15 Reasons You May Not Want to Be a Billionaire

hello elixers everyone wants to be a billionaire right but the more we thought about it the more we realize most people don't really take the time to identify the strings such wealth comes with we believe everyone should build wealth in order to obtain freedom but there are some things one should prepare for by the end of this piece we aim to explore the different ways an abundance of money might negatively impact your life welcome to alex.com the place where future billionaires come to get inspired if you're not subscribed yet you're missing out number one it'll take all of your time energy and focus to do it billionaire is such a big goal it can take between 20 to 50 years to get there the average age of billionaires is 66 years old a very small percentage get there before the age of 40 and it involves incredible tech money luck and timing here's something nobody wants to hear building wealth is a lengthy boring and tiresome process your brain never stops working you are constantly in a state of stress and this happens over multiple decades everyone who's an entrepreneur knows that when you lay in bed at night the brain keeps going to a point where you must force yourself to sleep this is the important difference in the scale of the target between millionaire and billionaire 1 million seconds is 11 days 1 billion seconds is 31 years sure you work hard play hard but all of this stress is taking a toll on your mind and body if all you're doing is playing for status along the way you'll realize it's not worth it number two you worry about your kids and family more not less everybody worries about the members of their family but the rich have even more to worry about because there's a lot more at stake wealth puts a big red target on your back and people will use any means to get some of that wealth for themselves beyond the level of physical dangers such as kidnappings you worry about fake friends or fake romance who are only interested in your kids for financial gains there's also the idea of spoiling your kids because fundamentally we all want our kids to live lives better than we did but sheikh rashid of dubai has a great quote saying my grandfather rode a camel my father rode a camel i drive a mercedes my son drives a land rover his son will drive a land rover but his son will ride a camel it takes a while to understand it but it's the truth it's why most fortunes are lost in three to four generations the fundamental idea is that hard times create strong men strong men create good times good times create weak men and weak men create hard times the cyclical nature of life continues making sure your kids grow up with true values and the purpose of instilling them with every generation is a must this is one of the main reasons why we created a lux and the new parents youtube channel which we encourage you to subscribe to number three everyone around you is on payroll the more your wealth grows the more people around you your life requires almost all of them are on a payroll although you befriend most of them in time there will always be an imbalance of power in your relationships and no matter how close you get this imbalance doesn't go away most people won't dare tell you to your face if you're wrong or do things that would displease you because it would affect their bottom line on a long enough work scale you end up spending more time with your assistants than with your loved ones and even when you're not around your paid staff there's still a target on your back number four everybody has an agenda there's this funny anecdote we heard from a very wealthy individual that said being a billionaire is like being a tall woman blonde hair long legs big breasts a perfect ten the moment you enter a room everybody there wants to screw you you'll constantly question the motives of everyone you interact with because history teaches you to be worried about all of them because you've been burned in the past it's not clear immediately but it doesn't take long before the relationship eventually ends up at the topic of money and how they have the perfect opportunity for you this is why wealthy people seclude themselves at the top of high-rise towers to put distance between them and those asking for their money number five after 50 million dollars there's little to no significant impact to your life what people actually want is the billionaire lifestyle well we have great news for you the billionaire lifestyle actually requires 50 million dollars sure you don't own a 500 million dollar yacht but you can rent one you don't need to have your own private plane to always fly private and your budget affords you to rent any home anywhere in the world around roughly the 50 million dollar mark no matter where you live in the world you would still have the same lifestyle as someone who's worth 250 million or more there's a point in your wealth building journey where you hit a spending ceiling unless you make it your priority to burn through money no matter how much you spend you're still going to be okay 50 million dollars earning 10 interest per year results in a spending budget of 5 million dollars every year we're guessing you could live well spending only 5 million dollars per year a while back we made a phenomenal video called 15 rules that make you rich and your life easy which you can check out by clicking in the top right corner in it we break down exactly how the rich structure their spending and make their investments and you'll find it super valuable number six you become out of touch with real life interviewers love asking rich people the same trivial questions like do you know how much a carton of eggs costs or a gallon of milk although the question is annoying there's actually some meat on that bone building wealth requires super focused tunnel vision on the situation at hand for extended periods of time you only know what's going on in your industry and around your business you rarely pay attention to the news or cultural events because you're too busy building instead of learning the names of all the kardashians it might not matter much when it comes to who's the current bachelor but this out of touch phenomenon quickly expands into other more important things how many of you know who their kids best friend is what number or letter class they're in because every decision you have to make has a lot at stake trivial problems of other people seem non-significant to you but it is significant to them this is especially true if you grew up with money you're so distant from the way most people live that your mind can't grasp just how hard it is for everyone to do things that you take for granted number seven people will think you're evil and hoarding resources you will be criticized by people who don't even know you we really wanted to address this argument because there is a hate going on toward the billionaire class for some reason super left-wing individuals think that every billionaire out there when they're not swimming in the gold coin vault like scrooge mcduck they have a secret agenda ruining the lives of everyone in poverty in order to hoard resources for themselves these people do not understand basic economics every single billionaire out there is a paper billionaire they own shares and companies that they built that are now valued by everyone else at an incredible amount of money in order to get those shares worth so much you have to build companies and products that people find valuable enough to pay for in order to produce these products you need to hire people at competitive rates otherwise the competition would hire them nobody is sitting on billions of dollars in cash making paper airplanes and lighting cigars with hundred dollar bills most economists agree that for every billion dollars a person is worth their enterprise generates in excess of 10 billion dollars in value for the consumers out there nobody's going around taking grandma's money it's actually you who enjoys ordering things on amazon and having them arrive the same day as if it were magic number eight politics now plays a role in your life no matter how much you want to stay out of politics it will hunt you down and it will find you a billion dollar business is a blessing to the geography in which it finds itself so the local council wants to make sure you don't move your headquarters somewhere else the government wants you to keep creating jobs and doing commerce because that's how we're going to keep score of how rich a country is the business environment and the political world are to some degree unfortunately intertwined why because politicians have legalized bribery in the form of financial support from corporations they don't call it bribery in the u.s they call it lobbying but the premise is basically the same you give money to your politicians help them get re-elected and when they do they pass laws that favor or at least don't harm you we're in this very weird period in history where the political medium is driven by for-profit corporations looking out for their own best interests most countries where forms of lobbying are in play have essentially become a corporatocracy as a billionaire these politicians will come after your money and threaten your lack of support with harsh measures that could hurt your business and favor your competitors number nine you'll be compared to elon and jeff we'll put aside that for some reason the term billionaire has a negative connotation among the 14 for an avocado toast generation for everyone else money is what defines you now and since money and wealth are actually numerical it's easy to rank them the same thing that's done with sports is being done with money now there's a hall of fame there are ongoing rankings and so on nobody cares if you've made it into the nba how well do you stack up against jordan or lebron there will always be someone who makes more money than you and even if you do make it to the very top it's just a matter of time until somebody else overtakes you since there are no limitations when it comes to wealth especially now when governments decide to print more and more money it doesn't matter how much you've done in the eyes of everyone else you should still be doing more number 10 it's only a status game if you've been subscribed to us for a while you know we encourage you stop playing status games you want to build wealth with the purpose of being free from the game of money the moment you begin playing status games you're back in the game of money where you need to show off your position in the social hierarchy is not determined by the number of digits before the decimal instead it's by how happy and impactful you are being worth four billion dollars and someone else being worth five doesn't take away from you or make you less of a person than the other one once you cross a certain threshold money loses value unless you're looking to play the high score game where who you are connects to how much money you have and what an awful way to go through life that is build as much wealth as you want to but be careful because at some point more money becomes just too expensive what's the point of adding 5 billion dollars to your 85 billion fortune if it means working under stress for the next 24 months of your life this might sound ridiculous to the average person whose brain can't even comprehend the idea that one could work two years for five billion dollars but remove a bunch of zeros and see where you end up if you are worth 850 000 would you work the next 24 months to add another 50 000 it's all about perspective at this stage of the game your assets are doing the work for you so unless you genuinely want to work for the purpose of enjoyment or humanitarian progress one has no reason to do so you already won if you want to build income generating assets that eventually take you to financial freedom we have an incredible video called 15 assets that make people rich which you can check out by clicking in the top right corner once you know what kind of assets generate wealth you'll stop playing status games and begin building long-term sustainable wealth number eleven material gifts lose value and importance what do you gift someone who has everything you end up with those crazy packages of nothing you find on amazon where you're literally just giving them an empty package link in the description the only material things you still want are way outside of everyone else's budget so material gifts are out of the picture the only thing left are personal experiences and truth be told you're starting to check those off pretty quickly since even those can be tied up to money as you can't get lost with the love of your life on the streets of florence without flying to florence in the first place people don't know what to get you so they get you random things that add more clutter than value to your life number 12 finding true love is almost impossible if you're not one of the lucky few who find true love before the explosion of wealth good luck finding that philosopher's stone not only will you constantly question the motives of everyone you develop romantic relationships with but we as humans are bonded by our struggles and your struggles aren't the same as everyone else's we've now overcome the age of the trophy wife and most successful individuals look for a solid partner that can hold their own and that's where things get really complicated less than 11 percent of billionaires in the world are female that's a one female billionaire for every nine male billionaires also keep in mind that most of them are 60 years old so what most billionaires choose to do is to find someone who makes a great life partner and hope that they will over time develop a level of care that kind of looks like love number 13. you feel like you lost your right to complain you can't complain about anything when you're rich people out there have different kinds of problems than you do and they wished they were in your position that's why everything you complain about goes through the you rich though filter what they don't know is that in reality it's exactly like biggie said mo money mo problems not because of your wealth but because of how many pieces you've got moving around you and they're all somewhat connected the only people left to complain to are your super close inner circle and other rich people which is why most of these individuals play golf amongst themselves they use it as a therapy session number 14. your wealth overshadows your other characteristics it doesn't matter how multifaceted of an individual you are people will only see the money we're plury valen people we are more than one of our characteristics yet because money is such an important part of society people will always default to money in their characterization of who you are this is especially true if you get the money first and then go after everything else they see whatever your passions are as just a pet project where a rich person is throwing some money at for their entertainment but here's some food for thought through a cultural example kanye west went from artist to billionaire but would you see someone like jeff bezos bill gates or warren buffett do it the other way around probably not even if they did a really good job at painting or acting you'd still see them as a billionaire who paid their way to fame number fifteen you feel isolated we are eight billion people on this planet right now as of making this piece there are only 2 755 billionaires in the world your problems are different your choices are different your relationships are different everything about your life is different and no matter how much you'd like to say you didn't change much wealth has changed your environment your decision-making processes and your relationships this is why they say it's lonely at the top because most of your interactions outside of your safe circle are people asking for things from you the body's natural reaction is to withdraw to isolate to safety this is why billionaires are buying hawaii piece by piece they want to be left alone as far away from the bustle of the city as possible but despite all of these achieving such levels of wealth allows you to push humanity forward in the ways the governments lack the expertise or brain power to do with great wealth comes great responsibilities or whatever uncle ben said so make sure it's to be a force of good in the world the more you think about the way to wealth will put on your shoulders we're curious to learn about how you the aluxer thinks about this so we're asking how do you think your life would change if you had a large amount of money with a focus on the things you would have to deal with we really want to hear from you in the comments and as for the true aluxers who are always watching these sunday motivational videos until the very end here's your bonus billionaire is the new millionaire we're living in one of the absolute best times in the history of humankind to build wealth and we believe strongly that billionaires are the new millionaires and if we're not there yet it'll happen very soon we did our research and if you look back at the 1960s the data is available from oregon state university and census.org there are about 80 000 millionaires in 1961 to 1962. there are close to 3 000 billionaires right now social media and the internet have managed to provide a massive financial multiplier to those who already have fame if you add to that some business acumen you end up with a new wave coming with the advanced monetization of fan bases we bashed the kardashians earlier in the video but kim kanye and kylie have all three cross the billion dollar net worth threshold jay-z is a billionaire jordan is a billionaire lebron is a billionaire the peak performers in every space could convert their influence into money if they find the product market fit but how does this translate to you while the peak is slowly moving from millionaire to billionaire it's never been easier than it is today to transition from poverty to millionaire status we even have a playlist dedicated to this specifically if you're looking for more info on it it's your job to use the information and this new technological wave to build your future and we can't wait to see what you build we believe some of the people watching this video right now are tomorrow's millionaires and eventually billionaires it's time to prove us right if you made it here and believe this to be true write tomorrow in the comment section because tomorrow is all up for grabs you

Channel: Alux.com

Views: 133,459

Keywords: Alux, Alux.com, Alux Youtube, billionaire, millionaire, rich, want to, not want to be rich, not want to be a billionaire, not worth it, why money isn't worth it, downsides of wealth, downsides of having money, downsides of being a millionaire, downsides of being a billionaire, reasons you might not want to become a billionaire, billionaire lifestyle, life of the rich, bad things about being rich, rich people problems

Id: glcnaqo_Yto

Length: 20min 10sec (1210 seconds)

Published: Sun Apr 18 2021