How To Retire In The Philippines Early (Expat) (Copyright Free Content)
Channel: Owl of Asia 
Date: 10/11/2021

How to retire in the Philippines early? Retirement in the Philippines as a foreigner is a great choice. So how can you retire quick? Its starts with the FIRE movement Philippines

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F.I.R.E – South East Asia  

00:00 Intro
00:44  What Is Fire
01:32  The 4% Theory 
02:59  How To Apply This To Asia
07:45  What Do The Critics Say 
08:15  What Is Next

how can you financially live comfortably in South East Asia?  Well, it may surprise you that ideas for financial independents and retiring early originated in 1992, from a book named - Your Money or Your Life.

This is not financial advice, and it's recommended to speak to an independent financial advisor. 
 
2. What Is FIRE 

So the burning question is … what is Fire? The abbreviation stands for Financial Independence, Retire Early. The process of this movement changes slightly depending on individual circumstances and personal goals. Typically, however, the lifestyle requires saving as much money as possible and investing this an investment that will allow the investor to retire early and live off the interest of their investment. The rules are somewhat nonlinear, but most aim to retire in their 30s and 40s, and to do this, they save anywhere from 40% – 80% of their income. But as mentioned, this is not set in stone. Some invest less and retire much later. Some try to burn this idea, and we will take a look at criticism
3. The 4% Theory 

Online the 4% theory has become like wildfire as it's gained popularity among those who wish to retire and live in southeast Asia. The 4% rule is the percentage a retiree should withdraw from their investment each year in its simplest term. This is also referred to as the safe withdrawal rate. The reason 4% is 4% and not 2%,5% or 15% is because inflation on average is at 3%, and investment returns are typically around the 7% mark, which means that you can withdraw 4% without worrying. 

This, of course, is based on an average, and each country will differ on their specific percentages, but as a guideline, the global inflation rate has been between 2.7% – 3.5% over the last 5 years.   

Nonetheless, many factors influence the 4% rule. I recommend reading about the trinity study for more information. But as you are watching this video, there is a chance that you are considering moving and living in southeast Asia. As if so, you will find this process much easier, and you have advantages on your side moving forward. 

4. How To Apply This To Asia
so now that's out of the way, let me turn my attention to you. You are looking to retire and live in a different country, and if you are like the other 7.7 billion people in the world at this moment, you wish to enjoy life and not worry about your financial situation. Thus, the question is, how do you get started with FIRE?

5. What do the critics say 

1. FIRE won't work unless you are rich 
One of the most common criticisms is that most people will not achieve financial independence from the fire movement unless they are already wealthy. 

2. Your life experience before retiring will be of lower quality 
This process is more than a habit or an idea. It is a complete lifestyle, and it is argued that those who follow this lifestyle live at a lower quality of life as they do not get to enjoy the luxury is of life while they're young. 

3. The 4% rule may not be enough

Another common criticism is that some suggest that the 4% rule may not be enough in the future. As we know, the world is full of surprises, and some believe that the financial world will look very different in the future than what it looks like currently. 

6. What Next?

The fire movement is a well-designed idea, but it may not be appropriate for everybody. However, the principles of this model are robust, and even if you choose not to retire early, you can still use this method ready for your new journey.




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