Money & Investing | Asian American Poll

MONEY & INVESTING
(Updated Tuesday, Apr 1, 2008, 05:12:06 PM to reflect the 100 most recent valid responses.)

Who handles the household checkbook in your family?
The Wife | 74%
The Husband | 26%

Which of the following ethnic groups attaches the most importance to making money?
Chinese Americans | 51%
Vietnamese Americans | 14%
Japanese Americans | 1%
Corean Americans | 30%
Filipino Americans | 4%

Which of the following do you consider to be your most important investment method currently?
Buy/Upgrade Own Home | 39%
Other real estate | 4%
Stocks/Options/Futures | 31%
Mutual Funds | 10%
Bank Deposits | 16%

This poll is closed to new input.
Comments posted during the past year remain available for browsing.

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WHAT YOU SAY

[This page is closed to new input. --Ed.]

MLK:
"Would your security net still be there when all your family and friends all of a sudden only want to associate with you because of your money?.."
Huh? I'm not following. That is exactly the reason why I dont care to 'show off'...b/c once I do, I have to question everyone's motives.

AC Dropout:
"The points you listed seem more like your personal experience, than a universal experience for all people who achieve wealth."
Arent all of our thoughts shaped from personal expereinces and observations? Not all wealthy people live materialistic lifestyles.

Yeah you're right, I do want to be content. And I'm envious of all who have achieved it. Life still confuses me from time to time....one thing is for sure, I dont want to be like certain aspects of my surrounding (who are fake).
be Saturday, June 01, 2002 at 23:35:52 (PDT)

AC Dropout

"...Happiness is the ability to live your life without social constraint. Having the ability to do what your want, when you want, however you want is happiness"

So that's your definition of Happiness. That's fine. Everyone has a different definition of happiness and we would all be quite boring if the exact same thing made all of us happy on the same scale. Here is my definition of Happiness.

Happiness is...seeing someone happy as a result of something that you did for him/her. It is the attainment of something/someone that you thought would forever be out of your reach. It is the light at the end of the tunnel, the calm after the storm, the first tiny flowers in the frost after a long cold winter. It is the soft and inviting couch after I get home from an exhausting day at work, and the excited and fierce loving attention from my puppies who are so happy to see me well and alive after a whole day of missing me. It is being loved and being able to love another human being. It is also in the knowledge that my Creator loves me.

Having all I want and doing everything I want when I want and however I want, seems to pale in comparison to the things listed above that make me happy. After all, how can you buy the feel of a couch on your tired body after working hard all day, or the relief of that glimmer of hope (that light at the end of the tunnel) when all hope is gone? And you couldn't possibly buy the sincere love of someone who truly cared for your well-being. And you can't buy the ability to return that love (either you're a loving person or you are unable to love, it's that simple). And you can't buy your Creator's love. It's already there. And you can't buy my puppies. They're mixed and not worth anything at all monetarily, but I love them, and they aren't for sale at any price.
MLK Friday, May 31, 2002 at 20:29:01 (PDT)

MLK,

Those are famous last words from women who have challenged me before. Only my tenacity proceeds my creativity and passion for flowers. For I too keep a small humble rose garden. I assure you, when in season the quality, intesity, and multitude of the blooms are sure to leave you breathless.

I think you very lucky to inherit your roses. I had to develop my garden from scratch. The landscaping and the planning did cost quite more than I expected. But it was worth the effort. Quite priceless I might add.
AC Dropout Friday, May 31, 2002 at 11:59:38 (PDT)

to be
You seem quite in touch with yourself too. I wonder how you would react if you all of a sudden came into some serious money. It would be interesting to note whether or not you would keep your sense of priorities. Would your security net still be there when all your family and friends all of a sudden only want to associate with you because of your money? What about new friends? What if one day, we met. Would you think that I wanted to hang out with you because of a potential gain that I could get from you monetarily?

AC Dropout
I hired an old old old Vietnamese man to do the garden. He didn't charge me very much (bi-monthly, I pay him...he does the gardening one week and general handiman, clean-up the next week) because he's not really "legal" and was glad to get any kind of income. He does wonders with my roses, which are the kinds that bloom in triplets and quads on the same stalk. I didn't plant them. They were there when I bought the place because the couple who lived there before I did was an old old old couple who loved roses and I just inherited them. And, yes, I understood your snide remark. It takes a really creative and passionate man to keep up with me. I'm too much of a woman for you. I think I'd wear you out!
MLK Thursday, May 30, 2002 at 12:27:35 (PDT)

be,

I'm not sugggesting the world to buy rare items or high art. Rememeber I was only using Billy Joel's piano as an example to MLK's $6,000 piano. She stated that there was added value in the fact she have to a saving plan in order to make the purchase. That she would not appreciated as much if she was worth X Millions and could make the purchase outright. I'm just saying that with wealth comes appreciating luxury items in a different price bracket, which also have their own "saving plan."

"I worry about you though."

Then I will give you permission to add me into the your prayers every night. But not to worry I'm a pretty well balance guy. I've failed many times prior to my current success. I'm sure if I'm still able to reinvent my business I will be on the come back road very quickly.

Why do you feel wealth and enjoying nonmaterialistic lifestyle are mutally exclusive?

The points you listed seem more like your personal experience, than a universal experience for all people who achieve wealth.

I for one didn't experience that. But then again many of my close friends and family are relatively poor. I don't wish to make people uncomfortable around me, and I hate being compared to. When I hear parents tell their kids my past accomplishments, I will always be the first to play it down or interpret them in a lesser light.

Perhaps you use to corrolate money with happiness. I never had that problem.

Happiness is the ability to live your life without social constraint. Having the ability to do what your want, when you want, however you want is happiness (which is independent of money). But that is just my opinion.
AC Dropout Thursday, May 30, 2002 at 11:28:24 (PDT)

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