Savings: ‘One money hack that the rich do not want you to know about’ | Personal Finance | Finance

The video was captioned: “This is the path to not having to work again: #financialfreedom #passiveincome #rich #fintok #howto #learnontiktok.”

The content creator explained: “Here’s one money hack that the rich don’t want you to know about.

“Actually, most wealthy people are happy to share how they did it because they know most people won’t do it.

“But for the few that are going to, here it is. When you want to buy something, don’t buy it with dollars out of your pocket.

“Buy it based on the interest you need to make off investments to afford it. For example, Netflix costs $10 a month.

“Most people will buy it because they can afford it. The few will invest $2,500, paying them $10 a month in interest.

“If you always look at purchasing through this, you will get to a point where you will not need to work again.”

In the comment section of the video, many viewers shared their opinions on the finance expert’s advice.

Many voiced their confusion over how they are supposed to implement this guidance into their own lives.

One user named Ryoshi said: “Translation: if the interest off your investments can’t cover your purchases, then don’t purchase.”

Another viewer named Ultra added: “I think he means what would it take (in investments) to make that $10/month.”

Those interested in further financial advice from Mickey can follow him on his TikTok channel (@mikey).