I don’t get it? Like say you wanna buy candy bar, if you can’t afford to buy 2, don’t buy it? Or if you want to buy a couch, if you can’t afford 2 don’t buy it? Is that what you’re saying
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. The stock market has plenty of opportunities to earn which I myself took advantage of. I made my first million from going diverse, mainly ETFs(stocks, bonds etc), crypto, and gold. I'm also working on an investment plan that includes NFTs with my advisor,Kelvin Maorgan. It's been a year and half of steady growth.
@@danaandrioaie1495 You have a point, lately I found out that we have lots of opportunities to become financially free but most times we let this opportunities pass
@@danaandrioaie1495 Just like bitcoin, got to know about bitcoin from a friend 6 years ago but didn't see any reason to invest it it then, that's one decision I regret everyday
@@danaandrioaie1495 exactly, bitcoin has lots of potential but people prefer keeping there money in banks than investing. From my research nobody became super rich through savings put that money to work
@@fleurdepapaye9635 In America that means they have zero monetary discipline or financial acumen. They think nothing of dropping $5 for a coffee, $10 for something else they don't need every day, that's several grand per yr which is a fortune over a life time. Also they pay double or triple for everything with credit.
Im afraid of falling for something I don't 100% understand, which will help me lose my hard earned money. I won't put even $100 into any stock because if I lose that, a full day of my life had been wasted, not to mention the time it took to find the stock.
@@vluri258 Hmm, true. But if you win, you win. The market is for risk takers, but we decide which risks we're willing to take; be it with $5, $50, or $500.
The philosophy of the rich and the poor is this, the rich invest their money and spend what is left. The poor spend their money and invest what is left.
@@johnny8643 Most people will sit back and play with everything of life and surely they’ll be kicking themselves in few weeks if they miss the opportunity to buy and invest in Crypto as it's retracting....BE WISE✅🚀🚀
I wish this channel and this video specifically had been around for me to watch like 13-14 years ago. It would’ve saved me so many headaches and stupid decisions.
If I can buy $30 000 car twice, it doesn't mean I can afford it, if all I have is $60000 cash. In my books I can afford $30 000 car, only if I get $60000 of passive income. Always measure your "wants" as percentage of your passive income.
1. Taking poor money advice from poor people 2. Gambling & Lottery (luck isn't a strategy) 3. Spending money on things that you want but don't need 4. Not knowing how much money you spent last week month and year 5. Spending money you don't have on things you can't afford anyway 6. Trying to keep up appearances 7. Having only 1 source of income 8. Wasting money & time usually on entertainment 9. Going yolo: thinking short term rather than long term 10. Not learning how to invest & being afraid to change 11. Spending first and then hoping there's something left to save or invest when you're done 12. Paying too much in taxes 13. Unhealthy lifestyles 14. Wanting money to be easy and fast 15. Staying poor is a choice 16. Limited vs Unlimited Output
Casey I need to get in touch with you dude. You have a similar mindset and I can see you’re well driven respect! On your most recent video as of now I’ll drop some contact information. Reach out when you can and be well
I think being poor or rich isn't about money but the decisions and mindset. I'm a poor person based on my money sure , but if I save and invest and try to earn more then atleast my mindset is slightly less poor. Poor people sadly are perfect opportunities for business. I know that true business atleast in highest profit is never ethical , legal sure but not ethics. They will do whatever to get sold. I don't even trust schools in terms of when they justify something to buy as extra classes or whatever.
@@lunalara6678 Until now you have asked for nothing in my name. Ask and you will receive, so that your joy may be complete. John 16:24 When he had finished speaking, he said to Simon, “Put out into deep water, and let down the nets for a catch.” 5 Simon answered, “Master, we’ve worked hard all night and haven’t caught anything. But because you say so, I will let down the nets.” 6 When they had done so, they caught such a large number of fish that their nets began to break. 7 So they signaled their partners in the other boat to come and help them, and they came and filled both boats so full that they began to sink. 8 When Simon Peter saw this, he fell at Jesus’ knees and said, “Go away from me, Lord; I am a sinful man!” 9 For he and all his companions were astonished at the catch of fish they had taken, 10 and so were James and John, the sons of Zebedee, Simon’s partners. Then Jesus said to Simon, “Don’t be afraid; from now on you will fish for people.” Luke 5:4-10 Jesus gives you more than you could ever imagine
@@luisostasuc8135 you must not know many people in churches, many, many give much more than 10% because God blesses above and beyond what your limited mind thinks
You guys changed my life on the way that I started to watching the people around me and through your videos now I am understand what does "fake rich" mean. I wouldn't say I was on a completely wrong way before but now I know how the good way into the wealth looks like. My little side business is just before launch and I am thinking always before I am paying in the supermarket do I really need everything? I started to save money when I was 19 now I am 21 and I think I am on quit a better way to be wealthy. If I won't be a billionaire then I won't be but I won't die poor! Thank you very much you guys you are amazing and I am already curious for the next Video! (my 👍is the biggest one from all)
Alux changed my mindset to a rich mindset when I was massively in debt and working a dead end job. I was allowed to wear headphones on the job and Alux came waltzing into my life. Very thankful, you should all subscribe if you haven’t already.
Good job on the change of mindset man it's good to know that others listen to it at work as well your headphones that's the only reason why I pay the 10 buxks premium for RU-vid I try to listen to it everyday
Dying broke is the most noble thing to do. Rather spend all my money and enjoy my life then leave cash to family members and kids who dont appreciate you anyway
One of my income streams, comes from buying distressed properties, rebuilding them for resale or rental. House flipping, includes some risk, but if properly handled, can pay off well. One very common factor I have noticed with these properties, was every single one had some kind of satellite TV dish on them. So for houses that were generally used by people seasonally, as a summer beach getaway, unoccupied for winter months, they always seemed to have entertainment in common. Most of the properties would eventually be inherited after the owners pass away, by heirs that may have never even seen them. Since the tax bills would many times be ignored, these houses would get seized and auctioned by their towns for back taxes.
Thanks for your feedback , I will also advise you get a good life by starting to invest , especially on stock market and crypto currency,I will refer you to my trade analyst and financial guru to assist you and make good profits ...
You have to start somewhere! And commitment is key! Listening to channels like this kept me focused and helped me pay off my 18k debt in under a year! Found two other side hustles and kept my eye on the prize!
It was hard for me to escape poverty when I wasn’t thinking creatively, when I was just an employee, when I was flabby and drank alcohol/smoked weed. Once I quit alcohol and weed 100%, prioritized fitness, and started my remodeling business, I got wealthy FAST.
It’s funny how quickly people will give you a $3000 or $5000 down payment check, when they see that you’re muscular, well groomed, sober, looking healthy, and talk knowledgeably about the product/service.
MONEY Thank you for today s episode. My grandfather used to say that no-one was born knowing everything. But if time goes on and you re still unknowing, that s the shame of yourself. He was a self made upper middle class person from having absolutely nothing, growing up in-between WW1 and WW2. (sorry, I lost my apostrophe somewhere along the way). I own stocks and shares.
My personal portfolio/investment manager; Mr Naziri after a whole week of research,he runs an investment platform where you don't have to undergo any stress in the trades, he manages my trading account which i opened with a capital of $3000 and now i have grown my portfolio up to over $21,500, a huge success
You know, coming from an extremely wealthy family growing up I found out that money is not everything. Ask a billionaire whose daughter needs a bone marrow transplant that his money can't buy if money is everything! Rich is not measured in how much money you have, it's how much quality time you have left
This is what I was doing all of 2020. I was deployed overseas in Kuwait through the reserves. I was making almost 7000 a month (tax free) and was only spending 1200-$1500 on bills. I was pocketing over 5 grand a month.
@@maryscottoconnor1203 you're right. Rich by definition is $2.3 million. To poor people 100k is rich. I remember my first job in corporate America back in 2012 I thought 45k was rich. That was until I saw those CA taxes. 🤣
About 20 years ago a friend told me that you can be young and poor but being old and poor really sucks. My dad had a sister who was the only one that never got traction on a career. Her state of poverty was upsetting for the whole family. Two of her sisters were social workers who between retirement, social security and investments would have had easy retirements if it wasn’t for the stress of having to help her out. (She did have a son who had his own financial struggles.)
@@alux I agree Alux. You guys are doing humanity a favour and although I believe I am very money educated.... There are a few things that I am constantly learning with your videos. You empower people through practical advice to take control over their affairs, and not simply being a victim of things. Well done!
1) put all effort into your job, no matter what it is and how crappy it is. 2) Make yourself the expert at your job; make yourself too valuable to get rid of.. 3) Volunteer for the shit details 4) Mentor the younger workers to take your place. 5) Don't get comfortable in your job. When you are too comfortable, and getting bored, start looking before you lose value. If you do 1-4 successfully, you won't have to worry about getting a better job because you will get people trying to hire you away from your current job.
Big thanks 😊 I got 30 this year, and I understand that I lived very very wrong until this year.. but I am starting to understand all the tips and tricks of this life 😊🙏
I think tattoos should get an honorable mention. I personally know people who sleep on their friends couches but are always talking about their next tattoo.
People with piercings especially with nose piercings. Not only it’s trashy, it also cost money and physical pain. I lived in a poor neighborhood and then a rich neighborhood….it’s a huge cultural difference because u can find flashy stuff at poor neighborhoods and simple stuff at rich neighborhoods. Piercings and tatts in poor area. Clean taken care of skin in rich areas.
Understanding exponential growth is the key to investment. Once you hit the inflection point on either an investment, or simply paying off debt, you'll start to really understand.
Wish Alux existed in my teens and 20s. I'm using these lessons now so I can live comfortably in my 40s. Thanks Alux for making a difference in our lives
Well, I'm about to start a 7-day dopamine detox. So this is one of the last videos I'll watch on a week. I'm aiming to transform my dopamine generation habits from consumption to creation. This is just a first experiment... wish me luck! By the way: Money!
Money! Something I learnt is value of commitment. If you value your word, your value increases exponentially. These are people we want to work with cause they make things happen. If you don't value your word, world won't value you...
Been watching and subscribed for over a year now, I’m 23 live in America and I’m very inspired by this video. Looking forward to the changes in my life. Thank you Alux !
Spending $7/day on coffee vs making the same coffee at home nets me $6.50/day to invest. Spend smart, be frugal but use that tool to grow your wealth and let your money grow itself
@@sandrosamarasinghe3536 Yep selling multiple coffees for 7 dollar each will make you richer a whole lot faster!!! Original quote: ( Adam Clark 9 hours ago Spending $7/day on coffee vs making the same coffee at home nets me $6.50/day to invest. Spend smart, be frugal but use that tool to grow your wealth and let your moms grow itself) Your quote: (f in ur are coffee costs 7$ i'd say just open a coffeeshop and u r safe)
Money so far I have opened a Stock account and bought just one share of John Deere (DE) per month 12 shares per year with earnings per share $14.50 the total amount comes to $4121.00 that surpassed my monthly income three times from SSDI. I would like to see you do a episode on how people who are wealthy use certain tools like Trusts and Foundations to protect themselves and reduce taxes.
@@olly2027 I only gave one stock as an example. John Deere has been around for the last 100 years so I don’t think there’s much chance of them going under without showing the tail tail warning signs first.
@@killap3nguin I have a lot of experience with stocks and I’m not listening all my pics just one of the better ones, I could have used Abbot Labs and shown very similar results.
Rule # 1: DO NOT HAVE KIDS! This decision will save you hundreds of thousands of dollars right off the bet, not to mention time and headaches.... LOL...
I own stocks. I watched your channel for a year and procastinated alot. But after a year and after watching your video on Warren Buffett, I felt inspired I read more and more about him and this strategies and then I started reading every book on financial markets by legends and now I am into trading and investing stocks for 2 years now
Great job Alux team--you just hit another home run. All my life I thought I was crazy so it's good to know that I am not. It's extremely liberating to know that I was a victim of conditioning by the masses and that I live in a sick society. No more! Time to take back the power and consciously choose what I consume, my environment, what I eat, and the people I hang around. Thank you for all the value your team regularly produces. MONEY!
yeah, tell that to people who work minimum wage for reasons beyond their control. People who literally need 3 roommates to afford an apartment in some cities.
Fantastic material. With one exception. I am a medical doctor very soon to retire and my best achievement has been my three kids. Try to include them into your plans.
Thanks for your feedback , I will also advise you get a good life by starting to invest , especially on stock market and crypto currency,I will refer you to my trade analyst and financial guru to assist you and make good profits ...
I love you guys. No matter how far you’ve made it. Keep challenging yourself to learn more. As always fantastic information. Keep it up. And I feel blessed to be part of the Alux family.
Rich women of color tend to be professions such as artists, actresses or musicians. Even then that is a small select few who manage to obtain wealth in those occupations due to competition.
@@MartianTane calm down. Asking for diversity and inclusion isn’t “bringing a race-gender war.” Defining “rich” as old, white, male and snobby is tired. It’s 2021. They need to update the visual.
Y’all in the minority. And I mean big time. Black women in the US have an average net worth of 5 dollars. This not even a joke. Whereas most rich people in the states are old white guys. Some stereotypes are just real.
This is very educational video and like all your other videos - they are mind blowing. The sky is no longer the limit but self limitations are the limits. We should all think exponentially and move on a multi layer trajectory. Thank you Alux.
Meeting Alux led me to sell off my car, keep my iPhone X, invested more in land ( its now a 12x investment), sold off my company shares to start a new bigger one, paid off my bank debt and now l earn as l sleep! This channel is just the best investment ave made in my brain
Can you imagine how the entire economy would function if everyone only replaced their items once they wear out. I think it would be almost impossible to avoid another great recession seriously. Some of the people buying new phones are selling their old phones so their real price may be lower than it seems. You quote: (Why buy a new iPhone every year when the old one works just the same)
When your young you believe anything including in yourself. For some fear of failure is the problem not belief. But when you fail when your young recovery is a whole lot easier than when you fail when your old!!! Failure is not the problem recovery is!!! Your quote: (When you were young you believed in Santa and magical flying rainier's, but now you don't believe in yourself? Really")
MONEY💵💵💵 . Amazing video . As always , Alux delivering delivering facts in an amazing way. I have been following this channel since 2017 . I am proud to me part of this community . More Power to you 👍👍
A key point to add about #9 would be the "marshmallow test" experiments. It shows a clear correlation between subjects that could delay gratification and higher success factors in life in general.
That test was not very well done. More recent tests show that people who are starving have less willpower than people who've already had something to eat
I was in the market for a wallet. I was so close to buying the $440 Fendi wallet I wanted. When I decided not to, I thought I was being smart by “settling” for the $125 Ralph Lauren wallet. Then I just decided to buy a durable leather wallet for $20. I think I made the right choice as I’m buying my first car soon.
Thanks for your feedback , I will also advise you get a good life by starting to invest , especially on stock market and crypto currency,I will refer you to my trade analyst and financial guru to assist you and make good profits ...
I offer professional account management for investors/clients willing to trade the Forex and binary market, as well an open-network system to enable them get in grips with trading overtime.
Money. Alux, you told us last year about investing and Sadly I’m one of the few that didn’t do so until February 2021. Act today for a better tomorrow. This is what I learned today. Thank you Alux!!!
Alux lady does a Christian channel voice also. How long, ye simple ones, will ye love simplicity? And the scorners delight in their scorning, And fools hate knowledge? Turn you at my reproof: Behold, I will pour out my spirit unto you, I will make known my words unto you. Because I have called, and ye refused; I have stretched out my hand, and no man regarded; But ye have set at nought all my counsel, And would none of my reproof: I also will laugh at your calamity; I will mock when your fear cometh; When your fear cometh as desolation, And your destruction cometh as a whirlwind; When distress and anguish cometh upon you. Then shall they call upon me, but I will not answer; They shall seek me early, but they shall not find me
I offer professional account management for investors/clients willing to trade the Forex and binary market, as well an open-network system to enable them get in grips with trading overtime.
