When a fellow investment advocate urged me to start an online movement to teach overseas Filipino workers on investing, entrepreneurship, and personal finance, I began to realize that this must be the reason why this time around God wanted me back here in Saudi Arabia.
Let me go back in time.
Continue reading An OFW Must Learn and Invest to Achieve Financial Independence
No, it’s not the latest gun model from UDMC or Armscor (Armscor and UDMC are local gun manufacturers, just to let you know). While we continue to support a gunless society, I still believe that guns are “necessary” to protect the people and secure the nation while moving forward to prosperity. Guns should only be possessed by responsible and authorized persons like policemen and soldiers.
Going back to Semi-Automatic S/I 1000, I’m actually referring to a semi-automatic habit of Saving and Investing. Thus the symbol or acronym S/I. And 1000, well, refers to the minimum amount that I’m actually “loading” in to that S/I program on a monthly basis which is Php1,000. Through money-cost averaging, your money will reap higher returns in the long run. With these programs, your hard-earned money will grow more than just leaving them in your drawers, vaults, or savings accounts.
Every end of the month I send money back home for our tithes, to fund my investment portfolio, and a few more bucks for my mother’s monthly needs. Call it routine for many Filipinos like me who’s based and working abroad.
It’s common to see kababayans lining up the banks and remittance centers during the last week and first days of the month. As you know, salaries abroad are given mostly on a monthly basis unlike in the Philippines where many companies pay their employees twice a month.
In fact, there are lots of heartbreaking stories you will hear from fellow Filipinos while waiting in line to send money. These are a few of them:
Continue reading What Hurts You Can Make You Move (OFW Stories)