‘That’s not the function of money’: A viral TikTok explains how to really get rich, using a millionaire mindset

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A TikToker thinks he knows the answer — but it’s probably not what you think.“It has nothing to do with how much money they have in their bank,” said Taylor Conroy, who goes by @taylormoney.co, in a video that has garnered almost 3 million views on TikTok (1).Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPMost Americans earn a dismal 0.39% APY on their cash at big banks. Unlock up to 4.05% APY and pay $0 in account fees instead with a Wealthfront Cash AccountAccording to Conroy, the distinction between the average middle-class mindset and that of millionaires lies in one word — expansion.Rather than spending your money on material upgrades or paying bills, he believes the true purpose of money is to use it to generate more money. According to him, it is “one thing that rich people do completely differently.”In this way, he challenged conventional wealth wisdom by dismissing the routine strategy of spending money on things like “bigger houses, bigger boats, bigger cars” and then stashing the rest in a savings account.“Only when you start to see money for what it actually is, a method of expansion … then the opportunities to make more money or expand start presenting themselves for you to take,” he explained.In other words, it’s about mindset.If you find Conroy’s advice compelling, here’s a look at why he might be onto something and how you can put his income-generation mentality into action.If you’re looking for confirmation of Conroy’s advice, go no further than billionaire Mark Cuban.In an interview with Spanx founder Sara Blakely, Cuban expressed himself in a similar way, describing how he lived “like a student” in order to invest his money for growth, with the hopes of retiring by 35 (2).“I was determined to save money. I was determined to be able to retire. It wasn't like I thought, ‘Okay, I'm going to be super-rich,’” he told Blakely. “I valued time more than anything. I wanted enough money to be able to travel, have fun, and party like a rock star but still live like a student. That was my motivation.”Cuban also believes in staying away from luxury car purchases and fancy homes in order to build wealth. He told Blakely about driving “the worst possible car” with a hole in the floorboard, living on mac and cheese and living with five roommates.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,881.62 +2.74 (+0.04%)Dow 3048,904.78 -73.14 (-0.15%)Nasdaq22,748.86 +80.65 (+0.36%)Russell 20002,655.94 +23.58 (+0.90%)VIX21.44 +1.58 (+7.96%)Gold5,335.90 +88.00 (+1.68%)Trending tickersBBAI BigBear.ai Holdings, Inc. 4.1000 +0.1400 (+3.54%)ASTS AST SpaceMobile, Inc. 86.92 +7.73 (+9.76%)BTC-USD Bitcoin USD 69,409.75 +3,510.78 (+5.33%)MDB MongoDB, Inc. 325.01 -3.46 (-1.05%)CRDO Credo Technology Group Holding Ltd 114.22 +1.95 (+1.74%)PortfolioSign in to access your portfolioSign inTop gainersEMAT Evolution Metals & Technologies Corp. 10.16 +2.19 (+27.48%)OCUL Ocular Therapeutix, Inc. 10.98 +2.04 (+22.82%)AXTI AXT, Inc. 46.32 +8.42 (+22.22%)AAOI Applied Optoelectronics, Inc. 102.51 +18.28 (+21.70%)LASR nLIGHT, Inc. 67.69 +11.50 (+20.47%)Top losersTPB Turning Point Brands, Inc. 108.51 -28.48 (-20.79%)AES The AES Corporation 14.21 -3.07 (-17.77%)AVAV AeroVironment, Inc. 208.32 -43.93 (-17.42%)ELF e.l.f. 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