Four mega tips from self-made millionaires and billionaires

14 Jan 2022

There’s no shortage of financial advice out there - be it from friends, family, the know-it-all in the bar, or online.  But perhaps one of the best ways to secure proper, workable tips is from those who have made it by themselves. This is why we have compiled some top advice from self-made millionaires and a couple of billionaires.

Kara Goldin, founder and CEO of Hint Inc.

“No matter how much money you have, always remember that you’re much more fortunate than many others. Treat your money like it could go away tomorrow and don’t overspend. This applies to both your personal and business finances. There was a time in 2008 when the world seemed to be falling apart. Businesses were shutting down and people were in serious financial despair. Because we hadn’t overextended our personal or company budgets, we were able to slow the growth and progress we had been making in life and business without much sacrifice. We weathered the storm until it was time to grow again.”

Gail Corder Fischer, executive vice chairman of Fischer & Company

“Always live below your means. Define what responsible spending is for you and make a plan for your future, which requires strategy, discipline, hard work, and staying the course. Learn to earn, save and respect money. Every penny matters, because pennies add up.”

Warren Buffett, Chairman Berkshire Hathaway

“Don’t save what is left after spending; spend what is left after saving. If you want to become wealthy, you must allocate some of your current earnings towards the future. By saving first, you eliminate the problem of not having enough money to save, at the end of the month. You also avoid having to budget, one of the most unpopular financial activities.”

Bill Gates, Founder of Microsoft

What is your best personal financial advice for people who make under $100,000 a year? Invest in your education. “What I remember above all about Harvard was being in the midst of so much energy and intelligence. It could be exhilarating, intimidating, sometimes even discouraging, but always challenging. It was an amazing privilege — and though I left early, I was transformed by my years at Harvard, the friendships I made, and the ideas I worked on.”