Transcript for:
Understanding Money's 15 Essential Rules

ah money some people say it makes the world go round some people chase it tirelessly like a hamster running on a wheel some people speak about money and others actually have it money doesn't care about your self-esteem about your religion about where you live or what your goals are money just is you either have it or you don't you're either making money or you're spending money what some of you might not know though is that money behaves like a force in society it follows certain rules certain laws that govern the creation flow of capital and today we're sharing with you 15 rules of money that will change how you look at wealth welcome to alux the place where future billionaires come to get inspired rule number one money doesn't change people it shows who they really are think of money like a magnifying glass whatever traits lay hidden before are now 10 times bigger and people can now notice them and that same magnifying glass can light the initial spark that a weit these traits that were dormant before if you were an before you got rich then after getting rich you're just an who's got a larger bank account and the other side of this coin is also valid if you're humble and a generous person before nothing is going to change who you are once you make it money also acts like gasoline it makes the fire bigger it allows you to move quicker learn faster it grants access to more tools toys and resources it all depends on who you are and where you want to change Channel its Force money doesn't change people it strips away the vulnerability of being poor and gives them the platform to be as they really are rule number two never spend money before you earn it if you want to be poor keep spending money you haven't earned yet this is the main reason why most people never Escape poverty they borrow money to buy things they don't actually need or can't really afford so whose fault is this well some people will say the media who's aggressively marketing products to those vulnerable individuals promising happiness and the respect of their peers others say it's an education issue that nobody teaches you these things but actually it's a personal thing when you're maxing out a credit card to buy a new TV you know what kind of choice you're making okay you know it's not a smart purchase despite the TV being smart it's because of vanity you're sacrificing your future at the expense of your present people overspend on things they can't really afford and that's why they'll never break the cycle they're playing catchup with the present so there isn't enough time to move into the future rule number three don't chase money instead be a money magnet we know this rule sounds super cheesy okay like some kind of Law of Attraction but it's not it's actually a lot deeper than positive thoughts in the universe delivering your ideal life to you this rule can be broken down into two halves the first part means you're always behind money running toward it the fact you don't have money is because you're stuck on this rat race this hamster wheel you're not getting anywhere on as long as you're chasing it you're the coyote and the money is the Road Runner and nobody likes to be chased or caught so you best believe it'll always run away from you when it sees you coming now the second part is about attracting money which means becoming valuable Enough by yourself that money comes to you because of your skills and aptitude let us explain the more valuable you become as an individual the more people will want you to solve problems for them they will gladly run after money and bring it to you if you can help them out this is the fundamental difference between consumers of value and creating items of value one spends money while the other receives money rule number four invest time before you invest money this is the main thing holding people back from starting a common belief of the average person is you need money to make money but what these people never learned is that time is more valuable than money and early on you've got an abundance of time you're most likely throwing away no matter when you start it'll still take you on average 7 years to build a business 10 if you're not as smart and five if you've already got some money to begin with but there's still a Time requirement the sooner you start the sooner you'll get there you're smart you chose to invest a couple of minutes of your precious time with us and we could not be more grateful for it but you still need to get your hands dirty okay you need to be in the field whatever that field is for you real life or digitally it's shocking to us how people can't find 2 hours a day to work on their side project if you're not rich it's not because you don't have money it's because you're investing your time poorly rule number five the more you learn the more you earn now here's a very important distinction we have to make when it comes to learning learning for us is about acquiring knowledge that can be transformed into value in your life and the lives of others that's what learning is nobody cares if you know all the Pokémon or the first 38 digits of pie that's not valuable okay life is not a trivia show knowledge that doesn't have the potential to be manifested is not knowledge it's trivia Focus your learning on building a ladder for yourself to get out of this hole of mediocrity most of us begin our Journeys by learning how to build each step and then following through with the execution if your parents built you a ladder then use it if other people have documented how ladders are built study them we're all dealt different Hands In This Game of Life maybe some holes are deeper than others but the way out is almost always the same and we would like to help you climb out of that hole and start building with the alux app you get access to daily coaching sessions across Five Pillars of a good life Financial wealth physical health emotional intelligence relationship Wellness and sharp intellect plus we pay highle executive coaches thousands and thousands of dollars to create courses on your behalf giving you access to the same mentorship as top level Executives for just $1.99 a year and to sweeten this deal for you scan the QR code on screen to get 50% off your yearly subscription rule number six never be a slave to money become the master nobody wants to be a slave yet the way Society Works we're in slaving ourselves we've invented this amazing tool called debt some people use it to set themselves free While others lose even the freedom they once had to begin with bad debt is just the latest form of slavery the moment you borrow money for whatever reason it is your life is no longer yours it belongs to the creditors to the people who loaned you that money you will literally have to trade hours of your life in order for the proceeds of that work to go to someone else money is always is floating in between you either own that money or the money owns you your only goal is to be the master of money because well the alternative is terrible rule number seven you have to seduce money don't let money seduce you money is slippery in the same way that a knife in the hands of a professional sushi chef is a loyal servant in the hands of a child that knife becomes a dangerous weapon money has the appeal of showing you everything you can do with it all that is possible and it's easy to fall prey to its charms because who wouldn't want to fulfill their fantasies but that's exactly how money escapes from you the moment you give in that's when you open up that door and money Slips Away you've seen it numerous times with people who won Incredible fortunes and ended up broke and miserable just a few years later rule number eight money doesn't grow on trees unless you plant the right seeds for some reason people are only familiar with the first half of this rule everybody who's ever planted an apple tree knows what it takes to get to enjoy those apples you first need to find the seed then the right soil water it nurture it take care of it protect it from external forces give it enough time enough sunshine and attention and you'll eventually get to eat your apples and this is exactly the same way you build a fortune you've never planted the right seeds and never went through the process that's why you don't have your own money tree yet in the real world we call these Investments or businesses even the tallest tree started out as a seed but seeds by themselves don't grow into beautiful apple trees no these seeds that we're speaking of are ideas the world is filled with seeds and the best thing is they are free ideas are free you are the gardener the seeds are the ideas the sooner you plant this seed and begin nurturing it the sooner you can eat those damn apples rule number nine don't let your money get bored because money hates getting bored okay it hates it so much it usually either dies off or fleas to someone else who knows what to do with it money is kind of like a makeo shark it has to keep on swimming if it wants to stay alive money loses value when it sits and grows in value when it's used here's something you're probably unaware of if you had $50,000 and put it under your bed for 10 years at the end that trial your $50,000 will be worth approximately $30,000 in real Marketplace value and that happens because of inflation the rise of property prices developments the cost of living increases Etc that's the cost of letting money get bored put enough money aside for a rainy day and have it protected from inflation everything else use it to fortify Your Castle build things grow things use that money for what it's meant to be used for rule number 10 spend less than you earn now we know this sounds obvious but we still can't believe just how many people break this fundamental rule there's a large population who just doesn't care about the reason they credit card everything and there's an even larger portion of this population who spends everything they earn the first ones are already drowning the second ones are one wave away from joining them your inability to control your thirst for spending is the reason why you don't feel like your life is moving forward these people get seduced by money they enslave themselves with bad debt they let their pride and emotions take control of their spending all debt is inevitably paid back with interest if you can't afford to buy it now you cannot afford to buy it with interest on top if you're one of those people who don't like to budget things because it makes them feel cheap it's okay as long as you still obey this fundamental rule you can either spend less or earn more the choice is yours rule number 11 money is your personal Army it should go out there and bring back prisoners billionaire investor Kevin o kept pushing this metaphor and you know now it's something that we've incorporated into the way we think about money every dollar you have is like a personal Soldier every morning you send them out into the battlefield some will die some Will Conquer your goal is for more of them to return back home with prisoners if you start thinking about your dollars as free freom soldiers you'll begin to be a lot more careful with the troops you give away when someone asks to borrow some of your soldiers every time you give someone money you run the risk of this person killing your soldiers and never seeing them again soldiers that otherwise would have served you very well number 12 the right partner can make you rich the wrong partner can make you poor you'll never understand just how expensive it is to be with the wrong person until until you are the wrong person can hold you down they're so close to you they have the power to alter your fate they can help you to build wings for growth or they can chain you to the ground we cannot stress enough just how important it is to be with the right person someone to call your partner who is willing to go through this journey that we call life together with you you need this person to be strong competent and have the same goals and desires that you do because the road ahead of you will be filled with ups and Downs with hardships and nobody who isn't fully committed to this journey will be able to push through so find the right person and life will be a marvelous adventure rule number 13 money will solve all of your money problems nothing less nothing more for some reason people expect money to solve every problem out there and look okay it's true it can solve most of the problems but certainly not every single one of them money is like a universal key which can open up more related locks need a roof over your head money can solve that wondering what you're going to eat tonight money's got you covered your kids need school supplies money to the rescue these are all money issues money works for these but it's stupid to think that just because you've got a key you can go through a brick wall if there's no door in sight if you're poor all you see is money problems once you overcome these you end up realizing there are other types of problems out there where money has little to no power rule number 14 there are people who have money and then there are people who are wealthy so what does wealth mean when do you know you're wealthy well for us wealth is that point in your life where your desires and expectations match your reality that's when you win but it's about the winning combination of all pillars in your life emotional intellectual physical relationships and finance it's pretty much like collecting all of the Infinity Stones for a successful life some people are lucky if they get one or two out of those five The Peculiar thing is that these pillars are connected it's hard to win at relationships when you're emotionally damaged it's hard to build your financial Empire if your relationship sucks and so on this is why you see rich people who are not happy or fulfilled in their pursuit of financial gain they forgot about all of the other important pillars and Rule Number 15 your rewards in life will always be in exact proportion to your contribution if you've ever questioned why you earn as much as you do currently it's because of this rule this is the recipe for calculating how much reward a person should receive the bigger the contribution the bigger their reward if you serve 10 people your reward will inevitably be smaller than someone who serves a million people this applies to the poorest person and the richest person it's the foundation of value starting today you can immediately increase how much money you can earn if you just follow this rule in order to increase your rewards you have to increase your contribution and you can do this by serving more people improving the quality of your service or finding new ways to contribute this is all there is to it write these three things down and go through them every day until you figure out how to apply any of these three in your life and you'll immediately see a jump in the rewards you receive any of these 15 rules we've mentioned are valuable and strong enough to build wealth for those who not only are aware of them but put them to good use and of course for those of you who always stick with us until the end we've got a Bonus and that bonus today is would you rather be tired or broke because it is your choice okay we believe this from the bottom of our hearts every person can achieve financial success if they choose to stop being lazy most people think that being lazy is the opposite of working hard but that's not quite the truth if all it took was working hard then the richest people in the world would be cold miners or people installing roofs in July being lazy has to do with your mindset with your choice of picking hard things over convenient things of reading a self-help book instead of watching reality TV or sleeping two hours less than your friends so you can work on your project not being lazy requires you to sacrifice comfort in the present for the potential of the future not being lazy means doing the things that they are not willing to do today so you can live the way they can't we really hope this bonus made it worth your while today if you watch this thing in its entirety please write money rules in the comments we are so genuinely happy to see when the community engages like that we'll see you in the comments my friend until next time take care