3 Reasons Why LeBron James is a Successful “OFW” Story

3 Reasons Why LeBron James is a Successful “OFW” Story

3 Reasons Why LeBron James is a Successful "OFW" Story

 

LeBron James is coming home to Cleveland.

That’s going to be the headline of this year’s NBA free agency.
He’s coming back after years of frustration of doing his best for the Cavs but always coming up short. He joined an organization (Miami Heat) that has done it before and could help him achieve his goal. And now he’s going back to his roots and start over again as a better person.

 

Does this sound familiar?

 

This seems the path that our overseas Filipino workers (OFW) take.

 

Frustration in the current situation, seeking (& pursuing) greener pastures, and one day go back home to establish oneself all over again.

 

I believe LeBron’s story so far is a model for OFWs to emulate.

 

And here are my 3 reasons why.

 

3. Urgency: Father Time is Undefeated

 

Lebron James: He knew an athlete can only play for so long. He wasted NO TIME. He got to the finals all four years he was with the Miami Heat, winning two championships and two MVPs with the Heat.

 

More importantly, he is a savvy investor. According to KSPR.com, “Those investments included a reported 10% stake in bike-maker Cannondale and a stake in high-end headphone maker Beats by Dre that ESPN reported paid him an estimated $30 million when the company was purchased by Apple for $3 billion earlier this year.”

 

Maverick Carter, his long-time friends, says, “James’ billion-dollar goal was centered around the investments more than his playing income or endorsement deals. It’s how you make money when you’re asleep that’s going to get you there.”

 

He knew his time is limited as an athlete and he sought mentors like Warren Buffett to help him out.

 

OFWs: Working abroad is tough. It’s a lot of hard work, but at the very least you get better compensation out of it. The problem is, there are still a lot of OFWs who are suffering from debt. We often think the having no money is a huge problem, apparently having money is as well. A lack of financial education can lead to even bigger problems.

 

You should realize that this isn’t a vacation. Make as much as you can abroad and avoid “LUHO” as much as possible, not only for you but also for your family. Don’t spoil them with material gifts to make up for your absence. In fact, you should be as “kuripot” as possible in order to allow you to come back sooner. The more you spoil both yourself and your family back home – the longer it will take for you to be able to return.

 

Seek financial advice from trusted mentors just like Lebron and educate yourself on investments you can make, so you too can grow your money EVEN while you’re working abroad.

 

Here are a few website / communities you can look at:

 

Personal Finance
The Global Filipino Investor
OFW Usapang Piso
Randell Tiongson
International Marketing Group (IMG)

Stock Market Investing Community
Truly Rich Club by Bro. Bo Sanchez
Marvin Germo

Real Estate
Foreclosure Philippines by Jay Castillo

 

2. Visionary: He’s Going to Start Over (but not from ZERO)

 

Lebron James: He’ll be playing with a totally different roster from the one he left last 2010 except of Anderson Varejao. It’s going to be an uphill climb, totally different to what he’s been used to Miami. But he knew going in that he won’t be starting from scratch. 

 

James said, “Miami, for me, has been almost like college for other kids. These past four years helped raise me into who I am. I became a better player and a better man.”

 

He planted the seeds both financially and professionally that enables him to return home with confidence that he will succeed, not immediately, but definitely.

 

OFWs: When you ask OFWs when they plan to go home permanently, they will have a vague target of a few years. I believe that’s a mistake. Give yourself a definite timeline say by the end of July 31, 2016.

 

That way, it will create a sense of urgency in you to save your income and find ways to invest it because you NEVER want to come home with NOTHING to show for. You don’t want to come home just to go abroad again because the money you worked so hard for is gone.

 

Set a deadline. Make your money work as much as you do (get properly educated first) and plant seeds in the Philippines that you can return home to. That way, you’ll confidently look forward to coming back home instead of dreading on what you’ll do next.

 

1. Influence: Home is where the heart is – care for it. 

LeBron James:

“But this is not about the roster or the organization. I feel my calling here goes above basketball. I have a responsibility to lead, in more ways than one, and I take that very seriously. My presence can make a difference in Miami, but I think it can mean more where I’m from. I want kids in Northeast Ohio, like the hundreds of Akron third-graders I sponsor through my foundation, to realize that there’s no better place to grow up. Maybe some of them will come home after college and start a family or open a business. That would make me smile. Our community, which has struggled so much, needs all the talent it can get.

 

In Northeast Ohio, nothing is given. Everything is earned. You work for what you have.

 

I’m ready to accept the challenge. I’m coming home.”


OFWs: 

 

You may not have as an influence as Lebron has but that doesn’t matter. Because the influence that really matters is the one that reaches people closest to you – your family. 

 

Working abroad is hard. If given a choice, you’d want your family to be complete and not have your children endure the same experience.

 

You want to break the cycle.

 

People choosing to, in LeBron’s words, ‘take their talents to (Dubai, Hong Kong, USA, Canada, Singapore etc.)’. There is ABSOLUTELY nothing wrong in earning a living abroad. In fact, OFWs are applauded nationwide for their sacrifice and have condemned the government for not creating enough opportunities locally. 
Reality is – Our country suffers from brain drain.

 

After your tour of duty abroad – invest in the Philippines. You can do it by starting a business & giving employment opportunities for others, volunteering for the less fortunate, promoting financial literacy etc. You can do so much to help change the direction of the future generation one step at a time. 

 

Let’s stop the victim mentality of “bahala na” instead strut with confidence and strength and say…

 

“Ako ang bahala!” 

 

May ANGAS at TAPANG at higit sa lahat…

 

May GILAS!

 

3 Reasons Why LeBron James is a Successful “OFW” Story

Allan is the founder of Truly Rich Club Blog where he writes about stock market investing for newbies via the Truly Rich Club. Click on the link to access my exclusive interview with Bro. Bo Sanchez as we talk about Stock Market Made Easy.
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