In the second international edition of our Best of the Best Blogger series, we’re talking to Tyrone Solee of MillionaireActs.com.
Tyrone is a graduate of Ateneo de Manila University in the Philippines. What’s remarkable about Tyrone’s story is the rapid ascent of his success, becoming a millionaire at the ripe old age of 26.
He launched his blog in November of 2008 because “I wanted to become a millionaire.” Not surprisingly, the name ‘Millionaire Acts’ came about from Tyrone’s desire to learn about how specifically a millionaire acts. Simple enough, right?
Tyrone started his journey to wealth at an early age when he started saving and investing in his early twenties. While Tyrone has had admittedly a bit of a head start in his quest, making his living outside of blogging as an investment and finance professional, he has had to incorporate many of the tried-and-true principals that all wealth builders have had to use. The bottom line is that Tyrone has built a significant amount of wealth in a very short time and at a very young age.
We sat down with Tyrone recently and spoke at length about his wealth journey, the Law of Attraction and Good Housekeeping magazine.
Q: What was your inspiration behind launching MillionaireActs.com?
Q: How would you characterize your financial philosophy in 100 words or less?
Earn more from the very essence of it means to have multiple sources of income. But this income should be classified as passive income. It would be tiring to concentrate on active income alone as you only have yourself. Therefore, as you increase your active income, invest in assets that would provide passive income for you to earn more.
In contrast, desiring less means downsizing our wants and sometimes our needs. Learn to live below your means through proper budgeting. Spend your money wisely.
Q: Youve been influenced greatly by the film The Secret and the Law of Attraction, which has become a worldwide phenomenon. In what specific ways has this philosophy benefited you financially?
The philosophy of the Law of Attraction has prompted me to study investments and personal finance which led me to becoming a millionaire at a young age of 26. Millionaire Acts has also brought me recognition in the blogosphere as one of the most recognized personal finance bloggers here in the Philippines. With that fame, it opened several doors of opportunity such as speaking engagements, featured articles to Good House Keeping Magazine, being a featured blogger in a major newspaper, etc.
Search engine wise, I was also able to optimize the names of famous tycoons here in the Philippines with their success stories. Henry Sy, Lucio Tan, Manny Pangilinan, John Gokongwei, and Tony Tan Caktiong were some of the names you will find in Google where MillionaireActs.com ranked second after Wikipedia. Truly, the Law of Attraction works.
Q: Whats been most rewarding for you about your blogging experience with MillionaireActs.com?
Through my mentors guidance, I was able to learn Search Engine Optimization and Affiliate Marketing, turned MillionaireActs.com into a passive income-generating virtual asset and made thousands of dollars blogging.
Q: In your professional life, you work in the banking industry as an underwriting analyst specializing in distressed assets. Whats the most important financial lesson youve learned in your professional life that can be applied to your personal finances?
Q: Whats your stance on credit cards? Useful? Or the root of all evil?
However, credit cards can be the root of all evil as it can be the best sources of bad debts when used without proper discipline. It can become your master and you as the slave. You can be doomed to work for the rest of your life just to pay those debts.
Our thanks goes out to Tyrone for being such an inspiration to young bloggers everywhere. Keep up the good work Tyrone.