Article Title: Seven "Secrets/Tips" to Becoming a Millionaire (from the Oprah Winfrey Show)
Submitted by: Craig Lock
Category/Subject: Money, Money Management, Financial Security
Key words: Million, Millionaire, Wealth, achieving wealth
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Craig's blog (with extracts from his various writings: articles, books and new manuscripts) is at

Other Articles by the submitter are available at: and
(Personal growth, self help, writing, internet marketing, spiritual, 'spiritual writings' (how 'airey-fairey'), words of inspiration and articles on managing your hard-earned money

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We hope that the following article may be informative and helpful to your e-zine readers, or on your web site. If it helps others "out
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"We share what we know, so that you and your money may grow."


These thoughts are extracted from the book ‘THE MILLIONAIRE NEXT DOOR’, as seen on Oprah Winfrey's fine show from some years back, which I watch regularly (enough free advertising for her - she doesn't need it!). The research for the book was done on people with a net worth of over a million dollars (3.5 million households in America, apparently). I've written this piece in point form for brevity.

Portrait of a millionaire:

* 86% of millionaires are first generation - the money is not inherited.

* Accumulating wealth takes a long time. Most wealthy people don't reach millionaire status until age 50. A glimmer of hope for me then!

* Two thirds of millionaires are self employed. A bit more hope for me then!

* Many were "C-students", not A's.

* Quite a number were told to take the journey of self employment. I believe doing this makes people much stronger.
There is "no parachute in the journey of life".

* Most millionaires live on less than 7 of their wealth.
They take 15 - 20 of their pre-tax income to live; thus living way beneath their means.
Most of them drive a Ford And not a Cadillac or Mercedes Benz.
They usually don't have overseas trips, own luxury cars and new suits.
The authors found that most millionaires went to public schools - not private ones.
81% buy their cars and don't lease them.

If $35000-$43000 is the median net worth. Many aim to have 6 months salary as a reserve/emergency fund. However, many people can't afford to miss even a week of work. The majority of people are three pay-checks short of bankruptcy.

We live in a culture, where less time is committed to service. Add value, be exceptional in the delivery of your product or service at all times.


1. Live well below your means and be frugal.

Have a budget - know how much you spend on food, clothing and housing.

Many people spend +- 20 hours per month planning and managing their incomes.
(1/30th of age X income).


1. Can live for 16 years off their capital - it's a shift in lifestyle.

2. Make achieving financial independence a priority in their lives.

3. Do not accept a substantial economic contribution from their parents.

4. As adults, they encourage their children to become self sufficient (and responsible with their finances in adulthood).

5. They have a clear vision of where their lives (including the financial area) are headed

6. Are good at targeting OPPORTUNITIES in any business:
whether it's scrap metal, garbage disposal, junk, waste management, or cleaning buildings. There is even a billionaire making candles.

Finally...and most importantly,

7. They choose the right occupation - the sooner, the better.
Hope I've made the right choice then!

I hope that these tips may be helpful to you in achieving financial success... and perhaps even wealth..

Craig Lock (Eagle Productions: "Information and Inspiration Distributers, Incorrigible Encouragers and People-builders")


Even if you never achieve material wealth in the "real world". you can still be a "millionaire in spirit"... and that's far more important!

"Together, one mind, one life at a time, let's see how many people we can impact, encourage, empower, uplift and perhaps even inspire to reach their fullest potentials."


Don't worry about the world ending today... it's already
tomorrow in "little" scenic and tranquil New Zealand

Author's Bio: 

About the Author:
Craig has worked for "many moons" in the financial services industry (in the days when he had a "proper job")...before becoming a writer (rather at least trying very hard to become one!). He has studied and written extensively on money matters: articles, brochures for financial institutions and books.

‘The Mad Money Book - a simple guide for every person in understanding and making the best use of your money. Written in a light and humorous style.
This ebook is available at
The various books that Craig "felt inspired to write" are available at : +

Craig's blog (with extracts from his various writings: articles, books and new manuscripts) is at

“The world’s smallest and most exclusive bookstore”

* Hard-copies and e-books, fiction and nonfiction: self help, novels, travel, humour, writing, inspiration and money management

All proceeds go to needy and underprivileged children -

(enough of that negativity, cut it out right NOW and start really believing, now "chappie"... and keep on believing!)

"Together, one mind, one life at a time, let's see how many people we can impact, encourage, empower, uplift and perhaps even inspire to reach their fullest potentials."