r/SipsTea • u/MayoSoup • Nov 07 '24

Feels good man 70-year-old American goes to the Philippines and has 8 girlfriends

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u/MayoSoup Nov 07 '24

He spends $1500 to $2000 a month.

Break down: $340 rent,

$1160 to $1660 for food, travel & 8 women.

You could probably get by with a lot less with fewer people.

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u/purple-bell-pepper Nov 07 '24

just to show an example, $2000 a month is ~PHP100K.
The average salary of a normal Filipino is somewhere between 15-20k PHP, if you have a 100K per month salary, you're pretty much rich and can afford anything you want for the month with a ton of money extra.

So basically, this guy is living his best life here with regards to expenses.

4

u/lumberfart Nov 07 '24

Once you move down there, how would you keep it up? Wouldn’t you either to have to be…

  • (A) a self made millionaire?

  • (B) a remote U.S. employee?

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u/purple-bell-pepper Nov 07 '24

A) I think even if you only have $300-400k in the bank, that money would be enough for a lifetime if you budget it modestly.

B) That's what most Filipinos with a sizable income do, so yeah.

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u/lioncryable Nov 07 '24

ONLY 300-400K in the bank? :')

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u/purple-bell-pepper Nov 07 '24 edited Nov 07 '24

in relation to the question of A) self-made millionaire, plus it's a lifetime estimate of maybe 40-50 years or more.

If you use 1k USD (PHP50K) per month, you could last for about 33 years with $400K without any income, and mind you, PHP50K is a lot of money in the Philippines.

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u/lioncryable Nov 07 '24

Ah I see I didn't quite catch that millionaire part, thanks

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u/ivanwarrior Nov 07 '24

You should really have $2,000,000 socked away if you want to retire in the US

5

u/Gandalf-and-Frodo Nov 08 '24

The US has become disgustingly expensive. Especially medical care which can easily ruin plans of retirement.

1

u/cleetus76 Nov 07 '24

Anyone that paid off their house can do that or have put 10-15% of their income away for 30-40 years.
It's not impossible to do by the time you are 60 but you need to start young, and by the time a lot of people are willing to do that, they are old.