5 Investment Lessons from OFWs-Turned- Entrepreneurs

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No one wants to be an OFW forever. Money can never take back the lost opportunities to be with your loved ones, see your kids grow, and attend milestone family events like birthdays, weddings, and anniversaries. These are enough reasons to dream of, one day, returning home for good. For OFWs, it’s a powerful motivation to save and invest in a business that will provide a sustainable source of income without flying away. As a modern day hero, you know you deserve better. So, begin dreaming of becoming your own boss. Let’s learn from the success stories of former OFWs who flew back home to dare the business scene. Myrna Padilla (Image source: Kalibrr) Growing up diving for and selling seaweeds in Bohol, Myrna Padilla didn’t know she has a passion for computers until she worked as a domestic worker in Hong Kong. She’d watch her 8-year-old ward each time the boy used his computer. Later on, she learned how to use the mouse, browse the Internet, and send e-mails. Myrna … [Read more...]

Around the World: How OFWs Can Spend The Holidays Away From Home

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The holidays in the Philippines see a spectacle of reunions, celebrations, shopping sales, festivity attractions and many more. Our family-oriented culture is what leaves most of our beloved ones abroad terribly missing us. Not all of our fellow countrymen would spend Christmas eves with their loved ones here. We shared how one can cope up with the homesickness [Read: Not Home For The Holidays? Turning The Holiday Homesickness Frown Upside Down], now we share how your beloved ones can spend their holidays away from home. So, if you know someone, recommend this read. They may be feeling blue come holidays but with these holiday-filled places, the cold won’t bother them anyway. Make sure to recommend these holiday go-to places of the following countries they are working or living in. London Oh yes, Big Ben, pubs, the English, the Royalty! What’s not to love about London? In London, our OFW families will find the city’s holiday festivity overwhelmingly magical! One can take … [Read more...]

Not Home For The Holidays? Turning The Holiday Homesickness Frown Upside Down

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“When you feel homesick,’ he said, ‘just look up. Because the moon is the same wherever you go.” ― Donna Tartt, The Goldfinch Supposed to be home for the holidays? But unexpectedly, you just can’t go home. Well, the sacrifice to be away from home is not at all easy and we salute that noble pursuit. While homesickness embraces you like the cold December air and not a fire by the hearth can warm the heavy heart, we can still turn that holiday frown upside down. You’re not the only one after all, everyone, one way or another, felt homesickness on the holidays. Here’s how you can cope up with your feelings: Let it all out. It’s okay to cry! At this time, there’s no guilt in crying. You are not weak. You have been amazingly tough. It’s best to release all that sadness because you need to free up the space of your feelings and fill them with joy, optimism and glee. Just let it all out, you need a good cry. Those tears measure how much you long for the company … [Read more...]

Pawnina Shares: Seven Overspending Sins That OFWs Commit And How To Deal With Them

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Hi there, Pawnina here! Right after Halloween, the holiday season is back to rule our lives. For OFWs, this means a coming home party. Of course, with that comes their balikbayan boxes. (Yay!) Sure, most OFWs are wise with their financial management experience [Read: When In Abroad: Filipino Balikbayans Share Practical Money Saving Stories Away From Home], however, others tend to fall back with their finances from the extravagant lifestyle their surroundings offer, leading to bad financial habits. We’re two months away until we set a new resolution, and if you are working abroad or know someone abroad here’s an eye-opener about the seven overspending sins OFWs commit. Old habits die hard they say, but let’s break them good. GREED: When retail therapy/shopping just got them. A lot of OFWs fall prey to the luxury surrounded to them, especially when they feel that their salary covers a whole lot more than what they’ve been used to spend. Shopping can also be therapeutic, but … [Read more...]

When In Abroad: Filipino Balikbayans Share Practical Money Saving Stories Away From Home

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“Balikbayan!” With the holidays rolling in, we’ll be seeing a lot of our beloved ones coming back to the Philippines from all over the world. That means celebrations, reunions, local tours, the much-awaited Balikbayan boxes with imported pasalubongs - a Filipino tradition of bringing home gifts - and sometimes their “bonggang pa-treat!” But behind the lavish life we imagine them to have, these Filipino Balikbayans share insider accounts on how they live a frugal and practical lifestyle. If you are planning to work abroad, live abroad or migrate abroad, here are shared saving tips that come in handy… “It’s very Pinoy…” tho, one would say.   1)  "Save a portion of your salary into your bank account in the Philippines so you won't touch it..." -Kesh, 22, Dubai Kesh has been working in a company in Dubai since graduating from the University of Santo Tomas last April 2014. When asked how she budgets her finances, here's an advice she gives to aspiring … [Read more...]