LifeBeyondTheSea - Philippines Podcast

Taking a 3-week vacation in another country does not make you an immigrant. But it does make you an expat.

3 days ago | [YT] | 37

LifeBeyondTheSea - Philippines Podcast

'Saving' is a losing strategy..
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@johncarlson6472 • 1 hour ago
While many folks poopoo saving, it helps to remember the past. When WWII hit and the Gov needed $$$ to fund the war, where did they get the the money? The Citizens. That's right. The Gov knew that after the Great Depression, everyone saved. EVERYONE...and sold them war bonds. Following the great market crash, citizens learned the hard way it was important to not go "all-in" on risk investing and have a healthy liquid savings as well...and saw the small loss against inflation they were taking as a "risk premium" thety paid for preace of mind. So while that measley 4% one gets on savings may not completely offset inflation, having that savings when that big, fat, black swan flies overhead and takes it's inevitable steaming dump on the markets and other risk-on asset classes, you'll be glad you had that risk-free liquidity to ride out the storm and snatch up the deals.
.

@Lifebeyondthesea
what has changed from then to now is that Obama passed into law legislation (the Dodd-Frank Act) that now allows banks to do a Bail In (not a bail out). many people don't know this.

with a bailout, the usa govt saved the banks in the past from the banks mismanagement of funds. however, with a Bail In... the banks saves itself by forcefully taking a percentage of depositor's money, and gives them essentially worthless stocks in the same mismanaged bank.

so, having a big savings balance ends up getting raided by the same bank you're trusting to keep it safe.

and this is aside from the fact that the rate of inflation is higher than the interest rate on a savings account. which means as time moves forward, that savings balance is losing purchasing power.

www.investopedia.com/articles/markets-economy/0907…

4 days ago | [YT] | 33

LifeBeyondTheSea - Philippines Podcast

Landing at Cebu rather than Manila..
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@AdamG20x • 2 hours ago
I saw your video on skip over Manila and land in Cebu was wondering what airline are you taking that has a direct flight, the only flights I can find stop in Manila.
.

@Lifebeyondthesea
i don't know of any direct flights from the usa to ph that land in Cebu. (maybe someone knows of one.)

personally, i don't like long direct flights. i love the 4-hour layover so i can eat, walk, maybe get a shower and arrive in the PH four-hours later ready to rock 'n roll.

EVA has a route via Taipei that i like. Qatar has a route to Cebu also, but it goes the long way, stopping at Doha making for a 21-hour door to door marathon. Korean Air may have reinstated their route via Incheon, which is one of my favorites ways to arrive at Cebu.

4 days ago | [YT] | 36

LifeBeyondTheSea - Philippines Podcast

Be generous, but set boundaries.

6 days ago | [YT] | 47

LifeBeyondTheSea - Philippines Podcast

Do you have what it takes to be a full-time expat?
https://youtu.be/Vj7_ZYKTmiU
#philippines #passportbros #retirement #lifeabroad

1 week ago | [YT] | 9

LifeBeyondTheSea - Philippines Podcast

Keep the first-dates simple to see if she's interested in you.. not what you can give her.
youtube.com/shorts/KeOjioPRLu...
#philippines #dating #passportbros

1 week ago | [YT] | 9

LifeBeyondTheSea - Philippines Podcast

Being a digital nomad in Cebu City, Philippines..
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@riderpaul
I'm a digital nomad. What should my first stop be? I need good Internet, cheap rent and cafe's or places I can work from.

@Lifebeyondthesea
check out IT Park area, in Cebu city. a variety of rent prices there, and because of the nearby call-center businesses, good internet.
maps.app.goo.gl/i99iGthLGvSav1tL6

also consider 88th Ave apartments.. it's not as centrally located as it-park, but seems to be popular with digital nomads.
maps.app.goo.gl/xVpXAUP9ALo8j2Um8

1 week ago | [YT] | 41

LifeBeyondTheSea - Philippines Podcast

What I learned over the years from buying/selling properties and as a licensed Realtor;

** never trust a seller who is in a rush to sell.
** there is always another property for sale.
** if you don't like the terms, walk away.

ironically enough, the same applies to relationships.

https://www.youtube.com/watch?v=g25Pe...
#philippines #dating #relationships

2 weeks ago (edited) | [YT] | 22

LifeBeyondTheSea - Philippines Podcast

Some guys never learn.

3 weeks ago | [YT] | 50

LifeBeyondTheSea - Philippines Podcast

Get married??... or stay single?
https://youtu.be/t0RpfIOPKqk
#philippines #passportbros #retirement

3 weeks ago | [YT] | 20