Dolly Parton has revealed the secrets of her lavish lifestyle and making the most of her money

Speaking to Closer US magazine, she said: "I really like to earn money, and I love to spend it too. But I spend it on things that I feel that's needed.

"I'm not the kind of person that will go out and spend, like, three or four thousand dollars on a coat or one outfit."

Dolly noted when she does decide to spend her hard earned money, it usually goes on her on stage costumes and beloved wigs.

She pondered: "I don't even know how many wigs I have - I wear one almost every day, so I must have at least 365."

And while her public appearance might sometimes suggest otherwise, the 75-year-old singer was keen to point out she doesn't feel like a "material girl".

She explained: "I know I look like a material girl, but I'm really not.

I've got clothes that I've worn for years.

"I always think of my daddy or my mama... they could have fed a family of 12 on what I would pay for a coat."

Dolly doesn't see much point in sitting on her fortune either, and she used her first big payday to treat her parents to a new car, and money to "fix their house up".

She added: "Money is like the tide: It rolls in and it rolls out. If you clutch it, you are not going to keep it.

"With the first money I ever made, I bought my mommy and daddy a car, and helped them fix their house up.

"It seems like the more I give, the more I get, and that is the way it is supposed to go in life."