In spite of the many challenges of working abroad like suffering from loneliness and racial discrimination, our modern-day heroes choose to look for greener pastures miles away from home in order to protect their family’s future and provide for their daily needs. Being an Overseas Filipino Worker gives our kababayans an opportunity to earn substantial income to support their loved ones and send their children to school. But eventually, their days as an OFW will come to an end. And when (or even before) that happens, it’s best to become debt-free and financially secure. That way, they could live the life they worked hard for while comfortably retiring with their family at home. One of the ways is securing an OFW investment that will significantly contribute to income sustainability and growth.
OFW Investment Opportunities You Should Take this 2022
This 2022, there are a lot of great avenues for OFWs to look forward to. Below are some of the useful investment tips and opportunities for OFWs:
1. Educate yourself about different OFW investment opportunities.
Talking about OFW investments can be intimidating for some people. But it doesn’t have to be that way. Why not build your knowledge and understanding about money and finances by attending webinars or forums for OFWs, reading OFW investment books, listening to podcasts, and consulting your trusted financial advisor for insights.
2. Consider starting a small business
Think of viable business ideas that can become a sustainable source of income for your family at home. Some businesses can be run online nowadays so you can work on the necessary tasks even while you’re abroad, or you can also consider assigning the management/operations of the business to your trustworthy and competent family member. It can be an eatery and sari-sari store for your parents who cook awesome dishes, an Internet cafe for your techie brother, or an online bakeshop for your sister who makes delicious pastries. Franchising (e.g. food carts) is also a tried and tested way to grow your money.
3. Manage your money well
As an OFW, it helps to set realistic goals and communicate them with your family. This will let you avoid overspending on the things that you don’t really need. Sure it can be tempting to spoil your loved ones with lavish parties, outings, and gifts that provide instant gratification, but it’s wiser to prioritize the things that truly matter. Make sure to set aside a part of your earnings for your own savings account, life & health insurance, and OFW investments. Have an emergency fund (most experts recommend saving three to six months of expenses) as your financial buffer in times of crisis and unexpected spending like medical bills. Follow your budget plan religiously.
4. Invest in new skills
Investment is not all about money; you can also start investing in your own skills. Look for available programs that offer entrepreneurship opportunities and skills training provided by government agencies like the Technical Education and Skills Development Authority (TESDA), Department of Labor and Employment (DOLE), and Department of Trade and Industry (DTI). Improve your skills or learn new ones through short-term courses, seminars, and workshops. Examples of these are photography, dressmaking, baking, driving, and bartending. That way, you can continuously improve yourself, monetize those skills, and discover more opportunities.
5. Know your options
You’ll never run out of options on where to invest your hard-earned money. These involve different levels of risks so always do your research and learn the basic concepts first before making financial choices to avoid scams. And of course, don’t put all your eggs in one basket. As an OFW, you can choose to invest in stocks, mutual funds, UITFs (Unit Investment Trust Funds), crowdfunding, and bonds. Another popular investment option for our modern-day heroes is real estate. Many OFWs dream of owning a property that they can pass down to their children, a lovely vacation home, or a place where they can retire and make new memories with their family. It can also help OFWs generate passive income. They can buy properties like apartments, houses, or condominium units to rent out to tenants or resell for a profit.
The Best Island of the World Offers a Great OFW Investment
After years of sacrifice abroad, OFWs like you deserve to have a place that you can proudly call your own—a tangible reminder of your hardwork. The breathtaking paradise of Palawan is indeed a fitting location for your new home, where you can find a much-needed respite and relaxation away from the hustle and bustle of the metro.
Imagine living your dream island life in a tropical utopia filled with beautiful beaches and other hidden gems. If you’re looking for a resort-themed condo in the Philippines, check out Camella Manors Verdant, where living a blend of island and city life is made possible.
The Verdant, a ready for occupancy condo in Palawan, is the newest affordable mid-rise condominium developed by Vista Land which is strategically located along Gabinete Road, Brgy. Bancao-Bancao, Puerto Princesa City.
Explore what Puerto Princesa City—the gateway to other holiday destinations like El Nido and Coron. It has something to offer while making the most of your condo living perks. Furthermore, it offers a premium access to the commercial, business, and education hubs in the city.
Camella Manors Verdant – Condo in Puerto Princesa, Palawan
Enjoy the lifestyle amenities of this RFO condo in Palawan with your loved ones: swimming pool, kiddie pool, fitness gym, club house, play park, and commercial area. The Verdant also has security features like CCTV cameras 24/7 and electric perimeter fence. These assets will ensure the condo dwellers’ safety and peace of mind.
The 5,075-sq.m. project has two residential towers with seven storeys each. It houses a total of 532 units for both buildings. Each building has studio or 1-bedroom and 2-bedroom units. A picturesque view of the island can be seen from the balcony.
The Verdant, the first condominium village in Palawan, is just 10 minutes away from the Puerto Princesa International Airport and the Port of Puerto Princesa. Going to beaches, hospitals, schools, malls, lifestyle centers, and other major locations is a breeze. The ongoing infrastructure developments in the area will possibly increase business and commercial engagements in the city.
For more inquiries and information about the property, please visit the official website of Camella Manors. Come home to The Verdant now!