. He had an industrial accident, the lawsuit gave him a lump sum like Ted. He regrets not investing in index funds but instead put it in annuities. Pros and cons But Ted would have been better off in annuities and Never liquidate the principal.
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
He should have invested in something with guaranteed returns and live off the interest.
She took him in when he had no money or home,,she sounds like a keeper to me
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.
Another cautionary tale. Not as bad as expat John, but sad nonetheless. Poor planning and poor choices. Appreciate the vlog.
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.
Imagine I’m leaving the USA because of high cost of living, insecurity and toxic drama.
Then, I just run into spending the same/more by being milked dry by a clan of desperate scamming ungratefuls who endanger my health/sanity with stress in the process and possibly my life because ain’t nobody else living in my house that I built apart from my woman unless they paid for it. WHY make myself more valuable DEAD???
I’d simply rent and keep it moving. I’d tell ANY woman day 1 that I don’t beleive in marrrriage, don’t want kiddds and under NOOO circumstances will I EVERRR financially support people (aka her family) I didn’t bring into this world. ZERO chance.
I’m not interested in a relationship but if you’re a cool, peaceful, pleasant person, we could be friends. In fact, if your company is nice, I’d consider taking you on trips with me every now and then as good friends. THAT’S IT!
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.
Its verry simple, Ted is an dumm idiot.
Truth sir Mexico is much nicer than Philippines in so many ways
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.
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.
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 is kind of hard to believe that a retired cop would be this irresponsible with money. It is what it is I guess….
This is sad story. It’s a well known saying that the future favors those that are prepared for it.
Good advice….always have a plan B!!
Well I will tell you this Philliphines it’s not that cheap. Compared to Vietnam or Thailand.