Fri 23 Jan 2015
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.
September 15th, 2007 at 7:52 pm
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!
Ben
NYC
September 15th, 2007 at 8:22 pm
I might ask my dad to do that with his 360. Hong Kong is just as expensive as new york if not more.
September 15th, 2007 at 11:00 pm
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.
September 16th, 2007 at 1:15 am
🙄
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.
September 16th, 2007 at 4:04 am
[…] how to park in new york city for two weeks and only pay $15.41. […]
September 16th, 2007 at 8:02 am
[…] Fortune Watch – How a Millionaire’s Brain Works… […]
September 16th, 2007 at 8:33 am
[…] could totally see this happening…! Original post is here. A man walked into a bank in New York City one day and asked for the loan […]
September 16th, 2007 at 9:11 am
saving money is good.earning them much better.if everyone saves in such things ,others can make money ?
September 16th, 2007 at 1:43 pm
Nice story. I’ll bookmark it into my aboogy.
September 17th, 2007 at 4:21 am
[…] tax shelters and those accountant tricks, they often come up with clever ideas. This man came up with a brilliant idea to pay only $15.91 for parking in New York and […]
September 17th, 2007 at 6:34 am
HOW A WANNABE MILLIONAIRE WHO WILL NEVER EVEN GET CLOSE THINKS
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.
September 17th, 2007 at 7:26 am
[…] Source […]
September 17th, 2007 at 5:55 pm
Antti, becouse he don’t have a house in the same city as the bank is located in? 😛
September 17th, 2007 at 6:10 pm
[…] FortuneWatch: Robin Bal over at the FortuneWatch blog has an interesting story to tell: […]
September 17th, 2007 at 6:45 pm
[…] FortuneWatch: Robin Bal over at the FortuneWatch blog has an interesting story to tell: […]
September 17th, 2007 at 9:55 pm
[…] [Copied from] (No Ratings Yet) Loading … […]
September 18th, 2007 at 1:31 am
BUZZ SUGER BALLE
FÖRLÅT, JAG SKA LÄGGA NER SKITEN NU
September 18th, 2007 at 12:42 pm
Very nice post, will keep an eye on your blog…
Best Regards,
Adam
http://www.aimsgraz.org
September 19th, 2007 at 12:54 am
[…] loved this story by Robin Bal over at the FortuneWatch blog: A man walked into a bank in New York City one day and asked for the loan […]
September 19th, 2007 at 7:12 pm
My fathers friend told me that story…he said that it was his friend..i don´t know if he was lying.
September 20th, 2007 at 12:14 am
Great story and great advice as well!
September 20th, 2007 at 2:25 am
Como funciona la mente de un millonario…
Un hombre entra en un banco de Nueva York y pregunta por un préstamo. Le atiende un agente del banco y le pide más detalles.
El hombre le comenta que tiene que ir a Filipinas durante do ……
September 20th, 2007 at 4:08 am
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.
September 20th, 2007 at 6:09 am
How a Millionaire’s Brain Works……
How to park your car in New York city for $15.41 for 2 weeks……
September 20th, 2007 at 6:59 pm
Cool, i’ll try it next time, thanks for great idea. Hope, my accura will be enough 😈
September 20th, 2007 at 11:33 pm
[…] People love to find ways to save money, lose weight, or otherwise improve their lives. Check out How to park your car in New York city for $15.41 for 2 weeks, which, as of this writing, has 1,790 […]
September 21st, 2007 at 4:14 pm
[…] via […]
September 22nd, 2007 at 9:38 am
very nice!
I wonder if that would work for my Kia Rio, but probably not.
September 22nd, 2007 at 6:12 pm
HA HA good one chap!
September 22nd, 2007 at 11:13 pm
[…] How a millionaire mind works| Vía Ahh.. Cheww! Compártelo | Escrito a las 3:13 pm el 22 de Septiembre del 2007.Leer más de: Mercadotecnia […]
September 23rd, 2007 at 7:17 pm
hi. nice blog . thanks.
September 24th, 2007 at 3:17 pm
[…] 来源:how a millionaire’s brain works […]
September 24th, 2007 at 5:16 pm
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
http://cultureinternet.com/robin-bal-sourire-traduction
I am also impressed by all the comments, this article has generated
September 24th, 2007 at 11:18 pm
That was hillarious. I loved it, i’m going to send it to everyone in my addressbook. i needed a good laugh today
September 25th, 2007 at 5:39 am
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.
September 26th, 2007 at 12:15 am
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.
October 1st, 2007 at 11:31 am
That story was very good…i liked hoe there was a morral used at the end! 🙂
October 2nd, 2007 at 12:33 am
hahahhaa cute story…
October 2nd, 2007 at 9:07 pm
[…] a Millionaire’s Brain Works Jump to Comments This is a great article (from FortuneWatch.com). I can’t add anything to it, so I’ve just posted it below. […]
October 3rd, 2007 at 7:42 am
Appears to be a Parsimonius Millionaire. Is the mayor of ny doing something about the parking problem?
October 4th, 2007 at 3:08 pm
[…] read more | digg story […]
October 6th, 2007 at 4:05 am
[…] Fuente: FortuneWatch […]
January 22nd, 2008 at 9:35 am
Nice post, very interesting.
January 28th, 2008 at 6:16 pm
Guys,
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 http://www.famillion.com (it s free) amd let the system merge your tree with related trees!
Enjoy!
regards,
elenor
February 1st, 2008 at 6:03 am
[…] gasit un articol foarte interesant aici, pe care o sa incerc sa vi-l traduc si rezum. Cititi-l pe tot ca e foarte interesant! Intr-o zi un […]
February 7th, 2008 at 5:04 am
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.
Guido.
May 25th, 2008 at 7:31 pm
Great one! =)
August 1st, 2008 at 7:22 pm
I can’t wait until i’m rich! 😀 Gotta be penny wise. ha
August 7th, 2008 at 8:41 pm
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+.
October 7th, 2008 at 2:47 pm
heard this one before,,,,,but he walwed into a pawn shop…same result,,,,