Who doesn’t want to have a million bucks? I do and with the rate I’m going right now, I’m not exactly sure when will I reach my first million. It got me thinking, where does all my money go? Would I ever have one million at least in my life?

A month or two ago, Inquirer’s Finance Blog “Money Smarts” featured an article about “What does it take to be a millionaire?” It listed down 7 tips to help this goal and let’s see what have I been doing to achieve this goal.

1. Treat money as something to save and invest. The minute you receive your paycheck or a windfall (example, an inheritance or a bonus), think of how much you can put away as savings. Then look for venues where you can invest your money. If you think this way, you won’t be tempted to splurge money. (more…)