Protz millionaire reveals: This is how you too will be rich! Tips from the Viennese entrepreneur

Protz millionaire reveals: This is how you too will be rich! Tips from the Viennese entrepreneur

Florian Koschat, a 50-year-old entrepreneur and investor from Vienna, recently has his new book "Nevertheless rich!" published. In it he gives young people from financially disadvantaged households hope and would like to encourage them to actively improve their financial situation. In an interview with Oe24 explains Koschat at the age of 25 and is faced with a radical change in financial education.

His criticism is aimed primarily at the existing school system, which in his opinion does not convey adequate financial survival strategies. The entrepreneur lists five central tips to help to get rich. These include the change in the mindset, ignoring work-life balance in favor of hard work, minor investments and initiative, as well as the environment to surround themselves with successful people.

five tips for wealth

Change
• mindset: poverty is often a way of thinking that is characterized by family beliefs.
• work-life balance ignore: success requires hard work and focus, not breaks.
• Klein start: Even small investments are better than none; Knowledge is crucial.
• Initiative show: write more applications and actively search for jobs.
Change
• environment: surrounded with successful people and take over their ways of thinking.

In addition, his book offers a 10-question test for the identification of unhealthy financial beliefs. For additional incentive, Koschat is giving away tickets for a test drive in Rolls-Royce, which is connected to a photo shoot.

Financial education as a key

The topic of financial education is also becoming increasingly important internationally. On September 24, 2024, Christian Lindner and Bettina Stark-Watzinger received a proposal from the OECD for a national financial education strategy for Germany. In Germany there is a diverse range of educational resources, but there is a lack of a common objective and quality assurance, such as the Federal Government determined.

The OECD emphasizes that Germany does not do badly internationally in financial education, but there is still a need to catch up in certain areas and target groups. This includes long-term savings, participation in the financial and capital market as well as budget planning. Particular attention is paid to strengthening digital financial competence.

Florian Koschat could make a valuable contribution to financial education with his initiative. His recommendations and the desire for an educational offensive reflect the growing needs and challenges of financial education in today's society.