Best place to retire at 35 for ex forces vet in the Philippines and how much do I need a month to live? Tia 😀

[sonjack2847]

6 hours ago, bows00 said:

Just don't make any big decisions for at least a year of living there.  That includes running a business, buying  a home/condo...etc.

As far as the money, this question has been asked many times before and the monthly income were all over the place, it all depends on your lifestyle, but I can give you one generalized conclusion - if you decide to live on $1200 per month, it may be tighter if you decide to live in the more expensive locations, like Makati, Subic Freeport, and maybe even Cebu.  There are a lot of options if you look outside of these cities.  And another budget breaker is if you enjoy spending time in girly bars where you could be spending $200/night (so I heard...wink wink...).

Being only 35, the Philippines will be an awesome experience for you - I will be starting next year at 56, not as young as you, but with a bigger budget.  Life is a compromise between time and money.  

 

I came here at 50 and yes it was a compromise between time and money.I probably could have earned a shedload of money in  the UK but do any of us know how long we have left.I say Compromise and go while you can still enjoy it.

[Soldier of opportunity]

On 26/09/2017 at 9:32 AM, MariChris said:

I'm 35 and an Air Force Vet and will be "retiring" with my family of 5 to the Philippines. We are actually moving to Baguio City. I believe you can live off of $1k to $1500.

You can find rent that is pretty cheap. I would try to find a way to generate income online but base it from the US. I am in a little different situation that you but I started my online business about 3 years ago and it is great income for my family. But I don't count as income for us just icing on the cake. We will live good with my VA disability check that I get. And we own a house in the US, so the proceeds on the sale of that house will allow us to pay cash for a house in the Philippines.

I would highly suggest looking at online businesses and sales and what they call digital nomads. I think it is worth the research and time and effort. Even it brings in a few hundred dollars. That can go a long way in the Philippines!

Good luck!!

Hi mate,

what is a genuine idea to look towards in an online business in the digital nomad sense?

I hear a lot of people delving into crypto currency and such like but you just never know if it’s just a scam to get you into a pyramid scheme like Herbalife etc?

 

Thanks

[Dr. Shiva]

On 26.9.2017 at 10:17 AM, Shaun Paul Porter said:

Can I just first start by thanking everyone for there responses on the topic 😀.

To be more precise it would be a forces medical pension rising with inflation tax free paid till death.

That currently sits at 1200 US dollars a month. I would then supplement this with savings if needed if I wanted to get a property or stayed renting. Depending on the situation.

I would have to find the ‘right’ place to settle and although I say that it’s retirement it’s really creating that base layer of funding to take away the pressure of having to work if you get me.

The probable outcome would be that I would start a business there to keep myself busy.

I’ve currently got an ofw Filipino gf of just over a year so going after women and getting drunk every night is not really my intention. She supports herself and has her own business ambitions she’s saved for.

Id be more than happy just being in a place with several expats living locally and just going the local bar every now and then to watch the footy. I’m a bit of an explorer so going for days out locally or further financially permitting would be a good thing too for me.

 

hope this extra bit of info sparks more constructive advice and all opinions and suggestions welcome. I know what a big move this would be.

 

Tia

Shaun

 

 

Hi Shaun

You stated, that you will have to live on a medical based pension. Now the question is if you are required to go to hospitals or doctors for regulary medical treadment or to get regulary medication? If this is true then it is another question if there is a restriction (like the VA for disabled US veterans) on the selection of hospitals? And further if the treadments are paid by a separate way like an insurance and so on. Because if you have to pay the treadments on your own they can shrink your pension by a huge way.

On $1200 you can get a decent living in most places except some of the bigger cities or the Subic Bay Freeport Zone. The latter one is just ridiculous with living cost (primary high rental and the necessity of having own transportation available). Davao is a decent place but the real estate prices are starting to explode there.

[Soldier of opportunity]

Thanks 

There will be no ongoing medical treatment needed there and it’s based on a uk one