How Do Millionaires Attract Wealth? Luke Belmar Says ‘Stop Being A Hustler, Start Being A Boss

Luke Belmar is an internet personality, investor, entrepreneur and millionaire known for his honest and realistic lifestyle and financial advice. In a recent YouTube video, he said, "I don't chase [money], I attract it." But how does he do it?

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He's not afraid to share his secrets and even launched Capital Club, an invite-only digital community with over 15,000 entrepreneurs.

In a recent YouTube video about the CapitalClubCommunity challenge, he said that most people focus on outcomes (like winning $1 million) rather than inputs they can control. The question you should be asking yourself is, "How can you get a book today that teaches you the history of money?" You don't even know what you're looking for.

On his website, Belmar recommends several titles to read, from Sun Tzu's "The Art of War" to Roger James Hamilton's "The Millionaire's Master Plan" and "Bitcoin: A Peer-to-Peer Electronic Cash System." ", by Satoshi Nakamoto. . This white paper introduced cryptocurrencies to the world.

To date, Belmar has earned over $10 million through businesses and investments such as dropshipping, e-commerce, NFT and crypto-currency.

He extols the benefits of this investment, saying in the video, "Do you think I would have gone around for ten years thinking that making $1.2 million would be productive if I had succeeded in trading by understanding 'How the world works?' . is it 'would it work?'
He advises entrepreneurs, whom he calls "hustlers," to realize that they are not running their businesses, but rather letting their companies run them. "Most people spend the money they earn during peak hours on themselves and try to pretend they are."

Belmar said, "The boss invests money back into the company to create sustainability. And then you can spend a lot of money on sustainability... Stop being a troublemaker and start being the boss."

At this point in the video, Belmar starts off as Jaspreet Singh, another famous financial guru and YouTube personality. On the Minority Mindset channel, Sing often advises them to forego purchases such as designer clothes and luxury cars in order to invest a portion of their income. Once they make money, they can use that passive income to do something good for themselves.

Belmar groups them by number of views. Explain that a company with a net profit of $20,000 may have $10,000 left over after taxes and fees. "What will happen after a decade?" he asked the audience. "$1.2 million."

On the other hand, if you invest this money, you can get a much higher return in the form of passive income. "Understanding how the markets move, the currency flow and the emergence of new currencies, I'm willing to pay $100 million instead of $1.2 million over ten years," Belmar said.

Belmar, according to his website, follows a predominantly carnivore diet, does not consume alcohol and exercises "moderately", while also valuing other aspects of life more important than money. “Your happiness cannot be tied to a number, because once you get it, you will want more... There is no amount of money you can invest in good health, good relationships, peace of mind and heart. It cannot be bought. It cannot be sold. In balance you find meaning, tranquility and peace.'

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This article first appeared on GOBankingRates.com: How Do Millionaires Attract Wealth? Luke Belmar says: "Stop being a cheat, start being a boss"

Luke Belmar – Clean Bathrooms to Make Millions | Full Podcast | The road to success