Millionaire shares the one thing all rich people do differently with their money

Lifestyle

Written by Brielle Burns, News.com.au

@taylor_money_

Billionaires do this every day #rich #moneytalk #real estate ＃Abundance I first saw this concept on TikTok as a man with a white curly beard and hair…it was a repost and didn’t reveal who he was…I saw him online I couldn’t find it…so I didn’t credit him. If you know who he is please comment his name. That way you can honor his accomplishments 👊

♬ Original song – Taylor Money

The US billionaire has revealed that all “wealthy people” behave differently when it comes to money, claiming it has nothing to do with their bank balances.

In a viral TikTok video, social media user ‘Taylor Money’ says there is a big difference in the way billionaires view money, while others see it as simply a tool to pay bills. He claimed to have a tendency to see.

“The number one thing that sets rich people apart is that they understand the real meaning of money,” he said in a video that has been viewed more than 2 million times.

“Poor people believe that money exists to pay their bills and stay out of debt. They work for someone Monday through Friday, trade their time for money, and give it to others. give to the person.

“It’s a great way to whittle away at your life and never move forward.”

“Middle-class people use money as a way to build credit so they can buy bigger houses, bigger boats, bigger cars, etc.,” he continued, adding, “That’s not what money does.” added.

Rather, he said, “rich people know that the role of money is expansion, that they use the money they earn to make more money.”

“Rich people expect every dollar they have to make more money,” said the 42-year-old, who became a millionaire in his 20s.

“It is only when you begin to realize that money is what it really is: a way of expansion, a means for your own expansion, that opportunities to make more money and expand will begin to present themselves to you.”

Taylor, who shares financial advice with more than 145,000 followers online, offered similar tips in another video when the billionaire spoke about one thing he wished he had known in his 20s. I revealed it.

In it, he shared advice he received from a 31-year-old friend who has a net worth of $12 million.

“His advice, and I quote it, is that budgeting is a scam,” Taylor said.

“Burning mental calories trying to figure out how to save an extra hundred dollars here and there a month is literally a waste of time.”

Instead, his friend suggested he try spending that metal energy figuring out how to make more money.

“This person’s company’s profits last year were $8 million.” [and] This year it’s $60 million. And at the same time as his total revenue doubled, his profits quadrupled,” he concluded.