15 Ways to Get Rich in the New Economy

people used to get rich because of oil and Big Industry you had to employ thousands of people to be one of the select few that service the population in order for you to become wealthy but now things have changed the way the economy Works has changed anyone can become rich if you know how and you're about to find out here are 15 ways to get rich in the new economy welcome to alux the place where future billionaires come to get inspired first up your voice and opinion is where the money is what we're about to tell you will change the way you look at life forever remember this okay information even the truth is a commodity there's nothing new to be said that doesn't mean there isn't a demand for valuable insights it's just that we don't want to be sifting through everything ourselves you know how there are so many bands that make love songs but there's only one that's your favorite that's how you win understanding this will make you rich the value today is in your unique perspective on the topic everyone can say it sure but it hits different when it comes from you nobody can be better at you than you that's what people like it's the same reason you subscribe to our Channel when everyone and everything else becomes standardized all the coffee shops look the same all the podcasts are the same all the food tastes the same you need something something specific if you become specific you'll be able to build an audience and once you do your fans will support you all the way to the bank and you don't need many fans to make a living and not have to work but you do need quite a few if you want to get rich we live in the age of creators you're either a consumer or a Creator okay 1,000 true fans are enough for you to do it fulltime 10,000 true fans are enough for you to live comfort ably 100,000 true fans are enough for you to become financially free a true fan is someone who wants you to win wants you to keep doing what you're doing and is willing to pay for the value they receive the economic value of an individual true fan is around $100 per year but that's not all you're getting from them no they build communities around you and these communities grow and evolve because of them true fans want to contribute to the creators because the creators contribute exponentially more to their lives when we win you win because we've been on this journey together since the beginning you get rich by creating value for your community and in exchange you receive a piece of that your reach determines how rich attention is the new oil attention allows you to put products in front of those eyeballs which is why a Super Bowl commercial costs so damn much if you want to be rich you need to consider two things one how many people your message can reach and two what kind of quality your audience is meaning How likely they are to buy from you and how rich those people are sauce companies like Adobe Google Salesforce slack MailChimp notion are some of the most successful ones because they charge businesses a ton of money to use their product you don't need a big reach you need the right reach if you're able to charge $3,000 a month you only need 278 clients to be a million dooll a year business the right audience is willing to pay so find them give it away for free and then convert them when they can afford it Gmail is free for you because they're charging businesses like ours $15 a month per user learn paid ad advertising so you don't need an organic reach the greatest thing about the internet is you can buy attention here's how you get rich with online advertising you have a product or service that you sell online and people are able to buy it from you with a credit card you create an ad and pay platforms like Facebook Google Apple Tik Tok to show it to the people on that platform and this is where math becomes useful in real life if you're able to spend $1 on ads in order to get $2 back you win in the early days you're probably going to spend $10 to get $1 back in sales and that's pretty depressing okay it's depressing as hell but you toy around with it remember when we talked about the Right audience well the more relevant the ad is to people the more likely they are to buy so that improves your return you create a couple more ads and one of them performs much much better than the rest so that improves your return once again you make your product better you get better in the process and now you know what you're doing being able to sell your product through different mediums is by far the most valuable skill of all that you should acquire in the modern economy invest in what you think will outlive you in the new economy Trends come and go at a much faster speed than ever in history the things that stick around will shoot up in value over time because of basic economic factors like increased demand inflation scarcity higher consumer appetite and the overall rise of the middle class for wealth to grow to extraordinary levels it requires time to compound as an ingredient so ask yourself will this be around 50 to 100 years from now will people still want it if yes buy it monetize it if you can and forget you had the money to buy it in the first place land homes raw materials art all stand the test of time as expensive as things are today no real asset will ever be cheaper than it is today if you're looking at it on a 50 to 100e time Horizon take for example there'll never be more Picasso paintings there will never be more rothos which is why rich people flock to it fine art changes hands so rarely so whenever a big piece comes on the market there's a Feeding Frenzy you've seen the auction videos the entire asset class is growing decade over decade this is why the ultra wealthy and over 60% of high-powered wealth managers have integrated art investing into their offerings firms like deoe project the market growing by 31% in the next 2 years alone research shows these kinds of portfolios outperform traditional ones 95% of the time so if you're looking to get rich in the new economy you need to learn to leverage the investment tools of our time instead of going to an auction and bidding millions of dollars on a painting you go online and use a platform like Masterworks to invest Masterworks has a team of art historians and financial analysts that have analyzed Decades of auction data to acquire art with the strongest history of appreciation so far they've acquired over 300 paintings from legendary artists like Picasso Monae and Banky their experts select and buy the paintings for millions of dollars and then break them up into shares like you would do with a traditional company investors buy these shares and once a painting is resold after a couple of years the profit is split between the shareholders every painting Masterworks has sold to date has delivered a positive return to their investors they've been pulling in net returns like 14. 6% 17. 8% 21.

5% and even more and that's why over 900,000 users have jumped on board if you go to Masterwork . / alux right now you can skip the wait list and start investing in art today almost 1 million people invest in art through Masterworks that's masterworks. io or simply click the link in the description great art has stood the test of time and it'll probably outlive all of us become an ambassador for a new technology every technology comes with its unique opportunities the biggest are one most people are not aware of it two most people don't know how to use it and three most people don't know how to make money with it and that's where you come in you either introduce the masses to how amazing it is you teach people how they can use it themselves or you monetize it before anyone else all three of them are viable opportunities to build wealth as the technology gains mainstream adoption you'll be regarded as an expert and experts get to to charge expert rates for their input and speaking of a market that's growing there's a specific terminology used in the tech space you become a barnacle on a whale your business is an add-on to another business that's growing exponentially and because of its growth you're growing as well as the whale gets bigger so do you you piggy back on its growth it's kind of what everyone tried to do around David DOI or Jake Paul but let's keep this ser ious here okay as Trends come along some businesses establish themselves personal websites went up that was the trend WordPress became the whale having the number one WordPress theme or plug-in recommended on their store was the Barnacle the whale brought you customers you just had to hang on for the ride same with Shopify and their apps and we're seeing it now with AI chat GPT is the whale and the Barnacles are the featured gpts as the whale grows more and more people will discover these add-ons allowing these developers to grow substantial businesses if the whale is a multi-billion Dollar business the Barnacle can easily be worth in the tens of millions you sell directly to Consumers unlike in the past where distribution played the most crucial role in the success of a business now you just don't need the middleman here's how it worked in the past let's say you were a chocolate maker and no okay this has nothing to do with Jimmy's Feasta bles so you're a chocolate maker and it costs you $2 to make a bar of chocolate including packaging and everything else you would sell that chocolate bar to Walmart for $2.

75 they would distribute it and sell it around the country for $5 this is how the old model worked for everything producers sold their profit for shelf space artists sold their souls to music labels and with our chocolate example the distributor ended up making more money than the creator of value but not anymore okay today you can go directly to the consumer this is how the youngest Kardashian made a billion dollars at 21 years old if you have the product and you're able to mass produce it all you need is enough buyers and you'll figure out a way to get it to them cheaply remember number three and four on this list your reach determines how rich and you need to learn paid advertising well that's where those come in instead of the distributor getting the bulk of your profit you can sell the chocolate bar yourself for the same $5 plus shipping and instead of. 70 cents you can get the full $3 of profit if you have the skill set to sell directly to Consumers at scale you're going to be five times richer than whoever needs the distributor to make it work you can sell your knowledge the new economy is one of curation one of handpicking and guiding people through the the Maze of Life you'd think this makes it a race to the bottom where the cheapest knowledge wins but that isn't reflected by reality people don't want cheap there are only two things better than cheap the first one is fast walking is cheaper than taking an Uber but the fact that Uber is worth over $60 billion kind of proves our point the second one is a risk there are plenty of cheap online universities yet people pay hundreds of thousands of dollars to go to IV League schools because it minimizes the financial risk of their careers at least it used to so your knowledge isn't a race to the bottom if through your knowledge you're able to save people time or minimize the risk of overcoming an obstacle people will pay for it assuming that they know you exist we made millions of dollars selling courses and this year we're considering launching a flagship course on digital products showing you exactly how we did it you can join the wait list by going to alux. com sdigital and we'll give you a discount code when that's ready to open Bitcoin be honest okay how many of you expected crypto to be on this list when you saw the title well it's true okay we still have all of our Bitcoin untouched in cold storage because fundamentally the mission hasn't changed we still believe this could be an insanely disruptive technology especially if it achieves critical scale adoption with black rock and Fel getting their Bitcoin ETFs approved finally mainstream individuals will take Bitcoin specifically more seriously the FTX collapse taught us a valuable lesson about the industry as a whole so personally we're done with alts you guys can have all the xes you want we'd rather play it smart this time Bitcoin acts like the S&P 500 of the crypto world and that's where we want to be if this works out the way some of the smartest people in the world think it will and keeping up with our thesis of of saving people time even if right now you've got no idea how Bitcoin Works go to alux.

com Bitcoin now in 1 and 1 half hours you'll get up to speed with everything you need to know from understanding how it works to knowing how to buy it and store it safely use the promo code Sunday for $100 off at checkout use it to buy yourself $100 worth of bitcoin just to see what that process is like sometimes you have to go against the grain to get those big wins and speaking of going against the grain you go aggressively counterculture every action is faced with an opposite reaction and we've been seeing this in business and in fashion for decades think about it baggy jeans skinny jeans baggy jeans again pick any industry you want and there'll be a demand for both culture and counterculture if you look at education for example most people would say the education system is going woke even in the stem disciplines the move is to launch a private stem school where children will only focus on math physics and programming you know the things you actually want them to learn without mentioning race religion or going into gender politics those will be addressed at home at school we learn math people would pay to protect their kids from all the nonsense going around these days as of 2023 approximately 2 million children are out of the traditional education system you hire Talent on the other side of the world and sell it locally it used to be that If you hired someone from the Philippines India from Eastern Europe or South America you'd get mediocre quality work that was 10 to 15 years ago okay times have radically changed countries that are Outsourcing Talent are no longer dirt cheap and poor quality the prices are still substantially lower since they went up locally but the quality matches the quality of the West understanding how Talent is priced differently around the world increases your profit margins this is how all of these agency businesses operate there's someone from the West selling you a package for $5,000 and then they Outsource the work to someone else for 1,500 and they pocket the difference but instead of doing just that kind of shady Arbitrage do something else okay use that talent to build something extremely valuable for everyone it now costs you a fraction of the cost it used to to build any sort of technological product that idea you had for an app for a product some piece of software that you know you couldn't afford to pay a software engineer to develop in the past well that might be in the realm of possibility for you now and once you build it the world is your Marketplace you sell it internationally there are rich people everywhere okay this means there are people looking needing and able to pay for your product or service everywhere in the world this is one of the greatest leverage plays in human history if you made earrings in the past you only sold them to the people who passed by your booth while you were displaying them well now those earrings can be sold to literally billions of people online 24/7 whatever it is you're doing figure out a way to go International if you want to be rich in the new economy you do it long enough to catch a break some people catch their break in year five or six but that break changes everything for you forever the greatest thing about the new economy is there are no longer any barriers to entry the worst thing about the new economy well it's the exact same thing okay everyone everywhere is taking a shot at it making it harder to stand out so you know how to stand out axer you keep going while they're quitting left and right turns out people are super excited to start something but just they don't stick with it long enough to see it flourish they don't really want it in the first place take podcasting for example 90% of podcasts don't get past episode 3 that's the 1.