- The mogul known online as Taylor Money shares financial advice on TikTok.
- He posted a video revealing the only connection rich people share
- A content creator said, “I see the role of money from a different perspective than other people.''
A billionaire revealed that all “wealthy people” spend their money differently. It has nothing to do with how you earn or spend your money.
The mogul from Kauai, Hawaii, known online as Taylor Money, has gone viral on TikTok for sharing financial advice, with more than 145,000 followers and nearly 1 million followers across his videos. received “Likes!''.
The 42-year-old recently opened up about the one connection all wealthy people share, saying it's in their “view of how money works.”
He notes that people with low incomes tend to see their income only as a means to “pay bills” or buy goods, while wealthy people see cash simply as a “means of expansion.” He explained.
“There's one thing the rich do that is completely different from the middle class or the poor. It has nothing to do with how much they keep in the bank, how much they spend each month, or how much they have in their savings.” ” Taylor said on TikTok, which has been viewed more than 2.4 million times.
“The biggest thing that sets rich people apart from other people is that they understand the function of money as it should.
“Let me give you an example. Poor people believe that money exists to pay their bills and stay out of debt.
“They work for someone else Monday through Friday, trading their time for money and giving it to others. It's a great way to whittle away at 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. That's not what money does.
“Rich people know that the role of money is expansion, that they use the money they earn to make more money.”
Taylor argued that “rich people expect every dollar they have to make more money.”
“It is only when you begin to realize that money is what it really is, a way of expansion, a vehicle for your own expansion, that opportunities to make more money and expand will begin to appear,” he says. I concluded.
In another video, Taylor revealed the three steps she took to become a millionaire at the age of 26.
He explained that he was working as a firefighter when he realized he couldn't “make enough money” to become wealthy in an hourly job.
“That's when I learned step one: stop trading your time for money,” he said.
Because no matter what job you're doing now, [if it’s hourly]This number is inconceivable for anyone with a bank account large enough to invest enough after taxes to earn enough profits to reach millionaire status within the next 20 years. not.
So what I started doing was the opposite of exchanging time for money. I started exchanging value for money.
“More specifically, I moved into a commission-based sales position where I was compensated for my performance rather than the time I spent there.
“And the better your sales skills are, the more money you can make in a short period of time.”
His second step is to focus fully on work, even if it means temporarily putting his personal life on the back burner.
“For some reason, most people miss this, but it's potentially the most important part,” he continued.
“There's this weird idea that at every point in your life you should have the perfect work-life balance, spend time with family and friends, do your job, and have time for everything. That's bullshit* *”That’s an illusion.
“The sooner you accept your mission and your journey, the more [to become rich] It's the most important thing in your life, and it's much more important than money – it's about freedom, prosperity, and providing for your family – so you can get the work and the work you need to succeed faster. At this point in your life you can put effort and energy into it.
“Then you can feel safe knowing that you are in the business of providing.”
Taylor's third and final step is to put “at least 10 percent of your income into investments,” and he recommends not waiting until you're wealthy to start.
“Listen, the reason you want to start investing 10 percent of your income now, before you make a lot of money, is because it shows your subconscious what is important in your life. 'Because I'm giving it to you now,' he explained.
“It shows you're a good money manager. You know the saying, 'If you take care of the pennies, the dollars will naturally take care of you.'
