I had coffee with my friends a few days ago and this was our topic. After all was said, it really boils down to finding where you'll be happiest..
I was operating with the mindset of optimizing opportunities which is why I considered the fact that you get paid more for the same work effort overseas than here.
But it's not all about the money. Yeah sure we probably won't be rich here in the Philippines. But we'd have our basic needs covered and we'd be able to give our future kids good education to help them succeed. Optimal? Probably not. Comfortable? Yes. Happy? Most likely.
In comparison, moving abroad means starting from scratch again and spending a good part of a decade trying to establish yourself in a foreign land. I read more about how it works for doctors taking their residency training abroad and it's arduous, expensive, and lonely for the most part because you'll get sent to far-flung areas that the locals don't want to get sent to.
I realized that my idea of happiness and fulfillment is leading a fairly successful corporate career here, my fiancé being able to set up her own medical practice, and us trying our hand at entrepreneurship somewhere down the road. I'll get to be present at my family and close friends' momentous occasions, and they'll get to be part of our lives as we start our own family later on.
Stuck in the 3rd world? Yeah sure. But if you're happy with it, why not?
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It's hard to stay here and deal with the type of electorate we have, who keep on voting for the same corrupt families over and over again.
Our government will probably not improve and we would have to deal with the usual inefficiency, corruption, incompetence, and downright kabobohan for at least another generation, at least.
And while all this is happening, there is dissonance prevailing everywhere and memories tend to be really short too, hence, we repeat history all over again.
* * *
At some point, all of the above will get to you and impact you and your family's life directly or indirectly. If you're lucky enough to make it to the top 5% before age 50 then good for you, doors will open and you will be insulated from all the flux.
If you honestly take a look at what's around and realize that you won't be part of the 5% in your lifetime, then it's probably far better to go elsewhere. Go to a country where, even if you're not part of the 5%, you still live comfortably enough to seem like it.
That's an awesome suggestion bro. I'll drop by sometime soon, looking forward to picking up a thing or two from your wisdom and experience. [emoji106]
Choosing to stay means accepting the reality that our government sucks and most voters do to. You just have to be shielded from government policy by having enough safety nets of your own.
As you've said, you just have to be in the upper socio economic classes. To be part of SEC AB or the top 1% of households (or the top 200,000 households), you just need a monthly income of about 150k. It's not an exorbitant number but given how majority of Filipinos are poor, it's enough to put you in the upper 1%. I'm sure most people in this forum are part of that 1%.
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What's your point? We were only talking about income percentiles.
Going back to the NSCB FIES survey, factoring in other qualitative indicators, you're considered high-income if:
1) Household income is 200k/month
2) You have 3 or more cars
3) You have 3 or more aircons
4) Household head is a top corporate executive, businessman, or politician
Defining who's rich: How rich is "rich" in the Philippines? - PinoyMoneyTalk.com
This definition of the NSCB is more accurate than the outdated (and terribly subjective) metric of NEDA.
And again, quite a lot of people in this forum qualify for the high-income indicators stated above.
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Last edited by jut703; November 19th, 2018 at 09:30 PM.
Ah basta ako C lang. Pero happy pa din ako.
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Fasten your seatbelt! Or else...Driven To Thrill!
I am in a wierd situation. Im happy here in the Philippines and have no intention of leaving. Work and finances are good, all my friends are here, family is here and i have found myself in a nice comfort zone.
But...i want my kids to work abroad and live abroad. If that means being an empty nester earlier than normal, then so be it. The politics of patronage, dynasties and 3rd world compensation is not the environment I would want to see them operating in. I was lucky to be where i am today, but i dont want them to rely on luck. Hard work should be the only ticket needed.
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i might try the expat life eventually. i've been to most asian countries and many US states. taiwan seems like an interesting place. relatively low cost of living. friendly people. short plane ride to/from PH
For me, my choice of career does not pay as much here as it does abroad. And i’m already almost 40 so its too late to switch careers.
My major reasons for Moving Abroad again are Peace & Order & Healthcare. Something i dont see inproving in the next 20-30 years.
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As a parent we want what's best for our children, but sometimes what we want is not necessarily good for our children. Let our kids decide for themselves. The best thing we can do for them is to support them, e.g. provide them the best education, help them to become resilient and think for themselves, support their aspirations unconditionally. If they want to stay here in PH, let them be. If they want to challenge themselves and pursue a better life elsewhere (which is what we want for our kids) , give them all the support.
Same sentiments. I wish I had the guts back then when I was younger. It gets harder when you reach 40 and you have a family to feed. Migrating to another country is a huge challenge. I admire those who have the guts to delay the present but short gratification for a better life elsewhere. No regrets though for deciding to stay here in PH, but for those who want to pursue a better life outside this country, that is definitely a good choice. PH will always be among those countries at high risk of instability, no matter what we do. Natural disasters (this is a huge factor), political uncertainty, the odds will always stack up against this country. Don't get me wrong. I love my country and I prefer to live here until the very last breath, but the reality is that there are many factors that will make it difficult for this country to become like Singapore, or even surpass the quality of life at Malaysia or Thailand.
Kung saan ka masaya is not enough. Even those below the poverty line will say that just to pat themselves at the back and convince themselves that life is good.