I am a self-made millionaire, here are the keys to getting rich
A self-made millionaire has revealed her top two tips for getting rich.
Tessa B. Jelten25, from Scottsdale, Arizona, has made a fortune building her own social media brand where she is known as TikTok’s “rich big sister.”
Recently, she took to the video sharing platform to explain two secrets to becoming a millionaire.
She explained “how exactly to become a millionaire” by sharing how to maximize your savings, active income and investments so that you can have financial success.
Tessa B. Jelten, 25, from Scottsdale, Arizona, is a self-made millionaire and has revealed her top two tips for getting rich
She has made a fortune by building her own social media brand where she is known as TikTok’s ‘rich big sister’
She began by giving users an important quote that she claimed she followed to get rich: “You’re never going to save your way to rich.”
Tessa first described how you can use your savings to your advantage.
“First of all, I have to tell you the most important quote that changed my life.
“You’re never going to get rich. What I mean by this is that if you have a certain income right now, just by saving more money and cutting back on expenses, you’re not going to get rich,” she explained.
And while she noted that cutting costs is a “smart move,” it wouldn’t help you achieve financial freedom.
Tessa shared that you have a “bit of a nest egg,” which she said was “spared from your current living expenses for three to six months.”
The self-made millionaire advises not to put those savings in a ‘traditional bank account’, but in a ‘high-yield savings account’.
She advised her followers to put all their expenses on credit cards that they would pay off “every month.”
“By paying our bills and putting our expenses on a credit card, we can redeem cashback points, travel rewards, and all sorts of things that actually serve as free money in the future,” Tessa explains.
She advised her followers to put all their expenses on credit cards that they would pay off “every month.”
Then the self-made millionaire explained why your active income and investments are so important, noting that you should find “side business” to increase your income
She noted that you can use a travel card so you can redeem points for your next vacation or get cash back.
“Now we are building our credit, getting the money back and getting our spending under control.
“Not only does this give you a great foundation to build your wealth on, but it also eliminates a lot of that financial stress that often keeps us from actually achieving anything,” she added.
Then the self-made millionaire explained why your active income and investments are so important.
She explained that your active income is “anything you trade your time for money in,” which often resembles a traditional nine-to-five job.
Tessa recommended that you add some “side business” to increase your income.
So for starters, I would highly recommend looking at ways you can increase your active income. So if you currently have a job, find ways to ask for a raise, if there’s extra work you can pick up, or try to work on increasing that income,” she said.
Viewers flooded the comment section with praise for the millionaire, noting that they would take her advice
Tessa added that if you work at a marketing agency, you have to sell knowledge on how to be successful in online marketing.
She explained that this will help roll in the money.
Viewers flooded the comment section with praise for the millionaire, noting that they would take her advice.
‘Thanks for taking the time to do this! This was so precise. Every word made me nod my head,” one person commented.
One user said, “Cool.”
“Great tips!” remarked another person.
Another person added, “Love this!”