PinShare75TweetShare75 SharesI received so many messages from people who want to put money away for retirement but are hesitant to invest in the stock market for different reasons. Many simply don’t know how, while others are scared of the stock market’s volatility. Luckily for us Filipinos, the government is implementing programs to help those who want to prepare for retirement. So far, we have the Personal Equity and Retirement Account or PERA, the SSS Flexi Fund for overseas Filipino workers, SSS PESO Fund for all SSS members, and Pag-IBIG MP2. In this article, I will compare two of these government-backed
Pin6Share29TweetShare35 SharesA great way for OFWs to maximize their earnings abroad is through investing. Instead of just putting their money away in a regular bank savings account, OFWs can instead make that money earn more money by investing. But not all investments are created equal. Depending on several factors, one option may be great for you while it is not so for another. In this post, I will share my analyses of common investment options for OFWs. I mentioned in the post How to Build a Strong Financial Foundation As An OFW that you need to be prepared, mentally and financially, even
Pin10Share103TweetShare113 Shares*Updated on June 10, 2021Congratulations! You just got confirmation that your contract has been finalized and you will now get to work overseas! After months, even years of job search and interviewing, not to mention researching and planning, you finally got an offer lucrative enough to entice you to leave the Philippines for greener pastures. Your mind is now filled with visions of a better life. The future looks so much brighter. Somehow, the sun is so much sunnier. You are full of optimism and magnanimity, saying yes to a parent’s request for new home appliances and agreeing to finance
Pin10Share46TweetShare56 SharesMany Pinoy expats, including myself, often fail to maximize government benefits when we start working abroad. We often discount programs in the Philippines thinking that: Since we’re no longer in the Philippines, the benefits will not help us in our new country The benefits are too small compared to our new increased income The benefits are not worth the bother Nothing can be further from the truth. [bctt tweet=”The way I see it, many Philippine government benefits designed for OFWs, when taken all together and with proper planning, can help us achieve our financial goals faster. ” username=”MeKatieScarlett”] Yes, not
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