“For my family, being thrifty is not about greed — instead, it’s about trying to create a financial safety net in a country where we started with none. My mom learned this the hard way from her own mother, and I know she’s trying to pass it along to me”
Photo-Illustration: by Stevie Remsberg; Photos Getty Get That Money is an exploration of the many ways we think about our finances — what we earn, what we have, and what we want.
This is not unusual. My mother has sent similar emails to my siblings and me about the compound interest we stand to lose if we don’t contribute the maximum in our retirement funds, and news articles about how to make smart investments. She helped me set up my 401 when I first started working, and is the person I call when I’m confused about my Roth IRA.
As a teenager, my mom came to America from Taiwan with her parents. Her mother dreamt of becoming a fashion designer in New York City, which she imagined to be much more glamorous than the island where she was born. She did eventually start her own clothing label and, more lucratively, ventured into real-estate development with my grandfather in Flushing, Queens. For awhile, they were an immigrant success story.
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