poor people think that spending money makes you poor but that's not a universal truth when the average person spends money they do get poor her but smart and successful people have figured out ways to spend money and get richer because of it by the end of this video you'll have a list of 15 things you can buy that will make you richer and the way you think about your spending will change benefiting you for the rest of your life let's do this welcome to alux the place where future billionaires come to get inspired number one
a useful education you know what they say first you learn then you remove the L the main problem with most of the education out there is that it's not conducive to either wealth or happiness they need you to be productive and educated enough to secure a job so they can later chain you down with A continuous cycle of debt useful education is the antidote to the educational inflation the world is experiencing right now everyone is highly educated but a tiny minority has actual skills that are valuable the world needs more electricians and Engineers not more
influencers number two timesaving purchases anything that truly saves you time is a solid purchase if you're young and asking yourself what should I invest in right now here's the answer you're looking for if you've got some money to invest move to a new rental place with a higher rent but closer to work here's the reasoning behind it if you move 30 minutes closer to work you can justify paying up to 50% more in rent 30 minutes on your way in plus 30 minutes on your way back that's an hour per day 5 hours per week
assuming you don't go to work on the weekends that's 20 hours per month 240 hours a year if you assume you work 8 hours a day 240 divided by 8 is 30 extra work days that you're saving up to do with as you please in a whole year here spend that time on things that make you happy inspired or Rich number three your environment we're very much like plants in the growth Department if your environment is toxic you won't be able to Blossom if a flower doesn't Bloom you don't blame the seed you blame the
soil invest in Everything You Touch or experience the bed you sleep in the pillow and the bed linens comfortable shoes a warm home and a decent View invest in what you eat what you drink and what you consume all of that will shape your tomorrow upgrade your environment because your environment upgrades you Number Four Country Club memberships country clubs or membership clubs are not about the spa or the golf course these establishments are places to network the high fees are there to keep the mediocre out so you're surrounded by successful people most people see these
as extravagant expenses because they don't provide an immediate Roi instead they become extremely valuable in the long run you spend roughly 4 hours on the course in a game of golf this is perfect for developing those connections and getting to know one another while still maintaining some level of Fitness that's why rich people golf so much number five online courses education is moving online and it's the right kind of education the kind that you can apply immediately a wonderful online course is so valuable it's like you're stealing from the teacher or something a bad online
course well that's the teacher stealing from you tip scout out for wonderful online courses a few dollar investment will completely change your life and if they don't well a good online course comes with a no questions asked money back guarantee highlevel online education has never been available until now no matter where you are in the world you can find an expert to hold hold your hand and walk you through the actionable side of things that interest you which is why we've created our educational company al.org the ultimate skill that one can absorb is learning how
to learn once you master it the entire world becomes your playground since you can flip a switch and acquire any other skill you want we've got an actionable course specifically on this called learning Mastery which is available for purchase today at alux.com learn even even more so if you use the promo code alexer you'll get 25% off at checkout since the world is evolving so fast learning how to learn is the ultimate competitive Advantage number six debt repayment debt is the closest thing the modern world has to slavery debt makes poor people poorer and rich
people richer 99% of the population can't tell the difference between good debt and bad debt this is why we call the rich the 1% the longer you hold on to debt the more interest you're paying here's a subtle but important difference between the rich and the poor poor people go to the bank to ask for money when you're rich the bank calls you to offer you money at a discounted rate you can't be free unless you're debt free so buy back your freedom by paying off your debt number seven books books allow you to live
more lives than just your own books are one of the most underrated asymmetric Investments that anyone can make a book costs like 15 bucks 10 books can literally change your life for the better that's $150 in books yet people would rather watch the circle on Netflix than grow as a human being and if you're simply not a reader will we recommend audiobooks maybe you simply don't have $15 right now so here's what we're going to do go to alux.com slf freebook and sign up if this is the first time you do it you can pick
one audio book for free thanks to our friends at audible who are kind enough to support our community we recommend die with zero by Bill Perkins Tuesdays with myy by Mitch album or antifragile by Nim TB number eight business events business events are a more diverse version of country clubs people from all around the world come together to look for motivation knowledge and business contacts it's basically a reason to interact with other people plus it gives you some access to the most influential people in your industry going to business events is what allowed us to
connect with people like Gary vaynerchuk Jordan Peterson Gabor mate David Sinclair Mark Manson Adam Grant and most of your favorite thought leaders today now here's the catch we don't buy the VIP ticket for the front row seat because you've probably heard these speakers share similar stuff online we get the VIP ticket because it grants you access to the private party after the event that's where business is done and where true networking is possible and where most of the business deals actually come together you're only a handful of people and it only takes two or three
of these events to build a foundation of contacts that can introduce you to everyone else if you're going to a business event get the ticket that gets you access to the private dinner or after party it's the biggest bang for buuck number nine better accountants here's the thing okay if there's one direct service that can earn its keep it's accountants or tax advisors if you're in the US a good accountant might cost two or three times as much as a mediocre one but it could save you 10 to 100 times the money accountants are The
Magicians of the financial world and it helps to know a spell or two remember you're under no obligation to pay more taxes than the bare minimum of what you're legally required to if you want to contribute more do it directly because the government seems to be a poor middleman number 10 coaching sessions now coaching sessions are when you pay someone to help you figure things out because well they've done it themselves a good performance coach increases your performance and performance directly Alters the bottom line you can expect to pay $500 per 1hour session or around
$5,000 per month to have access to an executive coach some of them talk more than they actually help but but there are a few out there who know what they're doing and can save you years and millions of dollars in trial and error coaches and mentors play a crucial role in every entrepreneur's Journey once they decide to take their growth seriously but most just can't afford it instead of paying $5,000 a month to have access to a single executive coach go to alux.com slapp right now because we pay the ridiculous fees of these coaches on
your behalf put them into a studio and give you access access to the same kind of information they would teach you personally but for a fraction of the cost that's what the alux app is you're getting millions of dollars worth of value millions that we spend out of our own pocket building this so that we can level the playing field here once you cross the $1 million Mark send us an email we're on a mission to create 1,000 new Millionaires and we want you to be the next our app is not free nor should it
be cheap but if you're in the early days and you can't afford the full subscription download the app and then come back and scan this QR code on screen right now to get 25% off the yearly plan it's our way of helping you to build that initial momentum so scan the QR code and invest in yourself for once number 11 great birthday gifts the best gifts in life are the ones that make a difference they're thoughtfully chosen there's effort and time going into the selection and they're tailored to the person that's giving the gift do
not underestimate the importance of gifts humans don't realize just how few birthdays we actually have in our lives just how few moments we get to spend surrounded by everyone that we care about but a great gift you'll remember that for the rest of your life so don't cheap out on gifts okay you are not the gift if you really love them give them something they'll remember number 12 travel you know know they say travel is one of the only things you can spend money on that makes you richer and that quote was actually the inspiration
for this entire piece we read it and well challenge accepted we bet that we could find plenty of other smart purchases and so we did travel does indeed build a different kind of wealth it creates memories and memories pay what we call a memory dividend travel early in your life when travel doesn't require that much money to begin with and before Comfort has spoiled you if you're in your early 20s spend that money you make on travel because it's the best Roi you'll get contrary to most of our long-term advice don't try to save money
when you're really young because statistically your income will Skyrocket in your 30s and 40s so sacrificing your 20s just to save a little bit of cash that gets chewed up by inflation anyway just isn't a great strategy the sooner you travel the more time you'll have to bank those memory dividends as you grow older your memory bank becomes a lot more important than your actual bank and some travel might only be available to you for a limited time okay so that clock is ticking number 13 another apartment you want to hear a controversial idea don't
spend your earned income work hard buy any kind of asset you can afford and spend the money that asset makes you instead you get rich when you buy things that make you money or increase in value over time you don't have to be a genius to get rich in real estate buy a studio a condo or a house and rent it out every month that piece of property will make you money that apartment might not allow you to live the life of your dreams but it will pay for your utilities forever so there's one less
thing to worry about we call that expense Arbitrage you make a list of all the expenses in your life and then you buy assets that will pay off those expenses on your behalf so as long as you don't dramatically improve your lifestyle at some point you'll have more than enough money coming in from your assets to cover all of your life's expenses that is when you're free number 14 equity in other people's businesses buying minority Stakes 20 to 40% of profitable businesses is a cheat Cod to life you don't buy it entirely because that would
mean you have to run the entire business and take care of everyone on the team but by buying a minority stake the business now has more than enough money to support its rapid growth use your knowledge and connections to open doors for them so that their growth will be exponential and then take a step back let them do the cooking not only will the company pay off dividends but you get to hang out with a great team and if you want to build cool things with them well get to work Partnerships are in a essential
part of growth so find yours and number 15 time with your kid now we've said this before and we'll say it again sometimes more money is just too expensive and some of the best things in life are not for sale it's easy to postpone things thinking you'll do them later but sometimes later Never Comes by the time you finally make up your mind it might be too late a pro tip is to have kids when you're almost ready think 60 to 70% ready lots of people who have kids late end up regretting that choice because
the Gap grows larger if you can hire an assistant or an executive to free up a couple of hours per week use those hours to spend time with your kids children are a unique opportunity to relive your own childhood this time with money resources and a little bit of wisdom we know this list could have even been longer so we're passing this off to you at this point what are some things that you can buy that will actually make you richer let us know in the comments we can't wait to see what you come up
with and did you know that fewer than 20% of the people watching our videos watch until the very end well for those of you who are still around we've got a secret bonus Rich versus wealthy because there's a difference between being rich and being wealthy rich is when you earn a lot of money by working wealthy is when you earn earn money in your sleep you know you're wealthy when if you stopped working today your fortune would still go up tomorrow that's one of the most important distinctions out there you want to be wealthy not
rich you get rich by making aggressive moves forward when you learn when you invest when you reinvest profits all of them are forward moving actions that will help you to earn more but life is a two-way street so every once in a while make some defensive moves take some chips off the table to secure your position let's say you've got a business that makes $1 million a year you can reinvest it in the business and get 30% more next year and 30% compounded the year after but if history has taught us anything it's that you
never know how things might change so sure reinvest some of that money to grow the business but Park some of that value in an uncorrelated Market think the S&P 500 ETFs real estate whatever floats your boat just don't literally buy a boat okay because those are terrible purchases you can consider yourself truly wealthy once your passive income matches or exceeds your active lifestyle so if you've learned this difference and have made it your priority to build wealth in your life write the word wealth in the comments that way we know who the 20% of you
are who are still watching we'll do our best to thank as many of you as possible thank you for spending some time with us today and subscribing to our channel that was really cool of you the best of our videos are in this playlist so pick your next watch carefully we'll see you back here tomorrow or later today in the app until then take care my friend
