I’ve often stated here and to many friends directly that recent immigrants have an intuitive personal finance philosophy that not only embraces the pillars associated with the American dream but also runs counter to the deeply entrenched, and ugly side, of modern American life: consumerism and materialism.
Some friends get the above point quickly and agree, while others look at me like I’m an alien and think: “this guy is crazy, why wouldn’t everyone want an iPhone, a shiny black German sedan, and several Coach handbags?!”
Well, to answer the question from my skeptical friends I wrote an article for Wisebread.com entitled, “10 Life and Money Lessons My Immigrant Parents Taught Me“. Read the article and pass it along (via Digg or Tip’d).
Avoiding the Disease of Self Entitlement: 3 Symptoms and Cures
(photo: cast from the film, American Psycho)I see it all the time, twenty and thirty somethings ingrained with the idea that they deserve what they deem desirable, whether it be a new wardrobe, apartment in a trendy city, new…