Family – Page 18 – Rock To Riches

Why OFWs Need To Invest in P.E.R.A. While Abroad

At last, PERA is here! After half a decade of waiting and being a #Paasa to many Filipinos, especially OFWs, the government has finally launched it to help promote long-term investments.

But what is PERA?

PERA is the acronym for PERSONAL EQUITY and RETIREMENT ACCOUNT. This is a voluntary retirement account, which an individual can set up for his/her exclusive use and benefit. It is similar to the 401(K) of the United States of America that serves as a financial instrument for retirement. Continue reading Why OFWs Need To Invest in P.E.R.A. While Abroad

Top 10 Money Tips for OFWs on Christmas Vacation

With Christmas less than two weeks away, more and more of our kababayans are coming home to spend the holidays with their families. After living and working abroad with little to no family with them, returning home for the holidays is a much-awaited homecoming for overseas Filipino workers (OFWs). From balikbayan boxes filled to the brim and nightly reunions, the Christmas holidays is a grand celebrations for OFWs, and an expensive one. Continue reading Top 10 Money Tips for OFWs on Christmas Vacation

Why Many Filipinos Don’t Have Bank Accounts and What They Do During Financial Troubles

Whenever I give a seminar or workshop on personal finance, business and investing, the most common response from the audience to my question as to whether they already have bank accounts is always a big resounding “no”. This kind of response is one of the reasons why financial advocates need to work more to help many Filipinos become more equipped with financial knowledge and use it further to achieve financial freedom.

This infographic from PawnHero shows us the reasons why many Filipinos do not have bank accounts and what they usually do whenever they experience financial problems. Continue reading Why Many Filipinos Don’t Have Bank Accounts and What They Do During Financial Troubles