1. Impulse Buying 2. Keeping Up With The Joneses 3. Living Beyond Your Means 4. Paying Only The Minimum Amount On Your Credit Card 5. Never Asking For A Raise 6. Not Investing 7. Ignoring Lifestyle Inflation 8. Keeping Your Money Under The Mattress 9. Lending Money To People, Who You Know Will Never Pay It Back 10. Not Paying Your Taxes 11. Investing in Things You Don't Understand 12. Not Maximizing Tax-Advantaged Accounts 13. Replying On A Single Income Stream 14. Ignoring Budgeting 15. There Are No Get-Rich-Quick Schemes. That's Just Someone Else Getting Rich Off You. You're Most Welcome.

@JAMD1871

Жыл бұрын

HEY, THANKS!

@AJ56

Жыл бұрын

Thank you!

@t0umart0u

Жыл бұрын

MVP.

@WillisOsidha-gr8vy

Жыл бұрын

Thanks

@raneshabrown4110

Жыл бұрын

❤

My money management skills are beyond sub-par. I grew up poor, with a mostly absent father, and a very abusive, narcissistic mother who was constantly in collections and default on her bills and rent. For a while, I was doing fine when I worked for a financial institution. I learned the importance of maintaining a good credit score, and having savings. Now though, it has all gone downhill. I have serious credit card debt, I have taken two quick payday loans, and I have to find a new place to live. Don't be like me. My major mistake is impulse purchases and lack of budgeting. Don't eat in restaurants, especially not food delivery services. Save for a rainy day, because rainy days are more common now. Thanks ALUX for this wake-up call video. I am praying for better days ahead.

Watch the video people.

@SeeingSebastian

Жыл бұрын

👍🏾

@xavierclayton9990

Жыл бұрын

What else is the video for ?

@JSFGuy

Жыл бұрын

@@xavierclayton9990 Right, lots of comments but none on the video posted.

@aj.meso26

Жыл бұрын

Thank you, nearly gave an excuse to close it out. Appreciated very much

Thanks for this amazing video. Sincerely, I'm not sure if investing at this time is a good option. Pay attention to how often things fall apart. Despite reading charts and predictions from renowned investors from the past and present, I'm still seeking for a better way to invest my money because I still have some time before retiring. I want to create a strong portfolio in order to produce passive income.

@StanleyMcCain

Жыл бұрын

The top experts however have access to confidential information and data that is not made available to the broader public. Being knowledgeable enough to use them successfully is quite another. Big returns, not changing stochastic are the key. Rewards and risks must be balanced. To reach your aim, pick the right size and turn your edge as often as necessary.

@MichaelJeffersonn

Жыл бұрын

I concur, I've been in frequent communication with an investing advisor for more than 17 months who has helped me step up my portfolio to over $500k. I definitely remember needing inspiration to keep my business running after a protracted divorce. I researched licensing consultants, sometimes known as portfolio coach by some.

@jerrygibson222

Жыл бұрын

​@@MichaelJeffersonn I require suggestions on how to restore my portfolio and create more effective strategies in light of the huge declines. Where can I locate this instructor?

@MichaelJeffersonn

Жыл бұрын

​@@jerrygibson222 My advisor is JEFFREY HAROLD STARR, a renowned figure in his line of work. I recommend researching his credentials further. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@computergeekslife

8 ай бұрын

wow. this is intelligent marketing.. reader doesn't even know marketing is here...

Great video. We are all seeking for financial independence and a better way of life. This is not difficult to achieve with savvy investing, a frugal lifestyle, and cautious budgeting. I'm glad I learned early on to work hard for financial independence. As Warren Buffet said, he has seen this happen many times in his life. Not an investor, My husband and i never earned more than a middle class salary. We plan to get retired at 58 with a stock portfolio worth $4M. We have never sold so much as one share of stock.

@baileymclean8186

Жыл бұрын

@Stanley Edwin Any chance you can recommend who you work with for those of us who want to make the right plays now and be better positioned for a healthy retirement?

@baileymclean8186

Жыл бұрын

@Stanley Edwin Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

@LisaMortis

Жыл бұрын

✝️971🔥

@LisaMortis

Жыл бұрын

50874🔥

@LisaMortis

Жыл бұрын

0866🔥

"Paying only the minimum amount on your credit card" Not sufficient, I think. Of course you should pay the balance in full if possible, borrowing somewhere else at a lower interest rate if you must. But if you can afford to pay the balance in full, then please don't wait until the due date. Pay the balance in full just before the monthly statement is issued. Then you may have to make a small payment a few days later because of a few purchases between your actual payment date and when the statement is issued. But the credit card issuers report creditworthiness in the form of balance owed divided by credit limit when the statement is generated, and you have beaten the system by making sure that the amount owed is nearly zero. A good credit score results. Separately, never spend any money at all unless you are required to (taxes, for example) or you are aware of the need to purchase something before the opportunity arises to purchase it. _First_ you note the need for something, _then_ you seek it and buy it. You don't first have it shown to you by an advertisement or a store display or a colleague, then decide that you want it. In the consumer marketplace, ignore what you don't already believe that you need or want. The little boy who sees you eating a candy bar and wants a candy bar for himself--did he know he wanted one before he saw you eating yours? Don't be like that little boy. What you need or want should not depend on what people nearby have. If it does, figure out why and get your mindset repaired promptly; it's faulty.

Our perceptions of your approach influence how we interpret, understand, and act on the truth. Getting into investing i stuck to Avoiding high interest debt. Cutting costs. spending less, earning more and investing passively The best way to find that balance between saving and living is by investing..what i can say to early investors 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..

@donaldlocher2537

Жыл бұрын

The thoughts and ideas here are remarkable

@emilyhowe3359

Жыл бұрын

I did read about Susan Kay Mack on the web., quite a great resume she has

@robertthurmond8161

Жыл бұрын

Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.

@victoriaaldrin

Жыл бұрын

I did a brief web search and found that her bio was quite good. I wrote to her and am awaiting her response.

Even with the current crypto crash, the market has been pretty rough until it decided to rally today. Everyone was practically crying then. He kept dipping. That's what you get when you feel like you can navigate the process on your own.

@donaldjack5487

Жыл бұрын

Trading with an expert is really beneficial, this will help you avoid losing your money in the trading market.

@janechane7279

Жыл бұрын

A wise person must know that in order to succeed, they must invest wisely and have a proper knowledge or guidance in the financial market.

@alexmorris5360

Жыл бұрын

I think it’s brilliant to use brokerage advisor for investing! Prior to speaking with an advisor I was actually suffering an investing nightmare during the economic crash in March 2020. In summary, with the help of my advisor, I have so far grown my initial $120k investment to over $550k

@alexmorris5360

Жыл бұрын

I’d recommend investing in good projects after DYOR and DCA rather than going all in at once to ensure a good average. I don’t buy /trade just for the sake of it ,instead I sought the advice of a fiduciary financial advisor, Jessica Katherine Ellis who guides me through the process, I made £70,000 profits in my portfolio in Q2 2022

@alexmorris5360

Жыл бұрын

Search her name on Google.

At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.

@hunter-bourke21

Жыл бұрын

I would be retiring or working less in 5 years, and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $250K per year but nothing to show for it yet.

@Kim.beneteau

Жыл бұрын

Your money is stagnant when you save, I will advise you buy stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance of a financial advisor.

@Believer292

Жыл бұрын

you're right! If you are unfamiliar with the market, I recommend seeking advice or assistance from a financial coach. With the help of an investment advisor, I have diversified my $300,000 portfolio across multiple markets, We were able to generate over $1.2 million in net income from seasonally high-dividend stocks, ETFs and bonds. For me, this is the most ideal way to enter the market these days.

@james.atkins88

Жыл бұрын

@@Believer292 Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in need for one.

@Believer292

Жыл бұрын

@@james.atkins88 JULIA ANN FINNICUM is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

I like the change of tone in this podcast compared to previous one ... Kinder, more compassionate, less judgmental, less mocking, less talking down at people.

“We buy things we don't need with money we don't have to impress people we don't like” - Dave Ramsey

@lamonthamilton667

Жыл бұрын

Dave Ramsey is Worth his weight in Gold and his Advice is SOLID!

I dont know if I'm in the minority, but i haven't had lifestyle inflation/ lifestyle creep. I have pretty much the same lifestyle now at 250k income as I did at 50k (in today's dollar-terms). I save half of my after-tax income now, wheras I got into debt before. Basically, I've always spent about 60k-70k/yr, no matter if I was making 50k or 250k gross. My car is 10 years old, I've been living with a friend, I use the same purse i bought 14 years ago, rather than buying new expensive bags. The one area where I spend a large amount of money is food. I get a lot of doordash when im busy working and don't feel i can pick up my own lunch. Starbucks for latte and breakfast every single day before work. But Ive always spent a lot on food. Anyway, I haven't fallen to lifestyle creep yet.

@joycecarr1661

9 ай бұрын

Yet

I always look up to you when it comes to financial lesson and advices. You are such a blessing to this community. Anyone who is not investing now is missing a tremendous opportunity. Imagine investing $1000 and receiving $4,200 in 5day. Analia Harlod is the best

@titinmartini9982

Жыл бұрын

Sure, coins investment is really a great idea for multiple streams of income

@Debbiemoris7652

Жыл бұрын

Investment brought me a great happiness! Irrespective of the economic situation, i still make good profits every week, it helps me take care of my kids and business

@villicentmark

Жыл бұрын

I never known she has gone this viral. I decided to back up my assets and property with her when we met at a conference at New Jersey, I thought I and my colleague was the only one trading with her

@Yesminjames

Жыл бұрын

SHE'S ALWAYS ACTIVE ON TELEGRAM'S APP* WITH THE NAME BELOW.

@Yesminjames

11 ай бұрын

*Ms Harlod*

The educational system doesn't teach you actual skills. You can't get a small loan from a bank to start a business, but you can get astronomical student loans. It's intentional and creates individuals to be in debt their entire lives. In some cases, debt feels like an addiction.

Mindset is everything, money comes to those who understand it, great video 👍👍👍

A well needed wake up call. I endured through this, but it was the bitter medicine I needed to swallow.

6:38 also helps if you've a better job lined up as well as good performance that net profits the company when approaching such a conversation for a raise, & if you don't get it from current employer well can simply go with the other company actually honoring your worth at the time.

I have so many bad money habits. Thank you for this wake up call

Two things with me: 1 I don't have a credit card and 2 Once I am rich, I won't loan or give money to anyone; they'll have to earn it with a service project.

Our issues are #1, #5, #13, and #14. In the case of #14, we have a budget but we dont always stick to it. So my plan for this evebing is to go through all the expenses and re-evaluate the budget so we arent fooling ourselves.

Yes!! I definitely needed this 😁

@JSFGuy

Жыл бұрын

How do you know if you haven't watched it yet?

Work to make money and have part of that money work for you so you can even make more money.

One of my favourite YT channel that helps to make smart moves and build a good personality. Love your videos ALUX 🔥

Girlfriends, if it weren't for me having girlfriends throughout my life,I'd be rich already.

@Goody-babe.

10 ай бұрын

And those girlfriends are rich

@dreameryoung38

8 ай бұрын

Boyfriends

@dreameryoung38

8 ай бұрын

@@Goody-babe. they should mention relationship's

Keeping up with the Joneses.... Great vocabulary... 🥳🥳🥳

The habit I need to break is not pitching. I can save, but my income is too low.

Living beyond means shouldn’t just be just based on income vs expenses. It should be based on how many expenses are justified. In your early days living paycheck to paycheck is fine but if you earn 6 figures and still live paycheck to paycheck or only save 20% or less, that’s not ok.

Great video ! 👍

Gracias!!

16. Simping

💐

I love your videos! I learn self discipline and investment. Great topics! Videos for smart brains. :)

Thank you Alux, you're such an inspiration

Your video is great.... Each point has been well expanded.. 🥳🥳

❤️

Yeah Loved it!

@JSFGuy

Жыл бұрын

Yeah watt?

@JSFGuy

Жыл бұрын

Edit yeah loved it, hasn't even played or watched it yet.

narrator says the only money habit you have to break is whatever that prevents you from watching 15 videos in alux channel daily

13:18

Thanks God for giving us this channel 😢

@luthandondlovu2863

Жыл бұрын

We was blind.

Since I became Vegan, that impulse at the grocery store grew!! I didn’t know how fantastic plant-based could be. The store sells “end of the day” bag of veg for $.99, grab some condiments-I’m out under in $20 and meals for three days! Most important (money not mattering)-no animals harmed.

Lovely

Thanks alux🙏🙏

Dont lend money to family or friendsand dont rely on one source of income 💯 great advice thank you Alux

Yeah

@JSFGuy

Жыл бұрын

Double post

Thank you Alux

I always used the fact that I'm a college student as an excuse for bad money habits but that stops today, thanks for the wake up call 1. Living beyond my means 2. Not investing 3. Keeping money under mattress 4. Not paying taxes 5. Relying on single income stream 6. Ignoring budgeting

Not understanding difference between linear and non-linear compounding is the biggest risk.

This is helpful

Great video

Q.O.T.D: Don't really have bad money habits that. Just need go make more 😁

Lending to those who I know cannot or will not pay back.

🎁🎁

Earning more than spending.Increasing sources of income.

The taxes comment about healthcare had me laughing out loud

Laziness will keep you in poverty proverbs 10:4

Where I'm from we don't keep up with the Joneses, we keep up with the Wongs & Nguyens 🤣

What is the name of the song in the background?

This administration putting so many families into difficult situations, I pray for our country, we need compassion for the American people! I appreciate Zelinda, Imagine investing $1000 and receiving $10,250 in 3days🇺🇸🇺🇸

@ameliajoseph6314

Жыл бұрын

Same me here I started last week and I spoke with her through video call I have received some of my profit about $9,450 yesterday she’s trustworthy.

@maswelldrake510

Жыл бұрын

Can you refer me to her 🙏🏼??????

@ameliamark4867

Жыл бұрын

*MS ZELINDA*

@ameliamark4867

Жыл бұрын

@@maswelldrake510 Get the application installed and search her up with the name above

@annifred2159

Жыл бұрын

She’s indeed trustworthy I have contacted her, I just spoke with her on call.

In my opinion, all bad habits lead to loss of money

..addicted to this content

Sick and tires of this way of life.... work for your goals... your needs and dreams. Don't listen to anyone that envies you or bad vibes you.... ALWAYS have a plan regardless of the situation....

I want to invest and I don’t have any experience in that field 😅

Alux Plz can u guys make a video on how a man or a guy can take good care on its self

@usainbolt5153

Жыл бұрын

This aint a looxmax channel this is a money channel🤑🤑🤑🤑🤑🤑🤑🤑🤑

may you please do a summary of Bitcoin in the Mining Sector.

That's me! That's me! 😲

What if you're riddled in debt and a bank wants you to pay the money

my bad money habits are relaying on just on stream of income and not investing well enough.

I had a specific checking acct for impulsive purchases/not needed purchase. Along with my obligatory accounts (bills such as Electricity, gasoline, uber)-it took only One Month to show me, that I was a bit to quick on the Amazon Button!!

16. Being a victim of theft. Not a habit, but there seem to be no end to the increasing number of theives!

Alĺĺ 15!

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

@Raymondcraw1967RaymondCrawley

2 ай бұрын

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

@BrewerVera

2 ай бұрын

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K.

@FaithAndrada-xo9ou

2 ай бұрын

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.

@BrewerVera

2 ай бұрын

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with 'Whitney Kay Stacy' for the last five years or so, and her returns have been pretty much amazing.

@FaithAndrada-xo9ou

2 ай бұрын

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

🧡🤍💚🥰 from LEO 👍🙏🇮🇳

Impulse buying

Impulsive buying Gambling

#16. Putting money in the hairy bank

The background music is annoying. Listening on headphones in the office and I stop the video 3 or 4 times thinking an alert or someone is calling.

We live under our means and invest the rest..

No one is smart enough to break the laws of money

I am your fan

I'm grateful for your teaching, ALUX, and I feel blessed.

Im gg on habit number 9 huhu.

Hey Alux..could you do a more in-depth video about HSA’s & IRA’s?

Bro impulse buying always fkng gets me, managed to save up 30k in 4 months boom gone, made another 10k in another 2 months boom gone bro wtf I just made 15k about a month n a half ago fk bro gone to 😭 aa hell nah I’m back at square one rn😭 we gone change bois, I can’t keep doing this shi

Okay there ARE Get Rich Quick Schemes. It's LITERALLY called a SCHEME!!! THAT'S WHY IT IS CALLED THAT!! It is a trick!!!

The best video

Where is the bonus tip?!

nice info but how?

Smoking weed Not budgeting only in my head I have an hsa Roth IRA 401k I have some dividend stock. I have to pass my cdl permit that’s why I have to stop smoking weed. Once I do I could get paid $1k a week and since I live below my means and not an impulse buyer only for fast food. I feel like I could save for a down payment on a house /duplex or triplex as a first time. And go from there

Another BMH: not investing in oneself.

Trump seemed to do OK by shirking taxes

wow

Thanks for sharing. Great tips. 🚩

thank you

That's crazy to buy to keep up with the jonesess

The lending money part. I seen it in my family, they normally say "utang na loob" (refers to you owe them) or "we are family/relatives" card to gaslight you into lending without asking any return

Pride goeth before a fall- in funds😢

@charlespeterson3877

9 ай бұрын

If you put all of your eggs in one basket, you had better watch that basket!😮

No more bonus tips?

Thanks

We are paying off credit cards. I have totally stopped using it. Temping my self not to join memberships on KZread 🎉

Welcome pick me first graders.