Since we were on vacation the past nine days, I was also on hiatus from my daily bloghopping. Among my daily stop is Inquirer's Money Smarts. The blog talks about personal finance, business and financial independence, among others. I got hooked because just like the rest of us, I wanted our little family to be financially independent. I get a lot of tips on how to save and minimize expenses. I must say I have learned a lot.
While browsing today, a new post caught my eye - Are you a Millionaire in the making? According to the author, these questions below will help you begin to find out if you're 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?
8) 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.
Even if I am a SAHM, I think I still qualify to answer. Whatever my husband is earning is mine too, right? hehehehe. Seriously, I do the budgeting in the household. Out of the first nine questions, I only answered "no" on number 9. Since our baby is still a toddler we still haven't spent anything yet on education. What we have done is set aside some money for his education. But I feel it is not enough yet.
Since I answered 8 "yes" to the first nine questions and we are working on the question number 9, I guess we are still on our way to becoming a billionaire? Maybe!:)
Check it our if you are interested to know how you will fare.
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