15 Wealth Killing Mistakes Parents Make

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  • Опубліковано 16 жов 2024

КОМЕНТАРІ • 267

  • @alux
    @alux  2 місяці тому +3

    Hello ALUXERS! With one of these mistakes you think you can avoid making?
    Have you downloaded the ALUX App yet? alux.com/app
    Have a look at our premium courses: courses.alux.com

    • @SantanaCampbell
      @SantanaCampbell 2 місяці тому

      My parents got my bank account opened when I was 5 MONTHS old!

  • @JohnMichael007
    @JohnMichael007 2 місяці тому +40

    The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.

    • @TeresaGloria632
      @TeresaGloria632 2 місяці тому

      Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.

    • @ElijahWayne5
      @ElijahWayne5 2 місяці тому +1

      It is remarkable how much long term
      advantage people like us have gotten by trying to be consistently not stupid,
      instead of trying to be very intelligent.

    • @ZahidTaimoor95
      @ZahidTaimoor95 2 місяці тому

      The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.

    • @NoahWilliam824
      @NoahWilliam824 2 місяці тому

      Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.

    • @LucyAkira371
      @LucyAkira371 2 місяці тому

      The greatest technique for beginners is to trade with the supervision of an expert.

  • @Russelbobby45
    @Russelbobby45 2 місяці тому +31

    *I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*

    • @LanceMclendon
      @LanceMclendon 2 місяці тому

      The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.

    • @KaylaAlexis.
      @KaylaAlexis. 2 місяці тому

      People dismiss the importance of advisors until they are burned by their own emotions.
      I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. He has helped me raise my reserve from $275k to $850k, despite inflation.

    • @johnwilliam8061
      @johnwilliam8061 2 місяці тому

      Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.

    • @tommywilliams5525
      @tommywilliams5525 2 місяці тому

      How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

    • @ElijahWayne5
      @ElijahWayne5 2 місяці тому

      Haven't you heard about MICHAEL T ABAGNALE?

  • @terrymarv
    @terrymarv 2 місяці тому +119

    Paper trading is a starting point but it does not nearly compare to how your psychology works when it’s your actual money on the line, and real money to be earned

    • @ericksdhaniel
      @ericksdhaniel 2 місяці тому

      I am sick. Last month and this month have been negative for me. About $80k so far. I have watched every trade I take go down!!! Seems almost impossible to secure profits and the worst part is that many of this online tutorials don't always cut it.

    • @adamsalbert3477
      @adamsalbert3477 2 місяці тому

      Managing emotions and resilience are key to trading. Perhaps you are right most of these UA-cam vids and indicators often contradict each other, but I've come to find out that a lot of what these professionals excel at is pattern recognition. The more experience you have the more you are likely to notice all these nuances that an amateur don't stand a chance at noticing therefore increasing your chances of scoring winning trades.

    • @ryanmoulds5252
      @ryanmoulds5252 2 місяці тому

      My problem is I started so good I thought I was invincible. Made over 290% and thought I was just some genius lol, now my sorry ass is being humbled big time and I've realized I was much more lucky than smart. Trading is bananas

    • @terrymarv
      @terrymarv 2 місяці тому

      Yes, absolutely. This stuff isn't easy but it's possible with the right information and mindset... I am opportune to have pro guidance and I am up about half a million since October 2023 following her system!

    • @juliawalter5252
      @juliawalter5252 2 місяці тому

      sounds ideal. A more conservative, strategic approach to trading makes sense. Would you be comfortable sharing info of your advisor? If you don't mind me asking

  • @gojosgirl6487
    @gojosgirl6487 2 місяці тому +4

    I would also add "asking your children for money" because its extremely frustrating when you're trying to reach your financial goals but you have that one parent who constantly asks for your money (and even think they're entitled to it) because they can't manage their own and are constantly broke. Especially when you don't even MAKE that much, but we need to "help each other out." Thats the biggest way to stay broke right there with them, that pack mentality of everybody staying poor together

  • @BasementBerean
    @BasementBerean 2 місяці тому +27

    My father was all about getting the cheapest services he could find. He hired the cheap car paint place that messed up the paint on his car. He hired the "guy down the block" to steam clean his car engine, and got the alternator destroyed. He hired the cheap, non-vetted house drainage guy, and got a faulty foundation drainage system for his house. He hired the sketchy landscaper and got his entire yard destroyed. He never learned.

    • @directorchris2
      @directorchris2 2 місяці тому +1

      Thys The Icon

    • @piku8700
      @piku8700 2 місяці тому +4

      Same here
      My father always looked for the cheapest service possible so almost all the stuff in our house are broken

    • @BasementBerean
      @BasementBerean 2 місяці тому +2

      @@piku8700 😂

    • @maximhollandnederlandthene7640
      @maximhollandnederlandthene7640 2 місяці тому +3

      To dont pay the top prize is ok but things need knowledge, research, comparing and action/result.

    • @piku8700
      @piku8700 2 місяці тому +2

      @@maximhollandnederlandthene7640 when "saving money" is the top priority then research, knowledge, action, comparison happens according to that

  • @CullenClark-5
    @CullenClark-5 Місяць тому +25

    These billionaires which I am not one of them but they worked hard getting where they are they did not need to use this superstition that video talks about to become a billionaires they have all kinds of antiques, heirlooms and many clothes that they don't wear anymore and it doesn't stop being rich they work hard they know where to invest their money in and what kind of strategy to use to make themselves rich so don't need to do this false teachings says to do.

    • @EdenHart945
      @EdenHart945 Місяць тому

      It is not intended to be simple. It is foolish to find anything easy.

    • @ElijahWayne5
      @ElijahWayne5 Місяць тому

      The investor's goal is to seek value in a way that minimizes risk and maximizes reward.

    • @GeorgiaGigi859
      @GeorgiaGigi859 Місяць тому

      That is fantastic! I'm eager to start investing even though I have no experience with it. Which tactics do you use?

    • @JudeKane497
      @JudeKane497 Місяць тому

      Until their own emotions burn them, people downplay the value of counsel. A few summers back, after a protracted divorce, I needed a big push to help my firm survive. I searched for consultants with the right credentials and found the most qualified one. Despite inflation, he assisted me in increasing my reserve from $275k to $850k.

    • @BennettBodhi
      @BennettBodhi Місяць тому

      By hiring a financial counselor, you can increase your chances of making money in the stock market.

  • @Caterinavasile
    @Caterinavasile 2 місяці тому +36

    Fantastic video! I have incurred so much losses trading on my own.... I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??

    • @HaroldCarl893
      @HaroldCarl893 2 місяці тому

      Same here, my portfolio has been going down the drain while I try trading,I just don't know what I do wrong..

    • @lucyaudrey18
      @lucyaudrey18 2 місяці тому

      Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.

    • @williealbert3040
      @williealbert3040 2 місяці тому

      ​I think l'm blessed if not I wouldn't have met someone who is as spectacular as expert mrs Fenella..
      Highly recommended

    • @owenalcott
      @owenalcott 2 місяці тому

      Wow, I'm surprised to see Fenella mentioned here as well. I didn't know she had been kind to so many people

    • @IngridEmbla
      @IngridEmbla 2 місяці тому

      ​I'm also a huge beneficiary of her..
      I thought myself and my family were
      the only ones enjoying Fenella
      trade benefits

  • @AlessiaOrtiz
    @AlessiaOrtiz 2 місяці тому +3

    *SEARCH*

  • @reckszkingzactivitiesrkat.4134
    @reckszkingzactivitiesrkat.4134 2 місяці тому +2

    Facts spoken as usual ✅
    Many of us in life come from a family or parents who have a "Broke Mindset" & it is up to you alone if you come from such backgrounds to MOVE AWAY FROM ALL OF THAT NONSENSE! #ALUXER

  • @johnathansteve6148
    @johnathansteve6148 2 місяці тому +4

    I started investing in the stock market because of dividends. What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can pass that on to your children, giving them a head start in life. I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.

    • @kimkind603
      @kimkind603 2 місяці тому

      Informative and useful content am definitely going to try using his strategy

  • @teenindustry
    @teenindustry 2 місяці тому +35

    Actually no 1 is wrong. I worked in banking for years. I did ok but was not happy and did not rise as far as I could because I didn’t care. I went back to do social work, not a traditionally high payer but now earn a lot more than I imagined because I’m great at it and I started my own business as a result. It’s hard work but worth doing

    • @robinmahan101
      @robinmahan101 2 місяці тому +1

      🎯🎯🎯

    • @Jason_the_Ruler
      @Jason_the_Ruler 2 місяці тому +3

      That might work for you, but not for everyone else though

    • @luckyloonie1359
      @luckyloonie1359 2 місяці тому +1

      I wish I was a bankster & also work in investment banking for a bottomless wallet💰... Just want to get CRA💸 off the back of working class...#TDBank🌎💘💰

    • @teenindustry
      @teenindustry 2 місяці тому

      @@Jason_the_Ruler maybe not specifically but more than you would think. If I had a kid who was a really talented artist I might encourage them to pursue that but look at other income streams. Like being an art teacher which is a solid middle class income and investing early so that they can cut their teaching hours to do more studio work. Lots of things work if you compromise a little

  • @jamesmakume2630
    @jamesmakume2630 2 місяці тому +2

    Key take away: unless you have finances all figured out and then some, don't have kids.

  • @GIVEN_U
    @GIVEN_U 2 місяці тому +4

    Wow!
    Point number 16 hit really hard. "Your child's financial financial freedom starts with you '. How true!!
    Thank you Alux

  • @chrisgayle1623
    @chrisgayle1623 2 місяці тому +6

    You know an alux video is good when it touches a nerve and you feel the need to make a change.

  • @luckyloonie1359
    @luckyloonie1359 2 місяці тому +1

    I wish I was a bankster & also work in investment banking for a bottomless wallet💰... Just want to get CRA💸 off the back of working class...#TDBank🌎💘💰

  • @maximhollandnederlandthene7640
    @maximhollandnederlandthene7640 2 місяці тому +4

    Next: 10. Most important things to teach children.
    1. Dont trust anything.
    2. All things are not as it looks like.
    3. Trust your guts.
    4. Take time with important decisions, dont do when it has no use or doesnt feel good.
    5. Look for your talents and use them.
    6. Change things that make your life miserable, use and look for better options.
    7. Work smart instead of hard.
    8.
    9.
    10.
    Whats more ...........

  • @piku8700
    @piku8700 2 місяці тому +4

    All of these mistakes are made by my parents
    Thanks for making us aware of this....🙏

  • @somerandomfella
    @somerandomfella 2 місяці тому +2

    My parents always pushed me to study hard yet were too tight to even buy me school books, stationery or shoes.

    • @chanjusanga133
      @chanjusanga133 2 місяці тому

      Same this side hated it dropped out learnt. A lot out of school still learning

  • @iamanovercomer3253
    @iamanovercomer3253 2 місяці тому +1

    Ai sucks ‼️👍 turn off the video

  • @jamiethompson7674
    @jamiethompson7674 Місяць тому

    FULL STEAM AHEAD

  • @atsukitokunaga
    @atsukitokunaga 2 місяці тому +1

    Normally i don't do this, I don't praise people for any reason truth be told good works deserves appreciation, l won't deny the fact that I'm super jealous of your hard work and skill on cryptocurrencies trading. I'm proud of you and what you've done in my life , we need more people like you Mr Thomas rodriguez 💯

  • @evanlam963
    @evanlam963 2 місяці тому +2

    Expecting my first shout in October, so I’ve been trying to learn a lot about how to teach my kids about money and finance, you should make more of these.

  • @Its_me12759
    @Its_me12759 2 місяці тому +3

    Love from India .....

  • @leonmabunda7568
    @leonmabunda7568 2 місяці тому +2

    Alux prepping me for parenthood lol

  • @colinchandler6516
    @colinchandler6516 2 місяці тому +1

    learned alot as usual

  • @darkvader125
    @darkvader125 2 місяці тому

    yes you are right here my parents never talked about money and now they tell me to make money always taught about respect and all which does not amtgter now i am 26 and soon will be 27 and learning all thse in my late 20s is harsh

  • @danielcarvalho1453
    @danielcarvalho1453 2 місяці тому

    16: having kids

  • @chanjusanga133
    @chanjusanga133 2 місяці тому

    🇲🇼

  • @1st-qt9ce
    @1st-qt9ce 2 місяці тому

    These last couple of episodes have provided great direction/information. Thank you Alux.

  • @teenindustry
    @teenindustry 2 місяці тому

    The bonus is so right. My parents gave me a great start and it was such a huge privilege . I got an excellent education, has the safety net to retrain and got a lot of help to build wealth. I’m so grateful

  • @maximhollandnederlandthene7640
    @maximhollandnederlandthene7640 2 місяці тому +1

    Finances and relationships should be part of home education.
    Already from age 9 or10.
    At school they dont learn about that.

  • @crepinsterve4212
    @crepinsterve4212 2 місяці тому

    The bonus is the most important point. Once your own foundation is solid, it's difficult for you to pass on a negative financial mindset

  • @LevyPatrick-nz1tn
    @LevyPatrick-nz1tn 2 місяці тому +1

    Much love 😍 Zambia🇿🇲

    • @chanjusanga133
      @chanjusanga133 2 місяці тому

      Neighbor I'm from malawi been here for years

  • @mtibo212
    @mtibo212 2 місяці тому +1

    First commenter

  • @spoodermen2530
    @spoodermen2530 2 місяці тому

    1. Having children
    2. Getting married / having a gf

  • @KarenChaney-h9j
    @KarenChaney-h9j 2 місяці тому

    But alux Karen forestparkga mental mindset about teaching kids about money 💰 Yes jobs part time job for teens not younger kids need to learn to see life all above okay

  • @colinchandler6516
    @colinchandler6516 2 місяці тому

    great video

  • @colinchandler6516
    @colinchandler6516 2 місяці тому

    thanks again

  • @user-es9fs9jo6j
    @user-es9fs9jo6j 2 місяці тому

    Smart, Great advice 👍

  • @colinchandler6516
    @colinchandler6516 2 місяці тому

    I love you

  • @kaylasunshine5407
    @kaylasunshine5407 2 місяці тому

    ❤❤ this is great.

  • @JSFGuy
    @JSFGuy 2 місяці тому

    Not loading.

  • @Samsons121
    @Samsons121 2 місяці тому

    ❤😊

  • @javaidak4204
    @javaidak4204 2 місяці тому

    🎉 agree 👍 with you,my darling friend ❣️❤❤❤

  • @mohibquadri4053
    @mohibquadri4053 2 місяці тому

    one question which always came in my mind is - How can an individual play an important or outstanding role in making his company a top player in market lets say an engineering construction company.. what are contributions which can lead to faster growth of company from an employees perspective who wish to skyrocket his own career path also in the journey.. which books would be essential around this topic...

  • @huzsh1845
    @huzsh1845 2 місяці тому

    What I hate about this, is that this wasn't needed 50, 100, 150 years ago. It shows that life is too expensive and we shouldn't stand for that.
    Don't take the advice from this video. Absolute nonsense.

  • @colinchandler6516
    @colinchandler6516 2 місяці тому

    thank you

  • @aaronaustrie
    @aaronaustrie 2 місяці тому

    Great vid!

  • @ianfeuerhake1859
    @ianfeuerhake1859 2 місяці тому

    Excessive traveling, and trips to disney