hello elixers and welcome back to another fascinating sunday motivational video especially since this one puts the two ends of the wealth spectrum head to head the bottom 20 and even most of the middle class have this distorted idea about what wealth means mostly because they never got to actually interact with real money all they know about wealth is based on what they see on the gram movies or tv so we thought this is a great opportunity to address some of these misconceptions welcome to alux.com the place where future billionaires come to get inspired if you're
not subscribed yet you're missing out here are 15 things poor people think rich people do that the rich actually don't number one poor people think the rich drive ferraris and lamborghinis you want the truth although both brands make incredible looking cars both are a pain in the rear to drive as your daily car interiors are super uncomfortable little to no storage space and they draw too much attention real wealth doesn't want the attention it's usually the new money that our attention an uneducated athlete or a tv personality who just scored their first big paycheck and
decided to blow through it because in their mind the money will keep on coming don't get us wrong we love the experience of driving a lambo or ferrari now and then but in our experience rich people drive high-end cars focused on comfort and security you're more likely to see a multi-millionaire driving a tesla or a volvo than a mclaren even if the doors go up that way number two poor people think rich people wear gucci or other flashy brands the extension to the previous point is flashy in your face fashion here's the truth to this
luxury fashion brands are paying celebrities you know the folks poor people look up to to wear their products with a single goal of getting poor people to associate their brands with success and struggle their way into buying overpriced goods luxury brands used to be for older people until the marketing folks understood they could sell to the young and the poor the rise in consumption of what used to be luxury brands is actually driven by western teens millennials and china and india's middle class 55 of gucci sales were made to consumers younger than 35 that's why
bernard arneau the owner of lvmh is as of making this video the richest man in the world yep the louis v guy overtook jeff bezos when you see celebrities on the gram flexing and gucci or whatever these folks are getting paid or receiving the clothes for free they're taking money from you by putting this idea in your head that a pair of sneakers will make you happy and others will respect you because of it poor people stay poor by trying to look rich number three poor people think rich people know celebrities speaking of those celebrities
on the gram it's interesting when you realize the only wealth poor people see is the one on tv thus associating celebrities with wealth by the simple rule of association if you're rich you must know celebrities because you're some kind of celebrity yourself horrible most rich people have friends that are doing cool things but it's more like the exception than the rule most of the wealth is made kept and growing in very boring enterprises the average rich individual owns a boring company they install roofs have a zipper factory in china or move things from one place
to another for profit the more rich people you meet the more you realize just how distorted your view is about what it actually takes to make money the owner of a logistics company makes more money per year than your favorite tv series actor number four poor people think rich people have a master plan to keep everyone else poor believe it or not the rich want the poor to have more money why because the more money the poor have the more they are willing to engage in commerce instead of thinking in terms of poor rich and
the middle class think of it as builders and consumers some people make things that other people buy and use almost everyone who is rich is a builder if you're unable to build or create value then you'll never be rich number five poor people think the rich pay more in taxes than they do this is a touchy subject but we had to put it here because there's more than just the subtitle to the issue yes rich people pay substantially more in yearly taxes than the poor this is a fact however what the middle class needs to
realize is that rich actually pay less of a percentage than they do here's a super simple example if you work for a company your taxes are withdrawn directly from your paycheck depending on your industry it's usually between 30 to 50 percent that the state keeps from what you generate if you add it all together the rich and their companies actually get a different set of rules when it comes to taxation that allows them to be tax-free as long as they keep hiring people like you the state is happy to allow the rich to do this
because they're then taking more money from you the poor and the middle class last sunday we did a mind-blowing video where we exposed all the ways rich people use to pay close to zero percent in taxes we strongly recommend you check it out by clicking in the top right corner number six poor people think rich people are good at saving money this confusion came from a movement in the self-help community where influencers of the time perpetuated this idea that rich people became rich by not spending money on coffee and putting that one dollar a day
into the stock market poor people are amazing at making the most out of the little money they do have the problem is they don't have enough to save rich people are actually super bad at saving money they're ideologically not interested in saving money because money saved doesn't grow rich people focus on increasing income poor people focus on cutting down expenses as long as you live if you remember this one thing you'll be able to build wealth it's the one rule that made us rich we are now able to save and invest up to 90 of
our income you can't do that unless you blow up the amount of money coming in if you suddenly made 10 times more money than you do right now and were disciplined enough to not alter your lifestyle you would be able to invest almost all of the difference in income generating assets poor people think rich people are good at saving money when actually the rich are good at investing money number seven poor people think the rich have all the answers everyone assumes that just because you were good at figuring out the money part you would be
good at everything else this is false sure there are transferable traits but it takes more than being good with numbers to solve the many problems that life presents what's the fascination people have with the opinion of celebrities in terms of international politics social causes or airborne diseases life is all about context and expertise there's no magic key that opens every door number eight poor people think rich people are less stressed than them something most people don't realize is just how many more things you have to deal with with every single day as your wealth increases
every single investment you make comes with a price it'll make you money and in exchange it'll take up a piece of your mind the more things you're juggling the more stressed out you become all of it the empire everyone is looking to build will rest indirectly on your shoulders people's livelihoods will depend on your ability to make decisions and you better make the right ones or everyone else will suffer because of your inability this is why people in the business environment age up faster it's also why they're into supplements and life prolonging practices number nine
poor people think rich people spend their day drinking cocktails on the beach if you ask the average person what they would do if they were super rich they would tell you about traveling the world and sipping cocktails on the beach this is an idea sold to you by the investment funds in the 70s and 80s who had their marketing teams redefine retirement as a continuous collection of beaches and margaritas rich people find out the hard way that it's all the average executive spends 23 hours per week in meetings this is fueled by the fact that
on instagram and other social networks you only see the pics from the seven day holiday so we then associate a person with the only pieces of information that we have number 10 poor people think the rich never worry about money want to know a secret every rich person out there is scared out of their mind that someday they will somehow screw it up and lose it all that's why the rich are usually a tad more paranoid than everyone else in all honesty it's understandable you've worked most your life to build something of value and now
you're working hard to preserve it money is always on your mind because most of your life has been ruled by the pursuit of money when you spend so much time focused on one thing it becomes part of your identity also when you have money there's a lot more at stake money is a multiplier for anxiety because now you have something to lose you know what doesn't increase anxiety knowing that you smash the like button for the youtube algorithm and subscribe to our channel it allows us to keep doing what we do number 11. poor people
think rich people have no real skills how often do you see average people look down on the rich when it comes to the get your hands dirty type of activities this misconception comes from the fact that you never see anyone rich changing their own oil in their car or washing clothes or cleaning the house the truth is these are very basic skills anyone can learn or do quite quickly this is why these skills have a fairly low economic value if anyone can do it it's easy to find someone who will once you acquire a high
value skill you're more inclined to monetize that one and outsource everything else to people who are charging less than you make an hour if you'd like to learn what skills millionaires master click in the top right corner number 12 the poor think the rich want to be on the forbes list this is one of those hilarious things that we've learned as our wealth increased when you're just starting out you have people you need to prove wrong being on the forbes list or on the cover of a profile magazine is something that toots your own horn
and proves wrong the seventh grade teacher who called you an idiot that one time as you mature from a financial perspective you start to question if the positive pr you're getting is worth all the messages and people coming after your money the truth is there are some people who pay to be on the cover of forbes and then there are other people who pay not to be mentioned number 13 poor people think that rich people don't help the poor this is because you expect rich people you don't know to just give you you haven't earned
or don't deserve almost everything of value in society is the brainchild of someone who is now rich because they helped you solve a problem that's what the average person who tweets eat the rich on twitter on their iphone doesn't understand you're making apple and twitter money as you're complaining about their wealth remember when you had to memorize everything and how you can now google things well thank you sergey and larry you added so much value to society that we're okay with you having a nice house every time you create a company you need to hire
people this creates jobs and allows people to keep their lights on what the poor seem to be expecting of the rich is to give them money directly with no questions asked number 14 poor people think the rich are pretentious how many times do you hear people complain that the rich are bougie here's a metaphor for this entire way of thinking once you learn what's in chicken nuggets you no longer want chicken nuggets and if you do you better get the real ones the rich are about quality and care about time if we're going to eat
might as well eat well if we're going to talk we might as well have an interesting conversation this sounds pretentious only to people who settle in mediocrity number 15 poor people think rich people have everything when every problem you have in your life is a money problem those who have money seem like they have it all but the moment you fix the money problem you're left with everything else rich people are surrounded by other rich people so money is not a differentiator they deal with the same type of societal pressures kids get bullied the investors
want you to work harder there's not enough time to reconnect with your spouse and so on jim carrey put it wonderfully when he said i think everybody should get rich and famous and do everything they've ever dreamed of so they can see it's not the answer and that's a perfect moment to begin a conversation on this what is the one thing you really thought would change your life until you were finally able to afford it and the magic went away we're really interested in the way you guys have experienced this and we'll make sure to
give hearts to the five comments with the most valuable answers now for those of you who are consistently watching these videos until the very end here's your bonus people who create wealth will be attacked by people looking to create status it's society's way of saying despite the gap in our lifestyles i'm still better than you are because look at how virtuous i am there's no nobility in poverty the same way there's no nobility in having money just to say you have money the moment you stop playing these status games where your actions are only meant
to signal to society just how well you're doing you will finally free up enough energy to be able to address the things that actually matter wealth means your livelihood isn't dependent on your actions it's money while you sleep it's income generating assets pay attention to every time someone goes after anyone who's done anything worthwhile and try to figure out their motives more often than not they're looking to put themselves or the tribe they represent on a pedestal by bringing down someone else don't play status games alexers stop caring about what people outside of your life
think and go after what your life needs to be the way you want it to be how crazy has this journey been so far our community is growing slowly but we'll get to that 5 million and then go for 10 million subscribers if you find what we do valuable help us get there that's all we ask do you
