The Stupid ish Foreigners Do In The Philippines - Sunshine Shoulders Hall of Fame
TLDRIn this video, Calvin from Sunshine Shoulders shares cautionary tales of foreigners in the Philippines making costly financial mistakes. He recounts stories of unnecessary spending, like renovating rented properties and extravagant living expenses, to illustrate the pitfalls of not understanding local cost standards. Calvin's aim is to educate and warn new expats about the financial wisdom needed when living abroad, emphasizing the importance of not overspending and being mindful of one's financial decisions.
Takeaways
- 🏠 Don't spend large sums of money on renovating a rented property, as it's financially unwise and can lead to significant losses.
- 💍 Spending extravagant amounts on engagement rings, especially within a short period of being in the Philippines, can be risky and is generally not advised.
- 💸 Be cautious with large expenditures, such as buying land for someone you've never met, as it can result in financial loss if the person disappears.
- 🛌 High monthly costs for accommodations, like spending 100,000 pesos on a condo, are unnecessary and can be avoided with more budget-conscious options.
- 🤝 Meeting someone for the first time in the Philippines and spending excessively on their family or friends can lead to financial strain and is not recommended.
- 🚗 Avoid making large, non-refundable down payments on items like vehicles if you're unsure about your long-term plans in the country.
- 👫 Couples looking to buy land should be cautious and ensure they follow through with the purchase after conducting surveys to avoid wasting money.
- 💰 Be mindful of your spending and avoid making impulsive financial decisions that could lead to bankruptcy or significant financial distress.
- 🌐 The video aims to educate and warn viewers about the potential pitfalls of financial decisions made while in the Philippines, especially for newcomers.
- 🤔 The stories shared serve as cautionary tales to encourage viewers to think twice before making hasty financial commitments in a foreign country.
- 👋 The channel host emphasizes the importance of helping others, suggesting that small acts of kindness can make a difference in people's lives.
Q & A
What is the main theme of Calvin's video?
-The main theme of Calvin's video is to share stories of foreigners making financially unwise decisions in the Philippines, aiming to provide lessons to avoid similar mistakes.
Why did Calvin create a 'Hall of Fame' or 'Hall of Shame'?
-Calvin created it to highlight real stories of people who made poor financial choices, hoping that others can learn from these experiences.
What is the first story Calvin shares about someone spending $10,000 on a renovation?
-The first story is about a man who spent $10,000 renovating a house he was renting in St. Caros City, which Calvin considers a financially foolish decision.
What is the significance of mentioning the American who spent 1 million pesos on a renovation?
-It emphasizes the point that spending large sums on renovating a rented property is a common yet unwise financial decision made by foreigners in the Philippines.
Why did the man from New Jersey fly to the Philippines and only stay for one day?
-He flew to meet a young lady but ended up leaving after just one day, which Calvin considers a waste of time and resources.
What was the couple's mistake when looking for land to buy?
-The couple paid for a land survey but did not end up buying the land, resulting in a wasted expense of 10,000 pesos.
What is the issue with the Canadian man's spending on a condo?
-The Canadian man was spending 100,000 pesos per month for a condo, which is excessively high considering the local cost of living.
Why did the man who spent $30,000 on his two-month stay in the Philippines end up in Calvin's 'Hall of Fame'?
-He spent extravagantly on accommodations and gifts, without considering the local cost of living and the potential for more economical choices.
What was the man's mistake when he bought an engagement ring on his first day in the Philippines?
-He spent 125,000 pesos on an engagement ring for a woman he had not even met in person, which is considered overly hasty and financially imprudent.
What happened to the three people who bought land for a woman they had never met?
-They each spent over a million pesos on land for women who they had not met, only for the women to sell the land and disappear, resulting in a total loss of their investment.
What was the final story Calvin shared about the man who bought an expensive truck?
-The man bought a truck for two and a half million pesos, put down a 500,000 peso down payment, and then moved out of the country, essentially giving away his money.
Outlines
🏠 'Hall of Fame/Hall of Shame' for Foreigners' Spending Mistakes
Calvin introduces his channel and the concept of a 'Hall of Fame/Hall of Shame' where he shares true and verifiable stories of foreigners making poor financial decisions in the Philippines. The first story involves a man who spent $10,000 renovating a rented house in St. Caros City, while another spent 1 million pesos on a similar situation. The narrative emphasizes the importance of learning from these mistakes, especially for newcomers, and highlights the theme of spending money unwisely on rented properties.
🤑 Extravagant Spending and Hastily Made Decisions
This paragraph details accounts of foreigners spending excessively on accommodations and engagements in the Philippines. One Canadian spent 100,000 pesos monthly on a condo, often unoccupied, while another tourist spent 30,000 pesos a night on hotel rooms for his date and her sisters. The summary underscores the theme of foreigners overspending and making hasty decisions without considering the local cost of living, leading to financial waste.
💍 Foolish Investments and Lost Opportunities
The third paragraph recounts stories of foreigners making imprudent investments in relationships and property, such as spending over a million pesos on land for a woman they never met, or purchasing an engagement ring within days of arrival. The summary points out the recklessness of these actions and the potential for significant financial loss, urging viewers to be cautious with their spending and investments in unfamiliar environments.
🚜 Unnecessary Expenditures and the Cost of Vanity
In the final paragraph, Calvin shares a story of a friend who purchased an expensive truck in the Philippines, only to leave the country and abandon it. The summary reflects on the theme of unnecessary expenditures driven by vanity or impulse, and the potential long-term financial consequences of such actions. It concludes with a reminder to viewers to be mindful of their spending and to seek help when making significant financial decisions abroad.
🤝 Acts of Kindness and Community Support
Calvin concludes the script with a call to action for viewers to engage in acts of kindness and support for others, whether it's buying a meal for someone in need or offering financial assistance. The summary emphasizes the importance of community and helping others as a means of self-help, encouraging viewers to contribute positively to society.
Mindmap
Keywords
💡Hall of Fame
💡Renovate
💡Renting
💡Money
💡Engagement Ring
💡Survey
💡Condominium
💡Truck
💡Foreigners
💡Lesson
💡Waste
Highlights
Introduction of the 'Hall of Fame' or 'Hall of Shame' showcasing true stories of foreigners' financial missteps in the Philippines.
Story of a man spending $10,000 to renovate a rented house in St. Carlos City.
Mention of an American spending 1 million pesos on renovating a rented house in Luzan.
Narrative of a man from New Jersey who flew to the Philippines for a day to meet a woman and then returned.
Couple's story of paying 10,000 pesos for a land survey they didn't end up buying.
Account of a Canadian spending 100,000 pesos per month on a condo and not using it fully.
Incident of a man giving 8,000 pesos to a security guard for arranging a woman's company.
Story of a man spending $30,000 during his two-month stay in the Philippines, including on accommodations and gifts.
Warning against spending excessively on engagement rings, illustrated by a man who spent 125,000 pesos on one.
Three individuals known to have bought land for women they never met, only for the women to sell it afterwards.
A friend's story of purchasing an expensive truck and leaving the country, forfeiting the down payment.
Emphasis on the importance of not spending foolishly on property renovations or other investments in the Philippines.
Advice for viewers in America to help those in need before going to bed, like buying food or drinks for strangers.
Encouragement for viewers in the Philippines to assist others during the day as a way of helping oneself.
Closing remarks urging viewers to learn from the shared stories and to spend money wisely.
Transcripts
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