Once you’ve saved up enough money for emergencies as well as your daily needs and wants, you should consider growing your wealth by investing your extra money. Doing this can help you achieve your long-term goals and prepare you for the life of your dreams. How? Well, savings alone won’t be enough after inflation, and what you can afford today may be more expensive in the future. Thus, putting some of your savings into investments could add to what you already have, leaving you with some extra cushioning for retirement.
After months or even years of working away from loved ones, overseas Filipino workers (OFWs) should have something set aside for the time when they finally come home to their families. For most, the first thing that comes to mind when it comes to building funds is saving, but while saving is one way to build your funds, it does not generate the high returns you would earn from investing.
Life as an overseas Filipino worker (OFW) is no walk in the park. in fact, you sacrifice time and energy away from home to give your loved ones the best life. So, when the time comes to reap the rewards of your labour, make sure everything was worth it by following these key money management tips.
From a humble group of Filipina nurses in the 1960s, the Filipino community in Toronto has grown to over 250,000 people, composing 62% of the entire Filipino-Canadian population. Today, Pinoys are a permanent fixture in Toronto’s cultural mosaic. They are bustling people, who help each other adjust to culture shock and manoeuvre life in their new home in The Great White North.
You have settled down and unpacked in Canada, your new home, and you’re ready to start a life of growth and adventure in this huge North American country, but you’ve noticed that apart from its different sights, sounds, and smells, The Great White North also has a culture that needs your respect and attention.
While British culture may seem alien to a newly arrived overseas Filipino worker (OFW) like you, you may be surprised to learn that British people are more similar than you think. From their highly contextual communication style to their use of humour to deliver tough news, British people interact in a way that’s familiar to Filipinos.