We hate to break it to you, but the only way to get rich without working is by working so hard that you get to a point where other people work hard on your behalf. We call that autopilot wealth creation.
You cannot escape hard work, but you can be smart about it. And the smarter you are, the faster you get there.
Here are 10 ways to autopilot wealth creation:
Don’t worry if you don’t feel like reading, you can enjoy the video below or watch it on YouTube:
1
Set the default to hard work – no days off until you can afford to
The biggest difference between those who make it and those who don’t lies in their default settings.
Some people think 40 hours per week is enough to get them the lifestyle they want.
They’re almost always wrong.
The thing is, it seems like a lot of work until you make it your norm, your default, and then it’s just another 12 hours.
Autopilot wealth creation doesn’t mean you don’t do any work at all. It means the path you’re on is predetermined, and you won’t stop until you hit your destination!
2
Automate investment out of earnings
Here’s how to think about it: Your future gets paid first!
This means every time you get a paycheck, 30% of it goes automatically towards investments.
This can be arranged with your bank.
Trust us – and some of you guys can confirm – somehow the brain works in mysterious ways: if you have 1000 dollars to get you to the end of the month, that’s enough.
If you have only $500, that’s enough as well.
You will figure it out, no matter what. If you’re lower or middle class in the US, your 401 or Roth IRA are probably your best bets.
Outside of that, it’s probably stocks that are the best choice to autopilot your wealth creation. Speaking of stock investment:
3
Self-compounding S&P500
Personally, we own the Vanguard S&P500 index (VOO).
We no longer pick stocks manually unless we want to have fun.
The bulk of our automated investments are in the S&P500.
We don’t touch it. It self-compounds.
Compound interest is still the most underrated way of getting rich.
This is how you end generational poverty with only 10,000 dollars.
If the day your child is born you buy $10,000 worth of S&P500 and just leave it there to self-compound, by the time your children are of retirement age, that fund will grow to over 1 million dollars.
Do that for all your children and grandchildren.
No matter how much you’re struggling, if you work hard, you’ll get to $10,000.
Put it on the market and simply forget you ever had it. 65 years later, they’re taken care of. That’s what we call autopilot wealth creation.
4
Continue creating Forever Green IP
Another smart way to grow your wealth on Autopilot is by stacking licenses, trademarks, patents, or royalties.
Start protecting some intellectual property, and then license it out.
Every time someone uses your brainchild, you’ll get some money in your account.
The beauty of this is that almost no ideas are too ridiculous to factor in.
In 1997, someone dreamed up the idea of a pirate made of rubber and made a comic book out of it. Two years later, it became a cartoon. 25 years later, it became a TV show on Netflix.
At every stage of the way, the creator is getting perpetually paid.
By the way, One Piece has 1075 episodes out so far, and they’re not stopping.
5
Reinvesting profits
Be it a business or investing in art, the name of the game is how big the value of your portfolio can get until it’s time to liquidate it.
You all know rich people love art, not because they get it, but because it makes them even richer.
Billionaires aren’t rushing to sell their Picassos…
They’ve gained value every year when traditional investments struggle to weather the storm year-to-year. This is why 95% of billionaires allocate at least 5% of their portfolios to fine art.
And why so many of Alux’s subscribers are joining our sponsors at Masterworks. Masterworks is giving you the chance to add a potentially risk-reducing element to your portfolio.
Moreover, to maximize growth potential, their team has used decades’ worth of data and experience to do the dirty work for you and delivered positive returns on 16 straight exits.
In fact, they’ve paid out over $45 million in returns to investors who didn’t need art expertise or art world contacts…
Over 800,000 people have joined so far and offerings have sold out within hours.
But since so many Alux subscribers are on board, you can still skip the line and get started today using this link.
6
Hiring a CEO
You built a company, but that doesn’t necessarily mean you should run it.
There’s actually a better position to set for yourself as a Chairman, or on the board.
This allows you to hire and fire the CEO of your own company.
The truth is, some of you are great at starting companies but lack the necessary skill set to build an HR department, scale to multiple locations, and be stuck in meeting after meeting.
That’s when you either sell the company at the level it’s at or bring in a CEO. Even more so, having a CEO report to you still keeps you engaged with the business, but it takes all the stress away – that is if they’re doing a decent enough job.
That’s what we mean by autopilot wealth creation: just get your dividends and live your life. Even better, use those dividends and secure the future even more by:
7
Every year, acquire a cash-flowing property
Here’s the only secret to wealth there is:
You don’t get to spend the money you earn!
You use it to buy things that make you money, and you spend that money!
If you have a business that’s making you money, use that money to buy yourself some rental properties.
Buy them cash, NO DEBT. Really!
That way, the money you earn is secured, and every month the property will pay you a little bit of money that pays for groceries and utilities.
Try to buy at least one property every year. Pretty soon, you’ll have 3-4-5 of them, and all of a sudden they start paying for your holidays and your children’s education.
You keep at it for a medium period of time, and you’ll hit a critical amount, where every year your rental properties pay for another property. This usually happens around 10 or 12.
The rental income is high enough to buy you even more rental properties. This is a spinning wheel of wealth where, at any point, you can retire and live off of it.
Getting to 10 properties means your wealth goes up every year on autopilot.
8
Invest in a REIT
If you think buying properties yourself is demanding – although we do recommend a property manager to deal with most of the headaches – there’s the option of investing in a real estate investment trust.
Investors bundle money together; the fund buys buildings, and the rental income from the entire thing gets distributed to investors.
This way, you don’t have to worry about dealing with tenants or collecting rent. Thus, autopiloting your wealth creation endeavors.
REIT vs Stocks: Historical Data
REITS are a viable alternative with similar earnings as the stock market, making them one of the safest autopilot investments.
9
Hire a wealth manager
A wealth manager is someone who grows the money on your behalf.
$250,000 seems to be the minimum that a wealth manager would accept as a client.
The average person waits until they have 2-5 million dollars in investable earnings before they approach a wealth manager.
These are funds, institutions, or, in some cases, small family offices that charge around a 1% fee for managing your funds on your behalf.
So all you have to do is get to 5 million and trust them enough to take care of your future on your behalf.
10
Automate your learning
You will be just as rich as your mind, so you have to keep yourself sharp.
You can’t stop learning, so you have to make an automatic habit of learning.
Wake up, make your coffee, and while you drink it, get smarter.
Listening to an audiobook, listening to a podcast, reading a couple of pages, or using a special tool specifically designed to increase focus and expand your mind
It’s like taking yourself to wealth therapy. The only tool specifically designed to do this is – shameless plug – the Alux app.
We pay high-end executive coaches on your behalf and have them teach you the same actionable lessons their million-dollar-per-year clients get for a fraction of the cost.
The app is available here and we’re on a mission to make 1,000 millionaires.
The most recent man to join the list is Paul Nelson, a 47-year-old mechanical engineer from Green Bay, WI, USA, who just made his first million.
Every time one of our users crosses 1 million dollars, they send us an email, and we add their name to a list.
The app works. Other people are making progress while you’re on the sidelines debating it. 1 year of using the app daily, and your life will look radically better.
Normally, we’d do a list of 15 things, right? And we tried doing it here, and it didn’t feel right. Anyone who sells you wealth independent of work is hustling you.
They’re getting rich off of your hard-earned money, so there’s no such thing as “made-for-you systems” that will get you rich.
If you had a way to turn 1 dollar into 2 dollars, you’d run the machine over and over again until it no longer spewed new dollars.
People will always try to sell you the dream—Amazon FBAs, private investing group memberships—and now they’re selling YouTube channels. It’s all bullsh*t.
The only thing of true value is deep education that allows you to make progress yourself.
Everything we mentioned on this list requires you to become someone who is worthy of wealth and can, at any point, monetize their own skills.
Wealth on autopilot implies you have already acquired so much wealth that the residual interest on your wealth is greater than what you spend.
- You get rich by taking a lot of risk with a little bit of money!
- You stay rich by taking very little risk with a lot of money!
The goal is to get to the stay-rich part.
And since you’re still reading, we saved you a bonus.
Bonus
There is no magic end or magic formula.
No, the phone will not ring one day, and someone else will say you’ve made it.
There is no end in sight because nobody else is keeping track of your race.
It will never be automatic. It will never be easy. Nothing of value is easy or comes easily.
You’re in this race for real, and the only way to escape it is to stop running.
In fact, you will never have enough, but if you keep running, you will have more than you currently do. You will be able to help more people, and you will find purpose in your work.
Moreover, once you accept that hard work is inevitable, at least you can refocus your efforts to make the most of the experience. We hope you will be wise enough one day to realize this.
This is how you autopilot your wealth creation. Once you get the hang of it, the compounding effect with start kicking in and you’ll be well on your way to the life you dream of. See you next time!
