We hate to break it to you, but the only way
to get rich without working is by working so hard.
You get to a point where you have
other people work hard on your behalf.
You cannot
escape the hard work, but you can be smart about it.
The smarter you are, the faster you get there.
So here are ten ways to put wealth creation
on autopilot.
First up, you've got to set your default mode
to hard work.
No days off until you can afford to.
The biggest difference between those who make it
and those who don't lies in their default settings.
Some people think that 40 hours of work
per week is enough to get them the lifestyle they want.
They're almost always wrong.
The thing is, it seems like a lot of work
until you make it your norm, your default.
Then it's just another 12 hour day.
Autopilot doesn't mean you don't do any work at all.
It means the path that you're on is predetermined
and you won't stop until you hit your destination.
Automate investing and out of earnings.
Here's how to think about it.
Your future gets paid first.
This means every time you get a paycheck, 30% of
it goes automatic toward investments.
This can be arranged with your bank.
Trust us.
And some of you guys
can confirm somehow the brain works in mysterious ways.
If you've got $1,000 to get you to the end of the month,
then that's enough.
If you only have 500, that's enough as well.
You'll figure it out no matter what.
If you're lower or middle class in the U.S., your 401.
Or your Roth IRA are probably your best bets.
Outside of that, it's probably stocks.
And speaking of stock investment.
Self compounding S&P 500.
Now, personally, we own the Vanguard S&P 500 index.
We no longer pick
stocks manually unless we want to have some fun.
The bulk of our automated investments is in the S&P 500.
We don't touch it itself.
Compounds
compound interest is still the most underrated way
of getting rich.
This is how you end generational poverty
with only $10,000.
If the day your child is born, you buy $10,000 worth of S&P 500
and just leave it there to self compound.
By the time your children are of retirement age,
that fund will have grown to over $1 million.
Do that for all of your children and grandchildren.
No matter how much you're struggling,
if you work hard, you'll get to ten K.
Put it in the markets
and just simply forget you ever had it.
65 years later, they're taken care of.
Continue creating forever green IP.
Another smart way of growing your wealth on autopilot is by
stacking licenses, trademarks, patents or royalties.
Start protecting some intellectual property
and then license it out
every time someone else uses your brainchild.
You'll get some money in your account.
The beauty about this is that almost no
ideas are too ridiculous to factor in.
In 1997,
someone dreamt of the idea of a pirate made out of rubber
and made a comic book out of it.
Two years later, it became a cartoon.
25 years later, it's become a real life TV show on Netflix.
At every stage of the way,
the creator is getting perpetually paid.
By the way, one piece has 1075 episodes out so far,
and they're not stopping reinvesting profits,
be it a business or investing in art.
The name of the game is How big can the value
of your portfolio get until it's time to liquidate it?
Y'all know rich people love art, right?
And it's not because they get it,
but because it makes them even richer.
Billionaires aren't rushing to sell their Picasso's.
They've gained value every year
when traditional investments
struggle to weather the storm year to year,
which is why 95% of billionaires
allocate at least 5% of their portfolios to fine art.
And why so many Alux’s subscribers
are joining our sponsors?
At Masterworks Masterworks is giving you the chance
to add a potentially risk reducing element
to your portfolio while maximizing growth potential.
Their team has used decades worth of data and experience
to do the dirty work for you and delivered
positive returns on 16 straight exits.
They've paid out over $45 million in returns
to investors who didn't need art experience
or world contacts.
Over 800,000 people have joined so far
and offerings have sold out within hours.
But since so many Alux’s subscribers are on board,
you can still skip the line and get started today
by going to masterworks.art/alux
or by clicking the link in the description.
Hiring a CEO you built a company
doesn't necessarily mean that you should run it.
There's actually a better position
to set for yourself called a chairman
or being on the board.
This allows
you to hire and fire the CEO of your own company.
Now, the truth is,
some of you are great at starting companies,
but lack the necessary skill set to build an H.R.
department scale to multiple locations
and get stuck in meeting after meeting.
That's when you either sell the company at the level
it's at, or you bring in a CEO.
Having a CEO report to you still keeps you engaged
with the business, but takes all the stress away.
And that's if you're doing a decent enough job.
Just get your dividends and you live your life
even better.
Use those dividends to secure the future even more.
By every year, acquiring a cash flowing property
here is the only secret to wealth there is.
You don't get to spend the money you earn.
You use it to buy things that make you more money,
and then you spend that money.
If you have a business that's making you bank,
use that money to buy yourself some rental properties,
buy them cash.
No debt really.
That way
the money you earned is secured
and every month that property will pay you
a little bit of money
that pays for groceries and utilities.
Try to buy at least one property every year.
Pretty soon you'll have three, four
or five of them and all of a sudden
they start paying
for your holidays, for your children's education.
You keep at it for a minimum period of time,
and then you'll hit a crucial amount
where every year
your rental properties pay for another property.
This usually happens around 10 to 12.
The rental income is high
enough for you to buy even more rental properties.
This is a spin wheel of wealth where at any point
you can retire and live off of them.
Getting to ten properties means your wealth goes
up every year on autopilot.
Invest in a rate.
If you think buying properties yourself is demanding.
Although we do recommend
a property manager to deal with most of those headaches,
there is an option of investing
in a real estate investment trust.
Investors bundle money together,
the fund buys buildings and the rental income
from the entire thing gets distributed to investors.
This way you don't have to worry
about dealing with the tenants or collecting rent yourself.
Rights are a viable alternative,
with similar earnings as the stock market,
making them one of the safest autopilot investments.
Hire a wealth manager.
A wealth manager is
someone who grows the money on your behalf.
$250,000 seems to be the minimum
where wealth managers would accept you as a client.
The average person waits until they have 2 to $5 million
in investable earnings
before they approach a wealth manager.
These are funds, institutions or in some cases, small
family offices
that charge around a 1% fee for managing your funds on
your behalf.
So all you have to do is get to $5 million
and then trust them enough to take care of your future
on your behalf.
And finally, automate your learning.
You will be just as rich as your mind is.
So you've got to keep yourself sharp.
You cannot stop learning.
You have to make an automatic habit out of learning.
You wake up, you make your coffee,
and while you drink it, you get smarter.
Listening to an audiobook.
Listening to a podcast, reading a couple of pages,
or using a special tool specifically designed
to increase your focus and expand your mind.
It's like taking yourself to wealth therapy.
The only tool specifically designed to do
this has a shameless plug here.
The ALUX app we pay high end executive
coaches on your behalf
and have them teach you the same actionable lessons
their million dollar
plus per year clients get for a fraction of the cost.
The app is available at alux.com/app
and we're on a mission to make 1000 millionaires.
The most recent man to join this list is Paul Nelson,
a 47 year old mechanical engineer
from Green Bay, Wisconsin, in the U.S.
who just made his first million.
Every time one of our users crosses
that million dollar line,
they send us an email and we add their name to a list.
This app works. Okay.
Other people are making progress
while you're on the sidelines debating it.
alux.com/app so stop missing out.
One year of using the app
daily and your life will look radically better.
All right.
So normally we do a list of 15 things, right?
And, you know, we tried doing that here,
but it didn't feel right.
Anyone who sells you wealth independent of work
is hustling. You okay?
They're getting rich off
of your hard earned money, so there's no such thing
as made for you systems that will get you rich
if you had a way to turn $1 into $2,
you'd run the machine over and over again
until it no longer spewed out new dollars.
Remember, people will always try to sell you the dream.
Amazon FBA is private investing group memberships.
Now they're selling YouTube channels.
Okay, it's all bullshit.
The only thing of true value is deep
education that allows you to make progress yourself.
Everything we mentioned on this list requires you
to become someone who is truly worthy of wealth
and can at any point monetize their own skills.
Wealth on autopilot implies that you have acquired
so much wealth already that the residuals,
the interest on your wealth is more than what
you could spend.
You get rich
by taking a lot of risk with a little bit of money.
You stay rich by taking very little risk
with a lot of money.
The goal is to get to the stay rich part.
And since you're still watching this Sun
motivational video, we saved you a bonus.
Of course, there is no magic end or magic formula.
No, the phone isn't going to ring one day
and someone's going to tell you that you've made it.
There's no end in sight because nobody else
is keeping track of your race.
It will never be automatic.
It will never be easy.
Nothing of value is easy or comes easily.
You're in this race for real,
and the only way to escape it is to stop running.
You'll never have enough.
But if you keep running,
you'll have more than you currently do.
You will be able to help more people
and you'll find purpose in your work.
Once you accept that hard work is inevitable,
at least then you can refocus your efforts
to make the most out of the experience.
We hope you'll be wise enough
one day to realize this elixir.
And if you're already there,
please write the word WISE in the comments.
Let's see how many of you have already figured it out.