More and more Filipinos these days are searching for the greener pastures to provide the needs and comfort of their families. Some of them were able to save up for their families while there also others who invested their money into buying a new house, a new car, and also in having their own business.
But no all Overseas Filipino Workers (OFW) become successful from working abroad. Even if they worked hard for several years, they usually go back home with little to no savings. When their money runs out, they find themselves in the similar situation they were before and decide to go back overseas again.
If you are an OFW and you are planning to work overseas, this should not be the case for you. With hard work, discipline, and determination, you can achieve your goal. Here are some tips on how you can succeed as an OFW.
Set Clear Goals
Before you go out of the country to work, set clear goals for you and your family. What do you want to achieve? You can start a business after two years or build your dream house in five years. These goals can be your motivation in working abroad.
Consider the Cost
We already heard the stories of people selling their farms, their houses, and getting a bank loan with huge interests just to work abroad. Working overseas can cost you but that does not mean you should lose your properties.
Pay Yourself First
Make it a point to always pay yourself first and save a portion of what you are earning overseas. These savings can be your emergency funds in case something happens. You can also use it to buy properties for your family or to invest it in a business.
Since you are planning to invest, make sure to think carefully before anything else. Starting a business, buying your own house, and your dream car needs careful planning. You don’t want your savings to go to waste. Invest in something that has lasting value.
Educate Your Family About Money
Let’s face it: a lot of people, including your family, thinks that as an OFW, you can make money easily. As a result, they tend to spend the remittances as if there is no tomorrow. When you are saving up for yourself, your family should do the same. Don’t be hesitant to tell your family to spend the remittances wisely and save up.
- Former OFW Who Experienced Hardship Because of a Fellow Filipino Received Unexpected Blessings
- Ex-OFW and Now a Businessman Tells Other OFWs to Plan Their Return and Their Future