10 Secrets of Millionaires' Money Management

Reader Comments
Back to article

I am proud,greate full and happy of having avery thing i have thought when I was yang and it was first to get $300.000.000 when I was still yang and to be the reachest gay in my countrie to, crayt my own airline in Ethiopia (Addis Ababa). Then I actuale got the mooney first when I was young and than I crayated my airline.THANKS I AM NOW THE MOST HAPPYEST YANG GAY ALIVE AND I AM NOW GIVING MONEY TO GATE MOONEY!!!!!!!!!!! (THANKS,THANKS,THANKS...)

Melaku Michael 12:40PM March 29, 2010

Thank you very very much for this article. Thanks a lott. :)

pankaj 7:26PM February 09, 2010

Hard work is the key, just work harder than other people are willing to work, save your cash, invest in equities, don't take on debt and live simply. This worked for me and should for you too. I made a lot of cars in my day while working my way through college. Now I am a CEO and loving it. You can do it, but ya gotta wanna....

Buffuzo of WI 12:54AM January 21, 2010

I BELIEVE THAT THE TEN SECRETS OF MILLIONAIRES' MONEY MANAGEMENT ARE:
1. THE LET THEIR MONEY WORK FOR THEM INSTEAD OF THEM WORKING FOR MONEY;
2. THEY ARE SAVEKAHOLIC;
3. THEY ONLY SPEND THEIR MONEY ON THEIR NEEDS INSTEAD OF SPENDING ON THEIR WANTS;
4. THEY KNOW HOW TO USE LEVERAGING TO EARN MONEY;
5. THEY PUT THEIR THOUGHTS ON WHAT THEY WANT INSTEAD OF WHAT THEY DO NOT WANT;
6. THEY LIVE LIKE A LENDER INSTEAD OF A BORROWER;
7. THEY INVEST ALL THEIR IDLE MONIES;
8. THEY ARE FRUGAL;
9. THEY EARN MORE BUT WANT LESS AND
10. THEY ADMIRE OTHER MILLIONAIRES.

DR. ARTFREDO C. ABELLA , U.S.A. of CA 10:34PM October 12, 2009

I just want to add something but before hand, I would like to congratulate to the Author for making excellent writings that is money management is simply sum up in one sentence - do not trust money but put your money in a trust.

DR. ARTFREDO C. ABELLA , COA-CAR of CA 3:41AM October 02, 2009

Money can buy anything.Its only if you have it.How can you give away something that you don't have.The success of a person is not on what he knows but what he owns.How much you accumulate to your purse is how far you accumulate to your future.Money comes shouldn't be money goes.Hard earned money is worth used for because its your sweat.

Jone Ravuci 3:23AM September 19, 2009

The first commentor was wrong. The scripture from The Bible
states,"For the love of money is the root of all kinds of
evil.Some people,eager for money, have wandered from the
faith and pierced themselves with many griefs". (1 Tim.6:10)
This text taken from the NIV translation. You see it's when
you love money so much that it's more important than any-
thing else in your life, then it becomes destructive. Money
is a tool. Having a lot of it isn't evil. It's what is in
the heart of a person who uses it that is of most importance.

Sian of CA 7:47PM September 03, 2009

I know someone took advantages and cheated their own life. They thinks they have money and make them proud. Also took advantages of friendship because of money can talks happiness with no respect to a friend. Most pervert old people buys happiness.Money is the root of evil and make people a maniacs of everything.I hate this kind of people especially a close friend in the family. It's worst than a snake.Money is good if you use in good way and make you have wonderful success.

Deth of NC 7:37PM September 02, 2009

People think money buys happiness. It does by TEMPORARY happiness. Money is said to make people more of what they already are. If you like to drink money will make you an alcoholic.
Live the 70-10-10-10 lifestyle. Spend 70% of your take home pay on bills. Save 10% forever. $100 a month, saved for 360 months, at 15% interest, yields $695,000. The trick is a business or skill that yields 15%. You have to know your stuff. Spend 10% on continuing education. Give 10% away to local needy people where you see the money spent on the good deed. A person could also volunteer four hours a month. That is what it takes for a good society to flourish. Live on what you make, get smarter, save for the future, and help your fellow man. Volunteer at something you are passionate about. What else need be said?

Jack Goldman of MN 7:00PM August 22, 2009