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ghostrider
Joined: 27 Jun 2011
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 Posted: Sat Aug 16, 2014 10:44 pm Post subject: Best Places For A Mini Retirement? |
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| I met a guy who said he lived in Angeles City, Philippines on $400 a month. That's pretty good. One month's salary in Korea could pay for 6 months of no work. Where else could one take a long vacation for 6 months or so and not spend much? |
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KimchiNinja
Joined: 01 May 2012
Location: Gangnam
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| Posted: Sat Aug 16, 2014 11:02 pm Post subject: |
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On a mini-retirment right now in Seoul. 
I'm surprised so many people in the developed world spend their lives working. I retired at 42, hell on my final year salary alone I could live 30yrs in the Philippines. I say do some travel, enjoy a mini-retirement, work again if you like, or don't.
* Philippines of course, but Angeles is a nasty dump. There are some real pretty places out in the country, people are friendly, and prices are low. Food is crap though.
* China, but not Shanghai/Beijing, somewhere out in the country. Cheap prices the further out you go. Of course they don't have beaches, but food is tasty.
* Vietnam is on my list, but haven't checked it out yet. Seems like it would be similar price wise as the Philippines. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Sun Aug 17, 2014 4:02 am Post subject: Re: Best Places For A Mini Retirement? |
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| ghostrider wrote: |
| I met a guy who said he lived in Angeles City, Philippines on $400 a month. That's pretty good. One month's salary in Korea could pay for 6 months of no work. Where else could one take a long vacation for 6 months or so and not spend much? |
$400/month won't give you much of a life in metro Philippines. It will work if you want the backpacker lifestyle.
It will work out in some of the smaller towns if you don't mind living like a Filipino. (one room, no A/C, no cable TV. etc).
Realistically, a westerner will need about $1000 / month to live comfortably (by western standards) for a mini retirement just about everywhere in the ASEAN block. $800 would be do-able outside of the major metro areas.
IF you have a Pinay wife and have someplace to build a small home then $400 is certainly attainable but will still lack many of the modern conveniences.
Our monthly household budget in the Phils (family of 3 and not in the NCR):
rent = 0 (we own our own home)
electric - $100 (we don't have A/C).
cooking gas - $30/month
satellite TV - $30 (I like to have TV in English)
internet $30
Phone - $30 (2 phones)
Food - $200
transportation - $40 for fuel.
Rents vary widely.
One room studios run about $100/month all over the region (Phils, Cambodia, Laos, Vietnam, Thailand)
Houses in the metro areas run from $300-800 depending on area, size, etc.
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