Hello Aluxers and welcome back to a very personal Sunday Motivational video.
Growing up poor you look up to those with money
because you see them as free from the chains of poverty.
After figuring out the game of money it took roughly 8 years for us to go from
0 to our first million. Because of our background,
you get a very different perspective on money than those who grew up with it.
It took us becoming multi-millionaires to see how the world around you changes
in behavior depending on your perceived wealth.
Since there are no other resources online talking about this, today
we’re sharing what we learned first hand. No sponsors, just you and us!
Here are 15 things having money teaches you about other people. Hope it helps.
Number 1: Money validates you in their eyes In the collective mindset, money shows ability.
Money prequalifies you when you enter a room.
The rich will allow you to sit at the table because there’s a common
understanding that everyone around it is able to pull their own weight.
The poor, see you as all-competent and all-knowing, just because you have money.
Your words carry more value and they tend to agree with you more, even if you’re speaking
outside of your area of expertise. “He’s rich, so he must know what he’s talking about.”
This is a dangerous slope to navigate. Stay humble and focus on
where your ability can move the needle for everyone involved.
Number 2: When you have money, you see how high the stakes are for people around you
When you have money, you get to sit down behind the curtain. You see how other rich people move,
how they act, what kind of deals they make, and how they’re able to connect the dots.
The truth is, The rich are constantly stressed out!
As they’re always working on something new. It’s exciting to them, but it requires focus, because
it’s not just their wealth at stake, it’s also all the people relying on the project to work out.
When you have a front-row seat to both worlds,
several distinctions become clear between the rich and the poor.
The rich are always focused on bigger and bigger deals & new ideas.
The poor on the other hand, have little at stake. For them,
there’s nothing new happening. They always complain about the same things,
the job, the bills, the neighbors, the government. It’s the same narrative over and over again.
Number 3: Everybody has a price, even you. We’re all thinking we can’t be bought,
but the truth is, even with money you still choose
how you wish to trade your time and what the exchange rate for that transaction is.
We all have 24 hours in a day, but our time isn’t valued the same!
When you get really good at something, people are willing to pay you what your time is worth.
A couple of weeks ago, an investment fund we’re on the board of, offered us a
multiple seven-figure deal to join the fund full-time. We worked so hard to buy ourselves
the freedom to do anything we want in life, but it honestly kept us up at night thinking about it.
It’s fascinating how you think you don’t have a price, but if the offer on the
table is high enough you’re considering it. It was a very revealing experience for us.
We respectfully declined, because we have a long way to go with Alux and
our vision for the future. We’re here for the long run Aluxers,
so like this video and subscribe to our channel because we’ve got big plans coming up!
Number 4: Some people won’t close the gap, so you have to leave them behind
Here’s something you learn about your friends when you start making money.
In the beginning, you all start at the same level. As your life progresses,
you keep moving up while they remain down.
There are only 2 ways to close the gap:
The first one is for you to go down, which means losing
the progress you’ve worked so hard to achieve, which is out of the question.
The second one is for them to rise and close the gap from the bottom-up.
You can help them do it if they’re willing.
But if they do not have the desire to close it, the gap will keep on increasing as you
go on becoming more than you are. At one point, you just have to leave them behind.
Number 5: Once you have it, money is overrated - but they don’t know it
It took us getting everything we dreamed of to realize things are just things. Here us out:
The moment you no longer have to chase it, the magic goes away!
It’s an important distinction to be made here. Sure, the paid-off home dramatically
increased our comfort compared to when we were renting a shitty place. Yes, the SUV is safer
and more comfortable, but there’s a threshold of pleasure that once you achieve it, more of
something doesn’t give you more pleasure. The current level of comfort becomes your standard.
We’re incredibly grateful for everything we have,
but a bigger penthouse or an even more expensive car won’t alter the quality of our life.
It’s called the law of diminishing returns.
Ironically, now that we have money, we spend most of our time doing things that are free,
like walking in the park, reading, and spending quality time with friends and family.
Money won’t buy happiness, but it allows you to enjoy the things that make you happy!
Number 6: People want the outcome, the secret to your wealth, not the process
People who don’t have money think you know a deep secret that nobody else does.
That you’re privileged to access, to closed meetings, to unfair advantages.
It’s how they justify the gap between you and them by no fault of your own.
We learned how to start a business and invest money from books and events.
there wasn’t an Alux.com when we started out so we built it for people just like us.
Here, have everything we learn and experience for free on youtube.
People don’t believe us when we say we share everything here.
We posted our stock portfolio, our crypto portfolio, how we structure
our real-estate investments and how we negotiate our deals.
Newsflash… the process is out in the open. Anything you want to do in life,
there’s someone out there that did it and documented the process.
For the first time in history, we all have access to the same information and
roughly the same tools. It’s now a matter of discipline, focus and putting in the work.
Number 7: They think money solves all your problems and treat you as such
This is actually a very valid point if you’ve experienced poverty firsthand.
When we were poor, money would've solved all our problems in our life,
because every problem was a money problem for us.
The thing is, there are a variety of problems you’re not aware of
when you’re struggling to put food on the table or keep the lights on.
Urgency trumps depth in the hierarchy of perceived problems.
It took us solving our money problems to realize just how stressed we are,
just how fragile our health is, and how we neglected it in the process of building wealth.
People struggle with happiness, with purpose, with depression, with genuine relationships
just as much as poor people struggle with paying the bills. You barely stay afloat.
The downside of being well off is that you can’t bitch to anybody about it,
because you sound like a privileged brat, but these are deep problems that can not be ignored.
People assume that once you have money you no longer have any other problem
and they treat you as such.
Number 8: People are embarrassed by their lack of money
We like to keep our wealth to ourselves but news travels fast and since you don’t
tell them the numbers, people always assume unlimited amounts of wealth.
Whenever meeting with extended family, they feel ashamed or embarrassed by their living conditions
despite us growing up and sharing the same plate of food with all our cousins for example.
Money just reveals more of who you are!
If you were an a-hole before the money, you’re probably an even bigger one now.
To be honest, the theatrical part of money is a bummer. We’d pick
beers with people we vibe with any day over fancy wine over rich snobs that have no depth.
Number 9: When you disagree with them they will always say money changed you
The truth is, the person you are today is different from the person you were 10 years ago.
For us, in order to become the person worthy of the wealth, we had to continuously evolve,
grow, learn and mold ourselves into something we’re proud of.
You know we love Jay z, so here’s a quote from him that knocks the point out of the park:
People look at me strange, they say I’ve changed, Like I worked that hard, to stay the same!
We worked hella hard to become the person we are today because nobody
gave it to us and probably nobody will just hand it to you either.
Listen closely for this is quite valuable:
Growth and evolution don’t sit well with those who benefited from you serving them.
When you focus on yourself, instead of them, they’ll say you changed.
Personally, we noticed this with the family, which although we respect and love,
used to have a bit too much control or input into what we wanted to do with our lives.
The moment we freed ourselves from them, the moment we took life into our own hands
and became successful, they said we changed. We still take care of them and enjoy spending
time with them, but they no longer have the same level of control over us.
When the chains of control are no longer part of the equation,
all you’re left is with who you are as a human being. That’s where you
figure out if you like each other being true to who you really are.
Number 10: If you choose the right partner, the money is fine but you’re still grounded
A quality partner makes all the difference,
especially if they were walking up the stairs along with you.
If they experienced hardships alongside you, there’s no way
either of you is taking this little bit of success you now have for granted.
You keep each other grounded. They’re your one source of truth.
They’re the only ones able to call you out on your bullshit.
You see, when you have money, people tend to default to
YES in relation to what you ask of them! While when you’re poor, they default to NO.
This puts you in a very fragile situation where you become surrounded with YES-MEN. You enjoy
always being right and in their good graces, but it can become blinding and you need you focus if
you are to win this game over the long term. At the end of the day, it’s just the two
of you lying in that bed. Make sure they’re the right person.
Number 11: The poor are emotionally attached to money, while the rich see it as a game
When we were poor, we never really understood the way rich people treat money.
It was bizarre to us how someone is willing to spend on a car more than the entire cost of the
house we were renting. The idea of spending so much money feels weird internally.
When you’re poor, money is emotional!
You cry because of money.
Lack of money makes you unhappy!
Don’t get us wrong, even today when we can afford it, spending anything that’s more
than twice what we used to spend back in the day still feels weird, but now we understand the game.
Rich people see money as monopoly money!
It’s all part of a game and here’s the only rule that if you know and
follow you will be rich for the rest of your life. Are you ready? Here it is:
You can buy anything you want in life if your investment is paying for it!
Let me put that into simpler terms:
If you want to buy a car, buy an apartment instead and use
the money you get from renting out the apartment to pay for the luxury car.
If you’ve ever played the game of monopoly you know that you’re using the money from
rents to buy more and more properties and grow your fortune. We love that game.
As a matter of fact, in the description and top comment, we’ll leave a link to amazon
so you can buy yourself a monopoly board game this holiday season. It’s only $10 + shipping
or whatever. Order it today and we want you to play it but this time through the lens of
real-life decisions. It will be worth more than reading 5 or 10 books on money. You’re welcome!
Number 12: The more money you have, the more you want to be left alone
Something weird happened as our wealth increased. We’re a mix of extroverts and introverts.
As we said, we like hanging out with people we vibe with, but that’s where we draw the line.
Generally, these days we want to be left alone.
Ideally, we want to be invited everywhere and pick if we want to go or not!
We dunno if that makes sense for you guys, but that’s where we are right now.
Money gives you the superpower of saying NO.
We love saying NO to things that we know would make us miserable.
We still say YES to things that are important to the people we care about,
but kicking it with your close ones allows you to be yourself and have your guard down.
Nobody will pitch you their new business idea, nobody will ask you where to invest 10k.
There’s a distinction between work and personal time and as your wealth grows,
you become a lot more aware of the value of personal time.
Number 13: Everyone will overcharge you for anything
Something we experienced first hand when we were furnishing our new home is that people are like sharks…
they smell the blood in the water. And it’s not like you can hide from your
contractor the fact that you’ve got money, so they’re charging you extra for everything.
You can nitpick and negotiate everything to the bone if you
have to, but there are different bargains you have to account for:
Because your time is more important than the difference they’re charging,
you’re willing to pay the extra bit just to get it over with. This gets optimized
if you’re able to pay a project manager to take care of all these negotiations on your behalf.
Here’s a super valuable rule that has become a staple in our relationship with everyone:
We’re willing to pay twice the price for 5 times the quality!
Quality products are expensive, so don’t bargain the price: instead demand quality.
Your net will be positive and you will be pleased with the trades you make.
Number 14: Most people won’t know you’re rich unless you advertise it
Wanna hear something crazy? You walk by rich people every day and don’t even know it.
It’s a cultural thing to assume that once you make money you want to flaunt it,
but that’s not actually how it is.
Once you get over that initial desire to buy all the things you couldn’t afford before - we
call these “the wounds of poverty”- you no longer feel the need for all the flashy stuff.
So you just go about your day normally. Yeah, the clothes,
the shoes are of higher quality, but you don’t feel like being a walking billboard.
True wealth doesn’t want the attention, you just want to go about your day.
Most people can’t tell the difference between a $100 and a $15000 watch.
They might recognize then brands if they get close enough, but that’s not the case too often.
So yeah, unless you scream it out into the world, most people won’t
know or care that you’re rich, they’ve got their own things to care about.
Number 15: People are eager to do you favors
You’re no longer transacting in money, instead, it’s in favors, clout, and network.
“Do you have time for coffee to look over what we’re doing at my company?”
“Can you introduce me to so-and-so?” These become the norm.
There’s an unspoken contract between parties where:
If I help you with this, you have to come back with something of at least the same value.
This is how the rich grow wealth together and if we knew this earlier it would’ve taken us
half or just a third of the time to get to the level we are today.
Your goal in life is to get specialized knowledge! Simply put, be really really
really good at one thing and then trade that skill for everything you need to get what you want.
Here’s a personal example: one of our friends is a well-known architect and
he’s also an investor in a liquor business. We helped him transition his company from office
to digital and now he does more in online sales than in his brick and mortar stores.
We didn’t ask for a percentage or share or anything, because we’re friends,
but that’s where the side benefits come in. A few months pass and our friend brings
us an amazing real-estate deal that he had access to through his architectural company.
Learn to trade favors based on specialized skills.
You’ll build wealth twice as fast and create powerful friendships along the way.
Having money thought us a bunch of lessons about people and it makes us value those we allow in our
inner circle the most, so we want to pass the question onto you. For those of you who made a
little bit of progress in life: What did having money teach you about the people around you?
We really appreciate those of you taking the time to provide
value for the community in the comments and can’t wait to see what you’ve learned!
As for those of you watching until the very end, of course, there’s a bonus coming!
BONUS: Measure your wealth only in unearned income
As long as you have to work for money, you’re not wealthy!
We don’t care how much money you earn,
as long as you have to keep showing up and deliver, you’re not there yet.
That’s how you transition from being rich to being wealthy!
This feeling you have inside of you will only go away when you’ll no longer need to
do anything… it is only then you will do things based on your own desire.
If you figured out how to make $1, you can figure out how to make $100, $1000, $10,000, $100,000.
You have to MAKE the money, not EARN the money. That’s the crucial distinction. Making the money
implies the creation of a system, of a machine, of a business, of a side hustle that generates income
on your behalf with your supervision. EARNED income, implies you have to work hard to get it.
Here’s the trick that those who don’t stick until the end will never know.
Money has the power to make more of itself!
You just have to know-how.
If you can get yourself up to $400,000 in investable cash, there are safe and
low-risk instruments out there such as the S&P500 that historically have brought in a 10%
return on a yearly basis. Some years it’s less,
some years the economy is booming and you’re getting 20-30%, but it averages out at 10%.
With $400,000 invested, that means your money is earning you $40,000 per year.
The average income in the united states as of making this video is $31,100 per year.
Half of the US population is earning less than $31,100 dollars per year, WHILE WORKING!
If you get to a million, that’s over $100,000 per year. These people no
longer need to work because their money is making so much money on their behalf.
Wanna hear something even crazier?
As of the end of 2021, there are approximately 56 million millionaires in the world. We’re
not sure the mind can comprehend just how many people can simply choose not
to work and live a very comfortable life. 56 million.. millionaires...
The year is coming to a close and we’ve never seen so much abundance of money flooding every market.
We’re witnessing probably the biggest opportunity to build wealth history has ever seen.
This is your freaking decade! We don’t care where you’re from, we don’t care what school
you been to or what job your parents have. Everyone who’s committed to making money will
build wealth before this decade is over. Take this period over the holidays to set
your affairs in order and put together a game plan before the year comes to a close.
You’re smart enough to realize just how big this economic shift is and you actually have
all the tools needed to take advantage of it. If you’re ready for the wealth games to begin,
write START in the comments! Let’s see who’s joining us!