All great points. Before coming here I chatted to a lots of Filipina's. Some would ask for money right away some would wait for a few days before asking. Then there is the ones playing the long game and chat for weeks or months to get your confidence before asking and then the ones again chat for weeks or months but don't ask directly. They will drop hints like my brother needs to get the motor on his boat fixed so he can go our fishing again or my dad got really sick and we have to get meds for him. I would just say oh sorry to hear that I hope you can get the problem fixed. Depending on the situation I would tell them I don't send money to people I never met in person and they would say I understand and add it is not my problem but their's. And then there is the ones that insist you have lots of money cause you live in the west and have a good job. I finally converted all my expenses per month from dollars to pesos and when I told my expenses for a month in peso they would say wow that is a lot but you must still have money you can send. Some would just give up and not chat to you anymore and others well they won a free trip to my block list.
Too much red tape in the Philippines for Foreigners even though we give so much to their economy. Doing any business over there is like playing Russian roulette with your money
I'd say don't even think of starting any kind of business at all in the Phils. Why? Because not only are you taking a huge risk doing so, you will be competing with the locals, which can be a deadly (literally) game. Because it could be perceived as trying to take food from the locals. Unless you are providing some sort of goods or services whose needs have not yet been met. Even doing that, it'll be a wise thing to be a silent owner and not be at the forefront of the business...it could cost you your life if you're seen or known as the owner
In a recent Filipina Pea video she informed viewers that to be in the top 1% of earners in the Philippines you only need to make $3,800 USD/month. She did not say if that was pre or post tax, either way, most expats do make significantly more than Filipinos. Also, many expats are buying large pick up trucks and SUV's. That screams, look at me, I am rich. Silly vehicles for the narrow roads here.
It is also risky business to marry a filipina who is not fluent in English and has no desire to improve it...(Lack of communication) Result is frustration, misunderstandings and unhappy marriage..
Unforeseen circumstances are going to get everyone eventually. Everything could blow up tomorrow. I've learned to be flexible, because every time I make plans, God laughs.😅
There is one great idea for a Philippine business Paul!...filling out bankruptcy forms for the expats who thought they could open a business in the Philippines !
Building a house and living near the girls family if your not paying your way (ie) helping the family, they will put pressure on the girl may even want you out of the house. We have all heard countless stories its best just to rent not unless you have plenty of money and don't care about loosing the money. The Philippines is a country you go to spend money not earn it.
Hey Paul, I’m a subscriber and try to watch and like/enjoy every one of your videos! But maybe I missed knowing about your immigration status. I’m a former US Army MSC Officer and I believe that you are a former US Navy MSC Officer. I’m planning to travel from PHX to MNL within the next month to apply for a SRRVisa-Expanded Courtesy as a veteran. Do you have that Visa? If not, then what Visa do you have? Any info that you would share could be useful to me and maybe others🙏
If you retire in the Philippines do that. Stay retired. Whatever business you open if it's perceived to be profitable in 3 months you will have 20 other business pop up to compete with you. It's the philippino way.
Very good points about the risks of the Philippines. Investments or businesses are not a good idea in the Philippines. If you are married to a filipina, yes the family is going to be something to be concerned about if you retire there. The Mrs already sends money home to her family, if I retire there, guess who will be the only one with money?...lol Thanks for the video, Paul...Jim
I understand you can own a % of land and a business in the Philippines but not a controlling interest. The alternative is the scheme where a consortium is building houses near subic where you lease the land and have a house built. At least you are the named leaseholder and have security for the duration of the lease. As for other potential 'ventures' I'd be exceptionally cautious. I've heard good advice from expats about investment deals. Basically be careful.
The 3 most important words for a successful life in the Philippines: Rent, Rent, Rent. 100% agree about opening small business it's the same here in Brazil, The local store near me has had 5 different owners/ renters. Sold twice ( 1st owner retired ) but the second owner couldn't make it work and soon rented it to her cousin soon after her two other people. On #5 now😮. Screw buying a house you don't own load up on dividend paying ETFs like JEPQ, GPIQ or QQQI instand. All those ETFs track the QQQ index offer growth and pay a monthly dividend which equals 10% to 14% a year. QDTE tracks the same index but pays weekly dividends however this fund is the newest so always do your own Due Diligence.
My US ex-wife generously left me one piece of land in divorce: my burial plot...& she tried very hard to fill it!
That is great. Nice one
Excellent things to consider before parting with your money. Very good advice. Political talk avoidance is good advice anywhere in the world.
Yes indeed. Thanks for watching
All great points. Before coming here I chatted to a lots of Filipina's. Some would ask for money right away some would wait for a few days before asking. Then there is the ones playing the long game and chat for weeks or months to get your confidence before asking and then the ones again chat for weeks or months but don't ask directly. They will drop hints like my brother needs to get the motor on his boat fixed so he can go our fishing again or my dad got really sick and we have to get meds for him. I would just say oh sorry to hear that I hope you can get the problem fixed. Depending on the situation I would tell them I don't send money to people I never met in person and they would say I understand and add it is not my problem but their's. And then there is the ones that insist you have lots of money cause you live in the west and have a good job. I finally converted all my expenses per month from dollars to pesos and when I told my expenses for a month in peso they would say wow that is a lot but you must still have money you can send. Some would just give up and not chat to you anymore and others well they won a free trip to my block list.
Well said Brian. I’ve heard many similar stories. Wow
Too much red tape in the Philippines for Foreigners even though we give so much to their economy. Doing any business over there is like playing Russian roulette with your money
Probably right. Just bring your money from elsewhere
I'd say don't even think of starting any kind of business at all in the Phils. Why? Because not only are you taking a huge risk doing so, you will be competing with the locals, which can be a deadly (literally) game. Because it could be perceived as trying to take food from the locals.
Unless you are providing some sort of goods or services whose needs have not yet been met. Even doing that, it'll be a wise thing to be a silent owner and not be at the forefront of the business...it could cost you your life if you're seen or known as the owner
I tend to agree
The enjoyable side of being in the Philippines is real and it is exactly as enjoyable to be there as it can be difficult sometimes.
Yes, agreed
In a recent Filipina Pea video she informed viewers that to be in the top 1% of earners in the Philippines you only need to make $3,800 USD/month. She did not say if that was pre or post tax, either way, most expats do make significantly more than Filipinos. Also, many expats are buying large pick up trucks and SUV's. That screams, look at me, I am rich. Silly vehicles for the narrow roads here.
Thanks. Good points
It is also risky business to marry a filipina who is not fluent in English and has no desire to improve it...(Lack of communication) Result is frustration, misunderstandings and unhappy marriage..
I have seen that several times myself
Unforeseen circumstances are going to get everyone eventually. Everything could blow up tomorrow. I've learned to be flexible, because every time I make plans, God laughs.😅
Great points. Me too
Very good video enjoyed the 8 topics salamat
So nice of you
Keep renting to remain flexible and only keep a minimum amount of assets in the Philippines - and don’t get locked in by a unhappy marriage 😊
Well said. Thanks
any of ya'll seen Calvin ? That Mutha owe me some chil support
Y’all?LMAO Country bumpkin
That was funny
These people think they're entitled to foreigner's money and how dare you not willing to give it to them.
Many. You are correct
There is one great idea for a Philippine business Paul!...filling out bankruptcy forms for the expats who thought they could open a business in the Philippines !
Haha. Good one
Great points to commit to memory…. Thank you for sharing. Good luck.
Thanks for watching!
Building a house and living near the girls family if your not paying your way (ie) helping the family, they will put pressure on the girl may even want you out of the house.
We have all heard countless stories its best just to rent not unless you have plenty of money and don't care about loosing the money.
The Philippines is a country you go to spend money not earn it.
Great points. Thank you
Hey Paul, I’m a subscriber and try to watch and like/enjoy every one of your videos! But maybe I missed knowing about your immigration status. I’m a former US Army MSC Officer and I believe that you are a former US Navy MSC Officer. I’m planning to travel from PHX to MNL within the next month to apply for a SRRVisa-Expanded Courtesy as a veteran. Do you have that Visa? If not, then what Visa do you have? Any info that you would share could be useful to me and maybe others🙏
If you retire in the Philippines do that. Stay retired. Whatever business you open if it's perceived to be profitable in 3 months you will have 20 other business pop up to compete with you. It's the philippino way.
Yes, agreed
you nailed that one
Thanks very much
Very good points about the risks of the Philippines. Investments or businesses are not a good idea in the Philippines. If you are married to a filipina, yes the family is going to be something to be concerned about if you retire there. The Mrs already sends money home to her family, if I retire there, guess who will be the only one with money?...lol
Thanks for the video, Paul...Jim
Welcome Jim. Thanks for
Great information is always
So nice of you
I understand you can own a % of land and a business in the Philippines but not a controlling interest.
The alternative is the scheme where a consortium is building houses near subic where you lease the land and have a house built. At least you are the named leaseholder and have security for the duration of the lease.
As for other potential 'ventures' I'd be exceptionally cautious. I've heard good advice from expats about investment deals.
Basically be careful.
Yes, thank you. Agreed
Hi Paul,
Excellent advice to the newcomers, and the people who have been here for years!
All the best,
Here in Bohol
Many thanks! Greatly appreciated
Get out into the great outdoors with the swaying palms and coconuts under the sun. That’s why we come there. These vids look akin to hostage videos
Another great video Paul.
Glad you enjoyed it
I bought a lot of- clean title - hired a retired judge - built house - then leased house and lot for 25 years in my name
Exactly, well done
Fantastic. Congratulations
The video reminds me of the old joke. How do you make a small fortune in the Philippines. Bring a large one.
Yes, same with n Vegas
When the average family makes $300 or $400 dollars a month here, what is your profit on a business. Don't seem worth the effort. IMO.
Yes, exactly. No income to purchase anything
The 3 most important words for a successful life in the Philippines: Rent, Rent, Rent.
100% agree about opening small business it's the same here in Brazil, The local store near me has had 5 different owners/ renters.
Sold twice ( 1st owner retired ) but the second owner couldn't make it work and soon rented it to her cousin soon after her two other people.
On #5 now😮.
Screw buying a house you don't own load up on dividend paying ETFs like JEPQ, GPIQ or QQQI instand.
All those ETFs track the QQQ index offer growth and pay a monthly dividend which equals 10% to 14% a year.
QDTE tracks the same index but pays weekly dividends however this fund is the newest so always do your own Due Diligence.
What the hell you jabbering about
Thanks so very much. Very interesting
One option I have been considering for when I move there: living on a boat. 🤔
Interesting. That would be cool
if no leagle right to it ....dont spend on it
Good advice
keep it simple....travel lite ...keep money in your pocket@@PaulWorldZoom
Rent don’t buy everything in the Philippines
Good advice
Yes
Thanks
Can you sit in ur livingroom for the next video? Kinda done with that kitchen background.
Cry more
Thanks
Paul "tip of the day" get outside to to make your videos, look for a nice backdrop
The backdrop has nothing to do with his message
@@bobnewhart4318Disagree the backdrop adds to the message.
That’s right. We wanna see palm trees and sun. These look similar to hostage vids
@@bobnewhart4318 It helps in delivering the message. Don’t you know nothing
Thanks for the tip. Good idea
Did You Find Love?
Oh sure, yes