15 Things NOT TO DO If You Get Rich All of a Sudden

You know, everyone thinks they're not going to blow it up if they suddenly get rich, but 80% of lottery winners regret not being more careful with the money in the first year. So let's make sure you don't screw this up, ok? If you do anything from this list, you'll turn a windfall into a living hell. And the worst part is you'll blame the money, not the mistake. Go through this list and get ready because you ended up on this video for a reason. Here are 15 things NOT to do if you get rich all of a sudden. Welcome to Alux, the place where future billionaires come to get inspired. Number 1. Don't shout it from the rooftops and post on socials that you're rich now. Resist the urge to tell anyone. Wealth is built in private and lost in public, so shut up. We guarantee that for every item on this list, there's someone in the comments who has had first-hand experience. The fastest way to turn money into a problem is to turn it into a headline. The more people know, the more people will ask for money or come and try to take it from you. Distant relatives will come out of the woodwork, strangers will find you, beggars will beg and people will lay the most horrible things in the world at your feet asking for a contribution. Money makes you a target by default. Going public with it means everyone knows what the target is. And before you do anything, there is one mistake that destroys people even faster than anything else. And that one's coming up at number 4. In the meantime… Number 2. Don't postpone taxes and paperwork about the money. Don't try to outsmart taxes with TikTok advice. The IRS is undefeated. Don't wait to pay Uncle Sam. Here's an important life rule, the more you wait, the more they take. If you get this wrong, they'll force you to sell what you just bought at half price and give them their money. So give them their share and pretend your winnings are what's left afterward. Just be done with it. Don't get fancy about whatever money fell on your lap. Secure whatever is left of the bag and then sit on it. Number 3. Don't tell your boss to F themselves and quit on day 1. Look, we get that fantasy that's been living rent-free in your head for years now, but quitting impulsively is not freedom. It's simply removing your safety net. The smartest move after getting rich is not quitting. It's transitioning like a professional. Okay, wait a little bit. Once that cash flow from the investments you made starts coming in, then re-evaluate your situation. You wanna hear something you won't believe for a second but is totally true? Yes, you do need a break. But on some deep level, you actually like doing something productive, don't you? We made a video about things to do if you do get rich all of a sudden. And that link is in the description. Number 4. Don't give the spouse a reason for divorce. Don't bang the work colleague. Don't screw the waitress. It'll get complicated. Fast. Divorce lawyers are experts at extracting as much money out of whatever you and your spouse have to split as possible. You'll lose your family and you'll lose the money. Number 5. Don't upgrade anything before you upgrade your mind. Because your brain will lose it all. You will go broke not because you have a money problem, but because you have a self-control problem. You'll make dumb decisions that spiral out of control and before you know it, you'll be begging for your old job back. Now with a reputation tarnished and relationships broken. When the money hits, you're like an addict in Pablo's warehouse or something, you were fortunate enough to be in this position of privilege. So don't take money advice from people who have less money than you. The life hack here is to find people who have earned what you've gotten by being lucky and then ask them how not to screw it up. Surprisingly, they'll point you in the right direction and it'll be a boring answer. It won't be to start a business, to go all in on Nvidia or some crypto coin. This is why the smartest rich people stop taking random advice and start copying boring winners. In the Alux app, we run the largest network of high net worth individuals and once you hit your I have enough number, everybody's playing it safe. If you want to see what people who are worth 10, 50, 100 million dollars learn and talk about, go to alux.com slash app right now and download it for free. And to set yourself up well for the year ahead, until January 7th, we've got a special new year offer. Instead of paying monthly or yearly subscriptions, we're offering you 50% off a lifetime membership to the Alux app. Instead of paying $9.99, you'll get unlimited lifetime access to over 2000 premium coaching sessions plus access to every new addition and upgrade coming in the future. And that membership cost is tax deductible, making the ROI positive on day 1. So scan that QR code for 50% off your lifetime membership. Let's say the quiet part loudly. Money does not protect you from addiction. It actually funds it. When you're the one paying, you'll end up surrounded by enablers. You'll get a new set of friends. You'll call them your fun friends. They fall in love with the version of you that is easiest to exploit. You can't build a life with a foggy mind. You can only spend one. You got lucky once, but this path? It doesn't lead back to your old life. It leads somewhere a whole lot worse. Don't buy the dream house in a rich neighborhood and a whole car collection. You don't want to be house poor and rich on just paper, right? Here's something poor people don't know, but the rich do. Just because you have money for it doesn't mean you can afford it. Acting rich comes with an incredible price tag. If the property taxes alone are more than you earned the year before the win, you are not ready to make that move. There are so many hidden costs that are just waiting to wreck you. Security, landscaping, repairs, local contributions, school fees, just to name a few. Don't confuse the test drive with ownership the way that you shouldn't confuse tourism with immigration. Rent it out until you know what you're getting yourself into. Don't get into legal trouble thinking that money is a get-out-of-jail-free card. If you made it this far, you're already ahead of most people. With the money in your account, you get a different oomph in your step. You think that laws are for poor people because that's what you thought when you were poor. So you start cutting corners, start drinking when you shouldn't, start running some red lights and you get a wake-up call. The unpleasant kind. Although money might buy better lawyers, it does not turn back time. When you have the money, the world is just waiting for an excuse to tear you down. So don't give them one. Don't confuse guilt with generosity. You are not the family's ATM now. It sounds good in theory, but they were fine before you had the money. The more you help, the more problems will appear. Not because life got harder, but because you became a solution. Problems that they would've figured out on their own get solved with your cash. Generosity without limits is just another form of self-harm. Even if they say it's a loan, they'll make you out to be the bad guy for wanting it back. The golden rule here is that you can give them milk, don't give them the cow. Do the dumb thing that makes people rich, buy some properties that already have tenants. Once the rent checks start coming in, then be as generous as you want with the proceeds. You want to make the money last, so you need to learn how to do it right. You know why poor people think rich people never have enough? It's because it's true, your wealth is shrinking every day. So every day you have to figure out ways to grow it and stay ahead. The moment you stop paying attention, it all starts to dwindle. I'm sure you're special and it won't happen to you, but best believe it happened to people much smarter and far richer than you are right now, so it might be wise to play it safe. You're not racing against anybody else. Screw the haters, you don't have anything to prove to anyone. But you are racing against your old life. You're racing against poverty. You've got this incredible opportunity now to change the trajectory of your family. So never assume it won't go away or be taken from you unless you become bulletproof yourself. They can't take away what you know and what you're able to do. If you go to alux.com slash nwd, we built a free tool that tells you how much you're gonna be worth on the day you die. There's no catch to it and we don't ask for your email or anything like that, it's just something valuable that we built for our community. So see how much you'll be worth the day you die by going to alux.com slash nwd right now. Look, you're not on a streak, okay? You just exhausted all of the remaining luck you had for the rest of your life. You're not gonna double, triple, 10 or 100 exit. You have enough. This is not about quitting while you're ahead as much as it is, you'll never be this ahead ever again if you don't take this seriously. Most people start gambling because they hope the money will make them happy. You now have money and still feel the need for more. You now think more money will definitely make me happy, but you have a lot more than when you started, so the evidence doesn't really add up here. Take your W, walk away and live long enough to tell the story. What starts as kindness, ends up being one of the most painful mistakes of all, because there is no way to come ahead of it. You do it once because you can and before you know it, emergencies become recurrent. If you say no, they become resentful. If you say yes, you're feeding the chaos. The byproduct of support is that now chaos has a sponsor. As harsh as it might sound, you do not have to help. Every individual is responsible for their own well-being and if you do help, help privately under very clear limitations. Look, you're not 20 anymore, that door is closed. The attempt will cost you dearly and the outcome will not match your expectations. You'll justify ruining your life by saying I deserve it. At least you're enjoying life, is what people will say while they watch you spiral. Since you can't buy back time, the smart play is to buy a better, more fulfilling tomorrow. So do that instead. Don't hire an entourage instead of a real team Your broke friend is not good with money. Your screw-up friend can't be trusted to make good life decisions. That's the catch. You don't need people to hype you up. You don't need yes-men. None of them are equipped to help you even make this last. Not to mention grow it. You need the boring people who do this for a living. Being surrounded is not the same as being supported. If they don't add value or peace, they shouldn't be around you. Even though they mean well and they won't steal your money, they just lack the expertise. You wanna hear a brutal truth? Most people don't want you. They want the version of life they can live while you're around. If someone disappears the moment you stop paying, that wasn't romance. That was a subscription. If you have to fund the relationship, you're just dating an invoice. So you don't need a partner, you need better filters. A lot of people seek attention to compensate for a lack of self-worth. And it takes a few rides until you realize there's a difference between being wanted and being valued. Remove the perks for just a few months and see what happens. If they get bored, angry or vanish, you have attention. If they get closer, you've got something real. So Aluxer, what's the fastest way you've seen someone blow a windfall? Comment with the number in the story. And since it's a Sunday video, of course you're getting a bonus. The bonus today is the best things you can buy with your new money. First of all, buy back your freedom by getting rid of your debt. Then buy back your time by getting some cash flowing assets so work becomes optional. Then buy peace of mind in a calm neighborhood. Nothing fancy or rich, but safe. Buy health, fitness and a good night's sleep. And make some memories with your family. Book a trip, go on an adventure, fill that bucket list and laugh your butts off. If you hit the jackpot, we are genuinely so very happy for you. But now, don't **** this up. We'll see you back here next time Aluxer. Until then, take care.