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Friday, August 24, 2012

7 Frugal Tips from Millionaire Entrepreneurs

Ateneo Professor on Entrepreneurship

From entrepreneur.com.

What saving tips from millionaires?  Precisely, they became millionaires because they were frugal.  No spendthrift ever became an millionaire;  is there?   Those who are millionaires who are spendthrifts would probably be COOs (children of owners)

Some of the tips:

l.  Use the credit card rewards (I know of one millionaire who used an Allied Bank rewards for PALsmiles to travel to US and elsewhere ( 35 miles for every Pl,000 deposits)

2.  Avoid fancy furniture

5 other frugal tips from millionaire entrepreneurs.

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