28/06/2021
Episode 3: What is your timeline?
A few years ago, prior to the pandemic, we had an assignment where we researched on the "right" FINLIT (financial literacy) for OFWs. We found out that most OFWs always knew their deployment date but not their return date. At the initial stage, they knew they are going abroad, will earn dollars and voila - their dreams will come true. But this is not the case when going abroad, in real terms. They have not thought about their timeline. But you have to think about what your timeline is, now that you are home.
What does it mean? In their case, this means that they should know how long they will be abroad. For example, if you are a domestic worker, your timeline would be about two or three (2 or 3) years. Or 24/36 months. Once you know this, you will also know that after 24 months for instance, you will not be able to make your dreams come true. Your dream house will not be ready after two (2) years. And your brand-new car. And your lifestyle too. Why? because if you will compute your timeline, you will realize the limits of your timeline. How much will you be earning after 24 months is the limit in your timeline. You will realize the money for your dreams is not yet yours. You still have to work for the money for your house, car and new lifestyle. In other words, there is no money yet! The has to be earned first. You have to work first before you call it your money.
Fast forward today. Let me share what we learned about a new timeline for those already here after working abroad. This is just simple arithmetic. Between today and age 65 years old, how many years is that? That is your new timeline. If you are 45 years old today, your new timeline would be twenty years. If you are 30 years old, between 30 and 65, you have 35 years as your new timeline. Once you know your new timeline, bear in mind that this will be your STORYLINE. A storyline is a compilation of activities you will pursue to have the outcome you want. It has a beginning and it has an ending; and in between are your chapters, stages or levels. Your storyline, as I mentioned in my previous post, should start at the ending. Now, what will be your ending, after 20 years? After 35 years? Do you see where you are after those years?
At this point, I shared to you two pieces of information, which will help you to NOT experience the likely trend for most OFWs when they return home: (1) Start with the ending of your story and (2) Your new timeline after you return from working abroad. In the next episode, I want to share what are the possible chapters, stages or levels your new timeline will consist of.
If you are interested in what you are reading here, please like, follow and share.
Some notes:
(1) In your new timeline, the number 65 refers to the possible age you will likely retire when you have an 8 to 5 job.
(2) The number 65 is also based on the information that the life expectancy of a Filipino individual was 61 years of age in 1960 and 71 years of age in 2019. In this post, I chose 65 years old for easy computation (the average 66 years old).
📸 ctto