Looking for a great investment in the Philippines for OFWs? You’re not alone. Numerous abroad Filipino employees dream of growing their hard-earned money and finding more financial stability.
Obviously, you require to discover easy pointers on how to keep your money growing and safe. That’s if, like me, you want to check out locations like Canada or Japan. We need to be careful of online task scams these days.
For more useful information, get my eBook “The A-Z on Becoming a Digital Wanderer.” It’s a step-by-step guide to assist OFWs and freelancers shift into remote work. From online platforms to useful suggestions, this is the perfect jumpstart to your OFW’s dream way of life!
Instead of just conserving, investing is a smart method to prepare for the future. You do not require to be abundant to start. You just need the right information and a little guts.
Here are 8 simple investment options. These work well for Filipino digital wanderers, SSS members, and OFW families. You can begin little– even while you’re abroad. Over time, these can assist construct passive earnings and genuine wealth.
Why OFWs Ought To Start Investing
Working abroad will not last permanently. That’s why you need to prepare.
Money kept in a routine account will not grow quick. However a kind of investment, like government bonds, REITs, or mutual funds, can grow it much faster and more securely. Even low-risk financial investments like Pag-IBIG MP2 or time deposits are better than letting your money sit still.
Investing lets you grow eggs in various baskets– this is called a diversified portfolio. It spreads threat and increases long-term gains. Even percentages can lead to long-term investments that support your retirement, your kid’s education, or your dream home.
1. Realty (Condominium, House, or Land)
This concrete possession is a leading choice for numerous investors. You can reside in it or rent it out.
Why it’s great:
- Value increases with time
- Earn capital from lease
Pointer: Select condominiums or homes in cities like Davao or Quezon City. Work with agents backed by Pag-IBIG Fund or BPI for safe and secure deals.
2. Stock Exchange (Shares of Big Business)
Buy shares from the Philippine Stock Exchange (PSE). Big names like Jollibee and SM Prime prevail choices.
Why it’s excellent:
- You can start with 1,000
- Grow through higher dividends
Pointer: Use apps like COL Financial or BDO Securities. Watch newbie tutorials first.
3. Small Business (With Household Back Home)
Start a small company and let your family manage it. Try a sari-sari shop, food cart, or online store.
Why it’s excellent:
- Offers jobs to liked ones
- Can provide you a regular monthly income
Tip: Start small. Set clear functions. Examine profits on a monthly basis. It’s a great opportunity if handled well.
Additional Idea: The member of the family most likely requires to run around in business. They need to put on some excellent shoes to secure their feet!
4. Pag-Ibig MP2 Cost Savings Program
Pag-Ibig MP2 is a special cost savings program for OFWs. It’s safe and provides better returns than banks.
Why it’s great:
- 5– 7% yearly returns
- Low risk
- Easy to open
Tip: Enroll online. Send out cash through remittance centers.
5. REITs (Property Financial Investment Trusts)
You can buy huge structures like shopping centers and workplaces. You do not need to purchase a condominium.
Why it’s great:
- Low starting money
- Pays dividends routinely
- Managed by a professional fund manager
Pointer: Usage apps like GCash or COL Financial. Constantly examine the business’s record before you invest.
Additional Pointer: Purchase tools that make running the business much easier. A solar energy bank is handy for outdoor stalls or areas with power interruptions.
6. Online Courses and Skills Training
Learning a brand-new ability is also a great financial investment. You can try digital marketing and baking. It can be anything that interests you!
Why it’s good:
- Helps you earn more
- Prepares you for life after working abroad
Tip: Try complimentary or low-priced courses. You can try those from Tesda, Coursera, or Udemy. And keep a journal to track your knowing development and goals.
7. Mutual Funds or UITFs (System Investment Trust Funds)
These are dealt with by fund supervisors. You just put in money and let them do the work.
Why it’s good:
- Easy for beginners
- Less dangerous
- Great for developing a financial investment portfolio
Suggestion: Ask your bank about it. Or utilize apps like GCash or Seedbox.
8. Digital Wallet Savings with High Interest
Some digital wallets give better interest than banks. These are good for short-term savings.
Why it’s excellent:
- 4– 6% interest yearly
- Easy to utilize and track
Tip: Utilize this for conserving while you select a larger financial investment.
How to Start Investing While Abroad
Before anything else, get health travel insurance coverage. You require to safeguard your finances. But your health is also really crucial when you travel.
Step 1: Know Your Goal
Ask yourself. What are you saving for? Retirement? A home? An organization? This will direct your choices.
Step 2: Inspect Your Finances
Make certain you have money for everyday needs and emergencies. Only invest what you will not require quickly.
Step 3: Choose One Financial Investment
Select one that fits your goal and spending plan. You do not need to do whatever at the same time.
Step 4: Discover and Ask
Enjoy videos. Check out basic guides. Sign up with OFW groups online. Asking for help is alright.
Step 5: Keep Going
Add more when you’re prepared. Be client and see your cash grow in time.
Final Ideas
Making a smart financial investment does not require to be difficult. Simply begin with one option. Keep learning about monetary literacy. Ask concerns and follow your monetary goals.
Don’t forget the basics: consider tools like Yesim to remain linked anywhere in the world.
Your cash must work for you. That’s the power of wise investing.
Prepared to grow your money and get ready for a much better life? Start now!
FAQ
What’s the best investment for OFWs with little capital?
Pag-Ibig MP2, digital wallets with high interest, or mutual funds are good for little beginners.
Can I invest in realty even if I’m not in the Philippines?
Yes. Many relied on designers permit online purchasing. Simply examine if the representative is legitimate.
How can I trust someone to manage my organization back home?
Choose somebody accountable. Set guidelines and check income monthly. Start small at first.
Are stocks dangerous for novices?
Yes, however if you study and invest long-lasting, they can pay off. Learn first before putting in huge money.
How do I understand if an investment deal is a fraud?
If it promises quickly, easy money, it’s most likely a rip-off. Talk to the SEC and ask relied on OFW groups.