15 Invisible Assets to Your Personal Economics

hey there alexir have you ever found that some people around you make great financial decisions and they seem to do it effortlessly it's like they've got some kind of Magic Touch or formula well you know they probably do and you have it too you just might not have recognized and developed it yet your decisions and behavior directly affect your personal economic health but what influences your decisions well your good financial decisions are influenced by your invisible assets you can't hold these assets they're not tangible you can't see or feel them and you can't put a

price on them there are the underlying influences that lead to you acquiring these tangible assets you're after you've inherited these assets from your biology society and your experience so now you need to optimize that inheritance and the first step to managing them is recognizing them okay and a little note here about the bonus right at the end it can't be Quantified in a monetary value but it fuels all of the other assets and to fully understand its power we have to first go through all of the invisible assets that have a more direct line to

your personal economic profits so now let's get into these 15 invisible assets to your personal economics starting off at number one above average Returns on your investments in your relationships good valuable relationships don't pop up at a thin air okay before you see any kind of return in a relationship you have to make an investment into it this investment is your effort time and empathy and you have to give this investment consistently over a long period of time like investing in a business you have to make sure that the person you're doing all of this

for is someone of high quality someone with a good reputation and a plan for the future and while a mutually beneficial relationship is great you can't go tit fortat okay expecting a favor or help in payment from them for something that you've done good genuine people will support and help you whenever they can but if you only have people or help people in your life just to call in favor us one day they're going to know you're not genuine and they'll eventually drift away from you if you've invested strategically and consistently you will see returns

from your relationships these these are the kinds of people who will help you clean and paint your new business space saving you money on labor they'll offer to pick up supplies saving you money on gas they'll loan you cash if you're feeling some Financial stress if they trust you and your work ethic they'll open up doors for you that may have stayed closed forever otherwise but it'll only be beneficial if you choose a highquality person to invest in and if you're a highquality person who invests in them without expecting in immediate return they'll do the

same for you number two your management of your intellectual capital a formal education is great in fact according to a report from Georgetown University people with Advanced degrees earn an average of $2.7 million over their lifetimes compared to 1.5 million for those with only a high school diploma but you've got valuable intellectual Capital even if you don't have a degree and if you're an employee then someone else is profiting off that Capital your intellectual capital is your unique knowledge expertise and ideas these are the tools you use to think of ways to make something work

better they're the tools that help you to see opportunities and these tools help you to add value to someone's life through something you make or do for them these tools are there for you whether you own a business and are constantly leaning on them or if you do things amongst your friends family and colleagues your intellectual capital is one of the most valuable things you possess number three your why in why you want to be successful so beneath all of your goals there's a reason right and that reason is often stronger and deeper than you

think you have to look beneath the surface for it though reaching your personal finance goals your health goals both mental and physical your relationship and personal growth goals all of these take an incredible amount of work you're also going to face obstacles and challenges that will set you back on the work you've done if you're why isn't strong enough or you aren't aware of your true motivation well it's going to be easier for you to throw in the towel when things get hard your why is going to keep you committed and resilient motivation that's rooted

in a deep personal reason is far more sustainable than superficial stuff and it can Inspire and influence other people too when others see your passion and dedication they're more likely to support follow or collaborate with you think about your goals and keep asking yourself why you want to reach them keep asking until you get a reason that surprises you maybe one that even makes you a little bit sad that's the one that's what's driving you and now it's time for you to control it number four your access to op optimizing your health your time is

your money and the longer you're in the game well the better the chances of winning and investing in your health alixir it buys you more time through Health apps on your phone your Smartwatch and devices like the aura ring you now have access to quantitative Health Data that you can use to develop qualitative steps that give you more energy which leads to you making better decisions gives you better sleep which can lead to better performance at work and reduces your stress levels which of course allows you to focus on your priorities when you optimize and

work on your health you have the energy to choose good investment opportunities the ability to perform well at work that leads to Promotions and better pay and a calm mind that stops you from making impulsive statements or Hasty sales number five your ability to defend your peace of mind a clear Peace of Mind allows you to to concentrate on your projects properly make decisions more effectively and work efficiently without being bogged down by stress or distractions it also leads to emotional stability and thoughtful rational decisions and with all of these things in Your Arsenal you're

able to become a more emotionally stable productive and well-rounded person but you know we often hear about how important it is to protect your peace of mind that's step one where you take action to defend yourself against potential threats it's a step you take before something happens and there are tools and programs you can use that will be this protection for you the sponsor of today's video nordvpn is one of those tools they protect your financial security and personal data by encrypting your internet connection that Shields you from hackers identity thieves and even your internet

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stressful situations and nurture it by always working on it or even when nothing is directly threatening it use tools to protect healthy coping mechanisms to manage and consistently working on these mechanisms to nurture it number six your increasing right to vote with your time the world is changing in a way that's giving you more right to vote with your time the question is are you using it wisely with your right to vote how you spend your time you could choose to use it to improve your financial literacy to have hobbies and interests that keep you

entertained without needing to spend a lot of money and to upskill yourself to have access to higher paying job opportunities society and culture now places more value on work life balance personal development and seeing our time as a vital part of our personal autonomy and when society's beliefs and values around something changes will innovators create tools to help us realize those new values and those things buy you more time so where are you going to spend that time you better spend it wisely number seven your indepth reports on your stages of struggle now your stages

of struggle are about any kind of hardship challenge or obstacle that you faced in your life most of us automatically go into analysis mode when we're faced with an obstacle it's part of our biological survival toolkit the problem becomes your soulle focus and you're able to shut out the noise and things that don't matter the problem becomes your soul focus and you're able to shut out the noise of things that don't matter you develop a solution and you implement it sometimes it works quickly and sometimes it takes years if you grew up in poverty then

you might have realized the only way out is through a good education which you need scholarships for which you need to work hard for so you put your head down or you realized that a formal education wasn't for you so you looked at other routes for escape that matched your strengths your mind develops an in-depth report on that struggle analyzing every decision mistake and successful moment you become resilient the path to wealth is paved with obst stacles you're not going to make it if you are not resilient number eight your ability to be honest with

yourself you know as humans we've got a pretty impressive ability to be brutally honest with ourselves we are incredibly hard on ourselves when we mess up which shows us that we're using this innate honesty quite poorly we often use it to criticize and doubt ourselves and our abilities when we should be using it to plan how to realistically reach our goals when we sit down and plan our goals we have these Big Dreams and ultimate achievements we tend to have an overly optimistic idea of how much work sacrifice and sound decisions we are actually able

to make take planning out a budget for example you start off with your income and expenses and you plan out how you're going to allocate your money you try to be as honest as possible about how much you do spend on certain things but then you get to the middle of the month then you see you are not on target at all you are not honest enough if that brutal honesty was directed towards your behavior when you were planning that budget well you would have shocked yourself into sticking with it number nine the freedom to

choose the people who influence you we know that who you're influenced by influences your actions but your invisible asset isn't the people who influence you it is the fact that you have the freedom to choose them especially in today's Digital World sometimes their influence is obvious right but a lot of the time it can be more subtle it's a mind trick that you aren't even aware of happening so you have to allow the right people in and not Bank on the idea that you can allow anyone in and just filter out their thoughts and actions

you don't agree with afterward psychology tells us that's not really very possible we're too socially and biolog locally connected to people to pick and choose how much they influence us once we've allowed them into our Circle your algorithm has to be methodical intentional and most importantly aligned with your goals number 10 the capacity to overcome creative uncertainty listen okay we are all innately creative just because you didn't win the painting competition in third grade or weren't the person who thought about Uber or you didn't make culture altering ad campaigns it doesn't mean that you're not

incredibly creative creativity is the ability to generate valuable ideas and solutions the more new and original the idea is the more valuable it is but just you thinking about an idea even if it's been done a thousand times before that's still creativity that is your mind analyzing a situation seeing different paths to take that will help or fix it and then just deciding on which path is best it can all happen within a few seconds we often think that creativity should stay out of your personal economics because it's unpredictable and risky financial goals need discipline

and structure which seems like the opposite of creativity and these goals can only be achieved through tried andrue methods like saving investing and budgeting not through creative approaches but that's not really true your creativity is an incredible asset to your personal economics when you lean into it it can lead you to think of different even fun ways of spending your time entertaining people generating income and investing your money sacrificing and saving is hard enough but leaning into creativity can help you to find ways to make it a lot more interesting number 11 the ability to

think about multiple Concepts simultaneously now for some of you this one will be really obvious you might be thinking duh of course I can think about multiple things at the same time how does this help my personal economics though and then some of you might be thinking uh actually I kind of struggle to multitask and multi thinkink I don't know if I have this invisible asset but trust us okay you do most animals can only focus on a single task and their behavior is totally instinctual but humans can hold abstract Concepts in our minds we

can think about things that have not happened at all all we can be realistic in our imaginations or we can be totally absurd and we can do it all within a few seconds we can try it out right now let's all go to space okay let's imagine that right now we're with those two astronauts currently stuck in space because of an issue with the Boeing Starliner spacecraft they went up on they were supposed to go for only 8 days and they've already been stuck there for more than 2 months and they might not be able

to get home until February 20 25 and we're all right there with them okay now let's come back to reality you're at home watching me in my recording studio even that you imagined and you don't even know what I look like that ability underpins human intelligence and strategic thinking that helps you to weigh out different options about your work money and personal finance without ever feeling overwhelmed it allows you to create some kind of context or understanding of how your choices might work out even though you cannot predict the future it allows you to see

how changes in one area like the Federal Reserve Bank increasing interest rates or you spending a big portion of your savings to pay off credit card debt can affect changes in other areas like a decrease in bond prices leading to them dropping in value leading to a potential loss or for your personal finances eliminating the highin debt that would have accumulated with which frees up more cash flow in the future but also your current depleted savings leaves you more vulnerable to unexpected expenses as a human you can weigh all of these Concepts at the same

time and that's a major asset number 12 understanding curiosity as an evolutionary Advantage so many people struggle to thrive in the traditional education system it's just not a good system for everyone when you find learning something too difficult of course you're going to think that you hate it but you probably don't hate it you just hate the way you're being taught you see humans are naturally curious curiosity is totally innate and it's within you it's in your nature to want to learn more and to know more it's what brought humans to where we are today

so if curiosity is a fundamental part of being human and you want to learn more why are you struggling to dedicate yourself to learning about things that you know will help your personal economics and well-being it must just be the way that you're learning you need to find a method of learning that suits your unique Brain Trust that your mind wants to take you further you just need to find a method that works for you number 13 past experiences that help you to develop good judgment now earlier we spoke about how your mind builds a

report of your most impactful past experiences and you then use that report to build resilience and learn from your mistakes so these experiences also give you good judgment not just about situations but people too but the thing is the warning signals for this judgment are very subtle it can be hard for you to pinpoint or explain what you don't like about someone which makes it easy for you to dismiss that feeling nine times out a 10 though at some point you'll hear a story that explains your initial feeling ings paranoia and concern about someone doesn't

develop out of thin air it develops because your brain is picking up on micro facial expressions language tone of voice behavior of this person in front of you and you're connecting these attributes to a person you knew before those warning signs well they can save you from people and situations that might ruin your mental health or totally overthrow your financial goals those warning signs can save you from crappy people and situations that might ruin your mental health or totally overthrow your financial goals it's the signal that goes off when a deal sounds too good to

be true when a client is sketchy about paying a deposit before you start working it's the friend who never pays you back but will always ask for more trust and examine your mind's warning signs no matter how subtle or ridiculous they might seem at the start number 14 being able to manipulate your personal brand perception your personal brand is the telling of your story and a good story gets people invested they want to know you help you and walk alongside you on your road to success when people perceive your personal brand well they're willing to

invest their time money and effort into your ideas expertise and vision this story is told through your attitude actions what you say and how you treat people so while you can manipulate it you have to do it fully and wholeheartedly you can't pretend to be a good person when your actions don't reflect that negative behavior either through what you do and how you treat people will affect the way that people see your personal brand a strong personal brand gets the message about you across to people who've never met you and who knows what doors they

could open for you you have the power to shape your image and your story especially in today's digital World Companies will go through your social media your LinkedIn and your previous posts to determine what kind of person you are and if you're not thinking about how your personal brand is being perceived well you're going to miss out on some great opportunities and number 15 the willingness to ask for help let's be honest here okay asking for help is not an easy thing for most people sometimes you just have to put your pride aside and it

feels like you're sending the message that you weren't good enough to do something on your own but look okay we can assure you the person you're asking for help only got to where they are now because they were willing to ask for help from someone else you can learn so much more from someone who's willing to share what they've learned and use that information alongside your own research than you just trying to figure things out on your own being willing to ask for help directly affects your ability to grow learn and solve problems you tap

into expertise and the experience and resources of others which can save you tons of time limit your mistakes and help you make better decisions this access to Collective Knowledge from mentors coaches a colleague your friend the alux app is just invaluable and since you stuck with us until the end alexer you're getting a bonus today's bonus asset is the content of your character now there's been a paradigm shift in the way Society views the concept of wealth it's not just about money anymore wealth is a means to an end and the end is wellbeing total

well-being in your mind and body the mega Rich you're already investing in it look at how much they spend on their personal health experiences influences look at how most of them talk about mindfulness and having a growth mindset your personal economics isn't just about working on making money it's about working on all of the things that are valuable to you it's your friends your family it's your experiences it's how you take care of yourself in your mind and in your body it's the good things that you do for people the genuine apologies you give and

receive it's being able to share your success with people you love and have them be happy for you it's about getting to the end and knowing that you matter to the people who mattered you did your best to be the best and when you made mistakes you owned up to to them at the end of everything alux sir if you can look back on your life and say I was a good person I loved deeply and I was loved in return then my friend you have won