The main reason Filipinos move to the UAE is to seek a better life for them and their families financially and position themselves to a quality of life in the future. The biggest chunk of why Filipinos come to the UAE is to send their siblings or kids to school, followed by sustenance to their family’s monthly expenditures, savings, debt payments and investments.
Unfortunately due to the general stresses of life, the main purpose of travelling halfway around the world away from the people we care about is often forgotten. It is also to the detriment to our happiness and financial success.
We see the same story over and over again just repeating itself, our solution is to sit back and ask the questions of why we really come here in the first place and what needs to be done to ensure we achieve that.
Firstly we ask, “Why did you come here?” – The answer is more often than not money for my family.
Secondly we ask, “Do you send money back home?” – The answer to this 91% of the time is yes.
We then ask do you save anything for the future? – The answer is 72% of the time is no.
So ask ourselves, why stay in the UAE for so long when we are simply living in the now, supporting ourselves in the present, supporting our families in the present but not considering our futures both for ourselves and for our families.
Filpera is aiming to change the way OFW’s understand finance by educating on how to structure their money—from savings and protection to investment, ensuring that OFW’s in the UAE make the right financial decisions both in the present and the future.
Filpera is the Financial Planning Division of Arlo Insurance Brokers LLC (Arlo Associates), licensed and regulated by the United Arab Emirates Insurance Authority Registration Number 248, Dubai Economic Department Commercial License Number 730646.
Filpera is the Debt Restructuring Division of Apex Restructuring Solutions Financing Broker LLC, licensed in the United Arab Emirates under the Dubai Economic Department, License number 820214.
Filpera is a brand name of Filpera Ventures FZE, licensed in the Fujairah Creative City, United Arab Emirates, License number 12975/2018.
© 2018 Filpera. All rights reserved.