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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174 Responses

  1. Ben says:

    Of course the story is made up!

    The banks here don’t have underground parking. Some of the BUILDINGS do, and they cost a fortune. Surely the bank would have passed along the cost of parking, and valet services, taxes, and a hefty profit!


  2. TK says:

    I might ask my dad to do that with his 360. Hong Kong is just as expensive as new york if not more.

  3. dave says:

    this is lame. this is a really old joke and proves nothing about cents vs dollars or whatever your fake adage was supposed to mean.

  4. pnyorker says:

    I heard this story before and it came from a poor, clever Filipino who dreams to be a multi-millionaire some day. Funny as it is but it is purely fictional(considering all the flaws)and was created to carressed someone’s ego or personal satisfaction.

  5. nara says:

    saving money is good.earning them much better.if everyone saves in such things ,others can make money ?

  6. Jure says:

    Nice story. I’ll bookmark it into my aboogy.

  7. bill says:


    Never having even come close to being in the same room with a millionaire, he tells old stories and wants you to think he’s insightful.

  8. Krazko says:

    Antti, becouse he don’t have a house in the same city as the bank is located in? 😛

  9. ROGER says:


  10. Very nice post, will keep an eye on your blog…

    Best Regards,

  11. lance says:

    My fathers friend told me that story…he said that it was his friend..i don´t know if he was lying.

  12. Drexl says:

    Great story and great advice as well!

  13. Vilma says:

    Quite funny but seems inconsistent. as a millionaire, he presumably has his driver and a big garage at home. he wouldn’t waste a time going to the bank for the loan.

    but it’s a food for thought. and i’m glad many replied.

  14. Cool, i’ll try it next time, thanks for great idea. Hope, my accura will be enough 😈

  15. very nice!
    I wonder if that would work for my Kia Rio, but probably not.

  16. micah says:

    HA HA good one chap!

  17. robert says:

    hi. nice blog . thanks.

  18. Cleo says:

    Hi -thank you for this short story. Very funny and pleasant.
    I have translated it into French on my blog, putting the links to your website at

    I am also impressed by all the comments, this article has generated

  19. joe lewis says:

    That was hillarious. I loved it, i’m going to send it to everyone in my addressbook. i needed a good laugh today

  20. Me says:

    I find it funny how everyone is generalizing the fact that all millionaires think the same.

    Aside from that, it was a clever joke, and I enjoyed it despite realistic flaws that people kept pointing out even though it is a joke.

  21. Thief says:

    As the person above just said, this is not something he came up with himself (if it really happened), it’s a really old joke I heard like 5-6 years ago.

  22. G says:

    That story was very good…i liked hoe there was a morral used at the end! 🙂

  23. mika says:

    hahahhaa cute story…

  24. Raj Bhutani India says:

    Appears to be a Parsimonius Millionaire. Is the mayor of ny doing something about the parking problem?

  25. Nathan says:

    Nice post, very interesting.

  26. 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!

  27. 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.


  28. Isaiah d says:

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

  29. 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+.

  30. mark smerdon says:

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

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