Once You Get Rich You Will Make These 15 Mistakes
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- Опубліковано 20 чер 2024
- 15 Mistakes You Make Once You Get RICH
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In this Alux.com video we will be answering the following questions:
What mistakes do rich people make?
What mistakes can make you broke if you're rich?
What are the most dangerous mistakes if you're rich?
What should you pay attention to when you're rich?
What investment mistakes can ruin you?
________
00:00 - Intro
00:35 - You overestimate yourself
01:31 - Losing track
of your spending
02:46 - Spending money that’s supposed to come in soon
03:26 - Losing your hunger
04:09 - Being invested
in only 1 asset class
06:22 - Not being paranoid enough
07:13 - Jets, multiple cars, multiple homes and other comforts
09:01 - You get used to overpaying for everything
10:21 - Throwing money at every “opportunity” coming your way
11:47 - Not continuing to level up
13:35 - Failing to monitor and adjust course on your investments
14:58 - Not protecting
your reputation
15:21 - Playing catch up with
your even richer friends
16:11 - Making decisions based
on other people’s decisions without thinking for yourself
17:12 - Inability to relate to people struggling with the basics
18:31 - Bonus
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Hello Aluxers, have you seen anyone rich make any of these mistakes?
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Thanks Alux.
@@IamGodSon Bonus
You are the best
I will be with u guys on till I get old alux
@@slaughterking5625 never stopping
Putting well-earned money into the stock market can be over emphasize for first time investors,unlike a bank where interest is sure thing! Well, basically time are uncertain, the market is out of control,and banks are gradually failing. I'm working on a ballpark estimate of $5m for retirement, and I've a good 6 figure loaded up for this, could there be any opportunity a boomer like me?
There are a lot of strategies to make tongue wetting profits especially in a down market but such sophisticated trades can only be carried out by proper market experts.
That’s true , I’ve been getting assisted by Jessica Katherine Ellis for almost a year now , I started out less than $200k and I’m just $19,000 short of half a million in profits.
@@natashanice3513Please how can I reach her?
I think I should try this woman I've heard so much good news about her
Look up her name on Google and reach out through her page.she understands the job perfectly
*JESSICA KATHERINE ELLIS*
00:00 - Intro
00:35 - You overestimate yourself
01:31 - Losing track
of your spending
02:46 - Spending money that’s supposed to come in soon
03:26 - Losing your hunger
04:09 - Being invested
in only 1 asset class
06:22 - Not being paranoid enough
07:13 - Jets, multiple cars, multiple homes and other comforts
09:01 - You get used to overpaying for everything
10:21 - Throwing money at every “opportunity” coming your way
11:47 - Not continuing to level up
13:35 - Failing to monitor and adjust course on your investments
14:58 - Not protecting
your reputation
15:21 - Playing catch up with
your even richer friends
16:11 - Making decisions based
on other people’s decisions without thinking for yourself
17:12 - Inability to relate to people struggling with the basics
18:31 - Bonus
I personally work with ‘Viviana Marisa Coelho’’’ she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
@@dianarabbanii2 I looked up Viviana Marisa Coelho online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-markt
Great insights. Both for business and personal challenges. It’s right up my ally. Thanks
Prevent debt. Save money. Develop beneficial routines, such as consistently setting aside money at regular intervals for investments. Building wealth is a state of mind. Work on that and your financial potentials become exponential.There are several ways to make money on the stock market. With the aid of my financial advisor, I was able to earn my first million dollars by trading stocks; it has been a year of consistent progress.
Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.
total noob here, your FA if you don't mind can you link me ?
@@donaldlocher2537 sure! she goes by Susan Kay Mack, you can search her up to connect with her
did a quick search and found her webpage. I must say her resume is pretty impressive..
Throwing money at every opportunity had to be on the list, I've been a victim once and I'm happy I got in touch with a financial expert that has been helping me out. He's very experienced and his strategies are very unique...
What's the expert name?
His Name is Aaron Marcus.
He's a financial expert and a trader, he trades on behalf of people and helps secure a profit for them...
I need his contact too.
@Tradewithmrmarcus
...
I’m saving and investing around 70 percent of my income in the financial market(high yield etfs, stocks etc) pretty much how I made my first million although with an FA. I have a high paying engineering job, and I live upstate NYC. my expenses are low. I have zero debt, low rent and car truck paid off. So i can just save. feel lucky at this point I'm actually grateful for my advisor handling my portfolio.
Truly Stocks, ETFs and Mutual funds are the best investment decision you can make both short term and long term for steady money flow. Kudos
recently started in stocks and I don't mind investing a substantial sum, i'd like to know your advisor ?
@simon omilan certainly, he goes by James Fletcher Brennan…he's quite known, search him up for his info
I was able to find his webpage and leave a mail after going through his credentials, I'm willing to make consultations to improve my portfolio
Top 5 jobs of becoming a millionaire.. engineer..
Ego is also the underlying cause for several of these as well 😂
Most def.
Thanks, genius, but she mentioned ego at the beginning of the video
@@luisdetomaso867 do you feel better about yourself??? 🤣🤣🤣
Ego which can be root cause analyzed, to be caused by insecurity.
@@josephpeter9096 Are you being analyzed by your insecurities?
Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.
An obvious way to lnvest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and healthcare companies, but off course such decisions cannot be made by an average Joe, a financial advisr is important in making this decisions
@@naomigonzales9663 Such considerations can certainly have a role when I think about whether I ought to buy into a share. But I never purchase purely on that basis, i always have to seek the adv!ce of my financial-planner who has helped me gain $985k in a well-diversified portfoIio that has experienced exponential growth
@@dianarabbanii2 I wholeheartedly concur, i have thought of engaging with an lnvestment coach, but don't really know how get one.
@@KangMinsu122 Viviana Marisa Coelho a registered Investment advisr. Quite renowned, search her name to get in touch
@@dianarabbanii2 Great, I looked up Viviana Marisa Coelho online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-markt
Mistakes have made myself: Losing track
of your spending, Spending money that’s supposed to come in soon, You get used to overpaying for everything, Throwing money at every “opportunity” coming your way, Making decisions based
on other people’s decisions without thinking for yourself and Inability to relate to people struggling with the basics 😅😅😅😅 I learned the hard way....
At least you learned
Once again an excellent, informative video. Great job Alux! Information that is very useful and insightful. The tip to not lose sight of other people realities hit home. It is easy to do and I have been guilty of it as well unfortunately.
Bonus! The sections that resonated most were losing track of spending, leveling (or rather unleveling) comforts and how as you gain wealth your perspective changes. Unfortunately, that mental transition can break you quicker than before you had the money you had. The Bonus section was perfect, but lots of founders have a hard time transitioning from having a job to running a company. I've seen it happen first hand. Great food for thought.
You gotta have a reliable team behind you, invest wisely and live within your means.
Dear Alux, as a car enthusiast, cars aren't always bad investments. Toyota GR Yaris, Porsche GT3, Nissan GTR 32, 33 & 34, Honda NSX, Mazda RX7 FD, 59 Mustang & certain Ferrari models plus many more have all increased considerably..
These are exceptions. Most people don’t own cars as an investment
The BONUS is something I have been thinking about for a while now. It's not just picking people. It is also helping those people to develop and accepting that they might eventually move on.
Years ago I was an independent stock trader who was doing pretty well and I remember when I was getting ready to buy a expensive sports car and my aunt wanted me to pay off my mortgage instead. I did not pay off the mortgage and then the market turned down in 2000 and I lost $100,000! I could have paid off the house and did not get the car either! Now, I am much more conservative trying to pay off all debt while investing 15% of my retirement income.
Please more content on billionaires please Alux
Alux has been pushing us and motivating us to do better and improve forever! Thanks Alux 😮
Bonus - I learned the same thing. Glad it was said to you. I was managing actions, but now my team does it. We had a meeting of the minds and I agreed that it would be better overall. This allows me to be strategic and less tactical. I trust them to get the job done.
Sounds like you used to be a military commission officer, I know and recognize that train of thoughts. More strategic, less tactical.
@@RamonRodriguez-hq7vn My guys are great followers but I don't always catch everything. I had to give them the lead. We are better overall.
How much is the initial investment for Masterworks?
I love that Bunos 🎉
I buy low premium silver and gold, like 5 and 10 oz. silver bars, one oz gold bars and silver rounds. Using these for very loan interest rate loans with the right businesses who offer precious metals colladeral loans is smart. Not only are your metals safe with the right loan business but you can also get your metals back after you pay off your loan.
Awesome content! We have to be conscious of our spending, even if we have millions $$$💰
BONUS. I actually knew this before, learned it from Michael Gerber. But hearing it again is re-affirming. Well done guys, great content today 💯
BONUS!BONUS!BONUS! I am in the process of taking one of my products into a very exciting direction and this was PERFECT timing! BTW I have had numerous multi-millionaire clients in my public relations consulting business. Bankers and physicians are notorious for getting into deals that they have NO clue about. One banker decided to go into the restaurant business. He actually had his alcoholic friend head of Food & Beverage!
I am dsciplined and manage my time very well, the day to day activities are covered. I need to improve my executive descision making skills, for long term goals and investments.
This video is right on time for me
Glad to hear that!
Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
Investing in forex trading now will be the best thing to do especially with the current rise in the market....
people are really making a lot of money from it..
is ANDREW WRIGHT FX on
youtube? please how do i reach him
Wealth is created by proper investment I have been an investor and i can tell, it changed my life for better from what i have witnessed it all comes down from having a good financial expert to handle your investment..
Mr Andrew is not like the other brokers that will start telling you stories why their trade didn't go well after collecting your money.
BONUS as hard as it is to say that my mother died, the past month or so has felt like a great reset in my life. I am trying harder now to refocus my time and energy on building not just a better future for myself and my future wife, but also to build on the wealth necessary to sustain that life ahead. Thank you Alux for providing such insightful content to really reflect on!
👀
Sending love from Zambia . Happy Fathers day
Can I invest as a teenager?🙃
That video was awesome and we enjoyed every moment. Thanks again for making us smarter ❤
Thank you ❤
You’re welcome!
We just sold our business! It was only for $725K but that’s not bad considering we started our life with a waterbed frame, a futon, and a big clunky TV (and not the smart TV kind). We have several other investments too and have a decent net worth but we are absolutely semi-retiring in our early 50’s! Keep going everyone and stay motivated! Even if I had the money, I don’t think I would use a jet, I’ve been humbled too many times and know better!
Love this
Thanks for another useful video! Bonus. /Marie from Sweden
Indeed.
We love seeing you every Sunday Marie!
I was already aware of building an optimised business system, implemented with a topgraded and loyal team, from reading books like rich dads cashflow quadrant and Billion dollar secret. But i still think, it's an accredited BONUS. Some people I've known, are also likely to make mistakes due to religious Fanatism. They sentimentally Think Religion " is the key" to building wealth, and donate most of their income to The Church and it's Clergy. Another example i know of, are guys who are desperate to fall in love or find their " ideal woman", this puts them in a gullible position which leads to exploitation and emotional vandalism. ❤️
First'comment ❤❤
You really got the first comment today Santosh! Congrats!
Thank you Alux for always providing value information in every video I never fail to get educated from every video I watch whenever I watch one of your videos regarding of the video is and I love to watch until the end to get the bonus fact!.
This is why we keep making these videos
Aha I was already expanding my business and have another team to help out expand but this last tip reconfirms my decision as a good decision.
#7 and 8 are what I'm dealing with right now. But being aware of the phenomenon helps.
how much money can i invest in masterwork ?
Bonus!!!!
I've been focusing on it, but I appreciate the confirmation. 😊
Thanks for providing these helpful vedio sharing.and very important this information that our life.i am so proud of you this informative vedio sharing.
Thanks alux for advice
BONUS!
Bonus ❤✨️ thanks for wonderful video
We want video on 15 things about Andrew tate
🎉🎉🎉
5th comment! Crazy fast!
Ahha
BONUS
I LIKE VIDEO!
Listening to Alux continues to provide great content! Thank…
BONUS - I loved all these insights!
bonus
narrator says only one mistake you can make is not watching 15 videos in alux channel daily so if not you then alux can get rich
🎉 fully agree with you,we have same chemistry ❤❤❤
Glad to hear that
🎉
2nd comment today! Wow!
Great content as always every word is truth!!!!!
Losing touch with reality.
Bonus
Hi Alux could you xplain what volitial means in an investment thanks
Sending love from Trinidad and Tobago... Thanks for all your knowledge
Much love to trinibago!
This is an absolutely beautiful video
Bonus 🎉🎉🎉 build businesses not products!!
Very interesting
Thanks for sharing
BONUS from Croatia!
Bonas
Alux starting to feel like a masterworks advertisement sometimes 😅
I really needed this
Bonus,❤
Losing track of my spending
Crazy right?!
This is no aha moment but it's sure open my mind for a though
Oh ha!
all of my friends that got money bought Things except one.
I invested money I got and bought a few small useful things.
these are the differences of you speak
Happy Sunday ✌🏿
Happy Sunday and congrats on the 3rd comment!
BONUS! ugh! I wish my friends understood this with their business...🤦🏼♀️
Bonus!
Thank you alot
Prayers from Pakistan!
I remember before I started watching alux I had very little financial knowledge but I was always good at math. alux helped me add it up
Aha!! BONUS!!
Getting rich takes a lot of time and it is actually harder than you think
My goal is to become rich not act rich
I come from old money my father is God
Ask him about the starving kids
Teams
AHA
BONUS POINTS
Aha
Bonus!! Daaamn!! I needed that , as I’m building from a 7 figure business to 8 now
Wow wow wow I have a different perspective and how I should operate my resources in a different way. I’m always conscious and how I should spend what I have. I have passive income.
BONUS! Been watching Alux for a while now and this is the first time I am compelled to leave a comment because this bonus really gave me... an Aha! Moment! Thanks so much Alux! :)
Thinking you are indestructible!
Like Alux. Tired of the Masterworks plugs. And by the way, there is no wait list for anyone.
▪︎ Great vid 👏🏼👏🏼👏🏼
▪︎ There's one thing I'd tweak though....
▪︎ At 16:07 I'd have it say..
"It's always better to be friends with someone who has USE OF 😉 a yacht than to be.....
Aha!
so insightful, some things I have been perceiving myself doing for a while but wasn't able to fully articulate, these insights are golden and definitely come from someone who's been through it.
Gain ALL the money and lose your soul IS IT REALLY WORTH BEING FAT RICH
oh hell yeah!! BONUS for the aha moment I am actually working on
Bonus. As a creative, I kinda have to stand that last tip on its head. I need to build a team to market/distribute the products I create. It's all a question of playing to your strengths.