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.
@MasonRoy822Күн бұрын
Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.
@JohnMichael007Күн бұрын
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.
@PatriciaMary11Күн бұрын
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.
@RobertDavid212Күн бұрын
Many individuals report success in investing in stocks,fx, yet I continue to struggle.Can somebody help me out or advise me on what to do?
@Russelbobby45Күн бұрын
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.
@U237212 күн бұрын
Bonus Item - You spend money on a youtuber's side hussle of custom merch, membership content, or courses promising wealth and success
@bloodmooncomix4572 күн бұрын
Ouch! 👊😒😬🫢🫡
@syrykh2 күн бұрын
That's funny 😂
@karinec.21312 күн бұрын
Oh the irony 🧐
@dorianvick89322 күн бұрын
That WHOLE part! 😂😂😂😂😂😂😂
@jokerpilled25352 күн бұрын
Haha
@DenisTRUFFAUT3 күн бұрын
4:09 "A homeless person on the street might not have much, but they're above $0" Ouch, that hits hard
@tcdan-c2m2 күн бұрын
Yeah, that caught my attention, too.
@bloodmooncomix4572 күн бұрын
CALIFORNIA: Right in the coconuts 😫😖😵
@xmarkclx2 күн бұрын
You can't really say. They could be homeless because they lost everything from debt.
@jokerpilled25352 күн бұрын
I’d rather be in debt than be homeless. Best to not be either ofc.
@TheSecretofWealth682 күн бұрын
very helpful video
@jennykamara_3 күн бұрын
It’s time for me to stop being poor and start being pre-rich!
@samirbhalerao55792 күн бұрын
Please read and implement from the rat race to financial freedom by Manoj Arora.
@TheQGerard3 күн бұрын
Living with parents doesn’t necessarily mean your poor. It’s damn near the only way a young person can stack up the funds to get started in life.
@tporter5003 күн бұрын
It could also be a way to become a millionaire, staying with your parents while you are making 6 figures a year just stacking money, not trying to impress anyone.
@LyndellWashington-r1w3 күн бұрын
First car…. R/T charger 🧑🏽💻😮💨
@TheQGerard3 күн бұрын
@@tporter500 literally the vibes. I landed a remote gig and moved back in with my parents in my thirties to be able to get a chance to pay off debts, help my folks, and stack up more money than I’d had a chance to before.
@rogerbooto9063 күн бұрын
So, you're still poor until you leave. Meaning that the point is still valid
@TheQGerard3 күн бұрын
@ No. Its not. Poverty is about the amount of money I have in my account… not where I live. I could move out today and be doing better than half the country. Moving out would actually make me poorer as I’d be spending on overinflated rent and items.
@outtheredudeКүн бұрын
If you think you're "middle class" just because you somehow managed to get a home, a family, a "good" job and a wife with a "good" job, yet are still affected by the issues in this video, you're still poor.
@ThatonedudeCR1295615 сағат бұрын
Not a single thing listed in this video applies to me at all. Some actually seemed absurd tbh. I guess I am not "new poor"?
@NatalieDormer-or4jj4 сағат бұрын
Last year I was working full time, budgeting groceries, unable to afford date nights, and missing time with my kids. Now I learned how to make money online. Now am a SAHM, homeschooling, and making profits every week.
@BrentCowan-b3u4 сағат бұрын
Wow that's awesome, investing in alternate income streams should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
@ChigozieUdeh-lh4sp4 сағат бұрын
Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should do?
@NatalieDormer-or4jj4 сағат бұрын
Crypt0currency investment, but you will need a professional guide on that.
@NatalieDormer-or4jj4 сағат бұрын
Facebook 👇
@NatalieDormer-or4jj4 сағат бұрын
Evelyn C. Sanders
@calvynwake3 күн бұрын
The only cash flow the new poor have is their job
@BATM_Media2 күн бұрын
That's how the working class has been forever
@TheSexy5222 күн бұрын
start a business and the job will be yours
@GOLDKNOXКүн бұрын
That's very true.
@AlexMile12 күн бұрын
The fact that nobody talks about the book Forbidden Money Behind Closed Doors talks about dark techniques how people attract money
@falajikitaiwo89622 күн бұрын
I'm retired at 27, went from Grace to Grace. This video here reminds me of my transformation from a nobody to good home, honest wife and 35k biweekly and a good daughter full of love
@EmmaLucky-q9h2 күн бұрын
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
@BlessingsLine2 күн бұрын
Wow that's huge, how do you earn that much? I'm 37 years old and I've been looking for ways to be successful, please how??
@JacobGul-o8v2 күн бұрын
Yeah, 253k from Maureen duke, looking up to acquire a new House, blessings.
@labiadijat34772 күн бұрын
I thank Maureen Duke who has always been there to help me with detailed analysis and recommendations that I would not have had access to otherwise.
@PowerLucky-g1m2 күн бұрын
I started my trade int with $5000, and in the space of one month I got credited with $22,000. It remains my biggest win for the year 2024
@amanawolf91662 күн бұрын
9:15 That's what ticks me off to no end. Banks make money with our money, and then, AND THEN charge us money for "maintaining" that money. What the hell?! Oh, right, it's 100% legal the same way companies can take out life-insurance policies on their employees and collect said insurance when the employee kicks the bucket. (AKA, Dead Peasants Insurance) Also, the scary thing is that when it comes to video games, software, and certain other things, people don't own it what they buy. We're merely "leasing" it. At any time, the company that makes it could technically take away our rights to the product, shut the product down, etc.... Example comes from MMO games like Ever Quest Online Adventures, Star Wars Galaxies, Matrix Online, Wildstar, City of Heroes, etc.... All the time, effort, and energy put into that product for the items, events, and such, gone. Poof. Doesn't exist anymore.
@orderofshadow2 күн бұрын
that’s why I stopped playing online games. Coz ur just 1 ban away to lose all your progress.
@brok3y2 күн бұрын
YIKES. - play to win NOT pay to win. - Bank your money in investments NOT the Bank. - Insurance companies are robbers. You pay them all that money and you're insurance payout is not always guaranteed. (hence why they offed that CEO🥲). Instead of giving your money to insurance just put it in a GIC or tax free account; you get tax for just breathing anyway.😅
@kurtnelle3 күн бұрын
"But you've had these ideas for over a decade and you haven't don shit" 🤣🤣🤣
@leahsundvall58942 күн бұрын
So, you’re saying that 76% of the US is poor? Because that’s how many of American live paycheck to paycheck.
@yellowjacket2752 күн бұрын
True, and that's the world, over 60% of China is living on roughly 120usd a month which is the poverty line there
@BryanStevens-ew1ol2 күн бұрын
Ask Gemini what percentage of Americans have 1 000, 5,000 and 10,000$ in their bank accounts and see where you stand.
@andreea56893 күн бұрын
unless you’re a millionaire you’re poor
@immanuel_8883 күн бұрын
one million is nothing anymore
@DR-cu2fl3 күн бұрын
Not true.
@ItsTruble3 күн бұрын
I became a millionaire this year I agree. Millionaires are the new middle class.
@TommyTomTompkins3 күн бұрын
One million dollars is a million more than you have.
@coolguy919753 күн бұрын
@@immanuel_888 It has lost its meaning, but it's enough to secure a future or retire for most people. And hit that milestone early enough, 1 turns into 2 pretty quick and so on.
@tharealmsparker_3 күн бұрын
I feel attacked, and that’s a good thing 😅😊
@tree87792 күн бұрын
Same lol. She has called me out, it stings and i have heard 😂 Its time to seriously reflect😊
@Real95neta3 күн бұрын
It's not that you're poor it's that you suck at being poor, if you want nice shit your going to have to take old shit and make it nice. Being completely useless is a luxury of the rich and you're not rich. -Best statement Ever
@MilkovichT.SandlersКүн бұрын
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio..
@iuordanmatkov261Күн бұрын
there are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist.
@MarcelMcGowanКүн бұрын
I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. through restructuring and diversification with dividend stocks, ETFs, mutual funds and REITs, my $1.2m portfolio surged, yielding and annualized gain of 28%
@MonaghanMLOUISEКүн бұрын
Mind if I ask you to recommend this particular coach you using their service? seems you've figured it all out.
@MarcelMcGowanКүн бұрын
She's "Abigail Ann Ryan" by name. please do your own research to see if she is suitable with your goals.
@McKnightCutkoskyКүн бұрын
thank you for this pointer. it was easy to find your handler, she seems very proficient and flexible
@ericchausse17012 күн бұрын
Great video! ALUX, I believe you're completely wrong on number four; or you're not disclosing all the facts. You should really speak with an attorney before making statements that involve federal laws. First, I'd like to point out that, in the United States, people with federal student debt from a public institution can't pass it on to their children. If the person dies while still in debt, it gets discharged. Second, if you've obtained debt from a private institution, said debt can be garnished from the borrower's estate. If the estate cannot cover the debt, the lender cannot pursue the heirs to recover the debt. The only caveat to this is if someone becomes a co-signer on a loan. In this case, they may become responsible for repaying the debt. I doubt parents would make their children co-signers on their student debt lol.
@Omonike882 күн бұрын
Take the meat, and leave the bones.
@carltonesmith5015Күн бұрын
I appreciate the thoroughness of this comment … I’m hoping viewers/subscribers are using their brains and see Alux or any other KZbin channel as entertainment first and *perhaps* a source of information after that.
@ericchausse1701Күн бұрын
I'm surprised to see and hear ALUX inadvertently discussing federal laws and perpetuating inaccurate information about said laws. Such is the case with number four, where they talk about the children being responsible for their parent's debt. In the United States, that is illegal! Unless any individual becomes the "co-signer" on said loan, and or debt. Read the initial comment. I would advise anyone to speak with an ACTUAL attorney who specializes in this area of law before making such a statement.
@broederbond602 күн бұрын
Correction Sweetie, the student loan debt dies with you. It is non transferable and non dischargeable in bankruptcy.
@yellowjacket2752 күн бұрын
True, but they'll make you think otherwise
@BATM_Media2 күн бұрын
The last thing they want is their debt slaves realizing they can escape their debt by eating a lead pill.
@hieronimusrexx92032 күн бұрын
Your student debt, any debts really, do not automatically go to your children. Much of it will be settled and dissolved. Anything else maybe to anything left in your estate to pay. But your individual heirs are not on the hook unless they want to be.
@nebiyuermies54212 күн бұрын
the broke cycle wont ever stop. if everyone wants to be a millionaire and ,for argument sake, becomes millionaire, we will witness the trend of wanting to be billionaire for millionaire is the new broke. I find it sad that 9-5 isnt enough to survive, not thrive, SURVIVE in today's time. Just focus on yourself and what gives you a sense of purpose for you only live once and its a short life.
@Ranter-yi9zq22 сағат бұрын
I first subbed this page in the late 2010s and watched a video called "15 things poor people do that the rich don't". That was the day when I was so sick of being poor and googled "Why are poor people still poor?". Alux came up as one of the results. It said so many things that trigger people but I swallowed the pill because Alux was being realistic and true about things. Got into crypto in 2018, failed and tried again in 2020. That year was the year of fear, uncertainty, and doubt. I thought the opposite and invested so much of my uber eats income into crypto and I'm now doing good. Thanks Alux
@Abilash-r1w3 күн бұрын
"If everyone is rich then no one is"
@OneAndDone51503 күн бұрын
So if everyone is poor then nobody is poor.
@Abilash-r1w3 күн бұрын
@OneAndDone5150 exactly
@user-fc2xk3uv8y3 күн бұрын
@@OneAndDone5150 why do you people say this as a gotcha? its saying the same thing
@anniealexander96163 күн бұрын
The govt promised to only tax the rich. Then they created inflation to boost the value of our assets. 😂
@charlottepeukert90952 күн бұрын
You're getting a few things wrong here. If you want to save the money and still have a good life, you need a skill- set many people don't have.If you want to dine well, you have to know, how to cook. If you want well- fitting designer clothes, the best way to get them, is to sew them. But it takes time and effort to make them. Many years ago, I saw a designer sweater for several hundred dollars in a store. I wanted to have it, no matter what. But I didn't have the money. So, I learned, how to knit, sew and crochet. It took a long time, but now I know how to do it. My clothes fit and they don't look self- made at all.😊
@robertgeifman10 сағат бұрын
I think this video is intended to make one pause and reflect on one's life. And you're absolutely right - doing better in life means taking things into your own hands and A LOT of hard work. I've had my probably last wake-up call 5 years ago, and last night, greeting the new year on the couch in my tiny new apartment, after completing a small project, I caught myself feeling happy and feeling like I'm on the right track. P.S. I'd love to see your hand-knitted stuff. I make paper crafts myself and I appreciate all handy work of others.
@davidwayne11112 күн бұрын
PreRich I love it I am definitely on the pre-rich plan. Because it wasn't my fault that I was born poor. But it will definitely be my fault if I die poor. 17:56
@dustinmiller27752 күн бұрын
N.W.O.+W.E.F.= FEW OWN
@midnightc33512 күн бұрын
Holy crap this is actually brilliant!
@Seoulmoonrhee2 күн бұрын
I developed a body that doesn't get ill, a mind that doesn't need material possesions, thrive on bread, potatoes, and water, started living in a car or at employment accommodations, and send a lot of my pay to support family. It's not the norm, but we can find meaning everywhere in life so long as we have purpose. In many ways, being uncomfortable with being poor is the only reason people make an effort to improve, but imagine a world where we co-developed the prosperity of our communities, enriching each other's lives, and being happy with things that are actually important. Give and Take may be the rules of the game, but my way for us all to win is give, and receive...
@AwakenWealth9992 күн бұрын
16:47 "The biggest highlight is the call for everyone to change their mindset, develop high-value skills, and use technology to get rich."
@DerraKormino2 күн бұрын
We experienced the pinnacle of our era, but it is now gone. Like what happened to Rome, the corrupt administration will bring this nation to an end. My condolences go out to anyone who is close to retiring and may be worried about whether their pension will be enough to pay the rising cost of living. Insane fiscal policy, poor regulatory policy, poor energy policy, and poor foreign policy
@winifred-k9e2 күн бұрын
50 and early retirement. I'm very worried about the future and where we're all heading, especially in terms of money and how to get by. I'm considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
@richardhudson12432 күн бұрын
This is awesome! I also began investing with a wealth manager in 2020. For a long time, I kicked myself for not realizing I could do that sooner. It's funny how I've now left my day job because my profits take care of all my living expenses.
@JacobsErick-u8r2 күн бұрын
Do you mind telling me about your financial planner?
@richardhudson12432 күн бұрын
Melissa Terri Swayne. If you look her up on the internet, you're going to surely find more information about her.
@LUCIASMITH-d1z2 күн бұрын
I checked her up on Google because I was intrigued. I studied her bio, and I must admit that her qualifications are quite exceptional, removing all doubt.
@jimdandy89963 күн бұрын
I don't get it. I see Millennials out on the town living it up everywhere. How are they able to do this? Credit cards?
@TommyTomTompkins3 күн бұрын
High paying jobs or they have a business that is paying them big bucks....or they got a lot of money in crypto
@jimdandy89963 күн бұрын
@@TommyTomTompkins I see a hell of a lot more of them than Boomers, Gen X or Z living like this - even taking into consideration their larger cohort size. Yet, somehow they are the cohort who cry poorhouse the most. I'm thinking credit cards.
@victordonavon2923 күн бұрын
Tommy Tom Tompkins, all of which are incredibly unlikely, kid for the numbers referred to in question
@Bb-jm6wx3 күн бұрын
Those are the ones with money. I haven’t went out in years .
@Kapreeluxe3 күн бұрын
Delusion
@specialkuromi3 күн бұрын
investing in $ 333 is pre-rich mentality
@JosephArmbrister3 күн бұрын
Interesting information
@brok3y2 күн бұрын
The comment section is so uncomfortable lol c'mon everyone, it's time to get PRE-RICH so we can BE RICH! lets go...
@Mig28blue3 күн бұрын
Y’all be recycling videos now?
@ebukaodili19122 күн бұрын
It's still valuable.
@Ghaos2 күн бұрын
Just an aside, I normally like and find value in these "tough love" videos, but this one has a real mean streak vibe that I don't appreciate of find valuable.
@billdubya96262 күн бұрын
Kids are not responsible for parents debt unless their name is on it. $10K in emergency savings is overkill. Earning 50% higher salary compared to 5 years ago is crazy. Most people don’t get a 10% raise in an amazing year, let alone five years in a row. Nobody is required to financially care for their parents. 1/2 of this list makes sense but is very basic. The rest is BS. In the end, they want to sell you something. This is why I stopped following this channel. This video came up as a suggestion. I figured I’d check in. But, this channel has not improved.
@thomastemen5785Күн бұрын
Its not going to be too long till these loan companies start watching the obituaries. The private loans will put liens on estates.
@williewilliams493923 сағат бұрын
Boomers didn't do this, politics ruined all our lives.
@Petesworkshop22252 күн бұрын
Stocks are good. Just not Starbucks.
@JosephArmbrister3 күн бұрын
Pre rich
@onetwo12onetwo5263 күн бұрын
Bull
@syrykh2 күн бұрын
Being poor, especially not in a third world corrupted country (or a country that is in a state of war etc) - it's mostly the problem of being dumb and doing stupid stuff.
@djdigital3806Күн бұрын
If you watching this video you are poor. 😁
@KBlade1Күн бұрын
"So take your Hogwarts House OUT of your Twitter bio, and worry about your ACTUAL living situation!" She's talking CRAAAAAZY
@Agentxile2 күн бұрын
... parents have a mortgage they won't be able to pay in their lifetime? Really? Children don't assume student loan debt of the borrower in the U.S. unless they co-signed for it. The debt is charged off.
@yellowjacket2752 күн бұрын
Facts, that's why we don't have the 100 year or 50 year mortgages in the USA unlike China
@UNDERDOG18UNDERDOG182 күн бұрын
Correct. Student debt isn’t transferable. We paid our house off. It can be done but it takes time.
@suchter2.012Күн бұрын
7:41 if I pay with digital money, why is that bad for me, if it costs the same as paying in cash?
@ELconomics1013 күн бұрын
Reality check ✅
@chriswashington544017 сағат бұрын
I know i am poor, listening to ai telling me i am poor😢
@micahwoolfolk40203 күн бұрын
Negative Dollars is a real thing
@homebrewGT2Күн бұрын
11:30 telling people they are the new poor yet at the same time selling them a subscription service lmao. Wtf people?
@Ghaos3 күн бұрын
Uh, please walk us through how student loan debt gets passed off to your offspring? Maybe your spouse, but your offspring? This is news to me
@rogerscuares14282 күн бұрын
Because debt doesn't die with you. It lives on. Any debts (student loans, credit cards, back taxes, etc) are charged to the beneficiary of your estate, usually a spouse or children. This is mostly covered by life insurance. But, if someone dies with an absolute negative net worth, the next generation could see themselves in quite a pickle!
@yellowjacket2752 күн бұрын
It doesn't get passed to anyone, they'll make you think that it is but it doesn't and it's illegal to collect
@Jennifer-nz2ss2 күн бұрын
I believe your kids' credit rating will be low till they pay it off. It's just not listed on that report.
@Miner-dyne2 күн бұрын
@@Jennifer-nz2ss no
@Hyacinth82932 күн бұрын
There’s some points that are on the nose in this video but I heavily disagree with blaming people for acknowledging how broken the system is. Absolutely everyone is struggling and a lot of markers of adulthood that were accessible during the boomer gen are priced out of reach for the younger gens. I’m not saying that it’s a reason to give up on improving your financial status but if enough people acknowledge and speak up about the insane inequality there can be moves toward better legislation
@bloodmooncomix4572 күн бұрын
CALIFORNIA: Even Peter Schiff says it's better to rent a home than to own one Black Rock and the federal government made home ownership of suckers game In fact if people aren't leasing their homes like they lease their cars they're losing
@Miner-dyne2 күн бұрын
Borrowing money to buy a house to live in has always been a liability. No need to make fake villains to blame, it is just a stupid move.
@jonathanboisvert1022 күн бұрын
by far the worst video ever made
@TxLoneStar8172 күн бұрын
😂😂😂
@MeJonTheDon22 сағат бұрын
This doesn't mention that public transport os really only in cities that have really high real estste costs. And then those people get stuck in a rut of not having personal transportation and getting squeezed on the rent side of things. Then they own absolutely nothing, and cant afford to leave. This is how NYC both support itself and is simultaneously screwing itself over because people with money and transportation can and will leave, while they continuously try to squeeze more and more out of those that have less. Ive seen it myself, and its not a good alternative. Plus all the inconvenience and safety concerns that are mostly gone when you own your own vehicle
@DR-cu2fl3 күн бұрын
Not a plug, but PayPal allows you to pay in 4 equal payments without interest (pay in 4).
@MisterJohnson3033 күн бұрын
That's true! I just did it.
@Msizi223 күн бұрын
cxxl i'm gonna try it
@Natcation3 күн бұрын
yeah, my Citi card does that also. Nothing wrong with splitting payments when there is no interest being charged.
@top5-vid8143 күн бұрын
I mean that is everyone in USA
@UNDERDOG18UNDERDOG182 күн бұрын
Not me! Paid off home and retirement account millionaire.
@chairmn422 күн бұрын
i really like their disclaimer blurb at top of screen… “Alux is Human Made”. They’re on to something here. A blurb like this should become a norm in any kind of content creation, establishing a sense of pride for the use of human hands and minds… not AI for reasons of laziness and incompetent staff. A disclaimer like this should reach the status of “No artificial flavors or colors” or “No animal testing was involved in this product”. AI has its place for sure, but it should never replace true expertise and content creation.
@jediknightdiscomike22Күн бұрын
Blaming society because you are poor ? No. We are blaming billionaires and capitalism because we are poor. Nobody chooses to be poor. Remember the middle class ? Yeah, they are extinct now thanks to regans economic policies. NO such thing anymore as working to maintain a comfortable lifestyle that EVERYONE IS ENTITILED TO !!!! That is why when I view these types of videos who shift the blame from capitalism to you, I never give them a checkmark.
@nonchewlant71742 күн бұрын
The new poor listen to hours of podcast a day.
@MoneyNScopeКүн бұрын
1:41 That number should be way higher than $1000. Depending on where you live in the US, I think $10k to $30k is adequate for a short-term safety net of 2-3 months.
@Hect568Күн бұрын
Most of the U.S. don't even have $600 on their account 😅
@DakotaDS2 күн бұрын
03:16, This has me rollin' in laughter. xD "You've been having these ideas for over a decade, andddd you haven't done Shit." 🤣 Time for people to wake up, quit buying stupid shit that you do not need. Break the fucking chains and take back your lives, as Ronald Radke says in his recent album: Popular Monster. Happy New Years to everyone!
@ShivaInu422 күн бұрын
Solution, give up and take out student loans to cover cost of living for the next two decades shifting between useless degrees until AI takes over.
@robertmaxa66312 күн бұрын
Living with parents, is the best thing I could do, it's cheap living. The house is paid for, and will be mine, eventually. No debt either. I don't subscribe to anything.
@joanramsey40022 күн бұрын
..until your parents need care.
@williampritchett63822 күн бұрын
I only do one of these things (live with family), but in my defense, I live in NYC. Also, its kinda by choice since I could go solo, but rent and utilities would cost me too much. Probably not 50% of my income, but i invest the difference. So I'm just gonna count myself as "not poor". Thank, Alux!!!!
@andrerossel8394Күн бұрын
It's not only me. I went to Tiffany's store. Montblanc and Gucci. And I got attended on three. Not just let there in to get the store. I had a guy there on the three stores to answer my questions. They got I a pre rich and I will be a real client when the time it's right. By the way on the same trip I refused to enter Louis Vuitton because I found it ugly. The luxury district was close to empty. My entire point it's a part of being rich or poor is also in the mentality. As alux says being broke is a financial state but being poor is a mentality.
@TaguroSuper3 күн бұрын
Number 8 is debatable. I get money from people paying cash by using my credit card points, and I always pay on time. 😂
@anandpaulraj80942 күн бұрын
The main contributor to the GDP has been consumption! If the average person follows this advice, the future of consumption driven economic activity will collapse! 😂😂😂
@Sking_282 күн бұрын
Don't spend more on subscriptions like this😅
@guitarsandcheesecake16323 күн бұрын
The Boomers didn't screw it up. It's never been so easy to invest and make money 😊😊
@jimdandy89963 күн бұрын
Very true. Boomers didn't have the advantage of all of this tech. Much harder to make a buck before. People are just spoiled now and refuse to acknowledge this fact. Their shame of this makes them fight the notion instead.
@Bb-jm6wx3 күн бұрын
@@jimdandy8996that doesn’t make sense… if there’s tech now- that means everyone has access to it , which means the bar to entry is lower, which means it’s even harder. Back then it was easier because it was much less competition.
@jimdandy89963 күн бұрын
@@Bb-jm6wx Yes, the bar of entry is indeed lower, and competition was just as high back then if not worse. Think about soup lines during the Great Depression. Gen Y loves to cherry-pick the prior generational lifestyle they think they have a birthright to.
@Bb-jm6wx2 күн бұрын
@ competition factually wasn’t as worse. It’s easier to compete with 1000 people with a bachelors degree then 100,000 people with one. Birthright to what? Cherry-pick what? Because we know literal facts? Black rock wasn’t buying up all the houses in the 1980s making it hard for regular people to own one - Fact. The ratio of pay to housing wasn’t the same in the 90s- fact. Hell, even in 2016 it was much easier. Competition is higher now & much harder now, back to back recessions plus inflation and a pandemic. Things old people didn’t have to deal with and that’s a #fact . Old people closed the door behind them and don’t have empathy for the facts of today .
@guitarsandcheesecake16322 күн бұрын
@@Bb-jm6wx wow. Things are better now. B4 the minimum wage I didn't have a payrise for 10 yrs. At least now we have a fair chance of having a payrise every April
@thakurtimmy8624Күн бұрын
Happy new year aluxes lady 👩 💖 thanks alotes babay 😊👏👏
@Crypto-NinjazКүн бұрын
Thank God I am nothing like this stupid video !!
@fleetcenturion2 күн бұрын
4:27 - Making children responsible for the debts of their parents constitutes a Bill of Attainder. This literally cannot happen in America. The founding Fathers thought this was so important, they forbade it in the U.S. Constitution-- _twice._
@auro19862 сағат бұрын
narrator says if you don't watch 15 new videos in alux channel daily then you are poor
@MossMini2 күн бұрын
If you are a "know it all" persom, yet still struggle with money, means you don't know shit!
@luisfontiveros77753 күн бұрын
PRE RICH. BUT NOW RICH
@robertcastle55412 күн бұрын
You're new poor if you can afford a car now but can't afford a car when the EV government requirements fully kick in.
@treefiddy97242 күн бұрын
- $30,000 for going to school + interest somebody please help me
@YoungMoneyFuture2 күн бұрын
Comfortable and thriving during the highest inflation in 40yrs thanks to Alux and many other mentors❤On a journey to yet the next level😎🥂
@bethelm5803 күн бұрын
Thank you Alux This is valuable #PreRich
@ThunderWolfLeonus218 сағат бұрын
#5 Owning a vehicle is a liability (don't do it). #11 Buy a scooter (you'll recoup money).
@jediknightdiscomike22Күн бұрын
Does anyone understand what the video is saying when getting to 17:00 ? I certainly do not get what they are talking about.
@hwilcox21 сағат бұрын
talks about the opportunities in tech. though starting later at a business, tech can give you huge advantages. for instance, a business in the 50's would have had word of mouth, radio to promote themselves... but now you have social media. so, your buyers are not just your town but the world.
@jesseengebretson47873 күн бұрын
I'm currently watching 👀 before quoting PreRich
@feodiente94603 күн бұрын
So,..Alux dissing me being poor is a solution?? ...reverse psychology I guess..😂
@yours09trully21 сағат бұрын
This is a joke. No such thing as the "new poor". Just a poor title. Your economic state is not based on what you own but on what you know and how you apply it.
@ShelJones2 күн бұрын
I like this video. These are my challenges. 2:37 - I've worked at my job for nearly 15 years. 5:43 - I've grown my income by about 50% in the last 5 years. 7:42 - I use my credit card for almost everything. 10:06 - It's tough to find a mentor. I need one. 14:49 - I have skills but imposter syndrome is real.
@meowmeow17332 күн бұрын
You can't take ANYTHING with you!!! Not your money, your health, your looks, skills/talents......NOTHING.
@chrisoffersen2 сағат бұрын
Soooo… aspiring billionaires watch this? Because I mostly see this channel trashing its audience with “hard truths”.
@Sec_coachКүн бұрын
For sure everyone watching this channel are poor 😂
@ThatonedudeCR1295615 сағат бұрын
If literally none of these apply to us, does that mean we are the "new rich"? Am I "pre rich"? I watched the entire video and not a single number listed here has been something that applies to me at all.
@UNDERDOG18UNDERDOG182 күн бұрын
Live below your means, save, invest, and avoid debt - especially high interest debt.
@NtandoEJMasilelaКүн бұрын
Of course by my age they were employed but poor cause here in South Africa the apartheid system wanted everyone in the country to work unemployment was considered a crime and the education system produced pupils that would fit in the standard jobs needed by the government eg. Teachers , Nurses etc currently the government gave the new generation freedom to choose what to study what career they like but failed to produce those fields and with an education system that has mass underdevelopment which inturn produces unfit pupils for the real world South Africa is a joke
@shannonrobinson86420 сағат бұрын
9:45 this image is of a child who got smart and chucked is parents in the fire pit and started saving money.
@SwiftdoggКүн бұрын
Pre rich 😂
@lzoobooКүн бұрын
pre rich 🎉
@rq832 күн бұрын
Owning a vehicle is an asset, try walking 10 plus miles one way to work. Having a vehicle is an asset. It helps reduce travel time. And time is money.
@yellowjacket2752 күн бұрын
If you effectively use that time that is, because walking is healthy and can be mindfulness time as well
@rq832 күн бұрын
@yellowjacket275 Not if you're going from one job to the next and need to be at job # 2 within a small time frame.
@rowaidazacaria-kado8325Күн бұрын
Owning a home or a house literally is an Asset. Seeing it as liability depends on individual perspective and priority.
@XMickleXx2 күн бұрын
i pray to god that i become rich ! pre-rich we gooooo !!!
@MinistryOfMotivationQКүн бұрын
"Your future is created by what you do today, not tomorrow. Take one small step forward now, and watch how it transforms your journey."💗
@DraxMoranisКүн бұрын
Nahhh PHUC u alux. VANGUARD is soooo much better 😊
@Zuki-gj8orКүн бұрын
#2 your emergency fund is under $1k MY ENTIRE NET WORTH IS UNDER $1k 😭
@pk572720 сағат бұрын
13:49 you pay for employee to make it
@14oneshot21 сағат бұрын
This is one pessimistic video. You need help with your depression. Here you are trying to make money off of those who you deem the hopeless poor.