Business
- Needs Passion, Strong Capital, Time (for starters)
- Study the business make sure you know the loop holes or in & outs
- This requires a lot of Patience
- Risk
- Takes 3-5 years to say that you are stable & strong
- Make sure you know your product very well and loves it
This really requires a lot of people skills and time dedication, you are going to encounter problems everyday and every time a problem is solve, a great profit is such an satisfying reward. The greatest challenge there is on how to maintain the growth of your profit monthly, quarterly and annually.
Property Investments
- Long Term Investments
- dugay ang ROI
- Risk
- Passive Income
- High Appraisal Value
- Can be use as Collateral
- Easy to find Capital & payment is stretchable & negotiable
Real Estate is one of the Best Investments all over the world. Shelter is a need in every individual like water, food and air. for an OFW like you I would suggest this one. It's hassle-free while earning a passive income. but be careful on what property to buy, always make a research on what you are getting into esp. when it is involve with money.
• In Real Estate it's always Location, Location, Location. (Choose the right location)
• Don't Hesitate to pay a High price for a Prime location.
• Make sure all the papers are Clean, no matter how small it is.
• Make sure the property you bought is mature enough for a Investment
- What do I mean by that? Go back to the first one...Location!
Example: you bought a property in a province for 2 hec. because it's cheap, but what will you do with it to be income generating? Plant more trees? make it a farm? let care takers live there for free?
I'd rather buy a small condo unit within the City and rent it out for 15k/month or a small parcel of land & build a apartment. Than having a farm on the province and earns only when it is harvest time. Although it's not that bad but, If want to earn big on Farming you need to Invest Millions.
