@ lorenzo admin,controlling the cashflow is verry effective way to save but what about those who are earning on minimum wage and just rely only on their salary for living..i dont think they can be a rich guy even for along period of time.and speaking of bussines only few real pinoy into a big bussines mostly foreigners who are enjoying the fraud with the connections of some govt officials,im talking about paying the tax theyve earned from their biz. and the benifits and salary of their employees.
Very false. Do you know that the Filipino-American is the highest grossing Asian ethnicity in the United States? Averaging at about $65,000 a year? And you know that Asian-Americans make the most of any ethnicity in the United States?
The average White American makes around $45,000 a year. Average Asian-American makes around $55k+. The Filipino averages at $65,000.
Many Filipinos here in the United States, if not all, are in the upper middle class or in the elite class. Majority are Nurses, Engineers, Physicians, Dentists, etc. Who make easily over $100,000 a year. If not more than that.
And do you know what is key for our success? It is our saving's ability. Filipino-Americans are incentive based. We purchase large homes not for housing reasons, but for security reasons. Homes are a good financial safe. It retains its property cost. We invest alot into our savings, on wallstreet investment as well as on franchises.
Do you know that Filipino-Americans are one of the largest Asian-American groups that are involved in the franchise industry? As in owning 2 to 3 McDonalds, Burger Kings, KFC, Dunkin Donuts, etc. This is obviously present in the West Coast as well as in the East Coast.
Do you know that the majority of physicians who are of Asian-decent are Filipinos? Filipino and Indian doctors DOMINATE the American medical field. Why is this? How is it that such a small minority group that makes up only .08% of the American population can become a major player to the entire American Medical System? Because of business incentives. And savings!
Filipino Doctors, Dentists, Physical Therapists do not settle. They end up owning entire hospitals, clinics, units, and are either the Heads of medical units. Notice that most Filipino Doctors own their own clinics AS well as do hospital rotations on the side. Business skills, my friend.
The reason why Filipinos are so successful in the United States is because of that reason. Savings. Hard work. That is why Filipinos are THE most successful ethnic groups in the United States.
When Americans think Filipino, they Think immediately of a 'Rich' Doctor, Nurse, Engineer, Physical Therapist or Teacher.
They Think immediately of Professional. Educated. Elite.
How did they get there? Savings.
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