Number 1 Reason Why Many Filipinos Dont Get Rich


Filipinos are known to be hardworking, resourceful and passionate towards their work. Some would even work with two to three jobs in one day, some would be entrepreneurs on the side to earn extra money, some would work overseas away from their families and sacrifice the time with them to support their loved ones. Yet some still feel that it is not enough, some may succeed but on a greater percentage, while striving harder, they seem not to gain progress. What seems to be the problem?

Because of this huge issue of the financial security, this might be because of the Filipinos’ cultural background. Filipinos believed in family ties, that is why they tend to be extra helpful and some would take full responsibility to their families.

As one of the proverb states, “give a man a fish, and you feed him for a day; teach a man to fish and you feed him for a life time.” But some people take this differently. Financial support will always be expected to those who are already working in the family. And this burden would always be placed on the eldest of the family or some who would be tasked to become the breadwinner or the sole provider.

If one would always provide and give money that instantly, one would neglect of saving some for herself or himself or worse, family members would become dependent on them. Instead of providing money, one should provide opportunity. If one is needy of money, they should be provided with the opportunity on how they could earn money. So they will not thought of borrowing money, because they already know how to make one.

One principle of being a provider is he or she should have a financial security first before extending it to family members or loved ones. It is on the principle of “you cannot give what you don’t have”.  An individual should have a personal security first and stable job and finances before extending help to other people, because if this will not be followed, it will just continue the endless cycle of seeking help to other people over and over again.

Watch this video to reflect and ponder. Share us your views.


Why FILIPINOS Don't Get RICHVideo by David DiMuzio

Posted by Tee Radio on Saturday, December 16, 2017