After creating controversy a few weeks ago for suggesting that Australians should stay away from pubs so they would be financially better off, Gina Rinehart's latest advice to young Aussies will likely be a trending topic again in news programmes and social media.

In her latest column for Australian Resources and Investment magazine, Australia and the world's richest in the world urged young people to stop taking overseas holidays and live within their means.

That unsolicited advice applies as well to households and government, based on the principle that one has to earn revenue before spending it.

"Then you had to make choices: it might be nice to have overseas holidays, but maybe we should renovate the bathroom and/or kitchen, save for a granny flat, et cetera," The Sydney Morning Herald quoted her column.

"Proper planning and allocation within the budget constraints had to occur. This may not be popular, but we do need to get back to these basic understandings, and, very importantly for Australia, so do our overspending governments," she added.

Her words of wisdom may actually be sound economic principles, however, many Australians question if by following her advice, they would end up as wealthy as Ms Rinehart, who actually inherited the bulk of her money from her father, Lang Hancock.

Her aim is to halt the culture of overspending within Australia and the culture of jealousy on those who make a lot of money.

"I hope our young Australians look at what's happening in Europe and quickly realise the folly of the popular concept that money falls from the sky without being earned and that the government knows better than we how to spend our money and run our lives," she added.

Ms Rinehart said that business people, like her father, should be rewarded for their risk-taking endeavours.

"He (Lang Hancock) also made money and this made people jealous. There was nothing stopping others from taking the risks facing the many hardships and working hard like Dad did but jealousy is easier, and jealousy leads to detractors, vitriol and hatred," the mining magnate pointed out.

These same lessons, however, appears to have been lost on her three estranged adult children with whom Ms Rinehart is engaged in a bitter court battle over control of a trust set up by the family patriarch. She had previously lamented the poor work ethics of her children who apparently want to live off their inheritance rather than work hard as their grandfather and mother had done.

Meanwhile, Ten Network where Ms Rinehart is the second-largest stakeholder with a 10 per cent share, is waiting if she will open her fat wallet and help raise $230 million emergency fund the company needs.

The three other major shareholders, Lachlan Murdoch, James Packer and Bruce Gordon, who hold 14, 9 and 9 per cent shares each, respectively, have pre-commitments to the new share issue. Ms Rinehart has until 4 p.m. of Friday to decide if she will invest further in the financially challenged media firm where she is also a board director.

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