Word: tancaktiong
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...Children learn a lot just by observing their parents' behavior, so mom and dad need to set a good example, too. Carl Tancaktiong, son of the founder of Philippine fast-food empire Jollibee, admits his childhood was pretty plush. "I don't remember not getting anything I wanted," he says. Yet Tancaktiong, 28, says he has grown up to be reasonably frugal, not because his parents lectured about money, but because they had down-to-earth spending habits themselves, eschewing luxury-brand clothing and expensive cars. Tancaktiong, a general manager of one of the company's Chinese chains, says...
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