A few hours after it was uploaded, the article “Hidden, self-made millionaires around us” has reached the top slot in the business section’s Most Read list and 9th for the entire INQUIRER.net site. People are either in a hurry to know if people are catching up with them, or leaving them behind.
While writing the article, I was particularly happy to find that there are many millionaires around us who did not inherit their money. I lived in the province during my growing up years, and it seemed that the only way you could get rich is by being born in a wealthy family or marrying into one.
That’s not true anymore.
So, how do you know if you are a millionaire in the making? Do you have the same qualities these hidden, self-made millionaires have?
I would love to work on a full-blown systematic study on this topic, but for the purposes of the article, I found that these questions that will help you begin to find out if you are a millionaire in the making:
1) Do you live way below your means?
2) Are you a tightwad?
3) Do you own your home or actively planning to own one?
4) Are you smart in managing your credit card debt?
5) Are you an aggressive but informed investor?
6) If you are a professional, do you love your work?
7) If you are an entrepreneur, do you love your business?
Can you forego buying something that will give you status for something that will enhance your investment or business portfolio?
9) Do you spend heavily on education?
10) Are you bothered if your friends or relatives look like they have a better lifestyle than you do?
A “yes” answer to the first nine questions is a good key to being a millionaire – or billionaire – in the making.
28 Responses to “Are you a millionaire in the making?”
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Pages: « 6 5 4 3 2 [1] Show All
August 4th, 2008 at 7:24 pm
*sigh* I missed #3, #5, #9. I’m not an aggressive investor and I wasn’t able to spend heavily on education as it’s too costly to study in China where the curriculum is only in English. I’m saving up money so I can return home or study somewhere where my chances of having a good paying job is better. Right now, I’ll just enjoy the Olympics!
You shouldn’t miss the Opening Ceremonies. It’s really WOW! I’ve seen the dress rehearsals! 
August 4th, 2008 at 6:28 pm
What’s up with this question then?
“10) Are you bothered if your friends or relatives look like they have a better lifestyle than you do?”
does it mean anything?
August 4th, 2008 at 6:18 pm
i answered yes to the first nine…now where is my excel spreadsheet is