Why most Filipinos dont become Rich.

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.

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.

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.

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.

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

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.

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.

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. :)

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.

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....

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.