15 Ways to Safe Guard Sudden Wealth |
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15 Ways to Protect Sudden Wealth or Financial Windfall
Get the app: https://www.alux.com/app Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://www.masterworks.art/alux Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. See important Masterworks disclosures: https://www.masterworks.com/cd In this Alux.com video we will be answering the following questions: What to do with money? What to do if you suddenly get money? What to do if you inherit a large sum of money? What to do if you win a large sum of money? What to do if you win a fortune? What to do after you sell your company? 00:00 - Intro 00:46 - Don’t tell a soul! 01:35 - Get rid of high interest debt immediately! 02:10 - Max out your retirement 02:49 - Instead of paying off your house: 75% of it should go towards rental properties 03:42 - Instead of going on holiday: 10% to alternative investments with proven track record 05:20 - Get an accountant or tax advisor to make sure everything is by the book 05:59 -Don’t screw around - now you have something to lose 06:44 - Control your spending urges 07:51 - Consider inflation and adjust for it 08:40 - You gotta get smart about money 10:10 - Consider the lifetime cost of ownership for the things you buy 11:44 - Do not give away parts of the principal to your family or friends 12:42 - Do not give away a portion of it to charity 14:20 - Move the money out of the country 15:14 - Develop a vision for the rest of your life - Get Rich Playlist: https://www.youtube.com/playlist?list=PLP35LyTOQVIsxb5Mf-Pr1xHJMZPtdIX8q Take Action Playlist: https://www.youtube.com/playlist?list=PLP35LyTOQVIuhLj_V6ThqHhVN52kozybm All Sunday Motivational Videos: https://www.youtube.com/playlist?list=PLP35LyTOQVItYEFKYW1WdjcHFuXt0s5h- Book Club: https://www.youtube.com/playlist?list=PLP35LyTOQVIvGYVKBE8qEwmP-S_Z7i0lL - Social Media: https://www.instagram.com/alux/ https://www.facebook.com/alux https://www.twitter.com/aluxcom --- Alux.com is the largest community of luxury & fine living enthusiasts in the world. We are the #1 online resource for ranking the most expensive things in the world and frequently referenced in publications such as Forbes, USAToday, Wikipedia and many more, as the GO-TO destination for luxury content! Our website: https://www.alux.com is the largest social network for people who are passionate about LUXURY! Join today! SUBSCRIBE so you never miss another video: https://goo.gl/KPRQT8 -- To see how rich is your favorite celebrity go to: https://www.alux.com/networth/ -- For businesses inquiries we're available at: https://www.alux.com/contact/ |