Around 3 years ago? I read on a website & it was discussed here also, that if you had a lump sum, of £100,000 if invested wisely, you could live reasonably comfortably in the Philippines.
It involved spreading your investments around...some in the UK & investing in rural Banks in the Phils.
These Banks, were paying up to 20% interest...If you invested, now I can't remember? whether it was 25,000 or 250,000 pesos in each Bank...if the Banks went phuttt! which quite often they did or do? you were guaranteed to get your money back, up to that limit invested.
(Now for the important bit)...Since then, we've had a world recession, terrible exchange rates etc. etc. So it ain't gonna happen now...That's why many have had to come back....But it's interesting stuff.
The thread was something like 'How much to retire in the Philippines'....It's back in the archives somewhere.
