Why Filipinos Overseas are BROKE? (bato bato sa langit)

Hi, Im back! Im doing this blogging in my free time.

Im so happy to see many Filipinos are now working in Singapore as Professionals and have the income many of us aspire to have.

But sadly, sooooooooo many are still financially illiterate  on how to use their money however big their income compared to Philippines. So many will still go back home broke.

Many of us have been working here for years yet still no investments and insurance in place for their self and family.

What most Filipinos do today is rather show off their travels, the food they eat, prestigious hang out with friends and more in social media. But how about your bank account? Your financial worth for the years you have been working?

Wake up guys!

We dont need to be active in social media just to show off how much we earn if we dont know how to use it wisely to have a sustainable income in the future.

I am not saying that posting in Social Media or showing off your life leisures are wrong. It is your freedom and it is your right! My point is we should learn how to pay ourselves first.

Many Filipinos are still afraid in investing where it will only take a portion of their income to have a sustainable future.

Always ask yourself this,

WHAT IS YOUR "WHY" IN WORKING IN SINGAPORE?

If your why is to have a better future for your family,  a stable income, start a business that you have been planning for many years,  education of your child, buy that beautiful house you've been dreaming off... Then what are you doing now with your income?
Are you saving enough? Are you Investing enough? Are you investing enough with yourself to learn the hows of financial planning?

Forgive me for the harsh words I wrote in the previous paragraphs. I only want to share my feelings on how I see many Filipinos act here in Singapore.

Yet, the other side of the coin are few Filipinos who are wise with their money. (KUDOS)

I know a few Filipinos who are just silent yet have millions in their bank account and have plenty of investments in Singapore and Philippines. Do they enjoy their life? Yes they do! They also have travels and lots of leisures in life.

It's just these people know how to pay themselves first.  They know the value of Financial Planning in their life. 

Being financially successful is not about how big your income is. It is how much you pay yourself first to build your wealth and have a steady flow of income when the time comes to return back to Philippines.

FINAL THOUGHTS...

Let us NOT ask ourselves these questions...

 what if my S / E Pass is rejected?
 What if I lose my job?
 what if? What if...? What if...????

If you keep asking this question to yourself, then be ready to be BROKE because you will never ever make it to a decision where you can step forward towards achieving your financial goals. 
Doing nothing is even riskier than doing something something. We might as well fail doing something and learn something than not doing anything and fail without any learning at all.

LEARN to ask yourself this, 

What if im still here and Im able to work longer?
Dont you think  you have gone a long way if you started years back? How many years are you now working overseas?

 There is no right time in starting to build your financial future! The right time is NOW. Then work your ass off!

Always remember that GOD grace us this blessing. Dont waste it. Multiply it so we can be a blessing to many. God Bless kabayan!

The writer is a financial literacy advocate, consultant,  investor and businessman. He believes that we should maximise our stay overseas for investments that can bring us closer to our financial goals in life.

Should you require more information on how to start your way to reaching your financial goals, you can reach him via whatsapp +6584285361
Email: medzron.macasaet@gmail.com