In this video, Randy tells you his own story about how he retired early in the Philippines on $600 per month for around 13 years but is now living on $800 per month.
He retired early in the Philippines on $600 per month
Here is the first video where Randy shares his story in 2020:
Here is Randy’s update for December 2021.
Here is Randy’s third video Interview:
Okay, that is an amazing story. Here are a few of my tips about how to reduce some of the risks of retiring overseas.
Most people should buy health insurance and have considerable savings set aside to cover any emergencies that occur living overseas. The two biggest risks of retiring cheap overseas are running out of money and getting sick without having Medicare to take care of you. I am not advising you what to do. I am just sharing how I think about these two biggest risks in the below video.
I also have 5 other videos that will explain some of the risks of retiring in the Philippines so you can go into this with your eyes wide open. I am not trying to ruin your dreams I just want to help you avoid some of the mistakes I made living outside the USA for the last 14+ years. Here is my video explaining how you should not retire overseas until you have completed your exploratory visit:
This video is my thinking about what health issues may keep some people in their home country and how I think about what money is enough for me, but you may need more.
When you think about moving overseas, almost everyone with information about it will tell you to buy real estate. Here are my thoughts about why that may not be the best idea.
Here are my thoughts about why I have delayed getting a retirement visa for 14 years.
Here are the top 10 mistakes international retirees make:
Finally, most people will need more money to retire in the Philippines. Most ex-pats report needing between about $1200 to $2500 per month to live in the Philippines. But Randy is not the only person living on so little money in the Philippines.
Thanks for reviewing our report, “He retired early in the Philippines on $600 per month.”
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This is Dan of Vagabond Awake, the Youtube channel for VagabondBuddha.com. Thank you for stopping by. The world is your home. What time will you be home for dinner?