BIGGEST Retirement mistakes In The Philippines For Expats (Copyright Free Content)
Channel: Owl of Asia
Date: 2021-11-28

Let's go into our first retirement mistake living in the Philippines. Retirement Mistakes Living In The Philippines

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7 Biggest Retirement Mistakes Living In The Philippines


1. Not Obtaining The Relevant Medical Insurance 
The thing with medical insurance is that even though in the Philippines medical costs can be much cheaper than in other countries, insurance is always recommended. Some medical insurance is in the US, UK, Australia, and other countries can be expensive. However, the good news is in the Philippines; medical insurance can be purchased at a very affordable rate. One benefit of obtaining local insurance is that it's much easier if you need to claim. Please let me know in the comments if you want me to release a full video talking about health insurance options for those who wish to live and retire in the Philippines.

2. Letting Angry Get The Best Of You. 
Anger is an interesting emotion, and it tends to mask over emotions. For example, while living in the Philippines, you may see a foreigner who is out of his comfort zone, perhaps in an area, he's never been to before. In this scenario, he may feel a sense of anger due to fear of the unknown or any other secondary emotions the anger may be hiding. 
Unfortunately, through my years of living in the Philippines, I have seen several retirees become angry because they did not get their way., Filipinos are incredibly helpful, and sometimes this can be taken for granted, and as we know, anger hides secondary emotions. 
But, I don't need to talk about this a lot because my subscribers are not like this, but if you know someone like this, it is best that they learn to channel their anger and disappointment more healthily.  Retirement Mistakes Living In The Philippines

3. Talking Dirty To Women

We've all been here from time to time; let's be honest, we are human and have natural urges, but as a single gentleman living in the Philippines, the adult talk will not work well if you are looking for a high-class woman. There are countless beautiful and intelligent high-class Filipinos, and whether we admit it or not, it is an advantage of living in the Philippines. But those high-class women tend to end up with high-class men.  Retire happy in the Philippines as a foreigner

4. Not Investing At All 

As I have to say, this is not financial advice. Haha, it's always funny to me when YouTubers say this is not financial advice and then go ahead and give financial advice. But what I mean by this point is that this is something that I would do and in my own opinion. Retire happy in the Philippines as a expat.

5. Running Out Of Money 

Running out of money as a foreign retiree in the Philippines is a common worry. Unfortunately, this worry sometimes becomes a reality, but it can be avoided through careful budgeting and a tactical strategy. Should I move to the Philippines?

Private and government retirement funds work differently in certain countries but let's use the example of a regular pension where you receive money each month. in this scenario, saving 20% of your income would be fantastic. Still, naturally, you will have to calculate the right percentage for your lifestyle. 

6.  Getting Involved In A Scam

Common scams include Taxi scams, Romance scams, and investment scams. Retirement in the Philippines


7. Not Being A Peace

Retiring in the Philippines is not going to be perfect. There will always be challenges and requirements, and this sometimes takes careful consideration and planning, but it should never rob you of your joy. 

So if you have an opportunity to sing karaoke in a bar, go for it; if you are invited to go to the mountain at 5 am to see the sunrise, then wake up early. Be at peace with who you are, and don't regret a single day as a retiree in the Philippines. 


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