Take a Financial Time Out in the Philippines.
- 0.1 Take a Financial Time Out in the Philippines.
- 0.2 The Cost of Living Philippines Isn’t Only About Retirement in the Philippines
- 0.3 Who Should Be Reading
- 0.4 You Don’t Have To Move Forever To Get Benefit From Living in the Philippines
- 1 Economy-Birding in the Philippines
- 2 Economy Birding Philippines — A Mini-Retirement Plan?
- 3 Can Moving to the Philippines Improve Your Bottom Line?
- 4 Related Posts
- 5 Share this Article:
(last Updated 4 January 2017)
Perhaps this article should be titled,
The Cost of Living Philippines Isn’t Only About Retirement in the Philippines
Most of my readers and most of my articles here are about moving to the Philippines to live, in many cases to retire there for, perhaps life.
I don’t write much about the “touristy” aspects of the Philippines … I’m not much of a “touristy” person.
I don’t go to beaches.
I don’t platy golf (two of the outstanding activities available all over the country) and although I am technically retired,
I prefer to spend my time working on entrepreneurial projects which earn money for me … from sources OUTSIDE the Philippines.
Who Should Be Reading
This article is aimed mainly at the market segment out there who are “underwater” financially.
- Perhaps you lost your job.
- Perhaps you can’t find a job (after saddling yourself with a lifetime of debt by taking out student loans to join the huge, immoral, government-sponsored “Ponzi Scheme” which US “higher education” has become.
- Perhaps you bought “too much house” and now have “month left over at the end of your money”, especially when saddled with this winter’s huge utility bills.
Or perhaps you are already trying the entrepreneurial route, and you’re able to pay your bills, but you just can’t get your income from your own side job entrepreneurial web sites to grow high enough because you are spending 80 to 100 hours a week “working for the man”.
The cost of living in the USA is no joke guys.
Not to mention that under the recessive US tax system you pay as much tax on the first dollar you make online as you do on the one hundred thousandth.
Getting a huge tax break here, legally avoiding the first almost $100k of earned income would be a big help.
You Don’t Have To Move Forever To Get Benefit From Living in the Philippines
For these and many other reasons, you might want to think about just taking a 6 month or a year “time out” in the Philippines.
Here’s a couple other articles I’ve written on this subject which many of you may not have read:
… If you have student loans that are dragging you under, I recommend you do everything within your power to settle them the ‘right’ way. But if there is already nothing left of you to give and the wolf is at the door? Sure, come on over. You can live here in the Philippines for, in average round numbers, 40% of what you will spend just to stay afloat in the US.
Also, the ‘Net works here just as it does in the USA … no reason you can’t make money here and pay off those debts while you live cheap and well, in the Philippines…
Here’s a quick example of the approximate expenses of staying home vs. taking a “min-retirement” abroad for six months:
- Rent or mortgage payment in a major North American city, including utilities: $1500/month x 6 months = $9000.
- Grocery/food bill: $500/month x 6 months = $3000
- Car insurance, gas, repairs and maintenance: $250/month x 6 months = $1500
Six Months Basic Expenses = $13,500
- Rent in a comparable home or apartment in an interesting and exciting place like Cuenca, Ecuador; Buenos Aires Argentina; Hanoi, Vietnam; or Las Tablas, Panama: $500/month x 6 months = $3000
- Grocery/food bill: $200/month x 6 months = $1200
- Taxi/transport (no car necessary): $50/month = $300
- Round trip flight to get there: $1500
Six Months Basic Expenses = $6000
That’s a savings of $7,500 over six months or $1250/month.
… To be honest, the move had nothing to do with money. We moved there to do missionary work in Alotau. However, more than four years later, I’ve found that our decision to move to this third-world country located in the South Pacific actually had a very positive impact on our finances. (my emphasis, ed.) …
Over the last few years I’ve read several posts at Free Money Finance where the author has introduced the cost-saving benefits of moving or retiring overseas. In this post, I want to highlight several ways how living overseas has improved our financial situation. …
Go read the rest of the article on why moving to a developing nation might be a sound financial move….
Here’s a fairly typical rental house right here in my little town of Marilao, just outside Metro Manila, on the expressway going to Clark and Subic.
How much? Well I write on this subject frequently, see my latest article here: n 2017, Can I Live In The Philippines For $770 a Month?
So my question is,
Why Are You Punishing Yourself?
Why are you staying in the USA, building debt and slowly going broke, wishing you had the money to move to the Philippines?
Hello. Hello. Are you actually reading anything I write?
Instead of putting everything on hold until you can save enough to come to the Philippines, why are you not here in the Philippines actually saving money instead?
Did you ever have problems in math class where you kept getting the wrong answer, no matter how hard you worked at it, and then one day your teacher showed you your mistake … you were setting up the equation wrong and actually trying to work it out backwards? It sure happened to me a time or two.
Most Americans Thinking Of Moving Here Are Working The Equation Backwards … Baliktad
In 6 months or a year or two you could easily have avoided enough of the US costs and taxes to pay off everything you own and then move back if you want, debt-free and with money in the bank.
With all I have written on the cost of living here, the cost of living guides, the price comparison tools, etc., you are STILL wondering if you can afford to live here in the Philippines?
Stop Punishing Yourself and Learn How to Live With The Low Cost of Living Philippines andTake a Financial Time Out in the Philippines.