15 Ways to Protect Sudden Wealth or Financial Windfall
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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
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Hello Aluxers! What’s your plan for all the money coming your way?
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The best things don’t need to advertise so much because they sell themselves. Makes the Alux app look cheap if you keep pushing it – like a used car salesman.
did you just say, dont tell your spouse???? you must be american
I take this opportunity to urge you to produce an episode on Markus Notch Persson. It’s crazy that you still haven’t.
@Mary Decouvertes Who? The video game guy?
@Steven Porter The creator of Minecraft, yes.
Better Call Saul!
¡No decir un alma!
🐶🐕🐾
DOG. I would sit down and re watch this video and take every applicable step to spend my money wisely.
It’s recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
👍🏻
👍🏽👍🏽
I would invest 3 hundred of it and get a minivan with a full restroom and start 3 companies that I feel I can be successful running.😊
DOG this was a phenomenal video!
1. Don’t tell a soul
2. Get rid of High interest debt immediately
3. Max out your retirement
4. Instead of paying off your house, 70% of it should go towards rental property
5. Instead of going on holiday. 10% to alternative investments with proven track record
6. Get an accountant or tax advisor to make sure everything is by the book
7. Don’t screw around – now you have something to lose
8. Control your spending urges
9. Consider inflation and adjust for it
10. You gotta get smart about money
11. Consider the lifetime cost of ownership for the things you buy
12. Don’t give away parts of the principal to your family or friends
13. Don’t give away a portion of it to Charity
14. Move the money out of the country
15. Develop a vision for the rest of your life
You have to do some research on which charities to give to. Some keep 90 cents on the dollar that the people they are helping never see. While other charities give 90% or more on every dollar.
Puerto Rico 🇵🇷 😊👍👍👍👍👍👍
The most important thing that should be on everyone’s mind currently should be to invest in different sources of income that doesn’t depend on the government. Especially with the current economic crisis around the world. This is still a good time to invest in various stocks, Gold, silver and digital currencies. I never imagined that a few thousand dollars per month would add up. However, it is. I’ve made around $600,000 since 2020.
If you’re in it for the Long haul, treat investing like buying Gas. Buy only the good stuff. Buy regularly despite the price. And know over time it’s sure to go up. Lol
Before investing, I would highly recommend you to read a few books. Books like Common stock and uncommom profits and the intelligent investor. They will help you a lot
I’ve been in touch with a financial advisor ever since I started my business. Knowing today’s culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
My advisor is Linda Perez Lewis , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Now that I know exactly what the dog to do, just got to get the financial windfall part handled.
Charity donations can be a tax write off so that can be a better use of it than it going to the government.
Excellent video as always but here is my problem I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market… can anyone help me out or at least advise me on what to do
you are right
Sorry to ask will having a professional guide improve my profits? If you know any please share
Simple way-to make lot’s of money in cryptO is to trade with an expert