15 Signs You Are RICH

fifteen signs you're rich welcome to a Lux calm the place where future billionaires come to get inspired hey a lectures we really hope you're here because you just watched our previous video titled fifteen signs you're four and you're looking to see what the other side of the coin looks like in this video we wanted to dive a little bit deeper into what rich life looks like and serve as anchor points towards what aspects of your life could be improved the world looks at the rich differently and while some marvel at their achievements other vilify them those who are poor never actually bothered to look into how real fortunes are built and most of them think it has everything to do with luck and doing illegal things we were sorry to say that the world has dramatically changed and although there are still people getting rich from all sorts of bad things more and more people are making the financial leap by innovating and investing in themselves we are already accustomed to getting a tough hate every time we do one of these videos but hey please remember one of our earlier videos haters are losers getting back to this video here are 15 signs you're rich number one if you were to stop working you could go more than one year without affecting your lifestyle we have touched about the importance of having money saved up or smartly invested before a clear sign that you're doing well financially is the realization that if something were to happen and you couldn't work your lifestyle would not be affected by it poor people work for money while the rich have their money work for them the smarter you invest the more secure your reality is if you are really looking to see how well you're doing the rich could stop working altogether and never go broke just because of the way they invested their money number two you think that earning 1 million a year isn't a lot of money everybody wants to be a millionaire until they realize 1 million dollars isn't that much some of you might be shocked by this but even earning 1 million dollars per year isn't that much money of course things can vary depending on which country you live in but having a million dollar salary per year doesn't do much for you after you deduct personal expenses and pay your taxes you're barely left with anything let's say after everything you're able to save 1 million dollars every year for your entire working career that's 40 years totaling 40 million dollars earned assuming you'll put aside 1 million dollars every single year since you're 25 until you retire at 65 does that sound like a lot of money to you you might even get smart about it and place it in an investment portfolio that gets you a solid 6% interest compounded in the same scenario 1 million per year 40 years 6% you total around 170 million not adjusted for inflation or any financial crisis that dramatically decreases the end-result millionaire is the new upper-middle class and today you're seen as lower rich class if you have over ten million dollars in disposable cash yes liquidity is key number three you don't feel stuck do you feel it like you can leave anytime you want do anything you want and you're in charge of your life if yes then you're probably rich one of the major benefits of being financially secure is that you have options unless you want to your days can look different and you don't have all that being stuck feeling eating you from the inside comfort is appreciated but being too comfortable takes away from your inner nature to improve and constantly move forward your life has more levels to it you feel like the world is yours for the taking and hell yeah you're coming after everything the world has to offer number four you're confident that you could start over and things would work out this is when you really know you're rich because your success is no longer dependent on circumstances or environment you as an individual are worth a lot your knowledge your skill set all improved so much that even a dramatic change and the need to start over from scratch could not stop you yes it would be hella hard and time-consuming but you know that you would still get it people always underestimate the importance of investing in yourself if you know that this particular investment usually pays the best interest it also comes with an undisputable level of freedom you might be shocked when you hear a billionaire lost half of everything he owned in a divorce we've covered plenty of stories like that in our channel money is just money at that point once you know how to make money that knowledge doesn't go away number five you aren't motivated by money alone one of the beautiful things of being rich is that money doesn't control you you want it but you don't need it because of this subtle difference you can follow your heart without your passions and get motivated by other things that just accumulates more and more cash if you're rich you're motivated by legacy by helping others by the level of impact you can have on the world before you're gone number six you appreciate food for both the taste and nutritional value it always brings a smile to our faces when we hear average people be shocked but a tiny bit of food at a high-end restaurant costs so much money then they follow by saying how many burgers pizzas shawarma and beers could one buy for the same amount of money it's not their fault and you should not judge these people since they simply do not have the understanding that sometimes you pay the extra amount for a unique experience not for the actual calories you put into your body it's not that the raw ingredients are expensive even though most of the times was an expensive meal you get to enjoy some of the finest ingredients out there but you're paying for the time expertise and years of training that a specialized chef which used all that knowledge to create a unique and different experience let's go into this a little number seven you don't look at how much the food costs when you go to a restaurant there's a small shift that happens when you're rich and it's so subtle you might miss it when it does you remember the days you are poor right when you would go into a restaurant you look through the menu and naturally check the price of everything on it your eyes spend most of the time looking at the right column on the page this is so subtle but when you're rich you have an idea of what you'd like to eat check the menu for that particular dish but neglect to check the price it happens so naturally you might not even be aware of it next time you go to a restaurant just realize the way you order food it's fascinating what you can learn about yourself number eight you don't be able to need to show off your wealth money is a lot like sex once you know you can have it you don't really obsess about it that much you've probably heard the saying fake it till you make it but the thing is all the flashy things are a trade of poor people who want to project the idea that they're doing better than they actually are poor people stay poor by trying to live like they're rich and rich people stay rich by acting like they're poor it's really funny if you think about it and please pay close attention to what I'm about to tell you right now because this will change your perception of wealth the men in expensive suits look really successful until you learn that they work for people who dress in jeans and t-shirts welcome to the new economy a Luxor's number nine you understand art and why it costs so much common traits between the poor and the middle class is they have a very little understanding of art they cannot tell the difference between a Jackson Pollock and a van Gogh and a Mark Rothko or why anyone in their right mind would pay almost 200 million dollars on Rothko's number six a painting with three colorful triangles the art market is one of the last few unregulated industries in the world where something costs as much as someone is willing to pay for it even though there might not be any tangible value their art is currently in a bubble and one of the most profitable investments you can make the value of art is constantly going up unless the world is about to end this is one of the reasons we did all of those videos and artists so you can get educated and stand out from the crowd number 10 you actually understand taxes and how to optimize them if you are poor your mindset works like this if you earn more you should pay more taxes and for the majority of the population this sounds like a great idea that is until you start your own business you put in 100% of the work and get to keep only half of the rewards the rich should be taxed but only after you take into account their impact on the economy think about it without the rich their hard work the jobs they create the salaries they pay how would the world function everybody should work for the state study history and see how that worked out someone takes a high risk that 95% of the population isn't willing to pay puts their own life at risk and in the unlikely chance that they do make it you want half of their award you're not entitled to it if you're rich you worked hard and earned your money you want to keep as much of it as possible so what do you do what you've always done that got you to where you are you educate yourself you invest in the knowledge of the system and to make sure you protect yourself number eleven you have a mentor almost all rich and successful people have mentor people with more experience in a particular field than yourself which serves as counsel and helps you to avoid from making the same mistakes they made in the past these mentors are incredibly valuable and the more specialized your mentors are the faster you'll get to where you're going rich people have multiple mentors financial mentors physical health mentors emotional mentors etc but be careful who you choose to emulate a good mentor can jump-start your life while a negative influence could set you up for failure never take advice from people who have not done it themselves they are just spectators and should be treated as such number 12 you have multiple streams of income this is another way rich people make sure they stay rich creating multiple revenue streams is a simple concept but pretty hard to execute it's important to have more than one stream of income because if for some reason the main one fails you're not left stranded meeting desperately to patch it up or find another job similar to it this is a very dangerous situation because most of the time the stability of that particular income streams can be shaken or even destroyed by external factors your family's lifestyle and safety should not be vulnerable to any one particular aspect of the world they stock market plummets you still have your real estate and your active business to compensate for the drop if you got hit by a car and for a couple of months you couldn't go to work your royalties from your intellectual property would still come in and pay the bills you get where this is going if you only have one source of income no matter how big the income in you don't qualify as rich because you're vulnerable number 13 you never worry about bills this is one of the all-time favorite perks of being rich you never have to worry or be stressed out by the bills your essentials never get cut off and yours and your family's basic needs are taken care of but don't believe just because you don't worry about electricity bills means you're having a stress-free life let me dive a little deeper into this number 14 your businesses still keep you up at night if you're an entrepreneur that's already matured or still in the early days you know how business keeps you up at night you're always thinking about it how to make it happen how to make it grow how to pay your suppliers how to make sure all the people working for you are taken care of this is a part of life the majority of people will never get to experience the level of stress involved in starting growing and maintaining a business is very rarely matched by the one of working for a company when you're working for someone else unless you're doing a really bad job and expect to be fired when six o'clock comes around you're done and you go home to relax that's not the case for entrepreneurs even after selling multiple businesses and running with short companies that feeling never goes away you can escape it for short periods of time but it's always in the back of your mind it's just the way some of us are wired number 15 you are happy but a Lux money doesn't buy happiness and you're right we've said that before money doesn't buy happiness but it buys comfort to some degree it buys help and experiences which you can share with your loved ones used right money can trigger happiness statistically speaking rich people live a lot longer than the poor so you get more time to spend with your loved ones to see the world to enjoy new things and new experiences the weird thing is happiness comes from making other people happy and if you use your money right you can make that happen as long as you have a loving family that is in your corner no matter what you're richer than you might think it's up to you what you want to do with this type of richness we know these types of videos are a little different but we're curious to know what do you think we should add to this list let us know in the comments if you've watched up to this point we have another addition to this list that might even trigger some people number 16 you look forward to the next financial crisis Wow I bet you weren't expecting that well let me explain financial crises are the black friday for millionaires and billionaires true rich people are rarely deeply affected by them they are playing the long game and they got where they are not by speculating which stock will go up or betting on cryptocurrencies they understand that when the market is down it's an incredibly lucrative point start buying the real estate market just plummeted start buying office buildings and apartment complexes your main index funds are down 30% amazing buy as much as you can just think about it if you could buy a Ferrari car 30% office space value would that be an amazing thing to do these are the types of things poor people never think about and when something like a financial crisis happens they all retreat contract and sort savings that's when the real rich go shopping if you've watched up to this point we can only say a sincere thank you from the bottom of our hearts and hope that you found this video valuable please write a Lux family in the comment section of both of these videos so we can reply to the true a Luxor's thank you for spending some time with us a Luxor's make sure to LIKE and subscribe so you never miss another video we also hand-picked these videos which we recommend you watch next thank you for being an a lexer and we'll see you back tomorrow

Channel: Alux.com

Views: 1,132,045

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Keywords: Alux, Alux.com, Alux Youtube, luxury living, luxury lifestyle, luxury homes, luxury cars, fastest cars, alux watches, fine living, most expensive things in the world, new life, most expensive, extravagant things, billionaire lifestyle, rich people, signs you're rich, rich lifestyle, money, wealth, success, rich folks, rich family, happy life, rich life, fortune, pointers, someone is rich, millionaire, billionaire

Id: Pucmmb_uLCo

Length: 14min 4sec (844 seconds)

Published: Mon Aug 07 2017