OFWs work for most of their lives to provide for their families, only to come home and continue working due to lack of savings — a vicious cycle that inspired an OFW couple to come up with a webinar project.
Launched in cooperation with real estate development company Filinvest International, the webinar project also gives OFWs a chance to be a millionaire.
Dubbed Be The Next OFW Millionaire, the project invites OFWs to participate in an online seminar to learn how to effectively invest their salaries.
The webinar called Never Work Again is by Terence and Emelia Lim, an OFW couple who earned millions while working abroad.
Participants must successfully complete a required test after the webinar and refer Never Work Again to others to earn more raffle entries.
Registered participants with the most number of referrals within three cut-off periods will get P50,000 while the grand prize winner will win P1 million net of taxes on April 14, 2017.
Cut-off dates for the P50,000 prize are on November 30, 2016, January 31, 2017, and March 31, 2017.
The grand prize will be drawn on April 14, 2017.
Be The Next OFW Millionaire's previous winner, Benedict Bigal, was a chef de partie at Kuwait before he participated in the Never Work Again seminar.
"After nung seminar, that time, naliwanagan na ko tungkol sa kahalagahan ng kinikita ko sa abroad, at ng pag-invest," Bigal said. "Pag-uwi ko, makikita ko na may naipundar ako. Hindi 'yung after 10 years, uuwi ako tapos sa wala lang napunta yung kita ko."
Most of Bigal's winnings were allocated to paying off the house and lot he bought for his family.
"Umuwi man ako ngayon sa Pilipinas, proud ako sa sarili ko na mayroon akong naipundar. Dapat ikaw ang mag decide para sa sarili mo, hindi kamag-anak mo," Bigal said.
The Lim couple earned their first millions through property investment, a venture they entered while cleaning toilets and moving boxes in warehouses in Milan, Italy.
As part-time property agents, the couple steadily learned more about the trade until they earned more in their part-time job than their 12-hour, five-day-a-week jobs.
Because of their success, the couple aims to help other OFWs break the "rich now, poor later" cycle by teaching them how to invest through "Never Work Again." —KBK, GMA News