Another Money Talk

A former staff and friend who is working in the Middle East is in the country for a short vacation. Together with another former staff who is into full time teaching, they decided to touch base with me at SM Mall of Asia for a dinner. We discussed about the old times and we also fill each other of what’s the latest in our lives.

I was happy for them as they pursue what satisfies their calling and dream, one is fulfilled teaching Math while the other is happy to visit foreign lands and earn in foreign currency. We somehow focused on currency trading and the vulnerability of  local currencies to the US Dollar. If the local currency fell, then it’s beneficial to dollar earners and exporters but harmful to some. If the local currency strengthens, well it’s the other way around.

A sumptuous meal of fish, chips, grilled prawns and squids were concluded by a timely reminder about the need to save and/or invest. During bountiful harvest, a wise farmer ensures that while his family will enjoy the harvest, he also ensure that he has enough left to plant for next seasons harvest, and a little savings for unseen future need.

Saving and/or investing is a must for foreign currency earners (expats, OFWs and bloggers like us) should learn. Much better if we’ll have a grasp of what foreign currency trading is all about and how we can use that opportunity to earn. Visiting www.fabforex.com perhaps is a good start.

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