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10 Millionaires’ Secret Money Tips

Posted in Effective and Efficient, Malaysia Personal Finance |

Here are 10 money management tips from the millionaires themselves (via Yahoo! Finance):

1) Start early to avoid financial pitfalls.

2) Believe that you can do it.

3) Articulate your vision for success.

4) Insure against life’s risks.

5) Work hard–and you’ll get lucky.

6) Practice smart budgeting.

7) Do what you love.

8) Decide how much money you really want.

9) Invest against the grain.

10) Live below your means.

The list certainly does not tell us anything we don’t already know. Maybe the reason why it’s not working for some of us is that while we continue to look up more secrets of the riches, the real millionaires are busy putting these secrets to practice in their lives.





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  • Rajesh Mahesan
    i think i know why i'm not a millionaire yet,
    I'm not doing what i love! but i'm good at pretending that i like it !
  • Sometimes, circumstances dictates the order of the day. Look on the bright side bro, at least you know where you stand now!
  • Warren Buffett is a master in doing something against the tide.
  • jason
    number 9:invest again the grain

    what does this means?
  • Jason,

    In the original article, it's basically suggesting that you do not follow the pack when it comes to making your investment decisions. However, just going against the tide would not be enough to justify whether you are really making a sound investment decision.

    You might want to also read up about Behavioral Finance.
  • I believe we should practice more qualities to be a millionaire. :)
  • I agree with all except "Do what you love" sometimes you have to do things you don't love
  • Moneymonk, it's true that a beggar must not be choosy.

    However, if you're to make a million dollar doing things you don't love, I would really think twice again about making that million dollars :-P

    I guess what the author would have meant is that it would be much easier to get ahead in the financial game if you were to do things that you love.
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