moving to the phils, part 25 i think

[stevewool]

well those who want to make the move to the phils like me, what do you think you need to live out there, cash i mean, try to work it out be realistic, will you pay rent or buy and where abouts, try to think how much you will need, i have been doing this for quite a while now and the figure keeps changing from very little to thats nice and i could go now sort of thing, i am still waiting till i am 60 before we go, so we should have LOADS OF MONEY, sorry about that, but how much do you real need, do we go sooner and with less money, my biggest worry is not having enough money, but also i have been thinking what if i dont have that long on this plannet, why am i saving for 20/30 years plus, so hard sometimes, plus having a .... week at work dont help, anyway what do others think

[lastlid]

I have mixed views on it Steve. Just like the forum is inclined to have as a whole. Opinions are split.

By the way, Steve, have you maxed out on your personal contributions to your pension plan?

[stevewool]

personal pension plan, well i did, but the ex wife had half of that, a lon

[lastlid]

personal pension plan, well i did, but the ex wife had half of that, a lon

Oh. I see. I managed to hang on to mine, when everything was carved up.

[imagine]

now or later, its a gamble since we dont know whats round the corner

[stevewool]

thats right what is around the corner, mortgage is paid next june, and i have someone that is intrested in renting the place very long term, at a price i am happy with, but i will not have enough money in the bank to last us a few years, yes £500 a month coming in is a nice figure over in the phils,

[lastlid]

now or later, its a gamble since we dont know whats round the corner

I think you are right. It is a bit of a gamble.

[DaveW]

I would love to move there, but I have to be realistic as i'm only 35 and would never earn the same money doing the same job.
My wife is trying to get us to leave London and go out to Panggasinan to get involved with the business of her sister. Which is supplying car parts. She claims they are earning a good salary enough for us to live on. I'm tempted but not stupid , but then i think why not try it for a year. It would beat living in Deptford London. I have enough money to last a while, but i dont like wasting it on bullshit ideas. So i will see

[stevewool]

i do not want to work or rely on a income when we move over there, yes i want to keep busy but that will be looking after the lot and growing all we want and just enjoying life and getting back into some sort of living of the land thing,but knowing also we have back up if we need it

[imagine]

thats right what is around the corner, mortgage is paid next june, and i have someone that is intrested in renting the place very long term, at a price i am happy with, but i will not have enough money in the bank to last us a few years, yes £500 a month coming in is a nice figure over in the phils,

whats the earliest you can retire, and still be in good health, energetic enough to still enjoy it,
i know theres pros and cons, and you know what your own are,
for me i would have gone more than 10 year ago, but apart from the news of imelda many shoes, id never heard of philippines,on the other hand the odds are i would have still got the cancer there,would i have been able to afford treatment,would i have had insurance,
you know whats best for you, i would be inclined to say do it now enjoy it, cos it might never come

[DaveW]

I think younger people like myself want everything now. The thought of waiting for retirement seems so far away, so I envy your predicament. Enjoy what ever choice you make and good luck.

[imagine]

i do not want to work or rely on a income when we move over there, yes i want to keep busy but that will be looking after the lot and growing all we want and just enjoying life and getting back into some sort of living of the land thing,but knowing also we have back up if we need it

just live within your means, your means there, not based on your means here

[imagine]

I think younger people like myself want everything now. The thought of waiting for retirement seems so far away, so I envy your predicament. Enjoy what ever choice you make and good luck.

nothing wrong with wanting everything now, retirement will come much sooner than you imagine,and when you retire , will you be fit enough for the things you wanted and waited for

[stevewool]

whats the earliest you can retire, and still be in good health, energetic enough to still enjoy it,
i know theres pros and cons, and you know what your own are,
for me i would have gone more than 10 year ago, but apart from the news of imelda many shoes, id never heard of philippines,on the other hand the odds are i would have still got the cancer there,would i have been able to afford treatment,would i have had insurance,
you know whats best for you, i would be inclined to say do it now enjoy it, cos it might never come

we dont know what will happen Stewart, we have to think thats it i am off, i think i am fit and i intend to be gone to the phils when i am 60, or before, stress and the english weather is 2 things that will improve once i am over there so i think my life will be better, no work no stress, insurance well thats another matter

[imagine]

we dont know what will happen Stewart, we have to think thats it i am off, i think i am fit and i intend to be gone to the phils when i am 60, or before, stress and the english weather is 2 things that will improve once i am over there so i think my life will be better, no work no stress, insurance well thats another matter

at least you have a plan, a goal to reach, no stress better weather = better quality of life

[andy222]

Wow what a question. It all depends on what living standards you want steve. Me I could live on £500 a month out there but you might have different standards. It all depends on how much you want to live out there.

[imagine]

Wow what a question. It all depends on what living standards you want steve. Me I could live on £500 a month out there but you might have different standards. It all depends on how much you want to live out there.

you will be living a good life style at that i would think,

where i will be looking at far less than that , infact absolubt minimum, with the exception of med expenses, a simple stress free life will do me just fine

[andy222]

Exactly Imagine I am so stress free when I go there. But if you can live for less there tell me how to do it. When you think about it it is great place if you have money of coarse. The temperature is great and where I go the people are friendly. What more could you ask for.

[stevewool]

£500 is the minimum amount that we will have per month then upwards to over 3 times that much,if i stay here till i am 60, that way we could have our own place and have enough for emma if anything happened to me, its not knowing how much you will need because you have never lived there before, its not a holiday but real life and i am just trying to be realistic, sorry to keep going on about it but the best advice to get is from people who are there or planning to be in the phils

[stevewool]

Exactly Imagine I am so stress free when I go there. But if you can live for less there tell me how to do it. When you think about it it is great place if you have money of coarse. The temperature is great and where I go the people are friendly. What more could you ask for.

we are all in the same mind, its making that jump, knowing that there is no coming back because there is nothing to come back

[lastlid]

£500 is the minimum amount that we will have per month then upwards to over 3 times that much,if i stay here till i am 60, that way we could have our own place and have enough for emma if anything happened to me, its not knowing how much you will need because you have never lived there before, its not a holiday but real life and i am just trying to be realistic, sorry to keep going on about it but the best advice to get is from people who are there or planning to be in the phils

Steve. What about taking a long holiday there. Say next year or the year after, in rented accomodation with the aim of replicating what you might do when you eventually retire there. A sort of dress rehearsal or dummy run.....try and live on a fixed budget for several weeks.

[andy222]

I was thinking that lastlid but steve might have some commitments. If I was in his shoes I wouldnt think twice I would be gone. I was thinking about taking a career break In the nhs you can have one up to a year and they have to keep your job open for you. I think £7000 would be enough for a year.

[imagine]

Exactly Imagine I am so stress free when I go there. But if you can live for less there tell me how to do it. When you think about it it is great place if you have money of coarse. The temperature is great and where I go the people are friendly. What more could you ask for.

you have to be a tight yorkshire man like me and graham to cunningly live on nowt

its my intention to go live there all being well , as soon as im able after iv returnede from my xmas visit, im lucky i have no house or property to pay for over there, though i will help to maintain, at the moment lolita works a teacher, her out goings are very little, she has a small source of other income,
i can make small amounts of cash too without killing myself to live, as for luxuries well im happy to live a very basic existance , and i wont strive to live in an expensive area or house,
but i admit , i have yet to try it, but im sure as heck i can live on £100 a month , less if i can

[lastlid]

I was thinking that lastlid but steve might have some commitments. If I was in his shoes I wouldnt think twice I would be gone. I was thinking about taking a career break In the nhs you can have one up to a year and they have to keep your job open for you. I think £7000 would be enough for a year.

Not a bad idea. Would you therefore delay the visa application?

[imagine]

£500 is the minimum amount that we will have per month then upwards to over 3 times that much,if i stay here till i am 60, that way we could have our own place and have enough for emma if anything happened to me, its not knowing how much you will need because you have never lived there before, its not a holiday but real life and i am just trying to be realistic, sorry to keep going on about it but the best advice to get is from people who are there or planning to be in the phils

3 times as much,,,, well thats a big temptation to wait untill your 60

[andy222]

Not a bad idea. Would you therefore delay the visa application?

A lot of things are going through my mind lastlid. It would be a option though. Im waiting to see what my mp says.

[stevewool]

lots of good advice, lads, we are all differant, from day 1 i have always said when i hit 60 i will be gone and i shall have enough to last me a long time, rent first and then buy, the house here will be rented out to my daughter at a discount rate the monthly amount will be put into my bank account and we can always come back here for a holiday, if anything happens to me the money will still be paid for emma and once anything happens to emma the house will be my daughters , thats the plan for here, hopefully with that figure , saving, pension, ennuity, we shall be able to live a modest life, keeping a low living but being able to think lets do this and that when we please, 60 is the cut of date but who knows it could be before, lets hope we all get there one day ,

[stevewool]

I was thinking that lastlid but steve might have some commitments. If I was in his shoes I wouldnt think twice I would be gone. I was thinking about taking a career break In the nhs you can have one up to a year and they have to keep your job open for you. I think £7000 would be enough for a year.

once i give up my work there is no going back, thats why once i say thats it , well thats it

[stevewool]

.try and live on a fixed budget for several weeks.[/QUOTE]

a few years ago i started living on a budget and thats how i live now, since Emma has been here, the budget has gone up a little not much , i live better eat better but still save and live about the same, so i know that living in the phils we could live on very little, i am not into wanting the best or the biggest, just want to be happy

[andy222]

There are lots of ways to look at it steve. Now your healthy you could stay at work until your 65 and god forbid you might come down with something. In my opinion the temperature in the phils suits us from here. I have arthritis in 1 knee but when I am there I dont notice it. No one knows what is round the corner. What I say is if you can afford it do it.