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Retirement In Manila


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#41 pancreas

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Posted 17 November 2007 - 05:38 PM

live in the small cities of this country, it is cheaper, more peaceful, cleaner. anyway manila is just there if you need some shopping. it is more relaxing to live in the province where time passes by slowly.

#42 skicker

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Posted 17 November 2007 - 06:41 PM

lolo suzu, basta kol ka lang pag dating mo
itong darating na end of the month, 3 day weekend



boss eagleyes..baka gusto mo rin ng private security..I think I'm qualified as I have been doing isecurity work for a while..hehehehe..lam mo na ikaw na lang ang maswerte..let me rephrase ikaw ang nagtagumpay sa lahat ng hardwork mo..di naman isnisilbi sa pilak na plato ang swerte di ba?

#43 Raoul

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Posted 17 November 2007 - 06:56 PM

boss eagleyes..baka gusto mo rin ng private security..I think I'm qualified as I have been doing isecurity work for a while..hehehehe..lam mo na ikaw na lang ang maswerte..let me rephrase ikaw ang nagtagumpay sa lahat ng hardwork mo..di naman isnisilbi sa pilak na plato ang swerte di ba?


MA?

There are a lot of vets who have opted to retire here and managed to make it even with PO1 retainer pay (just basing the presumption on your collar device). It's just a matter of knowing what you want, setting your goals and sticking with your plans.

Anchor's Aweigh! Cheers!


#44 skicker

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Posted 17 November 2007 - 07:15 PM

MA?

There are a lot of vets who have opted to retire here and managed to make it even with PO1 retainer pay (just basing the presumption on your collar device). It's just a matter of knowing what you want, setting your goals and sticking with your plans.

Anchor's Aweigh! Cheers!


Thank you Sir Raoul for the kind and encouraging words..I guess I dread the fact of transitioning to "civilian life" and not having a job anymore..you're right I just need to adjust, and set realistic goals to have a "good retirement". BTW I hope you don't mind; Are you in the service? Are you active duty? Have a great day.

#45 Raoul

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Posted 17 November 2007 - 07:35 PM

Thank you Sir Raoul for the kind and encouraging words..I guess I dread the fact of transitioning to "civilian life" and not having a job anymore..you're right I just need to adjust, and set realistic goals to have a "good retirement". BTW I hope you don't mind; Are you in the service? Are you active duty? Have a great day.


Your concerns are quite valid. After having that "security blanket" for 20 years, all of a sudden you'll be faced with the big UNKNOWN factor. Prepare for it. Use TAMP to the fullest. Start sending out feelers as far as jobs - if you still have a need to work. As a vet, you will always have an advantage.

#46 longhegrin

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Posted 23 November 2007 - 09:20 AM

Thank you Sir Raoul for the kind and encouraging words..I guess I dread the fact of transitioning to "civilian life" and not having a job anymore..you're right I just need to adjust, and set realistic goals to have a "good retirement". BTW I hope you don't mind; Are you in the service? Are you active duty? Have a great day.



What will you do during your retirement?

The general feeling I get from the few posts here
is that a passive income of 30,000 to 50,000 pesos per month
is enough to make people feel comfortable na?


That's useful information.
About 1,000 to 2,000 per day is what we're talking about.
Something to keep in mind whenever politicians
or economists talk about poverty.


If almost everyone could receive 1,000 pesos per day
what would happen to the mood of our country,
will it become more upbeat, more optimistic?

#47 longhegrin

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Posted 23 November 2007 - 09:23 AM

To earn 50,000 a month (600,000 a year)
from a time deposit that pays 6.00% net
you must deposit
ten million pesos (10,000,000).


10,000,000 times 6.00% = 600,000 a year


What do you guys think?

#48 longhegrin

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Posted 23 November 2007 - 06:25 PM

live in the small cities of this country, it is cheaper, more peaceful, cleaner. anyway manila is just there if you need some shopping. it is more relaxing to live in the province where time passes by slowly.



Those are the advantages of living in small cities of this country.
What are the disadvantages of this strategy?

On a totally separate note,
why does time seem to pass more slowly in the province,
whereas time slips away faster in the city?

#49 skicker

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Posted 23 November 2007 - 06:33 PM

What will you do during your retirement?

The general feeling I get from the few posts here
is that a passive income of 30,000 to 50,000 pesos per month
is enough to make people feel comfortable na?


That's useful information.
About 1,000 to 2,000 per day is what we're talking about.
Something to keep in mind whenever politicians
or economists talk about poverty.


If almost everyone could receive 1,000 pesos per day
what would happen to the mood of our country,
will it become more upbeat, more optimistic?


Sir Longherin...you have a very good point..Depende siguro sa lifestyle na one is accustomed to..Siguro I'll be doing ok kung sa probinsya lang ako at ang worry ku lang e makakain ng 3 or 4 na beses sa isang araw. At siguro yung disposable income mo para sa dibersyon na..unless na you're financially savvy at preparado para sa kung ano man ang gusto mong gawin post retirement meron kang "safety cushion" yun bang gusto mo lang gawin at di ka obligado ..sabi nga ni Sir Eagle, mag engage sa activities na gusto mo na o may passion ka. I can work anywhere naman basta marangal.

#50 bantalman

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Posted 23 November 2007 - 08:47 PM

Maybe you can invest before you retire there. There are options you can do, like have to operate a small B & B(pension house ) and live off the income at the same time.

#51 LYCHEE

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Posted 26 November 2007 - 12:46 PM

If you are single & already own your own car, a house or condo, P50,000.00/mo. imho is more than enough to tide you over. Just stay away from vices w/c can become very addicting when un-controlled.

#52 blakedaddy123

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Posted 30 November 2007 - 12:57 AM

To earn 50,000 a month (600,000 a year)
from a time deposit that pays 6.00% net
you must deposit
ten million pesos (10,000,000).


10,000,000 times 6.00% = 600,000 a year


What do you guys think?

ok na ito para sa akin

#53 bc917

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Posted 30 November 2007 - 12:14 PM

To earn 50,000 a month (600,000 a year)
from a time deposit that pays 6.00% net
you must deposit
ten million pesos (10,000,000).


10,000,000 times 6.00% = 600,000 a year


What do you guys think?


if you want to play it safe, that's the way to go however sayang ang 10m if you only park it in a bank. you may want to consider putting some in time deposit and investing some in mutual funds. riskier but returns are better

#54 tmacgrady1015

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Posted 28 December 2007 - 11:45 PM

i spend about 150,000 pesoses per month
single
live in fort boni condo (which is paid for)


you are definitely livin the life sir...

#55 joss

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Posted 29 December 2007 - 07:44 AM

50,000 a month ok na rin
ako gusto ko ay 3,000 a day lang masaya na ako at least may pera ako araw araw.

#56 skicker

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Posted 31 December 2007 - 05:22 PM

you are definitely livin the life sir...



Shipmate,
How's life treating you over there in PI? How's school? Does GI bill enough to covers everything-from tuition to rent etc. Anyways goodluck enjoy the fruits of your labor.

#57 tmacgrady1015

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Posted 31 December 2007 - 09:44 PM

Shipmate,
How's life treating you over there in PI? How's school? Does GI bill enough to covers everything-from tuition to rent etc. Anyways goodluck enjoy the fruits of your labor.



ok lang shipmate, except for the manila traffic, everything si terrific, actually im staying at my brother's townhouse so wala na akong problema sa rent since nasa london utol ko solo ko house nya, my tuition fee is not that expensive 18k for the whole semester, actually pag mag isa ka lang sobra sobra gi bill, im saving atleast half of what Im getting,

eto expenses ko every month:

tuition-2,500
water, electricity, internet-2,500
food-5,000
gas fo car-4,000
school allowance-6,000
pangimik/pangchichik- 10,000

total of 30,000 a month and take not bro kalahati lang ng gi bill yan, yung kalahati napupunta sa savings ko....

#58 johnlove

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Posted 31 December 2007 - 11:02 PM

Retiring in Manila is asking for trouble, in addition to high house rent, you have to deal with health problems caused by pollution. What are your other alternatives? I suggest that you check out other places that can give you cheap and easy access to fresh fruits & vegetable, & clean air. You definitely wouldn't want to spend the rest of your life going to doctors every week.

Edited by johnlove, 31 December 2007 - 11:06 PM.


#59 themanual

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Posted 01 January 2008 - 09:21 PM

P50 million would be nice. haha

#60 anduril64

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Posted 20 February 2008 - 07:58 AM

with GI bill and retirement kaya na yan- more than enough pa.




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