Hello Aluxers and welcome back to another Sunday motivational video.
If last week we took a look at new money,
it’s the perfect time to flip to the other side of the coin.
Old Money is defined as: those whose families have been wealthy
for many generations due to the inheritance of wealth from one generation to the next.
Generational wealth is a powerful concept and by the end of this video, we’ll break down all the
signs someone is considered OLD MONEY. Let’s get started!
Number 1: You were born rich Getting the obvious one out of the way super fast.
You were born in a rich family. You never saw your parents worry about money.
Money was never an issue. You’ve never had “sleep” for dinner and just in the more recent years,
you began to truly understand the wealth you were born into.
You’re spoiled to some degree but do your best to remain humble because
people immediately judge you based on your family’s wealth.
Number 2: You try to hide your wealth from the public
Ever since you were a child you were told not to let people know how much money your family has.
This is mainly because your parents were scared of kidnappers,
but also that others will try to take advantage of you because of your money.
This made you quite reserved and always shifted the conversation.
Although money was never an issue for you, you played it off.
You’re scared that if people knew just how much money you had they would treat
you differently and nobody would take the time to genuinely know you. - that
is unless you’re a spoiled brat spending all your daddy’s money on superficial
things and flexing on the gram… we know a few of those and so do you.
Number 3: You have a driver in a premium car that blends in
If new money likes to drive a yellow Lamborghini, old money is in the backseat of the range rover.
You have a driver because someone in your lineage determined it’s
safer not to be in the driver’s seat. You try to blend in with everyone else,
but your family made sure to get the maxed-out version of the interior.
You like the smell of leather and the ability to
focus on your phone or laptop when you’re between meetings.
Number 4: Your money is industrial
Meaning, you can physically touch the money generators. Your family owns factories,
hotels, residential complexes and are key players in certain industries.
The products are shipped internationally and you grew up in a web of corporations that all
work together with a single purpose: to generate money for your family.
If new money is in tech, in bitcoin, or breaking edge stuff, the wealth your family has
comes from traditional sources. Your family builds things, makes things, or ships things.
The wealth isn’t available on a screen, but you can visit it in the
french countryside where your family has a vineyard and a chateau.
Number 5: Your family has people who make problems go away
We know you’re not allowed to speak about that one time your brother got
neck-deep in trouble and somehow it all went away. We know you chose to
be willfully ignorant about the source of some minerals used in your factories.
That’s why your family has people in place.
They shield you from anything that might damage the legacy.
You don’t ask questions, you shut up and let the lawyers do what lawyers do…
or accountants depending on the case. A while back we did a video on the 15
people rich individuals have around to keep themselves rich or make themselves
even richer which you can check out by clicking in the top right corner!
It’s a wonderful watch if you want to see behind the curtain.
Number 6: You focus on conserving the wealth you inherited
Your entire life is based on the: Slow and steady wins the race.
Your job in this chain of wealth is to minimize risk. CONSERVATION CONSERVATION CONSERVATION.
Buy land. Buy office buildings, buy shares that pay off dividends. Buy a small portion
of other people’s companies so that the money at least keeps up with inflation.
Your family gets scared when you pitch them innovative ideas. They’re scared
you’re gonna blow through the money and lose it all. So they’d rather play it safe;
that’s why you have a financial advisor anyway. Let him worry about what happens with the money!
6%??!!! Perfect, you’re not looking for anything more.
Number 7: You take pride in your family’s history You love to tell the story of how your great great
great whatever came to these lands on the initial boat with nothing but a few coins - and some
undisclosed cargo of a different skin tone- and built it all from scratch. Self-made man!
You’re all descendants from greatness, from risk-takers, and from explorers.
You take pride in what they built and how well
you’ve been able to keep it without screwing it all up.
That’s the key to generational wealth. Unless someone sells it,
it will keep growing and feeding everyone.
Number 8: You’re well versed in social events
Growing up it’s the musical chairs of social events. You go from one private party to another.
Your family is friends with other rich families, so you got to play around with other rich kids.
You learned to game. You learned quickly what it takes to impress the adults,
so you became well versed in the politics of societal constructs.
You learned how to sit, how to eat, which fork to use, and how to weaponize gossip.
You can charm your way to the white house and with the kind of wallets you have in your corner,
you might actually have a shot at getting to the playoffs before the campaign runs out of money.
Number 9: Your network and family name are the most valuable assets
This is the secret to your multi-generational wealth:
Rich people make a pact to keep themselves richer! Even if one family struggles for some time,
There’s no way everybody you know will be poor at the same time!
So they come together and figure it out.
These rich families bail each other out all the time. They move assets from one to another,
borrow money, save their businesses, and grow together knowing that if the table turns,
the other side will do the same for them.
Number 10: You spend months of the year in different locations around the globe
The phrases “Let’s summer in the French Riviera” and “let’s winter in the alps” are casual talk.
Your family most likely owns multiple properties around the world or at least
they’re large shareholders in a few resort and hotel chains. When you’re not in the states,
you spend time in Europe or Southeast Asia.
You hide your location from everyone else you don’t want to know where you’re at.
You take your online security very seriously but still want to access the same media resources
as back home. You don’t want to watch the Asian Netflix, you want the one back home.
For all of it you use a VPN so that 3rd parties can’t track you,
prying eyes don’t have access to sensitive information and your transactional data is safe.
We use a vpn as well for all of that. Go to alux.com/vpn and get an exclusive discount of 73%
off on the 2-year plan, thanks to our friends at NordVPN who were kind enough to support
our community! Protect yourself online starting today with a click of a button.
Number 11: You had to rise to other people’s expectations and prove them right
Everyone else has to prove people wrong.
OLD MONEY comes with high expectations. Everyone demands excellence and success from you.
You need to raise the level of these expectations and go beyond them.
This is one of those things other people can’t relate to. When excellence is the standard,
it’s super hard to go beyond it to earn respect.
Number 12: When buying a product, you care about its heritage
You want the good stuff. You want the thing that multiple generations worked on to figure
out the best way to do something. Your family drinks one kind of champagne,
drives one brand of cars and when traveling makes reservations to the same 2 restaurants.
Some call it heritage, some call it tradition.
Fundamentally, you want to go where you know you’re gonna be treated best.
You don’t go with trends, because you know how fleeting trends are.
Your vintage Porsche will be worth more in the future than it is now.
Here’s a golden rule for everyone if you want to take advantage of this strategy in life:
If you want to be rich, only buy things that appreciate in value over time!
Most heritage brands do. That’s why those Hermes Kelly bags go for so much.
Number 13: You went to an Ivy-League school because you’re a Legacy
Let’s call it what it is: premium higher education is just country clubs for the rich
youth. Your family pays the exorbitant fees in order for you to mingle with the right people.
That’s why it’s harder to get into Harvard, Yale, and so on, than it is to graduate from it.
Legacies get preferential treatment, your family makes a donation, starts a scholarship program,
builds a new wing or why not is the actual fund manager for the treasury.
This idea of gate-keeping, of closing off access to only a select few is at the
epicenter of your life; but let’s be honest, the benefits are just too good to give up.
Number 14: You look down on new money because they’ll blow through their fortunes
Old money looks at new money the same way we look at a circus caravan.
It’s fun when it’s in the city, entertaining to watch,
but we both know it’s gonna be gone in a few weeks and you’ll still be there.
Your entire wealth strategy revolves around the super long
term, while new money is the epitome of short-term thinking.
You’d be jealous of their spotlight if you didn’t see it come and go as many times as you have.
Number 15: You’re incredibly well-diversified
There comes a point in the financial journey of someone when you hit a certain threshold of
assets and diversification where you realize you’ll never be poor again!
There’s just so much money flowing in from solid
investments that money management is a bigger issue than new investments.
The 3 biggest sources of passive income for OLD MONEY are:
Direct income from owned landmark businesses
Rents from landmark rental properties Dividends from stock investments in
landmark companies. The key to long-term
wealth is to own landmark sources of income, the type that will be here 100 years from now.
Old money has over 10 sources of income in different industries!
This allows them to be safe no matter what the market does.
This is why the richest families in Florence 600 years ago are still the richest families today!
So this begs the question: What is your plan
to create generational wealth? Let us know in the comments!
As for those of you constantly watching our videos until the very end,
of course, there’s a bonus coming.
BONUS: Old money is being bought out by New Money Here’s something useful for you, the Aluxers.
Old money is on it’s way out. 85% of new millionaires are self-made.
The richest people in the world are in tech or financial markets.
Long are the days where the top rankings were dominated by royals or old elites.
The biggest transfer of wealth in history is happening right now!
Old money is scared and forced to liquidate their
beloved assets because new money is disrupting their industries one by one.
If you click in the top right corner, we made a special video dedicated to
exactly how this is being done.
Every business being done today will be done differently tomorrow.
Pick any one of them and learn to use the tools of tomorrow and do it now.
This is your one chance to take wealth from old money and transfer it to you.
Apart from crypto coins, look into blockchain technologies and how they
will apply to your industry. It takes less than 3
months to learn how to use and adapt them in whatever it is that you do.
You didn’t listen when the internet came around and traditional businesses got whipped out.
Blockchain, smart contracts, and automation are that next phase,
and hopefully this time you’ll pay attention.
If you’re ready to take advantage of this transfer of wealth, please write TOW in the
comments, the regulars won’t know what that means, but we’ll know you’re a true Aluxer!