15 Invisible Assets to Your Personal Economics

Summary

This video script explores 15 'invisible assets' that influence personal economics, emphasizing the importance of relationships, intellectual capital, and health. It discusses the power of a strong 'why,' the ability to protect peace of mind, and the freedom to choose influences. The script also touches on the value of creativity, multi-concept thinking, and the importance of character in achieving holistic wealth and well-being.

Takeaways

• 💰 **Invisible Assets**: The script emphasizes the importance of recognizing and developing 'invisible assets' that influence personal economic decisions and behaviors.
• 🤝 **Relationship Investments**: Building valuable relationships requires consistent investment of time, effort, and empathy, which can yield significant returns in personal and professional life.
• 🧠 **Intellectual Capital**: Your unique knowledge, expertise, and ideas are valuable assets that can be leveraged to create opportunities and add value to others' lives.
• 🔍 **The Power of 'Why'**: Understanding the deep personal reasons behind your goals (your 'why') is crucial for maintaining motivation and resilience in the face of challenges.
• 🏃‍♂️ **Health as an Investment**: Optimizing health not only extends life but also enhances decision-making, work performance, and stress management, thereby influencing financial outcomes.
• 🛡️ **Defending Peace of Mind**: A clear and peaceful mind is essential for effective decision-making and emotional stability, which in turn impacts personal productivity and well-being.
• ⏰ **Voting with Time**: How you spend your time is a reflection of your priorities and can significantly impact your financial literacy, personal development, and career opportunities.
• 📊 **Struggle Reports**: Analyzing hardships and challenges faced in life helps in building resilience and learning from past experiences, which is vital for personal growth and success.
• 🤔 **Self-Honesty**: Being brutally honest with oneself about behaviors and capabilities is essential for setting realistic goals and making sound decisions.
• 🌐 **Influence Freedom**: The freedom to choose who influences you is a powerful tool, as it directly affects your actions and decisions.
• 🎨 **Creativity in Economics**: Creativity is an asset that can be applied to personal economics, offering innovative solutions and approaches to spending, saving, and investing.
• 🤹 **Multi-Conceptual Thinking**: The human ability to think about multiple concepts simultaneously is a strategic advantage that helps in weighing different options and making informed decisions.
• 🔎 **Curiosity as Evolutionary Advantage**: Harnessing natural curiosity can lead to better learning and understanding of personal economics, which is essential for growth and development.
• 🧐 **Judgment from Experience**: Past experiences provide subtle warning signs that can guide judgment in future situations, helping to avoid detrimental people and decisions.
• 📘 **Personal Brand Management**: The ability to shape and manipulate one's personal brand perception is crucial as it can attract support and investment from others.
• 🙏 **Asking for Help**: Being willing to ask for help is a sign of strength that can lead to faster learning, problem-solving, and access to collective knowledge and resources.
• 🏆 **Character Content**: The content of one's character, including values and actions, is a bonus asset that contributes to overall well-being and personal success beyond financial wealth.

Q & A

What are the 'invisible assets' mentioned in the script, and why are they important for personal economics?

The 'invisible assets' refer to the underlying influences that affect personal economic decisions and behaviors, such as relationships, intellectual capital, and personal motivations. They are important because they contribute to the acquisition of tangible assets and can significantly impact one's financial health without being directly quantifiable.

How does investing in relationships contribute to personal economics?

Investing in relationships involves putting in effort, time, and empathy consistently over time. High-quality relationships can yield returns in the form of support, opportunities, and resources, which can save money and open doors for further financial growth.

What is 'intellectual capital' and why is it valuable for personal economics?

Intellectual capital encompasses unique knowledge, expertise, and ideas that one possesses. It is valuable for personal economics because it can be used to identify opportunities, add value to others' lives, and create innovative solutions that can lead to financial success.

Why is understanding one's 'why' or motivation crucial for achieving personal goals?

Understanding one's 'why' provides a deep personal reason for pursuing goals, which is more sustainable than superficial motivations. It keeps individuals committed and resilient in the face of challenges, making it easier to stay on track and achieve long-term objectives.

How does optimizing health contribute to personal economics?

Optimizing health leads to increased energy, better decision-making, and reduced stress levels. This results in improved work performance, the ability to make sound financial decisions, and a longer, more productive life, which are all beneficial for personal economics.

What is the significance of defending one's peace of mind in personal economics?

Defending peace of mind allows for better concentration, effective decision-making, and emotional stability. It is crucial for personal economics as it enables individuals to work efficiently, avoid impulsive actions, and maintain a clear focus on their financial priorities.

Why is the ability to vote with one's time an important aspect of personal economics?

The ability to vote with one's time refers to the conscious decision on how to spend time effectively. It is important for personal economics because it influences financial literacy, skill development, and the pursuit of higher-paying job opportunities, ultimately affecting one's financial well-being.

How do in-depth reports on stages of struggle contribute to personal resilience and financial success?

In-depth reports on stages of struggle involve analyzing hardships, challenges, and obstacles faced. These reports help build resilience by learning from past experiences and mistakes, preparing individuals to overcome future obstacles and succeed financially.

What role does honesty with oneself play in setting and achieving personal financial goals?

Honesty with oneself is crucial for setting realistic goals and acknowledging one's behavior and capabilities. It helps in planning and sticking to budgets, making sound financial decisions, and avoiding self-deception that could lead to financial missteps.

Why is the freedom to choose who influences you an important invisible asset in personal economics?

The freedom to choose who influences you is important because it allows individuals to surround themselves with positive and supportive people who can inspire and motivate them towards their financial goals. It helps in filtering out negative influences that could hinder progress.

How does creativity contribute to personal economics, and why is it considered an asset?

Creativity contributes to personal economics by enabling individuals to generate new and valuable ideas and solutions. It can lead to innovative approaches to spending, investing, and saving money, making the process more interesting and potentially more effective.

What is the significance of the ability to think about multiple concepts simultaneously in personal economics?

The ability to think about multiple concepts simultaneously allows individuals to weigh different options and understand the interconnectedness of various financial decisions. It helps in making informed choices that consider the broader impact on personal economics.

Why is curiosity considered an evolutionary advantage and how does it relate to personal economics?

Curiosity is an evolutionary advantage because it drives humans to learn and explore. In terms of personal economics, nurturing curiosity can lead to a better understanding of financial concepts and strategies, enhancing one's ability to manage money effectively.

How do past experiences contribute to the development of good judgment in personal economics?

Past experiences, especially impactful ones, help build a report in one's mind that can be used to make better judgments in the future. This includes understanding warning signs about people and situations that could negatively impact financial goals.

What is the role of personal branding in personal economics and why is it important to manipulate it positively?

Personal branding is the narrative of one's story, which can attract investment and support. In personal economics, a strong personal brand can open doors to opportunities and resources. It is important to manipulate it positively to ensure that it accurately reflects one's values and abilities.

Why is the willingness to ask for help considered an important invisible asset in personal economics?

The willingness to ask for help is an important invisible asset because it allows individuals to learn from the experiences and expertise of others. It can save time, reduce mistakes, and lead to better decision-making in managing personal finances.

What is the significance of character content as a bonus asset in personal economics?

The content of one's character is a bonus asset because it reflects the values and principles that guide personal behavior. In personal economics, it contributes to overall well-being by influencing how individuals interact with others and make decisions that affect their financial and emotional health.

Outlines

00:00

💰 Uncovering Your Invisible Financial Assets

The paragraph discusses the concept of 'invisible assets' that influence one's financial decisions and personal economic health. These assets are not tangible but are inherited from biology, society, and personal experiences. The first step in managing these assets is recognizing them. The script emphasizes the importance of valuing relationships as investments that yield returns over time, and the necessity of investing in high-quality individuals who can reciprocate support. It also highlights the significance of intellectual capital, which is one's unique knowledge and ideas, and how it can be leveraged for personal gain, regardless of formal education.

05:03

🏃‍♂️ The Power of 'Why' and Health in Personal Economics

This section delves into the motivational aspect of personal finance, emphasizing the importance of understanding one's 'why' for pursuing success. It suggests that a deep, personal reason is more sustainable than superficial motivations. The paragraph also addresses the role of health in personal economics, stating that investing in one's health can lead to more energy, better decision-making, and improved performance at work, ultimately contributing to financial stability. The script introduces a sponsor, NordVPN, as a tool for protecting financial security and personal data, offering a special deal for viewers.

10:04

🧘‍♀️ Protecting Peace of Mind and Time Management

The paragraph focuses on the importance of mental peace and how it contributes to effective decision-making and productivity. It suggests taking proactive steps to defend against potential threats to mental peace, such as using VPN services for cybersecurity. Additionally, it touches on the concept of 'voting with your time,' urging viewers to spend their time wisely on activities that improve financial literacy, personal development, and work-life balance. The paragraph also discusses the societal shift towards valuing time as a vital part of personal autonomy.

15:05

📈 Overcoming Struggles and Honest Self-Assessment

This section explores the role of struggles in shaping an individual's resilience and ability to generate wealth. It suggests that analyzing past hardships can lead to better decision-making in the future. The paragraph also addresses the importance of self-honesty, particularly in setting and adhering to personal goals such as budgets. It encourages viewers to use their innate ability for self-criticism to plan realistically and to reach their goals more effectively.

20:06

🤝 Choosing Influences and Embracing Creativity

The paragraph discusses the freedom to choose the influences in one's life and the impact these influences have on actions and decisions. It advises being intentional about who to allow into one's circle and how to filter out negative influences. Additionally, it highlights the importance of creativity in personal economics, arguing that creative thinking can lead to innovative solutions and approaches to financial goals, making the process of saving and investing more interesting and engaging.

🤔 Multi-Concept Thinking and Curiosity as an Asset

This section emphasizes the human ability to think about multiple concepts simultaneously and how this ability contributes to strategic thinking and decision-making in personal finance. It also discusses the innate curiosity of humans and how it can be harnessed for learning and self-improvement, especially in the context of personal economics. The paragraph encourages finding a learning method that suits one's unique cognitive preferences to enhance understanding and application of financial knowledge.

🕵️‍♂️ Trusting Your Judgment and Shaping Personal Brand

The paragraph highlights the importance of trusting one's judgment, developed through past experiences, to navigate situations and people effectively. It also discusses the concept of personal branding and how it can influence others' perceptions and willingness to invest in one's ideas. The script advises being authentic when shaping one's personal brand, as actions and behavior reflect on how others perceive an individual's story and potential for success.

🙏 The Value of Asking for Help and Character as a Bonus Asset

This final section addresses the reluctance many people feel in asking for help and the benefits of overcoming this hesitation. It argues that being open to receiving help can accelerate learning and problem-solving. The paragraph concludes with a bonus asset: the content of one's character. It suggests that true wealth is not just financial but encompasses overall well-being, including mental and physical health, relationships, and personal experiences. The ultimate goal is to achieve a life of meaning and love, where one can look back with satisfaction on a life well-lived.

Keywords

💡Invisible Assets

Invisible assets refer to intangible qualities or resources that influence one's financial decisions and outcomes without being physically present or quantifiable in monetary terms. In the video, they are the underlying factors that contribute to personal economic success, such as relationships, intellectual capital, and health. The script emphasizes the importance of recognizing and optimizing these assets for personal growth and financial well-being.

💡Relationship Investment

Relationship investment is the concept of dedicating time, effort, and empathy into building and maintaining valuable personal relationships. The video script illustrates this as a key to receiving support, opening opportunities, and achieving mutual benefits. It is used as an analogy to financial investment, where consistent and strategic investment in high-quality relationships can yield significant returns over time.

💡Intellectual Capital

Intellectual capital encompasses an individual's knowledge, expertise, and ideas that contribute to their ability to innovate, solve problems, and add value to others. The script highlights that everyone possesses intellectual capital, which can be leveraged for personal economic gain, regardless of formal education levels. It is a crucial asset that employers and businesses often benefit from.

💡Personal Why

The term 'personal why' denotes the deep-seated motivations and reasons that drive an individual's pursuit of their goals. The video emphasizes the importance of understanding one's 'why' to maintain commitment and resilience in the face of challenges. It is the fundamental reason beneath all goals that, when identified, can inspire and influence others as well.

💡Health Optimization

Health optimization is the process of investing in one's physical and mental well-being to increase energy, improve decision-making, and reduce stress. The script suggests that by taking care of one's health, an individual can enhance their performance at work, make better financial decisions, and ultimately extend their 'time in the game', which is essential for long-term success.

💡Peace of Mind

Peace of mind is the state of being free from stress, anxiety, and distractions, allowing for clear thinking and effective decision-making. In the context of the video, maintaining peace of mind is essential for emotional stability and productivity. It is also linked to the use of tools like NordVPN to secure one's digital life, which indirectly contributes to mental tranquility.

💡Time Management

Time management is the efficient and purposeful allocation of time to tasks and activities that contribute to personal and professional growth. The video script discusses the societal shift towards valuing time as a vital part of personal autonomy and emphasizes the importance of using one's time wisely to improve financial literacy, pursue hobbies, and upskill for better job opportunities.

💡Struggle Analysis

Struggle analysis involves deeply examining hardships, challenges, or obstacles one has faced to build resilience and learn from past experiences. The script describes how analyzing struggles can lead to the development of solutions and the implementation of strategies to overcome them, which is crucial for personal growth and the pursuit of wealth.

💡Self-Honesty

Self-honesty is the ability to be truthful with oneself, especially when evaluating one's actions and capabilities. The video encourages using self-honesty constructively to plan and achieve goals rather than as a tool for self-criticism. It suggests that being honest about one's spending habits, for example, can lead to better financial management.

💡Influence Selection

Influence selection refers to the freedom and responsibility to choose the people and ideas that impact one's thoughts and actions. The script discusses the importance of being intentional about the influences in one's life, particularly in the digital age, where subtle influences can shape one's behavior without conscious awareness.

💡Creative Uncertainty

Creative uncertainty is the inherent unpredictability and risk involved in the creative process. The video argues against the misconception that creativity should be excluded from personal economics due to its seemingly chaotic nature. Instead, it posits that embracing creativity can lead to innovative solutions and approaches to saving, investing, and spending money.

💡Multi-Conceptual Thinking

Multi-conceptual thinking is the human ability to hold and process multiple abstract concepts simultaneously. The script highlights this as a key asset in personal economics, allowing individuals to weigh different options and understand the interconnectedness of financial decisions, such as the impact of interest rate changes on bond prices and personal savings.

💡Curiosity

Curiosity is described as an innate human trait that drives the desire to learn and explore. The video emphasizes the importance of nurturing curiosity as a means to enhance personal economics and well-being, suggesting that finding the right learning method can unlock one's potential for growth in understanding financial matters.

💡Judgment

Judgment, in this context, is the ability to make sound decisions based on past experiences and the subtle warning signs that the mind picks up from situations and people. The script illustrates how good judgment, developed through analyzing past experiences, can help avoid detrimental relationships and decisions that could negatively affect one's financial and mental health.

💡Personal Brand

A personal brand is the narrative that communicates an individual's story, values, and professional identity. The video explains that a strong personal brand can attract investment, support, and opportunities by influencing how others perceive the individual. It is shaped by one's actions, behavior, and digital presence, which can significantly impact career and business prospects.

💡Help-seeking

Help-seeking is the willingness to ask for assistance from others, which is portrayed in the video as a crucial skill for personal growth and problem-solving. It emphasizes that seeking help is not a sign of inadequacy but a strategic move that allows individuals to learn from the experiences and expertise of others, leading to better decision-making.

💡Character Content

The content of one's character refers to the moral and ethical qualities that define a person. The video concludes with the notion that true wealth is not solely about material success but also about the well-being and character one cultivates throughout life. It suggests that being a good person, loving deeply, and being loved in return are the ultimate measures of a successful life.

Highlights

The concept of 'invisible assets' that influence personal economic decisions, which are intangible and inherited from biology, society, and experience.

Investing in relationships requires effort, time, and empathy for long-term returns, emphasizing the importance of choosing high-quality individuals.

Intellectual capital, including unique knowledge and ideas, contributes to personal economic success even without formal education.

The 'why' behind success, suggesting that deep personal reasons are more sustainable motivators than superficial factors.

Health optimization extends one's time in the game, affecting energy levels, decision-making, and stress management.

Defending peace of mind is crucial for concentration, decision-making, and emotional stability in personal economics.

The right to vote with your time, emphasizing the importance of wisely spending time on financial literacy and personal development.

In-depth reports on stages of struggle build resilience and provide insights into overcoming obstacles for wealth accumulation.

The importance of being honest with oneself in planning and achieving goals, especially in budgeting and financial management.

Choosing who influences you is an invisible asset, highlighting the need for intentionality in selecting social circles.

Overcoming creative uncertainty allows for innovative solutions in personal economics, blending creativity with financial discipline.

The ability to think about multiple concepts simultaneously is an innate human advantage for strategic financial decision-making.

Curiosity as an evolutionary advantage, suggesting that finding the right learning method can enhance personal economic understanding.

Past experiences shape good judgment, which is vital for evaluating people and situations in personal finance.

Manipulating personal brand perception is key to getting others invested in your success and ideas.

The willingness to ask for help accelerates growth, learning, and problem-solving by tapping into collective knowledge.

The content of one's character as a bonus asset, emphasizing that true wealth includes well-being and personal integrity.

Transcripts

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

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once you've got that first step to

protect in place then you also need to

manage your peace of mind by finding

healthy coping mechanisms that work for

you in dealing with 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