A self-made millionaire revealed her two most important tips for becoming rich.
Tessa B. Gilton25, from Scottsdale, Arizona, has built her fortune by building her own brand on social media as she is known as the “rich big sister” of TikTok.
Recently, she took to the video-sharing platform to detail two secrets to becoming a millionaire.
She breaks down Exactly How to Become a Millionaire by sharing how to maximize your savings, active income, and investments so you can achieve financial success.
A self-made millionaire, Tessa B. Gilten, 25, of Scottsdale, Arizona, has revealed her two top tips for getting rich.
She has amassed a fortune by building her own brand on social media where she is known as the ‘rich big sister’ of TikTok
She began by giving users an important quote that she claimed she followed to get rich: “You’ll never save your way to riches.”
Tessa first described how to use the savings to your advantage.
First things first, I have to tell you the most important quote that changed my life.
“You’ll never save your way to riches, what I mean by this is if you have a certain income right now, just saving more money and reducing expenses won’t make you rich,” she explained.
And while she notes that cutting costs is a “smart move,” it won’t help you achieve financial freedom.
You have a “little nest egg,” advised Tessa, which she said is “three to six months of savings from your current living expenses.”
The self-made millionaire does not recommend putting these savings into a “traditional bank account” but instead a “high yield savings account”.
She advised her followers to put all their expenses on credit cards, which they will pay “every month.”
“By paying our bills and setting expenses on a credit card, we can redeem cash back points, travel rewards and all sorts of things that actually work as basically free money in the future,” Tessa explained.
She advised her followers to put all their expenses on credit cards which they would pay ‘every month’.
Next, the self-made millionaire explained why your income and active investments matter, stating that you must find a “side hustle” to increase your income.
She indicated that you can use a travel card so that you can redeem points for your next vacation or cash back.
Now, we’re building our credit, getting our money back, and controlling our expenses.
She added, “Not only will this allow you to have a great foundation on which to build your wealth, but it also removes a lot of those financial stresses that often prevent us from actually achieving.”
Next, the self-made millionaire explained why your active income and investments matter.
Your active income, she explained, is “anything you trade your time for money,” which often feels like a traditional nine-to-five job.
Add some “side business” to increase your income, Tessa advised.
“First things first, I highly suggest looking at ways you can increase your active income. Therefore, if you are currently in a job, find ways to ask for a raise, and if there is additional work you can collect, or try to work towards increasing that income.
Viewers flooded the comments section with words of praise for the millionaire, indicating that they would take her advice
Tessa added that if you work for a marketing agency, you must sell knowledge on how to be successful in internet marketing.
She explained that this would help raise money.
Viewers flooded the comments section with words of praise for the millionaire, indicating that they would take her advice.
‘Thank you for taking the time to do this!’ This was very accurate. One person commented: ‘I was nodding my head at every word.
One user said, “Awesome.”
“Great tips!” someone else commented.
Another person added: “Love this!”
