Who Wants to be a Millionaire?

Last Wednesday I was stuck at a friend's office due to a very heavy rain. While killing the time, I picked up the Tuesday's copy of The Sun newspaper. I found a very interesting article from HSBC. The title of the arcticle is "12 Ways to Make RM 1 million" (although it's actually 8 - maybe they took away another 4 for later). I took an effort to type out the ways, for my future reference and also for sharing it in my blog.

This one's for you bloggers;

1. Ask RM10 from 100,000 people you know. Considering the number of people you will get to know in your lifetime, this does not sound as ridiculous as it seems.
2. Think franchise. Trying to sell 1,000 packets of nasi lemak daily in one location may be a stretch. But if you have 10 locations selling 100 packs, it begins to sound possible. If you net a profit of RM 1 per pack, all it takes is three years to become a nasi lemak millionaire.
3. Pay yourself first. Make it a standing instruction. The moment you get your salary, automatically ser aside 10% in your “Make Me a Million” savings account. Watch the compound grow.
4. The RM5 scheme. The plan is simple. Save RM5 every day. That’s not a lot. Even a pack of cigarettes costs RM7. Then deposit the money in an account that pays an interest of 10% per annum. In 42 years, you will have RM 1 million, barring any fluctuations in the interest rate.
5. Invest in yourself. Learn a skill. Get an MBA. Up your qualifications. The more you’re worth, the more you’ll be paid. The good old way of working yourself up the ladder still works.
6. Join a reality show. Some offer big money and it’s fun. And even if you get booted out, take heart that you will provide the Malaysian public a lot of entertainment. Who knows you will still make money.
7. Be an entrepreneur. Like to bake? Trim bonsai? Turn your hobby into money-making venture. Someone once said: “If you love your job, you’ll never have to work a day”. Sounds like a great way to get rich.
8. Go online. A new, exciting and quirky idea could make a million. For example, student Alex Tew, a 21-year-old student from Wiltshire, England, started selling pixels on his website to fund his studies. His www.milliondollarhomepage.com has indeed lived up to its namesake.