Financial Lessons from Immigrants: Work Your Way Up

José Wilfredo Flores came to the U.S. with no money and no papers. Now his business makes $6.6 million a year.

As a 14-year-old in El Salvador during its brutal civil war, José Wilfredo Flores faced a choice: Join the guerrillas or join the army. “The guerrillas would come to our house,” says Flores. “We had to hide. You couldn’t say no because then they would think you were on the army’s side and shoot you. A few hours later, the army guys would come and say, ‘We want food. We want to take you.’ If you said no, they’d think you were with the guerrillas.” In 1984, Flores’s mother made her own painful choice. She paid $1,400 to a smuggler, or coyote, to help guide her son to Washington, D.C., where his uncle and his 18-year-old brother lived.

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Jane Bennett Clark
Senior Editor, Kiplinger's Personal Finance
The late Jane Bennett Clark, who passed away in March 2017, covered all facets of retirement and wrote a bimonthly column that took a fresh, sometimes provocative look at ways to approach life after a career. She also oversaw the annual Kiplinger rankings for best values in public and private colleges and universities and spearheaded the annual "Best Cities" feature. Clark graduated from Northwestern University.