Tuesday, February 12, 2008

How to Become millionaire from an engineer???

If you are an engineer (any type) working in US you probably are making pretty good money, depending of course on your level of education and experience. Most of us know this, and thats exactly what a Civil Engineer from Kerala knew when he came to US after working in India about two decades ago, the difference though is that he, unlike most other engineers, is producing a movie called 'Calcutta News', costliest ever in Malayalam Cinema . There are like 100 stories about some guy becoming millinoaire from just an average (in this case an engineer) person. Well, this is not just another article about rags to riches. Its about how!!! So here it goes,
Thampy Antony (his name) was working in India in a government organization when he decided to come to US to make some more money. Soon after he came here he attended a talk given by a millionaire on how to become a millionaire when you have no money to start with, this talk probably affected Thampy more than anyone else.
He and his wife, while working, began their first business in 1985 by borrowing $5,000 each from five friends which he describes as OPM (other people's money) and started a five-bed retirement home in California.
Soon thereafter he started a 25-bed retirement home with the help of $150,000 from credit cards. Well US$150,000 looks a bit too much, but if one is living in US he or she knows that how easy it is get to this much money from credit cards. It all depends on your credit history and once you start paying all your bills on time it builds really fast. So if one has say US$10,000 limit on one credit card, one can easily invest around 150,000 by having 10-15 credit cards,
Since investing this much money he has not looked back. Antony today runs 10 hospitals in California. In fact, he is not even concerned about the success of the costliest movie ever in Malayalam Cinema, all he is concerned about is personal satisfaction.
So, in a nut shell, to become a millionaire one needs a few credit cards (with good credit history) and self belief, while most of the people have the former, the latter is the one which is much more important and lacking in most of the people.

Also Read:
Why You should not go to Inida
Companies To Apply For a Job

No comments: