A grown man (50's 60's 70's) without Income & Savings "Should Not be Moving to the Philippines" .. If a "grown-up" needs that explained to them, they've already in trouble ..
@@thomasauslander3757 lol people act like Philippines is some utopia of amazing sun year round. Reality is many monsoons happen from May to October of several raining days. Those will wash away tents and make your life way more miserable than Oakland which last time I checked has never had hurricanes. Tents don't work in most parts of Phils
It's easy to form your own opinion (skewed) of the Philippines by watching UA-cam. The Filipinas who come from families with money will not waste their time with an old Foreigner. If you're making the move for honey ko, remember she also has a family. Nothing is free! She could also have a boyfriend. I'm 100 percent serious about her possibly having a BF on the side. How do I know, don't ask. It's a lot to consider.
Its simple.... If you don't have any life management skills in your home country.... you will just repeat the same behavior in a far away place... and you really don't want to be somewhere else...
Thanks for sharing! This is what every expat needs to hear. I stayed in the Philippines for 4 years, my bank kept locking me out of my account because I was using my card in a foreign country even though I told them I was going to be in the Philippines. There was no fixing the problem short of me spend $1400 to fly home and fix it myself in person. Even the Chase branch in the Philippines was no help. Once taken care of I went back to the Philippines just to get locked out two months later. I had to fly back again but this time I added my sister to my account so she can take care of such matters. The branch manager assured me it wouldn’t happen again. Well it did, two more times but she took care of the matter. Great sister! One other thing. You have to learn to say no to people and learn when it’s time to walk away from a bad situation or relationship that’s sucking the financial life out of you because if you don’t, you will end up broke and alone. Thanks for the great advise.
Thanks, all good points you make. I think access to your money is number one for me. If you cannot get to your money everything else spins out of control.
I am not an expat (yet) but I think it would make sense to open a local bank account wherever you are, and do regularly scheduled wire transfers from your stateside or home bank (if you are not from the states) to your new local bank. Yeah, you might have to pay a small fee but I think it would be worth it. Seems like that would alleviate a lot of similar issues.
Wow , all you had to do was have a relatives phone number on your bank to call as your number . Then when you get locked out they will send a code to that phone reset your password and you good , happens about twice a year to me.
Tell your boss at the SSA that not having a MANDATORY NOTARIZATION OR CERTIFICATION SIGNATURE is opening U.S. tax payers to FRAUD . That's probably the reason we are going to run out of SSA money in 2034 .
Its easy to see that you genuinely care about the well-being of others. Whether people take your advice or not, it's great that you do this for the benefit of others.
Getting homeless when you're old and in a foreign country is probably the worst situation imaginable. At that point these people need to get their butts back home. I think once I hit 70s way down the road I am going home regardless of the income and just traveling small trips
Easier said than done for some. Some expats have nothing to go back home to. And if they come from a cold country and have to go back home and be homeless in the snow, it can be worse than being homeless in a warm place like the Philippines. If they're from a country like America and they go back and be homeless, they can get various types of assistance from government and other charitable organizations, but their lives still won't be very comfortable. It's a very tough situation to be in, especially when you are old.
The issue is that they like to spend recklessly. People also need to remember that people in these countries can be parasites. People need to be smart wherever you live and you can be lonely even in your own country with no help.
One very important factor is if you have a lady who's with you through the ups and downs. I was very lucky to have found one. Without going into too much detail we hit a financially changeling period. I fortunately found a job that 1k USD a month. Eventually she found a job as a hotel cleaner, moving up to hotel cook and finally as front desk/ manager. She enjoyed it and was a fast learner. After many years my 100% disability kicked in. I forced her to quit and enjoy my $5,400 monthly. Unfortunately we're so used to living on tight budget that she finds it painful to spend money. Our rent is only 5,500 pesos or $120 but now I use the AC 8k pesos or about $200 monthly. I'm so grateful to have gone through rough times with her and not alone.🙏❤️. The writing of this comment we have been together for 9yrs and a 6yr son. Fortunately her family is far away and still believes we don't have money. 😆😆😆
@@marianeil6630 really cheap. Should be 7 or 8k. I've been living/ jumping around in the same area for years. After a while you can find good deals. Another plus I know the language. I'm in Angeles City
Probably why many old men end up homeless in PHL is they have health problems, many of them mentally ill. They think that their Social Security benefits or Disability benefits is plenty of money for their lifestyle. Then they don’t factor into the equation that medicine and medical expenses are less expensive in PHL but if they’re hospitalized or incapacitated due to illness. They will NOT have anyone who can help them, they don’t have that “security net” of family support or government assistance programs that they would in USA.
Good 👍 advice! I traveled to and from The Philippines 🇵🇭 for 25+ years, including last year, 2022. Homelessness was never a problem for me. Your advice will help even more! 😃
So glad ill have my Filipina wife in tow,,since she got her US citizenship that also solves alot of future issues..Great message as always,,I always tell my kids watch your money because no one else will..
Great video Steve as I actually helped Derek @ Q adventures get 79 yr. broke ill-health Ken back to UK as none of us wants to end up alone with nothing with failing health and the worse part was having no friends or backup plan ending up overstaying for years. Thanks as this IS the Greatest fear and something we all need to guard against.
Its very important not to become a victim of your poor choices in life especially overseas. The future is unpredictable using the present to prepare for tomorrow the best you can.
So true! my strategy is to save as much as possible. I'm blessed to have more than one retirement pension. We fly home every year,visit the family & bring back enough funds for the current year - let my pensions just save throughout the year while we're away. We have one bank in the Philippines (savings) and one bank in the USA (savings). Been married to a Filipino for over 10 years, paid cash for our home and living the life that God has blessed us with. 💞
A bunch of retired expats who get SS got their payments cut off in March 2023. The SS office in Manila will personally handle the 7162 forms after the benefits get cut off. This would be for folks in the region like southeast Asia. I had to send it in April to the Manila for my father who lives in Vietnam. All benefit payments get restored retroactively. It is a pain in the ass to send it to Wilkes Barre before the benefit cutoff in March, but at least we know the Manila office is there as a last resort.
well yes if the US Embassy has opened back up the last time I tried they are still playing the COVID rope a dope my friend tried going just a week ago turned away.
Basic common sense will help any expat from being homeless in any foreign country. Plan ahead and keep your finances in order. Avoid gold diggers at all cost.
“Annual income twenty pounds, annual expenditure nineteen nineteen and six , result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery” ― Charles Dickens, David Copperfield
You can notarize documents via an online notary. I did this for a property transfer at the end of my divorce. The notary was in Idaho and I was in Quezon City.
@@hansreynders6853 It is an online service and the document was accepted by two legal firms in San Jose, California and the notarized document was used to transfer property (Santa Clara County). I can dig out the link but a deed to $900,000 property was transferred to only my ex's name this way. There were zero issue. The who online notaries (which involved a Zoom meeting and sharing IDs) is a biproduct of Covid.
A lot of people never realize how much their families have looked out for them in the past then they head off to a foreign country with no family support only vultures looking to take and low and behold they end up in a tough spot and have no clue how they ever got there in the first place.
I live in Thailand. I avoid ladybars and those that frequent them. For the most part, those that habituate bars, end up broke or close to it because of poor choices. Boozin and short term relationships are a dead end.
Short term relationships are neither good nor bad. As always, it is a matter of self control and discipline. If you master control over your actions you will be able to live within your budget and treat yourself with a ST candies from time to time. If you let other people leach from you then any relationship can become a catastrophe. We have heard enough stories of expats who have lost all their life savings to canny long game players in Thailand.
Hi Steve, Great advice everyone needs to listen to. Sometimes grass is not greener on the other side. I decided to test fire the Philippines first for about 6 months mostly because of health reasons not financial reasons. Thanks you for your excellent advice. Stay safe, stay healthy, have fun.
More good info from Steve. The SS form is 7162. I can relate. Nagsugod ko isip ilo nga walay balay. Wala ko mutingog hantod nag 5 yrs old ko . I. used ka hamtong nga lalaki sa 7 ka tuig ang panuigon. The Irish adopted me and helped make me strong. I'm 25% Pinoy and 75 Iirsih /English. Everywhere is our home so think like that and they and always try and make good decisions because if you make a bad one.. you will need to make up more decisions and they will need to good. Merry Christmas and 2024. Stay calm and focused.
Great advice. I'm a month from 50 and I have some money, but I'm terrified that my money will run out before 62 or 65 and I will have to come back to NY at like 60 years old and have no home and try to eek out a living.
Thanks again, Steve. This is a big fear to many including myself. While I have a decent SSDI and some dividends that puts me a little above the average numbers you have shown in another video, I;m still 7th Fleet enough to know that "a fool and their money are soon parted." I have seen a couple of clip of unfortunate souls who ended up on the streets over there. "Window !:. Thanks again, Boston!
If it is your karma to end up broke and on the street somewhere it will happen despite your best efforts. When you see a person down and out, just say to yourself: "There, but for the grace of God, go I".
Repatriation loan it's good to know. This is the 1st I heard of this.Thanks for sharing. You always have good information Steve I really appreciate your blogs.
remember they don't give it to you right away. They will ask first call at least three people in US and ask for money and only after no one gives you a loan they will buy you a ticket and it might take long time
Hi Steve if you have more information of other places it would be greatly appreciated. I noticed the videos was 3yrs ago.lol. I'm soon moving to Manila and be looking for an apartment to rent.
Have to plan longterm before you come to the Philippines. Map out every scenario and what happens if something goes wrong. However if you didn't plan, then recommendation is go to the US embassy and seek assistance there.
Great video Steve. Thank you. Yea. That's why I gave up on the idea of Asia for retirement. Too far from the US. I'm looking at Panama or Argentina instead. I also waited to file for social security to have enough cash flow each month to afford my decrepit years. I'm at 68.5 years old and I just filed for social. I'll be getting a US passport next. Hopefully, an exploratory trip to Panama later this year.
remember men who are first time going to the Philippines. don't get blind to all the young sexy Filipinas coming up to you. remember they know the game and you don't yet. don't get school or think you have more money than them that you are better than them because they will and know how to take you to school. Philippines is my favorite place on earth to go because of all the relaxation however know this that the people are poor and trying to survive daily. buy a small chain from Robinson store with locks and lock the suitcase up attached to something. from willard
Steve, your channel continues to be a must read/hear channel. It is easy to get caught up in the excitement of a visit. Much more prudent to be fully prepared and your boy scout reference was apropos! Salamat!
Love your channel your always straight forward to the point. What i do is alway leave cash with someone you can trust in the US for Emergencies they can easily wire the money to you i leave my sister 5k when i go the Philippines 🇵🇭 when i go for a month or 2 Great video.
A homeless person in the states should stay in the states because there’s so many benefits. There’s SSI, free cell phone with service, lots of free food publicly and privately sponsored, free clothing/shoes, free college tuition, free healthcare, free dental care, possible affordable housing, subsidized or discounted electricity/landline phone service, cash aid, free or heavily discounted internet service, etc,etc, etc. Plus Medicaid or equivalent depending on your state.
Steve it sounds to me like piss poor prior planning and men that weren't good at planning things in their home country are the ones that end up in a bad situation there. In my opinion with these individuals it would have happened there or back home in their home country.
I totally agree that your budget should not be your income. There is no reason why you shouldn't have savings for a rainy day, and if you have someone constantly sucking you dry financially, then you may have to rethink that relationship. Some will try to get you locked in and try to get you to build a house or buy big ticket items. Many times, it's their parents or family members who are pushing them, and you will be surprised how many people get sick and try pulling the heart strings to get cash out of your pockets. Your budget should include everything to cover all your monthly expenses, including your own personal paycheck. After the monthly budget is taken care of, then whatever is left can go into a wants savings like a trip or vacation. There is no such thing as extra money and the money you get is not free money. Never pay for everything and just contribute what you feel is appropriate for you. Remember that your girlfriend or wife needs an income to, and if you want her to be a housewife, then you will need to give her a modest allowance. She is working when she is cleaning the house and doing your laundry and cooking for you, yes she is also doing it for herself but how would you feel if you didn't have any pesos in your own pockets. 10k pesos is a good amount for her ayuda, and she can do with that as she will . If she wants to give part of it to her family or go buy shoes, then she can do that without having to ask you for money all the time . After being there for a while, you will get an idea of how much groceries and sundries costs along with the other monthly costs so you can get a good rounded off budget. You both will need Healthcare, and depending on how old she is and how well she has kept up on her maintenance will determine her medical needs as well as your own. Treat her like a live-in maid with benefits, and I say this respectfully as she has worth to you just as you have worth to her . This need for each other is the glue that will hold your relationship together through the good times and the bad times.
The SSA 7162 is sent out every month of May with a second notice follow up in September. i will be sending mine via LBC, FEDEX or AIR21. The PhilPost is not reliable so I'll be mailing mine in May without waiting for the questionnaire to arrive.
I was stationed at Clark many years ago. I was shocked at how many expats lived around the base. Many were broke and begging for a few pesos. I tried to help a few during my time, but at some point, if they are stupid enough to get into that kind of situation, they deserve what comes as a result.
Yeah I also tried to apply for SSA under disable veteran TDIU 100%. I asked the them and they said I will have to be in stateside to receive SSA. So I decided not to go forward with SSA until I am 65 or 67.
How often is that proof of life? Yes that's a scary situation. Also if you wind up at the bend over hotel. Can you also include food in that health care insurance?
"Many" maybe an over stating it. I've known some and most eventually make it home. People coming to the Philippines with 25,000 or 50,000 dollars or whatever amount and expect to live on that aren't going to make it. I've lived off my military retirement here in the Philippines for 8 years and just started getting social security which is just icing on the cake. I setup a virtual mailbox using Texas as my address because no state income tax. Filed social security while back in the US and used a USA address so no problem with proving I'm alive.
Passport card in your wallet is a really good idea. Didn’t think about that when I got my new passport and didn’t get it cause it was an extra $30 I believe but I’m going to go ahead and get one
Big question for me is, if you're planning or thinking about living in the Philippines as a foreigner. What are good jobs you can do? I figure working online is the best option, but what kind of online jobs are best?
A grown man (50's 60's 70's) without Income & Savings "Should Not be Moving to the Philippines" .. If a "grown-up" needs that explained to them, they've already in trouble ..
It proves that wisdom doesn't always come with age.
Homeless tents looks better with ocean view than the streets of Oakland..
@@thomasauslander3757 lol people act like Philippines is some utopia of amazing sun year round. Reality is many monsoons happen from May to October of several raining days. Those will wash away tents and make your life way more miserable than Oakland which last time I checked has never had hurricanes. Tents don't work in most parts of Phils
@@jacked6 alright you're convincing me, staying in Oakland..
It's those bitting bugs would be the deal breaker.. 🦟
It's easy to form your own opinion (skewed) of the Philippines by watching UA-cam. The Filipinas who come from families with money will not waste their time with an old Foreigner. If you're making the move for honey ko, remember she also has a family. Nothing is free! She could also have a boyfriend. I'm 100 percent serious about her possibly having a BF on the side. How do I know, don't ask. It's a lot to consider.
Its simple.... If you don't have any life management skills in your home country.... you will just repeat the same behavior in a far away place... and you really don't want to be somewhere else...
Total agreement with that view.
You hit the nail on the head!
Thanks for sharing! This is what every expat needs to hear. I stayed in the Philippines for 4 years, my bank kept locking me out of my account because I was using my card in a foreign country even though I told them I was going to be in the Philippines. There was no fixing the problem short of me spend $1400 to fly home and fix it myself in person. Even the Chase branch in the Philippines was no help. Once taken care of I went back to the Philippines just to get locked out two months later. I had to fly back again but this time I added my sister to my account so she can take care of such matters. The branch manager assured me it wouldn’t happen again. Well it did, two more times but she took care of the matter. Great sister! One other thing. You have to learn to say no to people and learn when it’s time to walk away from a bad situation or relationship that’s sucking the financial life out of you because if you don’t, you will end up broke and alone. Thanks for the great advise.
Thanks, all good points you make. I think access to your money is number one for me. If you cannot get to your money everything else spins out of control.
I am not an expat (yet) but I think it would make sense to open a local bank account wherever you are, and do regularly scheduled wire transfers from your stateside or home bank (if you are not from the states) to your new local bank. Yeah, you might have to pay a small fee but I think it would be worth it. Seems like that would alleviate a lot of similar issues.
@@tombkk1322he could of just switched to a different bank, 250k expats are having no problem.
Wow , all you had to do was have a relatives phone number on your bank to call as your number . Then when you get locked out they will send a code to that phone reset your password and you good , happens about twice a year to me.
Charles Schwab high interest checking account.
Wisdom is learning from other’s mistakes
Being disciplined and organized can save one’s life
Yes the the best education you can get is "Learning from other people's mistakes"
No dictionary had that definition. You making up things again?
Hi Steve. I work for SSA, and FYI, the U.S. "proof of life" form does not need to be notarized or certified. It just needs an original signature. 👍
Yes, you can only sign things if you are alive
Thanks for the info!
But many Retirement boards want it notarized
Tell your boss at the SSA that not having a MANDATORY NOTARIZATION OR CERTIFICATION SIGNATURE is opening U.S. tax payers to FRAUD . That's probably the reason we are going to run out of SSA money in 2034 .
I live in Cebu. My ASRS retirement required a notarization. The SSA did not.
Its easy to see that you genuinely care about the well-being of others. Whether people take your advice or not, it's great that you do this for the benefit of others.
Thanks 🙏
Getting homeless when you're old and in a foreign country is probably the worst situation imaginable. At that point these people need to get their butts back home. I think once I hit 70s way down the road I am going home regardless of the income and just traveling small trips
Easier said than done for some. Some expats have nothing to go back home to. And if they come from a cold country and have to go back home and be homeless in the snow, it can be worse than being homeless in a warm place like the Philippines.
If they're from a country like America and they go back and be homeless, they can get various types of assistance from government and other charitable organizations, but their lives still won't be very comfortable. It's a very tough situation to be in, especially when you are old.
Some rather be homeless in the Philippines than be homeless in their home country.
@@k9companion231 Better to be homeless in a warmer weather county with cheap meals for 60p and haircuts for 80p.
@@BigbadassHealth Care?
Very true and we have seen a few of these people on UA-cam already.@@k9companion231
You're a good guy Steve, the Philippines is sadly lacking in Americans like you.
Every expat should watch this. There are a lot of lessons to learn. Thanks for your time and effort!
I appreciate that!
The issue is that they like to spend recklessly. People also need to remember that people in these countries can be parasites.
People need to be smart wherever you live and you can be lonely even in your own country with no help.
Lack of source of income, being scammed and getting with the wrong crowd can lead to being broke
Do you think they will ever learn ?
@@jeffbeck8993 and being the ATM machine for the family.
@ck8993 alcohol is a very addicting drug, im glad you got out of it.
Excellent advise, this is by far one of your best videos, so much so I shared it on a FB expat group.
One very important factor is if you have a lady who's with you through the ups and downs.
I was very lucky to have found one. Without going into too much detail we hit a financially changeling period. I fortunately found a job that 1k USD a month. Eventually she found a job as a hotel cleaner, moving up to hotel cook and finally as front desk/ manager. She enjoyed it and was a fast learner.
After many years my 100% disability kicked in.
I forced her to quit and enjoy my $5,400 monthly.
Unfortunately we're so used to living on tight budget that she finds it painful to spend money.
Our rent is only 5,500 pesos or $120 but now I use the AC 8k pesos or about $200 monthly.
I'm so grateful to have gone through rough times with her and not alone.🙏❤️. The writing of this comment we have been together for 9yrs and a 6yr son. Fortunately her family is far away and still believes we don't have money. 😆😆😆
@seashells-and-seashores 🇵🇭🇵🇭🇵🇭
Greenland! 😂
What part of the Philippines you live?? That's pretty cheap rent.
@@marianeil6630 really cheap. Should be 7 or 8k. I've been living/ jumping around in the same area for years. After a while you can find good deals. Another plus I know the language. I'm in Angeles City
@@Bigbadass kapangpangan.
Probably why many old men end up homeless in PHL is they have health problems, many of them mentally ill. They think that their Social Security benefits or Disability benefits is plenty of money for their lifestyle. Then they don’t factor into the equation that medicine and medical expenses are less expensive in PHL but if they’re hospitalized or incapacitated due to illness. They will NOT have anyone who can help them, they don’t have that “security net” of family support or government assistance programs that they would in USA.
Good 👍 advice!
I traveled to and from The Philippines 🇵🇭 for 25+ years, including last year, 2022. Homelessness was never a problem for me. Your advice will help even more! 😃
So glad ill have my Filipina wife in tow,,since she got her US citizenship that also solves alot of future issues..Great message as always,,I always tell my kids watch your money because no one else will..
How did you meet her?
Great video Steve as I actually helped Derek @ Q adventures get 79 yr. broke ill-health Ken back to UK as none of us wants to end up alone with nothing with failing health and the worse part was having no friends or backup plan ending up overstaying for years. Thanks as this IS the Greatest fear and something we all need to guard against.
Looking good bro. Tropical greenery in the background🏝
Great video I subscribed. Made me think and take some precautions. Cheers
Its very important not to become a victim of your poor choices in life especially overseas. The future is unpredictable using the present to prepare for tomorrow the best you can.
As you know, you have to vet the girl, if something doesn't seem right then you need to run.
So true! my strategy is to save as much as possible. I'm blessed to have more than one retirement pension. We fly home every year,visit the family & bring back enough funds for the current year - let my pensions just save throughout the year while we're away. We have one bank in the Philippines (savings) and one bank in the USA (savings). Been married to a Filipino for over 10 years, paid cash for our home and living the life that God has blessed us with. 💞
You like to boast about things
He is lazy too, he let god make it all come easy for him.
A bunch of retired expats who get SS got their payments cut off in March 2023. The SS office in Manila will personally handle the 7162 forms after the benefits get cut off. This would be for folks in the region like southeast Asia. I had to send it in April to the Manila for my father who lives in Vietnam. All benefit payments get restored retroactively. It is a pain in the ass to send it to Wilkes Barre before the benefit cutoff in March, but at least we know the Manila office is there as a last resort.
well yes if the US Embassy has opened back up the last time I tried they are still playing the COVID rope a dope my friend tried going just a week ago turned away.
Well presented. Thumbs up.
All great advice points you’ve made. 😊
Good info - thanks for posting
Good advice I hope people listen
Basic common sense will help any expat from being homeless in any foreign country. Plan ahead and keep your finances in order. Avoid gold diggers at all cost.
Absolutely, an excellent video. Thank you.
Invaluable information, seriously. Thanks.
“Annual income twenty pounds, annual expenditure nineteen nineteen and six , result happiness.
Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery”
― Charles Dickens, David Copperfield
Very good advise.
Great video and thank you
I pray all expats can find true love in my country Philippines trust God and pray always🙏🙏❤️❤️
I don't know about true love but they can get screwed in more ways than one..
Thanks for keeping it real. We all have to have a backup plan!
Always!
Steve,thanks for the life saving info friend.
Great information great presentation thank you
Glad it was helpful!
Good video for anyone abroad , in any country
You can notarize documents via an online notary. I did this for a property transfer at the end of my divorce. The notary was in Idaho and I was in Quezon City.
Yeah, a notary in Idaho will online confirm and sign your life certificate in Quezon city. Don't think so.
@@hansreynders6853 It is an online service and the document was accepted by two legal firms in San Jose, California and the notarized document was used to transfer property (Santa Clara County). I can dig out the link but a deed to $900,000 property was transferred to only my ex's name this way. There were zero issue. The who online notaries (which involved a Zoom meeting and sharing IDs) is a biproduct of Covid.
Very interesting! 👍
excellent advise
Great advice ❤
A lot of people never realize how much their families have looked out for them in the past then they head off to a foreign country with no family support only vultures looking to take and low and behold they end up in a tough spot and have no clue how they ever got there in the first place.
I live in Thailand. I avoid ladybars and those that frequent them. For the most part, those that habituate bars, end up broke or close to it because of poor choices. Boozin and short term relationships are a dead end.
Short term relationships are neither good nor bad.
As always, it is a matter of self control and discipline.
If you master control over your actions you will be able to live within your budget and treat yourself with a ST candies from time to time.
If you let other people leach from you then any relationship can become a catastrophe.
We have heard enough stories of expats who have lost all their life savings to canny long game players in Thailand.
Hi Steve, Great advice everyone needs to listen to. Sometimes grass is not greener on the other side. I decided to test fire the Philippines first for about 6 months mostly because of health reasons not financial reasons. Thanks you for your excellent advice. Stay safe, stay healthy, have fun.
And what was your conclusion?
Sounds like he's not healthy wisely he went back..
Thanks for your input. You seem smart.
Such a SMART video!
Simple-lack of preparation, lack of doing homework before moving, and faulty expectations.
More good info from Steve. The SS form is 7162. I can relate. Nagsugod ko isip ilo nga walay balay. Wala ko mutingog hantod nag 5 yrs old ko . I. used ka hamtong nga lalaki sa 7 ka tuig ang panuigon. The Irish adopted me and helped make me strong. I'm 25% Pinoy and 75 Iirsih /English. Everywhere is our home so think like that and they and always try and make good decisions because if you make a bad one.. you will need to make up more decisions and they will need to good. Merry Christmas and 2024. Stay calm and focused.
Great advice. I'm a month from 50 and I have some money, but I'm terrified that my money will run out before 62 or 65 and I will have to come back to NY at like 60 years old and have no home and try to eek out a living.
This is what is worrying; no matter how hard you plan it can backfire. I can’t imagine being homeless in another country
Thanks again, Steve. This is a big fear to many including myself. While I have a decent SSDI and some dividends that puts me a little above the average numbers you have shown in another video, I;m still 7th Fleet enough to know that "a fool and their money are soon parted." I have seen a couple of clip of unfortunate souls who ended up on the streets over there. "Window !:. Thanks again, Boston!
If it is your karma to end up broke and on the street somewhere it will happen despite your best efforts. When you see a person down and out, just say to yourself: "There, but for the grace of God, go I".
Repatriation loan it's good to know. This is the 1st I heard of this.Thanks for sharing. You always have good information Steve I really appreciate your blogs.
remember they don't give it to you right away. They will ask first call at least three people in US and ask for money and only after no one gives you a loan they will buy you a ticket and it might take long time
Hi Steve if you have more information of other places it would be greatly appreciated. I noticed the videos was 3yrs ago.lol. I'm soon moving to Manila and be looking for an apartment to rent.
Good advice. Steve there electronic mail services for around $15, 20 that will handle mail. You can read print and delete the junk mail.
Steve? I saw your article in business insider. congratulations........ blyth (salt lake city, UT)
Thanks
Good topic . How often do you need to do that proof of life document for ss?
Your a Good Guy all the Best
Thanks for video
Have to plan longterm before you come to the Philippines. Map out every scenario and what happens if something goes wrong. However if you didn't plan, then recommendation is go to the US embassy and seek assistance there.
Steven, you're an inspiration. Again, your advice is priceless. Keep doing the good work, and May God keep blessing bless you as well
I appreciate that!
Not following a budget is the #1 reason why people (retired or not) go broke also in the US.
I am so blessed with amazing American friends and my mom. I can't imagine having no one and being here.
Great video Steve. Thank you.
Yea. That's why I gave up on the idea of Asia for retirement. Too far from the US. I'm looking at Panama or Argentina instead. I also waited to file for social security to have enough cash flow each month to afford my decrepit years. I'm at 68.5 years old and I just filed for social. I'll be getting a US passport next. Hopefully, an exploratory trip to Panama later this year.
Thanks
remember men who are first time going to the Philippines. don't get blind to all the young sexy Filipinas coming up to you. remember they know the game and you don't yet. don't get school or think you have more money than them that you are better than them because they will and know how to take you to school. Philippines is my favorite place on earth to go because of all the relaxation however know this that the people are poor and trying to survive daily. buy a small chain from Robinson store with locks and lock the suitcase up attached to something. from willard
May Jesus bless you by helping with your advice.
I'm starting to watch your videos while on the great loop right now in preparation for leaving the country
Are you coming here ?
Contact me on my email at Steven5975@yahoo.com
It's good Americans holding each other together
Thank you
Steve, your channel continues to be a must read/hear channel. It is easy to get caught up in the excitement of a visit. Much more prudent to be fully prepared and your boy scout reference was apropos! Salamat!
Love your channel your always straight forward to the point. What i do is alway leave cash with someone you can trust in the US for Emergencies they can easily wire the money to you i leave my sister 5k when i go the Philippines 🇵🇭 when i go for a month or 2 Great video.
Great😮
There is a U.S. Consular Agency in Cebu that has notary services.
The grass is always greener. Just don't go there. Stay home. learn from the mistakes of others.
Isn't there a social security administration in Manila Steven? Good topic and advice. I will make note of this.
Yes
Proof of life thats good to know. I will prepare for that
Some pensions want it notarized and some dont
Great information. Great videos.
Anyone know how often you have to do the proof of life thing?
Really great advice, have you ever had trouble getting money from Atm
A homeless person in the states should stay in the states because there’s so many benefits. There’s SSI, free cell phone with service, lots of free food publicly and privately sponsored, free clothing/shoes, free college tuition, free healthcare, free dental care, possible affordable housing, subsidized or discounted electricity/landline phone service, cash aid, free or heavily discounted internet service, etc,etc, etc. Plus Medicaid or equivalent depending on your state.
Steve it sounds to me like piss poor prior planning and men that weren't good at planning things in their home country are the ones that end up in a bad situation there. In my opinion with these individuals it would have happened there or back home in their home country.
I totally agree that your budget should not be your income. There is no reason why you shouldn't have savings for a rainy day, and if you have someone constantly sucking you dry financially, then you may have to rethink that relationship. Some will try to get you locked in and try to get you to build a house or buy big ticket items. Many times, it's their parents or family members who are pushing them, and you will be surprised how many people get sick and try pulling the heart strings to get cash out of your pockets. Your budget should include everything to cover all your monthly expenses, including your own personal paycheck. After the monthly budget is taken care of, then whatever is left can go into a wants savings like a trip or vacation. There is no such thing as extra money and the money you get is not free money. Never pay for everything and just contribute what you feel is appropriate for you. Remember that your girlfriend or wife needs an income to, and if you want her to be a housewife, then you will need to give her a modest allowance. She is working when she is cleaning the house and doing your laundry and cooking for you, yes she is also doing it for herself but how would you feel if you didn't have any pesos in your own pockets. 10k pesos is a good amount for her ayuda, and she can do with that as she will . If she wants to give part of it to her family or go buy shoes, then she can do that without having to ask you for money all the time . After being there for a while, you will get an idea of how much groceries and sundries costs along with the other monthly costs so you can get a good rounded off budget. You both will need Healthcare, and depending on how old she is and how well she has kept up on her maintenance will determine her medical needs as well as your own. Treat her like a live-in maid with benefits, and I say this respectfully as she has worth to you just as you have worth to her . This need for each other is the glue that will hold your relationship together through the good times and the bad times.
I never hear anyone talk about using a high limit credit card that you never use unless in case of emergency with no fee its safer than cash
The SSA 7162 is sent out every month of May with a second notice follow up in September.
i will be sending mine via LBC, FEDEX or AIR21.
The PhilPost is not reliable so I'll be mailing mine in May without waiting for the questionnaire to arrive.
Hello love your vlog, I am a 100% VA Vet. How does the VA medical work with hospitals there?
Foreign Medical Plan reimbursement
I was stationed at Clark many years ago. I was shocked at how many expats lived around the base. Many were broke and begging for a few pesos. I tried to help a few during my time, but at some point, if they are stupid enough to get into that kind of situation, they deserve what comes as a result.
Yeah I also tried to apply for SSA under disable veteran TDIU 100%. I asked the them and they said I will have to be in stateside to receive SSA. So I decided not to go forward with SSA until I am 65 or 67.
Mainly , thinking below the waist❤
So when people are considering going back home do they say “I’m thinking about going to window one”?
lol
How often is that proof of life? Yes that's a scary situation. Also if you wind up at the bend over hotel. Can you also include food in that health care insurance?
"Many" maybe an over stating it. I've known some and most eventually make it home. People coming to the Philippines with 25,000 or 50,000 dollars or whatever amount and expect to live on that aren't going to make it. I've lived off my military retirement here in the Philippines for 8 years and just started getting social security which is just icing on the cake. I setup a virtual mailbox using Texas as my address because no state income tax. Filed social security while back in the US and used a USA address so no problem with proving I'm alive.
Some or Many? Big difference Sir; source please; as I would like to reach out to fellow expats in my area..🎉😢
Your Eye is flairing up again.
Take Care youngman !
Some notaries now can verify and do things by zoom.
Passport card in your wallet is a really good idea. Didn’t think about that when I got my new passport and didn’t get it cause it was an extra $30 I believe but I’m going to go ahead and get one
I'm 90% Service Connected and they will only fill my Depression Meds and nothing else even thogh I have other S/C Meds.
I'm beginning to think some Expats are truly toxic .
Informative video my friend keep up the good work 🙂
A very good chunk of them yeah.
I am seriously considering moving there but I know that my mind is starting to slip sometimes
how do you file income tax overseas ?
Big question for me is, if you're planning or thinking about living in the Philippines as a foreigner. What are good jobs you can do? I figure working online is the best option, but what kind of online jobs are best?
Get your job long before you move, that way you know its a good one and that its dependable. There are a lot of crap online jobs too