Retirement In Manila

[HomoLove]

no way!

[omega2959]

 

Let me think. No. I don't think so. I changed my mind. Mas marami kasi establishments at pwede puntahan within the metro alone (Metro Manila, that is).

yan nga ang gusto ko sa metro manila. madaming pwede gawin. pero pag gusto mo relax relax lang sa bahay mas maganda nga mag retire outside manila. pag mahilig ka naman gumala talagang manila ang pinaka best choice

[rolling stoned]

I would never choose to retire in Manila. Everything wrong about how a metropolis is laid out and managed is right there. It is also not an environmentally healthy place.

[ibirp]

i don't think i want to retire in Manila. somewhere Vis or Min siguro.

[Robo Cop]

polluted na sa manila, i would rather spend my retirement in the province

[lone23]

The tricky part is where to get that retirement income! siguro if you have about P 10 to 15 million you can drop everything and retire right now, living on the interest income.

[EnduranceDS]

Either you have business/es that will give you enough or more to cover your daily expense and emergency cash outs or as mentioned by sir lone23, consume the interest from prosperous investments

[Mad Damian]

The tricky part is where to get that retirement income! siguro if you have about P 10 to 15 million you can drop everything and retire right now, living on the interest income.

Bro, even P25M wont get you far nkwadays

[global4]

Retiring in Manila needs lot of money.

[Mad Damian]

Retiring in Manila needs lot of money.

 

Agree, highest electricity rate and gas bill.

Food is also more expensive. Mukhang mura lang pero konti ng portions

Everywhere you go, may baya parking maski sa kalye.

[blue+george]

retirement would be so lovely. anyways, hindi ko alam expenses sa manila nowadays,

 

hey guys, need an idea, magkano na averafe living expense sa manila? including rent.

 

just a rough guess would help me a lot.

 

food for a month - ??????.00 Php

electricity for a month - ??????.00 Php

water for a month - ??????.00 Php

cellphone bill a month - ?????.00 Php

broadband internet for a month - ????.00 Php

cable tv for a month - ????? Php

Gas a month (home to work maybe around 15-20 km) - ?????? Php

rent a month (normal apartment) - ????? Php

 

thanks guys!

[MRROUGHSEX]

The tricky part is where to get that retirement income! siguro if you have about P 10 to 15 million you can drop everything and retire right now, living on the interest income.

How can you live on interest income on this?

[MRROUGHSEX]

Bro, even P25M wont get you far nkwadays

If one owns his own unit, and live frugally, I think Php10M is doable for 30 years, assuming it starts this year.

[MRROUGHSEX]

retirement would be so lovely. anyways, hindi ko alam expenses sa manila nowadays,

 

hey guys, need an idea, magkano na averafe living expense sa manila? including rent.

 

just a rough guess would help me a lot.

 

food for a month - ??????.00 Php

electricity for a month - ??????.00 Php

water for a month - ??????.00 Php

cellphone bill a month - ?????.00 Php

broadband internet for a month - ????.00 Php

cable tv for a month - ????? Php

Gas a month (home to work maybe around 15-20 km) - ?????? Php

rent a month (normal apartment) - ????? Php

 

thanks guys!

 

 

 

My simplified monthly calculation is :

 

Rent : Php10K for a studio/1 bedroom

Food: Php10K

Health Insurance : Php4K

Others : Php10K

 

Total : Php34K

 

If you cook or eat in carinderias, you can cut on Food by Php4K.

Total : Php30K

[dr. unknown]

who would want to retire in manila nowadays? You need comfort and peace during your retirement period not the stress and congestion and pollution manila has. Ang daming magagandang provinces dito satin to retire.

[J.A.S.O.N]

retirement in manila is very expensive particularly the hospitalization... better retire in the province if you have one

[Wanderer101]

I will stay in the province. Manila is expensive, polluted, congested and stressful.

[NightWriter]

Manila is the last place you'd ever be or just anywhere in the Philippines, people are dying of radiation and the pollution. You have to leave the place to get better healthcare and better benefits.

Cost of living is like everywhere else, expensive and god knows how much you'd leave to your kids.

[Robo Cop]

its practical to retire in the provinces due to cost of living and medicine.

[gyros]

would be better to retire somewhere in Visayas or Mindanao...lower cost for standard of living, fresh air, fresh n cheap food and cheaper pa mag good time

 

white people (american, germans, etc.) retire in the provinces - hell some of them even owns beach resorts or beach side resto-bars

[blue+george]

well, (my opinion) the best place to retire would be.....

 

1. baguio (outskirts) - cool climate, pine trees, fresh air, time is just infinite. quiet and whistling winds, fresh everything, veggies, fruits, air.... just an hour drive is la union, well.. a beach is nearby, just 30 minutes there's hotsprings... beach, hotsprings, massage... endless supply of girlfriends na lang kulang....

 

2. tagaytay - well almost same with baguio, beaches of batangas, hotsprings of laguna, only difference would be, its just an hour (kung walang traffic!) from manila.

 

3. cebu - its like a better looking sister of manila. a hub for tourists, beaches, hotels, kawasan, bohol, palawan, boracay siquijor, etc. (best place if yo own a sailboat) as well.

 

the notion of income and money. remember guys, people do survive even in the most remote villages. they have a smaller or slower economy. but if city people can invest and build from there, im sure money will become faster, better when the weight of the economy is shifted from manila to the provinces. so, make a business or invest together as a group. there is just too many things to do out there. retirement is the best hope to get there soon

[MRROUGHSEX]

Bro, even P25M wont get you far nkwadays

 

Maraming mahihirap sa Pinas. I doubt they have Php100K in savings account.

[MRROUGHSEX]

The tricky part is where to get that retirement income! siguro if you have about P 10 to 15 million you can drop everything and retire right now, living on the interest income.

 

If fully paid on your own home, and you are say 60 years old now, I agree Php10M is livable in Pinas, and PHp15M medyo maluwag na yan. You can't live off on interest income. It's basically PHp10M divide it by 30 years. Sure you will have the remaining undistributed money (money not disbursed for monthly retirement allowance) still invested/earning interest which further adds value towards 30 years life.

[MRROUGHSEX]

I will stay in the province. Manila is expensive, polluted, congested and stressful.

 

Gusto ko rin sa province. In 2 years, I will get a mortgage property somewhere in nearby provinces.

[Mad Damian]

If one owns his own unit, and live frugally, I think Php10M is doable for 30 years, assuming it starts this year.

if people knew you hv P10M, you'd have ppl constantly knocking on your door for loans and hand outs