15 Things People Who are Smart with Money Don't Do
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- เผยแพร่เมื่อ 29 มิ.ย. 2024
- Money makes the world go round yet can’t buy happiness...
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15 Signs That You’re Smart With Money: • 15 Signs That You’re S...
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In this Alux.com video we will be answering the following questions:
What is it called when you are smart with your money?
What is money dysmorphia?
What is the smartest thing to do with your money?
What should you not do with money?
Why you should be smart with your money?
Why is it important to be smart with your money?
How can I be smarter than money?
How do you know if money is smart?
Why do I feel like I need to spend my money?
Why do I not want to spend money?
What is it called when you dont like spending money?
Is $10000 in savings good?
Is 1000 dollars a lot of money?
What should I do with 20k in savings?
What is a waste of money?
Is it OK to spend money on yourself?
How much money should I put into savings monthly?
What do rich people invest in?
What is the best thing to do with extra money?
What's the best thing to do with money?
What should I do with money now?
Where does billionaires keep their money?
Is gas a need or a want?
Why do people borrow money?
What are three reasons to save?
How can I be smart in life?
How can I make money smarter in my 30s?
How can I be smart in school?
00:00 - Intro
00:35 - Pay full price
01:11 - Upgrading - just because
01:38 - Keep up with the Joneses
02:21 - Buy friendship
02:49 - Leverage affection
03:35 - Do it purely for luxury
04:10 - Choose cheaper alternatives
04:38 - Waste energy
05:09 - Buy into Hype
05:33 - Add-ons
05:57 - Buying vs Renting
06:25 - Mistakes
06:56 - Believe in state-sponsored retirement
07:36 - Diamonds
08:00 - Buy the first house they like
08:39 - Question
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Hello Aluxers! Have you ever thrown money at a problem hoping it would just go away?
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15 Signs That You’re Smart With Money: th-cam.com/video/l63uJzTiso4/w-d-xo.html
Yes
Awesome videos! ✨ 🤩 Thanks for sharing!! ✨ So much value everytime... Also EVERYTIME I get till the end for the BONUS! ✨
Money can’t solve everything even if you have more than enough it’s deeper than that...
Quote of the today;
“Money makes you rich, Time makes you wealthy”
Dang Alux, you're still misquoting the Scriptures. It's not the money that's evil, the LOVE of the money is the evil. Gosh! I'm tired of correcting you.
@@willmallory9085 an inanimate object such as money is neither good nor evil it just is. The love of an inanimate object is neither good nor evil. Only one’s actions with inanimate object are good and evil.
Time Code
1) 0:37 Pay Full Price
2) 1:10 Upgrading - Just Because
3) 1:39 Keep Up With The Joneses
4) 2:20 Buy Friendship
5) 2:49 Leverage Affection
6) 3:34 Do It Purely For Luxury
7) 4:10 Choose Cheaper Alternatives
8) 4:39 Waste Energy
9) 5:10 Buy Into Hype
10) 5:34 Add-Ons
11) 5:57 Buying VS Renting
12) 6:25 Mistakes
13) 6:55 Believe In State-Sponsored Retirement
14) 7:35 Diamonds
15) 8:03 Buy The First House They Like
BONUS 16) 9:07
Alux was the start of me getting my finances together back in 2019. Since then I’ve acquired my home (which is a liability until I decide to either sale or rent out. Lesson learned through Alux videos) and on Monday I close on my first investment property. Thank you Alux so much for helping me get to to this point. This is just the start and there’s going to be so many accomplishment ahead. I wish the same to everyone who watches the video.
Congrats man I’m happy for you
What happy people do in this video ...They live in the present , they help others and so on ...
th-cam.com/video/05fEZpDorEA/w-d-xo.html
What do you do for work and how much do you earn?
yea I dunno smelles like BS to me lol
👏🏽 👏🏽 I’m super proud of you!
Alux: Rich people should never buy anything on sale.
Also Alux: People who want to be rich should never pay full price.
Exactly it's such a contradiction
If you really need it buy it at a discount,
but never buy anything you see just because its on discount
@@mwamengele A subtle distinction.
I love the idea of if you can't find a deal, negotiate one! You create your own success.
I'm an extremely big fan of this channel, but this maybe the first time I've disagreed with over 50% of what was said. I guess we can't always agree with those you love. I think you miscalculated the cost/benefit analysis of paying for luxury, wealthy ppl getting private jets isn't just good business. It is also appropriate spending based on their income. Obviously everyone can fly coach, drive a Toyota, or live in the same house forever like Buffet. So the argument can't be made that it's just timesaving that makes wealthy ppl purchase their own private, expensive vehicles. The lesson we take can't be, don't buy expensive things to keep up with the Joneses. Instead we should always force on budgeting well. I'm still going to share this, it'll be an interesting conversation piece.
I bought my first and only house after looking for years. It wasn’t my “dream house” but it was a house. Thanks to my father I offered $25K below asking price and they accepted. They had a hard time selling it because of all the work they had done themselves that wasn’t up to code.
It was essentially a tear down. The first thing I did was to paint the rooms myself. If they had just done that they would have been able to sell it sooner.
Anyway, years later I sold it for a huge profit because a developer bought it with the house next door.
That money kept me going through the years that I was unemployed.
Regarding buying cheap goods, IDK. I wear H&M t- shirts for years!
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 ...
When I first started watching Alux I had a negative net worth and was on the struggle bus. Two year later, I’m a home owner, run a successful side hustle and business.
The power of mindset and focus!
Thanks ALUX
@@alexlizogub1 Homeowner with a mortgage that I’m paying off in 7 years
@@Mac-ze4gu 7 years isn't too bad for a house at all, nioce
Fantastic video! I’m a longtime subscriber your videos are interesting, knowledgeable, and frankly, they can be life-changing depending on how you use them. I don't disagree with a lot of what you guys say but in this video, there's one area I see as a major RED ALERT 🚨 it's “add ons” specifically travel insurance let me reinforce this concept a little I travel for work and since I've been traveling again this year I've heard some nightmare stories from colleagues when talking about how this pandemic has affected travel and peoples finances depending on travel restrictions or g-d forbid getting covid it can cost you between $3k to $200k depending on where you are and the severity of your case this year my travel insurance plan I upgraded to platinum and added additional covid coverage it's nearly tripled the price I pay yearly but it doesn't even come close to what an infection with this horrible virus would cost me and it is a risk. I know this is a very specific example but as international business, leisure, family, travel rebounds I can see lots of people buying a bargain travel insurance policy and really getting hit with some nasty exclusions and massive bills that could have been avoided if they did upgrade and addon covid coverage.
I AM 27 and I hv been Financially free now and going be millionaire very soon with my millionaire Mindset Thank you !
Idk how people can watch this with intention to learn and honestly come back for more. The content is incredibly insensitive to low-income people, suggesting that you're bad with money if you can't afford property, or can't afford to outsource projects. The term "gotta have money to make money" is important to take into question when watching manipulative content like this. I'm not saying Alux is wrong per se, it's just incredibly simplified and reductive of people with real issues with money. Most people literally can't afford to even make these "mistakes" which kind of shows how out of touch or projective the vantage point of the narrator is.
The fact that this video uses "purchasing private jets" as a relatable way to be smart with money is insane to me... It is convenient, but it is so far from financially sound, my head is still spinning from following the logic loop. It boggles my mind how a channel like this can have so much viewership... This is blatant dissociative fantasy, and I'm honestly astonished and ashamed by it's message and popularity.
Also, coming from a psychological background, A lot of this advice is actually closely linked to personality disorders and reduction in quality of life... About 3 of these 15 suggestions equate to "try to gyp people out of retail price, and use options as bartering leverage" which is not only manipulative and anti-social behaviour, but at it's best is going to make you purchase lower quality, or overpriced products from sellers that can afford the reduction in margin who are just as toxic and abusive as this "grindset", hustle-culture fantasy pushes everyone to be. People demonstrably lead happier lives from accepting and cherishing from a smaller queue and being happy with what they get, than they do if provided the stress and uncertainty of selecting from a plethora of options.
The best key to balancing financial stability and happiness is to operate within your means, and have appropriate expectations in what you want given said means. Most problems with acquiring money result from the lack of people able to circulate it, and how it inevitably devolves into the rich exchanging hands with the rich, and the poor providing a one way lane of financial transit to the rich, while also providing 40+ years of their lives to the laborforce of those with the means to produce (ie. the rich). If everyone is storing money away cause they either can't afford to have disposable income, or they have too much money and simply can afford to hold on to it, we only end up interacting financially with the worlds elite, and we are creating a vortex of money straight from the poor to the rich... This also isn't news. The global debt is over 3.5 times the amount of GDP currently available on the planet, and is scheduled to only get worse... If you don't understand what that means, it means that banks and investors (The rich) claim the are owed 3.5 times more than what the world is worth... Let that sink in...
This channel is just a cheap stimulation of endorphins to make you feel like you're in the same level of conversation as people who have the means to invest and abuse it. There is nothing to be gained but false narrative and harmful rhetoric.
Thanks for coming to my TedTalk
Your way of talking with firm confidence like the words of wisdom by the god .
True fan 👍
you dont get rich by having 3 or 4 degrees, you get rich by learning how money works
I do most of these points but i still kinda like diamonds. I need to educate myself on the and where they come from though. I have not thrown money at a problem hoping it would go away but i have put money into things that did not benefit me when i thought it would. Like one time i had spent most of my monthly pay on a "consultant" to help me learn about business but she overpromised and underdelivered. Not that she was a bad person in my opinion but she was not someone who i should be investing in and was not much help at the time. Most of my problems are money problems that would be solved with getting other incomes outside of a job would solve. Other problems i have is a social thing i would like to focus on after getting rid of the money problems.
My Dad use to buy the Consumer's Report magazine so he could buy the best product he could afford...Consumer's Report would compare a bunch of different brands, like cars, and recommend the best. Dad bought a second hand Toyota van that lasted him almost 2 decades because Consumer's Report told him it was the best based on their standards.
My dad did the same and he drove a Toyota also.
@@bobfeller604 Dad's of a feather stick together!
Another banger brought to us by lovely people at ALUX. Thank you.
I needed a good recording of over 400 words for my app (problem). I knew if I did it by myself I'd be pulling my hair editing every individual file and the quality wouldn't be world-class. So I went to a studio and threw some money and effort into it. The problem went away
I like going to flea markets, waiting until the end of the day, see what's still there that I want, and offering about half of what's asked using an oddly specific number, such as $83. 4 out of 5 times I get it for that price (maybe they think that's all I have on me?).
Sure, this won't make me $1,000,000 but it's still fun to do when it's something I was going to buy anyways.
anyone reading this, i wish you success, fulfillment, wealth, and a life with no regrets
Upgrading for the sake of upgrade. Has always been a no for me.
Great video! An entire video could be made on that last topic too, of How to get a low offer accepted! Easy money!
It was a valuable topic which I needed
This is one of your best videos.. its so relatable
You’re behind us 💯 that I realized after watching your first videos few years ago 👍Best of Best!!
thanks I learned something today that I will keep with me forever
Please resume saying...'where future billionaires come to get inspired...it's so cool and original! I miss it...it's what caught my attention at the start. Sets Alux apart and above...and return the yacht too
People Who are Smart with Money Don't say "money is the root of all evil"
I bought myself a luxury crossover it needed work too be done. I paid for the work too be done. It was expensive but the crossover will last me a long time so paying alot for maintenance is not something I believe is wasted money as this crossover gets me where I need to go.
5:49 for me this is YES because I've never had a laptop that didn't had to go for repairs and actually bought my first MacBook because the store refunded me 100%. I still have this 2015 MacBook and will replace it next year.
This is the perfect refresher course video 👍
Hi been listening to this channel for over a year I try to tell all my friends about it to keep them motivated but thank you for all you guys help
Best channel for people who want to grow.
These values changed my portfolio completely from crypto, stocks , real estate.
Funny my friends keep telling why I don't own a vehicle or TV I tell them I don't need them.
My job is second hustle funny enough.
When someone tries to make repairs to save money or face. If they screw it up and make it worse the repair bill becomes bigger. When I upgraded because my old phone died. Not only did I buy a better phone but I cut down my bill by almost $9.00 a month. Buying vs renting pros and cons. When you buy a property and pay off the mortgage eventually you own the house. When you rent long term. You lose all the money that went for rent. If you leave the rental property you have zero to show for it. Owning the property comes with expenses but when you retire. The house is paid for and if you didn't save for retirement. Social security payments won't cover rent and other expenses. I never tried to keep up with the Joneses. I live at my own pace. Buying friends and affection never works. Having kids is technically throwing money away. It's a full-time job, lots of overtime and no pay. Except the job costs money instead of earning. When junior breaks the neighbors window or does other property damages. Mom and dad foots the bill. Then they put their foot in juniors ass. When I go shopping. I always look for bargains. When someone negotiates for a much lower price on a property. The house is usually in pretty bad shape and may have bugs.
Money may not buy you happiness but it buys you time to figure out what makes you happy! LOL
Great video you should let them know about another book on audible called Wait till i get my money right!
Rich Dad Poor Dad meets the 5 criteria. 1. Addresses a permanent and universal human concern. 2. It's a game changer. 3. It has influenced other great works. 4. Respected by experts. 5. Readable and Rewarding.
Love all of this, but crypto is possibly the worst example that could've been used for talking about hype. It's still an investment, even if the motives are based on hype. Gucci, Supreme, LV; that's where the problem lies.
🤡
#15 is not possible in the current housing market unless you are buying in the middle of Iowa. Cash buyers are squeezing out mortgage buyers...and there are multiple (and FAST) cash offers on anything that comes on the market in many locales. If you see something, and it's not overpriced (a rare thing right now) snap it up...if you wait even a day it will be gone.
'Have you ever thrown money at a problem, hoping it would just go away?' What do I look like? The US government?
Smart people don't buy into hype, They create it.
Made my day.
Don’t buy into hype, buy the hype.
Can you elaborate on #12 please, I wanna own rental properties but I wanna manage it myself but I’m considering a property manage. I’m thinking 5 single families homes.
Thank you Alux for being with me 100%
Any tradesman that works with tools will tell you the value of number 7. Always buy the best tools you can afford, if you go cheap you will just have to buy again. I learned this growing up, the son of a plumber. It's a value I have used all my life. Probably why I was using Macs before Macs were cool.
thank you guys. your videos are always a wake up call on our mistakes.. Ive made a ton of mistakes but thankfully I learned my lessons and i even learn what not to do in the near future
Video was pretty good. Usually when videos have that generic voice like this one the information is garbage but this one was pretty good
I would add car of the year lol… they decrease value after you take it out of the concessionary . Relatives tried to convince me to buy a car,I said no and I still have that money
Same, people keep telling me I need to upgrade my 1998 pickup. Repairs are cheap, so is insurance. I do all the repairs I can skill wise. It's a waste to get a new vehicle
Alux, Tysm For This Information! This Will Surely Help Me A Lot! Also, Don't Forget That You're Making Everyone's Day Better!
Bruh
Makati Skyline at 8:43. Recognized the iconic GT Tower and RCBC Tower. :)
Thank you Alux!!!
Pay full price
Upgrading just because
Keep Up with Joness
Buy friendship
Leverage affection
Do it purely for luxury
Choose cheaper alternative
Waste energy
Buy into high
Add ones
Buying vs renting
Mistakes
Diamonds
Buy the first house they like
7:37
Diamonds is unregulared like cryprocurrency and should be avoided. You finally said it: unregulated = avoid
woww this is absolutely a wonderful video.... enjoyed watching it. thanks for share.
Great video Alux! Maybe it’s just the people I’ve spoken to but have you noticed that some women factor in a spouse when talking about future financial plans but men don’t seem to? Cheers to becoming independently wealthy woman! 🥂
i'm not surprised. Mostly, men are expected to finance the relationship. Even if the woman works, the man's money is shared, but usually not hers. In addition, men are expected to take care of their money issues whether they are single or not.
The first thing women ask about your boyfriend is "what does he do?"
The first thing guys want to know about your girl is "Is she pretty?" (see Doc Brown's first question about Marty's girlfriend in Back to the Future)
Money makes the world go round.
Nothing but the cold, hard truth!
I love seeing Samantha Jones in the thumbnail!
I like my older cell phone. My husband's phone died so he wanted one like mine. He doesn't understand it. I'm slowly teaching him how to use it. It's a 2018 model. His had been a 2016 model. I'm getting ready to change to switch our electric. Our electric bill is super low. We are at the bottom 20% of electric users. I'm getting ready to open an online store. We're almost done paying off our home. Throwing money at problems doesn't work.
Money is not the root of all evil but the love of it is.
Hermes and all luxury brands don't do any sales just to keep the status of the brand
Alux you are the best mentor 👌👌👌👌👌
Definitely re-reading Rich Dad but still on the fence on genuine diamonds, the hope diamond!!
Well, you're on the right track there with the Hope Diamond, it's widely known and has a definitive value. It's a good investment--if you can afford it. But as for other "stones", lots of fakes out there, you'd have to have a lot of training, or pay someone who does, to make sure the diamonds you want to buy are worthy of investment.
The Love of It (MONEY) Is The Root of All Evil!! (not money itself!!) People always get that confused!!!
Yep, lots of people who LOVE money don't have two dimes to rub together. Plus, real money is made by, wait for it...SERVING OTHERS!!!!! The more people you can serve with something they either want or need and monetize it, the more money you can make. And then the more you can give back through creating jobs and giving to worthwhile charities--or even start your own.
All the way from South Africa, just here to confirm if all the previous alux videos so far has made me smart with 💰
Alux is great advice giver 😊
what do you think about investing in forex robots?
Thanks Alux!
No, I have not. Great commentary today
I love these lessons ❤️ Those who don't matter mind and those who matter don't mind.
That 15.....yup learning it the very very hard way ....Next time never going for the first place I like 🥲😪 Entering the 3rd month and renovations are at the slowest pace every...and yes I threw money at it.....it didn't go any faster...it halted 😡😡😡😡😡😡
I feel the Audio speed is faster than normal.
Great video, thanks Alux
When I buy something it's either I use it or i sell it ,
Buying a house isn't about saving money it's about not having to deal with a f****** landlord
"Buy the first house they like" not recently because DFW housing market is red hot right now and sellers are getting multiple offers in one day and most of them sold their homes more than their asking price.
Sure does
❤️ thanks mam
#7 there is a saying in Spanish...lo barrato sale caro. It translates to...cheap crap will cost you more in the long run.
W.R.I.T.E T.O. M.Y A.S.S.I.S.T.A.N.T W.I.L.L.I.A.M.S. T.O. H.E.L.P. Y.O.U M.A.K.E H.U.G.E P.R.O.F.I.T.S...........
+𝟙𝟜𝟘𝟜𝟝𝟞𝟞𝟝𝟞𝟞𝟠....
Yes. A few times🙈🙈🙈🙈 Big mistake every time! I just learnt to say No to add ons, upgrades etc
W.R.I.T.E T.O. M.Y A.S.S.I.S.T.A.N.T W.I.L.L.I.A.M.S. T.O. H.E.L.P. Y.O.U M.A.K.E H.U.G.E P.R.O.F.I.T.S...........
Just checked, it's not on 1.5x but it certainly sounds like it would.
i wonder if you could make a blueprint video for teenage entrepreneurs?
W.R.I.T.E T.O. M.Y A.S.S.I.S.T.A.N.T W.I.L.L.I.A.M.S. T.O. H.E.L.P. Y.O.U M.A.K.E H.U.G.E P.R.O.F.I.T.S...........
house ownership allows you to design the place the way you want it
Another Awesome video Thanks Much Love ❤❤❤
W.R.I.T.E T.O. M.Y A.S.S.I.S.T.A.N.T W.I.L.L.I.A.M.S. T.O. H.E.L.P. Y.O.U M.A.K.E H.U.G.E P.R.O.F.I.T.S...............
+𝟙𝟜𝟘𝟜𝟝𝟞𝟞𝟝𝟞𝟞𝟠.......
Cousin Angle Smart passed away 2 days ago Liberty Libertines !!
I have about 5% of my portfolio in uranium stock any advice on any other stock that I can grow my $300k capital to a million dollars?
You should buy and hold tech stock crypto investment
You should know it's easy and hard to make that much profit. I say EASY because it's very possible to make that much, and Hard because you'll need professional assistance to do it, I'd suggest you get assisted by a market advisor.
@@maxmaher3148 That is totally true, but how well does a financial advisor improve you r profit? What is the experience like using an advisor?
@Winston Cohen This is impressive how could someone go about getting investment guidance from a coach like that, would you mind sharing your coach info?
I would really like to have an insight to this skill of yours because my portfolio shows little to no progress
Schultz didn't open Starbucks though, he changed the model and elevated the brand
Another money trap: whole life and universal life insurance!
Your videos are so awesome...
Please make a video focused on Indian students ,
16. They don't simp it away.
Thank you for sharing.
I've been watching your channel for the past three years.
Today I finally started mine to serve young adults.
Thank for sharing
W.R.I.T.E T.O. M.Y A.S.S.I.S.T.A.N.T W.I.L.L.I.A.M.S. T.O. H.E.L.P. Y.O.U M.A.K.E H.U.G.E P.R.O.F.I.T.S...........
Alux is against Tricking. Very good lol
I remember one time when me and my dad was about to go travel to Florida. The people at the American Embassy in Denmark told him he needed to fill out all kind of stuff and so on. He then said he would give 1000 bucks to anyone who would help him deal with it faster and it work. I also remember he got skip the line card in Disney. Now not having to wait for hours on end to just get on one ride was worth it.
those cards are for disabled people wtf
If his time is valuable, it's a good deal. I think they even did something about time here, like if you are waiting for an hour, and in that hour you otherwise could have made 1000 bucks, it's a good deal to pay someone like 100 or 200 to do it for you so that you can free up your time to make the higher money amount. This is why so many people who fly a lot for their businesses eventually look into flying privately in some way--it saves HOURS of time at the airports.
I had to upgrade my phone because the battery life became horrible. But instead of buying the newest model, I got a slightly older model but newer than the one I had.
Great video ma'am keep it up
Awesome
I stay out of the realms of expensive jewelry and luxury watches. It's for hustlers. I also have the basic thought that money is never to be wasted.
I'm not the one that throws money to a problem but my government in South Africa does that every time when there is a crisis my government throws money hoping that will solve the problem but that gives corrupt politicians a chance to steal the money.
16. Child support, and it eventually did go away when my youngest graduated high school.
*Question* "Have you ever thrown money at a problem hoping it would just go away?
My mother mechanic recommended a truck for me to buy. It turen out to be a massive lemon and once I got to the cost I paid for the truck and then the engine blew up. His response was keep dumping currency into it. I sold it and moved on.
Love the channel! Can I get a response?
How does this insane channel have over 3 million subscribers?
The bots have taken over... Very few "humans" here...