Obviously Rich means different things to different people. What does rich mean to you?  Is it a huge mansion or a cottage by the sea?  Once you know what you want, it is easier to make goals to get there.

TIP: A goal is just a dream with a timeline - you can achieve your goals quicker if you know the steps to get there.

Budgets don’t have to be boring.  Divide your income into three – the first (and most important) is for your savings or paying down your debts, the second is for your bills and living expenses and the last is your guilt-free spending money.

TIP: Try and set up that your savings money goes directly into a high interest account before you touch it - that way you're never likely to miss it.

It can be difficult to find extra money to save, you either have to earn more or spend less. Spending less is a lot easier (unless you have a very generous boss willing to give you a payrise!) so try and think of creative ways to save some money – even a few dollars will add up over time.

TIP: Did you know that saving $5 a day on your coffee/choc fix adds up to over $1300 per year! Ouch.

As you get more financially savvy you can start looking at the big guns – shares and property.  Investing will get you to your financial goals sooner as long as you know what you are doing- do some research before you start or leave it to the professionals to do the work for you.

TIP: Only buy shares in the ASX 500 (The All Ords Index) so you are only dealing with the bigger (and hopefully safer) companies in Australia.

It’s not enough to get rich; the trick is to staying there!  Make sure you have insurance for all your belongings and a will in case the worse happens.  While these things are all awful to think about, they are still very important to have to protect your assets.

TIP: By all means, shop around for the best insurance deal but make sure you read the fineprint and that you are still covered for everything - you don't want your 'cheap' cover to be worthless when you need to claim.