RETIRE TO THE PHILIPPINES ON 2K USD 

Thank you

thanks Jim

will do

With all due respect, why are vloggers so repetitive? What you say in a 10-minute presentation, you can do in 3 minutes. And much more effectively.

I want to interview you sometime

thanks for sharing

2k is a good budget

I totally agree

Good point!

That is awesome!

Remember, even if you own your home, you have to pay property taxes and insurance. Alternatively, you can sell your US home, use that to buy a home there and have very little monthly cost as far as property taxes/ins. You can even take the $ and invest in a 10/15 year bond returning 5% for a $240,000 home, you're looking at $1000/month tax free w/o touching the principal.

Thanks for sharing!

I have many budget videos

Thank you Michael

thanks JudeK

Noted! and thanks

Thanks for the great comment

Fantastic! Best of luck in the future

I agree

Thanks for sharing

thanks for the support Dukeman

That is one way

@@rafaelo2215 that’s a great approach- always good to have a contingency amount and definitely not live up to your top line budget. That way you can regularly save into a sinking fund for the unexpected expenses like accidentally buying a Saxophone…

I agree with everything you said

Glad you enjoyed it

Glad you think so!

why are they Spoiled

@@mikesphilippineretirement I am not sure to be honest and I am not saying everyone of us. As I look at Americans of today they seem to want more and more for less effort being put into achieving the goals they have set for their life. But this is only my opinion and may very well be Biased.

We all have one. thanks Richard

not sure 65k in Dumaguete with health insurance but is your careful you can do it

@@mikesphilippineretirement 1 bedroom apartment 15,000 pesos nothing fancy Electric 3000 water 500 internet 1500 5000 visa renewals and health insurance that’s 25,000. Daily budget 1000 a day 30,000 a month and 10,000 for unforeseen expenditure. New pair of shoes trip to the doctors mechanical issue with scooter etc.

your an Ohio Boy

Yes

Awesome! Thank you! David

just do it take a vacation

I have many budget video hope you enjoy them

2k is ok budget

Thanks for your videos, really appreciate them thank you so much.

I have been there when it was as low as 38 per USD. What goes up must come down.

look at housing prices in the USA

thanks for sharing

Thanks for sharing Larry

thank you I have done a few

Thanks for the comment LLL

Welcome!

Where do you rent from . Ty

I rent in Dumaguete not going to say the landlords name

@@jamesalan1354 38th park ave condo i.t. park cebu city 29k for everything or around 550-600 depending on the exchange rate another 300 for food and 200 for bars. i order out for every meal too.1100 a month no problem

@ronaldcloud5859 thank you

things change life changes

yes

thank you

Thanks for sharing

I understand the nonsense the White House is peddling is 23%. Regardless, you’re not wrong.

thank you Christopher and I agree if you do not like the topic do not watch and if it is interesting watch.

thank you

You're welcome!

I do not treat my 401k as a saving account

@@mikesphilippineretirement are you dependent on your YT income or could you live off your IRA?

I live off of my Social Security

Thank you! Will do!

it is the life you make

so true

needs and wants

Thanks for sharing Donald

yes many

I like making them

I agree

The las Vegas heat probably reminds them of home. 😂

the casino's love hiring Asian girls. Plus many are school teachers

hahaha

if that is all you have and your spinning wheels just getting by living check to check. why not. An Emergency in the States will wipe you out also

that is a question one must ask yourself

I totally agree

no I will keep on talking about most of the Philippines. Have many friends and people I talk about the cost of living all over the Philippines. Enjoy your life

@@mikesphilippineretirement When you are telling people this is what it cost to live in "the Philippines" and giving prices for Dumaguete, that's called a lie bro. Have some integrity.

I could not live that cheap

I presume you’re living a Provençal life. I was in Cebu city and spent to much money. Averaged about $3,400 monthly. Was there for 4.5 months. On my 7th visit in a span of 15 months. I apartments in Cebu city are expensive compared to what many vloggers post in their area of the Philippines except say BGC or Makati.

Thanks Stephen

i spend 2k every month

Owning your own home is a big advantage.

Depends where u live. I was spending $1000 a month for 3 months, but I was traveling a lot to different islands. I would say $3k minimum to live a decent life there.

Not having rent makes a difference!

over 15% increase in the last few years

not tax you SS taxing your extra income...One medical Event when your over 60 will wipe you out the same as moving to a nursing home

and your point?

Hopefully you have a federal pension or SS so it keeps up with inflation?

We love Corin

good point

Thank you so much for sharing

thank you

health issues

@@mikesphilippineretirement nothing serious I hope

no just need to slow down for the summer

Thanks for sharing Josh

thank you for sharing your comment

Just to add to what Mike is saying, it's great if you have a jowa/wife that is frugal. Not cheap. But frugal. I'm retired. Not currently drawing SS or my 401K. My pension is only $3800/mo. I was able to live comfortably for 4 months (Feb-May 2024) with my jowa. The apartment I rented in Paco, Manila was only PH17,000/mo. Does not include electricity and water. For the 4 months I was there, my total electricity was close to PH15,000. Water was even cheaper. NO internet because I had an international plan with my US phone carrier (ATT). My jowa was the one that kept me from over spending even though we pretty much ate outside everyday. I hope you guys find your filipina out there. Don't get discouraged. Take your time. Most importantly, be kind. Your kindness will be returned twicefold.

yes it will be a good person and enjoy your life

Thank you and we will Tracy

not BRAGGING never heard of having a low saving that is 7 figure

@@mikesphilippineretirementI meant low seven figures. Slightly more than $1 million between brokerage and 401k. I’m super frugal.

the dollar is very strong no worries here

@@mikesphilippineretirement yes

I do not like Biden and I do not care for Trump.. I think they both are a joke.. when we go to vote we don't have anybody to vote for, we only have somebody to vote against.. if you have had your eyes open you have seen what happened to our economy after Biden got elected and started messing with the oil reserves add oil drilling and as you know gasoline and oil products move everything in the world by ship or by truck or by plane.. I am paying almost double at the grocery store since Biden got elected.. can you imagine if he gets his hands on the world economy!!.. the poor old senile gentlemen screws up everything he touches.. most everything a politician does is because of greed between him and his buddies that are making money off of the decisions in some way or another.. power, money, greed, insider trading, a politician goes into office with little or no money and always comes out a millionaire many times over and so do his buddies.. America will never wake up.. follow the money and you will see what is what and why it is that way.. wake up America!! I will be in the Philippines next month to live out my retirement and I will try to stay away from American politics and all politics because it is like religion, it is a never-ending cesspool of ideas that usually cannot be proven one way or the other.. I should have never said anything about politics but sometimes I just can't help it 😭..I wish everybody good health and lots of happiness 😊

no American banks some international banks

very true Danny

I'm 70 and ride the streets of Cebu City and long road trips no problem bro.

totally agree

and ?

Mike asked how old I am.

Thanks Joseph. This is Joe and the person I'm talking to in the video

Yes sir.

I did watch that budget video again. I’ll be glad when I can get over there.

I find them interesting

k.i.s.s. keep it simple I like take

not living good on 2k in the USA but living great in the Philippines on 2k

I actually can live cheaper in the US. But much more fun here. Now that’s rural living in the US as opposed to living here where every thing is near. But I have no rent in either. Rent is where you can save big here

not a life I want on 1k a month