15 Costliest Mistakes Billionaires (and YOU!) Make

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  • Опубліковано 16 жов 2024

КОМЕНТАРІ • 95

  • @alux
    @alux  13 днів тому +3

    Hello Aluxers What’s a mistake you made that cost you far more than you expected?
    The #1 App Rich People Use To Optimize Their Lives!
    Start a 7-day free trial today: www.alux.com/app

    • @sidewickx
      @sidewickx 13 днів тому +2

      As a side hustle job I have a small financial loan company. My friends who are into supplies comes and borrow money for their purchase orders... I was flexible with delayed paybacks not implying penalties due to the fact thier payments get delayed after supplying... now I need the money back to reinvest in stock and bonds... have been waiting for payback last 2 months now.. that's a mistake I have made and will never make again 🙅‍♂️🤦‍♂️

    • @melchiel4413
      @melchiel4413 13 днів тому +1

      I think that the biggest problem with millionaires and billionaires is the fight over inheritances. My family is no 1%, but my Mexican great grandmother left 4 houses to her grandchildren including my mother, but they were essentially legally stolen by her extended family, especially one that turned out to be a fraudulent lawyer. Inheritance is supposed to be a solemn moment, not something to be fought over or taxed.

    • @davidwithers1748
      @davidwithers1748 13 днів тому

      #7 Singing a contract I haven’t read…instead of signing it. 😗

    • @davidwithers1748
      @davidwithers1748 13 днів тому

      #9 insurance contact? 🤦🏼‍♂️

    • @deepshaswat
      @deepshaswat 12 днів тому

      The point - You Decide to Ignore Your Instincts -> Resonated like it's my store. Then sinking hole as I am still not out of the first point. Need to think about it

  • @melchiel4413
    @melchiel4413 13 днів тому +19

    I think that the biggest problem with millionaires and billionaires is the fight over inheritances. My family is no 1%, but my Mexican great grandmother left 4 houses to her grandchildren including my mother, but they were essentially legally stolen by her extended family, especially one that turned out to be a fraudulent lawyer. Inheritance is supposed to be a solemn moment, not something to be fought over or taxed.

  • @KhristyDrysdale
    @KhristyDrysdale 11 днів тому +39

    Thanks to the team behind this channel. Following your recommendation, I started researching into Abby Joseph Cohen Services. Thankfully it was a little over a year ago now, I started an lnvestment with Abby's Services and that allowed me to be on much MUCH more stable ground in the face of global financial upheaval.
    So thank you, your channel, and your employees. For what it's worth, it made a difference for me and my little family.

    • @AlexxMaester
      @AlexxMaester 11 днів тому

      Same here, I got to know about Abby Joseph Cohen Services on here in 2020. Since then I've paid off 160,000 USD of debt. Now I'm working on building an emergency fund. I didn't even have a savings account three years ago.

    • @LeahDLit
      @LeahDLit 11 днів тому

      How can i reach this Abby Joseph Cohen, if you don't mind me asking? I've known her by her reputation at Goldman Sachs

    • @KhristyDrysdale
      @KhristyDrysdale 11 днів тому

      ​@@LeahDLitWell her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

    • @KhristyDrysdale
      @KhristyDrysdale 11 днів тому +1

      @LeahDLit Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to set up an appointment.

    • @JocaShawn
      @JocaShawn 11 днів тому

      I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Abby Joseph Cohen. I am at $128k right now and LOVING that you have to bring this up here

  • @maheshpatroofficial
    @maheshpatroofficial 13 днів тому +10

    8:09 spelling is incorrect instead of "Signing" mentioned as "Singing".. @alux kindly check attention to detail next time pls!😊

    • @mysticaltyger2009
      @mysticaltyger2009 13 днів тому +2

      Yeah, Alux can be kinda sloppy about spelling in general.

    • @Cogzed
      @Cogzed 12 днів тому +1

      Since it’s about “reading” the contract maybe they were just making sure you were reading the texts. Congratulations. 🎉 You passed the test.

  • @msijo
    @msijo 13 днів тому +6

    "insurance contact" or "contract" ??? you also need to pay attention to details right??? 😂

  • @deepshaswat
    @deepshaswat 12 днів тому +2

    The point - You Decide to Ignore Your Instincts -> Resonated like it's my store. Then sinking hole as I am still not out of the first point. Need to think about it

  • @epbrown01
    @epbrown01 12 днів тому +1

    #14 depends on what you do with the cash. I turned down equity in a company… but I put the cash in another company called Apple. Things worked out better, though the company I passed on it up a bit as well.

  • @jerome6572
    @jerome6572 12 днів тому +3

    Alux I'll learn from you.I get a bequeathment of $12 billion American dollars next week then another $5 billion American dollars from elsewhere.Alux you're teaching me and I thank you.Jerome❤❤❤

  • @KatelynnVDV
    @KatelynnVDV 12 днів тому +2

    My biggest mistake is not listening to my intuition but instead to people who hadn't got any experience in that sector. 6 years later, I did it anyway just too freaking late.

  • @auro1986
    @auro1986 12 днів тому +2

    narrator says your costliest mistake is not watching 15 videos in alux channel daily which if you watch everyday will make billions for alux channel

    • @ablemedia2456
      @ablemedia2456 11 днів тому

      Is anything bad in that? You educate yourself and at the same time make them richer

  • @chikaibegbu8000
    @chikaibegbu8000 13 днів тому +3

    Employing a bad and inexperienced hire...

  • @UmeshPariyar-t7m
    @UmeshPariyar-t7m 13 днів тому +36

    *Having multiple streams of income is a game-changer for stability. Relying solely on a job may not provide enough financial security due to high rates of tax, it is important to explore additional investment opportunities to surpass one"s expectation*

    • @satangjaiteh-i5v
      @satangjaiteh-i5v 13 днів тому

      To be honest, investing correctly today can save you a whole lot of stress in the near future

    • @jorgkundrath
      @jorgkundrath 13 днів тому

      The first step in every successful investment is to establish your goals and risk tolerance, a task best undertaken with the assistance of financial advisor.

    • @AdanSameer-i2u
      @AdanSameer-i2u 13 днів тому

      I remain eternally grateful to EXPERTED JUDY, ARIANNA for her efforts that got me to this point, finally payed off my mortage and all my debts, what more could I"ve asked for. She changed my life

    • @Simonpcee
      @Simonpcee 13 днів тому

      I'm new at this, please how can I reach her?"

    • @ProsperousJay-zo3fl
      @ProsperousJay-zo3fl 13 днів тому

      Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to EXPERTED JUDY, ARIANNA

  • @mikhailschrimscher9288
    @mikhailschrimscher9288 13 днів тому +3

    Trusting people to easily and a one night stand with no protection

    • @mysticaltyger2009
      @mysticaltyger2009 13 днів тому +1

      Any kind of kid by "accident", especially outside of marriage or too young, is very costly.

  • @untouchable360x
    @untouchable360x 13 днів тому +3

    The freedom to make my own mistakes is all I ever wanted.

  • @amaranth6174
    @amaranth6174 13 днів тому +1

    I think what you meant to say is the IRS is mad because they didn’t earn the $49 billion that they keep begging for that goes to nothing good for this country

  • @wlady4000
    @wlady4000 13 днів тому +1

    I fall into the first trap big time and it was painful to get out of it. As always Thank you Alex, I will always love you in the good and bad and thank you for this amazing lesson

  • @javaidak4204
    @javaidak4204 12 днів тому +2

    ❤ love 💓🎉 the content of your video ❤❤❤

  • @johnkh2576
    @johnkh2576 12 днів тому +1

    If u wanna know story behind 'WeWork' ,watch tv series 'WeCrashed' lead by Jared Leto,Anne Hathaway.

  • @KhristyDrysdale
    @KhristyDrysdale 11 днів тому +1

    I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.

  • @sidewickx
    @sidewickx 13 днів тому +1

    As a side hustle job I have a small financial loan company. My friends who are into supplies comes and borrow money for their purchase orders... I was flexible with delayed paybacks not implying penalties due to the fact thier payments get delayed after supplying... now I need the money back to reinvest in stock and bonds... have been waiting for payback last 2 months now.. that's a mistake I have made and will never make again 🙅‍♂️🤦‍♂️

  • @hugh009
    @hugh009 11 днів тому

    After meeting an EX charter yacht owner I think I avoided a HUGE financial mistake by deciding now NOT to buy a 36 to 40 foot cabin cruiser to live on! Insurance in FLORIDA has skyrocketed to up to $20,000 annually! Maintenance ditto. And with these massive hurricanes like Helene increasing it is possible I could LOSE the cruiser!

  • @screenwriterjohn
    @screenwriterjohn 4 дні тому

    "Take equity" might not be good advice, since 90% of American corporations fail in their first five years.... But my biggest mistake was selling my Apple stock around 2016 because I thought it had nowhere else to go but down.

  • @taylors4243
    @taylors4243 13 днів тому

    cannabis is not an addictive substance, per the definition and rules on what is and isn't an addictive substance.

  • @WEAREUPKING
    @WEAREUPKING 10 днів тому

    Yeah goal dream silent most infinity wealthy working okay

  • @jidennadibor6089
    @jidennadibor6089 11 днів тому

    Hello, Alux. I'm a big fan of your channel and I've been follow up for years now. I have a slight problem... I signed up to masterworks and the minimum amount I'm allowed to invest is $500. I thought it's meant to be lower?...

  • @JSRussell
    @JSRussell 12 днів тому

    I committed murder and was sentenced to Life; all suspended but 50 years. My incarceration gave me a chance to reflect and develop. I wrote several books and read hundreds more. Street life cost me and unfortunately another family, but losing big was the catalyst for change.

  • @brandtalkwithmrnis
    @brandtalkwithmrnis 13 днів тому

    Amazing content... Just educating my wife with this

  • @louiskamara1130
    @louiskamara1130 13 днів тому

  • @capmendonca
    @capmendonca 11 днів тому

    Life is random. Sometimes, the mistake you make brings the BEST to you. No one knows how life works because most of the time, it's RANDOM!!!!

  • @marlenarogers5709
    @marlenarogers5709 10 днів тому

    #14,#15

  • @kumarajith9133
    @kumarajith9133 13 днів тому +2

    richest people can buy full world 😨😇🤑🤑🤑😇😇🌍🤑😇🤑🤑🤑🤑

  • @AZ-si8ym
    @AZ-si8ym 12 днів тому

    8:12 singing a contract 😂

  • @marlenarogers5709
    @marlenarogers5709 10 днів тому

    #11😢

  • @Jessica-s3f7r
    @Jessica-s3f7r 12 днів тому

    THANK YOU ALUX❤❤

  • @artcastro5694
    @artcastro5694 13 днів тому

    I love alux

  • @Jee-j8o
    @Jee-j8o 13 днів тому

    Taxes are a gift to your Queen 😆 😅😂

  • @angajkumar9063
    @angajkumar9063 11 днів тому

    Keep don't stop

  • @YarDeng-e3t
    @YarDeng-e3t 12 днів тому

    People of 2024

  • @colinchandler6516
    @colinchandler6516 13 днів тому

    great video

  • @tonytheHAT
    @tonytheHAT 13 днів тому

    I love you ALUX!!! ❤

  • @henrikcarmel1
    @henrikcarmel1 13 днів тому

    In my Company we have divided the tasks between the founders: My colleagues invent new breathtaking tech while I prepare us to the life of billionaires🤪

  • @Introvertedlife777
    @Introvertedlife777 13 днів тому

    First

  • @KarenChaney-h9j
    @KarenChaney-h9j 13 днів тому +1

    Wow I didnt
    Know that alux no making no money im trying not that see tome that's a mental mindset of oweokkarenchaneyforestparkga

  • @applepie3701
    @applepie3701 13 днів тому +1

    I got let go from a company following my instincts

  • @ufuomar-osaigbovo330
    @ufuomar-osaigbovo330 13 днів тому

    Nice content and very apt

  • @sachinrankar1230
    @sachinrankar1230 12 днів тому

    I am ready

  • @colinchandler6516
    @colinchandler6516 13 днів тому

    okay thank you

  • @doraciataris8001
    @doraciataris8001 13 днів тому

    Alux is here!! Yay

  • @Nellia..
    @Nellia.. 13 днів тому

    ♥️ Alux