Really Live Like a King

[robert k]

5 hours ago, Sander Martin said:

That's exactly what happens here. To meny one day milioneirs! I have never seen so meny pawn shops in my life! It must be good business if there are so meny open.

I think most pawnshops deal with the remittance business which gives them a good return on investment. I don't recall ever seeing them selling forfeited merchandise.

[Jollygoodfellow]

On 7/6/2016 at 2:33 AM, robert k said:

I know people who borrow money so they can take a better vacation. Anyone else know someone like that?

To be honest I am seriously thinking of doing that as some things are not working out for me and to be able to do what I really need to do then that might be the only option. I dont consider it a foolhardy thing to do in my situation but others might but it depends on one's personal situation. I haven't seen my wife in 5 years and haven't even met our adopted little boy (long story) so if borrowing money is the only way I can do it then I will but of course that might be easier said than done. 

[sonjack2847]

1 hour ago, robert k said:

I think most pawnshops deal with the remittance business which gives them a good return on investment. I don't recall ever seeing them selling forfeited merchandise.

I`ve seen them have a sale now and again. I have not been to a sale so I don`t know what they sell the stuff for.

[Sander Martin]

7 hours ago, robert k said:

I think most pawnshops deal with the remittance business which gives them a good return on investment. I don't recall ever seeing them selling forfeited merchandise.

Most of them are so small that they couldn't have any merchandise on display. Maybe they have bigger shops where the forfeited stuff gets sold... Every one of them that i have walked past has had ad's for lending money and the rates..

The people being one day milioneirs came from my Filipino family/friends. Apparently it's really popular here to buy things you dont need and pawn them the next day/week for food money.

Edited July 8, 2016 by Sander Martin

[mogo51]

When we were last in Phils, went looking for some jewellery at Pawn Shops, only to find most had none for sale.

[robert k]

5 hours ago, Jollygoodfellow said:

To be honest I am seriously thinking of doing that as some things are not working out for me and to be able to do what I really need to do then that might be the only option. I dont consider it a foolhardy thing to do in my situation but others might but it depends on one's personal situation. I haven't seen my wife in 5 years and haven't even met our adopted little boy (long story) so if borrowing money is the only way I can do it then I will but of course that might be easier said than done. 

Sounds like more than a vacation to me, more like a necessity.

[Old55]

6 hours ago, Jollygoodfellow said:

To be honest I am seriously thinking of doing that as some things are not working out for me and to be able to do what I really need to do then that might be the only option. I dont consider it a foolhardy thing to do in my situation but others might but it depends on one's personal situation. I haven't seen my wife in 5 years and haven't even met our adopted little boy (long story) so if borrowing money is the only way I can do it then I will but of course that might be easier said than done. 

If you have a plan to pay it back then using credit cards to provide for a vacation is reasonable. We budget for each trip the use cash for airline tickets cards and cash for expenses in Philippines. Having a budget makes it less painless to repay the cards on return.

[Jollygoodfellow]

17 hours ago, robert k said:

Sounds like more than a vacation to me, more like a necessity.

Yes you're absolutely right  

[madtownguy]

Maybe living comfortably in Philippines standards for $1000 a month.  I haven't seen anything that would suggest I could live like I do now in the U.S. for $1000 a month.  I could easily make that kind of money in Philippines working on the internet, but even jobs at $2000 a month don't seem like something I could pull off before retirement.  I'd love to feel confident about making it on $1000/month in the Philippines.  I would think the AC bill alone would take up a good chunk of that money.  I haven't learned yet how different areas change pricing that's what I hope to find out.  I'd love to live in Makati but then $4000 a month might not be enough.

[scott h]

7 hours ago, madtownguy said:

I would think the AC bill alone would take up a good chunk of that money.

Just or a comparison Madtown. We use a lot of AC and TV's etc. here in Metro Manila, and even when electricity prices spiked a while back I have never paid more than 7000 pesos. (175 USD). Now this isn't meant as gospel but just to give you a point of reference.