‘You are never going to SAVE your way to being rich’: Self-made millionaire reveals the two key lifestyle changes that will help YOU build your wealth
- Tessa B. Jelten, 25, from Arizona, revealed how to become wealthy
- She is a self-made millionaire and shared her two top tips to earning a fortune
- Tessa said you should start side hustles and use credit cards for your expenses
A self-made millionaire has revealed her top two tips for becoming wealthy.
Tessa B. Jelten, 25, from Scottsdale, Arizona, has made a fortune by building her own brand on social media where she is known as TikTok’s ‘rich big sister.’
Most recently, she used the video-sharing platform to detail two secrets to becoming a millionaire.
She explained ‘exactly how to become a millionaire’ by sharing how to maximize your savings, active income and investments so you can have financial success.
Tessa B. Jelten, 25, from Scottsdale, Arizona, who is a self-made millionaire, has revealed her top two tips for becoming wealthy
She has made a fortune by building her own brand on social media where she is known as TikTok’s ‘rich big sister’
She began by giving users an important quote that she claimed she followed to become wealthy: ‘You are never going to save your way to rich’
Get to money making! The two pillars of becoming a millionaire
- Put all of your expenses on a credit card that gives you cash back or travel rewards. Make sure to pay off the card every month.
- Start a side hustle while working a traditional job to earn more income.
Tessa first described how to use savings to your advantage.
‘First things first, I have to tell you the most important quote that changed my life.
‘You are never going to save your way to rich. What I mean by this is if you are at a certain income right now. Just by saving more money and cutting out expenses is not going to make you wealthy,’ she explained.
And while she noted cutting costs is a ‘smart step’, it wouldn’t help you achieve financial freedom.
Tessa advised that you have a ‘bit of a nest egg’, which she said was ‘three to six months of your current living expenses saved up.’
The self-made millionaire doesn’t recommend putting those savings into a ‘traditional bank account’ but instead a ‘high yield savings account.’
She advised her followers to put all of their expenses on credit cards that they would pay off ‘every single month.’
‘By paying our bills and set expenses on a credit card we’re able to redeem cash-back points, travel rewards and all kinds of things that actually serve as essentially free money in the future,’ Tessa explained.
She advised her followers to put all of their expenses on credit cards that they would pay off ‘every single month’
Next up, the self-made millionaire explained why your active income and investments are so important, noting that you should find ‘side hustles’ to increase your income
She noted that you could use a travel card so you can redeem points for your next vacation or get cash back.
‘Now, we’re building our credit, we’re getting the cash back, and we’re getting our expenses under control.
‘Not only is this going to allow you to have a great foundation for building your wealth but it also eliminates a lot of that financial stress that often stops us from actually being accomplished,’ she added.
Next up, the self-made millionaire explained why your active income and investments are so important.
She explained that your active income is ‘anything that you’re trading your time in exchange for money’, which often looks like a traditional nine to five job.
Tessa advised that you add in some ‘side hustles’ to increase your income.
‘So first things first, I would highly suggest looking at ways that you can increase your active income. So, if you are currently at a job find ways to ask for a raise, if there’s additional work you can pick up, or try and work towards increasing that income,’ she said.
Replying to @taekookeditzs there are LOTS of people talking about wealth on this app… but no one tells you how to actually do it! Let me change that 👏🏼 Focus on these 3 pillars first and you’ll notice a BIG change. Come back for part II Xoxo rich big sis #howtoinvest #investingforbeginners #Realitycheck #motivationmonday #personaldevelopment #businesscoach #financetiktok #richgirlaesthetic
Viewers flooded the comments section with words of praise for the millionaire, noting that they would be taking her advice
Tessa added that if you are working at a marketing agency, you should sell knowledge about how to be successful in marketing online.
She explained that this will help roll in the money.
Viewers flooded the comments section with words of praise for the millionaire, noting that they would be taking her advice.
‘Thank you for taking the time to do this! This was so precise. I was nodding my head at every word,’ commented one person.
One user said: ‘Cool.’
‘Great tips!’ commented another person.
Another person added: ‘Love this!’
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