Why most Filipinos dont become Rich.

Philippines
June 25, 2011 6:19am CST
it is by reality our country is one of those third world country of which the population indeed is diverse and had potential that may have had battled out poverty long time ago but not yet had given opportunity and priority. through different BPO companies, our country merely had clinched its way to survival because of our working force's skill in inter-language communication. with all the potential, skills, talents and abilities on hand, why does Filipinos find it hard to become rich?. it is because of the wrong mindset that was taught to us. it is not who are employed and work are those who shine in the industry but those who invest and venture into business. we filipinos have great marketing abilities we just have to save for capital and try and work hard for our goals to be attained
2 people like this
11 responses
@AJsMom (157)
• Philippines
25 Jun 11
Way back when I was in grade school (we call it elementary then), I remember the topic stating that the Philippines is very rich in natural resources. I have no idea then how rich was rich but the important thing for me was that the Philippines is a rich country by natural resources. Now question is, what happened to these resources? That resource could have made us Filipinos rich too. I think the problem lies beneath all of us. If we made use of these natural resources to our advantage, we could have made it big worldwide. Filipinos are the most sought after workers all over the world because we are industrious, competitive, intelligent, resourceful, diligent and reliable. But not all are given the chance to work abroad. And when given a chance, sometimes, the pay is lower than what they should normally get. Again the government should be the one taking care of this matter. I really hope that equal opportunity will be given to all Filipinos both here and abroad so that they will have a mindset that hard work does pay and will give us a quality of life that we deserve.
1 person likes this
• Philippines
26 Jun 11
Filipinos were raised to work hard and think like an employee. No wonder a lot of foreigners really love Filipino workers. However, Filipinos are not inclined in going beyond the employee status. They are contented with being an employee and does not aspire to become bosses of their own company. The culture also dictates so much spending and no mindset of investing or saving. Most employees just waste their hard earned money with no savings at all. I do agree we Filipinos got the talent and skills, however, most of us are financially illiterate. Filipinos are not raised to do financial management which in turn hinders them to accumulate wealth.
@mantis36 (4238)
• Philippines
26 Jun 11
i think plenty too of Filipino employee's want to have a higher positions like an Assistant manager too by means of corrupting other good job workers names which commonly called here as "SIP SIP" in a Filipino Dialect..... and there is also even thou how determine and serious you are interested in your job, still they mistakenly call you also as "SIP SIP"
• Philippines
26 Jun 11
I agree with agentgulaman. I think started in schools and in our homes when children are always required to follow the adults and those who are in authority. We have this mindset that the adult is always right and the children are there to be corrected. Also, we live in a society that bounds us to a patriarchal system of family. We are grown thinking that it is safer to be an employee forever and forget about new ways means to make money. I guess we are not really helping ourselves by thinking that we cannot expand our horizons and get out of our comfort zone. I once read in a magazine that we Filipinos don’t ask for too much and we get contentment easily. But I don’t think it will help us in the future of our people and our nation.
• Philippines
26 Jun 11
Yup! It's all in the mindset. Most Filipinos look for job security as the sole way of living. This concept is what hinders them to risk going for businesses and other ventures. Also, the concept of "study hard, get good grades then get a job" has become conventional wisdom for the common Filipino. It passes on generation after generation. That's why the gap of the rich and the masses are bloating since the masses have not developed a different level of thinking. I think this quote by Einstein should be instilled to our fellow Filipinos:"Problems cannot be solved by the same level of thinking that created them". Changing the way of thinking is hard especially if you get accustomed already to the traditional and conventional wisdom. That is why the Filipinos are not moving forward.
@jennbart (1333)
• Philippines
26 Jun 11
1. Most Filipinos here in our country are so lazy. They just want to beg in the street.They dont like to work, they just ask money from other people.They usually engage in illegal business, thus.. being in line with lethal injection due to illegal activities. They get too tempted if big money are involved.
• Philippines
26 Jun 11
Yep! A lot of people here are subscribing to "get rich quick" schemes. I think the culture of family ties developed the laziness and dependency of Filipino people. Don't get me wrong here, I don't mean to say that family ties should be destroyed. I just want that being in a family we should not tolerate laziness and dependency with the parents. Just my two cent in here!
@insulin (2483)
• Philippines
25 Jun 11
I think to the update we are the 16th poorest now and I think that is a better status however about the stuff, I think some people don't want to get rich and just live a simple and normal life just like for example a person who is just contended to have a regular job who can eat and buy he wants just for the affordable price he wants.If all people will get rich then there will be no factory workers,no crew workers,no people that will be working the construction workers and so on.Things in life can't be balance especially when if comes to the financial status of every people in every country however there are really things we need to consider and indeed I know some people who are rich but do have big obligations and just really pain and stress is what they get.Having huge amount of money in the hands means having bigger obligations and I can say most Filipino surely don't want to be reach and I would like to call it just want to be in the status of "middle class" where they can live normal and be with their family.
• Philippines
30 Jun 11
Good point in here. Ambitions and goals in life also is a factor why some Filipinos don't get rich. They lack the drive too of being on top. Being on top entails you to have more challenges and responsibilities. Well, most Filipinos in the middle class area don't want to stress themselves out of all those responsibilities. Lack of ambition makes this. I guess this thinking of Filipinos is brought about by the high dependency of Filipinos on their family. Since they always get the support from their family, their effort on achieving goals are somewhat reduced from maximum potential. Just my thoughts.
@louievill (18130)
• Philippines
20 Jul 11
The main reason why we are poor as a nation is because we incurred a large debt from the previous administrations starting with Marcos(70's-80's). Instead of having all the money we need to build infrastructure, defend our homeland, capital to create jobs and explore more ways to make money and venture in order to compete globally, a large part of our annual income goes to paying debts. Corruption has been going on for years so every new administration finds that they are more in debt than the previous and worst, some administrations get sucked in and copy or improve tactics used by the dictatorship so it makes our country including all of us get further stuck in the mud , just hope that this administration reverses the tide and not incur more debts due to corruption and pass on to the next
• Philippines
20 Jul 11
Hi newlyaldrin! I think it is because Filipinos are contended. With a little income enough for the basic needs, an average Pinoy is happy with that. There is a lack of motivation, too. Maybe this character of a Filipinos was handed down from generation to generation. It is what the new generation saw from their elders, that is.
@mantis36 (4238)
• Philippines
26 Jun 11
maybe because we Filipinos are NOT INDEPENDENT.... we used to work here in the Philippines with Foreigner is the Owner of the establishment... if not own by a Chinese, it's Korean, or American, or Mumbai Loan Debit jobs.... here in the Philippine Provinces and Cities where only received minimum wages of 2,000 Phil Pesos is enough to support only thyself but it happens that her wife is a housewife and no source of income just depends upon the minimum wage of its husband while having a total of 3 kids....
@visavis (5945)
• Philippines
25 Jun 11
Actually if we can admit all the weakness we have as Filipinos then we can realized why Philippines is one of the slowest country in the region in terms of progress among the people. There is a chain reaction on that from self to government and from government from people. We are all colonial mentality, maniana habbit, no originality, no initiative these are some of the weakness of ours including the government. Government unable to protect their people in term of creation own product, no support from government instead grab it. We have a lot of natural resources.
• Philippines
25 Jun 11
Business is the best way to become a rich person right now here in our country.But the problem is the people are not business minded our courses here are those which are in demand in other countries.If you are a business minded and is willing and confident to venture in business you would succeed.The problem also in our country is crab mentality if someone was trying to be successful others will try to pull them.One best example is in our town,our neighbor is business man he buy and sell copra then for about 2-3 years he became rich and the rebels are forcing him to share some from his business.The rebels are unidentifiable they threat our neighbor so he will share.Safety place for business is also important and the government should also participate about this problem if we are planning to a first world country.
• Philippines
25 Jun 11
yup, it starts with our mindset then attitude, etc. it starts with one's self... be the change you wish to see... imo, if we all changed our attitude from "complaining and sitting around" to "doing what i can with what i have", i think our country will become a first world country in my lifetime. :) the first thing that i notice in some people around me is that they never veered away from their employee-mindset, they're so afraid to take a chance. i don't want to be like them... i want to take "calculated" risks and invest in businesses. i like what francisco colayco's doing, he's spreading the info about saving and investing to filipinos.
• Philippines
25 Jun 11
yup, it starts with our mindset then attitude, etc. it starts with one's self... be the change you wish to see... imo, if we all changed our attitude from "complaining and sitting around" to "doing what i can with what i have", i think our country will become a first world country in my lifetime. :)