You and Your Money When Living as an Expat – Philippines

Christian Filipina Asian Ladies Dating 700x100 wide animated banner 1

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


  1. I Recommend Christian Filipina Dating..
    *** I use Remitly to send money-transfer online..
    The Motley Fool..
    Robert Kiyosaki..
    Warren Buffet..
    Richest Man in Babylon..
    The 1-Minute Manager..
    — Get my exclusive videos in the Youtube Membership area.

    — View My Videos by Category here..
    If you find the channel helpful..
    My main-blog..
    Vi’s Channel..
    Get USA Shopping Sent To You Abroad..
    Filipina K1 Visa Processing..
    — Get Vietnam Visa Online..
    [The links in my Description box may contain affiliate-links. If you buy something through one of the links, you won’t pay more, but that company will share with me a small commission to keep the channel going. Thanks in advance!]

  2. Good video…It sounds like your day trading using excel.? I myself have never thought I was smart enough to day trade or buy options. I have bought shares of stocks started out in 1986 I did pretty good. I don’t think I have made 10 trades in 35 years..As far as living in the PI on 600-700 per month some people do I have never met anybody there living on that kind of money.I have never met anybody that moved to the Philippines because it was cheap. Everyone I have met there moved because of the Gorgeous women that are so feminine and sweet…………..(:0)

  3. I am a Wall Street veteran and I advise people to not try to invest. They should either hire a pro or just buy an index. If you try yourself you will eventually get burned bad. Motley Fool is a copyrighting scam company. Stay away from all financial media.

  4. Sider bite ,5 day in the hospital cost me 300 usd to get out , but i had to buy my meds, they didnt feed me in my room with 3 others , my wife had to bring my foods and be my watcher .

  5. Five years ago I could have moved to somewhere in Southeast Asia, but I couldn’t enjoy time there. Today I can easily travel all over Asia and have a great life.

  6. A few years ago (when I was still living in the Philippines) my wife had to have her tonsils removed. The surgery, hospitalization and everything was around 3,000 US dollars I think (I know it was not under 2,000). I believe I had to pay about 30k pesos before they would even admit her to the hospital, and of course, had to pay the balance before she was discharged. You don’t want to be in the Philippines without any emergency money.

    Biblically speaking, I have seen two extremes taught about money. One is that there is something wrong with having money (the error you mentioned). The other extreme is that God promises earthly wealth to His faithful followers. Neither of these extremes are biblical.

  7. The best Filipina to date is someone with a career so that your not stuck supporting her or her family. My Filipina is a accountant and got her degree in accounting. Chose your Filipina wisely don’t be a dumb ass use your big head not that little head.

  8. yeah.. totally agree with you. $500 per month.. Not going to well, thrive over here on that. Survive.. yes. Thrive. no! I live on $1,300 usd per month. that’s just me and gf in 2 bedroom apt.. 3 min walk to beach. But we are pretty frugal. And.. I use the AC 22 hours out if each day! lol… split type. Anyway… and Yes.. have 10K usd.. minimum stashed away for emergencies.. For me… I’m getting and SRRV visa. cost is like 3K usd. that a time deposit, application fee, and all the other fees for things you need to do. I’m getting one so i can get back in when i leave to go see family net month. Gone is the day of depending on the tourist Visa to let you in and out of the country. Who knows.. Next big world event. Philippines may close down the Tourist visa again. Anyway.. Hey .. have a Wahoo’s Fish taco meal for me. Love that place.. you got one by your Costco there in Temecula. I’m from Oceanside.. not too far from you.. Hope you r having fun there in the U.S. still tough here. Face mask, face shield. cant travel.. craziness here. Cheers,

  9. Thanks Reekay. Are credit cards of any value for emergencies in the Phillipines? Can they be used for medical emergencies?

  10. For someone thinking of retiring to PH, wouldn’t one need money to generate income for 20 – 30 yrs?

  11. Great people with money practice altruism as a way of life not an afterthought. Horrible people become evil with large sums of money. It enhances those traits for those paying attention they see it!

  12. Hey Reekay, we’re you a Jehovah witness at one time in your life? Your way of speaking and venicular reminds me of one. That’s all.

  13. It is fine if you want to support Filipino friends financially, but I have learned it is wise to pay bills directly, such as repairs or tuition to a school, rather than giving them cash. Somehow it seems to slip through their fingers either them impulse buying something or their family will pressure them to share the $. Then your intent to help them does not get to the destination planned.

    If giving cash for a specific purpose, I always insist on seeing receipts. Next step is to prepare for being milked for future donations to cover a multitude of calamities.

  14. Another good point from Sir Reekay! Love listening to your wisdom. I totally, agree with all you said. I did a cost of living video and someone just said to me that “I can live way cheaper than your budget”. Our budget is almost 2k and living comfortably here in Cebu City still, some foreigners don’t believe in my cost of living as they believed that they can live here for less than $500.
    Foreigners have to consider their way of life, the food here is different from what they are used to, if they can handle the hot weather here and if they can handle the noise.

  15. Budget $2,000 usd a month in Asia multiply by number of years you plan on living there. Some expats may need more but for most it should be sufficient.

  16. Great video as always, however – calculating how much money a guy needs to retire in
    the PL on just average social security without having to work at all, I came up with a number of 1 mil USD savings/assets . Of course – having extra income from stocks or rental property changes the picture. Breaking it down will require long explanation [ forex, inflation, old age, health care, emergencies, safety net, life expectancy, nursing home, etc ] but I think this number is a good estimation.

  17. I saw a YT Video the other day where R Kawasaki very interesting life.said he has he just borrowed (because money is so cheap) 160 million to buy a apartment complex and had positive cash flow the first day.

  18. Bit of a slow start, and turned out to be one of the best videos I have seen on Philippines or expating anywhere. I have been helping a few families the last 15 months and grateful. Money is a necessary tool.

  19. 58 years… long I could live on my net worth if I lost my income tomorrow (but includes a paid for house which I want to leave to my kids, so I will work for another 3 years until I retire to Ph. I will be 53). Never had a problem with making and investing money 🙂

  20. Robert Kiyosaki’s books are ok, but lacks a lot of details. Millionaire Next Door is a classic. I’ve read so many books, and most of the books you outlined is for accumulating wealth. Another important aspect, other than money, is TIME. It’s the most limiting commodity in retirement. Currently reading “Die with Zero”, by Bill Perkins.

  21. I have always found that advising people on how to make money fast is a sure fire way to make a good income. Real estate, equities, crypto, NFT’s, etc. , people just eat that up and are willing to do consultations with me and pay for it. I do try to give responsable advice and information. The well of human desire for more never runs dry.

  22. If u want to test a person’s character, give him or her power.

  23. Strive to be financially independent, but avoid the trap of only finding happiness in things.
    Develope multiple sources of income.
    Make choices which result in your money working for you, generating income for you.
    If one is using stock market charts, they are probably trying to trade, more than invest. Investors work with longer time frames, like years.
    “Rich Dad, Poor Dad” may be useful.
    However, the author is more focused on realestate than the stockmarket.
    Currently, he is focused on gold, crypto, and bullets.

  24. hey im a system builder should i bring my tower pc with me when i get there i was online in the 80s when it was still text base as a kid i would use a blue box for the long distance to hook to servers back then

  25. For the love of money is a root of all SORTS of evil….. It’s not even the root of all evil, but all sorts of evil.

  26. Being in the Philippines as a ex pat with a just a few hundred dollars a month isn’t a dream, it’s a nightmare in the making. Being poor in a poor country is not wise. Helping poor people in the Philippines is a precious joy.

  27. Thank you Henry, for sharing with us, all wonderful informative experiences, and thoughts!!

  28. I was in the same boat, not taught to think about money. I had to learn the hard way. Money is an important resource, need to have short term and long term strategy in place.

  29. The healthcare thing is always the biggie as there’s risk involved ! Some w/pre-exists may seem blind to this perhaps & others don’t know how to ” live within your means “. Good vid as the wise thing is to always think of the worst case scenarios before jumping on the big plane. If you bring in 2K/mo. w/20k reserve is good IMO though some could do well having half of that.

  30. Dear Reekay: Thank you so very much for your candor, and sharing your wonderful information which I find invaluable. This is a terrific presentation!! Truly.

  31. After a recent drama in Cebu it highlights health insurance must be considered

  32. Good talk and I agree with you all the way. For me $20,000 is the magic number for emergency cash just setting in an account waiting for that emergency to happen. For those followers that have access to CNBC financial news I highly recommend the “HALFTIME REPORT” 12 noon (Eastern), then follow up with ‘FAST MONEY” at 5PM (Eastern). It is a very good way to start to learn the stock market jargon and possibly something about trading stocks. My SSI covers me on a regular monthly basis.

  33. Great video Reekay, and great to see your content, I always look forward to that notification.

Comments are closed.