Retirement In Manila

[longhegrin]

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?

[longhegrin]

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?

[longhegrin]

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?

[skicker]

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.

[bantalman]

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.

[LYCHEE]

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.

[blakedaddy123]

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

[bc917]

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

[tmacgrady1015]

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...

[joss]

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.

[skicker]

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.

[tmacgrady1015]

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....

[johnlove]

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 December 31, 2007 by johnlove

[themanual]

P50 million would be nice. haha

[LYCHEE]

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.

 

spent a week in baguio last year and witnessed a bunch of foreign retirees having bfast at a local cafe-resto along session...seemed to me they were having fun living comfortably & spending the rest of their lives breathing clean air in this pine city.