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|4 Recession-Proof Tips from Rags-to-Riches Immigrant CEO|
|News Releases - Business, Economy & Finance|
|Written by Ginny Grimsley|
|Tuesday, 19 March 2013 10:56|
Today, millions of Americans are suffering hardship due to the toughest economic downturn since the Great Depression 80 years ago. Unemployment remains critically high, near 8 percent, even though companies and the stock market are doing very well.
But the challenges Americans on Main Street continue to face pale in comparison to those endured by Daniel Milstein, who immigrated to the United States as a teenager from Kiev, Ukraine, during the last days of the USSR’s control of the Eastern Bloc.
“Everything was different; the food, the clothing and even the new English alphabet I was to learn, which has 26 letters instead of the 33 that I was used to,” says Milstein, author of “17 Cents and a Dream,” (www.danmilstein.com). “My family was allowed to leave with only one suitcase and $75 each – plus I had 17 cents for the postage necessary to send a letter to my friend in Ukraine.”
Impoverished, confused, feeling like an outsider and unable to speak English, Milstein did what he knew best – hard work. He would start by studying relentlessly and picking up every shift he could at the local McDonalds. Eventually, he received his bachelor’s degree with Cum Laude honors in business management and Honorary Doctorate Degree from Cleary University. Dan Milstein became the founder and CEO of Gold Star Financial, the 42nd largest residential lender in the country.
Milstein and his company have continued to thrive throughout the recession, thanks in part to the lessons he learned as an immigrant. He offers these tips for making yourself recession-proof:
“Certain things can be taken away from you in your life – the recession has proved this true for many people,” Milstein says. “But there are also characteristics and personality traits that can be yours, unbroken by other people or shifting circumstances, for the rest of your life.”
About Daniel Milstein
Daniel Milstein came to the United States with a handful of change as a teenager and eventually founded Gold Star Financial, which in 2009 was listed as one of Inc. Magazine’s 500 Fastest Growing Companies. Born in Kiev, Ukraine, Milstein endured an oppressive government in the U.S.S.R., religious persecution and life-and-death situations, including living in the fallout of Chernobyl, the deadliest nuclear meltdown in human history. He worked his way from scrubbing toilets at a McDonald’s restaurant to running one of the fastest growing financial firms in the United States.
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