The labor force in the Philippines is a beast to be reckoned with.
Our average annual estimated Employment Rate in the last three years will make Stephen Curry’s free throw stats look like he needs some mentoring.
Philippine Employment Rate (January of each year):
2018: 94.7%
2017: 93.4%
2016: 94.2
3-Year Average: 94.1%
Curry’s Free-Throw Average (last 3 seasons): 90.83%. Sorry, Steph.
But I digress. The sad news is, only a tiny portion of our 40 million and strong workforce have found ways outside of their regular jobs to earn extra money. While it’s perfectly fine to have a steady job and regular income, sometimes you ask yourself, “How can I make more?”
Some have side jobs. Others have some type of business running. And there are some who get paid by trading their unique skills and talent as services. If you’re one of these folks, kudos to you. We know it can be hard to hustle for extra cash. But while these are great, some of us just don’t have the necessary skill-set or financial capital to begin with. Sometimes, all we have are our street smarts, a bit of cash, and the enthusiasm to earn more. Where to start?
Luckily, the folks behind Grit PH and The Bright Millennial came up with this quick and easy guide – based on this extensive list of investment options by the team at Grit PH – to get you started.
VUL Insurance
P2P Lending
Stocks
Mutual Funds
Small Business
Real State
Cryptocurrencies
Buying Websites
Forex Trading
New Skills
About the Author: Amiel Pineda is a business columnist at Grit PH. Amiel escaped from the shackles of BPO life and now pursues his dream of writing full time. When not reading, he’s usually arguing about life’s philosophies with his 3-yr old son. He hopes to share his knowledge, insight, and experience to help fellow Pinoys survive the freelance life on his site: http://www.homebasedpinoy.com
