These are the 15 People The Rich Have around them!
Ever wondered what the ideal team looks like for someone who’s made it to the top?
Hello Aluxers & welcome back to another fascinating Sunday Motivational article! Today we’re giving you a glimpse behind the curtain into the way wealthy individuals structure their inner circle and network.
The goal of this article is for you to understand that:
Success is such a long journey, no-one can walk alone! You need to build your team!
We’ve established that there’s no such thing as a completely self-made individual, that you need people to help you build, folks you can rely on and push you forward.
That’s why today’s topic is so valuable! Here are: 15 People That Make You Rich!
As always, here’s the video version of you don’t feel like reading:
A supportive family
Family is always put on a pedestal. They see the family as separate and superior from everything else and this isn’t something new. Wealthy families have put their own family above everything for centuries, that’s why the richest families in Florence 500 years ago are still the richest families today.
Wealthy individuals build their fortunes around their family and every member pushes towards the same goal in their own way, because at the end of the day, who else is more trustworthy than your family?
Family members have a massive unfair competitive advantage that spurs from the inherited trust they are bestowed with.
Family should be your stronghold!
No matter what happens, you should always be able to come back to your family and know that they are there for you.
A close inner circle
These are the immediate connections who’ve stood the test of time. They are basically family without the blood line.
These are the people you trust, the people you let into your home, soul and mind. They know you and accept you for who you are. They will be there for you in the rainy days with an umbrella and with champagne glasses when it’s time to celebrate.
One of the most valuable lessons we’ve learned in the past few years is how to measure success. We learned this from Shawn Carter:
Measure success by how many successful people you have next to you!
The wake-up call came when we realised that:
You qualify as broke: if everyone around you is broke, except for you.
Make your inner circle rich and they will return the favor.
Outside of your immediate friends any wealthy individual needs two powerful tools in his arsenal: LAW & FINANCE.
Here’s something you probably didn’t know. A statistic from last year said that the number 1 way american’s see themselves getting rich is by suing someone wealthy in winning.
For middle class americans getting hit by a public bus – and surviving obviously – or minor physical damage during work could mean you hit the jackpot.
The United States has more lawyers than all the rest of the world put together: almost 800,000 of them. 90 million lawsuits are filled every year.
Most of them target companies and the wealthy, people who have something to lose.
There’s even a running joke between rich people that says:
You’re not really rich if you don’t get sued at least one a month!
People see you as a target. Even a great guy like Will Smith gets sued on average around 20 times per year.
You need a good lawyer, he keeps the predators away and makes sure you get paid.
The other side of the valuable tools rich use are people in charge of their financial optimisation.
That’s how Trump ended up paying only $750 per year in taxes: you have to play the game by the rules.. The thing is: there are so many rules you don’t know about.
Wealthy people can afford to pay someone to go through every single one and figure out ways to leverage that in your favor.
Just a quick reminder: Do you remember when the panama papers came out revealing how all the rich people were moving their money offshore to dodge taxes and the story just went away and nothing happened?
Well.. actually the journalist breaking the story died in a mysterious car accident.
It’s actually super easy to pay little in taxes if you form a corporation. We’ve made several videos that break down how to do this, one of them is 15 Reasons Why the rich are getting richer which you can check out below!
As your wealth increases the more you begin to truly understand the value of time. Which is actually a great question to ask yourself right now?
How much is your hourly rate?
Take a moment to come up with a realistic and true number.
With that answer in mind, you should never do anything that can be outsourced that’s worth less per hour than your hourly rate. For example: we never return online orders that are worth less than our hourly rate. The time to go through the process is more valuable than the item itself, so we just gift or donate them.
An assistant is a person who’s hourly rate is lower than your but high enough to be trusted with valuable tasks.
You all have the image of the assistants in movies bringing coffee, but that’s not what most assistants of wealthy individuals do.
A great assistant will do 2 things for you:
- Solve problems that you don’t need to be bothered with.
- Keep your life on schedule.
That’s all there is to it. Time management and problems solving for issues lower than your hourly rate.
This is more of a function attributed to an individual than an actual separate person. For some, the confidant is the lawyer, the accountant or the family friend, but everyone needs this person in their life.
The function of the confidant is that of a buffer of secrets, intentions and ideas.
This is the person who you trust completely, they know your secrets, they know you completely and they can provide honest feedback without judgement or the fear that the secrets will be leaked.
The emotional burden released with getting something off your chest is something quite valuable for everyone of us, but be very careful of who you pick as your confidant, for this person has enough ammo to ruin your existence if there were to go rogue.
The very first point of this list was FAMILY. Children are a crucial part of the family, and as every parent knows, quite a time consuming part.
Here’s the main philosophy we’ve identified among wealthy people when it comes to nannies and raising children:
You bring people in, to free time, so you can be a part of your child’s education!
With wealth, time gets scheduled differently and you want to make the most out of every interaction you have with your children. A nannie is there to fill in, the times in between.
Nannies free up time to spend with your spouse, go on dates, keep the flame going otherwise the entire family will suffer.
There are many nannies who earn in excess of 200,000 dollars per year and people will happily pay to get the best possible education for their children.
A financial manager
This happens inevitably once you hit a certain amount of money depending on where you live. It’s at the point where you have more discretionary income than you know what to do with it yourself.
You’re busy running 1-2-3-4 companies, the money is pouring in, you need someone to manage it for you.
This is a person who is versed in the financial world and risk mitigation. Their job is basically to make you more money out of the money you currently have.
They go out into the marketplace and find opportunities for you to invest your money. They structure deals, provide detailed reports on your financial performance and in some cases, they make sure your children don’t blow through everything you’ve built.
Most wealthy families have a dedicated financial manager. An alternative are hedge fund managers who basically do something similar, but not on an individual level.
Every rich person has a very conservative politician friend.
The process is fairly simple.
You have a friend that wants to be the change they want to see in the world.
You have money. Money buys marketing and a good campaign -> which gets your friend elected in office.
When the time comes for your friend to weigh in on topics that relate to your activity, he votes the outcome more favorable to you, as a token of your friendship. In some cases your friend will also grant you government contracts with the rewards being split between you two.
In the developed world, what we just explain to you, is called CORRUPTION,
In America.. Is called LOBBYING.
If you laughed at that joke make sure to share this article with a friend!
A mentor is one of the most valuable people one can have around.
Your mentor is someone who’s walked the path you’re on right now and can provide guidance on the smoothest way until the end.
You don’t need to be wealthy to have a mentor, but almost all wealthy people have one!
How amazing is it to have a person you can go to for guidance and answers to questions that bother you and know that they have your best interests at heart?
A quality mentor can save you 10 or more years of making mistakes on your own and millions of dollars in the long run.
The amazing thing is that you no longer have to pick from the people in your city, today you can have mentors all around the world; matter of fact, we built alux as a mentorship resource.
We’ve had great mentors along the way and all their knowledge gets infused into these daily videos for you to thrive on.
Outside of ALUX, we strongly recommend you pick up Tribe of Mentors, a book by Tim Ferriss who put down the best advice from all the successful people he came in contact with. We know some of you might not be able to find it in your local book stores so we reached out to our friends at audible and if you go to alux.com/freebook and this is the first time you sign up, you can get the audiobook for Tribe of Mentors for free. Thank you for supporting the community audible!
Most private bankers offer financial management services as well but their main function is quite different.
A private banker is the person who secures funding when you need it. They’re basically a piggy bank for your financial project.
Need 10M to build a new apartment building? Sure!
You’re low on cash and need 5M to pay for your shipments, no worries, your private bank has your back.
These people are willing to loan you money because you’re rich. You have more than enough assets to cover your debts in case anything goes south + they trust you; you’ve done business together in the past and it worked out great for both parties.
Bodyguard & Security
These are the people that make sure you’re safe from every perspective. They protect your life, your home, your family, your data and more.
The wealthier you are the more money that goes into security. It also happens with fame.
Just to give you a perspective into security costs. Someone like Kylie Jenner spends between 300-400,000 dollars every single month on security.
It’s really expensive to be famous and rich.
Today, more so than ever. Everything about us is online. We live online, we spend online, we bank online and all your activity is being monitored by … basically everyone who’s interested in seeing what you’re doing.
Which is why we strongly recommend you use a vpn service that hides your online activity. With one click you anonymise your digital fingerprint away from prying eyes – it also allows you to watch Netflix from other countries and stuff like that.
We personally use NordVPN and they have an amazing offer for our community right now.
If you go to alux.com/vpn you can get 2 years worth of VPN service for only 89 bucks. That’s a 68% discount which is a shame because they were 1% from having the perfect discount number, but hey.. We love their product and if you use the promo code ALUX on check-out they’ll continue supporting the channel, so that’s nice!
A car & art dealer
This is basically the person who figures out how to get whatever you need.
You want the latest Ferrari, he gets you on the list.
You want that last iPhone, Popeye’s friend chicken sandwich or the last pack of Szechuan sauce available anywhere? They make it happen.
The value here isn’t in the petty things that we joked about earlier, there’s actually a very good reason. You see, rare items increase in value when they’re together… just like apes.
Having a vintage Rolls-Royce collection increases the value of the collection beyond the sum of the individual cars.
If you have Basquiat’s last 5 big pieces, the 5 piece package is worth more than 5 really expensive paintings.
The inside man
The inside man is quite a controversial figure in many circles. This is the person that peeked around the corner and can let you know where things are headed.
These are people who specialize in their industry, they know when times are changing and have an educated guess to what is the most lucrative approach.
The inside man is the one who comes to the wealthy investors to tell them about bitcoin when the price is under $1000.
The inside man is the one who tells you that this new company called Uber is picking up some traction and brings you in on the deal.
You get the point.
This is fundamentally why we’ve always said:
Your net worth is directly correlated to your network!
The inside man can make you rich.
A right hand man
Last on our list is the right hand man… or woman for that matter.
This is the person who is capable of keeping up the fort if you’re temporary out of the game.
This is the person you rely on and who knows almost as much as you about what’s happening on the day to day.
The right hand man is a protege of the rich individual, it’s the person groomed to take over at some point. Sometimes it’s one of the children, other times it’s someone who’s been with the family/company since the beginning.
The right hand man has the skill set and knowledge to go out into the market and not only represent you but do business on your behalf.
If you want to be rich and successful in life, we strongly recommend you go through this list and figure out what pieces are missing for your puzzle. It won’t happen over night, but with time you should get to a complete formula.
Which brings us to today’s question: How many out of these 15 characters have you unlocked in your life? You know we’re going to be in the comments figuring out how far along the way you all are.