Carousel

Advertisement
SEARCH THIS SITE
JBSOLIS is a site for overseas Filipino workers, health and insurances, OWWA, PAG-IBIG, bank and cash loans, foreclosed properties, small house designs, local and overseas job listings.

Saturday, September 15, 2018

Best investments In The Philippines That Will Work Great This 2019


People think about investing as a thing for knowledgeable business expert people and it is not for newbies who hardly know about investing. With these things in mind, only a handful of people venture into investing and enjoy it's moneywise liberating benefits.
The good news is that you can do investing even without attending investment seminars and going to any business courses especially if you are an overseas Filipino worker (OFW).

Instead of putting your money to networking scams that promises too-good-to-be-true return of investments, put your money to these investment ideas that will surely thrive this coming year.
People think about investing as a thing for knowledgeable business expert people and it is not for newbies who hardly know about investing. With these things in mind, only a handful of people venture into investing and enjoy it's moneywise liberating benefits.  The good news is that you can do investing even without attending investment seminars and going to any business courses especially if you are an overseas Filipino worker (OFW).   Instead of putting your money to networking scams that promises too-good-to-be-true return of investments, put your money to these investment ideas that will surely thrive this coming year.    Ads     Sponsored Links  Aside from business ideas shown in the video, we collated some investment ideas that will surely bring you a profitable return of the money you invested.   Mutual funds  and Unit Investment Trust Fund Mutual Fund, UITF, and Balanced Fund are the kinds of funds where the investor participates in a trust fund and then earns money depending on the performance of the type of fund s/he invested on. What is great about this type of investment opportunity is that you get to invest your money to professionals who know how to grow your money.   Mutual Funds are regulated by the Security and Exchange Commission (SEC) and are offered by mutual fund companies like Philam Asset Management and Sunlife Financial, and also by some banks that offer mutual funds, such as BPI. This is considered to be one of the simplest types of investment as it does not require much time, effort and capital as compared to stock market. It only require₱10,000.00 as a minimum amount to invest.  It is typically managed by a professional fund manager who is knowledgeable on how to grow the money you invested.    Meanwhile, UITF is regulated by the Bangko Sentral ng Pilipinas (BSP), and you can earn money by investing in the majority of the leading banks in the Philippines, such as BDO, Metrobank, Landbank, BPI, PNB, UnionBank, among others.  Minimum Investment: Though it the typical minimum amount is ₱50,000.00, while for others minimum is ₱5,000.00 depending on the type of investment product you want to invest into.    However,  investing in mutual funds like these,you must know your goals as a new investor, your investment horizon, and your risk profile. By knowing these, it would be easier for you to decide what type of investment fund you should invest on.  Given that you already know what type of investor you are, the next thing to learn is to know your debt schemes.     Variable Unit-Linked Insurance  VUL Insurance is a kind of insurance that also serves as an investment. In this type of investment, what happens is that a portion of your premium is being paid to your insurance charges, but, at the same time, a portion is being invested. What is great about this is that you can choose what kind of investment you would like to invest on: balanced fund (stocks and bonds), the bond fund (bonds), or equity fund (stocks). VUL is highly recommendable for breadwinners, young professionals, and OFWs who have no insurance or are under-insured, meaning, they have no life insurance yet. In a VUL insurance, by investing your money, since you are insured, in case an unexpected death happens to you, your beneficiaries will get insurance proceeds, which they can use to finish their studies.    Some companies, such as Sunlife, offer insurance plans where the annual premium is ₱26,000.00 equivalent to approximately ₱2,100.00 a month.   Take note that since part of your payment in VUL is being invested, how much you will receive as you retire, or how much your beneficiary receives in case an unexpected death occurs, will increase depending on the performance of the investment fund.   You can avail this type of insurance in companies like Sunlife Financial, Pru Life UK, and AXA. But there are also banks that offer this type of insurance. In some Metrobank branches, there are AXA insurance agents, while in BDO, there are also Pru Life UK insurance agents, whom you can inquire on and negotiate with.  When investing in VUL insurance, be keen on what the insurance agent is saying, Don’t abruptly agree on investing. Make time to search and study the fund’s performance, by looking at Bloomberg or the website of the company.  In VUL, like in most insurance plans, the younger the person, the lower his/her payment will be. So don’t wait until you get older, for the premium will be more and more expensive.   Stocks By investing in the stock market, you become a shareholder of the company you invested in. And by being a shareholder, you get to own a part of the company. In general, investing in stocks is a long-term commitment. And a hands-on approach is definitely needed if you wish to earn a formidable sum of money.  Stock investment would only require ₱5,000.00 for some stocks trading platforms like COL Financial or eToro.  Guides when investing in the Philippine Stock Market  Know the investment option that would suit the kind of investor you are. There are websites that allow you to assess whether you are conservative, moderate risk taker, or risk taker. But there are also workshops that can help in guiding and giving you a recommended list of stocks.  The stock is not an easy form of investment. So, you really would have to educate yourself by attending trainings and seminars. But there are also online investment courses you can avail so that you can learn more about investing even in the comforts of your home. Instead, I’m suggesting you invest small sums of money over time using a method called “peso cost averaging.”   Micro-lending and peer-to-peer lending Micro-lending and P2P lending are methods of financing that allow people to borrow and lend money without having to go through financial institutions such as banks. But now, these two also serve as a source of fixed income for investors.  Minimum Investment: ₱1,250.00   You can earn in macro-lending and peer-to-peer lending through different online lending platforms. These lending platforms then bring together the borrowers and the lenders who would like to have their money invested and earn through interest rates. Here are some of the most popular lending platforms you can choose from:  LendingClub  UpStart  MoneyMatch PH  BitBond   Same as with other investment opportunities, always take your time reading about what you would like to invest on.  Always do some research regarding the online company including its eligibility requirements, possible interest rate risk and liquidity risk, and loan diversification. Also, make time to read reviews regarding its pros and cons.    Real Estate (foreclosed properties) This kind of investment requires a higher money for you to invest so as to serve as a payment for the land you are going to purchase. But with the right choices, rest assured that you are going to earn more than the worth of money you invested, oftentimes even higher than all the other investment options reiterated here.  When finding foreclosed real estate properties to acquire, you can go to insurance firms, banks, and government institutions, such as SSS, GSIS, Home Development Funds, and the National Housing Authority. Take note that you always check the land title for encumbrances (debts, mortgages, and things as such).  Most foreclosed properties are sold as is, imperfections and all, and therefore will almost always require repairs. So, you really may have to shell out cash before you make it available on the market for sale. However, while some properties require only minor repairs, there are those that have extensive damages requiring you a lot of time and money to have it repaired. And so, when you buy, check the property well to know if it is a worthy investment. Scrutinize if there are infestations, or if the plumbing and sewage system is damaged, or if there are damages on the walls that require immense repair. The good thing about this is that once repaired, its value will appreciate higher than other properties in the same location.  When assessing, also consider the location. If it is located in a higher growth area or is still developing into a high growth one, there are higher chances that its value will appreciate. The same is true for those properties near expressways and train stations.   Blogging/Vlogging  Blogging and vlogging are also great investment opportunities. However, making money from blogging and vlogging requires continues work and experimentation. In case you are in need of guidance, here are a few points to consider when you are planning to pursue those. What is great about this is that you can integrate your hobbies and passion into your blog/vlog.   Bloggers/Vloggers earn by monetizing their website through PPC ads (when readers click on the ad) and CPM ads (based on how many people view your ad). The most popular network for this is through Google AdSense. They can also earn by including affiliate links and selling digital products. Vloggers, most especially, may likewise earn from making sponsored videos.    Forex Trading Forex Trading, as defined by FXCM, is a decentralized global market where all the world’s currencies trade. This is arguably the most liquid market in the world with an average trading volume exceeding $5 trillion. To make money through forex trading, you must have enough experience. Otherwise, you might lose everything you make. However, the good thing about this is that you have no competition. More so, the more people work on forex, the more money they make.   How you earn through forex trading is also similar to those found in the stock market. Forex traders essentially earn by buying and selling currencies. So, you then exchange one currency for another in the expectation that the price will change.    Small Business. Know what type of investment you would like to invest on. You can invest in small businesses either through equity and debt investments. Now, equity investors earn by buying an ownership stake in the company. So, here they provide capital in exchange for profits or losses. If you are after a small business investment with a higher yield, this is a better option. In contrast, debt investors earn by loaning money in exchange for the promise of interest income and repayment of the principal. What’s great about debt investment is that if the company goes bust, they are given greater priority over the equity investors. Feel free to choose whatever it is that suits your goal taking into consideration the risks.  As said earlier, do not forget to diversify. Don’t invest in a sole place. Rather, also find other ways to invest for a better risk tolerance.  As an investment strategy, also consider the taxes and fees associated with trading. If you are not diligent enough, you might lose over 30 percent of how much you have invested.  Find the right investment advisor. As you look for the optimal one, do not hesitate to ask questions regarding the payment methods, as well as the decision making processes.  Most Filipinos stay away from investing not necessarily because they are not equipped with necessary investment related knowledge, but simply because they shun long-term money-making opportunities. What they want is easy money that can be earned   through gambling, sweepstakes, and things like that. Several Filipinos love these because these are easier ways to earn money. You just have to allot an ample amount of your money and wait for a miracle to be bestowed upon you. But until when will you wait? And how probable is your chance to win? Seriously, if you are smart about money, you know that there is no shortcut to genuine success, for it requires more than luck. It requires time, patience, and perseverance.   Filed under the category of business expert, benefits, overseas Filipino worker,  OFW, networking scams , return of investments,  Ads  Read More:
Ads


Sponsored Links
Aside from business ideas shown in the video, we collated some investment ideas that will surely bring you a profitable return of the money you invested.
Mutual funds  and Unit Investment Trust Fund
Mutual Fund, UITF, and Balanced Fund are the kinds of funds where the investor participates in a trust fund and then earns money depending on the performance of the type of fund s/he invested on. What is great about this type of investment opportunity is that you get to invest your money to professionals who know how to grow your money.


Mutual Funds are regulated by the Security and Exchange Commission (SEC) and are offered by mutual fund companies like Philam Asset Management and Sunlife Financial, and also by some banks that offer mutual funds, such as BPI. This is considered to be one of the simplest types of investment as it does not require much time, effort and capital as compared to stock market. It only require
10,000.00 as a minimum amount to invest.
It is typically managed by a professional fund manager who is knowledgeable on how to grow the money you invested.

Meanwhile, UITF is regulated by the Bangko Sentral ng Pilipinas (BSP), and you can earn money by investing in the majority of the leading banks in the Philippines, such as BDO, Metrobank, Landbank, BPI, PNB, UnionBank, among others.
Minimum Investment: Though it the typical minimum amount is ₱50,000.00, while for others minimum is ₱5,000.00 
depending on the type of investment product you want to invest into. 

However,  investing in mutual funds like these,you must know your goals as a new investor, your investment horizon, and your risk profile. By knowing these, it would be easier for you to decide what type of investment fund you should invest on.
Given that you already know what type of investor you are, the next thing to learn is to know your debt schemes. 

 Variable Unit-Linked Insurance
 
VUL Insurance is a kind of insurance that also serves as an investment. In this type of investment, what happens is that a portion of your premium is being paid to your insurance charges, but, at the same time, a portion is being invested. What is great about this is that you can choose what kind of investment you would like to invest on: balanced fund (stocks and bonds), the bond fund (bonds), or equity fund (stocks). VUL is highly recommendable for breadwinners, young professionals, and OFWs who have no insurance or are under-insured, meaning, they have no life insurance yet. In a VUL insurance, by investing your money, since you are insured, in case an unexpected death happens to you, your beneficiaries will get insurance proceeds, which they can use to finish their studies. 
 Some companies, such as Sunlife, offer insurance plans where the annual premium is ₱26,000.00 equivalent to approximately ₱2,100.00 a month.

Take note that since part of your payment in VUL is being invested, how much you will receive as you retire, or how much your beneficiary receives in case an unexpected death occurs, will increase depending on the performance of the investment fund.

You can avail this type of insurance in companies like Sunlife Financial, Pru Life UK, and AXA. But there are also banks that offer this type of insurance. In some Metrobank branches, there are AXA insurance agents, while in BDO, there are also Pru Life UK insurance agents, whom you can inquire on and negotiate with.
When investing in VUL insurance, be keen on what the insurance agent is saying, Don’t abruptly agree on investing. Make time to search and study the fund’s performance, by looking at Bloomberg or the website of the company.
In VUL, like in most insurance plans, the younger the person, the lower his/her payment will be. So don’t wait until you get older, for the premium will be more and more expensive.

Stocks
By investing in the stock market, you become a shareholder of the company you invested in. And by being a shareholder, you get to own a part of the company. In general, investing in stocks is a long-term commitment. And a hands-on approach is definitely needed if you wish to earn a formidable sum of money.
Stock investment would only require ₱5,000.00 for some stocks trading platforms like COL Financial or eToro.

Guides when investing in the Philippine Stock Market
Know the investment option that would suit the kind of investor you are. There are websites that allow you to assess whether you are conservative, moderate risk taker, or risk taker. But there are also workshops that can help in guiding and giving you a recommended list of stocks.
The stock is not an easy form of investment. So, you really would have to educate yourself by attending trainings and seminars. But there are also online investment courses you can avail so that you can learn more about investing even in the comforts of your home. Instead, I’m suggesting you invest small sums of money over time using a method called “peso cost averaging.”

Micro-lending and peer-to-peer lending
Micro-lending and P2P lending are methods of financing that allow people to borrow and lend money without having to go through financial institutions such as banks. But now, these two also serve as a source of fixed income for investors. 
In investing a minimum of  ₱1,250.00, you can earn in macro-lending and peer-to-peer lending through different online lending platforms. These lending platforms then bring together the borrowers and the lenders who would like to have their money invested and earn through interest rates. 
Here are some of the most popular lending platforms:
  • LendingClub 
  • UpStart 
  • MoneyMatch PH 
  • BitBond

Same as with other investment opportunities, always take your time reading about what you would like to invest on.
Always do some research regarding the online company including its eligibility requirements, possible interest rate risk and liquidity risk, and loan diversification. Also, make time to read reviews regarding its pros and cons.
Real Estate (foreclosed properties)
This kind of investment requires a higher money for you to invest so as to serve as a payment for the land you are going to purchase. But with the right choices, rest assured that you are going to earn more than the worth of money you invested, oftentimes even higher than all the other investment options reiterated here.

When finding foreclosed real estate properties to acquire, you can go to insurance firms, banks, and government institutions, such as SSS, GSIS, Home Development Funds, and the National Housing Authority. Take note that you always check the land title for encumbrances (debts, mortgages, and things as such).
Most foreclosed properties are sold as is, imperfections and all, and therefore will almost always require repairs. So, you really may have to shell out cash before you make it available on the market for sale. However, while some properties require only minor repairs, there are those that have extensive damages requiring you a lot of time and money to have it repaired. And so, when you buy, check the property well to know if it is a worthy investment. Scrutinize if there are infestations, or if the plumbing and sewage system is damaged, or if there are damages on the walls that require immense repair. The good thing about this is that once repaired, its value will appreciate higher than other properties in the same location.
When assessing, also consider the location. If it is located in a higher growth area or is still developing into a high growth one, there are higher chances that its value will appreciate. The same is true for those properties near expressways and train stations.

Blogging/Vlogging
Blogging and vlogging are also great investment opportunities. However, making money from blogging and vlogging requires continues work and experimentation. In case you are in need of guidance, here are a few points to consider when you are planning to pursue those. What is great about this is that you can integrate your hobbies and passion into your blog/vlog.

Bloggers/Vloggers earn by monetizing their website through PPC ads (when readers click on the ad) and CPM ads (based on how many people view your ad). The most popular network for this is through Google AdSense. They can also earn by including affiliate links and selling digital products. Vloggers, most especially, may likewise earn from making sponsored videos.

Forex Trading
Forex Trading, as defined by FXCM, is a decentralized global market where all the world’s currencies trade. This is arguably the most liquid market in the world with an average trading volume exceeding $5 trillion. To make money through forex trading, you must have enough experience. Otherwise, you might lose everything you make. However, the good thing about this is that you have no competition. More so, the more people work on forex, the more money they make.

How you earn through forex trading is also similar to those found in the stock market. Forex traders essentially earn by buying and selling currencies. So, you then exchange one currency for another in the expectation that the price will change.

Small Business.
Know what type of investment you would like to invest on. You can invest in small businesses either through equity and debt investments. Now, equity investors earn by buying an ownership stake in the company. So, here they provide capital in exchange for profits or losses. If you are after a small business investment with a higher yield, this is a better option. In contrast, debt investors earn by loaning money in exchange for the promise of interest income and repayment of the principal. What’s great about debt investment is that if the company goes bust, they are given greater priority over the equity investors. Feel free to choose whatever it is that suits your goal taking into consideration the risks.
As said earlier, do not forget to diversify. Don’t invest in a sole place. Rather, also find other ways to invest for a better risk tolerance.
As an investment strategy, also consider the taxes and fees associated with trading. If you are not diligent enough, you might lose over 30 percent of how much you have invested.
Find the right investment advisor. As you look for the optimal one, do not hesitate to ask questions regarding the payment methods, as well as the decision making processes.
Most Filipinos stay away from investing not necessarily because they are not equipped with necessary investment related knowledge, but simply because they shun long-term money-making opportunities. What they want is easy money that can be earned 
through gambling, sweepstakes, and things like that. Several Filipinos love these because these are easier ways to earn money. You just have to allot an ample amount of your money and wait for a miracle to be bestowed upon you. But until when will you wait? And how probable is your chance to win? Seriously, if you are smart about money, you know that there is no shortcut to genuine success, for it requires more than luck. It requires time, patience, and perseverance.
Filed under the category of business expert, benefits, overseas Filipino worker,  OFW, networking scams , return of investments,
Ads

Read More:
As a move to urge Filipinos and foreign businessmen to engage in doing business in the country, President Rodrigo Duterte signed the Ease of Doing Business and Efficient Government Service Delivery Act into law in May 2018. This new law sets a deadline for the government to quickly act on business applications, about three to five days for simple processes and seven to 10 days for complex ones. Even before the effectivity of this new law, the government had already been doing its part to make business registration for prospective entrepreneurs easier by making some application processes online.   As a move to urge Filipinos and foreign businessmen to engage in doing business in the country, President Rodrigo Duterte signed the Ease of Doing Business and Efficient Government Service Delivery Act into law in May 2018. This new law sets a deadline for the government to quickly act on business applications, about three to five days for simple processes and seven to 10 days for complex ones. Even before the effectivity of this new law, the government had already been doing its part to make business registration for prospective entrepreneurs easier by making some application processes online.      Ads      Sponsored Links      The Department of Trade and Industry (DTI)’s business name registration for single proprietors is among the first processes to become digitized.  The Philippine Business Registry (PBR), DTI’s business name registration system, has been made more accessible for single business owners since 2012.    A prospective entrepreneur is not anymore required to visit DTI offices to secure a Certificate of Business Registration. With the PBR website, the certificate can even be printed in the comfort of their own home.     Here are the steps you have to take to secure that certificate.    Check the availability of a business name  Before starting the registration process, it helps to check if the business name you have in mind is still available to use. At the PBR, one can easily type in the prospective business name and it will check the database if there are enterprises already using that trade name.    A word of advice: don’t just try to check the business name you are aiming for once. Try to modify your search to save time later on. For example, if you are thinking of putting up a business called “Juan dela Cruz Services,” modify your search and break down every part of the business name from just “Juan dela” to “Cruz Services.” Some business names just differ in spacing or spelling.    The DTI also reminds applicants to ensure that the business name isn’t similar to an existing trade name or trademark, such as “Anne Dok’s Lechon,” “Jolibee” and "Starbax Café.” On the other hand, names that are too generic, such as “The Coffee Shop” for your café, aren’t permissible, too.    Business owners also can’t use the abbreviation of a government agency or international organization.    Business name registration  Once you’ve verified that your prospective business name is still available for use, you can proceed to the business name application.    Once in the page, you will be required to choose the geographic scope of the enterprise: national, regional, city or town, and barangay. If you are keen on operating a business that will reach clients in different parts of the country—for example, an online shop—then it’s best to register your scope as nationwide. The fees will vary depending on the scope, ranging from Php200 to Php2,000.    Afterward, the business owner’s personal info will be required. You will only have to submit some basic details such as tax identification number, residence address and mobile number.    By this time, you’re done with the most tedious part of the online registration process. You may now choose whether to pay cash through either a local DTI office or Go Negosyo Center, or via an online payments system.    The PBR only accepts two kinds of online payments: Bancnet and GCash. If you have an online account with any bank, then paying through Bancnet is advisable. Otherwise, a GCash account may be needed to complete the transaction.    You also have the option whether to pick up your business certificate from a local DTI office or have it printed yourself.    Once the payment is complete, a message will be sent to your e-mail on how you will retrieve the certificate based on the method you selected. Most likely, the whole process will only require 15 to 30 minutes of your time.      Filed under the category of Filipinos, foreign businessmen, President Rodrigo Duterte, Ease of Doing Business and Efficient Government Service Delivery Act, business registration, entrepreneurs,  application processes online   Ads      Sponsored Links      The Department of Trade and Industry (DTI)’s business name registration for single proprietors is among the first processes to become digitized.  The Philippine Business Registry (PBR), DTI’s business name registration system, has been made more accessible for single business owners since 2012.    A prospective entrepreneur is not anymore required to visit DTI offices to secure a Certificate of Business Registration. With the PBR website, the certificate can even be printed in the comfort of their own home.     Here are the steps you have to take to secure that certificate.    Check the availability of a business name  Before starting the registration process, it helps to check if the business name you have in mind is still available to use. At the PBR, one can easily type in the prospective business name and it will check the database if there are enterprises already using that trade name.    A word of advice: don’t just try to check the business name you are aiming for once. Try to modify your search to save time later on. For example, if you are thinking of putting up a business called “Juan dela Cruz Services,” modify your search and break down every part of the business name from just “Juan dela” to “Cruz Services.” Some business names just differ in spacing or spelling.    The DTI also reminds applicants to ensure that the business name isn’t similar to an existing trade name or trademark, such as “Anne Dok’s Lechon,” “Jolibee” and "Starbax Café.” On the other hand, names that are too generic, such as “The Coffee Shop” for your café, aren’t permissible, too.    Business owners also can’t use the abbreviation of a government agency or international organization.    Business name registration  Once you’ve verified that your prospective business name is still available for use, you can proceed to the business name application.    Once in the page, you will be required to choose the geographic scope of the enterprise: national, regional, city or town, and barangay. If you are keen on operating a business that will reach clients in different parts of the country—for example, an online shop—then it’s best to register your scope as nationwide. The fees will vary depending on the scope, ranging from Php200 to Php2,000.    Afterward, the business owner’s personal info will be required. You will only have to submit some basic details such as tax identification number, residence address and mobile number.    By this time, you’re done with the most tedious part of the online registration process. You may now choose whether to pay cash through either a local DTI office or Go Negosyo Center, or via an online payments system.    The PBR only accepts two kinds of online payments: Bancnet and GCash. If you have an online account with any bank, then paying through Bancnet is advisable. Otherwise, a GCash account may be needed to complete the transaction.    You also have the option whether to pick up your business certificate from a local DTI office or have it printed yourself.    Once the payment is complete, a message will be sent to your e-mail on how you will retrieve the certificate based on the method you selected. Most likely, the whole process will only require 15 to 30 minutes of your time.      Filed under the category of Filipinos, foreign businessmen, President Rodrigo Duterte, Ease of Doing Business and Efficient Government Service Delivery Act, business registration, entrepreneurs,  application processes online  Ads    Update: The DTI online business registration is temporarily suspended due to systems upgrade and will notify the public when it is ready. The business owners are advised to proceed to the nearest DTI offices near your area. To download the application form for business registration, you may visit the DTI official website.
The Social Security System (SSS) has announced the new batch of loan condonation program or the loan restructuring program (LRP) whereas the members with delinquent status in paying their previous loan in a period of more than 6 months will be allowed to settle their accounts without paying any penalty. Overseas Filipino workers (OFWs) in the United Arab Emirates (UAE)who currently has current unpaid loans are urged to apply for the LRP until October 1.     Ads      Sponsored Links   SSS continues to encourage its members, including OFWs, to apply for loan restructuring program with penalty condonation especially OFWs who have short-term member loans including calamity, salary, educational, and emergency loans.  Under the program, members will no longer pay the additional penalties for the unsettled loans. Members only need to pay for the annual interest alongside the principal loan.  Payments can be done in whole or on a monthly basis as long as the payment terms will not exceed 5 years.  OFWs can apply for LRP in two ways: 1. If you are currently in the UAE, you can visit the SSS office located at the Philippine Consulate in Dubai and the Philippine Embassy in Abu Dhabi.  2. OFWs can also delegate their application to their authorized representative. Give them an authorization letter to process the application through the SSS office in the Philippines.    You can download the application form at the SSS official website.              Ads     Filed under the category of Social Security System , SSS, loan restructuring program, loan condonation program, Overseas Filipino workers, United Arab Emirates , loans
Being considered as modern-day heroes, government offices, as well as some private establishment, give different perks and privileges to overseas Filipino workers (OFW). Aside from the sacrifices they had to go through just to earn better by working abroad, OFWs are the breadwinners of their families back home and the major contributor to keep the Philippine economy afloat by sending their remittances. they deserve to be rewarded by these kinds of privileges.     Ads      Sponsored Links  Exemption on Fees It’s all because of the Overseas Employment Certificate or OEC. Being an OFW, specifically, a legitimate one means you will be exempted from various fees like airport terminal fee, travel tax, and documentary stamp tax.  Tax-Free Shopping at Duty-Free If you want to do some additional shopping before heading home, then the Duty-Free Philippines can be your partner. You can enjoy tax-free shopping within 15 days from the time you arrived so you can give pasalubong to your family, relatives, and friends.   Housing Loan from SSS or PAG-IBIG Are you thinking of buying a house or giving your existing home a much-needed renovation? SSS or PAG-IBIG can help you on this since they offer housing facilities at lower rates compared to banks and other lending institutions.  SSS offers Direct Housing Facility Loan for OFWs where you can loan for as much as P2 million and payable up to 15 years maximum. On the other hand, PAG-IBIG also offers a housing loan facility for OFWs where you can borrow as much as P6 million.   Free Language Courses at TESDA Yes, you read that right. TESDA Language Skills Institute offers free language training for Spanish, English, Japanese, Mandarin, and Arabic to help Filipinos become more equipped in terms of language. This will come in handy when you are headed to any of the countries that speak any of these languages as well as an advantage on your part as OFW.  If you plan to enroll, then make sure you register early because slots are limited. Nonetheless, OFWs are given priority, but it’s best to reserve your slot early. You can check TESDA website for further details about this program.    OWWA Benefits  The Overseas Workers Welfare Administration or OWWA is the agency that protects and promotes the welfare of OFWs and their dependents. In line with this, several benefits are being offered by the agency such as onsite assistance, livelihood trainings, education assistance for dependents, counseling, and legal assistance among others.   DFA Courtesy Lanes With the recent opening of passport renewal slots (86,889 New Slots in September!), you can now apply for your passport related concern without hassle. OFWs are given access to DFA Courtesy Lanes. You don’t need to even schedule an appointment online.   No OFWs will miss a job just because of delays in Passport Application. How good is that?   Low interest loans  There are loan programs from the banks that are tailored for OFWs and they are giving it for very low-interest rates and flexible tenures.   Flexible Investment scheme from SSS  SSS provides a program they called SSS Flexi-fund where OFWs can invest their excess contributions to earn dividends and they can withdraw it anytime they wish or when they finally decided to stay home for good.         Ads     Filed under the category of modern-day heroes, overseas Filipino workers, working abroad, OFW remittances
Food, shelter, and clothing are the basic necessities of human lives.  We can choose our lifestyle whatever we want like living in a simple yet safe home and wearing modest low-end clothing to save but the rising cost of food is a serious matter and we need to do something about it.  Imagine that you are earning just enough to pay your bills, mortgages and other household expenses and your company seldom give you a raise in your salary. Even the families of overseas Filipino workers (OFW) are finding it difficult to budget the remittances they receive due to inflation. Everything has increased its prices and you need to catch up.      Ads     Sponsored Links  Here are some practical tips to save money on food items.      Make A Shopping List And Stick to It  Planning your meals for the week and carefully selecting specific ingredients to buy can save a lot out of your food budget. With the list on hand, purchase only the items  you need to buy and avoid impulse buys.      Eat Before You Shop  When you are hungry and you walk into a building full of food, it is more likely that you are going to grab unnecessary and expensive items that appeal more to your palate than your pocket. It is highly advised that you eat first and shop.     Avoid Fastfoods   Ready-made meals are easy to buy but come with a cost. Instead of eating in fast food or restaurant, buy the ingredients and do it at home preparing the meal yourself. It could save you a lot and still keep the leftovers for the next meal.    Do Not bring Your Kids While Shopping  Every extra minute that you spend in the store increases the chances of you buying more and this includes toys and snacks meant to keep the kids behave while you try to focus on your hunt for a good bargain. Do not bring your kids with you while shopping to save time and money.      Buy in Bulk  Buying in bigger packaging can save you a lot. You can usually find great deals in buying a larger packaging. However, pay attention to your spending habits and consider your storage capacity.        Use Store Reward Cards And Coupons  Coupons provide an easy way to save money. There is no harm in clipping them and using them in purchasing foods, helping you save on your food shopping cost.       Buy locally produced foods  Locally grown or produced food is cheaper because you don't pay for long transportation costs. You also help local farmers and food producers meet their daily needs as well.   Compare Store Prices; Grab the cheapest  Have an assessment of which stores offers lower prices for particular food items and buy it from them. Some grocery stores have special prices for a specific item and they are not often applicable to other stores. Be aware of the price tags and grab it where it cost the lowest.   Look Down at the lower shelf  Most expensive items are usually displayed at eye-level. To find less expensive items, look down.     Avoid the Checkout Temptations  Beware of the displays placed at the end of each aisle. They often feature premium brands and they are placed there for a purpose.    Shop for Sales  Pay attention to sales on necessity items and stock up on non-perishables and freezer goods. Be mindful of the expiration date because most of the sale items are often near expiration dates.  Ads    Shop Infrequently  Reducing the number of trips that you make to the store each week or month reduces the chances of unnecessary purchases and minimizes the amount of transportation cost spent getting there.    Pay in Cash  Avoid using your credit card in purchasing food. If you don't pay off the card in full each month, you pay interest on the purchase. To avoid paying the extra cost, use cash when you shop.    Check Your Bill  Electronic scanners make the shopping experience faster and more convenient, however, scanners aren't foolproof. Take a look at the receipt to make sure your coupons and discounts were accurate.    In addition to this, try planting edible plants and vegetables and use it to save on your next food purchase. Having an organic vegetable garden in your yard lets you eat your favorite veggise for free.
©2018 THOUGHTSKOTO