Put your mind on your money! Budget Expert Reveals Genius Tips To Earn WEALTH By Thinking And Acting Like A Rich Person
- Sarah Schweisthal Has Revealed How To Change Your Mindset To Get Rich
- The US-based financial coach explained that rich people drive used cars
- He also said that you should always adapt a budget plan if you want to be rich.
A financial coach has revealed how changing your thinking in six different ways can lead you to becoming rich.
Sarah SchweisthalFounder of the app You Need a Budget, which helps change your relationship with money, she frequently shares money-saving tips on her TikTok channel.
Most recently, the US-based budget expert detailed how driving a ‘used car’ and living ‘below your means’ are things rich people do to help themselves stay rich.
In a clip posted to the video-sharing platform, Sarah told her more than 589,000 followers how they can start making money by adapting these lifestyle changes.
Sarah Schweisthal, a US-based financial coach, has revealed the practices you need to adapt to get rich
The money expert revealed that rich people spend less than they earn and even noted that most rich people “drive a used car.”
The budget expert also told her more than 589,000 followers that rich people spend their time focusing on ways to promote wealth.
This is how YOU can get rich! The things you should be doing to get rich
- Spend less than you earn
- drive a used car
- Prioritize financial independence over appearance
- Spend your time and energy focusing on things that promote wealth.
- Never use consumer credit like Afterpay
Captioning the video, ‘Are you practicing these wealth building habits?’ the money expert detailed the things rich people do.
“If one of your goals in life is to get rich, a mindset shift needs to happen.
“So here are some ways rich people think about behaving differently,” he explained at the beginning of his video.
The first habit the rich practice is living below their means.
Sarah explained that wealthy people ‘consistently spend less than they earn’.
By saving most of their paycheck, rich people continue to accumulate cash.
And because they spend less than they earn, the rich don’t spend their money on every luxury item they see.
Sarah even noted that most rich people “drive a used car.”
This is because they prioritize saving money over how rich they appear to others.
“They believe that financial independence is more important than appearance and status,” said the money expert.
Sarah said that rich people focus on financial independence over appearance or status.
Finally, Sarah said that the upper class do not use consumer credit and always keep a budget.
Those who have a lot of cash are also always thinking of new ways to increase the amount in their wallets.
Sarah pointed out that rich people often spend their time doing things that ‘will promote wealth’.
Because of this, the upper class makes sure to invest in a good budgeting system so they know exactly what their expenses are.
Lastly, the money expert said that you should avoid using payment options like Afterpay.
“They also don’t use consumer credit like Afterpay,” he said.