How many years have you been working as an Overseas Filipino Worker? If it’s your first time to work abroad, do you have any plans of going back?
Working overseas is a good opportunity for you to earn bigger and make your dreams happen. You get to earn more compared to how much you’re earning in the Philippines. Apparently, OFW life is not forever. At some point, you have to go back home and settle with your family. The question is when?
Here are signs that tell you it’s time to go back home and for good:
1. You have a house you can finally call your own.
One of the many things OFWs want to have is to have their own home. Most of the time, your family is renting a house or living with parents. This could be one of the reasons why you decided to take the sacrifice of working overseas to save up for your dream house.
If you finally have a house registered under your name, then it could be a good sign to go back to the Philippines.
READ: Buy Your Dream House with these Tips
2. There is an Education Fund for your children.
Education is something that cannot be taken away. This is why you work hard because as much as possible, you want to give the best education for your children.
While you’re abroad, make sure that you save enough for your kids’ education. This fund must be enough to sustain them until college because again, OFW life is not forever. If you have sufficient fund for their education, then retiring in the Philippines may not be an issue since you have one less thing to worry.
3. Diversified investment portfolio is one of your assets.
Savings will never be enough. You need something that will help your money grow continuously even if you are no longer working. This is where investment comes in.
There are several investment options you can choose from. The best part is you can start for as low as P5,000 to help you make your money grow. Explore your options to help you find out the best options for you.
READ: Investment Options with Less Than P10,000
4. You can start your own business with sufficient capital.
You need to do something while you’re in the Philippines. This way, you can ensure that money comes in everyday without the possibility of going overseas again. Investment will always be a good option, but starting your own sustainable business will help a lot to ensure that you have sufficient supply of cash everyday.
Therefore, you should be able to save enough to help you start your business. If you can, start your own business while you are still overseas to give you enough time to make it grow.
5. Debt, what debt?
Borrowing money is fine as long as you use it for the right purpose. It is also understandable if you borrow money, especially when you don’t have enough cash to finance important expenses such as costs related to your work abroad. Regardless, you still need to pay them by the time due date comes. When you are about to retire, you need to at least minimize your debt, if not fully pay. This way, you can truly enjoy retirement because you don’t have to worry about monthly amortizations or putting your property at risk for foreclosure.
You don’t want to lose everything you worked hard for, do you?
You might say that these signs are impossible. That could be true, especially when there are a lot of expenses you shoulder. Nonetheless, you can still make this happen. It takes a lot of discipline and commitment, but you can achieve this.