Hello Aluxers!! What do you think is the best way to preserve wealth? Have you downloaded the Alux App yet? alux.com/app The ALUX App is Officially Here! | Alux Keynote 2022: ua-cam.com/video/bd4uVm2AYuY/v-deo.html
Yall said it. Instilling financial responsibility in your children. Even with all our hard work it could possibly be gone by the 3rd generation. So this responsibility passed down is key. Its not guaranteed but will probably increase the chances.
Best way to improve wealth 1. Educate yourself 2. Stay single 2. If you can't be single, give a financial quiz to your partner. 4. Stay Single 5. Don't have kids
1. Manage your money well 2. Boost your income 3. Invest wisely 4. Diversify - invest in different things - stocks - real estate 5. Hire a good CPA and do what they say 6. Get insured 7. Seek good legal advice 8. Have an estate plan 9. Pick executors and trustees wisely 10. Sign a pre nup 11. Prepare a will - keep updating your will 12. Keep tabs on your assets - putting copies of important documents in a safe place - insurance papers - real estate purchase papers - withdraw receipts - bank account information - power of attorneys - retirement contributions 13. Have an emergency fund 14. Avoid naming your estate as a beneficiary for life insurance 15. Be charitable 16. Instill financial responsibility in your children
If you are looking for the timestamps because they're broken here you go :) #Staysafe 00:00 - Intro 01:18 - Manage Your Money Well 02:15 - Boost Your Income 03:07 - Invest Wisely 03:46 - Diversify 04:52 - Hire a Good CPA and Do What They Say 05:27 - Get Insured 06:02 - Seek Good Legal Advice 06:52 - Have an Estate Plan 07:21 - Pick Executors and Trustees Wisely 07:55 - Sign A Prenup 08:31 - Prepare A Will 09:04 - Keep Tabs on Your Assets 09:46 - Have an Emergency Fund 10:17 - Avoid Naming Your Estate as the Beneficiary for Life Insurance 10:58 - Be Charitable 11:55 - Question 12:12 - Bonus
*Great video. We all strive for financial independence and better life. It’s not difficult in achieving this through the right investment, living frugally and budgeting. I’m glad I learnt early in life to work hard for financial freedom*
In my opinion, venturing into a good investment, is not just a strategy for generating passive income but a profitable saving method for future expenses. Those who fail to make the right decisions early in life end up regretting. Nevertheless, investing can be difficult and risky doing it solely ,For this reason , I advise on seeking help from professionals(financial advisor). It’s not just watching videos and reading investment book but the challenge is using it well.
@@dianaroberti872 sincerely, I’m truly inspired by your words. I’m very interested in investing and I’ve a good sum of money which I’m ready put in with the right information. My biggest fear is loosing my money in a wrong investment. For this reason, I’m willing to listen to your suggestions and ideas on how to invest wisely.
@@jacobrich3817 As an OAP with a lot of experiences,I firmly believe that the success of any investment depends on having the right information, regardless of what others say, do whatever you set your mind to. Warren Buffer always says "be greedy when others are fearful and be fearful when others are greedy". This is certainly the trick to succeeding even when others fail. I made *$100,000* working with *Donald Nathan Scott* a licensed *financial adviser* . It’s been a promising experience so far with him.
@@jacobrich3817 Easy peasy, *(Donald Nathan Scott)* quickly do a web check where you can connect with him, do your research with his full names mentioned
This message is for someone who needs to hear this and will fully understand it... You are not define by your circumstance or your past. It’s not what happened to you that determines your success in life; it is how you deal with those circumstances that determines your success in life. You are strong, you are capable and practice forgiveness (Forgiveness is for you; forgive your parents or anyone whom we have chosen to hurt us, to begin the process of healing and freedom. Remember: Forgiveness is for you to be freed, healed and happy. It’s a RESET BUTTON) and practice gratitude everyday. This will change the course of your life forever. Love you always and I believe in you wholeheartedly no matter what ✨❤️ - Nat
To manage your money and achieve financial freedom. Start investing, that's the only true way to multiply your income and stay rich always. I spent my 30's and 40's investing in stocks and real estate. That's the best thing I did doe myself, recently discovered stocks now and life feels more easier...
I realize that the secret to being successful in life is smart work not hard work. This idealogy. Make me s0 inquisitive about growing my finances and having a dream retirement. What is the best way to lnvest and creat wealth with my $150k? I need help please.
@@Zubarevich12 You need a higher knowledge to succeed in any lnvestment which make it important to seek the help of a skilled financial consultant that will help you with the perfect strategies to create wealth with your capital. I'm operating with a financial consultant and with her help so far I've attained good ROI (amount Is confidential)
Health is your Wealth. No use earning so much money only to watch someone else enjoy your labor from a hospice or deathbed. Do your best and try not to pass on debt to the family.
These days I've noticed everyone running around to acquire wealth and very few people are taking time to learn how to maintain and preserve the wealth after it's acquired.
These are fantastic takes, I feel exceptionally lucky I started investing in my early 30s and consistently compounded my income via assets to create more cash flow. I grew to a 7 figure well-diversified portfolio having exposure to different prolific lnvestments mainly savings account, stocks, ibonds and high yield dividend funds. Forever grateful to my adviser Susan Kay Mack. Passive income is mandatory for building long term wealth.
Wealth, the biggest takeaway I took is financial education. Financial education to build my wealth and financial education for my future generations to preserve it
My first year of making money i blew everything … its only in my 2nd year i started investing and i was able to double my investments following alot of Aluxs advice 🔥💯
Good job with that! It’s with failures, epics and downfall that we can truly learn anything. At least, you now know how to do it easily and by doing it yourself.
Sadly this economic crisis means more inflation and more inflation affects the banking system. My condolences to anyone retiring this year. I’ve heard some folks say that you shouldn’t pay off the mortgage early if the interest rate for the mortgage is low. If we get rid of our mortgage, we are eliminating the biggest expense in our retirement budget. The "idea" of retirement is the whole contradiction of forty years of effort. you have to stop relying on the government saving all of your money
I am not understanding why being full-time is a stumbling block. The sooner you start the better. Some companies offer stock purchases or make matches up to a certain amount. If you can get it deducted from your paycheck you never see it so you don't miss it. You can start with a small amount to become acquainted with the process.
i'm really looking forward to starting something for myself but it's hard for me to take part in the market right now due to the fulltime nature of my job. it will be way to stressful to combine so i don't even think about it. how do you invest?
@@coffmanleonel6227 From the little I learnt from my advisor who's a pundit, Inflation mostly affects stock yields in that, as inflation erodes the value of a dollar of earnings, it makes it difficult for the market too gauge the current value of the companies that make up market indexes. On the flip side, inflation favors value stocks (if you know how to take advantage of this in the market). I gain always from inflation because of the picks my advisor makes. I hope this helps.
@@ishaandevaj5587 ️ I’m not retired yet, I love my job as an electrician. Worked so hard in my late 30’s and early 40’s saved so hard made investments (I was in good hands with my financial advisor). Oh well, if I had to do it over, I will do the same thing. I do “play” with $50,000. I purchased CCL and US Oil.
@@stevenbiggs159 this is honestly encouraging, because I've always stuck with the growth stocks and loss has been a common occurrence in austere times like this. If you don't mind, who's the advisor you work with? will love to reach out for a rescue
TEAM ALUX I LEARN FROM UR VIDEO THAT BEST WAY TO PRESERVE WEALTH IS 1. INVESTMENT IN ANY BUSINESS WHERE ROI IS 6%> 2. BELIVE IN MAGIC OF COMPOUND EFFECT
Keep debt to a minimum. Cut expenses. Develop healthy habits like consistently saving money at regular intervals for investments to help you build wealth. If you work on this, your financial potential will grow exponentially. There are numerous opportunities to make money on the financial market. With the assistance of my financial advisor James Fletcher Brennan, I was able to earn my first million dollars through passive investment in a variety of assets.
This really hit home. I’ve started working on myself and getting the best for my family as I’ve put the money I saved aside and invested it, making great returns. Made my first $100k milestone and I’m never going back to the rat race. Most of all, expertise helps in investing.
Impressive!! Also, I did read about James Fletcher Brennan on the web, I was able to find his webpage and leave a mail. I'm willing to make consultations to improve my portfolio
I’ve seen loads of news of James Fletcher Brennan on the internet, he must really be that good for him to be talked about in such a way. I have 20 stocks and 60% is in US large cap, 19% in US small & Medium cap, and about 20 is in Emerging markets (2 india etfs, one is SMIN and the other is INDA) but I’d like to work on a larger portfolio so I just sent your advisor a proposal
Perhaps the most reasonable way to preserve wealth is through "diversification". You shouldn't put all your eggs in one basket. A friend of mine lost almost half of his inheritance in the Luna crypto saga. Personally, as one who has been into Real Estates for as long as I can remember, I made my first million earlier this year from stocks alone (through the help of a pro though). I also experiment with a couple of other things. Imagine what the situation would had been given the real estates market if I were solely banking on it.
Pragmatic... I have been into all of these for sometime and though I won't say I have lost a fortune, I have squandered quite a lot... How can I get in touch with one? If it's not a problem, do you mind recommending the pro. you worked with? I could definitely use the help of one right now... I anticipate your response..
@@pizzaguy7998 Funny enough, I can honestly relate. It takes some level of decisiveness and discipline. I don't know if I am permitted to drop it here, but her name is "Nancy Lynn Lewis". Was in the news a lot in 2018. You may check her out online for more.
@@timsherwood7564 Wow I know this little lady. Once attended a seminar she was also in attendance in Vienna,, Great speaker with a funny accent,, She's American though, I doubt she works with foreigners,,,
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires.......
Hello Alux! It's like ages I'm an aluxer,I'm finally 18 and I'm buying an asset ,a real estate asset ,preferrebly,i wonder what's the better option, buying residential or commercial real estate, I'd really love to hear your idea,and as always,Alux is magnificent, unique channel i can't resist to check it's new vids as soon as they pop up up my screen,keep up the marvelous job! ❤️❤️
Limit spending to less than 2.5% of the estate per year. That should allow it to continue to grow in real terms. Trusts are a great way to preserve WEALTH also.
Best way to preserve wealth? Buy assets that will be needed for decades to come with fixed supplies. Gold for example, or even better: XRP ;) btw XRP also doubled as a way of wealth creation as it's massively undervalued right now. If you're reading this in the future; 1 XRP used to be $0.40 at the time of writing. Crazy, I know
the more you earn the less you spend then take the difference and let it generate and regenerate and regenerate in time you will be on a path to understanding financial education
This is a better idea only if we get to strictly implement it, but the saddest part of it is most of us don’t and cannot just do it.. It’s always a wiser thing to invest and keep reinvesting our money.
@@site_is_down I have seen people earn high spend high and portray an image of success and then fall very low when they were in a position to educate themselves , but substance is not what they seek it's short term look at me rather than long term financial peace of mind
Precious Metals. Try to collect a years worth of salary in PM's as an insurance policy. Once purchased, it's off the books. Can gift it to who ever, no way to track it. Who is to say you didn't sell a few ounces to pay the bar tab? PM's buried away somewhere, who can prove you still own it? Get sued for everything you own, take your stash, cash it in and start over somewhere.
Wealth.......in my opinion the best way to maintain Wealth is.... Buy property Start a private pension Stay single I've had 3 wives. All been fantastic at spending money 💰 🤑 💸 .
High dividend well designed Whole Life Insurance. It grows your wealth at around 5% tax free (that´s 8.33% after tax in the 40% bracket) Leverages your contribution 3.5-10 fold depending on age & health...and passes to your heirs income tax free (estate-tax free if done properly). And it allows for guaranteed tax-free collateral loans by phone call...never repaid but deducted from death benefit. NO mutual fund, stock or real estate property comes close to these guarantees. Properly designed LIFE INSURANCE Does.
Avoid high interest debt. Cut costs. spend less, earn more and invest passively The best way to find that balance between saving and living is by investing..what i can say to investors in the market is diversification and solid management this was how i got to my first million..at this point I'm actually grateful for my advisor Susan Kay Mack.
This may sound funny on the first note, but it does makes sense. It’s easier for us to be burdened to go to work because we have no choice but to do so, but it’s too hard to keep our earnings from it.
I love how the Alux comment section is nothing but bot accounts for "investment" companies and "financial advisors" or a drab about "Forex made me rich" junk. Like 40 comments in one thread back and forth written like a cheap romance novel.
Thanks for another great video, Alux. I'm happy to say that I'm doing or have done many of these. Others you'd really only do when you get wealthier than I currently am. So, I'll keep in mind.
WEALTH I love the topic especially the Bonus. Inherent the knowledge of preserving your wealth to your children and pass it to next generation and so on...
Passing wisdom on to your children is the wisest investment. That process requires Acquiring and Using said Knowledge for Self; so, everything on this list falls under this umbrella. I guess one would need a complementary Spouse and Offspring.
The first thing I would do to preserve my wealth is to buy real assets like gold, diamonds, government bonds etc cause currencies can fluctuate more than these things so keeping cash might not be much handy in inflation circumstances.
*The crypto market has been favourable in the past weeks, I keep missing out on this opportunity, I'm most certainly very impatient how can I ever make a profit in the crypto market.*
Matthew 6 NIV Treasures in Heaven 19 “Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. 20 But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal. 21 For where your treasure is, there your heart will be also. 22 “The eye is the lamp of the body. If your eyes are healthy,[c] your whole body will be full of light. 23 But if your eyes are unhealthy,[d] your whole body will be full of darkness. If then the light within you is darkness, how great is that darkness! 24 “No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money. Do Not Worry 25 “Therefore I tell you, do not worry about your life, what you will eat or drink; or about your body, what you will wear. Is not life more than food, and the body more than clothes? 26 Look at the birds of the air; they do not sow or reap or store away in barns, and yet your heavenly Father feeds them. Are you not much more valuable than they? 27 Can any one of you by worrying add a single hour to your life[e]? 28 “And why do you worry about clothes? See how the flowers of the field grow. They do not labor or spin. 29 Yet I tell you that not even Solomon in all his splendor was dressed like one of these. 30 If that is how God clothes the grass of the field, which is here today and tomorrow is thrown into the fire, will he not much more clothe you-you of little faith? 31 So do not worry, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ 32 For the pagans run after all these things, and your heavenly Father knows that you need them. 33 But seek first his kingdom and his righteousness, and all these things will be given to you as well. 34 Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.
Investing in my country is a big deal , don’t know what to invest my money in these days, if anyone one could help a frd in Africa … I like the budgeting part , it has really helped me in my growing up …….
Insurance? You all lost me there. Insurance companies pay billions of dollars to attorneys to figure out how NOT to pay claims. That is why they stay in business! Never pay insurance unless it is legally required.
This a great video, I learn alot watching your videos and it has been helpful to me. building a steady income is quite difficult for newbies. Thanks to Linda boney. for improving my portfolio, keep up with good videos.
Hello Aluxers!! What do you think is the best way to preserve wealth?
Have you downloaded the Alux App yet?
alux.com/app
The ALUX App is Officially Here! | Alux Keynote 2022: ua-cam.com/video/bd4uVm2AYuY/v-deo.html
First
👏👏👏
Yall said it. Instilling financial responsibility in your children. Even with all our hard work it could possibly be gone by the 3rd generation. So this responsibility passed down is key. Its not guaranteed but will probably increase the chances.
Best way to improve wealth
1. Educate yourself
2. Stay single
2. If you can't be single, give a financial quiz to your partner.
4. Stay Single
5. Don't have kids
@@danielboateng3285 as we y see free
1. Manage your money well
2. Boost your income
3. Invest wisely
4. Diversify
- invest in different things
- stocks
- real estate
5. Hire a good CPA and do what they say
6. Get insured
7. Seek good legal advice
8. Have an estate plan
9. Pick executors and trustees wisely
10. Sign a pre nup
11. Prepare a will
- keep updating your will
12. Keep tabs on your assets
- putting copies of important documents in a safe place
- insurance papers
- real estate purchase papers
- withdraw receipts
- bank account information
- power of attorneys
- retirement contributions
13. Have an emergency fund
14. Avoid naming your estate as a beneficiary for life insurance
15. Be charitable
16. Instill financial responsibility in your children
For a proper financial stability & portfolio income earnings. ω н α т 'ѕ α ρ ρ the above line,.
Thank you!
Thank you for this sunmary 😊
Thanks for that
Thanks for saving time
If you are looking for the timestamps because they're broken here you go :) #Staysafe
00:00 - Intro
01:18 - Manage Your Money Well
02:15 - Boost Your Income
03:07 - Invest Wisely
03:46 - Diversify
04:52 - Hire a Good CPA and Do What They Say
05:27 - Get Insured
06:02 - Seek Good Legal Advice
06:52 - Have an Estate Plan
07:21 - Pick Executors and Trustees Wisely
07:55 - Sign A Prenup
08:31 - Prepare A Will
09:04 - Keep Tabs on Your Assets
09:46 - Have an Emergency Fund
10:17 - Avoid Naming Your Estate as the Beneficiary for Life Insurance
10:58 - Be Charitable
11:55 - Question
12:12 - Bonus
*Great video. We all strive for financial independence and better life. It’s not difficult in achieving this through the right investment, living frugally and budgeting. I’m glad I learnt early in life to work hard for financial freedom*
In my opinion, venturing into a good investment, is not just a strategy for generating passive income but a profitable saving method for future expenses. Those who fail to make the right decisions early in life end up regretting. Nevertheless, investing can be difficult and risky doing it solely ,For this reason , I advise on seeking help from professionals(financial advisor). It’s not just watching videos and reading investment book but the challenge is using it well.
@@dianaroberti872 sincerely, I’m truly inspired by your words. I’m very interested in investing and I’ve a good sum of money which I’m ready put in with the right information. My biggest fear is loosing my money in a wrong investment. For this reason, I’m willing to listen to your suggestions and ideas on how to invest wisely.
@@jacobrich3817 As an OAP with a lot of experiences,I firmly believe that the success of any investment depends on having the right information, regardless of what others say, do whatever you set your mind to. Warren Buffer always says "be greedy when others are fearful and be fearful when others are greedy". This is certainly the trick to succeeding even when others fail. I made *$100,000* working with *Donald Nathan Scott* a licensed *financial adviser* . It’s been a promising experience so far with him.
@@dianaroberti872 How do I get to know more about him please
@@jacobrich3817 Easy peasy, *(Donald Nathan Scott)* quickly do a web check where you can connect with him, do your research with his full names mentioned
This message is for someone who needs to hear this and will fully understand it... You are not define by your circumstance or your past. It’s not what happened to you that determines your success in life; it is how you deal with those circumstances that determines your success in life. You are strong, you are capable and practice forgiveness (Forgiveness is for you; forgive your parents or anyone whom we have chosen to hurt us, to begin the process of healing and freedom. Remember: Forgiveness is for you to be freed, healed and happy. It’s a RESET BUTTON) and practice gratitude everyday. This will change the course of your life forever. Love you always and I believe in you wholeheartedly no matter what ✨❤️ - Nat
To manage your money and achieve financial freedom. Start investing, that's the only true way to multiply your income and stay rich always. I spent my 30's and 40's investing in stocks and real estate. That's the best thing I did doe myself, recently discovered stocks now and life feels more easier...
I realize that the secret to being successful in life is smart work not hard work. This idealogy. Make me s0 inquisitive about growing my finances and having a dream retirement. What is the best way to lnvest and creat wealth with my $150k? I need help please.
@@Zubarevich12 You need a higher knowledge to succeed in any lnvestment which make it important to seek the help of a skilled financial consultant that will help you with the perfect strategies to create wealth with your capital. I'm operating with a financial consultant and with her help so far I've attained good ROI (amount Is confidential)
@@YusufEymen248 This is really helpful, please how can I approach your consultant? I'll be so delighted to work with her
@@Zubarevich12 You can look her up on the web with her full name below as she is SEC regulated...
*EULA ROSWELL DIGITAL*
Generally lnvesting requires experience & skills. So it's important to have a solid support structure(financial advisor) to guide you through.
Health is your Wealth. No use earning so much money only to watch someone else enjoy your labor from a hospice or deathbed. Do your best and try not to pass on debt to the family.
These days I've noticed everyone running around to acquire wealth and very few people are taking time to learn how to maintain and preserve the wealth after it's acquired.
I delight in following your commands more than in having great wealth.
Psalms 119: 14
Wealth - live below your means, dont eat out often, and always look for deals when shopping. This has helped me save and invest over time.
These are fantastic takes, I feel exceptionally lucky I started investing in my early 30s and consistently compounded my income via assets to create more cash flow. I grew to a 7 figure well-diversified portfolio having exposure to different prolific lnvestments mainly savings account, stocks, ibonds and high yield dividend funds. Forever grateful to my adviser Susan Kay Mack. Passive income is mandatory for building long term wealth.
Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth.
out of curiosity I did read about Susan Kay Mack on the web.,she has a great resume.
i'm happy there are lots of people doing so well...Love this channel for the transparency
Found her webpage by looking up her name online.... she seems very proficient, I'll be writing a mail to her shortly
Wealth, the biggest takeaway I took is financial education. Financial education to build my wealth and financial education for my future generations to preserve it
My first year of making money i blew everything … its only in my 2nd year i started investing and i was able to double my investments following alot of Aluxs advice 🔥💯
Good job with that! It’s with failures, epics and downfall that we can truly learn anything. At least, you now know how to do it easily and by doing it yourself.
Sadly this economic crisis means more inflation and more inflation affects the banking system. My condolences to anyone retiring this year. I’ve heard some folks say that you shouldn’t pay off the mortgage early if the interest rate for the mortgage is low. If we get rid of our mortgage, we are eliminating the biggest expense in our retirement budget. The "idea" of retirement is the whole contradiction of forty years of effort. you have to stop relying on the government saving all of your money
I am not understanding why being full-time is a stumbling block. The sooner you start the better. Some companies offer stock purchases or make matches up to a certain amount. If you can get it deducted from your paycheck you never see it so you don't miss it. You can start with a small amount to become acquainted with the process.
i'm really looking forward to starting something for myself but it's hard for me to take part in the market right now due to the fulltime nature of my job. it will be way to stressful to combine so i don't even think about it. how do you invest?
@@coffmanleonel6227 From the little I learnt from my advisor who's a pundit, Inflation mostly affects stock yields in that, as inflation erodes the value of a dollar of earnings, it makes it difficult for the market too gauge the current value of the companies that make up market indexes. On the flip side, inflation favors value stocks (if you know how to take advantage of this in the market). I gain always from inflation because of the picks my advisor makes. I hope this helps.
@@ishaandevaj5587 ️ I’m not retired yet, I love my job as an electrician. Worked so hard in my late 30’s and early 40’s saved so hard made investments (I was in good hands with my financial advisor). Oh well, if I had to do it over, I will do the same thing. I do “play” with $50,000. I purchased CCL and US Oil.
@@stevenbiggs159 this is honestly encouraging, because I've always stuck with the growth stocks and loss has been a common occurrence in austere times like this. If you don't mind, who's the advisor you work with? will love to reach out for a rescue
TEAM ALUX I LEARN FROM UR VIDEO THAT BEST WAY TO PRESERVE WEALTH IS 1. INVESTMENT IN ANY BUSINESS WHERE ROI IS 6%> 2. BELIVE IN MAGIC OF COMPOUND EFFECT
Keep debt to a minimum. Cut expenses. Develop healthy habits like consistently saving money at regular intervals for investments to help you build wealth. If you work on this, your financial potential will grow exponentially. There are numerous opportunities to make money on the financial market. With the assistance of my financial advisor James Fletcher Brennan, I was able to earn my first million dollars through passive investment in a variety of assets.
This really hit home. I’ve started working on myself and getting the best for my family as I’ve put the money I saved aside and invested it, making great returns. Made my first $100k milestone and I’m never going back to the rat race. Most of all, expertise helps in investing.
Impressive!! Also, I did read about James Fletcher Brennan on the web, I was able to find his webpage and leave a mail. I'm willing to make consultations to improve my portfolio
Did a quick web search, he has a pretty decent bio, I wrote him and I'm waiting on his reply.
I’ve seen loads of news of James Fletcher Brennan on the internet, he must really be that good for him to be talked about in such a way. I have 20 stocks and 60% is in US large cap, 19% in US small & Medium cap, and about 20 is in Emerging markets (2 india etfs, one is SMIN and the other is INDA) but I’d like to work on a larger portfolio so I just sent your advisor a proposal
Perhaps the most reasonable way to preserve wealth is through "diversification". You shouldn't put all your eggs in one basket. A friend of mine lost almost half of his inheritance in the Luna crypto saga. Personally, as one who has been into Real Estates for as long as I can remember, I made my first million earlier this year from stocks alone (through the help of a pro though). I also experiment with a couple of other things. Imagine what the situation would had been given the real estates market if I were solely banking on it.
Pragmatic... I have been into all of these for sometime and though I won't say I have lost a fortune, I have squandered quite a lot... How can I get in touch with one? If it's not a problem, do you mind recommending the pro. you worked with? I could definitely use the help of one right now... I anticipate your response..
@@pizzaguy7998 you don't need one if you got time. read materials on this, watch videos on this, you will be alright
@@pizzaguy7998 Funny enough, I can honestly relate. It takes some level of decisiveness and discipline. I don't know if I am permitted to drop it here, but her name is "Nancy Lynn Lewis". Was in the news a lot in 2018. You may check her out online for more.
@@timsherwood7564 Wow I know this little lady. Once attended a seminar she was also in attendance in Vienna,, Great speaker with a funny accent,, She's American though, I doubt she works with foreigners,,,
@@timsherwood7564 Thanks
Wealth Wealth Wealthy! PRAISED THE LORD! Thank YOU LORD GOD I RECEIVED THE HEAVENLY TREASURES TODAY! IN JESUS NAME AMEN♥️🇫🇷😍
You work for 40yrs to have $1M in your
retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires.......
imagine investing in Btcoin earlier.... You could have been a multi millionaire precently
You are right. Been thinking of going into gold and cyptocurrency
Investment is the key to achieving success with the current pandemic slowing down so many businesses aww
Talking about been successful. I know I am blessed if not I wouldn't have met someone is as spectacular as Stacy Griffin
She has helped me recovered a lot from the time I have trading with her
Hello Alux! It's like ages I'm an aluxer,I'm finally 18 and I'm buying an asset ,a real estate asset ,preferrebly,i wonder what's the better option, buying residential or commercial real estate, I'd really love to hear your idea,and as always,Alux is magnificent, unique channel i can't resist to check it's new vids as soon as they pop up up my screen,keep up the marvelous job! ❤️❤️
Wealth: Live as if you don't have it. Not as a miser, but as a caretaker.
Limit spending to less than 2.5% of the estate per year. That should allow it to continue to grow in real terms. Trusts are a great way to preserve WEALTH also.
For a proper financial stability & portfolio income earnings. ω н α т 'ѕ α ρ ρ the above line,.
I think some are so busy working and accumulating wealth, they forget to teach their descends. Their children and grands. That's the tragedy 😢
Prenup should be on top.
Rest is secondary with such mindset.
WEALTH! :D and HEALTH! P.S. My favorite tip was "getting a lawyer" to preserve wealth.
WEALTH.....Always be learning, simple and boring but true.
For a proper financial stability & portfolio income earnings. ω н α т 'ѕ α ρ ρ the above line,.
To anything your children want to tell you. If you don’t listen to the small stuff now, they won’t tell you the big stuff later
Hey Alux! I got a vid idea! Can you do a vid on whole life insurance and explain how the 1% uses it to become and stay rich?? Thanks!
For a proper financial stability & portfolio income earnings. ω н α т 'ѕ α ρ ρ the above line..
Preserve wealth by keeping learning
I agree!! A knowledge in everything is a knowledge that can make you survive a lifetime.
Best way to preserve wealth? Buy assets that will be needed for decades to come with fixed supplies. Gold for example, or even better: XRP ;)
btw XRP also doubled as a way of wealth creation as it's massively undervalued right now. If you're reading this in the future; 1 XRP used to be $0.40 at the time of writing. Crazy, I know
For a proper financial stability & portfolio income earnings. ω н α т 'ѕ α ρ ρ the above line,.
the more you earn the less you spend then take the difference and let it generate and regenerate and regenerate in time you will be on a path to understanding financial education
This is a better idea only if we get to strictly implement it, but the saddest part of it is most of us don’t and cannot just do it.. It’s always a wiser thing to invest and keep reinvesting our money.
@@site_is_down I have seen people earn high spend high and portray an image of success and then fall very low when they were in a position to educate themselves , but substance is not what they seek it's short term look at me rather than long term financial peace of mind
today is the day have known that getting your assests insured is one way of preserving wealth, i always thought insurance company were a wrip off
The ways mentioned in this video is the right way of preserving your wealth
Wealth. Learnt to invest from Alux during market crash in 2020 and happy with learning in wealth creation journey!
I watch ALUX to learn how to grow my WEALTH
For a proper financial stability & portfolio income earnings. ω н α т 'ѕ α ρ ρ the above line..
Precious Metals. Try to collect a years worth of salary in PM's as an insurance policy. Once purchased, it's off the books. Can gift it to who ever, no way to track it. Who is to say you didn't sell a few ounces to pay the bar tab? PM's buried away somewhere, who can prove you still own it? Get sued for everything you own, take your stash, cash it in and start over somewhere.
I have just lost 400$ yesterday. Just in time for this
Guys We need wealth first so please start investing
Wealth.......in my opinion the best way to maintain Wealth is....
Buy property
Start a private pension
Stay single
I've had 3 wives. All been fantastic at spending money 💰 🤑 💸
.
High dividend well designed Whole Life Insurance. It grows your wealth at around 5% tax free (that´s 8.33% after tax in the 40% bracket) Leverages your contribution 3.5-10 fold depending on age & health...and passes to your heirs income tax free (estate-tax free if done properly). And it allows for guaranteed tax-free collateral loans by phone call...never repaid but deducted from death benefit.
NO mutual fund, stock or real estate property comes close to these guarantees. Properly designed LIFE INSURANCE Does.
Avoid high interest debt. Cut costs. spend less, earn more and invest passively The best way to find that balance between saving and living is by investing..what i can say to investors in the market is diversification and solid management this was how i got to my first million..at this point I'm actually grateful for my advisor Susan Kay Mack.
Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.
out of curiosity I did read about Susan Kay Mack on the web.,she has a great resume.
Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth.
I was able to find her webpage and leave a mail after going through her credentials, i'm willing to make consultations to improve my portfolio
Number 10 is my favourite.
For a proper financial stability & portfolio income earnings. ω н α т 'ѕ α ρ ρ the above line,.
Making money is easy keeping it is the interesting part, yes truer words couldn't be more right 👍
For a proper financial stability & portfolio income earnings. ω н α т 'ѕ α ρ ρ the above line,.
This may sound funny on the first note, but it does makes sense. It’s easier for us to be burdened to go to work because we have no choice but to do so, but it’s too hard to keep our earnings from it.
@@site_is_down agreed mate 👍
I love how the Alux comment section is nothing but bot accounts for "investment" companies and "financial advisors" or a drab about "Forex made me rich" junk. Like 40 comments in one thread back and forth written like a cheap romance novel.
Thanks for another great video, Alux.
I'm happy to say that I'm doing or have done many of these.
Others you'd really only do when you get wealthier than I currently am.
So, I'll keep in mind.
It’s like you guys are in my mind and plucking videos out on the topics I want to know about.
I'm confused on the logistics on how you actually not tax a "gift"?
*To get rich, you have to be making money while you're sleep* 💪
#richfeeling 💎
WEALTH
I love the topic especially the Bonus. Inherent the knowledge of preserving your wealth to your children and pass it to next generation and so on...
Passing wisdom on to your children is the wisest investment. That process requires Acquiring and Using said Knowledge for Self; so, everything on this list falls under this umbrella. I guess one would need a complementary Spouse and Offspring.
*as well
For a proper financial stability & portfolio income earnings. ω н α т 'ѕ α ρ ρ the above line..
10:20 can you eloborate on no14 as to why we shouldnt name the estate as the beneficiary for life insurance?
Wealth ! Wealth! Wealth! I love wealth ... But wealth also likes me......👿😈
The first thing I would do to preserve my wealth is to buy real assets like gold, diamonds, government bonds etc cause currencies can fluctuate more than these things so keeping cash might not be much handy in inflation circumstances.
Just like laws of physics know the laws of economy
WEALTH: One great way to preserve wealth is to invest physically in Gold and Silver.
INVESTING IN CRYPTO NOW IS VERY COOL EXPECIALLY WITH THE CURRENT RISE IN THE MARKET, ACT NOW.
Making money is the plan and with Bitcoin your plans can be accomplish,
I really appreciate Mr Harris Clark influence during this global pandemic lock down.
*The crypto market has been favourable in the past weeks, I keep missing out on this opportunity, I'm most certainly very impatient how can I ever make a profit in the crypto market.*
@Katie Thomas More info please
@Jose Sanchez That is true I've been trading for years and it has been my source of income,
Can someone elaborate the life insurance and estate part?
There're billions of people who are unemployed. Solve that kinda problem if you wanne become a billionaire
Matthew 6 NIV Treasures in Heaven 19 “Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. 20 But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal. 21 For where your treasure is, there your heart will be also. 22 “The eye is the lamp of the body. If your eyes are healthy,[c] your whole body will be full of light. 23 But if your eyes are unhealthy,[d] your whole body will be full of darkness. If then the light within you is darkness, how great is that darkness! 24 “No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money. Do Not Worry 25 “Therefore I tell you, do not worry about your life, what you will eat or drink; or about your body, what you will wear. Is not life more than food, and the body more than clothes? 26 Look at the birds of the air; they do not sow or reap or store away in barns, and yet your heavenly Father feeds them. Are you not much more valuable than they? 27 Can any one of you by worrying add a single hour to your life[e]? 28 “And why do you worry about clothes? See how the flowers of the field grow. They do not labor or spin. 29 Yet I tell you that not even Solomon in all his splendor was dressed like one of these. 30 If that is how God clothes the grass of the field, which is here today and tomorrow is thrown into the fire, will he not much more clothe you-you of little faith? 31 So do not worry, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ 32 For the pagans run after all these things, and your heavenly Father knows that you need them. 33 But seek first his kingdom and his righteousness, and all these things will be given to you as well. 34 Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.
To preserve Wealth and live a different life you can migrate to tax heavens, at least for a while 🔆✌🏼
Investing in my country is a big deal , don’t know what to invest my money in these days, if anyone one could help a frd in Africa … I like the budgeting part , it has really helped me in my growing up …….
Insurance? You all lost me there. Insurance companies pay billions of dollars to attorneys to figure out how NOT to pay claims. That is why they stay in business! Never pay insurance unless it is legally required.
For a proper financial stability & portfolio income earnings. ω н α т 'ѕ α ρ ρ the above line..
Maybe we should further discuss the terms of irs loopholes Available.
Preserve your Wealth by keep on reinvesting into Yourself
“WEALTH” ❤️
Wealth. Off shore accounts, things such as that I think
#WEALTH / Buy Gold and Silver and store it in a safe !!!
alux narrator can say watch 15 videos in alux channel to preserve wealth. not yours but alux's wealth
WEALTH 💐💪🏻💐💪🏻💐💪🏻💐💪🏻💐💪🏻
Wealth. Always continuously plan with backup plans if Plan A fsils
For a proper financial stability & portfolio income earnings. ω н α т 'ѕ α ρ ρ the above line,.
WEATLH
Precious metals are an amazing way to preserve wealth.
Wealth to every single one of you aluxers !!! God bless ✨🙏🏼
WEALTH 🙏
STRENGTH..💐💪🏻💐💪🏻💐💪🏻💐💪🏻💐💪🏻
How to preserve you money well:
1. DON'T BE CORRUPT
2. DON'T SELL BOGUS PRODUCTS & SERVICES
Thank you so mutch for thin inspirations! Wealth!!!🥰
wealth
#Wealth - Instill Financial Responsibility in Your Children. So that your wealth can be trans generational.
Wealth! Let's get to it 💷🎒
Just went through the estate being the beneficiary……
This a great video, I learn alot watching your videos and it has been helpful to me. building a steady income is quite difficult for newbies. Thanks to Linda boney. for improving my portfolio, keep up with good videos.
I'm surprised you know her too. I've been making a lot of profits investing with her for a few months now.
Mrs Boney changed my life because of the high profits I got from investing with her.
You invest with Mrs Boney too? Wow that woman has been a blessing to me and my family.
lease any information on how i can get in touch with Mrs boney.?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much.
LEARN FINANCIAL LITERACY! REACH FINANCIAL FREEDOM!👍👍👍
Thanks. Great WEALTH advice
Great data, Love you guys, Thee Best advice on UA-cam great Knowledge. 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾💎👑❤️
WEALTH!!!!!
Tell me how to start a charity organization i can control.
WEALTH
Wealth...rare metals
Set-up an Insurance Trust!
Get insured, and name your Estate the “ Beneficiary”
Thank you a million!!!👏👏👏
what is the name of women in #4 ? Patricia...? 🤔
🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻
BUY ROLEX WATCHES ALUX
Never buy assets in individual capacity
Wealth..Another Awesome video Thanks Much Love ❤❤❤
Infinite Wealth..$$🌄🌄
We are from Ukraine, I am grateful for your support of Ukraine
If I had any wealth. I dam sure would not be watching youtube .
Good morning Alux