Perth TikToker Charlie Ehlers shares personal finance tips and ‘mistakes to avoid’ after saving $200k

A Perth TikToker who has saved more than $200,000 by the age of 26 has revealed the “money rules” he lives by.

Charlie Ehlers regularly posts personal finance tips on everything from interest rates to being “almost” broke, and some of his videos have had over 700,000 views.

In a recent TikTok, the 28-year-old revealed what he’s learned from almost 10 years of investing.

But he warns that some of the rules will ruffle a few feathers.

“Here are some money rules I follow as someone in my 20s who has been investing for almost 10 years,” Ehlers said.

One of his things to avoid was afterpay and other pay later services.

“These are f… atrocities,” he said

“You don’t need them, you shouldn’t need them.”

Ehlers also said to stay away from designer brands because they “target broke people who want to look rich.”

“Your Louis Vuitton, your Gucci. These brands have mastered their psychology,” he said.

“I’m not judging, if that’s what you want to be, that’s fine. I just want you to know that there are brands that are just as good that you don’t pay for the brand name.”

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