making a living in the phils

[grahamw48]

I agree with tiger31.

Very difficult when you're competing with the locals...also for YOU to be actually permitted to work or run a business there. Have you looked into that ?

Ideally you need a skill that is sought after, and not widely available where you are residing.

Your money is MUCH safer back in the UK, and any minor irritations with renting out a UK property will I'm sure be more than made up for by the fact that we do actually have LAWS in this country that are designed to protect your interests, quite apart from the fact that you'll still have an appreciating investment.

I would look upon a business in the Phils (in your wife's name) as purely a hobby, from a financial point of view.

[tiger31]

I agree with tiger31.

Very difficult when you're competing with the locals...also for YOU to be actually permitted to work or run a business there. Have you looked into that ?

Ideally you need a skill that is sought after, and not widely available where you are residing.

Your money is MUCH safer back in the UK, and any minor irritations with renting out a UK property will I'm sure be more than made up for by the fact that we do actually have LAWS in this country that are designed to protect your interests, quite apart from the fact that you'll still have an appreciating investment.

I would look upon a business in the Phils (in your wife's name) as purely a hobby, from a financial point of view.

totally agree with graham try renting out your house or rooms in your house and maybe get one of your family to keep an eye on everything .then you wont have to worry too much about income coming in .

[robbie bobby]

I agree with tiger31.

Very difficult when you're competing with the locals...also for YOU to be actually permitted to work or run a business there. Have you looked into that ?

Ideally you need a skill that is sought after, and not widely available where you are residing.

Your money is MUCH safer back in the UK, and any minor irritations with renting out a UK property will I'm sure be more than made up for by the fact that we do actually have LAWS in this country that are designed to protect your interests, quite apart from the fact that you'll still have an appreciating investment.

I would look upon a business in the Phils (in your wife's name) as purely a hobby, from a financial point of view.

We already had an eatery/shop in the centre of iligan.takings was around 4-5k a day on average and had a videoke machine which took 5k monthly which we got 50%.We sold around 400 ice per day for 2 pesos each and 100-120 ice water at 1.5 pesos each.we had a cook which we paid 150 per day and a helper paid 80 pesos daily.We did the secret lucky number thing which made on average 200-500 daily depending on the winnings and sold lechon and always bought 20 kilo pigs and sold them at 60 kilos and we fed them the scraps of what people left on their plates etc which I admit didn't make much profit but it did help somewhat.it fed a family of 7,put 4 children through school and graduation and also paid for a maternity clinic birth and 2x dengue fever bills in the Mindanao sanitarium. we got rid of it last week as my wife is coming here.I put £1500 in when we started and last week we took £4000 out plus 200 cases of pepsi which we sold for 4000 pesos .it is possible with a little elbow grease and commitment.when I was there I was always the the shop and also ate drank and smoked for free everyday.Not big money really but it did provide and it did give a return

[grahamw48]

We already had an eatery/shop in the centre of iligan.takings was around 4-5k a day on average and had a videoke machine which took 5k monthly which we got 50%.We sold around 400 ice per day for 2 pesos each and 100-120 ice water at 1.5 pesos each.we had a cook which we paid 150 per day and a helper paid 80 pesos daily.We did the secret lucky number thing which made on average 200-500 daily depending on the winnings and sold lechon and always bought 20 kilo pigs and sold them at 60 kilos and we fed them the scraps of what people left on their plates etc which I admit didn't make much profit but it did help somewhat.it fed a family of 7,put 4 children through school and graduation and also paid for a maternity clinic birth and 2x dengue fever bills in the Mindanao sanitarium. we got rid of it last week as my wife is coming here.I put £1500 in when we started and last week we took £4000 out plus 200 cases of pepsi which we sold for 4000 pesos .it is possible with a little elbow grease and commitment.when I was there I was always the the shop and also ate drank and smoked for free everyday.Not big money really but it did provide and it did give a return

Good for you (both)....and proves that of course there are success stories too.

Sadly, not for everyone though, so I always urge caution.

[jake]

Sadly, not for everyone though, so I always urge caution.

I agree.

The problem is a lot of foreigners come to the Philippines with a nice chunk of change and act without thinking. Happens on a regular basis and instead of blaming themselves, they blame the Philippines and its people. It takes two to tango!