Retired in the Philippines on a Budget and Why some Expats Fail

Retired in the Philippines on a Budget /Why some Expats Fail‪@paulinthephilippinesolddog9234‬

Are you considering moving to the Philippines as an expat? In this eye-opening video, a real guy reveals the number one reason why expats often fail in the Philippines. Learn from his personal experience and insights to avoid making the same mistakes. Don't miss out on this candid discussion that spills the tea on expat life in the Philippines!

Key points

📝 High attrition rate: 30-40% of retirees who move abroad end up returning home.

📊 Reasons for return: Dislike of the new environment, medical conditions, family or business crises, and financial mismanagement.

💡 Financial mismanagement: Many retirees fail due to poor handling of their finances.

🔍 Impulse control: The lack of impulse control is identified as a major issue, affecting decisions in various aspects of life.

💬 Crisis of masculinity: The video links the lack of impulse control to a broader cultural issue, where men feel a lack of purpose and direction.

📉 Emotional vs. logical decisions: Emotional decisions often lead to poor outcomes, while logical decisions are more beneficial.

🌐 Impact on expats: Expats face new challenges and temptations, leading to impulsive actions.

🛑 Importance of slowing down: The speaker advises new expats to take their time and make considered decisions.

💬 Personal experiences: The speaker shares his own experiences and observations of others to illustrate the points.

📚 Learning from mistakes: Emphasizes the importance of self-evaluation and learning from past mistakes to avoid future problems.
Summary

High failure rate: About 30-40% of retirees who move abroad end up returning home due to various reasons.

Common reasons for return: Retirees return because they dislike the new environment, face medical issues, or have family or business crises.

Financial issues: A significant number of retirees fail due to poor financial management.

Impulse control: The lack of impulse control is a major factor contributing to financial mismanagement among retirees.

Cultural factors: A broader cultural issue of declining masculinity and lack of purpose among men is linked to impulse control problems.

Making decisions: Emphasizes the importance of making logical rather than emotional decisions to ensure better outcomes.

Challenges for expats: Expats face new challenges and temptations that can lead to impulsive actions and poor decisions.

Advice to new expats: The speaker advises new expats to take their time, slow down, and make considered decisions.

Personal stories: The speaker shares his own experiences and observations of others to illustrate the issues discussed.

Learning and self-evaluation: Stresses the importance of self-evaluation and learning from past mistakes to avoid future problems.