As an overseas Filipino worker (OFW) life can be quite challenging abroad especially since one is so far away from loved ones. Though exciting at first, as the years go by, many OFWs really feel that tug to return home. This is why it is important to start putting money into worthwhile investments back home.
There are many benefits to purchasing a house and lot in Lancaster, Cavite. As an already developed area that is very close to the nation’s capital, you and your family would be able to live with the conveniences of the city without the high cost of living in Manila.
Property investments also increase in value over the years especially if they are in developed or developing areas. You also have the option of renting out your property as a way of earning extra income.
The business dream
Many OFWs dream of starting up their own business. This could range from a small venture to something bigger. There are plenty of business opportunities out there for the savvy investor: food stalls, water refilling stations and even something as simple as a cellphone load station. For some, having a thriving business back home means that they no longer have to work so far away from all their loved ones.
Another safe option is to invest in financial instruments like stocks, bonds and mutual funds. With the help of the internet, you can easily view the market trends and make smart decisions even from miles away. The best thing about a well-managed mutual fund is that the interest it earns is often higher than the country’s yearly inflation. This means that your money is actually making you more than the years go by compared to just staying put in a savings account.
For most, working overseas is not meant to last a lifetime. By investing wisely, you could make your money earn more and could be the key to you going home earlier.