How Much Money Do You Need to Move to SE Asia or The Philippines?

In this video I discuss How much money is needed to move out to The Philippines or SE Asia and how much I personally had when I moved out here.
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About me: My name is Teacher Gio to my students and Gio to my friends. I left the USA over 4 years ago to travel SE Asia and live a better life. Follow my journey as I travel around The Philippines reviewing different islands and cities.
My channel: Reviewing different islands and cities in The Philippines as places to visit or live, condo and apartment reviews, dating advice, how to travel and live cheaply in The Philippines.

35 comments

  1. That sounds like great advice and one that expats should definitely follow. How much, may vary from person to person, but at least have the basics covered, re income and emergency funds.

  2. I think you laid out some good guidelines. My biggest concern when I move to the Philippines later this year (I hope) is that there could be another lockdown. If that happens, and say I don’t want to return to the US, where can you live in the Philippines and still be able to go outside and walk around and get fresh air? Staying inside for weeks or months is insane.

    I wonder if life would be bearable in a large gated subdivision under the current circumstances.

  3. good video..Thank you for the tips….I am 55 years old…. I will work another 10 years before to retire and making a final decision . The big question is ; Is it better to live in any South East Asian country or visit the country like the Philippines for vacation only .I think you have to see the pros vs the cons .But financially , you have to make it right , that’s for sure….Otherwise , welcome to Hell. :(((((

  4. Good video….I’m in Cebu City I go home for 3 weeks every year the 1st of April. I visit family and friends and pay my taxes..My flights home were cancelled of course so this 69 year old is going to be here until the flights open up.Were going to general quarantine June 1 I really miss having a burger and a beer in my favorite bar…I hope everyone listens to your watches your video because you are 100% correct and the best vlog on this topic

  5. if you cant survive in your own country on your income/retirement/pension you should not be living overseas. minimum 6 month emergency fund, better to have 1 year in back up. I am not an expat yet but look at my own country and my minimum cost of living requirements here as the standard. I will get a better bang for my buck in asia. planning is key especially when it comes to finances

  6. Great Advice I have heard the only reason there are so many 60+ guys in the Philippines is that they all want young Filipinas. That isn’t always true. One of the major reasons is they have SS and/ or pensions which gives them a steady income for life. A lot of younger guys don’t have that and like you said you can’t always count on work-related income. Remember Murphy’s Law. If it can go wrong it probably will. Ron

  7. Another suggestion: Maintain a no annual fee credit-card with at least a $3k creditline, that u will be able to access in an emergency (airfare, medical etc) Keep it active by purchasing at least $10 every 6 months( buy an Amazon giftcard using the affiliate link of your favorite Vlogger). Open a NO fee saving/checking account before you leave the USA and leave $500 deposit ( to pay the creditcard)

  8. Yeah absolutely I agree with you. In fact that’s something we can touch base on when we do the live video together Sunday. Let’s chat on fb messenger the night before to discuss the layout of topics of discussion.

  9. In this video I discuss How much money is needed to move out to The Philippines or SE Asia and how much I personally had when I moved out here.
    #1 Dating Site to meet quality Filipina girls: Christian Filipina Meet Beautiful Christian Singles Today!
    https://bit.ly/30bPjP8

    Travel & Medical Insurance: http://bit.ly/36pHlVf

    Health Insurance: covers pre-existing conditions, cancer and Covid-19: http://bit.ly/3fSZEaL

    Airbnb Get up to $55 off your first trip: http://bit.ly/2y4rcVW

    Great way to invest a little, get $5 when you sign up: http://bit.ly/3bjkf5h

    Remitly: Sending Money around the world: Save $15 off of your 1st transfer http://remit.ly/1u9ctca

    Sign up for Youtube Membership for great benefits and exclusive videos: https://www.youtube.com/channel/UClMl

    1 on 1 Consultation With Gio: $35 hourly e-mail: italiagio71@gmail.com

    My Patreon account: Exclusive Video Content Dating & Marriage in the Philippines Workshop (exclusive & private videos only found here) Behind the scenes and more detailed information about the Philippines. As low as $2.99 a month.
    https://www.patreon.com/giointhephili

    Transferwise get your first transfer for free: http://bit.ly/2Z4xxfZ

    Sign up to get your TEFL and start teaching today! https://bit.ly/2R9URae

    #1 Rated VPN – view US Netflix and unlock access to all sites and stay private: https://bit.ly/3bMKPU8

    Contact and follow me on Facebook:
    https://www.facebook.com/GiointhePhil

    Instagram: GiointhePhilippines
    Contact me by e-mail: italiagio71@gmail.com

    About me: My name is Teacher Gio to my students and Gio to my friends. I left the USA over 4 years ago to travel SE Asia and live a better life. Follow my journey as I travel around The Philippines reviewing different islands and cities.
    My channel: Reviewing different islands and cities in The Philippines as places to visit or live, condo and apartment reviews, dating advice, how to travel and live cheaply in The Philippines.

  10. So true got have that exstra money least 25 to 500000 dollars extra money alot guys come here think they can live on 500 dollars a month.

  11. Right now in the US the GOP is actively trying to eliminate Social Security and Medicare/Medicaid so just a note to pay attention. I am retiring within a few months and I’m stuck in the US and really unsure about the SS situation. I have a reasonable union pension so I do have somewhat of a backup.

  12. Good info Gio…I think you are right on with your estimates. I have 3 maybe 4 more years max, until i retire. By the end of next year i will be debt free, to include the Ex’s credit card debt i had to eat, and i”ll be on the way to saving up for a 1 year stay. I’m getting stoked already!

  13. I agree with what you’re saying first and foremost you have to have a plan and place when talking about retiring moving to the Philippines you have to have steady income like Social Security or pension or both to make it and have emergency money saved up like having playing a and plan B that’s what I feel you need to have when talking about moving to the Philippines you have to have things in place and prepare for the move ahead of time..

  14. Thanks Gio, Even though the 1st time I come over there only be for 3 weeks Listening to you all this time Has made me realize to Have more money than I anticipated. Better to have more than not enough Again thank you for You’re Information

  15. All good advice FOR THE PRESENT….
    But ALL of S E Asia is developing fast and wages and salaries are rising fast…
    In a few years maybe this S E Asia option will not be violable..
    I know costs in the Philippines have really risen over the last 5 years I have been here and I think other Asian countries are the same…
    Australia and I am sure other western countries have almost a zero inflation rate,,,
    And if your pension is tied to inflation then the rise in pay will be small..
    Inflation in Philippines is SUPPOSED to be about 5%..(Probably higher in reality).
    Unless your pension goes up that much you might be struggling..
    If you are planning 10 years down the track then you might be in for a disappointment..

  16. Thanks Gio. Always enjoy your videos. With my pension i can live dog level here in the States or better there than I’ve ever lived here. I’ll try the Philippines when things open up.

  17. Gio, thanks for hosting those live chats! I was one of the participants.
    I am one of those younger people who moved here to Philippines and currently make my income from online teaching. What do you mean by contributing to retirement? Like paying FICA taxes and possibly contributing towards your index fund/ETF?

  18. I would tend to agree with you, but you should have enough saved to live on from where you live today for six months. So if you are spending 5K a month in the US, don’t do the move until you have 30K stashed away. Because you may need every red cent of that if you have to move back for some unanticipated reason.

  19. I have no pension. Because I am self employed. But I do own 2 houses that are paid in full, and are currently rental properties, that combined with my Social Security sets me up with about 3 times the amount of money most people say you should need to live comfortably in the Philippines. I retire in 2 years and will go there because I love it there. If I sold these houses and put the money in the bank, and spent an average of $1,500 per month, all that money would be gone in about 20 years when i’m 79. I can live nicely on $4,500 per month, and still have a large “Nest Egg” in the physical properties. I would not count on Social Security to be there for the long haul. They are already planning on a 25% decrease in payouts, as the first cut, just to keep the doors open. If they don’t do these cuts, Social Security will run out of funds completely over a short time. I would plan to have a backup plan to Social Security. Can you imagine you receive $1,600 per month, and the first cut takes $400, now your down to $1,200 per month? Next 25% cut takes you down to $900 per month? They have to do this in order to save Social Security from running out of funds. Plan ahead.

  20. Good video that sounds scary to me being in a developing nation and not even having the flight money to get home as you mentioned anything can happen thanks for sharing.

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