I have to be completely honest with you: I have always wanted to become a millionaire… I think since I was 16 or so. So then, why am I not already. I mean, I have had 16 years of my life to achieve that goal…

I believe life is so exciting, fast paced, and emotional, that we quickly tend to lose sight of our goals. At least I do every now and then. For this reason, I was extremely surprised, or perhaps call it relieved, to find a “Million Dollar Club” on the web. The Million Dollar Club is a non-exclusive, no-nonsense club for those who want to become a millionaire. The introduction is simple, followed by a number of statements, that the author pledges to.

Hell, why did I not think of that? I want to join, enhancing my life and my blog… and being remembered of what I pledge each time I review my blog by the badge on the side bar.

On my way to becoming a millionaire, I pledge the following:

1. I will not lend money only for the purpose of real estate and education: I consider these investments in my life, aiming at generating money.
2. I will not make more transactions on my credit card than I can pay off with my one month’s salary.
3. I will not spend at least 20% of my net salary each month (after deduction of taxes, social security payments, and retirement contributions).
4. I will start investing in stocks, and perhaps options with smaller amounts. I will ensure my money will start working for me on the long-term.
5. I will continuously look for opportunities for increasing my regular income base, either via employment or through entrepreneurial activities.
6. I shall keep working on increasing my knowledge and education continuously.
7. I shall always think about the value of my purchase, and how it enhances my life.

Now, I realize that I am still at the very beginning of my journey, unfortunately I have to admit that I have literally failed to save or invest virtually anything during the past 15 years. But thank God I have recognized this and am willing to make a change!

As a result, I will be thinking of posting regular financial updates at Moneywise24.com about how I am progressing… I will keep you updated.

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