How to be better at money: Aussie TikToker Charlie Ehlers shares the money habits he swears by
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Aussie who saved $200k at age 26 shares the money tricks he swears by – and the ‘rules’ you MUST follow to find wealth in your 20s
- Aussie TikToker Charlie Ehlers, 28, shared his list of ‘money rules’
- After posting a two minute video it got over half a million views
- He doesn’t use ‘buy now, pay later’ and orders food delivery in moderation
- Charlie also shared controversial opinions about owning a house and studying
- He claims to have saved $200,000 by saving and investing at 26
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A young Aussie known for sharing his financial and investment habits on TikTok has listed the “money rules” by which he lives.
TikToker and stock investor Charlie Ehlers, 28, of Perth, claims to have saved more than $200,000 by 26 by learning how to invest, learning how to manage his expenses and working full-time while in college.
Today he is aware of how she spends his income by not using ‘buy now, pay later’ schemes, order food in moderation and say he would only buy a house to live in if he had a family.
“Here are some money rules I follow as someone in their 20s who has been investing for almost 10 years,” he said in a TikTok video.
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Australian TikToker Charlie Ehlers (pictured) has gone viral after revealing his list of money habits – including buying Uber Eats sparingly and not owning a house unless it’s an asset
Charlie said he would never buy designer brands that only “target broken people who want to look rich.”
“Your Louis Vuitton, your Gucci. These brands have mastered your psychology,” he said.
“I’m not judging, if that’s what you want to be, that’s fine. Just to let you know that there are brands that are just as good where you don’t pay for the brand name.’
Charlie is also aware of how much money he spends on drinking.
“If you’re someone who’s going to spend $150-$200 on a night out on drinks, but then complain about fuel prices, rent, and interest rates… you’re an idiot. Drink beforehand and then spend $20-$50.”
In his controversial opinion, Charlie said you shouldn’t go to college unless you “have a profession.”
“Too many people go into debt to get a degree they don’t use. If you get a degree, do it because you want to practice that profession,” he said.
Perhaps the most controversial topic of conversation has been about owning a home.
‘Don’t buy a house. Unless you’ve gone through all the numbers of what it costs to run and own a house, don’t comment on that,” Charlie said.
“Personally, I would buy a house if I could turn it into a cash flow, which most don’t because buying a house is usually a lifestyle choice. It’s an emotional decision.
“I would buy a house if I had a family and we wanted a specific place for a very specific reason. But building wealth, buying a house to live in is not the solution.’
In another video, he revealed exactly how he became financially free in his twenties — and how others can do the same.
To save, he lived below his means, investing in commercial real estate, investing consistently in the stock market, and learning how to build multiple income streams.
The easiest way to earn more money on top of your income is to do an afterthought, such as answering online surveys, dog walking, driving an Uber Eats, or copywriting.
To save “thousands,” Charlie doesn’t budget using common tactics like the 20/30/50 rule, but instead focuses on the percentage of income he chooses to use for investment.
“For example, invest 20 percent of your income and the rest is yours,” he said in another video.