15 Traps Rich People Fall Into
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- เผยแพร่เมื่อ 12 ส.ค. 2024
- 15 Traps Rich People Fall Into
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In this Alux.com video we will be answering the following questions:
What traps should rich people avoid?
What are some traps for rich people?
How to stay rich?
What not to do when you are rich?
00:00 - Intro
00:28 - Lifestyle jump
01:27 - Funding family projects
02:53 - Blowing through money
03:52 - Spoiling your kids
04:35 - Stop learning
06:11 - Random people targeting you
06:47 - All work lifestyle
07:45 - Thinking you can do better than your partner
09:29 - Trying to do everything
10:33 - Selling your soul to get rich
11:53 - Wealth measuring contests
12:52 - Getting backstabbed by those close to you for personal gain
13:38 - Isolation from “normal” people
14:23 - People will say you’re not doing enough for everyone else
15:17 - Thinking you can buy health
16:28 - Question
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Next. Income ceiling.
Good aluxers
@Alux idk why I became so attached with the Alux but you guys are awesome👍
# N E X T ✌️
QNA session at 5M subs❤
Notice that even the wealthiest people in the world often still work. Having meaning and purpose in life is so important.
That a human can't live happy without work is a depressing idea. I say its not that way, you dont need work to be happy, only if you feel the need for it. It depends from person to person.
*I've always wanted to try something but I'm scared that it will end badly. I feel like an idiot coming over here, but I was inspired by this post and I don't care what anyone says. I need some ideas on how to go about growing my money*
Lol, well it’s not a bad idea coming online to get answers and you did the right thing as well. You shouldn’t be hard on yourself dear.
There are a variety of investments to engage in, but without solid knowledge or skills, I would advise you to work with an investment advisor who can help you understand and also recommend a suitable investment that you can engage in to get good returns without losing your money. Personally, I work with *Hamilton Phoebe Zoe* and my experience with her so far has been the best.
@@dianaroberti872 I keeping reading good things about Hamilton Phoebe Zoe, Can you share more information on how to reach out to her?
@@kristenjosephinebalsamo7630 Easy peasy, As to get more details about my coach; *(Hamilton Phoebe Zoe)* quickly do a web check where you can connect with her, do your research with her full names mentioned.
I’m surprised to see Hamilton Phoebe Zoe's name here as she works privately. In a CNBC post I read a testimonial on Hamilton Phoebe Zoe. I ran a research with her name and being impressed with her page , I reached out to her. In my experience , Hamilton Phoebe Zoe is amongst the few honest investment advisors who care about her clients rather than their money. I picked up many skills which helps me win from my investments from her.
“We think that if we’re successful in public, we will be happy in private. But it’s actually the other way around. When you’re happy in private, you will be successful in public.” - Jay Shetty ✨
Well said!
We all want to fit in the narrative of society, we all want big houses and cars and sometimes power. But sometimes when you look at things very closely, we don't need much to stay alive. I wish it was so much easier for most people to grasp
I fell for some of these traps, as soon as i started making a lot of money, i upgraded my life style and started spending money carelessly, but i recently switched my mindset and have been just saving it, i still dont know where to invest but im no longer wasting money on material things
The most important and honest episode for those who want to become wealthy, living in a poor mentality family. Already listen it for 5 times, to memorise how life will be and what to expect from family and friends.
Thank you. Lotta stuff on here I was wondering about and some I didn’t think of. You guys always have useful info
I appreciate your approach to teaching. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, heard some guy speaking of making over $1.3m from a $300k capital since the pandemic and I'm driven to ask what skillet and strategy can generate such profit
Thank you for never selling out on us, thank you for all the knowledge you guys day in day out. Thank you it’s being an amazing journey
What was the product they turn down?
@@EddyIdiaquez nft project
I see all the traps, one step at a time, one day at a time, one way at a time. Handle as it comes. In every difficulty lies opportunities
Isolation from normal people is actually good. According to me by isolating myself from normal people is almost effective for me to improve my courage it's not a trap however. C'est grave.
I always try to explain to ordinary people why rich people need mansions. I believe you need your own safe space to get away from the ordinnary
That last tip is like saying to the average person “ what are you going to do when you retire “ ?????
This is my year, I'm not kidding
I'm going to make so much as I've never seen b4.
To the people around me they don't see any change, because obviously I'm not a kid, I don't feel the urge for bragging or showing off.
Inside me I don't feel anything, I spent so much time pursuing it and fantasizing about having It that now that I do start to have it, in reality nothing really changes.
Same feeling
One of the best books I've read about receiving a large amount of money is Sudden Money by Susan Bradley. Issues to think about and planning. I have a copy in my library.
Try to keep wealth a secret as much as possible, even from family.
This is truly a great video, Alux. Thank you so much! I downloaded the app a few days ago. Haven't checked it out yet, because...you know...LIFE! But I truly appreciate everything you do for us. Many of your advice I've performed them and have seen exponential growth from where I was before to where I am now. Mere words can't be enough to express my gratitud. Please keep doing what you are doing because just as I, there are plenty of others that desperately need a hand in order to get their lives in order. Godspeed
Thinking the method that got you to money will keep you making money. Life changes and the owner of blockbuster made a decision not to buy netflix that cost him everything. Keep your ear to the ground. Make sure you adapt to the new world
The answer to the question "what now " is to find out how you may use your financial resources to serve others less fortunate than you. This concept exists at the core of what it means to be in a state of eternal gratitude 🙏.
The best channel on TH-cam. Everything is gold. Thank you
15:19 Adding to this one, there’s also ever the chance life itself sends a random fu your way that takes you out. This insight coming from marathon running and fellow runners at peak health+performance randomly dropping dead or getting run over and near dead. So if you’re still here, so much as stable (let alone thriving) it’s worth consideration.
Next
*Thank god that I’m learning this… who else is working their tails off; reading and studying finances and business , taking first hand action to become a millionaire and onto a billionaire?😎💪🚀?*
#2 Your knowledge is what is most valuable to give. Money is easy to find from others if it's worth it.
Currently working on the magical "N" chapter of my life. I haven't gotten there yet, poking through the ideas, figuring out my "why", which is why I can't write that magical word yet. Keep up the Good Work, Alux!
Greetings from South America. Number 10! Totally agree: No room for errors. Biggest Thank You for helping people in need wherever they may be. I think that, perhaps, if everybody cared for their extended families no one would ever be in distress... Which includes russians and their relatives everywhere.
I think a trap for some rich people is thinking that everyone wants to be rich and their the only ones to achieve it and that's why poor people hate on them. I believe the reason poor people vilify the rich is because they believe some not all of it is corrupt (banking crisis, for example) and little tricks to minimise tax when low income households have no such privilege. Look for me if someone has a great idea and execute it perfectly and are humble and kind I don't care how much money you have you deserve it. Bottom line is for me I prefer having just enough to enjoy my life, no more. Thanks for the video I really enjoyed it.
i think a big reason poor people hate on this rich, is because poor people have children and a family to support, so they "need" a steady pay check and can't chase there dreams.
it much easier to build wealth if you aren't trying to support a family.
Many poor people rent places and many landlords are wealthy and mistreat tenants, lie to keep deposits etc. Many work for small businesses where employers are wealthy and mistreat employees, cheat on paying wages, etc. They know the money they were cheated out of can pay for hours of lawyers they wealthy can already afford and they can’t. Even if this isn’t a majority its enough to make the assumptions valid. Alux didn’t sell out for $100k but for every one that didn’t take the shortcuts there are some that did. Those are the ones that make everyone suspicious of how they acquired the wealth.
@@jaylewis9876 It does appear that it is getting harder and harder to break into wealth. Basically you have to do everything right from the start and you can’t afford to make ANY mistakes or it will push you back so far, you’ll never get ahead.
For example, like having children when your young, or not completing your education. While it may be possible to achieve wealth without a formal education, having an education will open doors for you. Having a well-paying job will help to give you the financial momentum to kick start your own business success.
Alux, I want to Truly Thank You for your generosity of Spirit in sharing your Wisdom and Forward Thinking Topics❣️I am in a knew place in my life and needed to hear this incredibly thought provoking subject matter. With a most humble appreciation, I Thank You All At Alux❣️
Watching this video help me find where I am in life. Of all the Alux videos this one points hit a lot on the nose. Thank you Alux for today's video ❤️
As Earl Nightingale used to say, money is just a reward received for serving others with the goods and services they want. To make more money, provide greater service.
Next.
Having an exit plan for leaving your business before you leave your business. This way your not let down by anything and all has been planned ahead of time.
GREAT VIDEO, I Love ALUX!!! However I do have a question, why does all your video’s show these ultra-wealthy individuals in suits, driving luxury cars, riding around on personnel yachts, while sipping champagne? This puts a big target on you.
From everything I’ve ever read, living that luxuriant of a life style is the quickest way to lose all of your wealth. I mean Warren Buffet is one of the wealthiest people in the world and he still lives in the same house he bought in 1959.
I doubt a response will be made.
As long as you stay disciplined to the core methods that got you to wealth, you shouldn’t worry about losing it.
Thanks for fascinating piece 😊
Alux ,
we all come from different backgrounds and as per our environment we think ,take action...
In this condition, how to think belong
Norms and do something extraordinary in our life?
This video is valuable not only for rich people but in general public to be aware. Thanks for this opportunity to educate us. ❤
NEXT... So true Alux... All 15 are so true... This format is easy to view and remember. Please continue this style of presentation.
From my own understanding, you need to invest wisely, if you need the good things of life. so far i've made over $470k in raw profits from just q4 of the market from my diversified portfolio strategy and i believe anyone can do it you have the right strategy. mutual funds takes a while but investing wisely is the key for short term. Most of us pay more attention to the easy position in the market to the cost of proper diversification.
I made a lot of last week, an effective signal vision alone assured me of turnovers, all thanks to Alycen J Lucy , her business strategies are top-notch.
I think she's the best runner I've ever seen
I think I am blessed because if I had not met someone as spectacular as the expert Alycen J Lucy
She helped me regain what I lost trying to change
@@larryhenry5689 Yes, I am also a living testimony of the expert Alycen J Lucy has changed my financial situation for the better, all thanks to my aunt who introduced his to me.
Best influential channel looking forward to the next video 😁 I hope the speaker of this video knows why we all really want to find out your identity your blessed.
NEXT!... I am looking forward to an even better version of myself.
Thanks Alux.. Another great video.
Some people get money and start treating cashiers like shit.
"Keep the cost of your lifestyle low" couldnt of said it more beuatyfully.
Wow.. the question part is definitely a jaw moment for me! Thanks, Alux.
Next ❤️
After building my profession into career, then to business and wealth, now building towards leaving a legacy behind for the next few generations and my family name from the ground up.
All in 20yrs and keep going strong
NEXT. Rich people trap: Trading up to new "friends" in the same field who are mostly network climbers. These new friends bring new adventures and it's exciting for a while. Eventually, though, someone else who's shinier and newer comes along and sweeps those people away with them. By then, you may have alienated the people who stuck with you when your life was low.
Actually the old ones if they are not successful become a trap and will expect you to cover their ass. Rich and poor can never be friends for too long. The human nature and the envy will not allow that to happen. You can either level up and stay poor with them
@@samtavoosian3059 Not always. I'm still friends with several people in my field who have gone on to be far more "successful" than I. I am, however, happier not being in the limelight, so I guess that helps.
That said, a few of those more successful folks have committed suicide. That thought has never crossed my mind. Life is strange.
@@lokijordan On the flip side, I have lost touch with old friends of mine who never managed to solve their own problems (lack of work ethic, lack of moral ethic, complainers) because of a variety of reasons,
but mainly, they made me feel uncomfortable ("must be nice," "money bags over there doesnt have to worry," "I forgot, you're too good for McDonalds") and also because we stopped having things in common (I went to medical school and they dropped out of high school)
That said, a lot of those less successful folks have committed suicide. That thought has never crossed my mind, no matter how hard I had to struggle.
@@slchance8839 True. I've seen some of that and expect more as I had a few financial epiphanies a couple of years back, so I'm on a different trajectory. A bit older now, I've learned to let them go gracefully.
I've come to think of them all as angels. Some are here for the long run, some just passing through. They may bring friction or comfort or upheaval or enlightenment. It's all about understanding how they made your journey richer.
greed, our family nearly went rock bottom because of my dad. each year, my dad invest in houses and land around the world where his businesses operates. Each year he averages about 55-75 properties/land depending on how his business are doing this is to avoid a large sum of tax. 2020 he decided to invest in around 50 properties/land then covid hits. we were struggling to meet the debt that we had we had around 24 properties that wasn't even being paid what so ever. Then he also manage to put the house that we lived in to mortgage, be in mind i was still 17, my older sister was 20, my little sister was still 13 and i also had my mum living in that house. I was doing uni and had to work extra hard 45-55 hours a week to pay off the mortgage on our house.
NEXT
I can think of one more trap that was touched upon, paranoia. I have seen it in my own family, where one family member went to some horrible extremes to secure wealth, making the other family member scared to grow. It has been many years, and the same paranoia has stunted this family member from ever moving past it. Now everyone new is painted with the same vindictive brush even though these new people in our lives have nothing to do with the family drama of the past.
Be Cautious in life, but not so cautious that it gets in the way of growth.
Depends on our definition of what we buy when spending, if we buy gold silver for then the money spent remains economically same, all things matter the liquid cash the properties gold silver technology stocks forex art lifestyle foods, all of these matters we need all of these without sacrificing any thing
And then? Is this from Alux?
For me the “now what” would definitely be public service and politics. I’m extraordinarily passionate about my business and entrepreneurship, but my original passion is actually politics and social justice... so it’d be a pretty easy transition luckily.
There is the trap that once you hit big you stop trying .. Thinking you won't ever lose it.
Just getting the info in before I become rich! I know I will, I could put that on my daughters life!!
Such a gem of a video! Thank you @Alux for making this video.
I don't think when you make it you should just blow money but invest it in many ways to pay for those things first. All kids should learn how to earn money not just be giving everything and be taught how to invest and work when the time comes not just do it all for them. Make sure that everything you do buy has income to cover those big purchases first and can't lose it all that includes care and taxes for everything you own and pay to maintain. Don't just allow someone to maintain your money and yet not know what is going on yourself either. Stay on top of your finances and spending.
One trap people with money fall into is to take relationships for granted. They start to treat people like the replaceable objects around them and this is wrong.
Thanks for talking at the right pace now -- not too fast that listeners could no longer absorb and not too slow that it becomes boring to listen.
Isolation from "normal" people. This is so true. This is so true. Oh man! You have no idea how many "normal" people have faught with me. When they complain, my brain goes in work mode. My brain starts throwing solutions. And they just don't want it. The solutions are ofcourse not easy to implement. Maybe they are not driven enough. Maybe it is too much work with too much uncertainty. Maybe there is something to sacrifice which they are not willing to sacrifice. They just want to rant and waste my time. And they find it irritating when my brain throws solution. No shoe fits them. And I solve my problems. I solve all my problems, or either am solving them. There is nothing unsolvable in my life. I don't see myself as a common man. Just that I don't have money in my pocket. But I am not a common Joe. I solve problems. And now I understand why most common people hate me in my circle. They just want to rant. They don't really need my problem solving skills. And I need to show empathy. Now, I don't want to show any empathy. I just feel like walking away. I am not an empathetic person. But I do realise now. Most people are not looking for a solution. Even my mother. They just want to cry. And just need my empathy. I better keep mum and acknowledge that I heard them. And try to change the topic or just keep mum and try to run away. I can't keep listening to people crying.
#8 is an important one, so many people get caught up in the wrong things.
I am glad you didn't go for that NFT project. I agree about the only promote things you truly believe in.
Overspending, overtrading (in business) i have seen people lose a lot of money in returns for a faulty profitable projection .
ALUX THANK YOU FOR SHARING FINANCIAL KNOWLEDGE SERIOUSLY
E....
LINDEN NJ
With power comes greater responsibility. Is not about having power, but also knowing how to control that power. That will define your way forward
Thank you Alux) once I will be there, I will be learning time ~
I can assure That This is one of The best videos ..... liked ....
Wow love this channel so much knowledge to the fullest you guys are like one of the best I ever find on TH-cam getting knowledge
Next! My go-to for life after achieving my goals are to continue pursuing God and developing my culinary arts passion💞 great video, Alux-thank you for all the awesome content
Nice Vid Alux, Looking forward for every Sunday Motivational Video.
I have already fall into trap 2, though I haven't get rich yet.
*Even with the economic fluctuation, I am very excited to have earned $45,000 on my $10,000 investment every 10 days*
@@johnsontim3752 I've got up to 500K returns since I came across Mrs Angela Cole Carr trading platform. My financial life has completely changed all thanks to Mrs Angela Cole Carr awesome trading strategies..
Oh please, how can someone get to speak with Mrs Angela Cole Carr!!?🇲🇽 🇺🇸
@@adoracionperales9220 Reach her directly
私は非:常に👎👎
満:足してい る👉┼𝟏𝟖𝟏𝟔𝟔𝟒𝟏𝟕𝟗𝟖𝟓ນີ👈私は非常に満足している国人..........👈
Helping is helping indeed, keep it up, so it shouldn't be biased to skin colour, race, etc. next help should go to other countries around the globe
Thank you for this video and of cotes All tour videos.... Gods blessings
7:05 I get told that all the time 🤣
me too🤭🤭 money money🤣🤣
I’m still working on it but I hope it’ll come up “next”
I like that scenario and question at the end. 👌🏽
Whose voice is this, it's good!! ❤️
Irrespective of the economic dip, I still thank you for the level headed financial advice. I started trading and investment with $2,000 and since following you for few weeks now. I've gotten $19,700 in my portfolio. Thanks Tamara Marquis.🇱🇷
My daughter told me about her guidance in the lnvestment system but I was skeptical initially but later got registered and she guided me through the steps.
We stopped applying for the Grant Ioans ever since my husband got her ref, lndeed she's the best that needs to come across anyone who needs financiaI stabiIity.
Please do you mind sharing any means of reaching out to Tamara??.I will like to benefit from her lnvestment services also.
*You can reach her with the below username on the app>TELEGRAMS!.*
*Tamara_Marq*
I love u Alux, u open my eyes in so many ways.
Thanks for your new video! I´m looking forward to what´s coming NEXT. /Marie from Sweden
# 5: Don't dismiss other people intelligence. I understand that, but never take financial advice from broke people. If it's someone who tried but failed, that's someone we should listen to. To not make his mistakes. If someone tells you not to touch fire, because you will get hurt. You don't need to have that experience, of getting hurt by fire.
We want to reach financial independence. It's easier to jump when you know that you won't kill yourself if you fall.
The way my finances are moving I don't think I'll ever be rich. I'm giving up on getting rich it seems impossible right now
Put your trust and focus in God,there is nothing impossible with God.
Don't confess negative about your self,the bible says the power of life and death are in your tongue so what you confess is what will manifest.Have faith in God,he will turn things around for you as you are working on your journey to becoming rich.
@@josephineimaju5577 Thank you for that ♥️
You may have to create an Anti-Image for yourself. I think that will fix that.
THE FACT THAT THEY CONTINUE TO DIVE IN TO A CONTINOUS MONEY MAKING IS JUST THE BIGGEST TRAP. SOME CALL IT REINVESTING. BUT FOR ME,AS LONG AS I GET SOME MONEY, I THINK I HAVE ENOUGH WISDOM TO TEACH MY KIDS SO THEY DONT GO POOR LIKE I WAS. CAUSE AT THE END OF THE DAY MATERIALS BREAK AND EXPIRE. I'D RATHER TEACH MY KIDS WISDOM THAN GET THEM INHERIT THINGS THEY MIGHT NOT EVEN LIKE AT SOME POINT IN THEIR LIFE.
#NEXT
Reduce my time in medical field, move forward in communication and entertainment
I'm there but I have not really decided what comes NEXT.
I swear it's the funniest shhh to listen to her in 0.5 speed 🤣
Which NFT they talking about thoooo???? 👀👀👀. And who were the other TH-camrs you talking about?? Tell the tea☕️.
"Thank you" NEXT!
If I can see it in my mind, then I know that I will make it happen!"
Even I would want to throw stones at you ALUX but NOOO. When helping we have to start from somewhere. So you Alux do your part and the rest of naysayers should be doing there's.. but ofcourse we know better. Action speaks ALUX... ONE ❤️.
Brilliant. Love this. Thank you!
Excellent idea of a topic
I'll do philanthropy NEXT.
You're amazing alux❤🇹🇿
Another comment, I am doing the best in my life because of my wife. I push her. And she pushes me to our good times.
This has all happened to me.. coming from a poor country to work in England 🇬🇧
“Next” for sure!
NEXT! Thank you for the content.
that part of the video about relationship killed me
What about the 'honey trap' eh?
Super blessed not lucky Alux.
"NEXT"
I'd help family ONCE, secure enough steady income for myself, and start an animal welfare foundation. With me in control of the spending.
#NEXT... and Don't boycott everything for immediate victory. Payout is not the result is the start of a longer journey whit new discovery harder than before.
Meditation + Focus + Drive = Success
thank you for this video!
Wouuu what a video! Incredible