Always being "liquid", never having to work again, simply enjoying life - millions of people have the dream of wealth.
Some live it and give tips on how to expand your finances.
Granted, money alone is unlikely to make most people happy.
But not having to worry about paying the next rent or not having to worry about the card not working at the checkout increases the quality of life immensely.
You don't need to be rich to do that.
Nevertheless: The tips of people who have made it from average earners to millionaires can be very valuable.
Especially when it comes to keeping track of your finances and increasing your own wealth.
Authors Thomas Stanley and William Danko have interviewed various millionaires for about 20 years and noted tips and observations.
Here is an overview of the five best pieces of advice:
Money tips from millionaires: make the decision to be financially successful
A tip that sounds very banal.
But: The path to more money and financial independence can certainly involve some sacrifices, for example spending less time with family and friends and putting more energy into planning and work.
But according to millionaires, only those who have a plan and have made the decision to achieve financial success will be successful.
Don't miss it: You can find everything to do with money in the money newsletter from our partner Merkur.de.
Money tips from millionaires: Always stay flexible
You have chosen a path and realize that it is not bringing you the desired success and is not getting you any further?
Then gather your courage - and go a new way.
Whether it's a new position in the old field or something completely different, according to Stanley and Danko, the millionaires agree that the only way to get ahead is to be flexible and adventurous.
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Always stay flexible: In order to realize a new idea, you sometimes have to leave the previous path - maybe even quit your job.
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© Robijn Page/Imago
Money tips from millionaires: plan budgets and reduce expenses
A tip that works in a similar way to saving with money envelopes.
According to the two authors, most millionaires recommend setting a budget and not deviating from it.
This can start with a monthly budget for groceries, clothing and hygiene products, but can also extend to your own finances.
For example, that you only invest or invest a certain amount.
A budget also helps protect against impulse buying.
If you plan a budget, you also have to deal with your own assets and expenses.
This works best with a classic household book, for example, or with the knowledge of your own latte factor.
With both, you can see after a while where you can save money.
Many millionaires are still living below their means even after financial success, Stanley and Danko discovered in their interviews.
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Money tips from millionaires: Don't spend, invest
Spend money and speculate with money - both ways can lead to high losses.
Investing can increase your wealth.
However, you should make sure that the money is invested in stocks, companies or real estate that are constantly and reliably increasing in value.
According to the millionaires, it is important that the items should not be sold again so quickly.
By the way: There are also a few clever options for traditional saving that make it easy to increase your own wealth.
How about, for example, the 50-30-20 method or the five-euro trick?
Money tips from millionaires: Always keep an eye on taxes
Also a very classic tip: Always keep an eye on the taxes and make the tax return.
Here it helps to turn to a professional who knows all the (common and unusual) things that can be deducted - by the way, your fee can also be deducted.
According to Stanley and Danko, millionaires also advise donating to humanitarian organizations and thereby minimizing their own tax burden.
Rubric list image: © Robijn Page/Imago
