Hello Aluxers! Which of these steps do you find most difficult? FROM POVERTY TO WEALTH: th-cam.com/play/PLP35LyTOQVIvm7rWOLNGs2YNb_ozB1Dv7.html Steps to reinvent yourself: th-cam.com/video/pAX7yi7c9KY/w-d-xo.html Things Poor people Don't know about money: th-cam.com/video/_JNLn2Kf_tA/w-d-xo.html 15 Steps to Force Your Way Out of Poverty: th-cam.com/video/C46bWKuqbVU/w-d-xo.html
Taking the "leap into the unknown" by starting a business, and specifically a business that involves (or requires, as in the case of the SEC for stocks) an intermediary to make arbitrage on every bought and sold asset in a market.
Hello Alux family is there a site where I can find more information about how to reinvest and not pay taxes for my business like Amazon thank you in advance
I found my way to financial freedom after so many years but I wish I learnt most of these principles long ago. Society has been trapped in the matrix- - Go to school, get a job, and then slave your whole life. Many miss out on life changing information that could have great effect on their finances.
The ignorance people have is astounding. Nobody has information, you need to constantly acquire knowledge in order to create your own process, manage risk and stick to the plan, through thick or thin while also learning and improving.
This is true:: for instance, people are constantly chasing financial stability on a day job but fail to understand that the banks and most of theses corporations are return-driven businesses designed to keep you stagnant. I don’t keep sums in the bank. Instead, I invest with professional guidance, enjoy the benefits and actively push forward to financial freedom.
After the ‘08 crisis, I’ve learnt not to trust corporations. Since 2022, I’ve been investing with a finance advisor and have had no major losses. I’m barely 25% short of my $2M goal after subsequent investments to date.
I understand that market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular advisor whom you have used his/her services?
First of all, thanks for all the amazing content. I’ve been listening to Alux for years now. So now I wanna share a quick story: two to three years ago I was 30, in a developing country, doing pretty well: had my own new car totally paid, no loans, no debt, a good amount of money invested in the stock market, passive income from real estate, a small business with low fixed costs, working out everyday, no distractions, studying, etc - and all of that just 4 years after a major financial crisis in my country. Then covid happened - government shut down everyone’s business, costs were still there. Decided to move to a different country, spent tons of cash, put my business in the hands of two managers who didn’t do well to say the least, had to use my crypto and stock investments to cover living costs, and now I’m working 12 hours a day on my own business and other peoples businesses to try and come back to my previews life. All of that due to poor planning and believing that crisis and government will never try to destroy you. I’ll be back soon - life is great and God’s grace is big. But don’t fall on this trap: never let go of your investments, always build passive income, understand that the government is not there to help and work hard. Don’t buy stuff you don’t need and don’t do stuff just with passion, but with proper planning. God bless you all.
3 things that helped me and literally changed my life 1. I stopped watching porn 2. I read the book called ‘25 Money Secrets From Donald Trump’ 3. Stop drinking
15 ways to never be poor again:- 1. Decide that you will never be poor again 2.breakdown your situation into what's making you money and what's costing you money 3.close down the money pits 4.focus exclusively on increasing income 5.incorporate-start a business, real estate etc 6. pay yourself first 7. Acquire or build assets that make u money while you're sleeping 8. Use your work money to improve and solidify the income generating asset 9. Save money by investing in easy to liquidate assets that also increase in value i.e save to fund the opportunities that come arise 10. Invest in yourself 11. Your Effort pays your assets and assets pay your pleasure 12. Find opportunities that pay for themselves 13. Reinvest to increase wealth and skip tax 14. Don't flex until you hv achieved it ( keep on increasing the goal ) 15. Repeat these steps until you hv achieved it taks 3 yrs for poor to be middle class and 7 yrs for middle class to wealthy Bonus. Go where you are treated best
You can be rich working for someone else. My father did it by getting a good job with the natural gas company staying their 35yrs. He was tight with his money and invested it in the stock markets. He did live in apartments until he was 40 but by then he had enough to buy his first home cash in full. Couple years later he bought his first brand new car. Even though he had money he never blew it. Nobody knew just how well off he was until he passed a couple years ago with over two million dollars plus his paid for fully custom built home and his car and truck both paid for. He never ever bought anything on credit . Now obviously having your own business may be ideal but don't think it's the only way.
You're rich if you have your loved ones. Also I noticed that say you have a dog - that could be considered a money pit, but at the same time, it is worth it!
It's impossible to have that kinda job nowadays. Wages r just too low. In the past minimum wage was enough for one man to support an entire family. Now u can work for several corporations and not even have adequate healthcare.
Change. "IF SOMEONE TREATS YOU POORLY, YOU DON’T BOW YOUR HEAD AND ACCEPT IT, YOU GET UP AND LEAVE". This is like a wake up call in my current work life. Thank you Alux.
1. Decide you will never be poor 2. Write down your assets and liabilities, and try to get your assets to outweigh your liabilities. 3. Close down the money pits: example: negative debt; you need to BOTH reduce expenses and increase income 4. Focus exclusively on increasing income through volume, specialization: the more you learn, the more you earn, horizontal: upsale. 5. Incorporate: set up LLC, own something that increases in value over time; 6. Pay yourself first, it should go to investments. Have wealth creation on autopilot. 7. Build an asset that helps you make money while you sleep. The easiest way to do it is through real estate. Publish a book. E-commerce store. 8. Use your work income to improve your cash flow generating asset. Do not spread yourself too thin. Don’t over diversify too quick. 9. Build opportunity fund/savings. Opportunities don’t care who you are, they just are. Park it in Robinhood, Revolut, etc. 10. Make investing in yourself a priority.
CHANGE! This was actually very motivating. A few months back I started up a small business. I worked my butt off to get the funds at a job I hate but it pays better than most places for a blue collar worker. Sadly it failed and I have to work my way way back up again and it kills me to know I have to keep at it here BUT the experience was invaluable and I know I can’t give up 😣😤 I’m doing things smarter this time around investing instead of saving and learning more as I go. Moral of the story sometimes you gotta roll with the punches bite the bullet watever but HANG in there! You will get there with determination and hard work!
Growing up was challenging but i was very grateful for what my parents could provide for me. However, at 15 years old i refused to be substandard and low in financial gains so i prayed to God and claimed that i would be fruitfully abundant so i would never have to ask anyone for anything. God granted my request. Now, i can bless those whom are most in need
When you read articles about financial freedom, you may hear people drone on and on about how they are spending practically nothing so they can retire at a younger age, like 30. Conversely, they may have already achieved financial freedom and are bragging about how frugal they were so they could retire well before the typical retirement age.
Planning for retirement, or even financial freedom, is a marathon and not a sprint, as the saying goes. Breaking up your financial independence goals into small chunks can help keep you on track while making the process a bit more manageable and, hopefully, a little less stressful. Even if you are starting small, the important thing is to get started. Investment creates a safe haven for the future, Everyone needs it so you don't go bankrupt when you stop working
Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
I don't do recommendations, I only invest make my profit and mind my business but i would do it for one reason and that's for the betterment of everyone.
CHANGE🌟 Loved this video! My biggest takeaway was the timeline that you offered revealing that it takes 3 years to move from "poor" to "middle class" and then another 7 years to move from "middle class" to "financially free". This little nugget of information helps me to not be so hard on myself and to maintain a bird's-eye view on my progress. Thanks Alux😉🏆
I would love a video on people sharing on their timeline, it's so intriguing to me. I am about to turn 40 and am obsessed with increasing my wealth and love to hear stories of how much people had at so and so age and at what age they felt financially free, how much dividends they got at so and so age, etc.
@@istvanpraha I've decided to start a journal - mapping my status out from one year to the next in 6-month increments. Since I started a new life in a new city one year ago (January, 2020), I'm starting my year-to-year comparison from that point. I've accomplished a lot since then, including renovating my apartment, starting my online business and building savings. These accomplishments are my first entries. My next entries will be in 6 months from now after I have implented the next round of changes intended to serve as the foundational elements of my long-term wealth-building strategy💎👸🏾.
My tips to avoid poverty: Invest in a good education, read more, avoid drugs & those who use them, marry after 30 if you must, pay off debt ASAP, study wealth & investing, learn to live frugal, max out 401 K at work, don't smoke, save $1000 for emergency fund, contribute the max to a IRA Roth every year, listen to positive success audio books while driving & working out, hang out with other positive successful people, make a plan to be wealthy, take good care of your health.
Agree with everything although 1k emergency fund isn’t enough in my opinion especially after the way the world has gone the last 12 months. 6 months to a year of expenses if possible is an awesome cushion
@@andreajueal8243 Then I will personally intro you to Anna Wilson of UCLA Anderson financial institution. Anna has always been the best in that institute, I have been working with her for months now, investing with her is awesome and of no regret.
Born an investor, always an investor I don't know who needs to hear this but stop saving all your money. Invest some of it if you want financial freedom.
I agree with Alux Staff distance yourself from toxic individuals friend, family 👪 members or bad relationship. Is not healthy to been in a bad relationships.
I lost some treasured time with not toxic ones, in order to get away from the toxic, and it can continue to happen if I get too fed up to put up with things. I'm digging my heels in, sorry. It isn't fun but it's necessary. Kind of a personal long game but with human hearts instead of money!
I shall never be poor again i shall never be broke again i shall never be lazy again I shall never be ignorant again I shall never be stupid again I shall never be dumb again I shall never be a fool again I rise I shine I conquer I succeed I fly I win I am powerful I am mighty I am wealthy I am healthy I am great I am rich I am abundant I am prosperous I am victorious I am invincible I am godly I am graceful I am grateful IN THE NAME OF MY ANCESTORS, WHOM I LOVE ASHE. I PRAY WE ALL FIND FINANCIAL FREEDOM IN GOOD POSITVE WAYS MAY WE CONTINUE INCREASING AND RECIEVEING AND EANING OUR GIFTS AND BLESSINGS...MOK'BE KUHLE.
@@LifeOdysseyMotivation I wrote a budget out and tracked all of my money coming in and all my money coming out. I stopped watching tv. I started investing in stocks and cryptocurrency. I opened a business 4 years ago and every time I run into an obstacle I expand.
@@LifeOdysseyMotivation Nunya business. Just kidding. I own a hot sauce business. Two years ago, the kitchen I was renting was heavily damaged by storms and I couldn't use it anymore. So I mortgaged my house and bought a small building to convert into my kitchen. Last year, crop failures, so I partnered up with a grower to help me out. I'm still very small, but this year will be my biggest ever.
Took the Alux quiz "Signs you are poor, middle class & rich. Results: Poor- Failed Middle class- Failed Rich- Failed But to my surprise, guess what? For me, Rich had the highest score 💃👑
I needed to hear number 11. Even though I’ve come a long way in the last year, I have an unfortunate habit of spending too much on takeout. I don’t have enough passive income for that! Thanks for reminding me!
Life doesn’t just revolve around you paying your bills till you eventually die. You’ve got to consider yourself too by securing streams of income that can pay you automatically. A typical example of this is cryptocurrency which is currently a trend.
@@katrinirmgard4144 This has been really helpful. Speaking of cryptocurrency, I have heard people make cool money from the crypto market. But I feel this sort of thing doesn’t work for me.😒
@@benjaminhuth2206You are wrong. A cryptocurrency is a digital currency that can be used to buy goods and services but uses an online ledger account with strong cryptography to secure online transactions. It is not GAMBLING!
i lost my job with Qatar Airways in 2018 went into debt started investing 2019 and paid off all of it via profits off investing before pandemic. Investing is a great choice I made.
I lost my job too and got into investing I am patient and hopeful, watching a lotta investment videos and keeping my head up waiting for all this to be over and the markets back to normal
@Obama Cared your advice is sound and I appreciate that you do not pretend to be an expert and you are just giving your opinion on stuff based on your experience
@Obama Cared oh wow😮… This is incredible. I listen to Ms Lisa's podcasts sometimes and obviously acquired a bit of an investment addiction. i didnt know she offer these services. How can i reach her officially plz?
@@larryagostosanabria1515 just search her names, she is quite popular. her contact information, her licenses, certification et al. are online and active. She has a website, leave a message or call.
Change everything you are And everything you were Your number has been called Fights and battles have begun Revenge will surely come Your hard times are ahead Best, you've got to be the best You've got to change the world And use this chance to be heard Your time is now (Your time is now) Change everything you are And everything you were Your number has been called Fights and battles have begun Revenge will surely come Your hard times are ahead Best, you've got to be the best You've got to change the world And use this chance to be heard Your time is now (Your time is now) Don't let yourself down Don't let yourself go Your last chance has arrived Best, you've got to be the best You've got to be the best You've got to change the world And use this chance to be heard Your time is now (Your time is now) Butterflies and hurricanes by Muse Couldn’t resist
@@valentinecruzv4993 I'm merely stating a fact, a person may, or not make it to millionaire status. If a person is so weak that they need constant reassurance & 100% support, then they most certainly won't make it. You gotta be determined and have fortitude. Toughen up, & get to work.
Their is nothing worse than wishing you could go back change something, But it's too late. Make sure to act on your institution now and never think twice about it.
I've listened to this video and others in this series every day since upload. I keep getting renewed mind each time. Can't be poor ... NOT IN THIS LIFE TIME! Thank you Alux!
CHANGE One of the most valuable videos for me. Today it's the 3rd time I listened to this video, as I felt I was getting deviated from my path during the last 2 weeks. Currently, I'm at step 3 and step 4, and working hard to move onto the ladder.
Thank you Alux for another valuable video. I have change so much in my life. I made the move to another state with more opportunities and I'm learning to invest my money because I want my money to work for me and not the other way around. I still alot to learn but I don't want to overwhelm myself. I want to continue to change my life for the better and never go back to the homelessness and not knowing where my next meal is coming from. Thank you, Alux ❤️
Was poor once. NEVER going back there again, NEVER begged NEVER borrowed. Now happy in the knowledge that my family is financially secure. The BEST thing is they have no idea by just how much.
Change. Saving the opportunity cost is the most challenging. I found the nugget about the 10 year time frame extremely helpful - I'm focused. I did the due diligence on 2 franchises you highlighted and got into HBS, but can't afford either...yet.
Alux, you can only borrow 40% of your income with 20% down and then usually to qualify you have to live in the house or other wise you have to pay extra
Seriously... Living in an unbearably expensive, high cost-of-living metropolitan area while working for a nonprofit because the work culture and benefits are way better for actual human beings is something I'm just not ready to ditch for a corporate salary. (Yet.) Entirely too much of my income HAS to go to rent, food, and only now that I'm working remotely 100% of the time have I noticed any extra money floating around that used to go to miscellaneous work expenses, work clothes, transit, etc. I don't know when I'll be able to meet Warren's model, though, if ever! Nice idea, though!
Having a wealthy subconscious mind means a lot. The more you put thoughts in your subconscious mind, it plays out in society. Saving is vital, it doesn't matter if you have hundreds of dollars, thousands of dollars, Millions of dollars, billions of dollars, or Trillion of dollars. SAVE a portion.
Change! The most difficult is being patient 3 years then 7 years also the no flexing on haters 🙄 I now know I can not spend anything until I'm making 3 to 1
Me, too! I've struggled with this a lot in the personal and professional aspects of my life and often felt as though I didn't have a way out because I had no idea what to do, what I ought to do, what might happen if I left the situation and if that could be one of those situations of going from "the devil you know to the one you don't." Sometimes it is, but every time, I learned at least one valuable lesson (realistically, more like a dozen) that helped me know leverage my way into a world of difference, as far as success, wisdom, gratitude, staying hungry, being a lifelong learner, and loving what I do. Now I'm just learning how to make that much more profitable so I can live more comfortably in such a high cost-of-living area and worry less about the forecast for my financial future (it's tough worrying about family with health issues, taking care of them, and knowing things will get tough well before I can access my retirement funds)
Change. This was a truly moving video today, thank you. Seriously, thank you. My wife and I have been working tirelessly from the ground up, from nothing. We are 2 years in and starting to see some traction now being debt free and our incomes are going up. This is so motivating to see this blue print plan of what to do. It’s truly life changing, thank you.
Thank you alux always I learn something new from you. You motivate me, educate me and help me in my process to learn English. I will continue listening your podcast in spotify and recommending you with my friends
Change. #3, closing down the money pits. Specifically 2 sportcars and 2 motorcyles. They are mile stone rewards, for retirement and beating cancer twice. Bucket list items. Overly attached to them but they cost me thousands in repair and upgrades over the last few years. Lately rethinking the satisfaction of having them vs the costs of keeping them.
I came across this channel after my divorce 🥺. I was devastated but this channel boosted my energy. Today after 1 year , I’m running the best bussiness🙏. My entire mindset has been changed just watching these videos. Thank you @alux
@@mr_organi9546 why are you commenting this number every where? Put it in the video, put it on a hoodie, gary wasnt shy about it, make it clear WHY anyone should call it
trade and invest with David Macon, that is how i sustain and his trading platform seems to be the best i have seen all my life as he has never failed me and always pay my profit in due time.
I believe it was "if your assets can not pay for it, then back to work!" Thanks for the motivation Alux. Great food for thought or better yet work! Ch-Ch-Ch-Change!!
One can never be POOR, if he or she determines never to be poor. Well It’s a new year with bright and beautiful ideals , hope you’ll got a huge list for this 2021 . Coz last year was messed up due to many weren’t wise enough to consider investment . But the question, what will you achieve this year?
Nothing other than the gift of life. And I have consider venturing into something lucrative and profitable , last year was a lesson to everyone especially me . Well seeing 2021 is enough reason to sit down and think about your financial life .
I almost slept at the streets last year when my rent was due 😭 but thanks to a friend who introduced me to Mrs Sophie Clare Williams ,a financial adviser.
Mrs Sophie Clare Williams is holding a very high prestige and reputation in personal financial management. I’m happy you mentioned her. My wife recommended her to me after investing 3 grand and she really helped us in times of this bad pandemic crisis. I’m close to my retirement and this has been and well remain a good survival for me
I am listening to this inspirational video while being broke, waiting for my company to release my pendings, my situation pushes me more to do better, investing is really a life-saver
I started a clean up dog shit business at 11 yrs old. I banked over 3 grand that year n lived in a dirt poor neighborhood. That was 1973. The economy stunk but I was creative. Made fertilizer out of it in a compost pile. 18 months later I also sold fishing worms. You can afford to start a business
Wanna be multimillionaire or billionaire? 1. Open a business and hire people to scale sales whatever you sell. 2. When you earn cash, buy assets to don't lose it for inflation and to don't be taxed 3. Earn a lot of money even if you won't save it because it'll give you a good credit score 4. Leverage your money with bank's loan with lower interest by your assets 5. Use that leverage money to buy more assets that can give you monthly cashflow 6. Earn money tax free because you don't have money and never sell your assets. 7. Don't work for money, use banks money then they'll pay income taxes of their money 8. Cash is trash. Cashflow is king.
Its spam number not real number theyr spamming everyone as usual pretending to be alux they trying all the different scams on innocents. Ignore and or report it.
I already have a multiple seven figure net worth and still love this channel. They drop at least one golden nugget in every video that I still find useful.
my sister got divorced and started suffering saying no one to take care of her but as soon as she started investing with David Macon, thing began to change drastically and now she is doing well and fine. i think that should b he best option for everyone.
Hello Aluxers! Which of these steps do you find most difficult?
FROM POVERTY TO WEALTH: th-cam.com/play/PLP35LyTOQVIvm7rWOLNGs2YNb_ozB1Dv7.html
Steps to reinvent yourself: th-cam.com/video/pAX7yi7c9KY/w-d-xo.html
Things Poor people Don't know about money: th-cam.com/video/_JNLn2Kf_tA/w-d-xo.html
15 Steps to Force Your Way Out of Poverty: th-cam.com/video/C46bWKuqbVU/w-d-xo.html
Please open english subtitle 😅🙏🏼🙏🏼
But for those unemployed.. how to do this 2:45
Very informative video but how?🙏
Change! Yes! Change, please. Not sameness. That makes life boring as shit.
Taking the "leap into the unknown" by starting a business, and specifically a business that involves (or requires, as in the case of the SEC for stocks) an intermediary to make arbitrage on every bought and sold asset in a market.
Hello Alux family is there a site where I can find more information about how to reinvest and not pay taxes for my business like Amazon thank you in advance
I found my way to financial freedom after so many years but I wish I learnt most of these principles long ago. Society has been trapped in the matrix- - Go to school, get a job, and then slave your whole life. Many miss out on life changing information that could have great effect on their finances.
The ignorance people have is astounding. Nobody has information, you need to constantly acquire knowledge in order to create your own process, manage risk and stick to the plan, through thick or thin while also learning and improving.
This is true:: for instance, people are constantly chasing financial stability on a day job but fail to understand that the banks and most of theses corporations are return-driven businesses designed to keep you stagnant. I don’t keep sums in the bank. Instead, I invest with professional guidance, enjoy the benefits and actively push forward to financial freedom.
@@RickyMansardsame here
After the ‘08 crisis, I’ve learnt not to trust corporations. Since 2022, I’ve been investing with a finance advisor and have had no major losses. I’m barely 25% short of my $2M goal after subsequent investments to date.
I understand that market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular advisor whom you have used his/her services?
First of all, thanks for all the amazing content. I’ve been listening to Alux for years now. So now I wanna share a quick story: two to three years ago I was 30, in a developing country, doing pretty well: had my own new car totally paid, no loans, no debt, a good amount of money invested in the stock market, passive income from real estate, a small business with low fixed costs, working out everyday, no distractions, studying, etc - and all of that just 4 years after a major financial crisis in my country. Then covid happened - government shut down everyone’s business, costs were still there. Decided to move to a different country, spent tons of cash, put my business in the hands of two managers who didn’t do well to say the least, had to use my crypto and stock investments to cover living costs, and now I’m working 12 hours a day on my own business and other peoples businesses to try and come back to my previews life. All of that due to poor planning and believing that crisis and government will never try to destroy you. I’ll be back soon - life is great and God’s grace is big. But don’t fall on this trap: never let go of your investments, always build passive income, understand that the government is not there to help and work hard. Don’t buy stuff you don’t need and don’t do stuff just with passion, but with proper planning. God bless you all.
I love this. By the way, what has this taught you as you look towards the futures again in terms of eventually economic crisis
Thank you for letting God have some credit.
3 things that helped me and literally changed my life
1. I stopped watching porn
2. I read the book called ‘25 Money Secrets From Donald Trump’
3. Stop drinking
15 ways to never be poor again:-
1. Decide that you will never be poor again
2.breakdown your situation into what's making you money and what's costing you money
3.close down the money pits
4.focus exclusively on increasing income
5.incorporate-start a business, real estate etc
6. pay yourself first
7. Acquire or build assets that make u money while you're sleeping
8. Use your work money to improve and solidify the income generating asset
9. Save money by investing in easy to liquidate assets that also increase in value i.e save to fund the opportunities that come arise
10. Invest in yourself
11. Your Effort pays your assets and assets pay your pleasure
12. Find opportunities that pay for themselves
13. Reinvest to increase wealth and skip tax
14. Don't flex until you hv achieved it ( keep on increasing the goal )
15. Repeat these steps until you hv achieved it taks 3 yrs for poor to be middle class and 7 yrs for middle class to wealthy
Bonus. Go where you are treated best
Thank you
Thanks
Please type #16 too
😀
I learnt so much from Alux
Thanks
You can be rich working for someone else. My father did it by getting a good job with the natural gas company staying their 35yrs. He was tight with his money and invested it in the stock markets. He did live in apartments until he was 40 but by then he had enough to buy his first home cash in full. Couple years later he bought his first brand new car. Even though he had money he never blew it. Nobody knew just how well off he was until he passed a couple years ago with over two million dollars plus his paid for fully custom built home and his car and truck both paid for. He never ever bought anything on credit . Now obviously having your own business may be ideal but don't think it's the only way.
🍷Point taken.. 👍
You're rich if you have your loved ones. Also I noticed that say you have a dog - that could be considered a money pit, but at the same time, it is worth it!
Getting rich is nothing but serving people and solving their problems..
If he invested in stock markets then by definition he owned parts of businesses.
It's impossible to have that kinda job nowadays. Wages r just too low. In the past minimum wage was enough for one man to support an entire family. Now u can work for several corporations and not even have adequate healthcare.
Change.
"IF SOMEONE TREATS YOU POORLY, YOU DON’T BOW YOUR HEAD AND ACCEPT IT, YOU GET UP AND LEAVE". This is like a wake up call in my current work life. Thank you Alux.
Helps in life as well!
1. Decide you will never be poor
2. Write down your assets and liabilities, and try to get your assets to outweigh your liabilities.
3. Close down the money pits: example: negative debt; you need to BOTH reduce expenses and increase income
4. Focus exclusively on increasing income through volume, specialization: the more you learn, the more you earn, horizontal: upsale.
5. Incorporate: set up LLC, own something that increases in value over time;
6. Pay yourself first, it should go to investments. Have wealth creation on autopilot.
7. Build an asset that helps you make money while you sleep. The easiest way to do it is through real estate. Publish a book. E-commerce store.
8. Use your work income to improve your cash flow generating asset. Do not spread yourself too thin. Don’t over diversify too quick.
9. Build opportunity fund/savings. Opportunities don’t care who you are, they just are. Park it in Robinhood, Revolut, etc.
10. Make investing in yourself a priority.
CHANGE! This was actually very motivating. A few months back I started up a small business. I worked my butt off to get the funds at a job I hate but it pays better than most places for a blue collar worker. Sadly it failed and I have to work my way way back up again and it kills me to know I have to keep at it here BUT the experience was invaluable and I know I can’t give up 😣😤 I’m doing things smarter this time around investing instead of saving and learning more as I go. Moral of the story sometimes you gotta roll with the punches bite the bullet watever but HANG in there! You will get there with determination and hard work!
Best of luck Chungus
Growing up was challenging but i was very grateful for what my parents could provide for me. However, at 15 years old i refused to be substandard and low in financial gains so i prayed to God and claimed that i would be fruitfully abundant so i would never have to ask anyone for anything. God granted my request. Now, i can bless those whom are most in need
When you read articles about financial freedom, you may hear people drone on and on about how they are spending practically nothing so they can retire at a younger age, like 30. Conversely, they may have already achieved financial freedom and are bragging about how frugal they were so they could retire well before the typical retirement age.
Planning for retirement, or even financial freedom, is a marathon and not a sprint, as the saying goes. Breaking up your financial independence goals into small chunks can help keep you on track while making the process a bit more manageable and, hopefully, a little less stressful. Even if you are starting small, the important thing is to get started.
Investment creates a safe haven for the future, Everyone needs it so you don't go bankrupt when you stop working
Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
I don't do recommendations, I only invest make my profit and mind my business but i would do it for one reason and that's for the betterment of everyone.
INSTAGRAM
CHANGE🌟 Loved this video! My biggest takeaway was the timeline that you offered revealing that it takes 3 years to move from "poor" to "middle class" and then another 7 years to move from "middle class" to "financially free". This little nugget of information helps me to not be so hard on myself and to maintain a bird's-eye view on my progress. Thanks Alux😉🏆
I would love a video on people sharing on their timeline, it's so intriguing to me. I am about to turn 40 and am obsessed with increasing my wealth and love to hear stories of how much people had at so and so age and at what age they felt financially free, how much dividends they got at so and so age, etc.
@@istvanpraha I've decided to start a journal - mapping my status out from one year to the next in 6-month increments. Since I started a new life in a new city one year ago (January, 2020), I'm starting my year-to-year comparison from that point. I've accomplished a lot since then, including renovating my apartment, starting my online business and building savings. These accomplishments are my first entries. My next entries will be in 6 months from now after I have implented the next round of changes intended to serve as the foundational elements of my long-term wealth-building strategy💎👸🏾.
My tips to avoid poverty: Invest in a good education, read more, avoid drugs & those who use them, marry after 30 if you must, pay off debt ASAP, study wealth & investing, learn to live frugal, max out 401 K at work, don't smoke, save $1000 for emergency fund, contribute the max to a IRA Roth every year, listen to positive success audio books while driving & working out, hang out with other positive successful people, make a plan to be wealthy, take good care of your health.
Agree with everything although 1k emergency fund isn’t enough in my opinion especially after the way the world has gone the last 12 months. 6 months to a year of expenses if possible is an awesome cushion
Thank you
🙏🙏🙏
Amen !! Read Wallstreet's is one the best finance tool.
Exactly!!! This is the way.
I literally watch this for hours. I need to absorb every bit of knowledge from it.
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Take notes and then study the notes every morning and night for 5 -15 minutes. Thank me later
same
Most people venture into crypto to be a millionaire, meanwhile, I just want to be debt free
That's very practical and smart goal, a wise man once said do everything you can to get outta debt, one of his tips to getting rich
Just do the right thing, by trading with an expert, I trust me you will be a millionaire and debt free
When you invest in crypto you are buying a day you don't need to work.
I'm new to bitcoin trading, how can I go about it or is there anyone you can refer?? 🤔🤔🙏🙏
@@andreajueal8243 Then I will personally intro you to Anna Wilson of UCLA Anderson financial institution. Anna has always been the best in that institute, I have been working with her for months now, investing with her is awesome and of no regret.
Born an investor, always an investor I don't know who needs to hear this but stop saving all your money. Invest some of it if you want financial freedom.
Invest in bitcoin, gold, silver, buy stocks, forex market. Anything! Just invest and save yourself.
@Andrew paulson Sir this is 2021, people who aren't even traders makes money from the stock, Crypto and forex markets
There are platform where you can invest and they trade your money. Then pay you profit either weekly or monthly. That's investing.
That's cool
Yeah I've been trading with Mr Buffett when I was still a student, he really went a long way to to help me pay my tuition
I have only 3 steps:
1. Pay
2. Yourself
3. First
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I agree with Alux Staff distance yourself from toxic individuals friend, family 👪 members or bad relationship. Is not healthy to been in a bad relationships.
Amen to that. My “money pit” was my last GF. No more.
W.H.A.T.S.A.P.P
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I lost some treasured time with not toxic ones, in order to get away from the toxic, and it can continue to happen if I get too fed up to put up with things. I'm digging my heels in, sorry. It isn't fun but it's necessary. Kind of a personal long game but with human hearts instead of money!
Good or Bad are relative notions.
To Anyone Reading To This, You're Bigger Than Your Obstacles, Keep Pushing Toward Success, God Has Believe In You, You Are A Champion !!!
Thank You
Yes thank you so much
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Thank you
I shall never be poor again
i shall never be broke again
i shall never be lazy again
I shall never be ignorant again
I shall never be stupid again
I shall never be dumb again
I shall never be a fool again
I rise
I shine
I conquer
I succeed
I fly
I win
I am powerful
I am mighty
I am wealthy
I am healthy
I am great
I am rich
I am abundant
I am prosperous
I am victorious
I am invincible
I am godly
I am graceful
I am grateful
IN THE NAME OF MY ANCESTORS, WHOM I LOVE ASHE.
I PRAY WE ALL FIND FINANCIAL FREEDOM IN GOOD POSITVE WAYS
MAY WE CONTINUE INCREASING AND RECIEVEING AND EANING OUR GIFTS AND BLESSINGS...MOK'BE KUHLE.
🌹🌹Change for the better in oneself is the best and highest choice a person can make, Amen.🌹🍹🌹🍹🌹🍹🌹🍹🌹🍹🌹
*Who else is grinding on the weekends*
*To make sure they're rich in 2021* ❤️❤️
Are you one of those Nigerian prince
@@andyc9902 ...
@@davebrown4181 😆
What's it about Nigeria prince?
@@ayenibenjamin4219 coz they are scammers
The voice with the background music, great visualization technique if implemented the correct way. Great job Alux!
Somebody's late to the alux game
It took me 30 years to get where I am today, and it's only getting better.
Link up with James Elton💯💯💯
What did you do?
@@LifeOdysseyMotivation I wrote a budget out and tracked all of my money coming in and all my money coming out. I stopped watching tv. I started investing in stocks and cryptocurrency. I opened a business 4 years ago and every time I run into an obstacle I expand.
@@MrKevMan WOW! GREAT! What kind of business did you open 4 years ago?
@@LifeOdysseyMotivation Nunya business. Just kidding. I own a hot sauce business. Two years ago, the kitchen I was renting was heavily damaged by storms and I couldn't use it anymore. So I mortgaged my house and bought a small building to convert into my kitchen. Last year, crop failures, so I partnered up with a grower to help me out. I'm still very small, but this year will be my biggest ever.
Took the Alux quiz "Signs you are poor, middle class & rich.
Results:
Poor- Failed
Middle class- Failed
Rich- Failed
But to my surprise, guess what?
For me, Rich had the highest score 💃👑
5:55 If you bank with #MeridianCU💳 then your assets are safer than most big banks🇨🇦! 🌎💘💰
I will never be poor anymore, CHANGE FRITS
I'll back 5 years later. Promise
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CHANGE. I'm earning 40% more than the last year...bcaz of you ALUX.
Your video are so valuable.
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If you're reading this you have the potential to create great things. Yes. You.
Yes we do and we are going to use that potential to destroy this system
@Alux. Com Scam.
Step 6, Pay Yourself First. This is the starting point in "The Richest Man in Babylon".
I needed to hear number 11. Even though I’ve come a long way in the last year, I have an unfortunate habit of spending too much on takeout. I don’t have enough passive income for that! Thanks for reminding me!
⭐Today whatever I am it's because of ALUX❤️
Love 💞 from India
It is one thing to be inadequate because of lack of opportunities, and another thing to be lacking out of carelessness.
Well, there are so many steps that most rich people out there are undoubtedly loyal to. The most important though is to paying yourself first.
Life doesn’t just revolve around you paying your bills till you eventually die. You’ve got to consider yourself too by securing streams of income that can pay you automatically. A typical example of this is cryptocurrency which is currently a trend.
@@katrinirmgard4144 This has been really helpful. Speaking of cryptocurrency, I have heard people make cool money from the crypto market. But I feel this sort of thing doesn’t work for me.😒
Some people get lost in their wealth, and they end up getting blinded by it. And, of course, they eventually end up regretting their decisions.
@@benjaminhuth2206You are wrong. A cryptocurrency is a digital currency that can be used to buy goods and services but uses an online ledger account with strong cryptography to secure online transactions. It is not GAMBLING!
CHANGE
I really appreciate this particular video. Nobody has ever had the time to put this up in such a simple to follow steps. Thank you Alux
I think the pandemic has taught people the importance of multiple streams of income unfortunately having a job doesn’t mean security
i lost my job with Qatar Airways in 2018 went into debt started investing 2019 and paid off all of it via profits off investing before pandemic. Investing is a great choice I made.
I lost my job too and got into investing I am patient and hopeful, watching a lotta investment videos and keeping my head up waiting for all this to be over and the markets back to normal
@Obama Cared
your advice is sound and I appreciate that you do not pretend to be an expert and you are just giving your opinion on stuff based on your experience
@Obama Cared
oh wow😮… This is incredible. I listen to Ms Lisa's podcasts sometimes and obviously acquired a bit of an investment addiction. i didnt know she offer these services. How can i reach her officially plz?
@@larryagostosanabria1515
just search her names, she is quite popular. her contact information, her licenses, certification et al. are online and active. She has a website, leave a message or call.
Change everything you are
And everything you were
Your number has been called
Fights and battles have begun
Revenge will surely come
Your hard times are ahead
Best, you've got to be the best
You've got to change the world
And use this chance to be heard
Your time is now (Your time is now)
Change everything you are
And everything you were
Your number has been called
Fights and battles have begun
Revenge will surely come
Your hard times are ahead
Best, you've got to be the best
You've got to change the world
And use this chance to be heard
Your time is now (Your time is now)
Don't let yourself down
Don't let yourself go
Your last chance has arrived
Best, you've got to be the best
You've got to be the best
You've got to change the world
And use this chance to be heard
Your time is now (Your time is now)
Butterflies and hurricanes by Muse
Couldn’t resist
I watch your videos sometimes to just remind myself that I'm great and need to let that shine. Thank you Alux
Ready to learn and become a millionaire 🔥
Excellent goal you have the best vehicle "ALUX" to prepare your mind and achieve your dream.
Maybe you won't make it
@@shanep.9442 Just because you won't or can't make it, doesn't mean other can't, you are a naysayer.
@@valentinecruzv4993 I'm merely stating a fact, a person may, or not make it to millionaire status.
If a person is so weak that they need constant reassurance & 100% support, then they most certainly won't make it. You gotta be determined and have fortitude.
Toughen up, & get to work.
Jade, you’re the best! ❤️
Their is nothing worse than wishing you could go back change something, But it's too late. Make sure to act on your institution now and never think twice about it.
Stay Blessed
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I will never be poor again!
20:28 Agree Alux I agreed 👍
I've listened to this video and others in this series every day since upload. I keep getting renewed mind each time.
Can't be poor ... NOT IN THIS LIFE TIME!
Thank you Alux!
The more you learn, the more you earn.
That's right!
1. Don't marry
2.Never have children
3.Don't spend money on overpriced stuff
🤣🤣🤣
CHANGE
One of the most valuable videos for me. Today it's the 3rd time I listened to this video, as I felt I was getting deviated from my path during the last 2 weeks. Currently, I'm at step 3 and step 4, and working hard to move onto the ladder.
This is a video you need to watch every day. Alux had changed my life.
Thank you Alux for another valuable video. I have change so much in my life. I made the move to another state with more opportunities and I'm learning to invest my money because I want my money to work for me and not the other way around. I still alot to learn but I don't want to overwhelm myself. I want to continue to change my life for the better and never go back to the homelessness and not knowing where my next meal is coming from. Thank you, Alux ❤️
The quote: the more you learn, the more you earn, was one of my favorites... I have more income today than I had 5 years ago
I THANK THE PEOPLE BEHIND THIS CHANNEL FOR THEIR LIFE-CHANGING CONTENT 🔥🔥🔥
Was poor once. NEVER going back there again, NEVER begged NEVER borrowed. Now happy in the knowledge that my family is financially secure. The BEST thing is they have no idea by just how much.
Change. Saving the opportunity cost is the most challenging. I found the nugget about the 10 year time frame extremely helpful - I'm focused. I did the due diligence on 2 franchises you highlighted and got into HBS, but can't afford either...yet.
Change, I'm never gonna be poor again
I will be thanking this channel ONE SWEET DAY
Why not today?
Won't we all.
I’m thankful now ☺️
I think the day you'll be billionaire you can thank yhis channel
@@ALIDAFAR. yasss
Alux, you can only borrow 40% of your income with 20% down and then usually to qualify you have to live in the house or other wise you have to pay extra
Seriously... Living in an unbearably expensive, high cost-of-living metropolitan area while working for a nonprofit because the work culture and benefits are way better for actual human beings is something I'm just not ready to ditch for a corporate salary. (Yet.) Entirely too much of my income HAS to go to rent, food, and only now that I'm working remotely 100% of the time have I noticed any extra money floating around that used to go to miscellaneous work expenses, work clothes, transit, etc. I don't know when I'll be able to meet Warren's model, though, if ever! Nice idea, though!
Having a wealthy subconscious mind means a lot. The more you put thoughts in your subconscious mind, it plays out in society. Saving is vital, it doesn't matter if you have hundreds of dollars, thousands of dollars, Millions of dollars, billions of dollars, or Trillion of dollars. SAVE a portion.
10, 11and 14 are the best advice ever because life itself will show you how if you truly pay attention 👍 stay strong and help others along the way 👍🙏
Thanks Alux, and make for us a video on fears that limit people's success, at least many of us will appreciate it!
What a great video. I have been going through a lot lately and I know I really need to make a #change
Thanks for the inspiration Alux.
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★It's Going To Be Hard , But Hard Doesn't Mean Impossible ★Stay Blessed
Your Channel Is Amazing Success Advice
So hard that when you have that indoor movie theater you’ll stop and say fuck was that even worth it
Poverty has many factors.
One can get poor in many ways.
1. Marriage end to divorce that make you broke isn't it !?
This video is too powerful 🧠 especially n•11
Change! The most difficult is being patient 3 years then 7 years also the no flexing on haters 🙄 I now know I can not spend anything until I'm making 3 to 1
What is 3 to 1 i didn't get that ?
@@BhanuTeja2024 if I want to spend $500 on a liability my assets should be making me $1500
@@gabriellacompany good to know. Thank you.
@@BhanuTeja2024 3 to 1 can also be you earned $1 and invested it to grow to $3
@@gabriellacompany Thank you :)
PAY YOURSELF FIRST!! I got that from the book RICH DAD AND POOR DAD. And I’m doing that right now..
People always recommend that book to me, did you find it useful?
@@nehirekler3323 YES! It’s very insightful and inspiring to be honest.
@@FilipinaHustler Thank you! I've been looking for a book to buy and people keep recommend it so i was thinking trying it out.
@@nehirekler3323 let me know if you like it or not 😊
I rea that also. but I forgot many things.
"CHANGE" IS NECESSARY IF YOU WANT TO GROW, keep changing and always growing... 🤝
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It’s hard to stop spending but learning from you guys is making it a lot easier! Thank you
Change. Damn, these last couple videos, hit hard. I need to get my shit together.
Your place were future billionaires are getting inspired...
ALUX
I love this sentence...
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As a man in his 30s worked 2 jobs for 1 year.. invest, save $, cut all extra expenses you dont need.
W.H.A.T.S.A.P.P
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"Go where you're treated best" that made me cry. Thank you for that affirmation. You are doing your job right. And apparently so am I. 🙏🙏🙏
Me, too! I've struggled with this a lot in the personal and professional aspects of my life and often felt as though I didn't have a way out because I had no idea what to do, what I ought to do, what might happen if I left the situation and if that could be one of those situations of going from "the devil you know to the one you don't." Sometimes it is, but every time, I learned at least one valuable lesson (realistically, more like a dozen) that helped me know leverage my way into a world of difference, as far as success, wisdom, gratitude, staying hungry, being a lifelong learner, and loving what I do. Now I'm just learning how to make that much more profitable so I can live more comfortably in such a high cost-of-living area and worry less about the forecast for my financial future (it's tough worrying about family with health issues, taking care of them, and knowing things will get tough well before I can access my retirement funds)
Paying myself first is challenging for me.
CHANGE
Change.
This was a truly moving video today, thank you.
Seriously, thank you.
My wife and I have been working tirelessly from the ground up, from nothing. We are 2 years in and starting to see some traction now being debt free and our incomes are going up.
This is so motivating to see this blue print plan of what to do. It’s truly life changing, thank you.
Keep going 😉👍🏻❤️
@@fixyourfinances6930 Haha, is this a phone number?
@@danieldean2587 Congrats on all you have done so far. This just the begining of all your success!!!
Yes, go where you resonate! ✨
CHANGE
Thank you alux always I learn something new from you. You motivate me, educate me and help me in my process to learn English. I will continue listening your podcast in spotify and recommending you with my friends
Change. #3, closing down the money pits. Specifically 2 sportcars and 2 motorcyles. They are mile stone rewards, for retirement and beating cancer twice. Bucket list items. Overly attached to them but they cost me thousands in repair and upgrades over the last few years. Lately rethinking the satisfaction of having them vs the costs of keeping them.
@@fixyourfinances6930 Will do.
I came across this channel after my divorce 🥺. I was devastated but this channel boosted my energy. Today after 1 year , I’m running the best bussiness🙏. My entire mindset has been changed just watching these videos. Thank you @alux
@ Rahman Adam I wish you much success and abundance
@@kareesem324 💕
@@kareesem324 rahma keep going sis
Hambalyo wll! Halkaa kasii wad.
I absolutely love your “straight no-chaser” approach to the life changing instructions that you bless us with on a daily basis. Thank you. CHANGE
Difficult: waiting to buy a home when prices are skyrocketing!
@@mr_organi9546 why are you commenting this number every where? Put it in the video, put it on a hoodie, gary wasnt shy about it, make it clear WHY anyone should call it
Change
trade and invest with David Macon, that is how i sustain and his trading platform seems to be the best i have seen all my life as he has never failed me and always pay my profit in due time.
+ 1 ( 3 3 1 ) 6 8 4 8 5 6 7
tell Mr. David i referred you to him.
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CHANGE! That bonus one just gave me soooo much reassurance❤️. So grateful for this channel
I believe it was "if your assets can not pay for it, then back to work!"
Thanks for the motivation Alux. Great food for thought or better yet work!
Ch-Ch-Ch-Change!!
Just want to take a moment and appriciate the quality of the content thank you so much for such a insightful and helpful knowledge
One can never be POOR, if he or she determines never to be poor. Well It’s a new year with bright and beautiful ideals , hope you’ll got a huge list for this 2021 . Coz last year was messed up due to many weren’t wise enough to consider investment . But the question, what will you achieve this year?
Nothing other than the gift of life. And I have consider venturing into something lucrative and profitable , last year was a lesson to everyone especially me . Well seeing 2021 is enough reason to sit down and think about your financial life .
I almost slept at the streets last year when my rent was due 😭 but thanks to a friend who introduced me to Mrs Sophie Clare Williams ,a financial adviser.
Mrs Sophie Clare Williams is holding a very high prestige and reputation in personal financial management. I’m happy you mentioned her. My wife recommended her to me after investing 3 grand and she really helped us in times of this bad pandemic crisis. I’m close to my retirement and this has been and well remain a good survival for me
Please tell me more about this , I really have to plan for myself this new year
She trades cryptocurrency and stocks more especially bitcoin for her clients. Making them profits and having commission for that.
This video changed my life for good. I’m so financially free right now.
I am listening to this inspirational video while being broke, waiting for my company to release my pendings, my situation pushes me more to do better, investing is really a life-saver
Change
Thanks alux.com for your help, you guys are really amazing 😊
I think a lot of people already decided to not be poor but the problem lies in not knowing how or where to start. Not everyone can start a business.
I started a clean up dog shit business at 11 yrs old. I banked over 3 grand that year n lived in a dirt poor neighborhood. That was 1973. The economy stunk but I was creative. Made fertilizer out of it in a compost pile. 18 months later I also sold fishing worms. You can afford to start a business
Wanna be multimillionaire or billionaire?
1. Open a business and hire people to scale sales whatever you sell.
2. When you earn cash, buy assets to don't lose it for inflation and to don't be taxed
3. Earn a lot of money even if you won't save it because it'll give you a good credit score
4. Leverage your money with bank's loan with lower interest by your assets
5. Use that leverage money to buy more assets that can give you monthly cashflow
6. Earn money tax free because you don't have money and never sell your assets.
7. Don't work for money, use banks money then they'll pay income taxes of their money
8. Cash is trash. Cashflow is king.
Change! This was an awesome video, very valuable!! Thank you Alux!
The woman narrating I wonder how she looks like,please put in your photos.
Bruh
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Hi: Being right and making the right investment choices.
@@mr_organi9546 is this a phone number?
Its spam number not real number theyr spamming everyone as usual pretending to be alux they trying all the different scams on innocents. Ignore and or report it.
867-5309
Change 💖 Alux has taught me more than my parents ever could 😄
Change is the challenge. I am 85 and watch/ listen while I exercise.
Many reminders here that I have been doing since 1958.
Change and I have to master 7 through 15. It'll take time but I'm confident it will be done.
I already have a multiple seven figure net worth and still love this channel. They drop at least one golden nugget in every video that I still find useful.
You know it's going to be a good video when it's more than 20 minutes long.
Yes please to step 5. I'd like to see the video on setting up a business in the US
my sister got divorced and started suffering saying no one to take care of her but as soon as she started investing with David Macon, thing began to change drastically and now she is doing well and fine. i think that should b he best option for everyone.
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trading and investing with David Macon is the best thing i have ever done and that is why i keep recommending him almost everywhere i can.
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+ 1 ( 3 3 1 ) 6 8 4 8 5 6 7
Spam
Sister what can I do to break the cycle of generational poverty. gidbay@yahoo.com
@@gideonbayelle521 just meswsage David Macon, he will give you all the guidelines you will be neding.
★When Something Is Important Enough, You Do It In Spite of Fear” Elon Musk
Nice Line
*Change* I'm Inspired Alux! Keep Doing What You're Doing!! Great Video