Categories: Tips

Investments Requiring Huge Capital For OFW Retirees

Being an OFW is a tough decision yet fulfilling. Providing for your family is a noble thing to do while preparing for your retirement is beyond noble. Many OFWs prepare for their post-OFW life. It may look like such a sweet victory with finally being with your family, but do you ever think about what will be your life after working hard after all these years? 

It is usual for ex-OFWs to enter businesses, may it be big or small to provide for their daily expenses as they dive into retirement life. It is not enough to have considerable savings in the bank as nobody knows what will be our journey in our post-OFW life. Also, money runs out if not properly managed.

So here is a rundown of investments you can enter as a retired OFW: 

1. Franchise businesses

Franchise business has been a trend nowadays. If you are into juggling businesses to keep you as a busy retiree, this could be the one for you. You will need capital ranging from 50,000 to 900,000 pesos. If you want bigger franchises, you may consider allotting nearly 1 million. Big franchises start at 800,000 pesos. 

Do not put all your hard-earned money at the franchise. You should also consider having an emergency fund. Also, miscellaneous fees, permits, license fees, equipment, additional expenses will come your way. 

2. Stocks and trading

Stocks is one of the smartest ways to prepare or earn additional. Although this is a bit complex topic, invest in learning about its roundabouts. Read books and educate yourself first about stocks. If you are ready, open an account at Col Financial, a famous online broker in the country today. If done right, you will get a good return on investment to grow your money. However, always keep in mind to risk what you can afford to lose. 

3. Real Estate

Unlike stocks or mutual funds, real estate property is a tangible asset. You can own a condo or a house and lot and put up for rent. You can also enter it on Airbnb, a legitimate online booking for properties. Put it into a short or long term lease. Real estate properties increase in value as the years go by. If you plan to do, buy, and sell, you could potentially save millions.

Share
Published by
Juan in Oman

Recent Posts

OWWA Scholarship Application for SY 2025-2026 is Now Open!

The Overseas Workers Welfare Administration (OWWA) has officially announced that applications for its scholarship programs,…

3 weeks ago

DFA and Comelec Gear Up for 2025: Online Voting for Overseas Filipinos Set to Launch

The Department of Foreign Affairs (DFA) said preparations are ongoing for the implementation of online…

3 months ago

Philippine Embassy in Muscat is open every last Friday of the month

Starting this September, the Philippine Embassy will now be open every last Friday of the…

3 months ago

LTO to Launch Online Driver’s License Renewal for OFWs This Year

The Land Transportation Office (LTO) is set to roll out an online platform for driver's…

4 months ago

5 Ways to Earn Via Social Media as an Overseas Filipino Worker

In today's digital age, social media has become more than just a platform for staying…

4 months ago

Introducing the better and improved DWM Mobile App – OFW Pass

Calling all Filipinos working abroad! The Department of Migrant Workers (DMW) wants you to know…

4 months ago