Why There Are Many Filipinos Who Are Poor?Posted by Vic on Oct 21, 2010 in Money, Money, Personal Finance, Wealth | 1 comment
Why many Filipinos are poor in this generation? I am a Filipino and it’s always been my big problem to be solved how this democratic country of mine can escape from its modern conqueror – poverty. But just yesterday, when I was trying to compare the Filipino-Chinese residents (who are mostly entrepreneurs and among the richest families on this nation), from the pure Filipino families (who are generally financially unstable), I think I figured out something that every poor Filipino should fathom. This notion is also supported by a biblical teaching I got from my regular study of the Words of God. This fact should also be considered thoroughly by our leaders to get insight on how we can bring this nation into real progress.
“Houses and wealth are inherited from parents, but a prudent wife is from the LORD.” – Proverbs 19:14 (New International Version)
Parents’ inheritance (Filipino-Chinese vs. Pure Filipinos)
Now here is my understanding. Poverty in the Philippines lies on parenting. We, Filipinos don’t usually go beyond what is ordinary – we don’t become extraordinary. I heard a lot of parents who are ultimately dreaming to give their children education and college diplomas – and that’s fine. However, parents should not make this an ultimate goal for their offspring. If we will look at inside the heads of the wealthy Chinese parents, we can read that they are aiming to give their children inheritance beyond those diplomas. They assure to give wealth (business) as inheritance to their sons and daughters. Let’s admit it; most parents are already contented to see their offspring marching on their graduations and later get a decent salary from their jobs.
Entrepreneurship and employment
Many economists suggest that entrepreneurship is the key to our nation’s progress. But why there are only few Filipino entrepreneurs and the majority are employees? Is this because most of us are not interested in doing business at all? Or there is just a deeper reason behind this? I believe it’s because most parents have entrusted us so much to education for the purpose of placing us under the realm of employment. They forget to work harder and harder to earn something that they can pass on not only to us, but also to the next generations. They are limited to giving us the inheritance of education, which also comes along with it the inheritance of employment tradition. In terms of business and entrepreneurship, only few parents can give you capital for your business startup. You need to work hard for yourself if you want to have the funds to enter into the business world.
The sandwich generation
But as I said, the inheritance of education is already a blessing which many people don’t receive from their parents. However, several parents have exhausted their money in investing for our school fees just to fulfill their diploma dreams for us. Most of them eventually become poor at the time of our graduation. After having our own family, the result is the rise of the “sandwich generation”. This term is not for the food that you enjoy for snack when you get hungry. Those who are on the “sandwich generation” are persons who are stuck in the middle of spending for their children and spending for their parents.
The lesson and conclusion
This article is not meant for our old parents – we must be thankful to them for giving us all the love, care, happiness, lessons, values and wisdom that they’ve given us. This article is for the young parents who are just starting to raise their children and for all the singles who want to become parents. We must give our children and future offspring all the love and knowledge that they need to become good persons. Furthermore, we must also work hard to give them not only education and diplomas, but also tangible wealth that can make their lives better, as well as their future offspring. It’s time to break the tradition! We must prevent producing the sandwich generation. It’s time for us to innovate and persevere so that we can assure that our children can get inheritance of wealth from us in the future. Raising a child is not like money investing which we can expect something in return once it matures. It is a responsibility which we must not expect any return, but instead expects a continuation. Parenting is God’s way to continue good life from generations to generations. We must help Him.
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