15 Wealth Killing Mistakes Parents Make

[@alux]

Hello ALUXERS! With one of these mistakes you think you can avoid making? Have you downloaded the ALUX App yet? alux.com/app Have a look at our premium courses: courses.alux.com

[@SantanaCampbell]

My parents got my bank account opened when I was 5 MONTHS old!

[@JohnMichael007]

The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.

[@TeresaGloria632]

Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.

[@ElijahWayne5]

It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.

[@ZahidTaimoor95]

The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.

[@NoahWilliam824]

Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.

[@LucyAkira371]

The greatest technique for beginners is to trade with the supervision of an expert.

[@Russelbobby45]

*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*

[@LanceMclendon]

The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.

[@KaylaAlexis.]

People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. He has helped me raise my reserve from $275k to $850k, despite inflation.

[@johnwilliam8061]

Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.

[@tommywilliams5525]

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

[@ElijahWayne5]

Haven't you heard about MICHAEL T ABAGNALE?

[@terrymarv]

Paper trading is a starting point but it does not nearly compare to how your psychology works when it’s your actual money on the line, and real money to be earned

[@ericksdhaniel]

I am sick. Last month and this month have been negative for me. About $80k so far. I have watched every trade I take go down!!! Seems almost impossible to secure profits and the worst part is that many of this online tutorials don't always cut it.

[@adamsalbert3477]

Managing emotions and resilience are key to trading. Perhaps you are right most of these KZbin vids and indicators often contradict each other, but I've come to find out that a lot of what these professionals excel at is pattern recognition. The more experience you have the more you are likely to notice all these nuances that an amateur don't stand a chance at noticing therefore increasing your chances of scoring winning trades.

[@ryanmoulds5252]

My problem is I started so good I thought I was invincible. Made over 290% and thought I was just some genius lol, now my sorry ass is being humbled big time and I've realized I was much more lucky than smart. Trading is bananas

[@terrymarv]

Yes, absolutely. This stuff isn't easy but it's possible with the right information and mindset... I am opportune to have pro guidance and I am up about half a million since October 2023 following her system!

[@juliawalter5252]

sounds ideal. A more conservative, strategic approach to trading makes sense. Would you be comfortable sharing info of your advisor? If you don't mind me asking

[@gojosgirl6487]

I would also add "asking your children for money" because its extremely frustrating when you're trying to reach your financial goals but you have that one parent who constantly asks for your money (and even think they're entitled to it) because they can't manage their own and are constantly broke. Especially when you don't even MAKE that much, but we need to "help each other out." Thats the biggest way to stay broke right there with them, that pack mentality of everybody staying poor together

[@BasementBerean]

My father was all about getting the cheapest services he could find. He hired the cheap car paint place that messed up the paint on his car. He hired the "guy down the block" to steam clean his car engine, and got the alternator destroyed. He hired the cheap, non-vetted house drainage guy, and got a faulty foundation drainage system for his house. He hired the sketchy landscaper and got his entire yard destroyed. He never learned.

[@directorchris2]

Thys The Icon

[@piku8700]

Same here My father always looked for the cheapest service possible so almost all the stuff in our house are broken

[@BasementBerean]

@@piku8700 😂

[@maximhollandnederlandthene7640]

To dont pay the top prize is ok but things need knowledge, research, comparing and action/result.

[@piku8700]

@@maximhollandnederlandthene7640 when "saving money" is the top priority then research, knowledge, action, comparison happens according to that

[@CullenClark-5]

These billionaires which I am not one of them but they worked hard getting where they are they did not need to use this superstition that video talks about to become a billionaires they have all kinds of antiques, heirlooms and many clothes that they don't wear anymore and it doesn't stop being rich they work hard they know where to invest their money in and what kind of strategy to use to make themselves rich so don't need to do this false teachings says to do.

[@EdenHart945]

It is not intended to be simple. It is foolish to find anything easy.

[@ElijahWayne5]

The investor's goal is to seek value in a way that minimizes risk and maximizes reward.

[@GeorgiaGigi859]

That is fantastic! I'm eager to start investing even though I have no experience with it. Which tactics do you use?

[@JudeKane497]

Until their own emotions burn them, people downplay the value of counsel. A few summers back, after a protracted divorce, I needed a big push to help my firm survive. I searched for consultants with the right credentials and found the most qualified one. Despite inflation, he assisted me in increasing my reserve from $275k to $850k.

[@BennettBodhi]

By hiring a financial counselor, you can increase your chances of making money in the stock market.

[@Caterinavasile]

Fantastic video! I have incurred so much losses trading on my own.... I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??

[@HaroldCarl893]

Same here, my portfolio has been going down the drain while I try trading,I just don't know what I do wrong..

[@lucyaudrey18]

Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.

[@williealbert3040]

​I think l'm blessed if not I wouldn't have met someone who is as spectacular as expert mrs Fenella.. Highly recommended

[@owenalcott]

Wow, I'm surprised to see Fenella mentioned here as well. I didn't know she had been kind to so many people

[@IngridEmbla]

​I'm also a huge beneficiary of her.. I thought myself and my family were the only ones enjoying Fenella trade benefits

[@GIVEN_U]

Wow! Point number 16 hit really hard. "Your child's financial financial freedom starts with you '. How true!! Thank you Alux

[@johnathansteve6148]

I started investing in the stock market because of dividends. What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can pass that on to your children, giving them a head start in life. I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.

[@kimkind603]

Informative and useful content am definitely going to try using his strategy

[@reckszkingzactivitiesrkat.4134]

Facts spoken as usual ✅ Many of us in life come from a family or parents who have a "Broke Mindset" & it is up to you alone if you come from such backgrounds to MOVE AWAY FROM ALL OF THAT NONSENSE! #ALUXER

[@chrisgayle1623]

You know an alux video is good when it touches a nerve and you feel the need to make a change.

[@teenindustry]

Actually no 1 is wrong. I worked in banking for years. I did ok but was not happy and did not rise as far as I could because I didn’t care. I went back to do social work, not a traditionally high payer but now earn a lot more than I imagined because I’m great at it and I started my own business as a result. It’s hard work but worth doing

[@robinmahan101]

🎯🎯🎯

[@Jason_the_Ruler]

That might work for you, but not for everyone else though

[@luckyloonie1359]

I wish I was a bankster & also work in investment banking for a bottomless wallet💰... Just want to get CRA💸 off the back of working class...#TDBank🌎💘💰

[@teenindustry]

@@Jason_the_Ruler maybe not specifically but more than you would think. If I had a kid who was a really talented artist I might encourage them to pursue that but look at other income streams. Like being an art teacher which is a solid middle class income and investing early so that they can cut their teaching hours to do more studio work. Lots of things work if you compromise a little

[@AlessiaOrtiz]

*SEARCH*

[@AlessiaOrtiz]

*DONALD NATHAN SCOTT.*

[@piku8700]

All of these mistakes are made by my parents Thanks for making us aware of this....🙏

[@jamesmakume2630]

Key take away: unless you have finances all figured out and then some, don't have kids.

[@somerandomfella]

My parents always pushed me to study hard yet were too tight to even buy me school books, stationery or shoes.

[@chanjusanga133]

Same this side hated it dropped out learnt. A lot out of school still learning

[@luckyloonie1359]

I wish I was a bankster & also work in investment banking for a bottomless wallet💰... Just want to get CRA💸 off the back of working class...#TDBank🌎💘💰

[@maximhollandnederlandthene7640]

Next: 10. Most important things to teach children. 1. Dont trust anything. 2. All things are not as it looks like. 3. Trust your guts. 4. Take time with important decisions, dont do when it has no use or doesnt feel good. 5. Look for your talents and use them. 6. Change things that make your life miserable, use and look for better options. 7. Work smart instead of hard. 8. 9. 10. Whats more ...........

[@darkvader125]

yes you are right here my parents never talked about money and now they tell me to make money always taught about respect and all which does not amtgter now i am 26 and soon will be 27 and learning all thse in my late 20s is harsh

[@iamanovercomer3253]

Ai sucks ‼️👍 turn off the video

[@colinchandler6516]

learned alot as usual

[@mohibquadri4053]

one question which always came in my mind is - How can an individual play an important or outstanding role in making his company a top player in market lets say an engineering construction company.. what are contributions which can lead to faster growth of company from an employees perspective who wish to skyrocket his own career path also in the journey.. which books would be essential around this topic...

[@JSFGuy]

Not loading.

[@Its_me12759]

Love from India .....

[@WratchetDeth10mm]

Please stay there.

[@atsukitokunaga]

Normally i don't do this, I don't praise people for any reason truth be told good works deserves appreciation, l won't deny the fact that I'm super jealous of your hard work and skill on cryptocurrencies trading. I'm proud of you and what you've done in my life , we need more people like you Mr Thomas rodriguez 💯

[@guidedvalue]

Great Job

[@user-es9fs9jo6j]

Smart, Great advice 👍

[@LevyPatrick-nz1tn]

Much love 😍 Zambia🇿🇲

[@chanjusanga133]

Neighbor I'm from malawi been here for years

[@evanlam963]

Expecting my first shout in October, so I’ve been trying to learn a lot about how to teach my kids about money and finance, you should make more of these.

[@1st-qt9ce]

These last couple of episodes have provided great direction/information. Thank you Alux.

[@leonmabunda7568]

Alux prepping me for parenthood lol

[@colinchandler6516]

thank you

[@jamiethompson7674]

FULL STEAM AHEAD

[@crepinsterve4212]

The bonus is the most important point. Once your own foundation is solid, it's difficult for you to pass on a negative financial mindset

[@danielcarvalho1453]

16: having kids

[@mtibo212]

First commenter

[@aaronaustrie]

Great vid!

[@chanjusanga133]

🇲🇼

[@maximhollandnederlandthene7640]

Finances and relationships should be part of home education. Already from age 9 or10. At school they dont learn about that.

[@kaylasunshine5407]

❤❤ this is great.

[@spoodermen2530]

1. Having children 2. Getting married / having a gf

[@Samsons121]

❤😊

[@colinchandler6516]

I love you

[@teenindustry]

The bonus is so right. My parents gave me a great start and it was such a huge privilege . I got an excellent education, has the safety net to retrain and got a lot of help to build wealth. I’m so grateful

[@KarenChaney-h9j]

But alux Karen forestparkga mental mindset about teaching kids about money 💰 Yes jobs part time job for teens not younger kids need to learn to see life all above okay

[@javaidak4204]

🎉 agree 👍 with you,my darling friend ❣️❤❤❤

[@huzsh1845]

What I hate about this, is that this wasn't needed 50, 100, 150 years ago. It shows that life is too expensive and we shouldn't stand for that. Don't take the advice from this video. Absolute nonsense.

[@waakyeuchiha6112]

Lol go live in the forest then.

[@waakyeuchiha6112]

Ridiculous comment.

[@colinchandler6516]

thanks again

[@colinchandler6516]

great video

[@ianfeuerhake1859]

Excessive traveling, and trips to disney