The money-making advice of a businesswoman is simple and effective: “cents”
Maureen Pound, an Australian from Melbourne, described how she became wealthy by the time she was 40.
The self-made millionaire, who is now 54, manages the TikTok account @howtogetlaidontinder where she offers advice to users on relationships, money, dating, and sex.
She startled her social media fans by choosing to rent out her largest asset, a three-bedroom Melbourne property worth $139,000 (USD), instead of using it. The rent was roughly $980 per month.
She said, “I claimed tax advantages from being a landlord, then I rented something with friends and it was considerably cheaper. I still rent a home, and I also own these other homes.
Though she’s happy of her achievements, the modest billionaire says she’s “surprised” by the online response and doesn’t consider herself “ultra successful.”
She told South West News Service, “I did this all on my own.”
The mother of two entered the corporate sector at the age of 27 after beginning her career as a teacher. She has previously written IT training materials for companies like Tesco and the US Air Force. She is now a wealthy landlord and a director of a business that provides virtual assistants.
According to Pound, her family was not wealthy, and her father had to work three jobs to provide for his nine children.
“I invested when working for someone else, with a fixed income — and then had business and a varying cash flow,” she continued. “You can do both and it works.”
At the age of 28, she bought her first property.
Since then, she has made enough money to buy five properties—four in Australia and one in Vanuatu in the South Pacific—and rent them out to other people. Thanks to this business plan, she became a billionaire by the age of 39.
She now makes roughly $87,000 a year in this manner.
“You must be courageous and take action if you want to become a millionaire. Action solves problems, according to Pound.
She claimed that while she is not more financially savvy than anyone else, she does know how to surround herself with the appropriate people. Everyone has intelligence in different ways, and I have many suggestions for taking action.
“I wouldn’t know if you asked me what the bank interest rates were on my property,”
For her 14,600 followers on TikTok — many of them decades younger — she hopes to be that person. “I just want to encourage people and there are still opportunities out there,” she said.
“I feel very strongly about Gen Y and Gen Z,” she continued. “I feel that every generation blames the generations above them, but I think they can do it, too — younger generations can achieve a lot with their money.”
She urges young entrepreneurs to “be brave and take action.”
“If you take action you find out what works and what doesn’t,” said Pound.
“People want the perfect answer, the perfect answer isn’t out there — you have to find it,” she said.