Category Archives: Immigrant Success Stories
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.
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.
Pierre Omidyar was born on the 21st of June, 1967 and is an Iranian-American entrepreneur born in France. His birth-place was Paris, France and his parents were Iranian immigrants. His father was a surgeon and his mother had earned reputation as an academic. The family immigrated to US when Omidyar was six years of age. He grew up at Washington D.C. and his interest in computers developed when he was at St. Andrew’s Episcopal School in Potomac, Maryland. He graduated in computer science from the Tufts University and soon after he began his career with Claris, a subsidiary of Apple Computers. In 1991, Pierre co-founded the Ink Development. It was a pen-based computing startup that later came to be known as e-commerce company and rechristened as eShop.
When Pierre was on a holiday weekend, he was busy developing the original computer code for what came to later known as eBay, the super-brand auction site. On the 4th of September 1995, Labor Day, eBay was officially launched. The services in the site were initially free but charges were introduced later on to meet the internet service provider expenses. In 1996, Jeffery Skoll joined the company and two years later, a public offering was launched and Pierre and Skoll both evolved as billionaires. Currently, the shares owned by Omidyar are an estimated $2.65 billion. The Omidyar Network with his wife Pam, is another of his achievements.
It is often apprehended that hoarding money and success can let you enjoy the secret path to becoming a millionaire. Well, it is a popular misconception that needs to be done away with. People, as they become rich rear certain habits and attitudes that go a long way in helping them stand a step ahead from the average Joe. Money and success do not shape their thinking; rather, it is the other way around. It is the conjunction of their habits and attitudes that help them to define their wealth.
Millionaires are found to have similar traits, particularly, if they are immigrants. This has been observed through the study of history. It all begins with the idea of modeling. It is important to follow a role model that acts as a source of inspiration. There cannot be a better model than a millionaire himself.
A positive attitude regarding the current financial situation is extremely vital in order to look ahead towards further growth. It can be a tremendous driving force behind the sustenance of their money-making power. This positive attitude helps them to act differently than an average person. They face obstacles with confidence, accept risks with courage and proceed undauntedly in the face of opposition. They set high goals for themselves and work relentlessly to realize their endeavor. The expectancy of success with regard to their financial goal gets realized in the process.
It has been often found that immigrants evolve into millionaires in an apparently easy fashion. As you delve deep into the system and broaden your observation, you would notice that the secret lies in the manner in which these immigrants make good use of the available opportunities. They take decisions with a fair amount of farsightedness that stems from well-informed state of mind and awareness regarding the law of the land. It is a psychological state where the immigrant leaves his country as the opportunities and freedoms are limited.
He harbors a steadfast belief that if he makes good use of these opportunities, he would surely be able to become a millionaire. The locals of the country regard these opportunities as their birthright, and they end up under-utilizing them to their fullest potential. The immigrant on the other hand regards these opportunities as some sort of a gift from God. They work extremely hard on them and are fired with the burning passion to excel beyond limits.
A few of the aspects that can be mentioned in this regard are:
- Superior industrial technology
- IT related advantages and software
- Systems that deliver
- Import export opportunities
- Diverse business opportunities and education
- Exposure towards the secrets and details that promote life and success
- Infrastructure like housing, telecommunication and other associated features
- Superior legal system and arguably the most important – respect for human rights and freedom
During the 1960s, Dr. Elwin Bautista emigrated from the Philippines to America accompanied by his wife Julia and settled down at Midwest. They basically belonged to the group of international medical graduates, who were being recruited by the medical centers in America. Dr. Bautista decided to pledge his service to the hospital, where he received his training. Elwin made good use of this opportunity to practice advanced medicine and eventually and honed his skills in surgical specialty. He went on to develop life-saving techniques that were acknowledged by the surgeons across the world. With the gradual rise in fortunes, the Bautista couple emerged as the rising millionaires.
They had always believed that regardless of being an immigrant or a millionaire, the core value that ought to be regarded dear, is education. There can be no substitute to successful education as this alone makes a complete individual, who is equipped to take all decisions with the best of intentions. This idea gets reflected in the professional status of their five children who went on attain advanced degrees in law, occupational therapy, psychology and divinity.
The journey to become a millionaire occurred when Dr, Bautista’s surgical practice caught on and he became a business partner in a successful clinic. On the other hand, Julia concentrated on enhancing their assets through conservative investments like the retirement plans sponsored by her husband’s clinic and mutual funds.
Bob’s father passed away when he was just a teenager. He began to assist his mother to run the existing family business smoothly. He had never been wealthy but, when he immigrated from the Soviet Russia, he managed to attend the prestigious private school in Chicago. He made a good network of friends who later on evolved as important business contacts.
During the World War II, he discovered that he had an IQ of over 150 through a test. This helped him to get into the department of counter intelligence. As his first step towards becoming a successful millionaire, Bob concentrated in establishing a strong wholesale network across the Midwest. This was when he returned to resume the responsibility of his family business. His firm emerged as the sole supplier of a popular brand of cookers.
In 1960s, Bob diversified his investment as he realized the unforeseen potential of the FM radio. He indulged in radio manufacturing and bought several radio stations. Two decades later, Bob had already reaped his benefits and decided to retire after selling most of his interests. He has also focused on the private-placement bonds, real estate and venture capital. He has always reiterated that to become a millionaire one needs to think, plan, invest and work in tandem. He observes, “The success lies in making more good decisions than bad decisions”.
Nina Vaca arrived at Los Angeles at the age of two as an immigrant from Quito, Equador. The goal of her family was to build up a business where all their children will not find it difficult to participate. Vaca observes today that her father had once stated, ‘the key to American dream is through entrepreneurship’. But perhaps Mr. Hernan Alfredo Vaca did not imagine that his daughter would evolve as a fantastic entrepreneur just at the age of thirty-five. Nina Vaca’s Pinnacle Technical Resources is an information technology business that had a reported turnover of $60 million in 2006.
After arriving at America, Alfredo started a travel agency and planned to have five chains of the same for his five kids. The children were required to take a bus downtown in order to witness the progress and working of the family business. After Nina’s graduation, Alfredo got killed in a robbery and decided to put the company for sale while she did her major in business from the Texas State University.
She discovered her ‘talent for attracting clients’ while she was working with a technology company in New York and Dallas. At 25, she opened Pinnacle and began recruiting IT talent for companies that required aid to administer their computer systems. She had found out a way on how to become a millionaire.
Jeong Kim had sold his telecommunications company in 1998, when he was just 37 for a whopping amount of $1.1 billion. His story of becoming a millionaire is a classic rags to riches one. Being an immigrant from South Korea, he was almost alien to the English language when he first arrived at the United States at the age of 14. He sustained himself with the help of several jobs which included a night shift at the 7-Eleven stores when he stayed at the basement of his math teacher. He was 16 at that time.
Then, with the help of some financial aid, he attended the Johns Hopkins University to acquire his engineering degree. After completing his graduation, Kim decided to join the Navy as he felt that he had some ‘obligation towards the society’. For seven years, he served at a nuclear submarine and inculcated the attributes of leadership, teamwork and integrity.
As Kim says today, he had inculcated his business philosophy from this part of his life – to say less and do more. In 1992, Kim started off as a consultant and acquired $75,000 that formed his capital when he performed a nuclear safety assessment. Then, he made a formal introduction of his technology and started to sell his switches to AT&R, Verizon amongst others. His company is called Yurie Systems. He also got involved in the optical networking business.
Ben Way believes that he was a nightmare child and was born in Devon, England. His father was an accountant and his mother was an artist. At nine, he was diagnosed with dyslexia. He was presented with a laptop by his father and within a very short span of time; Ben managed to learn the computer applications. It was the beginning of the computer age and Ben was already well aware of the intricacies of the machine. This offered him the directive on how to become a millionaire.
The parents of his friends wanted to learn computers and they approached him for help. Ben began to charge 10 Pounds for an hour of teaching. This was the humble beginning of a full-fledged computer consultancy business, which was slated to evolve as a millionaire game. The school students approached him for classes and his annual turnover was over 20,000 Pounds! This was a business that Ben ran for three years and at 16, he left school in order to concentrate on this business completely.
He evolved as a millionaire and greatly enjoyed being a part of all those chat shows. Ben was paid a six-figure salary by investors from New Jersey. It was total change of lifestyle for Ben, but then the Dotcom bubble frizzled out and he landed in a soup. In 2002, Ben established Rainmakers and again succeeded in re-establishing himself as a self-made millionaire. He deals with product ideas related to all kind of technology.