Living by Experience

Living by Experience

11 Secret Money Management Tips From The Rich And Famous

Wilko van de Kamp's avatar
Wilko van de Kamp
Jul 14, 2023
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Have you always dreamed of living a millionaire lifestyle? If you ask any millionaire, they’ll tell you money management is a matter of mindset. The goal of achieving financial freedom is to get unstuck from your day-to-day reality by adding additional options to your life. I don’t recommend anyone quitting their job to “follow the dream”. Instead, create unlimited abundance by adding something new and implementing money success principles of the rich and wealthy.

Save a fixed amount.

Put a fixed amount of your income into your savings, every paycheque. Instead of thinking about how much to save each month, automatically put 10% of your income into savings each month. This is a good habit to develop as early in life as possible. If you want to save money, commit to putting at least 10% of your income away initially. Over time, as your income increases, consider increasing this amount if you can. Instead of allowing ad-hoc spending to rule your life, create a monthly budget based on a mo…

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