The Catholic Why

S1E15 - Why Some OFWs Retire Broke Despite Earning Well


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In this episode, we explore why some Overseas Filipino Workers (OFWs) retire broke despite earning well for years abroad. We unpack common financial pitfalls such as lack of savings plans, excessive remittances, poor investments, and pressure to support extended families.

Many OFWs focus on short-term needs without setting clear goals for retirement or building assets. We also discuss emotional spending, scams, and the false belief that high income always means future security. Featuring real-life stories and practical advice, this episode aims to shed light on the importance of financial planning, discipline, and making wise decisions to secure a comfortable life after working overseas.

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The Catholic WhyBy Veritas Catholic Network