Hello Aluxers and welcome back to the part 2 of our Purpose of Wealth series.
If this is the first time you’re watching, we recommend you start with part 1.
Wealth is a topic that fascinates a lot of us as it goes beyond just money.
If last time we discussed wealth as a facilitator of freedom,
today we will discuss wealth in a different light, one of protection, of safety nets and more.
Since our early days, the one that survived the storm carried their genes forward
and in time we understood just how important shelter & survival are.
Every living being out there wants survival for themselves and for their offspring,
with most being willing to sacrifice themselves as a last layer of protection for the new generation.
Today we’ll discuss the role of wealth in this process of survival and protection.
The first one we’ll cover is also the most obvious one:
PHYSICAL SECURITY Where through wealth
one can directly protect the health of those sitting under the wealth umbrella.
This is why wealth gives the bearer a great unfair advantage, it gives you
that slight edge that might allow you to escape death's grip where others wouldn’t be able to.
The most direct example is medical costs, where you don’t have to start a gofund me
hoping to go viral in order to take care of your childs’ surgery.
You just pay for the best medical treatment your wealth can buy.
Money buys you a fighting chance.
This is why rich people buy expensive SUVs.
If you get in a car accident and you’re in a VOLVO or a TESLA, your chances of survival are
slightly better than if you were driving a less secure car.
Rich people understand this and leverage their fortunate position to protect themselves and those they love.
In terms of Physical security, you can even look beyond that,
where wealthy individuals move their families out of less safe environments.
While the average person is stuck in the environment they’re born in, the rich, through the power of wealth,
simply pick their families up and move everyone across the world to get their families out of harm’s way.
As an individual you are responsible for your own physical security and that of your inner circle.
No matter the dimension of your wealth, you should carefully consider how to
deploy a good portion of it to provide this type of security.
It’s a long term insurance policy that you don’t want to skip out on.
Immediately after the one where you actually die,
is the next type of security that wealth can facilitate:
SECURITY FROM POVERTY And all that comes with it..
All the pain and sometimes misery.
We are hierarchical creatures and although money doesn’t buy you happiness,
it can get rid of a lot of sources of unhappiness.
Wealth is meant to solve this for you, it’s there to make sure you
and those you care about will never return to a deficitary state where
you have to worry about keeping the lights on, heating or putting food on the table.
This is the fundamental reason why you should focus on building wealth apart
from building lifestyle - it’s also why you see famous people go broke
- they’re so tied up in maintaining the lifestyle that the cost of opportunity results in them sacrificing wealth.
The secret is, you can actually achieve both,
but you need to build wealth first and allow wealth to pay for your lifestyle.
What would happen if you became incapacitated and unable to work for the next 12 months?
Would your family be ok? How much of your lifestyle will be impacted?
Maybe poverty isn’t an immediate worry for the majority of you, but what about debt?
Today’s society runs on debt,
almost everyone out there has this gloomy dark cloud of debt following them everywhere they do..
Can you imagine having this burden off your shoulders? To know that you are free?!
We know what is like growing up and not having much..
And the pain and harm - that the lack of something so trivial as
money has caused us.. This is why we’ve made it our mission to never get back in that space..
Wealth protects you from ever feeling like this ever again.
A common mistake people make is believing that a well paying
job is the same as security from poverty, but they are mistaking.
They lied to you, but they lied because they didn’t know any better.
They told you that in order to be rich and successful
in life you will need a well paying job.
This is not true.
Nobody gets rich working for someone else.
In order to build wealth you need to OWN things that appreciate in value rapidly!
Which brings us to the next type of security:
SECURITY THROUGH DIVERSIFICATION
If you want to be rich, you need to own a business.. Parts of other businesses..
Real estate.. In demand commodities or - what is
commonly referred to as - STORES of VALUE: like bitcoin, art or gold.
By the way: if you go to alux.com/bitcoin you can learn how to get started with crypto and
invest in Bitcoin while the price is still low at under 100,000 dollars.
For as long as you can remember, wealthy individuals in history were pictured as having
incredible amounts of gold, that’s why treasure chests were filled with gold coins.
The true purpose of wealth is to completely remove the financial burden from the individual.
The only way to truly achieve this, is by having multiple sources of income independent from you.
If there’s one thing you remember from this entire series on wealth we’re doing, let it be this:
As long as you live, if you will manage to create multiple sources of income that do not
rely on your input to generate income, you will be free, rich and never have to worry about money.
This type of diversification of income is the most advanced type of financial security.
It’s super important because it protects you for the next type of event.
SECURITY FROM BLACK SWAN EVENTS
For those of you who’ve never heard the term before,
A black swan event refers to something that is statistically unlikely to happen,
but does happen every once in a while… Leave a comment below if you didn’t know black swans existed.
For example, the pandemic was a black swan event. The poor were the hardest hit.
We’ve all heard Ellen complain about how terrible the quarantine is from her 27
million dollar compound and access to high quality medication 24/7.
Wealth gives you the power to combat that 1 in a million rare illness that costs fortunes to treat.
Wealth gives you the unfair advantage to be ok
when everybody else would be in complete panic mode.
It’s the ship you have in your backyard knowing damn well that at some point the flood will come,
especially since you’ve seen the clouds be different more recently.
And lastly, SOCIAL SECURITY
And no, we’re not talking about your social security number..
By Social Security we mean putting distance between you and the harm society can cause you.
Discrimination is playing an incredibly nefarious role in our society and
to some degree, wealth can shelter you from it.
Success, fame and wealth serve the same purpose: security through elevation.
Wealth goes beyond your skin tone, your accent or your birthplace. It levels the playing field
among the participants and it’s hard to look down on someone who’s wealthier than you.
Unless you screw everything up on an incredible scale, through wealth you will be fine.
The purpose of wealth is to protect you against any type of hard, mental,
physical, emotional and spiritual.
If you want your kids to be safe, become wealthy!
Which is why we’re now passing the question onto you:
What is one time in your life where wealth could’ve bought you security,
but you didn’t have it?! Let us know in the comments!
As for those of you still watching, here’s your bonus:
Bonus: SECURITY THROUGH NEW LIVES What if you could flip a switch
and starting tomorrow you would be someone else, in a new country, with a new name,
a new identity and the world as your oyster?
What if you wanted to escape it all and instead of calling it quits like most people do,
you could choose to simply become someone else?
Wealth allows you to do just that. It can open doors, get you citizenships
and make new homes for you if that’s what you decide to deploy it towards.
Wealth is always welcomed everywhere it goes and because you have it,
so will you. Just make sure to take care of it.
Be rich enough that you could be anyone in the world and still choose to be yourself!
Hope that you found this second part interesting enough to watch it.
Part 3, 4 and 5 will probably come at a later date during the week, as this series is by no means over,
but next Sunday we’ll probably cover a more time sensitive money topic,
so make sure you check if you’re still subscribed to the channel.
The keyword for today is SECURITY. Write it down in the comments to let us know
you’ve made it until this point in the video. We thank those of you who do!