Ever wondered what the ideal team looks like for someone who’s made it to the top?
Hello Aluxers & welcome back to another fascinating Sunday Motivational video!
Today we’re giving you a glimpse behind the curtain into the way wealthy individuals
structure their inner circle and network.
The goal of this video is for you to understand that:
We’ve established that there’s no such thing as a completely self-made individual,
That’s why today’s topic is so valuable! Here are: 15 People The Rich Have Around Them
They see the family as separate and superior from everything else and this isn't something new.
Wealthy families have put their own family above everything for centuries,
that’s why the richest families in Florence 500 years ago are still the richest families today.
Wealthy individuals build their fortunes around their family
and every member pushes towards the same goal in their own way,
because at the end of the day, who else is more trustworthy than your family?
Family members have a massive unfair competitive advantage
that spurs from the inherited trust they are bestowed with.
No matter what happens,
you should always be able to come back to your family and know that they are there for you.
These are the immediate connections who’ve stood the test of time.
They know you and accept you for who you are.
They will be there for you in the rainy days with an umbrella and with champagne glasses when it’s time to celebrate.
One of the most valuable lessons we’ve learned in the past few years
is how to measure success.
Learned this from Shawn Carter:
The wake-up call came when we realized that:
Make your inner circle rich and they will return the favor.
Outside of your immediate friends any wealthy individual needs two powerful tools in his arsenal: LAW & FINANCE.
Here’s something you probably didn’t know.
A statistic from last year said that the number 1 way Americans see themselves getting rich is by suing someone wealthy in winning.
For middle class americans getting hit by a public bus - and surviving obviously - or
minor physical damage during work could mean you hit the jackpot.
The United States has more lawyers than all the rest of the world put together:
almost 800,000 of them.
90 million lawsuits are filled every year.
Most of them target companies and the wealthy, people who have something to lose.
There’s even a running joke between rich people that says:
People see you as a target.
Even a great guy like Will Smith gets sued on average around 20 times per year.
You need a good lawyer, they'll keep the predators away and makes sure you get paid.
The other side of the valuable tools rich use are people in charge of their financial optimization.
That’s how Trump ended up paying only $750 per year in taxes:
you have to play the game by the rules.. The thing is: there are so many rules you don’t know about.
Wealthy people can afford to pay someone to go through every
single one and figure out ways to leverage that in your favor.
Just a quick reminder:
Do you remember when the Panama papers came out revealing how all the rich people were moving their money
offshore to dodge taxes and the story just went away and nothing happened?
Well.. actually the journalist breaking the story died in a mysterious car accident
It’s actually super easy to pay little in taxes if you form a corporation.
We’ve made several videos that break down how to do this, one of them is 15 Reasons Why the rich are getting richer.
As your wealth increases the more you begin to truly understand the value of time.
Which is actually a great question to ask yourself right now?
Take a moment to come up with a realistic and true number.
With that answer in mind, you should never do anything that can be outsourced that’s
worth less per hour than your hourly rate.
we never return online orders that are worth less than our hourly rate.
The time to go through the process is more valuable than the item itself, so we just gift or donate them.
You all have the image of the assistants in movies bringing coffee, but that’s not what most assistants of wealthy individuals do.
A great assistant will do 2 things for you:
That’s all there is to it.
Time management and problems solving for issues lower than your hourly rate.
This is more of a function attributed to an individual than an actual separate person.
For some, the confidant is their lawyer, the accountant or the family friend, but everyone needs this person in their life.
The function of the confidant is that of a buffer of secrets, intentions and ideas.
This is the person who you trust completely, they know your secrets, they know you completely and
they can provide honest feedback without judgement or the fear that the secrets will be leaked.
The emotional burden released with getting something off your chest is something quite
valuable for everyone of us, but be very careful of who you pick as your confidant,
for this person has enough ammo to ruin your existence if there were to go rogue.
The very first point on this list was FAMILY.
Children are a crucial part of the family, and as every parent knows, quite a time-consuming part.
Here’s the main philosophy we’ve identified among
wealthy people when it comes to nannies and raising children:
With wealth, time gets scheduled differently and you want to make the most out of every interaction you have with your children.
A nanny is there to fill in, the times in between.
Nannies free up time to spend with your spouse, go on dates,
keep the flame going otherwise the entire family will suffer.
There are many nannies who earn in excess of $200,000 per year
and people will happily pay to get the best possible education for their children.
This happens inevitably once you hit a certain amount of money depending on where you live.
It’s at the point where you have more discretionary income than you know what to do with it yourself.
This is a person who is versed in the financial world and risk mitigation.
Their job is basically to make you more money out of the money you currently have.
They go out into the marketplace and find opportunities for you to invest your money.
They structure deals, provide detailed reports on your financial performance
and in some cases, they make sure your children don’t blow through everything you’ve built.
Most wealthy families have a dedicated financial manager.
An alternative are hedge fund managers who basically do something similar, but not on an individual level.
Every rich person has a very conservative politician friend.
The process is fairly simple.
You have a friend that wants to be the change they want to see in the world.
You have money.
Money buys marketing and a good campaign -> which gets your friend elected in office.
When the time comes for your friend to weigh in on topics that relate to your activity,
he votes the outcome more favorable to you, as a token of your friendship.
In some cases your friend will also grant you government contracts with the rewards being split between you two.
In the developed world, what we just explain to you, is called CORRUPTION,
In America.. Is called LOBBYING.
If you laughed at that joke make sure to hit the like button for the YouTube algorithm!
A mentor is one of the most valuable people one can have around.
Your mentor is someone who’s walked the path you’re on right now and can provide guidance on the smoothest way until the end.
How amazing is it to have a person you can go to for guidance and answers to
questions that bother you and know that they have your best interests at heart?
A quality mentor can save you 10 or more years of making mistakes on your own
and millions of dollars in the long run.
The amazing thing is that you no longer have to pick from the people in your city, today you can
have mentors all around the world; matter of fact, we built alux as a mentorship resource.
We’ve had great mentors along the way and all their knowledge
gets infused into these daily videos for you to thrive on.
Outside of ALUX, we strongly recommend you pick up Tribe of Mentors - link in the description
It's a book by Tim Ferriss who put down all the best advice from all the successful people he came in contact with.
We know some of you might not be able to find it in your local book stores so we reached out to our friends at audible and if you go to alux.com/freebook
and this is the first time you sign up, you can get the audiobook of Tribe of Mentors for free.
Thank you for supporting the community audible!
Most private bankers offer financial management services as well but their main function is quite different.
A private banker is the person who secures funding when you need it.
They’re basically a piggy bank for your financial projects.
Need 10M to build a new apartment building? Sure!
You’re low on cash and need 5M to pay for your shipments,
no worries, your private bank has your back.
These people are willing to loan you money because you’re rich.
You have more than enough assets to cover your debts in case anything goes south + they trust you;
you’ve done business together in the past and it worked out great for both parties.
These are the people that make sure you’re safe from every perspective.
They protect your life, your home, your family, your data and more.
The wealthier you are the more money that goes into security.
It also happens with fame.
Just to give you a perspective into security costs.
Someone like Kylie Jenner spends between 300-400,000$ every single month on security.
It’s really expensive to be famous and rich.
Today, more so than ever. Everything about us is online.
We live online, we spend online, we bank online and all your activity is being
monitored by … basically everyone who’s interested in seeing what you’re doing.
Which is why we strongly recommend you use a vpn service that hides your online activity.
With one click your anonymize your digital fingerprint away from prying eyes.
- it also allows you to watch Netflix from other countries and stuff like that.
We personally use NordVPN and they have an amazing offer for our community right now.
If you go to alux.com/vpn you can get 2 years worth of VPN service for only $89.
That’s a 68% discount which is a shame because they were 1% from having the perfect discount number, but hey..
We love their product and if you use the promo code ALUX on check-out they’ll continue supporting the channel, so that’s nice!
This is basically the person who figures out how to get whatever you need.
You want the latest Ferrari, he gets you on the list.
You want that last iphone, popeye’s friend chicken sandwich or the last pack of szechuan sauce available anywhere?
They'll make it happen.
The value here isn’t in the petty things that we joked about earlier, there’s actually a very good reason.
You see, rare items increase in value when they’re together… just like apes.
Having a vintage rolls royce collection increases
the value of the collection beyond the sum of the individual cars.
If you have Basquiat’s last 5 big pieces,
the 5 piece package is worth more than 5 really expensive paintings.
The inside man is quite a controversial figure in many circles.
This is the person that peeked around the corner and can let you know where things are headed.
These are people who specialize in their industry,
they know when times are changing and have an educated guess to what is the most lucrative approach.
The inside man is the one who comes to the wealthy investors to tell them when bitcoin price when the price is under $1000.
The inside man is the one who tells you that this new company called
uber is picking up some traction and brings you in on the deal.
You get the point.
This is fundamentally why we’ve always said:
The inside man can make you rich.
Last on our list is the right hand man… or woman or person for that matter.
This is the person who is capable of keeping up the fort if you’re temporary out of the game.
This is the person you rely on and who knows almost as much
as you about what’s happening on the day to day.
The right hand man is a protege of the rich individual,
it’s the person groomed to take over at some point.
Sometimes it’s one of the children, other times it’s someone who’s been with the family/company since the beginning.
The right hand man has the skill set and knowledge to go out into the market and
not only represent you but do business on your behalf.
If you want to be rich and successful in life, we strongly recommend you go
through this list and figure out what pieces are missing for your puzzle.
It won’t happen over night, but with time you should get to a complete formula.
You know we’re going to be in the comments figuring out how far along the way you all are.
And for those of you that are always watching these videos until the end we have a valuable bonus:
BONUS: The one that keeps you grounded
No matter how much money you have, you should never lose yourself in the process.
Here’s what we’ve learned first hand:
the more YES men you’ll get around you.
they either want some of the spotlight, some of the money or whatever.
The more successful you are the less people there will be to call you out on your bullshit!
People will be scared to lose the relationship and
out of self-preservation will go along or keep their mouths shut.
It won’t be long until you’re filming a dead guy in a forest and nobody around you says anything.
It won’t be long until you’re struggling with your mental health and nobody is coming to rescue you because you’re a genius.
You only need yes men when they’re sitting on the other side of the table in a negotiation,
every other time, make sure you value truth and integrity above everything else.
The paradox is, the people who will keep you balanced
now that you’re rich are the ones who were next to you when you were just starting out.
Money can’t buy that!
If you’re willing to stay grounded as your wealth grows,
please write the word ROOTS in the comment section. Why?