18 years for OFW to save P3 Million!

I read an article stating that it will take 18 years for an OFW to save P3 Million so that he could return home for good? Assuming that he save part of his monthly salary alone or with the spouse is worth P13,800.00. Do you think it is only worth P 3 Million? Let us compute to prove this argument. So Let us Multiply P13,800.00 by 12 months to get...

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5 Tips on how to Save and Invest for OFWs

Many Filipinos left their love ones to earn money abroad even if they don't want to leave. They do this because they have no choice. There is no job opportunities in the Philippines. Right now millions of Filipinos are in Middle East, United States of America and other countries to work. They are not there as tourist.  I felt sad for some of...

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Pros and Cons of Mutual Fund Investment

Mutual funds have often seemed like a golden investment because what can be a relatively small amount of money ends up being greatly diversified. The core idea of this kind of investment goes back to the basic rule of, don’t put all your eggs in one basket.  In recent years it has become more apparent that there is no such thing as a guaranteed...

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What is Mutual Fund?

A mutual fund is a type of professionally managed investment fund that pools money from many investors to purchase securities.[1] While there is no legal definition of the term "mutual fund", it is most commonly applied only to those collective investment vehicles that are regulated and sold to the general public. They are sometimes referred to as "investment companies" or "registered investment...

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Money Tips for Expatriates or OFW

Many expatriates or OFW in particular forget to save money when they are already working abroad. In the Philippines there is a seminar from PDOS before leaving to work abroad. The main topic of the seminar is about how to save money while working away from the Philippines away from their family. But most of the expatriates return home only to realize that they are still poor and even poorer before...

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OFW Should Save and Invest

Many OFWs including myself are working hard in a far away land in order to earn more money and hope that someday we can start a new life in the Philippines with business or savings but I think only few people will realize their dream. Why is it that it is hard to do it? When I was young it seems to me that saving money is very easy but now I have...

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Earn and Invest Money: Top Ten Money Saving Tips

To all expatriates out there here is another article that I want you to read. It is about saving money tips, I am sure all of you will want to save money so that you can leave where you are now and go home for good earlier than what you expect. Saving your money by following this Earn and Invest Money: Top Ten Money Saving Tips will help you a lot. Start saving money today and invest it in your country. There...

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