Living in the Fills

[keithAngel]

An angel exchange then How much would you say you needed to live on?

[joebloggs]

fred and peterb are,

i don't think you can count on getting a job there, start your own business or live off your savings..

there been a few on here who have struggled after a while, and ran out of money trying to live in the phils

a few years time, i hope to go and live there for a couple of years, the misses will be working, then come back to the uk, work and save for a few years and repeat doing this. trying to getbest of both worlds..

[PeterB]

fred and peterb are...

Correct - I've been living here for almost 9 months now.

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.

[andypaul]

Correct - I've been living here for almost 9 months now.

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.

Im sure your do well out there together

Out of intrest how much maintance do you think your bulidings will need?

The Missus wants a gaff out in phill but to me the biggest cost surely is maintaining the buliding over the years.

The one thing i notice is how quickly with out proper maintance bulidings in phill in to desrepair. Due to the humidty and heat i guess?

[angel2008]

An angel exchange then How much would you say you needed to live on?

It depends on how you will spend your money here. My husband wants the life here than in the UK but the constantly loosing the electricity cut off in our area makes him angry, he is a share holder and loosing the electricity especially when the market is crashing makes him hate living here.. He always said in Uk we wont experience this. But surely we will choose to live here when we retire. Now we just need to make money for the future heheh