One million is not so much these days. As many of those who commented on my previous article “Are you a millionaire in the making” said, P1 million can hardly buy you an SUV.
But that P1 million figure remains a psychological milestone, one that gives status and encourages a person to do more. Certainly, someone who has hit a net worth of P1 million will not stop there.
I found myself going through online groups reading how people have made their first million –- and it’s pretty addictive! Heh.
So, those who have hit that first million, why don’t you share your story? Who knows, it can be a source of inspiration to those who are still on that journey. You can begin by considering the following questions:
- Did you inherit your money?
- Did you inherit properties?
- Did you marry someone rich?
- Did you start a business and became successful?
- Did you do it by saving regularly?
- Did you do it by investing aggressively?
- Did you make your first million by working as a professional overseas?
What’s your story?
October 20th, 2008 at 5:03 am
Ahisha ( preety cute ) my first baby was born a year ago, my wife and i were very happy and blessed and forever thankful…im 32 started with nothing, been an employee since college work here and there in 11 years, got employed to 8 companies within that period…tried business and failed and broke… tears flowing huhuhu…. but life is wonderful! i got my own house and lot now, a piggery of 150 heads ( managed by my parents ) and earning $30/hr by just checking pressure gauges and thermomters overseas… The secret is in the philosophy, determination and faith.
Cheers!
chillerman
http://www.hvacphilippines.com
October 10th, 2008 at 3:51 am
I did no. 5 first , then no.4 but failed many times in business during the early days of franchising. After those failures, I tried no. 7, worked in Singapore, Indonesia and Malaysia. From there I got my first million in pesos when I was 24. Then tried no. 6, invested on MMG’s high yield schemes which was actually a big SCAM, I lost my first P1 million. That was a lesson for me but I still had some hard-earned money and was still being productive working overseas. Year 2003 me and my college buddies made our own company, a training center for domestic helpers mostly for Singapore, Hongkong and Taiwan and its our 5th year anniversary this month. Now I’m still working as a senior engineer in one of the semicon firms here in Singapore. I experienced lots of failures but I gained lots of lessons too along the way.
October 1st, 2008 at 1:01 pm
Nice that you have a wonderful wife RPF. Unfortunately, it still is the guy who should be the captain of the ship besides handling the ING of life. I’ve been to the US and I decided to buy at least 2 houses there by next year. Investing in the US will definitely be included for my 2009 Fiscal year along with expansion of business in the Philippines and IT business in the Middle East.
Marvin, I’m deeply sorry for the late reply but I’m in the Middle East for the next 3 months and will be back by December in Manila. Give me your email & I’ll have my business development manager contact you re the Livestock Business.
September 15th, 2008 at 6:59 pm
can you help me??? i just wanted to read the blog of aspiring entreprenuer ’s “My Hard Earned Savings”.. can you kindly help me??? thanks alot in advance… hope to hear from you soon
September 4th, 2008 at 4:09 am
This is a very interesting subject-glad to know that a lot of filipinos knows how to handle their hard earned income.
I don’t have highly academic qualifications,worked as a waiter in the Philippines in 1977,left for KSA in 1981 & worked as a house boy & endured the bad treatment for their “Royal Highness” moved to Malaysia in 1983 & did a string of jobs such as salesman,waiter,room boy,office boy,labourer,negotiating with muslim cigarette smmuglers to buy & promote a brand of cigarette from China,
name any manual labour & I did it. sad to say that I did not even have a technical skill but in 1998 met an american woman in Brunei ,maried & moved to the USA.
First job in the land of credit card & insurance -waiter . Made my first million (in pesos of course) in 12 months. Now I own my own transportation company.
I was lucky my wife is an executive for a 500 fortune company. When I moved to the USA ,My wife owns her own house,she bought me a 2nd hand car.
I did save good amount of money because I don’t share my income with any bills or even payment for the house or even the groceries. Why?How?
Well, I made a deal with her- I do anything that ends in ING-
Cleaning,Vacuuming,Ironing,Cooking,Driving,Washing the Car,Fill the car with Gas,Mowing the Lawn,feed the Dog(he’s dead now) shopping & of course you know that!
In return I keep my income. The good thing what she owns physically is also mind,like 401K,pension ,& she bought me an IRA , I’m practically covered by medical,dental & optical insurance.
I worked hard to what I am now but I wish I could have continued my education which is something that no one can take from you.