Steps to manage your money and build your wealth

There are many sad stories about OFWs coming home without realizing their goals of securing financial security despite long years of working abroad. It is heartbreaking to see old people who spend most of their adult lives working without sound investments. OFWs must therefore be more financially-smart in order to enjoy the fruits of their labor when they decide to return in the Philippines.

ofw loan

The best ways to build a brighter future while working in foreign lands is to save and invest to pursue their long-term dreams. For short-term goals like putting up a small to medium business, saved fund can be augmented with borrowed money. The easiest way to get additional money is to avail a payday cash loan. The approval period is fast so you and your family can start achieving one of your goals.

Steps to manage your money and build your wealth:

  1. Assessment of your financial status

What are your current assets, liabilities, income sources and investments? Make a list. Review them to find out your current financial standing.


  1. Make financial goals

Building wealth is not just working hard, earning much and buying properties. It is about planning and achieving them as soon as possible. It is imperative to make realistic and specific financial goals with deadlines. This will motivate you to save and set aside percentage of your monthly earnings for the future. With plan and deadline, your goals become more quantifiable and clear.


  1. Invest your money wisely

Aside from saving, another way to grow your hard-earned cash is to invest it. There are different forms of investments. It is advisable not to rush. Explore, study, and review every option that interests you. Start slow by investing minimal amount like P5k-P10k. If you are a risk-taker, you can diversify and get more investment options. This will help your money grow faster. Do not place all your eggs in one nest to be safe from possible loss.


  1. Borrow money for a good reason

As much as possible, refrain from borrowing money but if your purpose for instance is to finance a new income-generating business or real estate property, then go ahead. Just make sure to pay your obligations diligently to have a good credit standing. Best if your business or investment can pay for the loan as soon as it is able to.


Many lending companies offer loans to Overseas Contract Workers. An affordable OFW loan for Pinoys helps you fast-track financial goals. As your business grows, you can secure loans from banks if you need millions.


Do not make your OFW story a sad one. Aim for success by learning how to manage your money and build your wealth.

5 types of person before and after new year’s resolution

Are you the kind of person who always make New Year’s resolutions and vow to break bad habits? Well, you are not alone. Statistics show that many people like to plan before the old year ends and face a new year with a list-to-do. Sadly, only few manage to follow their resolutions.

Bad money habits in particular remain unchanged. Many individuals remain stuck in financial woes and stay in earn-spend-borrow mindset. This reality gave birth to various types of credit companies offering cash loan Philippines.

new year money

If you belong to the group, don’t despair because it is never too late to break the habits. It is however necessary to admit that you are guilty of one or more bad money habits such as:

  • Procrastination or “Mamaya Na”

You promise to save portions of your income to your egg nest and emergency fund. When you are not able to do it in the January, you promise to start in February. Days pass by quickly and it is June, you are still promising to save. But the result remains the same like last year – a little or nothing at all.


To get rid of this “mamaya na” habit, you need self-discipline and commitment. Every payday, pay yourself first 10% of your earnings or the amount you decide to save monthly. Do not skip. You will happy with the result at the end of the year.


  • “Bahala na”

A large number of Filipinos are guilty of this “bahala na” attitude. They spend recklessly and finance their wants. When cash is low or depleted, they look for ways like borrowing or getting loans. One of the most popular types is online cash loan in Philippines.


The downside of this habit is the potential risk of having none when there is a personal or family emergency. The best thing to eliminate this habit is to be responsible and follow a budget.


  • Pakikisama”

It is not bad to treat friends and relatives. But not at the extent of spending more than you can afford or using your savings just to please them.


An occasional treat is fine but learn to say “NO” if you see that you are being taken advantage of.


  • “Pasikat”

If you always buy stuff just to keep up with the lifestyle of your friends, you are guilty of this habit.  The “pasikat” mentality brings havoc to your finances. Most of the time, you are looking for money to finance something you want or you are using huge portion of your income to pay for it.


If is fine if you have extra funds, It is not good if you depend on your salary alone. Assess your priorities and live simply.

Eliminating these 4 bad money habits can help you save for your future goals and keep stress at bay. Avoid spending your savings. Be wise by utilizing cash loan Philippines to finance essential purchases or investments if you need to.

Benefits and Activities for Team Building

Every business needs a great and cohesive working team to become successful. Undeniably, it is of utmost importance to conduct regular team building activities to accomplish the goals of the company. The employer should allocate budget for this type of enhancement activity at least once a year.

If there is no extra fund for it, getting a business loan in Singapore from the list of licensed money lenders will solve the problem.

You may ask, why spend considerable amount of money on team building activity?

The answer is simple- it is an intangible investment which improves workers’ efficiency and interpersonal relationships.  If every employee understands his/her strengths and weaknesses, and learns to work independently or cooperatively with others, the company reaps the fruits of their labor.

Benefits of team building:

  • Improves productivity
  • Strengthens working relationships
  • Increases collaboration
  • Improves communication
  • Increases motivation level
  • Reinforces positive attitude
  • Encourages creativity
  • Enhances work outcomes
  • Defines roles and reduces ambiguity
  • Finds solutions to work issues
  • Aligns efforts around goals
  • Exposes interpersonal problems

Basically, team building is facilitated by an internal team. However, some business owners invite professional speakers or coaches to discuss pertinent topics that will equip employees with additional knowledge or skills. Getting outside speakers need additional budget which necessitates employers to use savings or get a business loan in Singapore from the licensed money lender in Singapore with good review.

A team building activity includes serious discussion, fun games sessions, brainstorming, group assignments and ice breakers. Participants are expected to work with their teams and learn the process of how to do it. They learn to adapt with tasks they need to do with the whole team. Every team must develop targets, assign specific roles and achieve goals within deadline. Studies reveal that setting goals and roles clarification significantly improve the performance of the teams, reduce conflicts, increase motivation, and enhances the cognitive and affective responses.

Planning for team building activities?

Here are some rules to consider:

  1. Refrain from really serious corporate topics. Successful team building provides opportunities for sharing-bonding experiences which build trust and camaraderie.


  1. Choose new activities that will challenge participants to get out of their comfort zones and tickle their funny bones. Make every session educational and entertaining.


  1. Keep the spirit of excitement alive after the team building activity. It is important to sustain the positive energy and keep it going inside the workplace. Initiate daily sharing of ideas, celebrate achievements and encourage everyone to attain weekly or monthly targets.

So, ditch the usual company picnics or serious seminars. Give your employees a real break from office works. Plan unique activities that will make everyone feel good, excited and accomplished. Get a legal private loan lender in Singapore can offer you a business loan if you are short of budget. The money you spend for them during team building will gain multiple returns of profits because you effectively boost their morale and confidence.