You'll Wish You Found This Video Before Getting Rich

[00:00] I want you to imagine

[00:01] that you suddenly became rich overnight.

[00:03] Maybe one of your

[00:06] a side hustle you started took off,

[00:08] you got a large inheritance,

[00:10] or you won the lottery.

[00:11] Believe it or not, many

[00:13] in one of these scenarios,

[00:15] so this video was recommended

[00:18] I mean, let's take the

[00:21] winning the lottery.

[00:22] This channel's had over 1.5 billion views.

[00:25] Statistically, that's

[00:27] have already won the

[00:30] and the odds say

[00:31] at least a couple more

[00:33] will win in the future.

[00:34] So that's a good thing, right?

[00:36] Well, actually, when

[00:39] you're far more likely to

[00:41] have a greater risk of substance abuse,

[00:43] and finally, divorce.

[00:45] Most people who get rich fast

[00:47] have never actually built wealth before

[00:49] and have absolutely no idea

[00:52] So here are the seven

[00:54] when you suddenly get rich,

[00:56] from a millionaire businessman.

[00:58] (rousing music)

[01:01] I know it might be tempting

[01:02] to go screaming it from the rooftops

[01:04] and rubbing it in your enemy's faces,

[01:06] but the absolute best move is

[01:10] and telling no one.

[01:11] Privacy is really your main

[01:14] You want to be what is

[01:17] A guy called Jack Whittaker

[01:21] from the Powerball in 2002.

[01:24] At the time,

[01:25] it was the largest jackpot

[01:28] He was the opposite of stealth rich.

[01:30] He went around telling everyone

[01:32] and even became famous for

[01:35] that asked him for help.

[01:36] He gave away millions to the church

[01:38] and even bought his friends

[01:41] Now, you're probably thinking

[01:44] maybe a bit silly, but he had a good heart

[01:47] and good things come to kind people.

[01:50] Well, that couldn't be

[01:52] His wife divorced him,

[01:54] friends abandoned him,

[01:55] and his granddaughter,

[01:58] tragically died from an overdose.

[02:00] He later admitted that

[02:03] destroyed both his fortune and his family.

[02:05] So now you understand the

[02:09] how do you actually do it?

[02:10] Well, even if you keep

[02:12] some people will still suspect you.

[02:15] It's like those TikToks that say,

[02:16] "I won't tell anyone when I become rich,

[02:18] but there will be signs."

[02:20] This means you'll become far

[02:23] sued, blackmailed, or scammed.

[02:25] Once people know you have a bit of money,

[02:27] they descend like vultures.

[02:29] Trust me, I've experienced it.

[02:31] They say this is because

[02:33] However, over my years,

[02:35] I've realized that money

[02:37] who that person really is.

[02:39] The only person you should

[02:42] Make sure you get a good one

[02:45] and estate planning.

[02:46] A trust can save millions in taxes

[02:48] and provide a healthy layer of privacy.

[02:50] (light upbeat music)

[02:53] A lot of people will tell

[02:56] However, I disagree.

[02:58] If your job isn't

[03:00] then quit the job.

[03:01] Don't quit working, but quit that job.

[03:04] You could even wait for the perfect moment

[03:06] when your boss is pulling

[03:08] "You need to step up your game

[03:10] if you want to continue working here,"

[03:11] and then quit gloriously.

[03:13] But please go and find another

[03:16] at least for a bit.

[03:17] When people quit working entirely,

[03:19] all they have to think about 24/7

[03:22] is how they're gonna spend their money.

[03:23] Many end up starting a random business

[03:26] they know nothing about

[03:27] because they're bored and

[03:30] Some people even buy restaurants

[03:32] and end up on Gordon Ramsay's

[03:34] Being rich and bored

[03:36] is a really dangerous situation to be in.

[03:38] The way I've always thought of it is,

[03:40] if you're working, then

[03:43] So keep your life as normal as possible

[03:45] for at least six months.

[03:46] You need to process having all this money

[03:49] and not give in to the

[03:51] (suspenseful music)

[03:54] You might think this doesn't matter.

[03:56] You're rich now,

[03:57] why worry about a few little debts

[03:59] when you could pay it

[04:02] Well, these debts can quickly start

[04:04] eating into your fortune,

[04:05] and before you know it,

[04:06] you'll be left with nothing.

[04:07] Focus on paying back your highest

[04:11] The main culprit here is credit cards.

[04:13] These often have 20 to 30% interest rates,

[04:16] which eat away at your money

[04:17] faster than almost anything else.

[04:19] Then you have car loans

[04:22] These are worth clearing

[04:24] Finally, you have mortgages.

[04:26] Paying off their house

[04:27] is often one of the first things people do

[04:29] after suddenly becoming rich.

[04:30] However, this might not

[04:34] If it's cheap debt, I'm talking 2 to 3%,

[04:37] it might be smarter to

[04:40] This is because you should be

[04:43] from your investments,

[04:44] and that will offset the amount

[04:46] So focus on clearing

[04:49] It's a guaranteed return,

[04:50] unlike investing which can go up and down.

[04:53] Paying off debt

[04:54] is the same as earning that

[04:57] So use this as a reset button,

[04:59] and once you're out of high interest debt,

[05:01] promise yourself never to

[05:04] (dramatic upbeat music)

[05:07] When you become rich all of a sudden,

[05:09] the people closest to you

[05:10] often feel entitled to a share of it

[05:12] because in their mind,

[05:14] you didn't earn it with honest hard work.

[05:16] They'll start asking for loans

[05:18] that they often don't intend to pay back

[05:20] or even come up with genius business plans

[05:22] they need you to invest in.

[05:24] Trust me when I say

[05:25] the fastest way to lose family and friends

[05:27] is to lend them money.

[05:29] Just don't do it.

[05:30] They may resent you a

[05:32] but they'll get over it.

[05:33] That's far better than

[05:36] where everyone falls out.

[05:38] But what if you want to

[05:41] Well, I have a simple rule:

[05:42] If someone I know asks me for help

[05:44] and they genuinely need it,

[05:46] then I give them the money

[05:48] and don't expect to ever be

[05:52] They never ask me for money again.

[05:54] - [Staff] Can I have

[05:55] - No, you're joking in. I pay you plenty.

[05:57] I recommend you do the same

[05:59] because you don't want people using you

[06:00] as their emergency fund.

[06:02] If you help them out once

[06:03] and they know they can come back for more,

[06:05] they're less likely to be

[06:08] because they know you just

[06:10] I know this point sounds quite heartless,

[06:13] but it's really the opposite.

[06:15] Sometimes you have to be cruel to be kind.

[06:18] This will save you far more friendships

[06:20] than just being someone else's piggy bank.

[06:22] (tense upbeat music)

[06:26] When most people get rich quickly,

[06:27] they still have a consumer mindset.

[06:30] They look at the money

[06:32] and think about all the

[06:34] My son's friend's family

[06:36] actually won the lottery

[06:38] and his parents went out

[06:39] and bought a new house

[06:42] a couple of sports cars,

[06:43] and sent all their kids to private school.

[06:46] Only two years later, the dream collapsed.

[06:49] Curtis' friend was yanked

[06:51] sports cars were sold off,

[06:53] and their $10 million home

[06:56] for $6.5 million after bad improvements

[07:00] and crushing debt forced them to sell.

[07:02] This all happened

[07:03] because they didn't

[07:06] Never spend the principle,

[07:09] You should be trying to grow a money tree

[07:11] that produces new income every month,

[07:13] not cutting it down

[07:15] That's where your freedom figure comes in.

[07:18] Work out exactly how much

[07:21] to live the life you want,

[07:23] then multiply it by 25.

[07:25] So if you want an income

[07:28] you'll need to invest at least $5 million

[07:31] of your new wealth.

[07:32] The idea is that you'll

[07:34] into the 5 million

[07:36] and be able to live on the

[07:40] Even if you haven't received

[07:42] and become instantly rich,

[07:44] it's still worth working

[07:46] as it's a great target to aim for.

[07:48] The rule of 25 is based on

[07:53] I personally aim to grow my

[07:56] just to be safe.

[07:58] That brings us on to...

[07:59] (smooth upbeat music)

[08:02] The most common thing I hear is,

[08:04] "Where can I find those

[08:06] My account only gives me 0.5%."

[08:09] The truth is,

[08:10] you're not likely to find

[08:12] you need for the rule of 25

[08:14] in an ordinary account.

[08:16] You need to open an investing account.

[08:18] So let's say you somehow got your hands

[08:20] on that $5 million we

[08:23] How could you invest it?

[08:24] Well, at this stage,

[08:25] it's way more about

[08:28] Of course, this does depend on your age

[08:30] and how much risk you want to take.

[08:32] But here's an example

[08:33] of how I would consider splitting it up.

[08:35] Remember, I'm not a financial advisor,

[08:38] and this isn't financial advice.

[08:40] First of all, I've put $1 million

[08:43] into a low cost total

[08:46] just like this one.

[08:47] It includes over 1,300 different stocks,

[08:50] so it's very diversified.

[08:52] Its top holdings are big

[08:56] Amazon, NVIDIA, and Alphabet.

[08:58] This is your long-term growth engine

[09:00] and has averaged about 9% per

[09:05] But future returns could

[09:07] On $1 million, that's

[09:12] Second, I'd put $1 million

[09:14] into a low cost total

[09:18] such as this one.

[09:19] A bond fund is a pool of loans

[09:21] you give to governments or companies.

[09:23] Instead of owning one bond,

[09:24] you own a basket of many,

[09:26] which pays you regular interest

[09:28] and is generally considered

[09:30] This should help you with stability

[09:32] in the event of a market crash.

[09:34] Broad bond market indexes have

[09:38] On $1 million, that's $40,000 a year.

[09:41] Third, I'd put half a million dollars

[09:44] into residential real estate,

[09:45] like single-family homes,

[09:47] and another 500,000 into

[09:51] like warehouses.

[09:52] I like this split,

[09:53] as residential real estate

[09:54] is great for property appreciation.

[09:57] US housing has historically

[10:01] so on 500,000, that's $35,000 a year.

[10:05] Commercial real estate is

[10:08] as tenants normally stay for years

[10:09] and also maintain the property.

[10:12] If you buy right,

[10:13] then this historically gives

[10:16] So on $500,000, that's 40k a year.

[10:20] Fourth, I'd put half a million dollars

[10:22] into blue chip crypto

[10:26] Bitcoin has been one of

[10:28] of the last decade,

[10:29] so it makes sense to have it

[10:33] However, it is highly volatile

[10:35] and can go down just

[10:38] so treating it as a 5 to

[10:42] makes sense.

[10:43] Bitcoin's last decade saw

[10:48] but past performance

[10:51] so let's normalize it

[10:54] $500,000 could average

[10:59] Fifth, I'd put $1 million

[11:02] into a high interest savings account

[11:04] such as this one from SoFi

[11:08] On $1 million, that's 45k a year.

[11:11] Altogether, that example portfolio

[11:13] could generate around $312,500

[11:18] if markets perform like

[11:21] But remember,

[11:22] past performance is no

[11:25] If you want to get started

[11:28] I actually reached out to Trading 212

[11:31] to see if they wanted to sponsor

[11:34] They agreed and are actually giving you

[11:36] a free fractional share

[11:39] when you use the code TILBURY

[11:41] in the promo code section of the app.

[11:43] Don't wait to win the lottery

[11:46] just get it set up now.

[11:47] And trust me, you'll thank

[11:50] (dramatic jazzy music)

[11:52] The ones paying very close

[11:55] that I missed out 500k

[11:57] from that $5 million

[12:00] That's because you should spend that 500k

[12:03] on whatever you like.

[12:05] Call it fun money.

[12:06] I went through this stage and

[12:09] isn't about Lambos or mansions.

[12:11] It's about never having to do

[12:14] Real wealth is waking up and

[12:18] Don't be like those lottery winners

[12:19] who blow it or chasing possessions,

[12:21] not freedom.

[12:22] The rich that stay rich

[12:23] are the ones who buy back their time.

[12:25] Once you secured yourself,

[12:27] think beyond yourself and leave a legacy.

[12:29] If you want to learn exactly

[12:32] then I'm gonna leave that

[12:33] But don't click on it just yet,

[12:35] make sure to subscribe if

[12:37] Okay? (tongue clicks)