ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel
  • »
  • Personal Finance»
  • Understanding Finance

How to NOT Be a Millionaire

Updated on December 2, 2011

For all you new millionaires out there it can be overwhelming at first for you to accept the fact that you now have a plethora of 100 dollar bills in your possession. Then you might get overwhelmed about how you're going to go about spending all your millions. Well here's a few things that will help guide you on your journey to holding on to your money.

Don't Go Buying Everything In Sight

Just because you have the money doesn't mean you have to run out to your local Costco or Sam's Club or whatever "buy by the bulk" store you have. Stocking your home with a lifetime supply of Axe body spray or tampons will not benefit you. Make logical purchases with your newly found wealth.

Keep Out of the Limelight

Don't have your face plastered all over the tv networks. Or taking photos with strangers like you're a rockstar. You will have already had the spotlight on you when you have your picture taken with that stupid lifesize check they make you hold. You'll have every toothless Uncle Cleofus and Aunt Henrietta dialing your digits to hit you up with all kinds of financial requests. Anywhere from, "my dog Tripod needs a new leg" to your Aunt Pearl needing money to pay for her new Spanish lover's college education in Salvador. Why don't you just buy an island and lay low for a while.

Dont Buy a Mansion

Please do not fall into this trap. Having a lavish 8 bedroom, 10 and a half bath with secret rooms and what-not does not make any sense whatsoever if you are the only one living in it. Unless of course, you plan on housing giraffes, silverbacks and zebras in order to fill your newly gained mansion up. Perhaps you can then add to your millions by selling admissions for people to see your new exotic roommates.

Gambling Addicts Beware

If you have a gambling problem get to a 12 step program pronto or you will "donate" all your millions the nearest casino. If you know you have this condition get to a financial consultant fast. Set up some sort of automatic deposits into your account so you won't find yourself spending it all at once.

Swapping an Old You For a New You

Ladies, do not run out and get fake boobs, big juicy inflated lips and a fake ass. Don't go changing who you are and what you look like. Unless you're trying to go undetected by Uncle Cleofus and Aunt Pearl, then that's a different story. But going all "hollywood" will not make you a better millionaire. And no, this doesnt just apply to women. You've seen Mickey Rourke's face. You men are just as likely to get facial reconstructions and pec implants just as fast as a women would get a facelift.

Don't Go Around All Blinged Out

Yes, jewelry is great but wearing every piece you now own topped off with a Chinchilla boa around your neck will get you noticed, robbed and left blingless. Again, its all about staying out of the limelight and not letting yourself stand out. Buying pieces of jewelry is fine but walking around with medallions as big as your arm or earrings that stretch your lobe down to your shoulder is a no-no. Not to mention you could deplete all your millions if you go too loco with your rings and things. Just keep things simple and somewhat conservative in your spending. It's okay to look nice but don't overly shine yourself.

So for those of you who always have your numbers ready for playing the lottery and are one ticket away from being a millionaire, I hope you take heed to this. These facts will help protect you and your millions.

This hub was inspired by What To Do with a Million Dollars by princesswithapen. She'll tell you the right way to spend your millions.


    0 of 8192 characters used
    Post Comment

    • NiaG profile image

      NiaG 6 years ago from Louisville, KY

      You're welcome solaiman2101!

    • solaiman2101 profile image

      solaiman2101 6 years ago


    • epigramman profile image

      epigramman 6 years ago

      ...well I don't have to worry about all of this - for I am already a millionaire - I read your hubs - and I am far richer for doing so.

      lake erie time ontario canada 6:15am

    • NiaG profile image

      NiaG 6 years ago from Louisville, KY

      People get crazy when they come into large sums of money. And some crash and burn all too soon because they don't know how to handle it. Thanks for dropping in a comment Deborah-Diane. Have a wonderful day!

    • Deborah-Diane profile image

      Deborah-Diane 6 years ago from Orange County, California

      Great advice, especially for people who have just received a large inheritance or won the lottery. When I sold real estate, I saw people spend way too much on new homes simply because they had just inherited some money.

    • NiaG profile image

      NiaG 6 years ago from Louisville, KY

      Thanks for agreeing MarlobyDesign. :-)

    • MarloByDesign profile image

      MarloByDesign 6 years ago from United States

      Yes, do not gamble if you are looking to save money. I agree wholeheartedly!

    • NiaG profile image

      NiaG 6 years ago from Louisville, KY

      Thanks Keith! Just trying to state the facts. Sorta. Ha!

    • KeithTax profile image

      Keith Schroeder 6 years ago from Wisconsin

      I love it! Straight forward advice said in a clear way. A lot of hubbers have money hubs, but yours really hit the point. Great writing.