Why Some OFWS are Rich and Why Some Are Poor?

Why Some OFWS are Rich and Why Some Are Poor?

In this video we have business expert and Philstar columnist, Wilson Flores talk about why some OFWS are rich and some go broke and don't have any money?

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VERY IMPORTANT

Please note that the content of this video is for informational purposes only and should not be construed as financial or investment advice. Any action taken by viewers of this video is done so at their own risk and discretion. The information presented in this video is based on publicly available sources that we believe to be reliable, but we cannot guarantee the accuracy or completeness of such information.

It is important to note that investing carries a certain level of risk, and past performance is not indicative of future results. Any decisions regarding investment should be made after conducting your own research and analysis and seeking the advice of a licensed financial professional.

This video is intended to serve as a reference point and provide insights on how to analyze stocks, but should not be used as a sole basis for making investment decisions. It is important to carefully consider your own financial situation, investment goals, and risk tolerance before making any investment decisions. Therefore, we encourage viewers to seek professional advice and not to rely solely on the information presented in this video.

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#StockSmarts #PhilippineEconomy #Business

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[nierautomata]

The secret to become a rich OFW is to never remit your earnings to the Philippines but instead invest that money

[damoneymaker]

That is the same all over the world di lang mga OFWs sa Pilipinas. The world is a materialistic and most spend spend spend.

[arturoinfeliz]

Kung marunong lng sana tayo sa pera walang naghihirap bagkos maginhawa ang buhay.

[Lerry]

been doing investing since 2020 pandemic lot of learnings but pinaka importante sa lahat if you find it useful in terms of dividend investing bonus nalang yung price appreciation . We help the economy in that way nag ggrow pa ang money natin at the same

[mikesnowleopard]

if construction worker or ordinary laborer mag abroad, he can get at least 5x his salary and can probably save some. if an engineer or pro goes abroad, he'll probably earn more and save more. pero the bottom line is retirement planning and what to do with the earnings. i think it's safe to say that 70% of OFW's doesn't have financial management skills nor education. they go abroad and excited on their first project, a house. which is actually an expense since it's not something that would bring in money. after the house, they would spend for appliances, or a car, and for other stuff that also don't bring in money. most of them don't have emergency funds, nor know what an emergency fund is for. all they know is that they have a house, and maybe, can live off of their take home pay, and as usual, Filipino tradition, have their kids take over the financial responsibilities like paying for their bills, medical expenses, etc.

if you check your nearest sabungan, karamihan dyan na mukhang big time ay ofw or ex-ofw. then katagalan, wala ng pera yan kakaalaga ng manok at kakasabong. yung mindset kasi ng karamihan, they've done their job, and they deserve to relax.

[tengenemenmewegmele]

Paano mag say no sa mga mahal mo sa buhay kapag may pinabibile kaso wala ka ng pera? Pero ang thinking nila ma-pera ka.

[Will]

Poor- keeping up with the Joneses. Rich- invested their money and live below their means.

[jrfrayalde]

Ano nangyari ke marvin germo? Matagal n syang di nkikita sa socmed.

[Sarahsure]

mag DCA kayo sa stock market for long term please ofw or not .

[carlomalabanan]

Kaya daming naghihirap din na OFW gawa sa Pinas daming spoonfeeders at breastfeeders puro nakanganga lang hindi man lang tumulong sa pagkita.

[praiseverstappen]

I'm favoured $130k every 4 weeks! I now have a good house and can afford anything and also support my family

[financialfreedom]

Ang awkward ni manong Neil... feedback lang po

[MdKnightam]

For me, go for international stocks. Dont invest in Philippine market.