15 Wealth Killing Mistakes Parents Make

We hate to break this to you, but many of you are in a toxic relationship with money.

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00:00 - Intro
01:45 - Telling Them: “It Doesn’t Matter What You Do, As Long As You’re Happy”
02:57 - Showing Them That Debt is Normal - And Making the Minimum Payments is Okay
04:13 - Modeling Poor Work Ethic
04:54 - Encouraging Them
To Take Out a Student Loan
05:43 - Not Opening
a Bank Account For Them
06:29 - Buying Them a Car
07:33 - Handing Them Money Whenever They Ask You
08:18 - Allowing Them to Hear About Your Financial Worries
09:15 - Fighting About Money With Your Partner in Front of Them
10:08 - Avoiding Conversations About Money
11:11 - Tying All Their
Fun Activities to Money
12:17 - Impulse Buying
12:43 - Giving in to the Clothing
and Makeup Epidemic
13:46 - Teaching Them
to Be Polite About Money
14:37 - Buying Things
Just Because It’s Cheap

Tools:

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For businesses inquiries we're available at:

[alux]

Hello ALUXERS! With one of these mistakes you think you can avoid making?

[BasementBerean]

My father was all about getting the cheapest services he could find. He hired the cheap car paint place that messed up the paint on his car. He hired the "guy down the block" to steam clean his car engine, and got the alternator destroyed. He hired the cheap, non-vetted house drainage guy, and got a faulty foundation drainage system for his house. He hired the sketchy landscaper and got his entire yard destroyed. He never learned.

[Caterinavasile]

Fantastic video! I have incurred so much losses trading on my own.... I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??

[DreamChaser-lv]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it, "I pray that anyone who reads this will be successful in life

[evanlam]

Expecting my first shout in October, so I’ve been trying to learn a lot about how to teach my kids about money and finance, you should make more of these.

[PatriciaBatchelor]

So much happiness and joy $47k weekly returns has been life changing. AWESOME GOD I now have a house and can now afford anything for my family even with my Retirement..

[ianfeuerhake]

Excessive traveling, and trips to disney

[javaidak]

🎉 agree 👍 with you, my darling friend ❣️❤❤❤

[skzxhfw]

But alux Karen forestparkga mental mindset about teaching kids about money 💰 Yes jobs part time job for teens not younger kids need to learn to see life all above okay

[teenindustry]

The bonus is so right. My parents gave me a great start and it was such a huge privilege . I got an excellent education, has the safety net to retrain and got a lot of help to build wealth. I’m so grateful

[somerandomfella]

My parents always pushed me to study hard yet were too tight to even buy me school books, stationery or shoes.

[chrisgayle]

You know an alux video is good when it touches a nerve and you feel the need to make a change.

[spoodermen]

1. Having children
2. Getting married / having a gf

[piku]

All of these mistakes are made by my parents
Thanks for making us aware of this....🙏

[GIVEN_U]

Wow!
Point number 16 hit really hard. "Your child's financial financial freedom starts with you '. How true!!

Thank you Alux

[teenindustry]

Actually no 1 is wrong. I worked in banking for years. I did ok but was not happy and did not rise as far as I could because I didn’t care. I went back to do social work, not a traditionally high payer but now earn a lot more than I imagined because I’m great at it and I started my own business as a result. It’s hard work but worth doing

[johnathansteve]

I started investing in the stock market because of dividends. What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can pass that on to your children, giving them a head start in life. I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.

[mohibquadri]

one question which always came in my mind is - How can an individual play an important or outstanding role in making his company a top player in market lets say an engineering construction company.. what are contributions which can lead to faster growth of company from an employees perspective who wish to skyrocket his own career path also in the journey.. which books would be essential around this topic...

[terrymarv]

Paper trading is a starting point but it does not nearly compare to how your psychology works when it’s your actual money on the line, and real money to be earned

[maximhollandnederlandthene]

Next: 10. Most important things to teach children.

1. Dont trust anything.
2. All things are not as it looks like.
3. Trust your guts.
4. Take time with important decisions, dont do when it has no use or doesnt feel good.
5. Look for your talents and use them.
6. Change things that make your life miserable, use and look for better options.
7. Work smart instead of hard.
8.
9.
10.
Whats more