Comments on: How To Become a Millionaire in the Philippines

By: Philly

Philly — Sat, 13 Feb 2010 02:14:41 +0000

I guess I just have a lot of information here, Barry …hope you found something of value.

By: Philly

Philly — Sat, 13 Feb 2010 02:13:24 +0000

I’m not sure I follow … but you need no permissions to become a millionaire, just do it. The difference between a peso millionaire and a dollar millionaire is a multiplier of about 46 at today’s exchange rate. Best of luck.

By: Barry Starritt

Barry Starritt — Sat, 13 Feb 2010 01:28:54 +0000

Hi just thought i would tell you something.. This is twice now i’ve landed on your blog in the last 3 weeks searching for completely unrelated things. Spooky or what?

By: Tyrone | Millionaire Acts

Tyrone | Millionaire Acts — Thu, 01 Oct 2009 10:25:31 +0000

Hi Philly. To some point you are correct. I don’t have any idea on how to become a millionaire in US as I never had the chance to do it. But given the chance, I would love to try it out.

If you are earning dollars and is living here in Philippines, definitely, it won’t take much long before you become a millionaire. The question boils down as to be a Philippine Peso Millionaire or a US Dollar Millionaire.

By: Philly

Philly — Wed, 02 Jul 2008 02:22:16 +0000

@Ellen: Yes I like the idea of living in a mobnile home a lot I think I’m going to try to do some features on boats/living abord practicalities, etc. I feel many who have retired here are like me … I don’t really want a big house and alot of responsibilities … and there is no one single placein the Philippines I am wanting to settle. In many ways a boat has alot of advantages … although you do need, probably, to home port somewhere like Davao, where there’s vistually no typhoon danger.

There is a large and active yacht club on the Subic Freeport. I know of some folks who live aboard in Manila, I’m sure there should be many water-related stories.

Thnaks for sharing. (BTW I liked that Virtual Tourist Site, I think I’ll sign up there and document some of my travels.)

By: Ellen

Ellen — Tue, 01 Jul 2008 22:33:59 +0000

You are so right, but no worries, just did it to help out, not for financial gains. Unfortunately, unlike so many who want to come to PI to retire, we came to help out my family – this means work. But it is not that bad, because we find that for the first time in our travels, we can actually save. We are not paying boatyard fees, prices of food relatively cheap, medical is cheap, etc etc. Besides, Davao is typhoon free and Samal security is good so we are safe and the boat is safe. We are also trying to “advertise” Davao and Samal to the sailing community. We hope to encourage more sailors to come over and boost tourism here. Word of mouth spread like wildfire in our community and can put “Davao and Samal” on the map. It is not a cruising haven, but it certainly is a very good typhoon hole. Now, it is quite lonely cuz we are the only sailing yacht here.

I don’t have a website, but I did create a page for lack of nothing better else to do, at http://members.virtualtourist.com/m/100afa/

Cheers,
Ellen

ps the boat is indeed our second home – a mobile home

By: Philly

Philly — Tue, 01 Jul 2008 08:31:04 +0000

@Ellen: Something I forgot to tack on to the last comment regarding your business activities. A Britisher I know who moved to Manila some years back had along career in upper-echelon banking. He retired and resolved to move here and live a life of leisure.

However, one of his areas of expertise … anti-money laundering techniques … has been in huge demand since 9-11, and last I heard he had more airline miles that he had accumulated back when he had a regular job. He’s lucky to get home on weekends.

A German friend is a security expert. I met hm at a business meeting in Makati (why was _I_ in a business meeting … ah, that’s a story in itself) and found out he lives very close to the Manila airport … because he’s flying in and out at all hours of the day or night on any day of the week. Not really a ‘retirement’.

For those with professional business expertise? Beware doing ‘just the occasion job’. Apparently it can be like an alcoholic taking ‘just the occasional drink’.

By: Philly

Philly — Tue, 01 Jul 2008 08:13:43 +0000

@Ellen: Ahhh, sailed there on your own ketch … fantastic. Do live on the yatch or just use it as a mode of transportation? I used to wrk with a fellow in California who was a pretty highly-placed executive with a large company there. He had gone through a divorce some years back andpart of the settlement was something like ’she got the house, he got the boat’. He continued living abord even years later because it was convenient to work and when he wanted to get away for a weekend it more or less just involved untying the mooring lines. Someother high level folks in the same company would sometimes make jokes behind his back about ‘poor Freed’ and how he was till suffering from the breakout … I never laughed, though, he’s the only guy I dealt with in that company whom I had a trace of envy for.

Want to share a picture of the craft? I’m always ready to feature housing and transport from the Philippines in any form.

By: Ellen

Ellen — Tue, 01 Jul 2008 02:21:16 +0000

Yup – sailed over from New Zealand last year in our ketch. Met Bob and Feyma when they came to visit Samal and I invited them over. Great people! It’s fairly quiet and serene here and I always enjoy people who come visiting. Feyma just couldn’t get a grip on how I could stay here and do “nothing” – hahaha. It is nice for me – this doing “nothing” – but I just finished setting up an accounting system for a business start up and a budget/feasibility model for it. Took me less than 3 days – so my brain hasn’t shrivelled up after all.

So do come and visit when you’re around – just don’t start any brainstorming cuz I have enough grey hairs as it is. )

By: Philly

Philly — Tue, 01 Jul 2008 01:06:14 +0000

@Ellen: Absolutely no need for “sorry” Ellen, it’s an umportnat matter … and one that there is very little good information on. In one’s home country it’s relatively easy to find a good tax advisor … accountant. tax lawyer, etc. To find someone with equal expereince in two or more countries? Wow, that would be a real find!

So you are liivng on Samal? Lucky you! I visited Samal not long ago and I really enjoyed it … you must know my freinds Bob and Feyma Martin, then?