How Long Can You Live on 190,000 in the Philippines? (Low vs High Budget)
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- čas přidán 30. 07. 2024
- Is 190k enough to cover the cost of living in the Philippines? Well, that will depend on how much you plan to spend each month during retirement. So I've included calculations for both a low budget and a high budget while living in the Philippines. Enjoy! :)
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When I go over there in 2.5 years, I'll have a $2500 a month Soc Sec payment, and 500k in savings. I plan to budget $3,000 a month and live a very comfortable life on a beautiful beach somewhere. Premium health insurance, maid, nice motorcycle, etc. I seriously doubt I'll even be ABLE to spend 3k a month, but in the months I don't, I'll just leave my savings alone and live off of SS for that month.
Wishing you all the best!! Would love to hear an update as time gets closer 😊 👍
Retire in the Philippines. Live like a king on $2,000/mo budget.
I know many Filipino-Americans who retired in the Philippines on their Social Security check ONLY...
That’s awesome!! Thanks for sharing 👍
I wish you best of luck in your journey and hope that you have a backup plan. I live in expensive Singapore and had 30 years of expenses saved up before I even considered FIRE at 45...
Thanks so much! We have not hit full FIRE yet but are working towards it. 😊 That’s smart to have 30 years saved up first. We loved our visit to Singapore by the way, just expensive like you said. 😆
if your philippina is doing the buying or if you are prices will vary dramatically.
That is some really flawed thinking. Market returns are not static, you go through 2-3 years of negative returns while having to pull money out to live and you are in big trouble.
Please refer to the part of the video where I talk about emergency funds. 😊 👍
if someone is not stupid and careless, that money will last a lifetime especially if it is invested wisely
$190K will fall fast when the medical bills pile up or if someone gets cancer. You are basically broke with just that amount.
@@journeylife7491 idk what it costs in the philippines but it will certainly be nothing in the USA. The cost of one pill in the usa is stupid expensive
@@journeylife7491 people get ill because they eat crap i plan to not make doctors reach
$190K will last you about 9years- 10years.
3 months
So, for a couple would you add 25% to those estimates?
I personally would add least 50% to be more safe, but again it will depend on lifestyle and location. 😊
Your money depends on how you live.
Only $190,000 USD? You are broke, then.
That's equivalent of 10 million in USA genius
imagine if you invest half of that money in bitcoin and ethereum?😊😊😊
you'll loose it eventually
then you get scammed. Imagine that!
Agree 😅
Our problem staying in the US will be the Rents and Healthcare. Its too expensive. We have no choice, even as a US wartime Veteran we will have to leave the US.
It’s unfortunate that housing and healthcare are so expensive, and rising. Truly wishing you and your loved ones the absolute best, and thank you for your service.
yes its true for people who did not plan their future, but the young people i really feel sorry for. My father was WWii, Nam, and Korean conflict. He retired from the Navy after 30 yrs, then got a govt job. He bought a house in 1956 in cali, he passed away but he had everything he needed because he planned his future. Most of the foreigners in the PI did not plan future, they enjoyed when they were younger. Now they are paying the price, wish u luck
It can go further in Vietnam. Try a vacation there.
Cool we are actually planning a trip to Vietnam and more SE Asian countries next year 😃