Nasa tao yan, wala sa ethnicity. But background really influences you as well. Yung mga kakilala ko na galing sa entrepreneurial families, whether pure filipino or chinese, usually mas simple and masinop sa pera.
Yung mga galing sa pamilyang empleyado, kahit magnegosyo, gastos mindset pa rin. Which is why it takes additional effort to recognize that income from business revenues aren't meant to be consumed like salary, but rather be reinvested in the business.
My friend who owns Suds Laundry utilizes his company's income on expansion and franchising. The last time we met he was driving an old City (year 2000) which he bought from his dad for a small value. He does have vans that he use for delivering supplies to the different branches across Metro Manila. Very simple guy with few little luxuries that I know of.