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 6th, 2008 at 1:19 pm
Hi Katatonic, glad you like the articles :-). You might want to go through the categories to find topics that are interesting to you. Join the conversation and jump in if you have any questions or comments!
August 6th, 2008 at 12:14 pm
DB, isn’t that just amazing! She sounds like an Ilocana to the core. I particularly like number 10. Number 9 is not an option for me because I love children and number 8 is something that everyone can do, right now. People are so interesting
August 6th, 2008 at 12:07 pm
Hi Salve, I’ve been browsing through your archives for the past hour. Very interesting pieces, I must say. I’m buying a car by year-end to drive the kids to school (next year), but I can’t wait to have one of my own. Can’t rely on my hubby to keep driving us everywhere. The car-buying and driving tips that many have cited will help narrow down my choices.
August 6th, 2008 at 11:58 am
@boy and girlfriend, don’t forget — the first million is the hardest. It gets easier from there! for sure, you won’t stop at one million
August 6th, 2008 at 11:56 am
@Mikoy, thank you for adding number 11 :). Very good point. For example, couples who support each other find it easier to succeed financially.