The video is captioned: “This is the way to no longer have to work: #financialfreedom #passiveincome #rich #fintok #howto #learnontiktok.”
The content creator explained: “Here’s a money hack the rich don’t want you to know about.
“Right now, most rich people are happy to share how they did it because they know most people won’t do it.
“But for the few who will, 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 invest to afford it. For example, Netflix it costs $10 a month.
“Most people will buy it because they can afford it. A few will invest $2,500, paying them $10 a month in interest.
“If you always look at shopping through this, you’ll get to the point where you don’t have to work anymore.”
In the comments of the video, many viewers shared their thoughts on the financial expert’s advice.
Many have expressed their confusion about how they should implement these guidelines in their lives.
One user named Ryoshi said: “Translation: If the interest on your investments can’t cover your purchases, don’t buy.”
Another viewer named Ultra added, “I think he’s thinking how much (investment) it would take to make that $10 a month.”
Those interested in additional financial advice from Mickey can follow him on his TikTok channel (@mikey).