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About jaybee

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  1. Just wondering, so you are going to hire two Filipinas to take care of you when you are too old, are you also going to give them access to your financials? bank accounts, credit card, investments? Because there will come time when you are unable to pay your bills by yourself, buy your groceries, etc.. Also when you get sick, the two filipinas will need to have the financial means to call an ambulance, check you into hospital, buy your medicines, pay for your treatment, etc. Also, if you are too old or too sick to pay the two Filipinas their salary, are they going to stick around without being payed or just take off? You can give your two hired filipinas access to an emergency fund, but are you sure that one of them are not going to drain your account and run away?
  2. They take a sample of 1000 people from each country and conduct 30 minutes phone interviews. I guess not many happy Americans are willing to sit down for 30 minutes and answer questions about their "happiness" from an anonymous caller... I will just hang up the phone... I assume many who are unhappy will answer these calls as an opportunity to voice their "complains"... This may explain why the US is relatively low in the ranking, the results are skewed...
  3. These ranking are complete crap, if people in Finland, Denmark, Norway and Iceland are so happy, why these countries are top consumers of antidepressants drugs? https://en.wikipedia.org/wiki/List_of_countries_by_antidepressant_consumption
  4. Did it ever crossed your mind that what is comfortable for you may be uncomfortable for others? I love large cities... Living in Cebu Business Park is very comfortable to me, maybe too comfortable... Traffic around my building is not so bad comparing to other parts of Cebu, so no major fume problem, also living on the 30th floor helps getting fresh air... (My gf told me the other day that she used to get bronchitis very often but since she moved with me in the condo she is not getting sick anymore, so it is a good sign). So I get fresh air and it is quiet, even with the windows open. It is comfortable because everything is close by, groceries? I just cross the street and 2 large and clean supermarkets are there, no need to spend time and money stuck in traffic and fumes… Eating out? same, just cross the street, tens restaurants just across the street, no traffic, banks, movies, coffe shops, etc it is all there, zero traffic... I love to travel so relatively near international airport is a plus. Streets are relatively clean, no homeless, beggars, no cooking or parking on the sideways... I feel very comfortable... It may be not comfortable for you but to each his own.
  5. "Real estate, farming, merchandising, you name it"... this, depending on the op having talent or not for business, can be a recipe for disaster... My advice to the op, whatever you do, don't bring your nest egg to the Philippines, keep it in the US, working for you... And by the way, a million dollar conservative portfolio producing 4% per year is not a "dwindling resource".
  6. It depends how you define "live comfortably"? For me to "live comfortably" is - 1) Living in major city, in centralize location with easy access to supermarkets, dining, etc, with stable internet, water and electricity, no noisy neighbors, roosters, etc. It costs me $500 per month (Studio by Ayala in Cebu) 2) Dining out in nice restaurants 3-4 times a week - 400$ per month 3) Groceries - 400$ per month 4) Travel - international and domestic - 600$ per month. It is almost $2000 just for the above expenses, now add utilities, medical, visa, girlfriend/family, etc and it can add up to almost $3000 per month.
  7. I am 62, semi-retired at 52, fully retired at 60. You are 38 so retiring now you could have another 40 years on this planet, just ask yourself how do you want to live these 40 years? Do you want to have a comfortable life or just get by? It depend of the lifestyle you are looking. Comfortable life for me is living in major city, in centralize location with easy access to supermarkets, dining, etc, no noise, stable internet, water and electricity, having healthy food and doing travel. I don't think you can do this on 2000 usd in Manila or Cebu.
  8. I was in your shoes many year ago, currently retired living in Cebu. So you have a million dollars "in the bank"? I don't know how much interest the bank is paying you but if it is less than 7-8% and you are withdrawing 4% sooner or later you are going to run out of money.
  9. There are sites (like priceline.com) that offers 24 hours free ticket cancelations. just buy before you return and cancel when you land...
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