How To Retire To The Philippines – Here’s The Complete Guide

If you’re finding it more and more impossible to live in your own country, you might want to try living in the Philippines, where it’s possible to live on $1,000 per month. So, it can’t be emphasized enough that the Philippines is a good place to live for people who want to drastically reduce their cost of living.

However, living in the Philippines is not for everyone.

It’s a tropical country where the prospects of landing a good job are limited to major cities like Cebu and Manila, and even then the salaries are only a fraction of the salaries in the West. So, unless if you have a steady source of income elsewhere like your pension, your investment portfolio or an Internet-based business, you shouldn’t live in the Philippines.

The Philippines is also a good place to live in for older men who are seriously looking for life partners, or men who are married to Filipina women and are about to (or want to) retire.

According to the US Department of State, there are currently over 250,000 US citizens living in the Philippines (as of October 2007), with majority of them based either in Manila or Cebu.

One of these Americans is Rusty Ferguson.

Rusty with his Filipina girlfriend

Rusty is an Internet Marketer who lives in Bogo, Philippines. He has written a definite guide (updated ten times to date) simply called the “Basic Expat Training Manual: Moving To The Philippines” for people who want to become an expatriate on this side of Pacific paradise.

From getting a visa to keeping your US address even when your real address is in the Philippines, he shares everything with would-be expatriates. Heck, he even shares tips on how to flirt with local Filipina women, which really isn’t an easy thing to do.

If you get his guidebook now you can get his telephone number in the Philippines so you can get in touch with him as soon as you’re in the Philippines.

Get his guidebook now. 

Retire To the Philippines And How To Make Money There

If you’re wondering what could possibly be your source of income when you’re in the Philippines, we recommend that you do business (I think wherever you go, the businessman always wins). But we’re not talking of just any business. What you want to be going is a business that’s already proven to work and offers high profits.

If you plan on living in Cebu, we recommend that you try an outsourcing business like a call center for, medical transcription business for US hospitals, or a content creation business for website owners and Internet-based companies all over the world.

In 2008, Cebu City was ranked number one among the 50 emerging “global outsourcing cities” around the world by Tholons, a global services and investment advisory magazine. It was followed by Shanghai (second), Beijing (third) and Ho Chi Minh (fourth).

There are around 22 call center companies and 36 non-call center companies operating in Cebu.
What makes Cebu attractive is that there is a ready pool of trainable English-speaking people, and the infrastructure is not at all that bad. There are many buildings, some of which you can find in IT park in Lahug, Cebu City, that cater to call center operations. Other places in the Philippines that are conducive for outsource operations include Pasig, Quezon, and Mandaluyong (all in Metro Manila).

So, if you’re up for living in the Philippines but don’t know what would be your source of income, try looking into call center and other outsourcing operations.

Other than that, however, you can also look into doing Internet marketing from Cebu. Yes, there are many freelance writers as well as IT programmers in Cebu that you can organize into content teams to grow your online business.

I must say that living in Cebu is good if you have the money to support yourself. Life is relatively comfortable on $1,000 per month. However, if you don’t have this kind of income, you can always get it by doing business in Cebu.

Know more about moving to the Philippines through Expat Guide here.  

source: http://globalnation.inquirer.net/cebudailynews/enterprise/view/20081021-167633/Cebu-is-top-BPO-site-study