Asians living in the USA.. question....
Thread Starter
Joined: Oct 2000
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From: Nashville
It seems like lots of asians live both here and in their
home country (korea, singapore, etc...)... how can someone
afford that? what do you do here in the USA?
If i moved anywhere, i would have to sell everything here
i would imagine.
Just curious. Not to just ask asians, but it seems like that was mainly who posts that has homes in two countries.
Scot
home country (korea, singapore, etc...)... how can someone
afford that? what do you do here in the USA?
If i moved anywhere, i would have to sell everything here
i would imagine.
Just curious. Not to just ask asians, but it seems like that was mainly who posts that has homes in two countries.
Scot
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From: Melbourne!
Scot, not trying to jump the gun on people who can answer this question from a personal perspective but I believe it has to do with the following:
1. extended family.
2. most asian immigrants are quite wealthy and are very highly skilled - they are the creme de la creme.
3. business ownership - running the business from 2 locations (e.g. manufacturer/exporter/importer).
4. business assignment - representing their company overseas / starting up a US operation.
1. extended family.
2. most asian immigrants are quite wealthy and are very highly skilled - they are the creme de la creme.
3. business ownership - running the business from 2 locations (e.g. manufacturer/exporter/importer).
4. business assignment - representing their company overseas / starting up a US operation.
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From: Paradise Valley, AZ miss NYC
[QUOTE]Originally posted by 2kturkey
[B]Scot, not trying to jump the gun on people who can answer this question from a personal perspective but I believe it has to do with the following:
1. extended family.
2. most asian immigrants are quite wealthy and are very highly skilled - they are the creme de la creme.
[B]Scot, not trying to jump the gun on people who can answer this question from a personal perspective but I believe it has to do with the following:
1. extended family.
2. most asian immigrants are quite wealthy and are very highly skilled - they are the creme de la creme.
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From: Baltimore
well, my family has real estate both here and overseas. i used to go visit my relatives once a year (free business/first class roundtrip courtesy of Federal Express's interline ticket services), but since i started working it's been rather difficult to do so.
Registered User
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From: San Leandro,
I would have to say that a great percentage of the asian immigrants who are here are the wealthy ones, otherwise they would not be here. Just my speculation, although I also know some immigrants who are struggling too.
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You forgot some of us are here as University undergrads. Some of us struggle a lot whereas some are really rich.
Another thing I want to add is that it's not that we are rich but rather the standard of living is higher where we came from(in certain aspects). I come from Singapore.
For example the Stook costs around USD$125000 after tax. With the money we paid for our stooks, we can only barely get a second hand civic. It's the tax that is the killer. I think that mainly applies to more developed South East Asian countries.
On the other hand, price of food is dirt cheap, with $30 USD it will feed 5 men to their heart's content. A dish costs $1-$3 US dollars and there is no gratuity.
It is a screw up world. I am still trying to figure out how people afford cars back home when their salaries are so low.
[Edited by nwk00 on 03-10-2001 at 06:12 AM]
Another thing I want to add is that it's not that we are rich but rather the standard of living is higher where we came from(in certain aspects). I come from Singapore.
For example the Stook costs around USD$125000 after tax. With the money we paid for our stooks, we can only barely get a second hand civic. It's the tax that is the killer. I think that mainly applies to more developed South East Asian countries.
On the other hand, price of food is dirt cheap, with $30 USD it will feed 5 men to their heart's content. A dish costs $1-$3 US dollars and there is no gratuity.
It is a screw up world. I am still trying to figure out how people afford cars back home when their salaries are so low.
[Edited by nwk00 on 03-10-2001 at 06:12 AM]
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From: Big Box suburb, IL
I was born here in IL, however my parents were immigrants. By no means were they wealthy and they didn't own any businesses, I suspect this for the majority of Asians that immigrate (not the other way around).
However, from my observations the ones that come here come with almost nothing in material value, they have something else that made them successful. . .a very strong WORK ETHIC, no matter how menial the labor. They tend to be more in control and goal orientated for what they do with their money which includes saving it. They saved, they sent money back home to their families, and they invest in their kids' futures. Also help early on from extended families and friends greatly improved their survival and success in this country.
After all that, because of smart saving and investing, it pays off. It did for my parents. They are both 50 and will be both retiring from Lucent Technologies to travel the world for the rest of their lives in the next year. My dad and mom had worked with Bell Labs which split off to AT&T which then split off to Lucent. He's been working with them since he was 23 yrs. old and mother since 25 yr. old. Due to hard work, savings, and oh yes, the Bell Labs, AT&T, and Lucent stock that he would have options for as bonuses really set them into the highest tax bracket (not that they are complaining being in that bracket
).
It also paid for my sister's and my college tuitions, a second home in the States, 3 hotels, 19 rental properties (townhomes), and a nice set of cars.
So, even though nobody asked, I am re-iterating my observed opinion: Majority of Asian immigrats are not wealthy, they just work hard. If you don't believe me, check out the majority of the big cities where the majority of Asian immigrants flock to: New York, Chicago, Atlanta, and L.A.
Here's an observation that I think proves my point. If you and your family were rich, would you let your son/daughter drive one of these?
I guess that I should be wrong to assume that the owner of this car is Asian. . .but hell, stereotypes are apart of life. I hate when I get stereotyped as computer nerd just because I'm Indian and not a doctor AND don't own a Dunkin Donuts/convenient store/gas station, hotel, or liquor store; hey wait, I AM a computer nerd.
[Edited by Luder94 on 03-08-2001 at 08:25 AM]
However, from my observations the ones that come here come with almost nothing in material value, they have something else that made them successful. . .a very strong WORK ETHIC, no matter how menial the labor. They tend to be more in control and goal orientated for what they do with their money which includes saving it. They saved, they sent money back home to their families, and they invest in their kids' futures. Also help early on from extended families and friends greatly improved their survival and success in this country.
After all that, because of smart saving and investing, it pays off. It did for my parents. They are both 50 and will be both retiring from Lucent Technologies to travel the world for the rest of their lives in the next year. My dad and mom had worked with Bell Labs which split off to AT&T which then split off to Lucent. He's been working with them since he was 23 yrs. old and mother since 25 yr. old. Due to hard work, savings, and oh yes, the Bell Labs, AT&T, and Lucent stock that he would have options for as bonuses really set them into the highest tax bracket (not that they are complaining being in that bracket
).It also paid for my sister's and my college tuitions, a second home in the States, 3 hotels, 19 rental properties (townhomes), and a nice set of cars.
So, even though nobody asked, I am re-iterating my observed opinion: Majority of Asian immigrats are not wealthy, they just work hard. If you don't believe me, check out the majority of the big cities where the majority of Asian immigrants flock to: New York, Chicago, Atlanta, and L.A.
Here's an observation that I think proves my point. If you and your family were rich, would you let your son/daughter drive one of these?
I guess that I should be wrong to assume that the owner of this car is Asian. . .but hell, stereotypes are apart of life. I hate when I get stereotyped as computer nerd just because I'm Indian and not a doctor AND don't own a Dunkin Donuts/convenient store/gas station, hotel, or liquor store; hey wait, I AM a computer nerd.
[Edited by Luder94 on 03-08-2001 at 08:25 AM]
