1. Personal Financial Planning For Overseas Filipinos Tony V. Ranque ERCOF Phils, Inc. BSP Regional Financial Literacy Campaign Baguio City, February 27, 2007 “ My ^ Life Story” Financial

2. INTRODUCTION “ Do you agree with me when I say that we, Filipinos, are a loving people? “ Yes, we are! For love is the main reason why OFWs are now working abroad” “ OFWs want to give better future to their loved ones”

3. INTRODUCTION “ But is it not ironic that OFWs and their families are now separated physically because of this love? “ How then can OFWs come home so that they are back together with their loved ones once more?” “ The key is through reciprocal love by the members of the family of the OFWs”

4. Map to Financial Freedom “ Wealth is having the money to fund one’s lifestyle at any given time” %

6. So, can OFWs now go home? No, not yet! Because most OFWs do not have enough funds yet to cover for their coming home Perhaps some of the OFWs are still paying debts

9. Ca $ h Golden Rule: Pay Ourselves First! Income – Expense = Savings Income – Savings = Expense    X X X (WRONG FORMULA) (CORRECT FORMULA) Remember: For an OFW , savings is not an OPTION , but an OBLIGATION! (Create a Savings Habit)

10. Ca $ h 3S – Save, Share and Spend

11. Ca $ h When Spending, Always Ask, (Create a Savings Habit) Do I need it or just want it? Needs are necessary for survival Wants are things you desire but can live without

14. Invest $ avings Evaluate Investment as to: “ The higher the return, the higher the risk!”

15. How to do it? “ Start saving even with small amounts and do it regularly” In the event we succeed, let’s share our success with others. Form Savings and Investment Groups Among members of the family, friends, neighbors, OFW Assns.

16. “ The time to start is NOW!!!” Tony V. Ranque ERCOF Phils, Inc. celfone: 0927-916-2592 email: [email_address] “ Let’s do it, folks!” “ Kaya natin ito!” BSP Regional Financial Literacy Campaign Baguio City, February 27, 2007