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Showing posts with label for good. Show all posts
Showing posts with label for good. Show all posts

Thursday, July 05, 2018

Survey: 8 Out of 10 OFWS Are Not Saving Their Money For Retirement

Many Filipinos are going abroad for decent salaries which they think will not be possible if they will stay in the Philippines. Local jobs cannot provide adequate income that could meet their daily expenses, bills, payment of rent, mortgage, monthly amortization, tuition fees for their kids, etc. By working abroad, overseas Filipino workers in the Middle East, Europe or in any part of the world can earn much more in lesser time.
But the sad truth is, working abroad will not last for a lifetime. As humans, we will get old, get sick and tired. Sooner or later we will retire and come back home for good. Are all OFWs ready for their retirement? Do they have at least a retirement plan? Do they have enough savings for going home for good?
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Many Filipinos are going abroad for decent salaries which they think will not be possible if they will stay in the Philippines. Local jobs cannot provide adequate income that could meet their daily expenses, bills, payment of rent, mortgage, monthly amortization, tuition fees for their kids, etc. By working abroad, overseas Filipino workers in the Middle East, Europe or in any part of the world can earn much more in lesser time. But the sad truth is, working abroad will not last for a lifetime. As humans, we will get old, get sick and tired. Sooner or later we will retire and come back home for good. Are all OFWs ready for their retirement? Do they have at least a retirement plan? Do they have enough savings for going home for good? Advertisement Sponsored Links Bank of the Philippine Islands (BPI) is encouraging overseas Filipino workers (OFW) to open bank accounts and invest in securing their finances. Ritchie Farinas, Overseas Customer Segment Division Head of BPI, noted that “ ... recent studies have shown that overseas Filipinos’ money habits are rather grim.” The Bangko Sentral ng Pilipinas’ second-quarter Consumer Expectations Survey showed that only 33.9 percent of households that received OFW remittances allot money to savings, and only 5.2 percent have investments. Filipino Times, a UAE-based news outlet, reported that eight out of 10 OFWs are not saving their money for retirement, according to BPI. Farinas said overseas Filipinos, who are challenged by saving and investing, should look for bank services that will help them not only send money back home but also make it easier for them to save and invest. Read also: 7 Things OFWs Should Prepare Before Going Home “OFs should really learn how to manage their finances well because no matter how much they earn, money can be easily spent. There are also different ways to send money back home, and some can be more expensive than others,” he said. BPI has been taking some steps to help overseas Filipinos become more financially stable and secure, he said. “Through a needs-based approach to financial education and planning, BPI aims to bridge the gap between remitters and beneficiaries,” Farinas said. READ MORE: 11 OFWs Illegally Detained In A Room For 1 Week, Asking For Help Dubai OFW Lost His Dreams To A Scammer Can A Family Of Five Survive With P10K Income In A Month? DTI Offers P5K To P200K To Small Business Owners How Filipinos Can Get Free Oman Visa? "No Homework On Weekends Policy" - Does it Apply to Private Schools?

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Bank of the Philippine Islands (BPI) is encouraging overseas Filipino workers (OFW) to open bank accounts and invest in securing their finances.

The Bangko Sentral ng Pilipinas’ second-quarter Consumer Expectations Survey showed that only 33.9 percent of households that received OFW remittances allot money to savings, and only 5.2 percent have investments.
Many Filipinos are going abroad for decent salaries which they think will not be possible if they will stay in the Philippines. Local jobs cannot provide adequate income that could meet their daily expenses, bills, payment of rent, mortgage, monthly amortization, tuition fees for their kids, etc. By working abroad, overseas Filipino workers in the Middle East, Europe or in any part of the world can earn much more in lesser time. But the sad truth is, working abroad will not last for a lifetime. As humans, we will get old, get sick and tired. Sooner or later we will retire and come back home for good. Are all OFWs ready for their retirement? Do they have at least a retirement plan? Do they have enough savings for going home for good? Advertisement Many Filipinos are going abroad for decent salaries which they think will not be possible if they will stay in the Philippines. Local jobs cannot provide adequate income that could meet their daily expenses, bills, payment of rent, mortgage, monthly amortization, tuition fees for their kids, etc. By working abroad, overseas Filipino workers in the Middle East, Europe or in any part of the world can earn much more in lesser time. But the sad truth is, working abroad will not last for a lifetime. As humans, we will get old, get sick and tired. Sooner or later we will retire and come back home for good. Are all OFWs ready for their retirement? Do they have at least a retirement plan? Do they have enough savings for going home for good? Advertisement Sponsored Links Bank of the Philippine Islands (BPI) is encouraging overseas Filipino workers (OFW) to open bank accounts and invest in securing their finances. Ritchie Farinas, Overseas Customer Segment Division Head of BPI, noted that “ ... recent studies have shown that overseas Filipinos’ money habits are rather grim.” The Bangko Sentral ng Pilipinas’ second-quarter Consumer Expectations Survey showed that only 33.9 percent of households that received OFW remittances allot money to savings, and only 5.2 percent have investments. Filipino Times, a UAE-based news outlet, reported that eight out of 10 OFWs are not saving their money for retirement, according to BPI. Farinas said overseas Filipinos, who are challenged by saving and investing, should look for bank services that will help them not only send money back home but also make it easier for them to save and invest. Read also: 7 Things OFWs Should Prepare Before Going Home “OFs should really learn how to manage their finances well because no matter how much they earn, money can be easily spent. There are also different ways to send money back home, and some can be more expensive than others,” he said. BPI has been taking some steps to help overseas Filipinos become more financially stable and secure, he said. “Through a needs-based approach to financial education and planning, BPI aims to bridge the gap between remitters and beneficiaries,” Farinas said. READ MORE: 11 OFWs Illegally Detained In A Room For 1 Week, Asking For Help Dubai OFW Lost His Dreams To A Scammer Can A Family Of Five Survive With P10K Income In A Month? DTI Offers P5K To P200K To Small Business Owners How Filipinos Can Get Free Oman Visa? "No Homework On Weekends Policy" - Does it Apply to Private Schools? Sponsored Links Bank of the Philippine Islands (BPI) is encouraging overseas Filipino workers (OFW) to open bank accounts and invest in securing their finances. The Bangko Sentral ng Pilipinas’ second-quarter Consumer Expectations Survey showed that only 33.9 percent of households that received OFW remittances allot money to savings, and only 5.2 percent have investments. The statistics of OFWs who save for their retirement is only at very slim 8 out of 10, according to BPI. Farinas said overseas Filipinos, who find it hard to do saving and investing must look for bank services that will help them not only send money back home but can make it easier for them to save and invest as well. Read also: 7 Things OFWs Should Prepare Before Going Home BPI has been taking some steps to help overseas Filipinos become more financially stable and secure, according to Farinas. “Through a needs-based approach to financial education and planning, BPI aims to bridge the gap between remitters and beneficiaries,” he added. READ MORE: 11 OFWs Illegally Detained In A Room For 1 Week, Asking For Help Dubai OFW Lost His Dreams To A Scammer Can A Family Of Five Survive With P10K Income In A Month? DTI Offers P5K To P200K To Small Business Owners How Filipinos Can Get Free Oman Visa? "No Homework On Weekends Policy" - Does it Apply to Private Schools?
The statistics of OFWs who save for their retirement is only at very slim 8 out of 10, according to BPI.

Farinas said overseas Filipinos, who find it hard to do saving and investing must look for bank services that will help them not only send money back home but can make it easier for them to save and invest as well.

Read also: 7 Things OFWs Should Prepare Before Going Home

Many Filipinos are going abroad for decent salaries which they think will not be possible if they will stay in the Philippines. Local jobs cannot provide adequate income that could meet their daily expenses, bills, payment of rent, mortgage, monthly amortization, tuition fees for their kids, etc. By working abroad, overseas Filipino workers in the Middle East, Europe or in any part of the world can earn much more in lesser time. But the sad truth is, working abroad will not last for a lifetime. As humans, we will get old, get sick and tired. Sooner or later we will retire and come back home for good. Are all OFWs ready for their retirement? Do they have at least a retirement plan? Do they have enough savings for going home for good? Advertisement Many Filipinos are going abroad for decent salaries which they think will not be possible if they will stay in the Philippines. Local jobs cannot provide adequate income that could meet their daily expenses, bills, payment of rent, mortgage, monthly amortization, tuition fees for their kids, etc. By working abroad, overseas Filipino workers in the Middle East, Europe or in any part of the world can earn much more in lesser time. But the sad truth is, working abroad will not last for a lifetime. As humans, we will get old, get sick and tired. Sooner or later we will retire and come back home for good. Are all OFWs ready for their retirement? Do they have at least a retirement plan? Do they have enough savings for going home for good? Advertisement Sponsored Links Bank of the Philippine Islands (BPI) is encouraging overseas Filipino workers (OFW) to open bank accounts and invest in securing their finances. Ritchie Farinas, Overseas Customer Segment Division Head of BPI, noted that “ ... recent studies have shown that overseas Filipinos’ money habits are rather grim.” The Bangko Sentral ng Pilipinas’ second-quarter Consumer Expectations Survey showed that only 33.9 percent of households that received OFW remittances allot money to savings, and only 5.2 percent have investments. Filipino Times, a UAE-based news outlet, reported that eight out of 10 OFWs are not saving their money for retirement, according to BPI. Farinas said overseas Filipinos, who are challenged by saving and investing, should look for bank services that will help them not only send money back home but also make it easier for them to save and invest. Read also: 7 Things OFWs Should Prepare Before Going Home “OFs should really learn how to manage their finances well because no matter how much they earn, money can be easily spent. There are also different ways to send money back home, and some can be more expensive than others,” he said. BPI has been taking some steps to help overseas Filipinos become more financially stable and secure, he said. “Through a needs-based approach to financial education and planning, BPI aims to bridge the gap between remitters and beneficiaries,” Farinas said. READ MORE: 11 OFWs Illegally Detained In A Room For 1 Week, Asking For Help Dubai OFW Lost His Dreams To A Scammer Can A Family Of Five Survive With P10K Income In A Month? DTI Offers P5K To P200K To Small Business Owners How Filipinos Can Get Free Oman Visa? "No Homework On Weekends Policy" - Does it Apply to Private Schools? Sponsored Links Bank of the Philippine Islands (BPI) is encouraging overseas Filipino workers (OFW) to open bank accounts and invest in securing their finances. The Bangko Sentral ng Pilipinas’ second-quarter Consumer Expectations Survey showed that only 33.9 percent of households that received OFW remittances allot money to savings, and only 5.2 percent have investments. The statistics of OFWs who save for their retirement is only at very slim 8 out of 10, according to BPI. Farinas said overseas Filipinos, who find it hard to do saving and investing must look for bank services that will help them not only send money back home but can make it easier for them to save and invest as well. Read also: 7 Things OFWs Should Prepare Before Going Home BPI has been taking some steps to help overseas Filipinos become more financially stable and secure, according to Farinas. “Through a needs-based approach to financial education and planning, BPI aims to bridge the gap between remitters and beneficiaries,” he added. READ MORE: 11 OFWs Illegally Detained In A Room For 1 Week, Asking For Help Dubai OFW Lost His Dreams To A Scammer Can A Family Of Five Survive With P10K Income In A Month? DTI Offers P5K To P200K To Small Business Owners How Filipinos Can Get Free Oman Visa? "No Homework On Weekends Policy" - Does it Apply to Private Schools?
BPI has been taking some steps to help overseas Filipinos become more financially stable and secure, according to Farinas.

“Through a needs-based approach to financial education and planning, BPI aims to bridge the gap between remitters and beneficiaries,” he added.
©2018 THOUGHTSKOTO
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Monday, April 16, 2018

Former OFW Enjoys Earning Money From Her Own Flower Shop


A former overseas Filipino worker (OFW) decided to stay in the Philippines for good and started a flower shop instead. With the money she saved from working overseas, she can enjoy a good life without having to work abroad and leave her family behind. She advises aspiring florists to take the next step forward and pursue what they love. “To those who plan on starting their own flower shop, I suggest they go for it. This is a growing business with a lot of potentials. Everyone can be a great entrepreneur if they put their mind to it. You’ll never fail if you always believe in your passion,” she said.

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A former overseas Filipino worker (OFW) decided to stay in the Philippines for good and started a flower shop instead. With the money she saved from working overseas, she can enjoy a good life without having to work abroad and leave her family behind. She advises aspiring florists to take the next step forward and pursue what they love. “To those who plan on starting their own flower shop, I suggest they go for it. This is a growing business with a lot of potentials. Everyone can be a great entrepreneur if they put their mind to it. You’ll never fail if you always believe in your passion,” she said. Advertisement Sponsored Links When Lovie Pascual returned to the Philippines in 2012, she never thought that she would finally stay for good. “My original plan was to have a vacation. But then I had the idea of opening my own flower shop out of the blue while I was staying here with my family. Suddenly, I found myself surfing the Internet and looking for a commercial space that I can lease,” Pascual cheerfully recalled. The former head florist for Hessa bint Ali Al Khalifa–the wife of the incumbent prime minister of the Kingdom of Bahrain–now runs her own flower shop located at the Manila Flower Center (also known as Dangwa) in Sampaloc, Manila. To start her own business, she used her savings when she was still working overseas. She was able to use it as a capital to kickstart her business. The peak season of flower shops usually last from October to June, according to Pascual. Financial losses are some of the challenges a flower shop owner has to endure, especially when the non-peak season starts to arrive. But the 50-year old florist assured that since the peak season usually lasts longer, the losses are automatically gained back before April’s end. “We Filipinos are used to sacrificing things to earn. When it comes to working hard, nothing will beat us,” she stated. There’s no doubt that a flower shop is a promising business opportunity for aspiring entrepreneurs. “There is certainly a market for flowers here in the Philippines. It’s always in demand since they can be bought and be given at any time, and more often, flower arrangements are a must in several personal occasions like birthdays, weddings, and family gatherings,” Pascual shared. For this florist, client satisfaction and consistency in delivering quality services have played a crucial role in attaining her flower shop’s success. READ MORE: Recruiters With Delisted, Banned, Suspended, Revoked And Cancelled POEA Licenses 2018 List of Philippine Embassies And Consulates Around The World Classic Room Mates You Probably Living With Do Not Be Fooled By Your Recruitment Agencies, Know Your Correct Fees Remittance Fees To Be Imposed On Kuwait Expats Expected To Bring $230 Million Income TESDA Provides Training For Returning OFWs Cash Aid To Be Given To Displaced OFWs From Kuwait—OWWA Former OFW In Dubai Now Earning P25K A Week From Her Business Top Search Engines In The Philippines For Finding Jobs Abroad 5 Signs A Person Is Going To Be Poor And 5 Signs You Are Going To Be Rich ©2018 THOUGHTSKOTO www.jbsolis.com

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When Lovie Pascual returned to the Philippines in 2012, she never thought that she would finally stay for good. “My original plan was to have a vacation. But then I had the idea of opening my own flower shop out of the blue while I was staying here with my family. Suddenly, I found myself surfing the Internet and looking for a commercial space that I can lease,” Pascual cheerfully recalled.

The former head florist for Hessa bint Ali Al Khalifa–the wife of the incumbent prime minister of the Kingdom of Bahrain–now runs her own flower shop located at the Manila Flower Center (also known as Dangwa) in Sampaloc, Manila. 
To start her own business, she used her savings when she was still working overseas. She was able to use it as a capital to kickstart her business.
A former overseas Filipino worker (OFW) decided to stay in the Philippines for good and started a flower shop instead. With the money she saved from working overseas, she can enjoy a good life without having to work abroad and leave her family behind. She advises aspiring florists to take the next step forward and pursue what they love. “To those who plan on starting their own flower shop, I suggest they go for it. This is a growing business with a lot of potentials. Everyone can be a great entrepreneur if they put their mind to it. You’ll never fail if you always believe in your passion,” she said. Advertisement Sponsored Links When Lovie Pascual returned to the Philippines in 2012, she never thought that she would finally stay for good. “My original plan was to have a vacation. But then I had the idea of opening my own flower shop out of the blue while I was staying here with my family. Suddenly, I found myself surfing the Internet and looking for a commercial space that I can lease,” Pascual cheerfully recalled. The former head florist for Hessa bint Ali Al Khalifa–the wife of the incumbent prime minister of the Kingdom of Bahrain–now runs her own flower shop located at the Manila Flower Center (also known as Dangwa) in Sampaloc, Manila. To start her own business, she used her savings when she was still working overseas. She was able to use it as a capital to kickstart her business. The peak season of flower shops usually last from October to June, according to Pascual. Financial losses are some of the challenges a flower shop owner has to endure, especially when the non-peak season starts to arrive. But the 50-year old florist assured that since the peak season usually lasts longer, the losses are automatically gained back before April’s end. “We Filipinos are used to sacrificing things to earn. When it comes to working hard, nothing will beat us,” she stated. There’s no doubt that a flower shop is a promising business opportunity for aspiring entrepreneurs. “There is certainly a market for flowers here in the Philippines. It’s always in demand since they can be bought and be given at any time, and more often, flower arrangements are a must in several personal occasions like birthdays, weddings, and family gatherings,” Pascual shared. For this florist, client satisfaction and consistency in delivering quality services have played a crucial role in attaining her flower shop’s success. READ MORE: Recruiters With Delisted, Banned, Suspended, Revoked And Cancelled POEA Licenses 2018 List of Philippine Embassies And Consulates Around The World Classic Room Mates You Probably Living With Do Not Be Fooled By Your Recruitment Agencies, Know Your Correct Fees Remittance Fees To Be Imposed On Kuwait Expats Expected To Bring $230 Million Income TESDA Provides Training For Returning OFWs Cash Aid To Be Given To Displaced OFWs From Kuwait—OWWA Former OFW In Dubai Now Earning P25K A Week From Her Business Top Search Engines In The Philippines For Finding Jobs Abroad 5 Signs A Person Is Going To Be Poor And 5 Signs You Are Going To Be Rich ©2018 THOUGHTSKOTO www.jbsolis.com
The peak season of flower shops usually lasts from October to June, according to Pascual.

Financial losses are some of the challenges a flower shop owner has to endure, especially when the non-peak season starts to arrive. But the 50-year old florist assured that since the peak season usually lasts longer, the losses are automatically gained back before April’s end. “We Filipinos are used to sacrificing things to earn. When it comes to working hard, nothing will beat us,” she stated.

There’s no doubt that a flower shop is a promising business opportunity for aspiring entrepreneurs. “There is certainly a market for flowers here in the Philippines. It’s always in demand since they can be bought and be given at any time, and more often, flower arrangements are a must in several personal occasions like birthdays, weddings, and family gatherings,” Pascual shared.A former overseas Filipino worker (OFW) decided to stay in the Philippines for good and started a flower shop instead. With the money she saved from working overseas, she can enjoy a good life without having to work abroad and leave her family behind. She advises aspiring florists to take the next step forward and pursue what they love. “To those who plan on starting their own flower shop, I suggest they go for it. This is a growing business with a lot of potentials. Everyone can be a great entrepreneur if they put their mind to it. You’ll never fail if you always believe in your passion,” she said. Advertisement Sponsored Links When Lovie Pascual returned to the Philippines in 2012, she never thought that she would finally stay for good. “My original plan was to have a vacation. But then I had the idea of opening my own flower shop out of the blue while I was staying here with my family. Suddenly, I found myself surfing the Internet and looking for a commercial space that I can lease,” Pascual cheerfully recalled. The former head florist for Hessa bint Ali Al Khalifa–the wife of the incumbent prime minister of the Kingdom of Bahrain–now runs her own flower shop located at the Manila Flower Center (also known as Dangwa) in Sampaloc, Manila. To start her own business, she used her savings when she was still working overseas. She was able to use it as a capital to kickstart her business. The peak season of flower shops usually last from October to June, according to Pascual. Financial losses are some of the challenges a flower shop owner has to endure, especially when the non-peak season starts to arrive. But the 50-year old florist assured that since the peak season usually lasts longer, the losses are automatically gained back before April’s end. “We Filipinos are used to sacrificing things to earn. When it comes to working hard, nothing will beat us,” she stated. There’s no doubt that a flower shop is a promising business opportunity for aspiring entrepreneurs. “There is certainly a market for flowers here in the Philippines. It’s always in demand since they can be bought and be given at any time, and more often, flower arrangements are a must in several personal occasions like birthdays, weddings, and family gatherings,” Pascual shared. For this florist, client satisfaction and consistency in delivering quality services have played a crucial role in attaining her flower shop’s success. READ MORE: Recruiters With Delisted, Banned, Suspended, Revoked And Cancelled POEA Licenses 2018 List of Philippine Embassies And Consulates Around The World Classic Room Mates You Probably Living With Do Not Be Fooled By Your Recruitment Agencies, Know Your Correct Fees Remittance Fees To Be Imposed On Kuwait Expats Expected To Bring $230 Million Income TESDA Provides Training For Returning OFWs Cash Aid To Be Given To Displaced OFWs From Kuwait—OWWA Former OFW In Dubai Now Earning P25K A Week From Her Business Top Search Engines In The Philippines For Finding Jobs Abroad 5 Signs A Person Is Going To Be Poor And 5 Signs You Are Going To Be Rich ©2018 THOUGHTSKOTO www.jbsolis.com
For this florist, client satisfaction and consistency in delivering quality services have played a crucial role in attaining her flower shop’s success.
©2018 THOUGHTSKOTO
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