MODEL OFW: He Knew How To Save And Invest His Money

Upon his return, Roy Angcaco bought 12 hectares for P180,000 so he could start planting hybrid corn like his neighbors.

In 1990, after finishng a vocational course in Automotive, he went to work in Saudi Arabia as a truck driver earning the equivalent of P12,000 a month.  While still a driver, he endeavoured to acquire additional skills that eventually earned him P40,000 a month. That was a big amount, especially to one who was employed as a driver, in the early ’90s. He was frugal and saved most of what he earned. 

I interviewed him in March 2011 just a few years after he came back to his hometown of Carmen, North Cotabato. Now, read his inspiring story.

In 1990, Roy Angcaco went to Saudi Arabia to become a truck driver soon after finishing a vocational course in Automotive. A furniture company hired him as a driver for a measly monthly pay equivalent to P12,000. A few years later, a Korean who operated a restaurant hired him with a salary of P20,000 a month.

His main job was to deliver food ordered from the restaurant. When he was not delivering food, he volunteered to help in the kitchen. And that was where he learned to cook Chinese, Korean and Japanese food.

Roy was so good in cooking Japanese food that a Japanese restaurant hired him to be the head chef with a salary of P40,000 a month. Being frugal and a bachelor during his employment in Saudi Arabia, Roy was able to save much of his income.

Soon, however, he became homesick because he was not able to attend the burial of his grandmother and his father. With his savings, he thought he could survive in his native Carmen.

Upon his return, he immediately bought 12 hectares of land for P180,000 so he could start farming. That year he also got married.

At the time of our interview, he combined farming and trading. He planted hybrid corn in his farm and operated a rice store for retailing and wholesaling. He was selling then an average of 50 sacks a day. His rice store, he said, was contributing to his success in agribusiness. Many landowners mortgaged their land to him so that he was able to plant crops other than corn.

Roy also planted rice.
A 21-hectare sugarcane plantation was mortgaged to Roy. No, that’s not him in the picture, it is another guy.

During our interview, he had a standing crop of sugarcane on 21 hectares mortgaged to him. In another area, he had a standing crop of rice on five hectares also mortgaged to him.

Great guy, this Roy Angcaco. Isn’t he? Yes, of course!

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