1. Make sure your dad is really wealthy

Do whatever you have to do to be born into enormous wealth – it saves a lot of time building a business from scratch. Inheriting your father’s eyes is lovely, but inheriting his iron-ore deposits is so much more useful.

2. Keep your children’s dirty mitts off your money

Children are horrible. And horribly expensive. Get your legal team to set up a watertight, legally binding agreement for your children that stipulates what belongs to you and what doesn’t belong to them.

3. When your income is threatened, run a multi-million dollar advertising campaign

I’m sick of whingers who have the nerve to say they don’t get paid enough, but then don’t have the balls to follow it up with a professionally developed TV campaign arguing their case. Don’t tell me about your problems, tell your advertising agency!

4. Where possible, import cheap labour

If your maid or head gardener is an Australian citizen, you’re probably paying too much. Import labour where possible or, as I do with my cooking staff, set up a fly-in-fly-out strategy from a third world country

5. Grow your own vegetables

And operate your own mines. You’d be amazed at how much money you can save on basic household items when you do things yourself.

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