Top 8 Investments Overseas Filipino Workers Must Have While Working Abroad

Investments Overseas Filipino Workers Must Have While Working Abroad

I will provide a list below are the Top 8 Investments Overseas Filipino Workers Must Have While Working Abroad.  Investments are arranged in order of ranking from most important to least important.

1.  House and Lot

  • Nothing feels better than being home.  So knowing that you have your own quiet and safe place after a long contract abroad, makes you feel at ease.
  • Government supports family housing programs to its citizen as well. Thus, monthly amortization that will suit your budget.

2.  Bank Account

  • Nothing can go wrong with your money when you saved it in a trusted bank.  I specified trusted bank because rural banks might be available within your area.
  • You can also consider investment plans, such as time deposits and bonds, offered by banks.  This will give you a much higher interest than maintaining an ordinary bank account.

3.  Land or Condominium

  • Location is the most important thing you need to consider when you buy land or condominium.  The land or condominium must have an easy access to public places such as fire department, hospitals, malls, schools, police station, etc.  The area must also be free from natural disasters like earthquake and flood.
  • Acquiring good land means better appraisal which leads to future mark up if the property is intended for sale.
  • Land or condominium can also be leased to others in exchange for monthly rental income.

4.  Jewelry

  • High-end jewelry like gold can still be a good investment.  You can use it or mortgage it in case of emergency.

5.  Variable Life Insurance

  • Companies started to offer variable life insurance that can be payable monthly, quarterly, bi-yearly or yearly.  This is a permanent life insurance policy with an investment component.  VUL has cash surrender value.  The longer you let your money stay as an investment, the bigger the CSV.

6.  Mutual Fund

  • A kind of investment funded by the money collected from all investors for financial securities such as bonds, money market instruments, stocks, etc.

7.  Stocks

  • Big and stable companies allow the public to get partial ownership of their corporation by issuing shares of stock.  As a result, stockholders will received dividends either in cash or in kind (additional shares of stock).

8.  Car

  • Why do you need to buy a car if you’re not always at home?  Who’s gonna use it while you’re away?  Or is it really important for your family to have one?  These are the questions you need to answer before buying a car.  In case you think that your family needs to have one, at least buy the cheapest one.  Have in mind that you don’t have any control on how they gonna use your car.  So better save your money and wait until you come back, then you can finally invest in your dream car.


*** After learning all The Effective Ways on Handling Your Finances While Working Abroad, you are now ready to take off by following all the possible Investments Overseas Filipino Workers Must Have While Working Abroad.  ***

Join our Newsletter Sign Up for Regular Updates!

Related posts

7 Thoughts to “Top 8 Investments Overseas Filipino Workers Must Have While Working Abroad

  1. It is quite informative, I agree with you and prefer having own home would be the best investment for people working abroad. Keep sharing your knowledge and research. Thank you for posting a helpful article.

  2. This is quite informative. Thanks for sharing the knowledge and keep posting more.

  3. I must agree with you Adrian. It’s very advantageous when a person starts to work abroad at a very young age. At least more time to plan for his/her future. I heard so many different stories from OFW about how difficult their financial situations since most of them already have their own families.
    travel ch3f recently posted…8 Reasons Why You Must Travel When You are SINGLEMy Profile

  4. My father has been an OFW for more than 10 years now. Though i’m not an OFW myself, I’ve learned a lot from my father’s experiences. If you’re planning on working abroad, work while you are still single so you can focus on earning for yourself. I think in the early days of working abroad, a condo would be a great start instead of a house. Then, that’s when you think about investing in a business. So by the time you have your own family, you don’t have to go and work abroad anymore.

  5. […] as I started discovering myself and internalized my deep emotions.  Moreover, I uncovered too the Top Investments Overseas Filipino Workers Must have While Working Abroad and the Effective Ways on Handling Your Finances While Working […]

  6. I do agree with all of these points but I think one of the essential things to have at least is having your own insurance and investing for your house. Anyways, thank you for sharing this. I’m also thinking about stocks that will be tough though. Cheers!

    1. I agree with you. Personally, house is the most important investment. As for me working abroad, spending my vacation time in my own house gives me not only that comfort, but also the security as well. It’s easy to stretch a budget for food, but not for shelter. Thanks for dropping by!
      cheftinamanzano recently posted…8 Jobs with Free Travel BenefitsMy Profile

Leave a Comment

CommentLuv badge

This site uses Akismet to reduce spam. Learn how your comment data is processed.