Living in Philippines on $32,000USD per year - Page 2

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Living in Philippines on $32,000USD per year - Page 2


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  #11 (permalink)  
Old 16th February 2015, 09:31 PM
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Originally Posted by cvgtpc1 View Post
I'd worry more about playing poker in the PI with the wrong people even if in a legit casino/poker room if you plan to supplement your income that way.

But then again since you're out of the US you could get away with playing online with a PI bank account.

You can easily And Cheaply go back and forth to real casinos in Macau while based in PI (And Not have to live In Manila...no reason or need to) and earn Real winnings at your level that you probably can bank off shore somewhere. Then when living and chilling in P.I., you could live near a beach or much nicer area. Curious though, Why Philippines over some other Asian destinations?
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  #12 (permalink)  
Old 16th February 2015, 11:21 PM
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I am laying down the plans to PERHAPS retire in a couple of years to the Philippines. A good portion of my income will be dividends from my retirement accounts. I just want to know where you can get 4% on money markets and CD -- assuming you are invested in the USA and not in high risk 3rd world bonds LOL WHat with the US Treasury keeping rates artificially low please do tell

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Old 17th February 2015, 12:15 AM
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I am laying down the plans to PERHAPS retire in a couple of years to the Philippines. A good portion of my income will be dividends from my retirement accounts. I just want to know where you can get 4% on money markets and CD -- assuming you are invested in the USA and not in high risk 3rd world bonds LOL WHat with the US Treasury keeping rates artificially low please do tell

I should say the Federal Reserve keeping rates artificial. As for protecting your principle that is any one's guess given your cost of living is in Asia and your monetary policy is in the US. If you have a crystal ball to figure out where the Phil economy is headed over the duration of your stay, military skirmish with China, continuation of the Jihadist movement, take all that in and project a 50+ more years life expectancy........ where did I leave those tea leaves
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Last edited by fuji0001; 17th February 2015 at 12:29 AM.
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Old 17th February 2015, 12:21 AM
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I should say the Federal Reserve keeping rates artificial. As for protecting your principle that is any one's guess given your cost of living is in Asia and your monetary policy is in the US. If you have a crystal ball to figure out there the Phil economy is headed over the duration of your stay, military skirmish with China, continuation of the Jihadist movement, take all that in and project a 50 more year like expectancy........ where did I leave those tea leaves
Lol...good point

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Old 17th February 2015, 07:35 AM
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Let not forget our good friends at the IRS. 50k in the bank must be reported. 10k transfers must also be reported. Buying a condo here is a good investment but again reportable. Just playing the devils advocate
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Old 17th February 2015, 09:12 AM
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Thinking of how the general population thought process, this would be my major consideration of this method of livelihood.

Fred
We just had 2 young ladies (one was 17) killed over gambling debts from a wake! Some of these folks are crazy!
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  #17 (permalink)  
Old 17th February 2015, 09:32 PM
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We just had 2 young ladies (one was 17) killed over gambling debts from a wake! Some of these folks are crazy!
As I have mentioned in some other post's, The thought process in this Country seems to vary over a very wide spectrum and is sometimes quite questionable and sometimes non reasonable. Try to fly under the radar, MYOB, and maintain a low profile.

Fred
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Old 18th February 2015, 12:00 AM
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Living here on 32k usd would be easy in my opinion...being a pro gambler, not so easy, If you lose they would love you, if you win, good chance of getting killed and the winnings stolen. Filipinos are very bad losers..has to do with face....I get invited to gamble here all the time, but I never do, not so much because I dont gamble, but because if I won it would create more problems than I want to deal with....It might be different in a professional setting like a casino but I doubt it....
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