Working overseas is the dream for many Filipinos. It’s the promise of a better life that motivates our OFWs to sacrifice being away from home to make a living. So, when you get to that point, you want to make sure that your hard-earned money is spent wisely.

 

But, how do we do that? What can OFWs do to ensure they are using their money wisely? The secret is investment.

 

The goal is to set aside money not just for your family back home but also for investments. Investing is beneficial for OFWs for many reasons:

 

For your retirement

What you’re earning now might be sufficient to cover your family’s basic needs but might not be enough to cover your retirement. You didn’t work this hard to not think about your future, did you? An investment can help secure that retirement you’ve been dreaming of.

 

For emergencies

With investments, you have access to funds that can cover emergent expenses such as accidents or sudden loss of job.

 

Accidents don’t just mean medical expenses. So a health insurance might not be enough. When one member of the family is incapacitated, the responsibilities of that person has to be filled. Say it’s your partner who covers half of your expenses at home. If they’re not working because they’re incapacitated, your investments can cover their half.

 

For your legacy

Another benefit of an investment is to leave your kids with a well-lived life after you have gone. An investment can be your legacy to them.

 

Say your kids want to invest in real estate or start a business in the future but they don’t have the capital to get it started. Your investment can.

 

If you want all those cases covered, get a life insurance plan that has an investment component like AIA Future Builder. With this product, you can maximize the growth potential of your savings and get the life protection that you need. You have the option to diversify your investments by getting access to locally managed and globally exposed funds.

 

Want to learn more? Talk to our financial advisors. They will tell you everything you need to know to grow your hard-earned money.