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Thread: So, You really want to be a millionaire?

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  1. Default So, You really want to be a millionaire? 
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    by NESTOR U. TORRE

    "The popular quiz show, "Who Wants to Be A Millionaire?" promises big cash prizes - but contestants get to win them only if they know a lot of trivia, think quick on their feet, keep their cool, and are blessed with good fortune. Thus far, after one year on the tube, the show has produced only one millionaire.

    Practical tips
    For more viewers to actually end up with a million bucks each, they should watch the "Oprah" show. From time time, Ms. Winfrey's weeknight program gives practical tips for "ordinary" people to make big money, save a bigger chunk of it, and thus make their savings make even more money for them.
    Last week, for instance, Oprah had for her guest the author of the new book, "Ordinary People, Extraordinary Wealth," and he shared "little ways to end up with big savings." Instructively, not one of them involved joining a quiz program. Pencils and paper ready?":

    *Live within your means. Don't try to keep up with the Joneses - they're probably poorer than you are because they spend all their money trying to look rich!

    *Pay for your purchases and utilities in cash.

    *Keep a detailed record of your expenses.

    *Stop spending your coins. At the end of each day, collect all the coins in your pocket and save them. After some years, they'll add up to a nice, big pile.

    Time deposit
    *Cancel your cable TV subsciption. You don't really need all those channels in Chinese, Russian, Japanese and Serbo-Croatian, do you? At the end of the year, you savings from this item alone will add up to thousands of bucks, and if you keep investing that amount or putting it in time deposit, it will grow steadily through the years.

    *Take your lunch to work. Buying food in restaurants can be expensive, and additional expenses are what you want to do without.

    *Limit your subscriptions to newspapers and magazines. One or two papers would be fine.

    *Increase your insurance deductibles.

    *Set up automatic bill payments so you save on stamps and other extra charges.

    *Stop or reduce your dependence on ATMs, because they encourage you to spend, spend, spend! Ditto for credit cards.

    *Buy less soda and junk food.
    *Know the difference between need and want - and buy only what you really need.

    Appearances
    *Simplify your life, don't get so hung up on appearances, don't get bogged down by excess, and don't care so much about what other people say or think about you and your status in life!

    *Don't leave you house with more than 50 bucks in your pocket. That way, you won't have anything to spend on unnecessary things.

    *No impulse buying!
    *When you get your hands on some money, pay yourself first.
    *Look into investments. If you don't know anything about this, go out of your way to learn. But make sure you learn from really knowledgeable people, not from slick, smooth-talking speculators.
    *Time is everything. Use it well.
    *Make sure you take good care of your body. Health is wealth.
    *Don't get into debt. Live beneath your means!

    Veracity
    Aside from the author of the how-to book, Oprah also invited "ordinary" people who had in fact become extraordinarily wealthy. They vouched for the veracity of the book's tips, and pointed to the proof in their own lives.

    For example, and "ordinary" teacher had over a million dollars in the bank just because she was frugal and knew how to make her savings make as much additional money as possible for her.

    Another wealthy guest gave viewers this additional advice: "Keep putting something aside everyday, then don't touch your savings, so they will compound through the years." Wise advice for millionaires-in-the-making like - us!"




    Take it or leave it....
    Last edited by agta; 09-28-2007 at 09:32 PM.
     

  2. Default  
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    i'll take as a second opinion, but it will be more effective if you will do it with faith and prayers. what if God doesnt want you to be rich and millionaire? He has a reason for what we are today, for what we have right now but only god knows. God is good provider and he is more than enough to provide our daily needs. Nevertheless, if you believe on giving tithes is very much effective, I've tried it and it works! why dont you try too, so you can experience the abundance of God's power!
     

  3. Default  
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    Quote Originally Posted by mybabe
    i'll take as a second opinion, but it will be more effective if you will do it with faith and prayers. what if God doesnt want you to be rich and millionaire? He has a reason for what we are today, for what we have right now but only god knows. God is good provider and he is more than enough to provide our daily needs. Nevertheless, if you believe on giving tithes is very much effective, I've tried it and it works! why dont you try too, so you can experience the abundance of God's power!
    To live in a simple life is still the Best. No complications, no hassles and no headaches, you can walk along the streets with nothing to worry. "Don't make life complicated, make it simple".
     

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