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.
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”