Many Filipino households rely on the remittances sent by a family member working overseas to sustain their monthly needs. However, this may not be sustainable in the long run—as once their work dries up, so do the family's coffers.
But the good news is that families are getting smarter! A 2021 Consumer Expectation survey showed that households are investing twice as much in the second quarter of 2021. Investing lets your money work for you, and many Filipinos are not passing on the opportunity to preserve their finances by opening up another income stream to sustain their family's needs.
When you think about investing, a business will likely cross your mind. But where do you start to build something lasting and profitable? Your new income stream must be relevant and timely, even in the post-pandemic Philippines.