SORSOGON UNITED

When we unite, We make our life better

My Dad is a Broke OFW (An open letter to all OFW’s)

Kumusta na kabayan!

First, I would like to thank you for being an OFW. My dad used to be an OFW and I know the many sacrifices you are enduring right now just so that you can provide the best for your family. I admire you, I appreciate you and in my book, you are a true Pinoy hero.

Second, I would like to help you. I would like to help you in the same way I helped Bobet, a former OFW. Under my coaching, from being broke and in debt, in just 12 months Bobet became a millionaire. Bobet is in fact back in the Philippines. He no longer needed to work as a nurse here in the U.S. He no longer misses his wife and kids. He can now kiss and hug them everyday. He has achieved in 1 year what most OFWs will never achieve in their lifetime. How did he do it?

I taught Bobet the Secrets of Wealth. And if you want to be like Bobet, read on because I want to teach you the Secrets of Wealth as well. But there’s a catch. You will only understand the Secrets of Wealth by understanding how my dad, an OFW like you became broke.

I’ve experienced as a child what I call a roller coaster of wealth. In Tagalog, we call this “Gulong ng Palad” (Wheel of Fortune) because there are times we’re on top of the world and there are times we’re at the bottom. When my dad comes back from abroad it is like a fiesta. The alcohol is overflowing. The whole town seems to be at our door step and my dad’s pasalubongs never seem to run out. Packets of cigarette. Bottles of whisky. Chocolates for the kids. Jewelry for my mom. It is like we’re millionaires every time my dad goes home.

But we’re millionaires only for a short time.

Two weeks later, the money’s gone. My mom and dad start to argue. And my dad seriously considers going back to the ship. He borrows money from his mom – my grandmother (we call “Nanay”). One time, my mom and dad even asked me to borrow money from Nanay because both of them were already turned down. I guess that tactic worked because Nanay couldn’t say NO to his apo and we ate dinner that night.

Then things turn for the worse. The many friends who cheerfully greeted my dad’s homecoming are no longer around. Instead, creditors start hounding us, pounding at our door. At 8 years old, I am taught to lie and tell the creditor my mom is not around even though she is just there beside me kneeling and praying the creditor goes away.

From feeling like millionaires for a few days to being dead broke 2 weeks later – describing it as a roller coaster or a wheel of fortune is an understatement. My mom and dad managed to squander all their savings and more.

So 2 months later, my dad is back at the airport again. We have tears in our eyes once again as we bid him goodbye. My dad would have to work hard on a ship 10 months in a year mostly to pay off our greedy lenders and creditors.

My dad tried to invest – buying a tricycle but the business became bankrupt as fast as it was started. My dad recalled that tricycle with pride in his voice “It was the first stainless steel tricycle in our town”. He was proud of the product but he did not take the time to understand the business.

There were many days our home is literally dark because we couldn’t pay for the electric bill. Once, as a 9-year old boy, I was devastated when I saw my books have been sold so that we will have food on the table that day. Then the worst happened: we lost our home to foreclosure because there was no money left to pay for the mortgage.

Is the story above familiar to you? I bet most OFWs have the same lifestyle cycle as my dad. Rich one day then broke another.

Have you discovered the Secrets to Wealth in my dad’s story?

At its core, it really is very simple. You will be wealthy if you do the exact opposite of what my dad did.

Don’t waste your money by throwing a lavish home coming party for the whole town – SAVE your money instead. Have a small gathering with your family and loved ones. Your children will appreciate it more because they want your presence more than your presents. Get into the habit of saving at least 10-20% of everything you earn. The earlier you get that habit the wealthier you will become or the faster you will become a millionaire.

Bobet saves 50% of what he earns. No wonder he has become a millionaire in only 12 months.

But you cannot save your way to millions. You have to learn how to invest your savings. My aunt who used to work as a bank clerk, who earned 1/10th of what my dad earned as a seaman is now a multi-millionaire because she learned to invest her money. Your savings must go to “work” for you. They must produce good returns or profit. But you cannot stop there. You have to reinvest your profits so that your wealth can grow exponentially.

My aunt started a business butchering chickens in the wet market (palengke). She saved half of her profits and lived off the other half. She then put her savings to buy a store. The profits from the store and the chicken business were then invested into a farm. The profits from the farm, the store and the chicken business were then invested into a resort. The profits from the resort, the farm, the store and the chicken business were then invested into apartment buildings.

As a result of saving, investing, and reinvesting her profits, my aunt becomes richer and richer even as she works less and less while my dad because of spending, borrowing, then spending becomes poorer and poorer even as he works harder.

The choice is yours. Bobet chose to become rich and he put in the time to learn and apply the Secrets of Wealth. Bobet is now in the Philippines employing 30 people because of the businesses he started. 30 families now rely on Bobet because he applied the Secrets of Wealth and Bobet is proving you can become wealthy even back home.

I like you to be wealthy my friend. But the choice is up to you.

Dedicated to your success,

Trace

P.S. Please forward this to every OFW you know – in fact, forward it to everyone you know for that matter. Everyone needs to learn and apply the Secrets of Wealth.

Trace Trajano is a real estate investor, author of the best selling book “Think Rich – Quick” and a wealthcoach to students around the world. His vision is to create directly or indirectly 1 Million Pinoy Millionaires worldwide by the year 2020. Trace himself is an OFW living in the Mason Ohio with his wife and 2 kids. For more information go to http://BuyFirstDeal.com

—–

To our financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: http://www.foreclosurephilippines.com
Social Network: http://foreclosurephilippines.ning.com
Mobile: +639178843882
E-mail: ph.investor [at] gmail [dot] com

Filed under: Business, Business Ideas for OFW Families, Financial Literacy, Kwentong OFW, Motivation, OFW Corner, OFW Livelihood Training, ,

Twitter Updates

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 924 other followers

RSS OUR DAILY BREAD

  • Spiritually Exhausted?
    “Emotionally, we’ve sometimes worked a full day in one hour,” Zack Eswine writes in his book The Imperfect Pastor. Although he was referring specifically to the burdens pastors frequently carry, this is true for any of us. Weighty emotions and responsibilities can leave us physically, mentally, and spiritually exhausted. And all we want to do is sleep. In 1 […]

RSS DAILY INSPIRATION QUOTES

  • Inspirational Thoughts and More
    If you are looking for inspiration or you have some to share, you will find something on the Inspirational Thoughts and More page to meet your needs.

RSS DAILY VERSE

  • Isaiah 1:18
    "Come now, let us reason together, says the LORD: though your sins are like scarlet, they shall be as white as snow; though they are red like crimson, they shall become like wool."

SHARE THIS BLOG!

Bookmark and Share

Archives

Categories

RSS BICOLTODAY.COM

  • An error has occurred; the feed is probably down. Try again later.

UPCOMING EVENTS

RSS The Green Economist

  • An error has occurred; the feed is probably down. Try again later.

RSS PINOY OFW

  • An error has occurred; the feed is probably down. Try again later.

FIND OUT MORE! EXPLORE THE BEAUTY OF SORSOGON!!

 

Calendar

August 2019
M T W T F S S
« Nov    
 1234
567891011
12131415161718
19202122232425
262728293031  

eRADIO-SORSOGON

pbndzmssorsogon.blogspot.com  

RSS THIS DAY IN HISTORY

  • Genghis Khan dies
    Genghis Khan, the Mongol leader who forged an empire stretching from the east coast of China west to the Aral Sea, dies in camp during a campaign against the Chinese kingdom of Xi Xia. The great Khan, who was over 60 and in failing health, may have succumbed to injuries incurred during a fall from ...
  • Women's suffrage amendment ratified
    The 19th Amendment to the Constitution, guaranteeing women the right to vote, is ratified by Tennessee, giving it the two-thirds majority of state ratification necessary to make it the law of the land. The amendment was the culmination of more than 70 years of struggle by woman suffragists. Its two ...

PESO EXCHANGE RATES TODAY

OFW-ONLINE SERVICES

poea.gov.ph
 

ARE YOU LOOKING for a JOB?

jobsdb.com
 
jobsdb.com
 
jobstreet.com

nrco.dole.gov.ph   poea.gov.ph         phil-job.net  

   
    sorsogonunited.wordpress.com    
sorsogonunited.wordpress.com   sorsogonunited.wordpress.com
   

Proud to be pinoy

Bicol Blog Community

SORSOGONUNITED VISITORS

  • 195,556 Hits

FROM AROUND THE GLOBE

Free counters!

SORSOGONUNITED FRIENDS

del.icio.us

Top Rated

%d bloggers like this: