Archive for February 2nd, 2009
Affordable Retirement Options
The poorer countries of the world are attractive to many looking for an affordable place to call home. Somewhere that their retirement dollar will stretch to provide them with a decent standard of living, close to what they were used to back home when they were making a regular living. Sadly the burgeoning baby boomer retiree population is finding life in the First World a tad too expensive on what is left of their 401Ks, superannuation, pensions and what not.
So their attention turns to the third world where they can get more bang for their buck. The cost of living has risen in the Philippines just as it has everywhere else in the world. Risen sharply in many ways. I wonder how the average Filipino family manages, but then they have managed for generation after generation, so why should the current fiscal situation be any different?
If you want to live like a white rajah, then expect to pay for it! If you are happy living on a basic diet of dried fish and rice then you can get by on very little indeed. For most of us, though, we need to tread he middle path. You can live on US$500 a month in the provinces but it will be like camping in many respects. Forget airconditioning, driving your own car and going out to dinner all the time. This is you and the Filipina of your choice living in a small, rented house or apartment, shopping mostly at the local market and rarely buying supermarket items. You don’t travel around, you might have cable TV or internet access but not both and you don’t call home very often.
For US$1000 a month you get to enjoy some imported foods, turn on the airconditioning, drive a small, used car and go out a few times every month. For US$1500 you can live pretty much wherever you want to and live well and for US$2000 a month I’d say you can live in Manila and live well. Nice apartment, domestic helper, good food, lots of entertainment, everything you want.
How much do you live on now? How well do you live on that? How would you like to live in the Philippines?
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