Correct - I've been living here for almost 9 months now.Originally Posted by joebloggs
How much you need to live on depends on the life-style you wish to adopt.
It's clear that many filipino families exist on very little income, but do you wish to emulate them?
We are still in what I like to think as the 'set-up' phase - expenditure is well above what we can sustain in the long run. We spent 5m pesos buying the farm and we are still in the process of equipping it (eg tractor) and bringing up the productivity. We are also in the midst of building a house with an estimated budget of 6M pesos. We are also developing the beach we have bought.
My aim is to leave enough cash invested to earn 100,000 pesos interest a month - we should be able to live more than comfortably on that. I'm sure that it is possible to live on much less than that - there can be very few who actually earn that much in the Philippines. When/if the productivity of the farm improves I will be prepared to reduce my cash investments.
I guess that I'm fortunate in that I sold my house in the UK for in excess of £0.5m.
