Why Should OFWs Invest in Real Estate Properties?
Repatriated Overseas Filipino Workers or OFWs arrive at an airport after being allowed to go home following weeks of quarantine amid the spread of the coronavirus disease (COVID-19), in Pasay City, Metro Manila, Philippines May 26, 2020.
Filipinos are very hard-working. They are willing to go on the extra mile just to attain the hopes of a better life for their families. Due to poverty, it cannot be denied the fact that a lot of us need to go overseas to seek greener pastures. Being an Overseas Filipino Worker (OFW) means sacrificing their chance of being with their families and missing important occasions, such as holidays, birthdays, and anniversaries.
OFWs experience different types of hardships. They are suffering in terms of physical, mental, social, and emotional. On several grounds, OFWs are actually considered our modern-day heroes because of their sacrifices that help their families as well as their contributions to the Philippine economy.
According to the 2019 Survey on Overseas Filipinos, there were approximately 2.2 million Overseas Filipino Workers (OFWs) who worked abroad from April to September 2019. However, based on Philippine Overseas Employment Administration (POEA), the total OFW deployment dropped to 549,800 in 2020, contracting by 74.5 percent, mainly attributed to the travel restrictions imposed to address the rising number of COVID-19 cases in the country.
Because of the uncertainties brought about by the global pandemic, every OFWs should know how to properly allocate hard-earned money to ensure that none of those goes to waste. Of course, every OFWs want every cent of their money to be well-spent. Nevertheless, using the money only to address the needs of the family must be fleeting, so OFWs should also seek stable investment options to make their money work for them as well. Sure, stocks, mutual funds, businesses, insurance plans, and even cryptocurrency can be options. But an investment that is really ideal for OFWs is a REAL ESTATE PROPERTY INVESTMENT.
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