6 Self-Made Immigrant Millionaires – Dream Chasers Part I

The immigrant population of the US is made up of people from diverse backgrounds. They account for 13% of the nation’s population, and have contributed significantly to the diverse way of life More »

7 Ways to Avoid Minimum Charges on Your Credit Card

Credit cards have become what many of us would call the “necessary evil” that gives us some amount of freedom and financial control in our lives. While credit cards enables us to More »


The Land of Immigrant Billionaires

Andrew Carnegie

America is widely regarded as the land of opportunity, and so it has been and continues to be for many immigrants. Becoming a millionaire is no small fete, and does not happen overnight, unless of course someone wins the lottery. Many immigrants left their homelands in search of a better life, and after much hard work and dedication, struck gold in the US.

6 Self-Made Immigrant Millionaires – Dream Chasers Part I


The immigrant population of the US is made up of people from diverse backgrounds. They account for 13% of the nation’s population, and have contributed significantly to the diverse way of life that now exists in the country. These immigrants left their homeland in search of a better life for themselves and their loved ones. With America being well known as the land of opportunity, this is the country that many have chosen to make their new home. These dream chasers settled down to what would be for many a hard life, starting at the bottom and working their way up the ladder until they became self-made millionaires.

This will be a series of articles looking at six of America’s self-made immigrant millionaires, and their journey to copping the American Dream.

Lowell Hawthorne

The first immigrant millionaire we will look at is Jamaican born Lowell Hawthorne.

Coming from humble beginnings in his native country, Jamaica, Lowell Hawthorne arrived in America in 1981 as a 21 year old young man with a dream quite different from the one that has made him into a millionaire. His intention was to work for a year and return to his home country with enough money to buy himself a coaster bus. The cost of the buses back then was $250,000, which earned them the name “quarter million” buses by the locals. Owning a “quarter million” was, at that time, the dream of many Jamaicans who wanted to enter the field of transportation.

Hawthorne landed a job with the New York Police Department, and he pursued some studies at the Bronx Community College where he earned an associate’s degree in accounting. He was then promoted as an accountant, but his vision of someday becoming a successful entrepreneur grew even more.

Back in Jamaica, Lowell was exposed to entrepreneurship as his father operated a bakery. He began to dream of getting a Caribbean-themed, family run eatery up and running. He approached his sisters and seven brothers, who were also US immigrants, with the idea. They bought into the it, but were hampered on one hand by the reluctance of the banks to loan money for those types of restaurants, as there was a high failure rate in that area and on the other, by their lack of personal assets to secure such a loan.

The Beginning of a Dream Business

The manifestation of his dream business began in 1989 when he and his siblings raised $107,000 after taking out second mortgages on their homes and borrowing from family members. They opened the first Golden Krust restaurant in the Bronx that year. The Jamaican patties they produce have since become a staple in New York. Three years later, in 1991, Hawthorne, who was still working with the NYPD, resigned from his job to work at the restaurant full time. He received his citizenship the following year.

Since that first restaurant opening, Hawthorne’s dream business grew into a franchise. There are now over 120 Golden Krust restaurants in nine states along the East Coast, employing over 1600 people. One of this self-made millionaire’s philosophies is that opportunities are missed if one does not take risks. His venture into business is certainly one risk that was worth taking, as the company generated revenue amounting to $100 million in 2011. That success did not stop Hawthorne from thinking even bigger. He related that there were plans to expand the company’s business into the production of cooking sauces.

Lowell Hawthorne and his dream business, the Golden Krust restaurants have been featured in major publications such as, The Washington Post, Black Enterprise Magazine and the New York Times. Back home in Jamaica, he was awarded the prestigious local prize, The Observer Business Leader for 2010.




7 Ways to Avoid Minimum Charges on Your Credit Card


Credit cards have become what many of us would call the “necessary evil” that gives us some amount of freedom and financial control in our lives. While credit cards enables us to monitor and better manage our financial affairs, it can also cause us to spiral into unwanted debts. Credit cards allow you to access funds that you can then payoff on a percentage basis each month.

The credit card company will set a minimum monthly payment rate that “is meant” to help you stay on top of your payments, and stay debt free. This minimum charge can actually cause you to amass a huge debt and cost you more in the long run. Here are seven ways you can avoid those minimum charges and the huge fees they attract.

4 Taxi Drivers Who Went on to Become Millionaires


The inspiring stories of rags to riches have grown in numbers over the years, but how many times do you hear of a taxi driver moving on from his lowly job to become a millionaire? Here are five of the world’s millionaires who were taxi drivers before their luck changed.

Canadian Immigrant Success Secrets

While you may think this video is very specific to canadian immigrants, the underlying message is extremly important, spend a few minutes watching it, because it outlines the success secrets of many immigrants.

The Mexicans are most eager people to migrate to America

In a recent study conducted by La Opinion, one out of every three Mexicans was found to be interested in migrating to the United States of America. They said they were in constant search for an appropriate opportunity. They also candidly observed that they were prepared to fulfill their desires without caring much for the authorization and the documentation formalities. In this regard, we can take note of another study conducted by the Pew Global Attitudes Project, it was discovered that majority of its respondents were of the generalized opinion that Mexico is infested with crime, drug trafficking, corruption and an unassailable economic crises. This further strengthened their desire to venture to the US. They basically wanted to flee from the constraints of their country. It has evolved as a sort of dangerous belief that life in the US is far better in comparison to Mexico.

This reveals that majority of the population is in fact headed towards the wrong direction, given the reality, that this would render a considerable impact on the demography of the two nations. But then, as you glance through the immigration statistics of America, you can observe that there has been a marked decline in the flow of the Mexican immigrants in the recent months. This can be attributed to the sorry state of economic affairs or the financial downturn.

Detention of Immigrant Children worries the Consulates

A large number of immigrant children have been detained by the Federal Investigation Bureau in the recent months. The respective consulates are getting increasingly worried and confused over the status of these children. To complicate the matters further, the human right activists have stepped in claiming that these children are kept in detention for several months before they get an opportunity to reunite with their families. A number of other inter-related aspects that have come to the fore include labor and sex trafficking of these helpless children.

According to the William Wilberforce Trafficking Victims Protection Reauthorization Act, H.R. 7311, every case concerning a detained minor who is unaccompanied must be adequately investigated prior to the repatriation of the child. Factors like why they had entered the country and the immigrant status of their parents call for strict screening. But, there is a fear that the implementation of such measures might end up harming the kids rather than offering them any solace. Under this system, the minor is required to stay at the Division of Unaccompanied Children’s Services after being handed over to the Health and Human Services Office. This is a process that would take months instead of hours, as used to be the usual practice. If you look into the data obtained from the Department of Homeland Security, around 10% of the immigrants happen to be minors.

The man who pioneered cancer treatment – Patrick Soon-Shiong

Patrick was born in 1952 in South Africa during the time of apartheid. His parents were Chinese immigrants who were compelled to leave their land following the Second World War. At an early age of sixteen, Patrick attained his graduation from his school. At the age of twenty-three, he attained his graduation degree from the University of Witwatersrand. He completed his internship at the Johannesburg General Hospital and acquired his Master of Science Degree from the University of British Columbia. He also happens to be the first resident to collect multiple research awards from a host of premiere institutions like the American College of Surgeons, Royal College of Physicians, Surgeons of Canada and the American Association of Academic Surgery.

He then immigrated to the USA for his surgical training at the University of California, Los Angeles. He became a member of the Medical School faculty at the UCLA as an assistant professor at a young age of 31. In 1991, he left UCLA to come with VivoRx, a diabetes research firm. He founded the American Pharmaceutical Partners in 1997 and owns around 80% of the shares. His fortune is an estimated $3.5 billion. He is currently the founder, chairman and CEO of Abraxis BioScience, a bio-technology company that is working towards the development of effective cancer treatment. This nanotech drug is believed to be extremely potent with fewer side-effects.

Immigration Reform with regard to Health Insurance

The Executive Director of the National Immigration Forum, Ali Noorani informs that the current immigration politics in USA finds a lot of inter-relation with the healthcare issues. It is a non-profit and non-partisan forum located in Washington. Basically, the health insurance reforms are greatly influenced by the politics concerning immigration. There are over 12,000,000 immigrants who live, work and raise their children in America but, are lacking in adequate citizenship rights due to the flaws in the immigration system.

The public health insurance systems like Medicaid and Medicare excludes the ineligible immigrants from its reformed benefit allocation system. This calls for the need of adequate documentation that will help these immigrants to come to the mainstream of the health insurance set-up. Effective methods needs to be thought of and rearranged, so that 11 to 13 million Americans who do not hold driver’s license, passport of birth certificates do not end getting hauled up in the process.

Legal immigrants and the children born to immigrant parents are affected by the existing rules that exclude them from obtaining coverage in the health insurance system. In fact, as opined by a few bodies, ignoring the immigration status can be considered acceptable only when every legal resident and tax-payer can have easy access to insurance coverage. Although, immigration and health insurance are separate department, their inter-relation might well influence the upcoming immigration laws.

The ex-senior Google man – Omid Kordestani

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Although the ETFs can fluctuate, the investment can remain secure. You stand to receive the net asset value of your mutual fund investment. After the day’s transactions are over, this value is calculated. This is obtained by dividing the profits or losses by the total number of shares that constitute the fund. The movement of the ETF price is akin to the share prices. The closing price of the day is the ETF for that particular day. There are no further calculations required. The mutual funds are managed by professionals. For a mutual fund there might be a minimum subscription amount, while the ETF do not impose any such restrictions. But, the shares of the mutual funds are not burdened by brokerage charges; as such, the investor can transform his returns as handsome savings.

The choice basically depends on the expectation and objective of the investment portfolio.