15 Steps To NEVER BE POOR Again

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  • čas přidán 26. 06. 2024
  • ~ Anyone can get rich, the hard part is figuring out how to never be poor again! ~
    SUBSCRIBE to ALUX: / @alux
    15 Steps to Force Your Way Out of Poverty: • 15 Steps to Force Your...
    www.alux.com/out-of-poverty/
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    Thanks to our friends at Audible!
    Disclaimer: signing up for Audible will result in financial compensation towards Alux Inc at no additional cost to you, the consumer.
    In this Alux.com video we will be answering the following questions:
    How can I stop being poor?
    Why do poor stay poor?
    How do you become rich if you are poor?
    Can I live life without a job?
    How do I get rich?
    Which age group has the lowest levels of poverty?
    Is poverty a trap?
    Is poverty inherited?
    How can I get rich overnight?
    Who is the richest woman in the world right now?
    How can I be a billionaire?
    How can I live my life without working?
    How can I survive with no income?
    Why you should never get a job?
    Will poverty ever end?
    How can we break the cycle of poverty?
    How can we stop poverty trap?
    What to do if you have no money?
    How can u tell if someone is poor?
    How can I live a rich life?
    How can I become a millionaire in a year?
    What jobs can make you rich?
    How can I get rich in 5 years?
    How can I get rich overnight?
    What careers do most millionaires have?
    How can I get rich in my 20s?
    How can I become rich from nothing?
    How can I get rich quick?
    How can I be a millionaire?
    Who is the fastest billionaire?
    Who is the poorest famous person?
    How can I become poor?
    What should I invest 50k in?
    How can I get rich at 25?
    Can you get rich from stocks?
    How can I become a millionaire in 3 months?
    Where do millionaires put their money?
    00:00 - Intro
    01:05 - Decide that you will never be poor again
    01:54 - Break down your situation into what’s making you money and what is costing you money
    03:44 - Close down the money pits
    05:00 - Focus exclusively on increasing income
    06:30 - Incorporate
    08:00 - Pay yourself first
    09:05 - Acquire, create or build your first asset that makes money while you sleep
    10:32 - Use your work money to improve and solidify the income-generating asset
    11:37 - Save money by investing in easy to liquidate assets that also increase in value
    13:12 - Make investing in yourself a priority
    15:18 - Your effort pays for assets and the assets pay for your pleasure
    16:30 - Find opportunities that pay for themselves
    17:42 - Reinvest all your profits to accelerate wealth creation
    18:57 - Do not improve your lifestyle in proportion to your earnings
    20:00 - Repeat everything until your assets outearn your spending 3 to 1
    21:41 - Question
    -
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Komentáře • 2,2K

  • @alux
    @alux  Před 3 lety +94

    Hello Aluxers! Which of these steps do you find most difficult?
    FROM POVERTY TO WEALTH: czcams.com/play/PLP35LyTOQVIvm7rWOLNGs2YNb_ozB1Dv7.html
    Steps to reinvent yourself: czcams.com/video/pAX7yi7c9KY/video.html
    Things Poor people Don't know about money: czcams.com/video/_JNLn2Kf_tA/video.html
    15 Steps to Force Your Way Out of Poverty: czcams.com/video/C46bWKuqbVU/video.html

    • @kiasfansuri5532
      @kiasfansuri5532 Před 3 lety +1

      Please open english subtitle 😅🙏🏼🙏🏼

    • @anthonyllido9720
      @anthonyllido9720 Před 3 lety +3

      But for those unemployed.. how to do this 2:45
      Very informative video but how?🙏

    • @kevinbaltarejo4875
      @kevinbaltarejo4875 Před 3 lety +1

      Change! Yes! Change, please. Not sameness. That makes life boring as shit.

    • @TheWealthBuildingJourney
      @TheWealthBuildingJourney Před 3 lety +1

      Taking the "leap into the unknown" by starting a business, and specifically a business that involves (or requires, as in the case of the SEC for stocks) an intermediary to make arbitrage on every bought and sold asset in a market.

    • @omar7ryzon
      @omar7ryzon Před 3 lety +1

      Hello Alux family is there a site where I can find more information about how to reinvest and not pay taxes for my business like Amazon thank you in advance

  • @victordelevy15021989
    @victordelevy15021989 Před rokem +54

    First of all, thanks for all the amazing content. I’ve been listening to Alux for years now. So now I wanna share a quick story: two to three years ago I was 30, in a developing country, doing pretty well: had my own new car totally paid, no loans, no debt, a good amount of money invested in the stock market, passive income from real estate, a small business with low fixed costs, working out everyday, no distractions, studying, etc - and all of that just 4 years after a major financial crisis in my country. Then covid happened - government shut down everyone’s business, costs were still there. Decided to move to a different country, spent tons of cash, put my business in the hands of two managers who didn’t do well to say the least, had to use my crypto and stock investments to cover living costs, and now I’m working 12 hours a day on my own business and other peoples businesses to try and come back to my previews life. All of that due to poor planning and believing that crisis and government will never try to destroy you. I’ll be back soon - life is great and God’s grace is big. But don’t fall on this trap: never let go of your investments, always build passive income, understand that the government is not there to help and work hard. Don’t buy stuff you don’t need and don’t do stuff just with passion, but with proper planning. God bless you all.

    • @ssbarchive_
      @ssbarchive_ Před rokem +1

      I love this. By the way, what has this taught you as you look towards the futures again in terms of eventually economic crisis

    • @lamonthamilton667
      @lamonthamilton667 Před rokem

      Thank you for letting God have some credit.

  • @studyspirit5465
    @studyspirit5465 Před 3 lety +98

    15 ways to never be poor again:-
    1. Decide that you will never be poor again
    2.breakdown your situation into what's making you money and what's costing you money
    3.close down the money pits
    4.focus exclusively on increasing income
    5.incorporate-start a business, real estate etc
    6. pay yourself first
    7. Acquire or build assets that make u money while you're sleeping
    8. Use your work money to improve and solidify the income generating asset
    9. Save money by investing in easy to liquidate assets that also increase in value i.e save to fund the opportunities that come arise
    10. Invest in yourself
    11. Your Effort pays your assets and assets pay your pleasure
    12. Find opportunities that pay for themselves
    13. Reinvest to increase wealth and skip tax
    14. Don't flex until you hv achieved it ( keep on increasing the goal )
    15. Repeat these steps until you hv achieved it taks 3 yrs for poor to be middle class and 7 yrs for middle class to wealthy
    Bonus. Go where you are treated best

  • @DAV_B
    @DAV_B Před rokem +169

    When you read articles about financial freedom, you may hear people drone on and on about how they are spending practically nothing so they can retire at a younger age, like 30. Conversely, they may have already achieved financial freedom and are bragging about how frugal they were so they could retire well before the typical retirement age.

    • @Smith.ash2
      @Smith.ash2 Před rokem +4

      Planning for retirement, or even financial freedom, is a marathon and not a sprint, as the saying goes. Breaking up your financial independence goals into small chunks can help keep you on track while making the process a bit more manageable and, hopefully, a little less stressful. Even if you are starting small, the important thing is to get started.
      Investment creates a safe haven for the future, Everyone needs it so you don't go bankrupt when you stop working

    • @Bella.Grasso
      @Bella.Grasso Před rokem

    • @Matteo-tg2vc
      @Matteo-tg2vc Před rokem

      Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.

    • @Smith.ash2
      @Smith.ash2 Před rokem +3

      I don't do recommendations, I only invest make my profit and mind my business but i would do it for one reason and that's for the betterment of everyone.

    • @Smith.ash2
      @Smith.ash2 Před rokem +4

      INSTAGRAM

  • @lornafernandez2274
    @lornafernandez2274 Před 2 lety +21

    Change.
    "IF SOMEONE TREATS YOU POORLY, YOU DON’T BOW YOUR HEAD AND ACCEPT IT, YOU GET UP AND LEAVE". This is like a wake up call in my current work life. Thank you Alux.

  • @JessTheInvestor
    @JessTheInvestor Před 2 lety +5

    1. Decide you will never be poor
    2. Write down your assets and liabilities, and try to get your assets to outweigh your liabilities.
    3. Close down the money pits: example: negative debt; you need to BOTH reduce expenses and increase income
    4. Focus exclusively on increasing income through volume, specialization: the more you learn, the more you earn, horizontal: upsale.
    5. Incorporate: set up LLC, own something that increases in value over time;
    6. Pay yourself first, it should go to investments. Have wealth creation on autopilot.
    7. Build an asset that helps you make money while you sleep. The easiest way to do it is through real estate. Publish a book. E-commerce store.
    8. Use your work income to improve your cash flow generating asset. Do not spread yourself too thin. Don’t over diversify too quick.
    9. Build opportunity fund/savings. Opportunities don’t care who you are, they just are. Park it in Robinhood, Revolut, etc.
    10. Make investing in yourself a priority.

  • @vapeking466
    @vapeking466 Před 3 lety +109

    You can be rich working for someone else. My father did it by getting a good job with the natural gas company staying their 35yrs. He was tight with his money and invested it in the stock markets. He did live in apartments until he was 40 but by then he had enough to buy his first home cash in full. Couple years later he bought his first brand new car. Even though he had money he never blew it. Nobody knew just how well off he was until he passed a couple years ago with over two million dollars plus his paid for fully custom built home and his car and truck both paid for. He never ever bought anything on credit . Now obviously having your own business may be ideal but don't think it's the only way.

    • @varunemani
      @varunemani Před 3 lety +4

      🍷Point taken.. 👍

    • @lindaweedmark6025
      @lindaweedmark6025 Před 3 lety +4

      You're rich if you have your loved ones. Also I noticed that say you have a dog - that could be considered a money pit, but at the same time, it is worth it!

    • @subramanyagsubbu
      @subramanyagsubbu Před 3 lety +10

      Getting rich is nothing but serving people and solving their problems..

    • @CanonY
      @CanonY Před 3 lety +17

      If he invested in stock markets then by definition he owned parts of businesses.

    • @ahalpert
      @ahalpert Před 3 lety +8

      It's impossible to have that kinda job nowadays. Wages r just too low. In the past minimum wage was enough for one man to support an entire family. Now u can work for several corporations and not even have adequate healthcare.

  • @patienceoluchi5134
    @patienceoluchi5134 Před 2 lety +44

    Most people venture into crypto to be a millionaire, meanwhile, I just want to be debt free

    • @lioneltheophilus2151
      @lioneltheophilus2151 Před 2 lety +6

      That's very practical and smart goal, a wise man once said do everything you can to get outta debt, one of his tips to getting rich

    • @kelvinmcdonald5113
      @kelvinmcdonald5113 Před 2 lety +1

      Just do the right thing, by trading with an expert, I trust me you will be a millionaire and debt free

    • @lindapoplin7150
      @lindapoplin7150 Před 2 lety +1

      You don't make money on forex or crypto by holding your coins rather you trade to make gain.

    • @dannysamuel4056
      @dannysamuel4056 Před 2 lety

      When you invest in crypto you are buying a day you don't need to work.

    • @lukeben1596
      @lukeben1596 Před 2 lety

      Now is the best time to purchase and invest in bitcoin, stop procrastinating

  • @airongailmontealegre4561
    @airongailmontealegre4561 Před 3 lety +55

    I literally watch this for hours. I need to absorb every bit of knowledge from it.

  • @michellec4455
    @michellec4455 Před 3 lety +44

    CHANGE🌟 Loved this video! My biggest takeaway was the timeline that you offered revealing that it takes 3 years to move from "poor" to "middle class" and then another 7 years to move from "middle class" to "financially free". This little nugget of information helps me to not be so hard on myself and to maintain a bird's-eye view on my progress. Thanks Alux😉🏆

    • @istvanpraha
      @istvanpraha Před 3 lety +3

      I would love a video on people sharing on their timeline, it's so intriguing to me. I am about to turn 40 and am obsessed with increasing my wealth and love to hear stories of how much people had at so and so age and at what age they felt financially free, how much dividends they got at so and so age, etc.

    • @michellec4455
      @michellec4455 Před 3 lety +2

      @@istvanpraha I've decided to start a journal - mapping my status out from one year to the next in 6-month increments. Since I started a new life in a new city one year ago (January, 2020), I'm starting my year-to-year comparison from that point. I've accomplished a lot since then, including renovating my apartment, starting my online business and building savings. These accomplishments are my first entries. My next entries will be in 6 months from now after I have implented the next round of changes intended to serve as the foundational elements of my long-term wealth-building strategy💎👸🏾.

  • @ricprado3581
    @ricprado3581 Před 2 lety +12

    CHANGE! This was actually very motivating. A few months back I started up a small business. I worked my butt off to get the funds at a job I hate but it pays better than most places for a blue collar worker. Sadly it failed and I have to work my way way back up again and it kills me to know I have to keep at it here BUT the experience was invaluable and I know I can’t give up 😣😤 I’m doing things smarter this time around investing instead of saving and learning more as I go. Moral of the story sometimes you gotta roll with the punches bite the bullet watever but HANG in there! You will get there with determination and hard work!

    • @alux
      @alux  Před 2 lety +1

      Best of luck Chungus

  • @gerrimiller3491
    @gerrimiller3491 Před 3 lety +10

    Growing up was challenging but i was very grateful for what my parents could provide for me. However, at 15 years old i refused to be substandard and low in financial gains so i prayed to God and claimed that i would be fruitfully abundant so i would never have to ask anyone for anything. God granted my request. Now, i can bless those whom are most in need

  • @MkhululiKhumalo-kh2jl

    I shall never be poor again
    i shall never be broke again
    i shall never be lazy again
    I shall never be ignorant again
    I shall never be stupid again
    I shall never be dumb again
    I shall never be a fool again
    I rise
    I shine
    I conquer
    I succeed
    I fly
    I win
    I am powerful
    I am mighty
    I am wealthy
    I am healthy
    I am great
    I am rich
    I am abundant
    I am prosperous
    I am victorious
    I am invincible
    I am godly
    I am graceful
    I am grateful
    IN THE NAME OF MY ANCESTORS, WHOM I LOVE ASHE.
    I PRAY WE ALL FIND FINANCIAL FREEDOM IN GOOD POSITVE WAYS
    MAY WE CONTINUE INCREASING AND RECIEVEING AND EANING OUR GIFTS AND BLESSINGS...MOK'BE KUHLE.

  • @thomasthorne4010
    @thomasthorne4010 Před 3 lety +40

    I have only 3 steps:
    1. Pay
    2. Yourself
    3. First

  • @mgtow6683
    @mgtow6683 Před 3 lety +210

    My tips to avoid poverty: Invest in a good education, read more, avoid drugs & those who use them, marry after 30 if you must, pay off debt ASAP, study wealth & investing, learn to live frugal, max out 401 K at work, don't smoke, save $1000 for emergency fund, contribute the max to a IRA Roth every year, listen to positive success audio books while driving & working out, hang out with other positive successful people, make a plan to be wealthy, take good care of your health.

    • @goldenstatestacker4839
      @goldenstatestacker4839 Před 3 lety +22

      Agree with everything although 1k emergency fund isn’t enough in my opinion especially after the way the world has gone the last 12 months. 6 months to a year of expenses if possible is an awesome cushion

    • @AbuYks
      @AbuYks Před 3 lety +2

      Thank you

    • @DSanchez0424
      @DSanchez0424 Před 3 lety

      🙏🙏🙏

    • @patrinajackson4533
      @patrinajackson4533 Před 3 lety +5

      Amen !! Read Wallstreet's is one the best finance tool.

    • @humbleguy2010
      @humbleguy2010 Před 3 lety +3

      Exactly!!! This is the way.

  • @Laura_Coppernoll
    @Laura_Coppernoll Před 3 lety +42

    Born an investor, always an investor I don't know who needs to hear this but stop saving all your money. Invest some of it if you want financial freedom.

    • @ydevial3135
      @ydevial3135 Před 3 lety +4

      Invest in bitcoin, gold, silver, buy stocks, forex market. Anything! Just invest and save yourself.

    • @henrylouis266
      @henrylouis266 Před 3 lety

      @Andrew paulson Sir this is 2021, people who aren't even traders makes money from the stock, Crypto and forex markets

    • @valentinojames4456
      @valentinojames4456 Před 3 lety

      There are platform where you can invest and they trade your money. Then pay you profit either weekly or monthly. That's investing.

    • @verawilliams5259
      @verawilliams5259 Před 3 lety

      That's cool

    • @alexscott3578
      @alexscott3578 Před 3 lety

      Yeah I've been trading with Mr Buffett when I was still a student, he really went a long way to to help me pay my tuition

  • @CerebralTombstone
    @CerebralTombstone Před 3 lety +13

    I needed to hear number 11. Even though I’ve come a long way in the last year, I have an unfortunate habit of spending too much on takeout. I don’t have enough passive income for that! Thanks for reminding me!

  • @patrinajackson4533
    @patrinajackson4533 Před 3 lety +72

    I agree with Alux Staff distance yourself from toxic individuals friend, family 👪 members or bad relationship. Is not healthy to been in a bad relationships.

    • @OrangePony75
      @OrangePony75 Před 3 lety

      Amen to that. My “money pit” was my last GF. No more.

    • @lindageorge3751
      @lindageorge3751 Před 3 lety

      W.H.A.T.S.A.P.P
      +.4.4.7.8.6.2..0.9.7.9.3.6💯💯💯💯

    • @lindageorge3751
      @lindageorge3751 Před 3 lety

      Link up with James Elton💯💯

    • @lindaweedmark6025
      @lindaweedmark6025 Před 3 lety

      I lost some treasured time with not toxic ones, in order to get away from the toxic, and it can continue to happen if I get too fed up to put up with things. I'm digging my heels in, sorry. It isn't fun but it's necessary. Kind of a personal long game but with human hearts instead of money!

    • @RedEyeification
      @RedEyeification Před 2 lety

      Good or Bad are relative notions.

  • @MrKevMan
    @MrKevMan Před 3 lety +40

    It took me 30 years to get where I am today, and it's only getting better.

    • @lindageorge3751
      @lindageorge3751 Před 3 lety

      Link up with James Elton💯💯💯

    • @LifeOdysseyMotivation
      @LifeOdysseyMotivation Před 3 lety

      What did you do?

    • @MrKevMan
      @MrKevMan Před 3 lety +2

      @@LifeOdysseyMotivation I wrote a budget out and tracked all of my money coming in and all my money coming out. I stopped watching tv. I started investing in stocks and cryptocurrency. I opened a business 4 years ago and every time I run into an obstacle I expand.

    • @LifeOdysseyMotivation
      @LifeOdysseyMotivation Před 3 lety

      @@MrKevMan WOW! GREAT! What kind of business did you open 4 years ago?

    • @MrKevMan
      @MrKevMan Před 3 lety +2

      @@LifeOdysseyMotivation Nunya business. Just kidding. I own a hot sauce business. Two years ago, the kitchen I was renting was heavily damaged by storms and I couldn't use it anymore. So I mortgaged my house and bought a small building to convert into my kitchen. Last year, crop failures, so I partnered up with a grower to help me out. I'm still very small, but this year will be my biggest ever.

  • @garysimpson7326
    @garysimpson7326 Před 3 lety +5

    Step 6, Pay Yourself First. This is the starting point in "The Richest Man in Babylon".

  • @techcorner2024
    @techcorner2024 Před 3 lety +10

    CHANGE
    I really appreciate this particular video. Nobody has ever had the time to put this up in such a simple to follow steps. Thank you Alux

  • @saiprasaddvd
    @saiprasaddvd Před 3 lety +25

    CHANGE. I'm earning 40% more than the last year...bcaz of you ALUX.
    Your video are so valuable.

  • @fritskila8783
    @fritskila8783 Před 3 lety +25

    I will never be poor anymore, CHANGE FRITS
    I'll back 5 years later. Promise

  • @joseyvaldez5417
    @joseyvaldez5417 Před 3 lety +12

    🌹🌹Change for the better in oneself is the best and highest choice a person can make, Amen.🌹🍹🌹🍹🌹🍹🌹🍹🌹🍹🌹

  • @naveenkumarsuman505
    @naveenkumarsuman505 Před 3 lety +9

    CHANGE
    One of the most valuable videos for me. Today it's the 3rd time I listened to this video, as I felt I was getting deviated from my path during the last 2 weeks. Currently, I'm at step 3 and step 4, and working hard to move onto the ladder.

  • @cryptoflippodcast
    @cryptoflippodcast Před 3 lety +32

    *Who else is grinding on the weekends*
    *To make sure they're rich in 2021* ❤️❤️

  • @michaelbraun5074
    @michaelbraun5074 Před 3 lety +51

    The voice with the background music, great visualization technique if implemented the correct way. Great job Alux!

    • @zp7741
      @zp7741 Před 3 lety +1

      Somebody's late to the alux game

  • @joe-zf7fx
    @joe-zf7fx Před rokem

    Change everything you are
    And everything you were
    Your number has been called
    Fights and battles have begun
    Revenge will surely come
    Your hard times are ahead
    Best, you've got to be the best
    You've got to change the world
    And use this chance to be heard
    Your time is now (Your time is now)
    Change everything you are
    And everything you were
    Your number has been called
    Fights and battles have begun
    Revenge will surely come
    Your hard times are ahead
    Best, you've got to be the best
    You've got to change the world
    And use this chance to be heard
    Your time is now (Your time is now)
    Don't let yourself down
    Don't let yourself go
    Your last chance has arrived
    Best, you've got to be the best
    You've got to be the best
    You've got to change the world
    And use this chance to be heard
    Your time is now (Your time is now)
    Butterflies and hurricanes by Muse
    Couldn’t resist

  • @AH2HYPE
    @AH2HYPE Před 2 lety +2

    Change. Saving the opportunity cost is the most challenging. I found the nugget about the 10 year time frame extremely helpful - I'm focused. I did the due diligence on 2 franchises you highlighted and got into HBS, but can't afford either...yet.

  • @theprimest
    @theprimest Před 3 lety +22

    If you're reading this you have the potential to create great things. Yes. You.

    • @djjlc
      @djjlc Před 3 lety

      Yes we do and we are going to use that potential to destroy this system

    • @kevinbaltarejo4875
      @kevinbaltarejo4875 Před 3 lety

      @Alux. Com Scam.

  • @SuccessAdvicechannel
    @SuccessAdvicechannel Před 3 lety +106

    To Anyone Reading To This, You're Bigger Than Your Obstacles, Keep Pushing Toward Success, God Has Believe In You, You Are A Champion !!!

  • @nk2759
    @nk2759 Před rokem +6

    ⭐Today whatever I am it's because of ALUX❤️
    Love 💞 from India

  • @mrt2734
    @mrt2734 Před 3 lety +4

    Having a wealthy subconscious mind means a lot. The more you put thoughts in your subconscious mind, it plays out in society. Saving is vital, it doesn't matter if you have hundreds of dollars, thousands of dollars, Millions of dollars, billions of dollars, or Trillion of dollars. SAVE a portion.

  • @SuccessAdvicechannel
    @SuccessAdvicechannel Před 3 lety +14

    Their is nothing worse than wishing you could go back change something, But it's too late. Make sure to act on your institution now and never think twice about it.

  • @lawalmojisola8824
    @lawalmojisola8824 Před 3 lety +9

    I've listened to this video and others in this series every day since upload. I keep getting renewed mind each time.
    Can't be poor ... NOT IN THIS LIFE TIME!
    Thank you Alux!

  • @rensin7740
    @rensin7740 Před 3 lety

    Took the Alux quiz "Signs you are poor, middle class & rich.
    Results:
    Poor- Failed
    Middle class- Failed
    Rich- Failed
    But to my surprise, guess what?
    For me, Rich had the highest score 💃👑

  • @stratechproperties7903
    @stratechproperties7903 Před 3 lety +7

    Paying myself first is challenging for me.
    CHANGE

  • @WealthbuilderzTV
    @WealthbuilderzTV Před 3 lety +5

    I watch your videos sometimes to just remind myself that I'm great and need to let that shine. Thank you Alux

  • @pramodbhuti2168
    @pramodbhuti2168 Před 3 lety +12

    "CHANGE" IS NECESSARY IF YOU WANT TO GROW, keep changing and always growing... 🤝

  • @khaoulamoukasse3453
    @khaoulamoukasse3453 Před 3 lety +2

    I am listening to this inspirational video while being broke, waiting for my company to release my pendings, my situation pushes me more to do better, investing is really a life-saver

  • @kennethlipsey5992
    @kennethlipsey5992 Před 3 lety +5

    It’s hard to stop spending but learning from you guys is making it a lot easier! Thank you

  • @Lildizzle420
    @Lildizzle420 Před 3 lety +8

    Alux, you can only borrow 40% of your income with 20% down and then usually to qualify you have to live in the house or other wise you have to pay extra

    • @pinkpearlygirly
      @pinkpearlygirly Před 2 lety

      Seriously... Living in an unbearably expensive, high cost-of-living metropolitan area while working for a nonprofit because the work culture and benefits are way better for actual human beings is something I'm just not ready to ditch for a corporate salary. (Yet.) Entirely too much of my income HAS to go to rent, food, and only now that I'm working remotely 100% of the time have I noticed any extra money floating around that used to go to miscellaneous work expenses, work clothes, transit, etc. I don't know when I'll be able to meet Warren's model, though, if ever! Nice idea, though!

  • @sheenalee7602
    @sheenalee7602 Před 3 lety +8

    Thank you Alux for another valuable video. I have change so much in my life. I made the move to another state with more opportunities and I'm learning to invest my money because I want my money to work for me and not the other way around. I still alot to learn but I don't want to overwhelm myself. I want to continue to change my life for the better and never go back to the homelessness and not knowing where my next meal is coming from. Thank you, Alux ❤️

  • @withthegrey
    @withthegrey Před 3 lety +1

    CHANGE! That bonus one just gave me soooo much reassurance❤️. So grateful for this channel

  • @ndub4014
    @ndub4014 Před 3 lety +1

    I believe it was "if your assets can not pay for it, then back to work!"
    Thanks for the motivation Alux. Great food for thought or better yet work!
    Ch-Ch-Ch-Change!!

  • @mohammedzubair3193
    @mohammedzubair3193 Před 3 lety +101

    " Just because you have the Money doesn't mean you can afford it " this hit pretty hard.

  • @daydreamera8558
    @daydreamera8558 Před 3 lety +28

    I will be thanking this channel ONE SWEET DAY

  • @dominate101
    @dominate101 Před 2 lety +2

    This is a video you need to watch every day. Alux had changed my life.

  • @shubhangitayade816
    @shubhangitayade816 Před 2 lety +3

    Just want to take a moment and appriciate the quality of the content thank you so much for such a insightful and helpful knowledge

  • @gabriellacompany
    @gabriellacompany Před 3 lety +21

    Change! The most difficult is being patient 3 years then 7 years also the no flexing on haters 🙄 I now know I can not spend anything until I'm making 3 to 1

    • @BhanuTeja6
      @BhanuTeja6 Před 3 lety +1

      What is 3 to 1 i didn't get that ?

    • @gabriellacompany
      @gabriellacompany Před 3 lety +7

      @@BhanuTeja6 if I want to spend $500 on a liability my assets should be making me $1500

    • @olly2027
      @olly2027 Před 3 lety +1

      @@gabriellacompany good to know. Thank you.

    • @christophermorreall3454
      @christophermorreall3454 Před 3 lety +1

      @@BhanuTeja6 3 to 1 can also be you earned $1 and invested it to grow to $3

    • @BhanuTeja6
      @BhanuTeja6 Před 3 lety +1

      @@gabriellacompany Thank you :)

  • @WisdomWealth77
    @WisdomWealth77 Před 3 lety +21

    The more you learn, the more you earn.

  • @maximhollandnederlandthene7640

    Poverty has many factors.
    One can get poor in many ways.
    1. Marriage end to divorce that make you broke isn't it !?

  • @amanikanezamulume320
    @amanikanezamulume320 Před 2 lety +3

    Thank you Alux for this video, so powerful contents and advices.

  • @trusno7751
    @trusno7751 Před 3 lety +3

    Poverty Sucks....It's definitely an eye opener to not go back down that path, purely focused on success & becoming successful, by getting rid of all distractions...CHANGE...Thanks for the video Alux....-Trusno🖤🗡

  • @arnoldlambert94
    @arnoldlambert94 Před 3 lety +5

    Thanks Alux, and make for us a video on fears that limit people's success, at least many of us will appreciate it!

  • @bern1228
    @bern1228 Před 3 lety

    Change. #3, closing down the money pits. Specifically 2 sportcars and 2 motorcyles. They are mile stone rewards, for retirement and beating cancer twice. Bucket list items. Overly attached to them but they cost me thousands in repair and upgrades over the last few years. Lately rethinking the satisfaction of having them vs the costs of keeping them.

    • @bern1228
      @bern1228 Před 3 lety

      @@fixyourfinances6930 Will do.

  • @kratoscraken5614
    @kratoscraken5614 Před 3 lety +2

    10, 11and 14 are the best advice ever because life itself will show you how if you truly pay attention 👍 stay strong and help others along the way 👍🙏

  • @potofgold40
    @potofgold40 Před 3 lety +11

    I absolutely love your “straight no-chaser” approach to the life changing instructions that you bless us with on a daily basis. Thank you. CHANGE

  • @jjrj8568
    @jjrj8568 Před 3 lety +11

    1. Don't marry
    2.Never have children
    3.Don't spend money on overpriced stuff

  • @braziltokyoschool
    @braziltokyoschool Před 10 měsíci

    Wanna be multimillionaire or billionaire?
    1. Open a business and hire people to scale sales whatever you sell.
    2. When you earn cash, buy assets to don't lose it for inflation and to don't be taxed
    3. Earn a lot of money even if you won't save it because it'll give you a good credit score
    4. Leverage your money with bank's loan with lower interest by your assets
    5. Use that leverage money to buy more assets that can give you monthly cashflow
    6. Earn money tax free because you don't have money and never sell your assets.
    7. Don't work for money, use banks money then they'll pay income taxes of their money
    8. Cash is trash. Cashflow is king.

  • @michellenichols6514
    @michellenichols6514 Před 3 lety +1

    Yes please to step 5. I'd like to see the video on setting up a business in the US

  • @SilentWarrior88
    @SilentWarrior88 Před 3 lety +19

    Change. Damn, these last couple videos, hit hard. I need to get my shit together.

  • @FilipinaHustler
    @FilipinaHustler Před 3 lety +5

    PAY YOURSELF FIRST!! I got that from the book RICH DAD AND POOR DAD. And I’m doing that right now..

    • @nehirekler3323
      @nehirekler3323 Před 3 lety +1

      People always recommend that book to me, did you find it useful?

    • @FilipinaHustler
      @FilipinaHustler Před 3 lety

      @@nehirekler3323 YES! It’s very insightful and inspiring to be honest.

    • @nehirekler3323
      @nehirekler3323 Před 3 lety +1

      @@FilipinaHustler Thank you! I've been looking for a book to buy and people keep recommend it so i was thinking trying it out.

    • @FilipinaHustler
      @FilipinaHustler Před 3 lety

      @@nehirekler3323 let me know if you like it or not 😊

    • @LifeOdysseyMotivation
      @LifeOdysseyMotivation Před 3 lety

      I rea that also. but I forgot many things.

  • @josefasolilapsi8236
    @josefasolilapsi8236 Před 3 lety +1

    Changes the way i look at my finances. Thank you Alux...

  • @DanielPetrov1
    @DanielPetrov1 Před 3 lety +2

    You have done fantastic job with this very video ❗ I believe that the information contained within it is that much valuable, that it should've been part of the educational system, from the early stages.

  • @danieldean2587
    @danieldean2587 Před 3 lety +10

    Change.
    This was a truly moving video today, thank you.
    Seriously, thank you.
    My wife and I have been working tirelessly from the ground up, from nothing. We are 2 years in and starting to see some traction now being debt free and our incomes are going up.
    This is so motivating to see this blue print plan of what to do. It’s truly life changing, thank you.

    • @Valour-qh9ie
      @Valour-qh9ie Před 3 lety

      Keep going 😉👍🏻❤️

    • @danieldean2587
      @danieldean2587 Před 3 lety

      @@fixyourfinances6930 Haha, is this a phone number?

    • @mytye4188
      @mytye4188 Před 2 lety

      @@danieldean2587 Congrats on all you have done so far. This just the begining of all your success!!!

  • @debbieakabubbles
    @debbieakabubbles Před 3 lety +9

    The quote: the more you learn, the more you earn, was one of my favorites... I have more income today than I had 5 years ago

  • @chrisphillips1973
    @chrisphillips1973 Před 3 lety +2

    Its time to change! Thank you for your inspiration!

  • @MrMinX13
    @MrMinX13 Před 3 lety +1

    *Change* I'm Inspired Alux! Keep Doing What You're Doing!! Great Video

  • @richq1318
    @richq1318 Před 3 lety +6

    What a great video. I have been going through a lot lately and I know I really need to make a #change
    Thanks for the inspiration Alux.

  • @carojames6776
    @carojames6776 Před 3 lety

    Was poor once. NEVER going back there again, NEVER begged NEVER borrowed. Now happy in the knowledge that my family is financially secure. The BEST thing is they have no idea by just how much.

  • @loriellajames6978
    @loriellajames6978 Před 3 lety +1

    I love the last advice. I had to do this with family.

  • @godspeed6302
    @godspeed6302 Před 3 lety +6

    Your place were future billionaires are getting inspired...
    ALUX
    I love this sentence...

  • @anropromero1215
    @anropromero1215 Před 3 lety +4

    Thank you alux always I learn something new from you. You motivate me, educate me and help me in my process to learn English. I will continue listening your podcast in spotify and recommending you with my friends

  • @christianmukeba9646
    @christianmukeba9646 Před 3 lety +4

    This video is too powerful 🧠 especially n•11

  • @angelwhite3638
    @angelwhite3638 Před 2 lety +1

    Change! This was an awesome video, very valuable!! Thank you Alux!

  • @diegochavez7996
    @diegochavez7996 Před 3 lety +13

    I THANK THE PEOPLE BEHIND THIS CHANNEL FOR THEIR LIFE-CHANGING CONTENT 🔥🔥🔥

  • @shylenenjeri8648
    @shylenenjeri8648 Před 3 lety +3

    I'm loving this series, watched last week's video a couple to times to analyse where I am. Alux I'm improving a little everyday with your helpful content. Thank you!

  • @jpetm1046
    @jpetm1046 Před 3 lety

    Love this channel! However, I noticed lately more of advertisement of your courses than financial advice but thanks!

  • @robertguzman3113
    @robertguzman3113 Před rokem +2

    I love "CHANGE" . I learn from great individuals, whenever they take the time to explain how the need for change will further the task at hand. When the challenge for the change is met the goal subsides into a calm running river, or the abiss of deep space

  • @willmallory9085
    @willmallory9085 Před 3 lety +4

    Difficult: waiting to buy a home when prices are skyrocketing!

    • @kurtl6126
      @kurtl6126 Před 3 lety +1

      @@mr_organi9546 why are you commenting this number every where? Put it in the video, put it on a hoodie, gary wasnt shy about it, make it clear WHY anyone should call it

    • @adebayosunday3145
      @adebayosunday3145 Před 3 lety

      Change

  • @Better-na-better
    @Better-na-better Před 3 lety +6

    Yes, go where you resonate! ✨
    CHANGE

  • @leotorralba7154
    @leotorralba7154 Před 3 lety +41

    "Go where you're treated best" that made me cry. Thank you for that affirmation. You are doing your job right. And apparently so am I. 🙏🙏🙏

    • @pinkpearlygirly
      @pinkpearlygirly Před 2 lety

      Me, too! I've struggled with this a lot in the personal and professional aspects of my life and often felt as though I didn't have a way out because I had no idea what to do, what I ought to do, what might happen if I left the situation and if that could be one of those situations of going from "the devil you know to the one you don't." Sometimes it is, but every time, I learned at least one valuable lesson (realistically, more like a dozen) that helped me know leverage my way into a world of difference, as far as success, wisdom, gratitude, staying hungry, being a lifelong learner, and loving what I do. Now I'm just learning how to make that much more profitable so I can live more comfortably in such a high cost-of-living area and worry less about the forecast for my financial future (it's tough worrying about family with health issues, taking care of them, and knowing things will get tough well before I can access my retirement funds)

  • @vangothengirl
    @vangothengirl Před 3 lety +1

    Change 💖 Alux has taught me more than my parents ever could 😄

  • @JadeTrading
    @JadeTrading Před 3 lety +20

    Ready to learn and become a millionaire 🔥

    • @valentinecruzv4993
      @valentinecruzv4993 Před 3 lety +2

      Excellent goal you have the best vehicle "ALUX" to prepare your mind and achieve your dream.

    • @shanep.9442
      @shanep.9442 Před 3 lety

      Maybe you won't make it

    • @valentinecruzv4993
      @valentinecruzv4993 Před 3 lety +2

      @@shanep.9442 Just because you won't or can't make it, doesn't mean other can't, you are a naysayer.

    • @shanep.9442
      @shanep.9442 Před 3 lety +1

      @@valentinecruzv4993 I'm merely stating a fact, a person may, or not make it to millionaire status.
      If a person is so weak that they need constant reassurance & 100% support, then they most certainly won't make it. You gotta be determined and have fortitude.
      Toughen up, & get to work.

    • @Samsons121
      @Samsons121 Před 3 lety +1

      Jade, you’re the best! ❤️

  • @alexo82191
    @alexo82191 Před 3 lety +9

    As a man in his 30s worked 2 jobs for 1 year.. invest, save $, cut all extra expenses you dont need.

  • @raasshaaadd697
    @raasshaaadd697 Před 2 lety

    I love your content as always but where do y’all get these statistics from?
    @Alux

  • @n.masinga
    @n.masinga Před 3 lety

    Change.
    Thank you Alux for this type of content.

  • @financialeducation2524
    @financialeducation2524 Před 3 lety +18

    trade and invest with David Macon, that is how i sustain and his trading platform seems to be the best i have seen all my life as he has never failed me and always pay my profit in due time.

  • @SuccessAdvicechannel
    @SuccessAdvicechannel Před 3 lety +16

    ★It's Going To Be Hard , But Hard Doesn't Mean Impossible ★Stay Blessed

    • @xeina1720
      @xeina1720 Před 3 lety +2

      Your Channel Is Amazing Success Advice

    • @proserastartupsolutions5745
      @proserastartupsolutions5745 Před 3 lety +1

      So hard that when you have that indoor movie theater you’ll stop and say fuck was that even worth it

  • @sjf3785
    @sjf3785 Před 3 lety

    Everything you need to incorporate is a great idea ill start looking for this video

  • @senita444
    @senita444 Před 2 lety +2

    “Change” 🙏🏾❤️💯 thank you for this video and all the valuable videos over the years ✨💫😊

  • @johnratliff5158
    @johnratliff5158 Před 3 lety +10

    Hi: Being right and making the right investment choices.

    • @karenwoods1421
      @karenwoods1421 Před 3 lety

      @@mr_organi9546 is this a phone number?

    • @iramakhtar4070
      @iramakhtar4070 Před 3 lety

      Its spam number not real number theyr spamming everyone as usual pretending to be alux they trying all the different scams on innocents. Ignore and or report it.

    • @raz7573
      @raz7573 Před 3 lety

      867-5309

  • @saintarj4552
    @saintarj4552 Před 3 lety +6

    Change, I'm never gonna be poor again

  • @norcalrestoration
    @norcalrestoration Před 3 lety +2

    Change is the challenge. I am 85 and watch/ listen while I exercise.
    Many reminders here that I have been doing since 1958.

  • @MharlynMerritt
    @MharlynMerritt Před 2 lety

    How to play the long game. Is there an Alux video on this? If not please do one. Thanks.

  • @nvrbored1
    @nvrbored1 Před 3 lety +3

    Great video like always. Here is a video suggestion. It is where I have difficulties. How to get your spouse on board to getting a wealthy mindset. My spouse wants to save. I want to invest. We have 2 debts, house and car. We have more then 1 months expense saved but less then 1 year. Help please.

  • @mozeae3151
    @mozeae3151 Před 3 lety +23

    Change

    • @danielmarcio4728
      @danielmarcio4728 Před 3 lety

      Thanks alux.com for your help you guys are really good!💯

  • @nikeadetunji1936
    @nikeadetunji1936 Před 2 lety +3

    This video changed my life for good. I’m so financially free right now.

  • @jeimmybernal1119
    @jeimmybernal1119 Před 3 lety +1

    Thank you guys!!! You are the best ever!❤💫