Jenny Alano
Some people may be too scared when they are asked to put their money to proper use. The fear of being scammed due to the many companies that have taken away huge amounts of money from others may have been the primary reason of failing to invest. It is safe to say though, that investing money is the best way that could help secure the future of any individual. The only thing that one should be aware of is to know whom to trust especially when seeking advise on financial literacy.
The Common OFW Scenario
Our OFW’s are the common target of some businesses today because they know that the money they send to their families are much higher than what they would earn if they would have worked in the Philippines. It is truly a sad fact on how some Filipinos opted to serve other people from other countries instead of providing their service to their motherland.
But what can they do if there is not enough job for them or the mismatched skills have also become one of the causes?
An OFW, whose thoughts are focused in providing a better future for their family would sacrifice being away from their loved ones. And to be away for so many years means is a tough struggle both financially and psychologically.
But there is one great solution that most OFWs overlooked- and that is the possibility of letting their families know how to lessen the burden and helping them look toward the road of financial literacy.
You have heard stories of how some OFWs would finally come home and stay for good, only to realize that after so many years of working abroad, they are left with nothing because of them not being able to manage their financials properly. Investment is the key to secure the future. It does not only mean having to set a certain amount to be placed in stocks because there are other means of investing such as purchasing properties or putting up a business.
Road to Financial Security
There is an enormous number of money making opportunities which they have yet to discover. The good thing about the businesses now is that you have so many options on which type of business you can venture into. Just merely thinking of the most profitable form of business would make one realize that they may truly no longer need to work abroad for years to come.
Either you start from scratch or seek assistance from franchise consultants who can be of help in guiding you with the step by step procedure on how you can grow your own business without having to undergo such terrible times such as in starting up on your own.
OFW’s and retirees should no longer fear becoming penniless. The goal is in their hands. All they need is to be careful in choosing the kind of business and to only talk with people who has a good reputation with the kind of business that they are interested to start with.
Families of OFWs Should Work Together
One lesson that the families of OFWs should learn is to help their loved ones realize the value of money. Some members of the family may think that working abroad means an endless pit of money. But have they thought of the health of their loved ones abroad? Families of OFWs need to take part in saving up for the future of their whole family from the time they work abroad, especially in the Middle East which may not be as secure as before due to some company closures.
If they feel that they do not have enough money to start with a business, there are financial institutions which can help them. Raising the amount of money to put up a business should be part of their plan in creating a better future. With such mindset, there should be no more struggling. And the option to work abroad may become obsolete if they can learn to properly manage their finances.
