Hello Aluxers, what other money myths were to told as a child that turned out not to be true? Since we're focusing more and more on the Alux app: www.alux.com/app, we will lower the number of posts on youtube to maybe 3-4 per week!

@marceluglear2962

Жыл бұрын

💐🩵

@brucedavis3915

Жыл бұрын

Absolutely love this.

@brucedavis3915

Жыл бұрын

World

@foxlinker1636

Жыл бұрын

How about money is the root of all evil. Not true

@humblegorilla935

Жыл бұрын

Singapore is a good example with strict laws that deciplines it's citizens and also have business friendly laws they gotta a good balance, very technologically advanced country

00:00 - Intro 00:29 - Rich people are crooks and evil 01:56 - You get rich by saving your money 03:22 - The more money you have the happier you’ll be 05:48 - If you want to get rich you need a big salary 07:29 - With High Risk always comes a High Reward 09:18 - You need to be rich to invest 10:28 - It takes money to make money 11:55 - Getting money with your tax returns is a good thing 12:47 - More money - More problems 13:59 - Retirement is the gift for working hard for your entire life 17:28 - Money doesn’t grow on trees 18:25 - The best things in life are free 19:12 - Cash is King 19:48 - Time is money 20:20 - You can’t take it with you when you die 21:24 - Question

Life gets easier with money, not time.

Alux definitely helped me become a Management Accountant in just a space of two years instead of +- 7 years because of the knowledge and wisdom they share not just financially but in other aspects that make up life as well, keep doing this because you have changed this kids life from somewhat of a third world country 🇿🇦

@alux

Жыл бұрын

We're proud to have played a part in your journey and hope we will continue to do so!

I'm an engineer and we used to work in a separate building from the plant with a street name called Easy street. Everytime I walk inside the plant, they call us Easy money. Too bad the plant is no longer there. Next time if someone says something like that to me, I'll ask them "Do you think NBA or NFL players get paid much more than engineers? Is that easy money? Go look up how many of those players file for bankruptcies and most importantly find out why. I'm in my early 50s and I have a target like Alux says. Living a modest life with a few splurges once in a while is good enough for me. I don't need 15 million, I'm fairly confident 2 million is more than adequate for myself. As to whether I want to leave my wealth to the next generation, I want to see how my nieces and nephews handle their finances. I'd rather leave it all to charity if I find out they spend their earnings like water without thinking of the consequences. Yes it can be cruel but that's how I feel.

@stuarthirsch

Жыл бұрын

Is working at a gas station or at minimum wage easy money compared to an engineer or movie star, NFL or NBA player? Some may think so.

@richlandzee8686

Жыл бұрын

@Stuart Hirsch - If someone is happy working at a gas station until he retires that's his choice. I used to work part time as a dish washer in the university for a few years. It was $4.75 an hour. Is that enough for you to survive, you decide. I started from the bottom and was lucky to not having any student loan debt when I graduated. You don't need an advance degree to figure out that if you spend more than you make then you're technically broke. Many Americans simply want to live the YOLO life and have no idea or care about their bank balance. Having credit cards makes things even worse. The guy who told me I was easy money actually drives a Mercedes, i guess he's the easy money or is he?

@stuarthirsch

Жыл бұрын

@@richlandzee8686 Similar story with me. I worked in a tile store for $1.00/hr to help supplement my community college expenses and lived at home. Got an AA in electronics technology. Then I then got a job overseas and started University College which renamed itself to University of MD global campus. When I returned I had saved $20,000 income tax free because I worked for a contractor. My employer paid most of that so I had no college debt. I rented a room for 10 years and invested my money. This enabled me to be completely debt free debt free for almost all my life. My actual earned income was not as much as most of my peers but I was eventually able to exceed their standard of living. Now, at 72 years of age and having no children I consider philanthropy my major bucket list goal. Dave Ramsey is right Live like no one else when your young and you will live like no one else in the future. I think that is what ALUX and particularly this video is all about.

I really wish you would have expanded more on the Time is Money. It's amazing how people waste their time. Also, I love the quote in Wall Street: Money Never Sleeps, where Gordon Gecko said that he learned in jail that money isn't the prime asset in life--time is. I've been very lucky in my life to meet the richest of the rich (Richard Branson, among others) and before that I was very poor, on unemployment and even homeless for a week. People who are successful think in terms of minutes and hours (even seconds) and usually maximize all of it, even if it means they are taking a power nap for 20 minutes. People who are on the extreme other side of the coin, and I lived this for a while, look at time in terms of days or even weeks, like if I didn't do it today, I might do it tomorrow, or maybe next week and so on. Since their money often comes from the state, they know that once they are set up to get it, it will keep coming for a while.

Hey Alux, my name is Lwetutte Steven from Uganda. A three-year follower of this channel. I watched a video where you had started building a school in our country, even though I don't know what happened next, I would like to Thank you for contributing towards the efforts of educating our future countrymen and women. This is a great move, especially at such a time when ignorance due to lack of education is causing a lot of havoc in my country Uganda. ONCE AGAIN THANK YOU ALUX!!

Nice content! Few years back i was assistant to a wealthy pen artist and within the short period i worked with him i observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this i learned that the rich stay rich by investing.

@kikky1170

Жыл бұрын

I think the major challenges investors face may range from controlling impulsiveness to the frail of compulsion. Most newbies and would-be investors often undermine and most often neglect the importance of technical analysis with regards to investing. Technical analysis overly predicts the movement of asset prices regardless of what is happening in the wider or broader market. Essentially, the process involves studying the paths of a particular asset movement in the past so as to establish a sustainable pattern that can be used to predict future movements or better still get an investment advisor who'd guide you and help you manage your portfolio just like my boss back then, He was working with an IA Fxbrusher and i would bet he still does. I can boldly recommend her because i've witnessed her performance first hand. She's the real deal.

@kikky1170

Жыл бұрын

She's on inst 'gram

@kikky1170

Жыл бұрын

Fxbrusher "

@investidorsardinha793

Жыл бұрын

Over the long term, there's been no better way to grow your wealth than investing in the stock/crypto market. The government has failed in its responsibilities

@allentyler3552

Жыл бұрын

I know the info was not for me but i was interested. This is sublime. Thanks for sharing. Never knew such an individual exist. 👏

Hello Alux, Since you are reading and replying to every comment. I want to tell you that You’re doing a great job and I’m grateful for your dedication to teach us. Thanks a lot.

@alux

Жыл бұрын

Thank you Abid! Really appreciate you taking the time to watch today's video!

@augustinefolorunsho772

Жыл бұрын

Thank very much Alux for educating me Austin

What Alux do on a weekly basis is phenomenal, please don’t ever change. You are highly appreciated

Great video Alux. To me the number 1 falsehood about money is that money is the root of all evil. Money is neither n either good or evil, merely a representation of wealth. Number 2 is that people prep and become become more self reliant out of panic and fear, actually thee opposite is the case. preppers don't panic, it is those who haven't prepped financially or otherwise who panic. Look at the toilet paper shelves at the beginning of the pandemic. Preppers had plenty of toilet paper. Self sufficiency also lessens your dependency on the supply chains and infrastructure. If you can grow and can your own food you need not worry if the grocery store has any or if you can afford it. If you are solar powered and off grid, or can generate enough power to live you need not worry about power outages or paying electric utility bills. The ability and capital required to produce power is wealth that pays you directly and at the retail rate. Myth 3, your health care is determined by your wealth. True we will need health care at some point, that is the purpose of insurance, to evenly distribute the costs of catastrophic, uncontrollable, and unforeseen events. However your health is basically in your hands. If most people lived a healthy life lifestyle will go long way to reducing health care costs. If most people lived a healthy lifestyle health care costs and insurance would be a relatively small expense. Finally the confusion of money with wealth. Money is currency, wealth is tangible possessions which can be traded, knowledge and skills that can be traded, and intangibles such as love, respect, health, and well being that cannot.

The Alux channel does not only provide values. You are a treasure to us on the process to build wealth. Salute to you The Alux Team.

@alux

Жыл бұрын

We’re glad to have you part of the family!

@nintendoswitchjustdance2021

Жыл бұрын

😊

I got rich when my mom died. My moms last words to me where “I’m proud of you and stay healthy” I liquified all her assets and started my portfolio. Easter 2023 with tears. My money problems are good. I’m happy. I had to leave friends. I’m sad. But I’m preparing. I just got new problems. And I miss my mother. I’m more spiritual. Thank you Alux🤷🏾‍♂️🙏🏿✊🏿✌🏿🇺🇸

@churchill19708

Жыл бұрын

Keep your head up. Your real friends will find you! ❤

Hi Alux, you mentioned before how life insurance can be a great wealth tool to grow money. I hope you can create an episode on this soon.

@alux

Жыл бұрын

It applies mostly in the US, but sure, we'll add it to the list.

From the time started listening to Alux in 2020, my life has drastically transformed steadily. Although it has costed me relationships, I've learnt the importance of having a PURPOSE in life. I've learnt the art of saying No to whatever that doesn't seat well with my inner self. Even the books I read are the likes of Think and Grow rich, 7 atomic habits and the like. thank you ALUX for aligning me into the right path.

These guys know how to bust 15 money myths

@alux

Жыл бұрын

We love doing it!

I’m still on The Levels of WEALTH Vlog…Thanks to Alux!! This channel is Solid Pure Gold!!

@alux

Жыл бұрын

What level are you at right now?

One saying about money I’ve heard growing up a lot is, “ money is the root of all evil”. Which of course is false.

11:57 Correct to a point. Up to a few hundred returned is okay since the stress of having to pay the IRS isn't there (electronic requires an additional fee and any check requires your social number written on it). Getting thousands refunded or treating the tax refund as a savings account or windfall is just plain dumb.

Alux helps me understand with making fewer mistakes in business than my business partner has made. Excellent service this channel provides

Alux, amazing video again! Just want to say, you’ve put £200,000 and said £250,000 at the 15:56 mark. Also the script writer seemed a bit off with this one, some sort of personal opinion spilled thru. “You’ll die eating”, “you’ll be old over weight and won’t be able to taste your food”, and there was a few more. I would say seriously, don’t lack. You guys are awesome. I would hate for you guys to lack in the quality of your script writing now, bringing slightly odd wording, especially after bringing such a high quality to your scripting after all this time. You guys have been amazing up to this date. Honestly otherwise, You’ve done your job and kept us all financially motivated one again!! Keep the quality high! You’ve set high standards of quality DONT SLIP!! Let’s go Aluxers!

Thanks for putting out such an important information. I've been studying a lot from Alux

@alux

Жыл бұрын

Thank you for showing up today

One of the best source of purifying our thoughts regarding money.

Hey ALUX, is there any way u could tell ur audience how they can get in contact with mentors?? I see a lot of ppl w this issue

@alux

Жыл бұрын

Get the Alux app - it will act like your personal mentor!

Big brand stores got richter during corona cause neighborhood shops were shut down. Seemed like corona only spread in local shops.

@Alux Thanks for this video. Saving money allows you to stay rich once you've already gotten there, but "there" which I'd assume as a financial milestone is relative, and differs for most people. My question is at what point do you know you're truly rich and saving money actually makes sense with respect to your financial portfolio?

@alux Thanks guys. Watching your channel over the years has changed my life. Having said that, I need you guys to please do a video on how to build wealth from side hustles as a busy nine-to-fiver.

this channel always edcuate me about money thanks a lot

@alux

Жыл бұрын

We take pride in doing it well.

Hate to break it to you guys but love is absolutely not free all of it’s conditional especially if you’re a guy allegedly getting love from a girl and getting love from a girl or having a relationship is gonna cost you time energy money resources or some kind of combination thereof at the second you stop providing them that love that you’re getting will be gone. And even in a relationship that it’s not like that all relationships require maintenance which at the very least will cost you time so like I said no form of love is free. Nothing at all is free this universe only owes you a death that’s the only thing you’re guaranteed outside of taxes of course almost forgot that one

It is so interesting how a money based theme can be so spiritual and healing. Indeed the world belongs to people!

The last part about China and 'yuan' is so wrong - don't you know what happen to billionnaires from China and what they do with their money?!

The most important thing is to set the highest number meaning infinity with shortest time meaning 0 because every second that passes won’t return be aware of it of course it isn’t realistic but we have to strive to it

WORLD To add to the discussion, my sister is law adamantly tries to defend her position that opportunities, money, and resources are scarce. This is something that I believe not to be true because scarcity is a mindset, especially when anyone can open their eyes to see that scarcity is a myth. If it was true, fewer people would be pursuing an education, starting businesses, and building homes. Cities, skyscrapers, and apartment buildings wouldn't be built. Therefore, another money myth that is not true is simply based off of what inspiring people are doing with what little or as much as they have.

WORLD .....I always love your content, you are so cutting edge and on top of current events, especially money current events!!! I know about and am very concerned over the dollar losing its world dominance and the BRICSS nations ditching the US dollar. You touched on what to do, but would love a video going into more detail please, and as always, here's your bonus, I love the Alux's woman's voice, I am addicted to it, and your content, the whole package is what makes it ❤️ !!

Addicted to ALUX, THANK YOU!!

@alux

Жыл бұрын

Thanks for showing love :D

Poor people talk about money all the time. Rich people talk about things. Wealthy people talk about ideas. -Dr Myles Munroe

Cash is king for now💰💸 Very dangerous period in the stock market 💥🔥

@alux

Жыл бұрын

Real-estate & gold are conservative now. Bitcoin as well, if you believe in the vision.

One of the best channel to learn and grow

@alux

Жыл бұрын

We put a lot of effort into making that a reality!

This administration putting so many families into difficult situations I pray for our country, we need compassion for the American people! I appreciate your advices Zelinda Greg! Imagine investing $1000 and receiving $10,350 in 3days.

@carmelitagonzalez5014

Жыл бұрын

Investment is far better than money saved. When you invest your money it works for you and help you earn more money.

@sariaadem842

Жыл бұрын

Most failure and loss on investment usually happens when you invest without proper guid, I also invest with Zelinda

@jamesmattew8436

Жыл бұрын

Can you refer me to her 🙏🏼??????

@ameliajoseph6314

Жыл бұрын

*ZELINDA GREG*

@ameliajoseph6314

Жыл бұрын

Get the application installed and search her up with the name above.

WORLD, always learning and growing with Alux, thank you Alux 🤩✨

I learn from you and apply in my farming channel. Thanks for sharing

I'm here from your Spotify podcasts love 'em ❤❤

@alux

Жыл бұрын

Awesome!

One of the greatest money myths is: I'll pay you back the money I borrowed from you next week.

Love how you made me see the WOLRD from a different perspective than before ❤

World 🌎 🗺 that last one is quite motivating 😮

@alux

Жыл бұрын

3 year subscriber and still going strong! Thank you!

Hey Alux! I'm always amazed with the amount of practical wisdom I get here. Is there a personal mentorship program available?

@alux

Жыл бұрын

Hi Jeffrey, the Alux app is the closest thing there is to be mentored by us.

WORLD, Thank you, Alux, for providing such valuable information!!😊😊❤❤

Alux add a lot to my life thanks for your good work ❤❤

You need some money to start with. I recommend sports betting. Investing is all about odds. So look for good odds. For example a tennis match of an absolute favourite against a looser. Odds should be 1.5 to 8 (the spread should be high). Now connected bets are not allowed, so YOU can't bet on both outcomes. Therefore you need a partner. You should be intelligent enough to figure out the rest. 😊

15:55 The narration says 250K but the text reads 200K

Something that has demotivated me against becoming rich is that I heard as a child that a rich man will not go to Heaven

Alux you inspiration has been golden, thank you. I want to be a media entrepreneur and with your support along with months of smart work my new channel just passed 1,000 subs. Thank you ❤

Well, time is money, but the exchange rate changes against money and in favor of time over time.

@alux

Жыл бұрын

A nice way to put it.

Thanks for all good advice. I was watching all your's videos! My best video is about progressive growth. And Happy Easter!

@drazensalopek2677

Жыл бұрын

Exponential growth

Millionaires are made in crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 2months, and it would really help if you could make a video covering these strategies.

@Mathew-bp5bm

Жыл бұрын

The strategies are quite rigorous for the regular. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

@josephlee4001

Жыл бұрын

I agree, before the pandemic got real serious, I used to handle all my investment and I was pretty good at it, fast forward to post-pandemic and my-portfolio is steady in the red with profit rate down to the lowest, that's when I touched-base with a coach I saw featured on businessweek, who restructured my portfolio and over the last couple years, I've made over $850k from initially $210K

Coming from an Asian country, and currently living in the UK, and also holding bank accounts and investments in Singapore, I'm already a citizen of the world 😊 I'm diversifying my life in a global level, not just locally, and not just financially. For those whose country allows dual citizenship, they should try get a second citizenship. Politics are never stable, no one country is guaranteed to remain stable forever.

Good point on retiring early and how much you need in passive income to do so, but it’s also worth noting how much you will need and invest in property/business/market to live off passively at 2x your spending. For example, you will need roughly $750K in the market with stocks that pay dividends to live off passively at $5k/mo. Business or real estate investment is the option for me.

Two members have said “I’m going to die poor”….wtf!!! And they have kids-they have no idea what the children will have to go through when that happens.

Was talking about #2 with my wife this morning wow,😂. Here’s to becoming a citizen of the WORLD.

WORLD. The last part of the video on geopolitics was for me the most crucial one.

Another myth: Money doesn’t matter 😂 when it’s one of the leading reasons why relationships end

@penguingobrrbrr353

Жыл бұрын

thats because people focus on money actually. If your partner doesnt have money the new generation simply just leave the partner and find a new one which is stupid.

@churchill19708

Жыл бұрын

Sooooo true!!!

Myth: You need to spend money to make money.

Just now posted...

@alux

Жыл бұрын

Congrats on the first comment today! Fresh out of the oven!

Awesome content. Future billionaire ✋🏼

@alux

Жыл бұрын

6 years and going strong! Thanks for being an Aluxer!

Are you seriously saying that people should invest in Russia (crash and dismemberment coming), Brazil (oh come on!), Iran (after oil, goodbye), China (coming population crash and famine) and South Africa (really?). Or Europe ?(dependent on US militarily). This collection of loser countries is trying to stave off the inevitable because they are in conflict with the States. With production shifting OUT of China, now is a good time to either reinvest in the US, or US client states like Mexico, Vietnam, etc.

I discovered the number in a book by Mark Skousen's 30-Day Plan to Financial Independence. It reoriented my thinking.

One myth they say is 'Money is Evil' SMH World

World! The last myth and the bonus EXPANDED my brain particularly. Thanks Alux!

Alux, make more videos about Bitcoin and Crypto.

I agree with most of this, except for time =/= money. I think as long s you're alive, you're trading your time for money.

One of the truest statements I read and take to heart is that just because you can afford something it doesn't mean you have to have it. That high ranking lawyer can easily decide to live in an ordinary house, drive a regular car, and wear jeans and a T shirt to the office for example.

World! Thank you Alux for the high level not eye level content. I’m open to exploring the 2x number

WORLD So what if we do invest in Yuan? How can we do that?

Hey Alux team, Amazing content as always. Can you make a video based on the geo? Like for the less privileged countries?

♡ Much love from Kampala Uganda, another great video. With this kind of knowledge, this generation has no reason not to achieve all it wants, especially financial success.

But if you work minimum wage (14 or less) but if they work 12 hours every day it’s still not going to be enough in the USA

I want to know them all🎉🎉

@alux

Жыл бұрын

Enjoy! btw: congrats on the second comment today Gabriella!

WORLD Alux always hitting it🤝 always watching from Uganda

@alux

Жыл бұрын

How’s our school doing in Uganda?

Your content means the WORLD to me, Alux!

Gold and silver is real money. Everything else is credit.

Great money mindset content

You can't save yourself to get rich. I have doubled my salary in under 4 years, once I understood this. I also added a good side gig and re-doubled my investing efforts.

ALUX, this video is good.😊👍👍👍👍😊☕☕

@alux

Жыл бұрын

Glad you think so

Do you think the market will rally in the next month?

@alux

Жыл бұрын

It shouldn't matter...

@Jholmesballa016

Жыл бұрын

Ok well I been hustling.

What? If I cant wake up tomorrow then ill wake up the next day.

@alux

Жыл бұрын

Smart.

I agree with the fact that investment can be done at all levels irrespective of one's income. I find it quite hard for someone in a third-world country where the system is not in place particularly Nigeria. However, I believe it will be best for one to start off a small business. For someone in this situation, what's your advise? I'd appreciate your reply.

World! Amazing content I love Alux

WORLD! I am excited about the big changes coming. They told me being rich was a sure way to go to hell… what a myth!! Thank you Alex lady.

ALLUX I LOVE YOU! retirement used to sound so scary! Now I get it from just the words I repeated! Thank you!

The WORLD can be a risky place...Although, hedging your wealth is an option. The world is rich in opportunities. Risk/reward and dividends as well as freedom and democracy should be a part of the equation.

WORLD!! Great content as always. Particularly glad there was a touch on the BRICS brew. Well done guys!

20m dollars is big money in my country. Only the super rich have this here

ALUX values dedication to upward change. Trolls value anything below the status quo.

@alux

Жыл бұрын

True

Za Warudo!

Love your content. Was kind of waiting on the bonus point though. Lol

your first point is wrong. whether its tim ferris, elon musk, zappos..they have to look bigger and better to get proof of concept. often there are big flaws in the early products that consumers would not buy if they knew (Full self driving anyone)?? so the video is wrong from the start

What about investing in yourself? Like skills from a hobby to a job.

@richlandzee8686

Жыл бұрын

Sure ONLY if it pays you enough. Imagine being a broke painter and you love painting. I want to be a singer but I don't have the voice nor the talent to be successful at it. Get a useful degree to support yourself first and I'll karaoke all I want when I retire. Many people say college is useless but I disagree. Imagine if you want to apply for an engineering, accounting or any professional jobs at Microsoft, what qualifications do they want in their candidates? As long as employers keep asking for these fancy expensive a page certificates, you have no choice. I think trade schools are an excellent cheaper choice. Either that or you take the risk and be an entrepreneur and see what happens. My mom once said, "I have nothing to give you but a good education, and none of you have the business genes," and she's right. We are all professionals who end up being corporate slaves our entire lives.

@joshduehr2898

Жыл бұрын

@@richlandzee8686 I can't sing, I can't paint, and I can't draw. But I can do woodworking, no I am not a master of my craft, but I have tools that allows me to make things for people that are willing to pay. As well as since I have tools I can offer other services to provide me with a means of making money. Use your talents to your benefit.

A WORLD of great information!

Read "Think and grow rich" Napoleon Hill. Thank You

People in developing countries believe that acquiring a college degree would lead to wealth. This is not true, especially in today's WORLD where money can be made in a variety of ways. Take social media influencers as an example.