How a Millionaire’s Brain Works


A man walked into a bank in New York City one day and asked for the loan officer.

He told the loan officer that he was going to Philippines on business for two weeks and needed to borrow $5,000. The bank officer told him that the bank would need some form of security for the loan.

Then the man handed over the keys to a new Ferrari parked on the street in front of the bank. He produced the title and everything checked out The loan officer agreed to accept the car as collateral for the loan.The bank’s president and its officers all enjoyed a good laugh at the guy for using a $250,000 Ferrari as collateral against a $5,000 loan.

An employee of the bank then drove the Ferrari into the bank’s underground garage and parked it there.Two weeks later, the guy returned, repaid the $5,000 and the interest, which came to $15.41.

The loan officer said, “Sir, we are very happy to have had and this transaction has worked out very nicely, but we are a little puzzled. While you were away, we checked you out and found that you are a multi millionaire. What puzzles us is, why would you bother to borrow “$5,000”.

The millionaire replied: “Where else in New York City can I park my car for $15.41 and expect it to be there when I return”

Well thats how the rich stay rich, they know a lot more about Money Management. All the millionaires I have met in my life were penny wise. Look after your cents and the Dollars will look after themselves.

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184 Responses

  1. Elenor says:


    the simplest and fastest way to become rich is still to inherit from a family member.
    Sure, not everyone has the “rich uncle” in America. Or maybe some just don t know that they have one. A good way to find out is to register at (it s free) amd let the system merge your tree with related trees!

  2. Guido Has says:

    Hi ! I’m a teenager from Argentina
    and I really care themes about millionaires
    and her mind’s.
    One day I wanna be a millionaire.
    From child I’ve be working on my mind because
    I’m very smart for business and I think I have a unique mind.

    I just wanna say that, Kisses and Peace.


  3. theKimsta says:

    Great one! =)

  4. Isaiah d says:

    I can’t wait until i’m rich! 😀 Gotta be penny wise. ha

  5. Pritish says:

    Please check post 16 by Malum.

    And I want to know the answer for the same. Why would a millionaire or a billionaire not park his vehicle(ferrari) in his garage rather than leaving it at the bank?
    In my opinion the millionaire has wasted $15+.

  6. mark smerdon says:

    heard this one before,,,,,but he walwed into a pawn shop…same result,,,,

  7. Jack B says:

    I knew I was spending too much money to park my car. I could have used that money for smarter investments..

    Thanks to you, now I know how to do it. The only question is whether my local bank, with this ‘bailout’ scam, will have enough money to give me a loan of even $3,000 for my brand new Lamborghini.

    Also, I will be able to immediately know whether someone is a millionaire or not by simply asking him/her where he/she parks his/her car!!! That’s very useful.

    Your article points to the fact that there is a VAST difference between the WAY millionaires think and the ‘way’ poor people think.

    And it was worth reading it. GREAT work!


  8. steve smith says:

    Generally I do not post on blogs, but I would like to say that this post really forced me to do so, really useful information.

  9. For seven years, a miser-millionaire rented a room from us. One night at dinner he revealed that the gloves he wore were ones he found along the curb. Here is my reaction and then his explanation of his philosophy, as found in my memoir of our years togther- “Strictly A Loner: My Life and Times with Plattsburgh’s Poorest Millionaire” :
    “I was speechless. I’d never heard of anything so cheap in my entire life. I laughed so hard I could barely breathe while cognitive dissonance sparked across his face. Soon, he just shrugged and chuckled as I continued my fit. Finally, I wiped the tears from my eyes and asked, “What time is it, Earl? Our clock’s broken.” He didn’t have his glasses on, so he just held out his wrist so I could look at it myself. I read the time, but that’s not all.
    “Earl!” I broadcasted. “You’re wearing a ROLEX!”
    Again, confusion flashed across his face. Apparently, it never occurred to him that owning a Rolex and gleaning gloves from the curbs of Plattsburgh were wildly inconsistent actions in anybody’s book. To the contrary, Earl proceeded to instruct us that it genuinely was his only timepiece option. That Rolex had lasted since he retired in 1966, clearly the best use of his money. “Why, it’s only cost me thirty cents a month to have this watch,” he declared. “If you buy a $20 watch, it breaks in two years and that’s 83 cents a month. You’ve lost fifty cents a month, that’s six dollars a year.” We learned that Earl reckoned the value of each thing by its lifespan and its cost per month, per day, per use, per gallon, per serving, per pound, per wear, per bite.”

  10. Mike Roberts says:

    I like it! and thats the reason why he is a multi millionaire!!

  11. Matt says:

    What is said about how a millionaires mined works is true. Like me I don’t spend alot of money ethier. just because you have it does not mean you have to spend it.

  12. Dro says:

    Hey Sir Robin Bal, I like your post -How a Millionaire’s Brain Works
    Its great it might happened in the real world or just an inspiring short story. However this is how the millionaire mindset works.

  13. Nice story eh… got you on this… I was very clever and thought that the story will tell us how he made his fortune in the Philippines using the $5000.00. LOL

  14. Shaun says:

    Pretty Funny story. It just goes to show you thinking creatively pays off.

  15. Tyrone | Millionaire Acts says:

    I really liked this article! And I am also blogging on how to become a millionaire through entrepreneurship, investments, personal finance and self-motivation.

    If the post is about “How a Millionaire’s Brain Works”, I’m blogging about “How a Millionaire Acts”. 🙂
    .-= Tyrone | Millionaire Acts´s last blog ..25 Questions to Ask Your Sponsor in MLM =-.

  16. Al Kind says:

    Actually funny but so full of wisdom!
    .-= Al Kind´s last blog ..Needing Cushion Running Shoes? =-.

  17. Why would you even own a car in New York?

    Wouldn’t the millionaire take public transport or cabs? The insurance on that car must have been insane every month!
    .-= Joshua Zimmerman´s last blog ..Tarantino Loses it in Softbank Commercial =-.

  18. nyc trader says:

    The joke is on him, I was the banker and while he went away I rented the ferrari so a few rappers could show it in their music video. I made 90k. I

  19. JOJO says:

    Logic says……” A person who owns ferrari would have parking also. or a house where evryday he is parking….dnt u think he would park at the same place”.

  20. FUFI says:

    G.R.E.E.D. (INC).

  21. zoeyoey says:

    i am a multi millionare and i dont think like that!

  22. Elnaz says:

    Someday I’m gonna be a multi millionaire!

  23. Nixon says:

    though pretty bright,the guy use his thinking and confidence of money to trick the bank.

  24. car valeting barnsley says:

    I beloved up to you will receive performed proper here. The comic strip is tasteful, your authored material stylish. nonetheless, you command get bought an nervousness over that you want be turning in the following. sick without a doubt come more previously once more as precisely the similar nearly a lot steadily inside of case you shield this hike.

  25. Xpsolutions says:

    Since when do bankers keep your collateral with them? The collateral is always the paperwork (ownership documentation) that they keep copy of and when you fail to repay the loan, thats when they come and reposes your collateral.
    If that’s how bankers do it like in this story, then bank parking lots will be filled with cars they given loans for… hahahaaa!!
    But was a nice story for the laughs!!

  26. Sugesh says:

    I want to ask one question. Which bank keeps your Car or Land as a security. They just ask the properties’ documents, Car’s registration document and Land’s registration documents. They will not keep your assets, may be they keep your gold. I like the sense of imagination but it is illogical. If Banks keep our car as a security. I am sure at least 50% cars of a country were in Bank’s garage 😀

  27. Hanno says:

    A nice fairy tale for simpletons.

    I still see Americans (and not just, but mainly these kids stories come from there) aspiring and idealising millionaires and the flawd way of thinking instead of just concentrateing how to be a a person who can enjoy life without money and greed ticking in mind.

  28. bruce says:

    what the name of the book you red that from i think i red that from rich dad poor dad

  29. Vic says:

    I’m read happily all the comments. I learNed a lot and knew the truth..

  30. John says:

    At least you gave credit to the author Robert Shemin…”How come that Idiot’s Rich and Not Me”..

  31. Tarun says:

    gr8 sense of humor 🙂

  1. February 1, 2008

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