Top Zillionaires Share Practical Advice to Get Rich

In case you missed trivia night at the bar this week, here’s some fun “Did ya know” facts about some of our favorite rich people: Ellen Degeneres worked a number of jobs before getting her big break. Think: Waitress, house painter, vacuum cleaner seller and legal secretary.

15 Zillionaires Share Practical Advice to Get Rich (Plus How to Start)

A young and ambitious Dave Ramsey was forced to file for bankruptcy. Then the bank asked him to hand over $800,000.

Then you have Richard Branson, who quit school at 16 to start a youth-culture magazine. He handed out the first edition for free.

Now, these three are collectively worth something like $5.5 billion dollars.

How can I do that?

15 Motivational Money Quotes From Millionaires and Billionaires

We all need a little motivation to get our finances in order, and sometimes advice from Mom and Dad just doesn’t cut it. (No offense, but it means more when it comes from someone like Beyoncé…)

So to help us all out, I found some of my favorite faces and quotes to help you start managing your money.

Money quotes

 Suze Orman/Facebook

1. “Never invest emergency savings in the stock market.” — Suze Orman, author, financial advisor, motivational speaker and TV host.

Personal finance 101: Once you break that paycheck-to-paycheck cycle, start an emergency fund. Some people call it a “rainy day fund.”

“Without an emergency fund, you have no backup plan if you run into an unexpected car repair bill, lose your job or worse,” writes one Penny Hoarder.

As a rule of thumb, your emergency fund should hold enough money to pay for six months of living expenses, which includes rent, food, gas and bills.

But here was my question: Where do I keep this money so I don’t spend it all?

Open a separate bank account. Let me recommend Aspiration’s Summit Checking Account. My co-worker recommended it to me — it’s where she’s putting her tax refund check.

Rather than letting your money sit idly, pending an emergency, it’ll reap 1% APY on your balance of $2,500 or more (or 0.25% if it’s lower than $2,500).

Opening an account is an easy way to make your emergency money start working for you.

 Charles Sykes/Invision/AP

2. “Never depend on a single income. Make investments to create a second source.” — Warren Buffett, chairman and CEO of Berkshire Hathaway.

Once you have saved — and made — some money, I wanted to include one smart tip — from a very smart man — about investing money.

There are now apps that help you invest, without all the jargon. Many of my co-workers use Stash.

This Penny Hoarder started using it and simply invested $5 a week. She embraces its “set it and forget it” method.

Oh, and you can snag an extra $5 to invest when you sign up now.

money quotes

 Sharon Steinmann/The Penny Hoarder

3. “Think about the Christmas shopping that you have to do or all of the birthday presents you’re going to buy or even your groceries. If you could move even just half of that to purchasing online through a cash-back rebate site, it could be hundreds or even thousands of dollars every year that you could put directly into a savings account.” — Kyle Taylor, founder and CEO of The Penny Hoarder.

Of course I have to sneak in some sage advice from our founder, Kyle Taylor.

We write about a lot of cash-back apps — because if you can make some money back from your purchases, why not?

We created a list of nine rebate sites that’ll pay you up to 70% cash back. One of our favorites (mostly because it’s super easy to use) is MyPoints.

When you shop through the MyPoints portal (over 1,900 online retailers) you earn points for each dollar you spend.

So, for example, when you shop on Amazon (shamelessly my favorite site — if you can’t tell), you earn five points per dollar. Once you spend $20, you’ll earn 1,590 points, enough for a free $10 gift card!

The MyPoints sign-up process is really too easy. You can do it here.

 AP Photo/Nick Ut

4. “Credit buying is much like being drunk. The buzz happens immediately and gives you a lift… The hangover comes the day after.” — Joyce Brothers, psychologist, television personality and columnist.

So. True.

When I impulse buy, I get a high — I’m excited, buzzed, unstoppable. The feeling is even more intense when I find something on sale (and yes, I usually don’t need that something).

And although I always use my rewards credit card to pay, I’m at least always sure I can pay it off. If you can’t, expect the hangover to be even more intense.

If you know the feeling… you might want to check your credit report. I know, I know. None of us want to do this.

But did you know that 25% of Americans have an error on their credit report that is likely bringing down their score? And those poor scores can hinder every part of your financial wellness…

So, pour yourself a glass of wine and check your credit report for free on a site like Free Credit Report. You’ll thank yourself later.

money quotes

 Bill Gates/Facebook

5. “Flipping burgers is not beneath your dignity. Your grandparents had a different word for burger flipping — they called it opportunity.” — Bill Gates, co-founder of Microsoft, among many other things.

Flipping burgers is a great gig. In fact, many of my co-workers have been there, and done that.

But there are other entry-level ways to make money nowadays that you can do on your own time — and from your phone — thanks to the growing gig economy.

There’s an option for each personality and interest.

A universal favorite, of course, is Uber. Driving part time, you can make up to $450 a week. Find out more here.

Just remember: Everything’s a (money-making) opportunity.

Money quotes

 Mark Cuban/Facebook

6. “It doesn’t matter how you live. It doesn’t matter what car you drive. It doesn’t matter what kind of clothes you wear. The more you stress over bills, the more difficult it is to focus on your goals. The cheaper you can live, the greater your options.” — Mark Cuban, Dallas Mavericks owner and “Shark Tank” shark, among other titles.

Where are all my “Shark Tank” fans?

Mark Cuban is my favorite shark. And even though he’s worth billions, he knows the importance of thrifty living.

So let’s address the items he’s talking about.

First, “It doesn’t matter what car you drive.” So consider buying a used car to save some bucks.

Second, don’t worry about your clothes so much. I’ve recently become obsessed with the “capsule wardrobe” trend. If you grew up wearing uniforms to school like me, then it works well.

Right now, I’m working to get rid of my more over-indulgent pieces. Rather than being a great human and donating the pieces, try selling them first. You could snag some extra bucks through a site like Letgo.

Third: Bills! Unfortunately, you can’t really purge that expensive electric bill, but you can cut back. If you’re not seeing the results you want when you unplug here and there, a free iOS app called Clarity Money will actually negotiate your bills down for you.

It starts by scanning your bank statements for areas where you might be overspending or overpaying and then does the hard work by contacting the companies on your behalf! If they’re able to negotiate a discount, they keep 33% of the savings as a fee for their services. And if they save you nothing, you owe nothing.

By saving money on bills, you can focus more on your bigger financial goals. And if you don’t have any… here’s your step-by-step guide.

 Richard Shotwell/Invision/AP

7. “To get rich, you have to be making money while you’re asleep.” — David Bailey, British fashion and portrait photographer.

David Bailey makes a beautiful point. But how does one make money whilst sleeping?!, you ask.

We call it “passive income,” and there are several ways you can make money while you sleep, including a few simple app downloads.

One of my favorites is through a tool called ShopTracker. Basically, it wants to see what Amazon users are purchasing. Just by downloading the tool, you can pocket an extra $36 a year.

We wrote all about the sign-up process (screenshots included!) here. Or, if you want to go ahead and jump in, download the free tool here.

 AP Photo/Reed Saxon

8. “I think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invest your way out.” — Jeff Bezos, CEO of Amazon.

Thanks to Bezos, I have a hard time saving money with an Amazon Prime account and impulse spending tendencies. But I found a few ways to save a few bucks.

One of our contributors doesn’t have that issue, though: Steve Gillman lives a rich life — by being frugal.

No, he’s not cheap. He’s frugal, which means he lives without debt; even his home is paid off. Here’s how he does it.

money quotes

 Richard Branson/Facebook

9. “A business has to be involving, it has to be fun, and it has to exercise your creative instincts.” — Sir Richard Branson, a “tie-loathing adventurer, philanthropist & troublemaker” (according to his Twitter bio).

Involvement, fun and creativity are keys to success, according to Branson. (I’m not just being sarcastic here; he really is deemed “sir.”)

If you’re not feeling completely satisfied at your day job, consider striking up a side business. We recently interviewed three successful entrepreneurs that started businesses from scratch and now offer free courses on how you can do the same.

And even if it doesn’t pay all the bills, it will help you release some creative, passionate energy.

 Robert Kiyosaki/Facebook

10. “It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” — Robert Kiyosaki, author of “Rich Dad Poor Dad.”

This guy’s had some controversial headlines in recent years, but I love his advice.

You earn your money and you want it to grow, but these days you can never be too careful with it. Identity thieves are out there — and they’re constantly coming up with new scams.

If you really want to make sure your money doesn’t go anywhere you don’t know about, check out a free service like Credit Sesame. It lets you check your credit score for free, but also insures you for up to $50,000 if your identity is stolen.

Think you’re invincible? So did our contributor, Jamie Cattanach. When she was 18, someone opened an AT&T account in her name. She assumed it wasn’t hers, so she didn’t acknowledge the bill — until debt collectors began phoning and her credit score plummeted.

Once you sign up for identity protection, they keep a tab on your finances and inform you anytime someone applies for any kind of credit using your name. Plus, they’ll pay up to $25,000 of your legal fees if someone does steal your identity. It’s completely free and kind of a no-brainer.

money quotes

 Ellen Degeneres/Facebook

11. “I didn’t go to college at all, any college, and I’m not saying you wasted your time or money, but look at me, I’m a huge celebrity.” — Ellen Degeneres, a huge celebrity.

We all know Degeneres loves to dance, and maybe it’s because she’s never felt the weight of student loans on her shoulders.

That’s because she didn’t go to college, and she reminds us: That’s OK. You don’t need to sink thousands of dollars into a college degree to find success.

But if you do have tons of student loans, consider refinancing them. Using Credible, students have saved thousands by refinancing their loans — including Jammie Proctor who’s saving an estimated $5,000-$7,000 a year, and Ashley Williams, who’s saving about $18,000 in interest.

If you want to find out if refinancing will save you big, check out this nifty flowchart.

And if you’re feeling at all grumpy today, watch this.

money quotes


12. “I truly believe that women should be financially independent from their men. And let’s face it, money gives men the power to run the show. It gives men the power to define value. They define what’s sexy. And men define what’s feminine. It’s ridiculous.” — Beyoncé, also known as “Queen Bey.”

How can I write a post about famous, inspiring, wealthy people without including Beyoncé?! Exactly. Impossible.

So this quote goes out to all you ladies, especially if you’ve always wanted to venture out on your own and start your own business.

We know just thinking about investing money into something that’s not making money yet is daunting to even think about. But have you considered a business grant?

We found six that cater specifically to female entrepreneurs.

Don’t know how to put one together? We’ve got you covered there, too.

money quotes

 J.K. Rowling/Facebook

13. “I think the single biggest thing that money gave me-and obviously I came from a place where I was a single mother and it really was hand to mouth at one point. It was literally as poor as you can get in Britain without being homeless at one point. If you’ve ever been there you will never, ever take for granted that you don’t need to worry. Never.” — J.K. Rowling, novelist. (Hi, Harry Potter.)

Sure, J.K. Rowling reigns over Hogwarts now, but she wasn’t always worshipped. She once opened up and shared that she was a single mom, as poor as possible without being homeless.

Now, she looks back on the experience with gratitude and says she doesn’t take anything for granted.

If you’re a single mom — or any parent for that matter — who’s struggling, we hope this quote gives you some hope. We also hope you’re taking advantage of coupons and freebies.

Nope, you don’t have to go to any extremes. Pampers gives out free coupons for diapers, and Enfamil will send you $250 in coupons when you sign up.

money quotes

 Jerry Seinfeld/Facebook

14. “Dogs have no money. Isn’t that amazing? They’re broke their entire lives. But they get through. You know why dogs have no money? No Pockets.” — Jerry Seinfeld, comedian, actor, writer, producer and director.

Is your bank account dry as a bone? (Get it?) Are you tired of empty pockets?

Quit scraping the bottom of the food bowl, and make some extra cash in your free time by taking surveys.

MyPoints is a legitimate survey site that pays you to answer questions. When we say legit, we mean the Better Business Bureau granted it an A+.

However, it’s worth noting, the cash won’t just pop into your pockets… unfortunately. You’ll get paid in points, then use them to purchase gift cards. (But if you do want the cash, we have an article about how to sell your gift cards.)

QuickThoughts is another kind of survey site that pays you to complete missions. It uses your GPS to ask you questions about places you’ve been lately: Was that CVS clean? Were the lines long at McDonald’s? To date, its users have banked more than $5 million answering these questions. Chaaa-ching.

money quotes

 Will Smith/Facebook

15. “Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.” — Will Smith, the Fresh Prince of Bel Air, among other titles.

Have you spent money you haven’t earned? Then you might have some debt. And if those payments are intimidating? You have some options.

Consider refinancing your loans or consolidating them. By refinancing your loans, you’re taking out a totally new loan — with (ideally) a lower interest rate. By consolidating your loans, you’re lumping them into one sum with one interest rate.

Either route could save you tons. A great resource to get you started is Even Financial, which can help you borrow up to $50,000 (with no collateral needed) and compare interest rates from several lenders.

Once you get that debt paid off, you can breathe a huge sigh of relief — maybe even become a fresh prince. ¯\_(ツ)_/¯

Your Turn: What’s your favorite money quote?


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