Millionaire Entrepreneur Luke Belmar Shares His Approach to “Attracting” Wealth

Samantha Miller

Financial guru and multi-millionaire Luke Belmar has built an online following of over 15,000 entrepreneurs with his straight-talking money tips. In a recent YouTube video, he gave insight into his mindset of “attracting” rather than chasing wealth, and how he puts this philosophy into practice.

Focusing on Input Over Output

A key tenet of Belmar’s approach is concentrating on inputs rather than outputs. “Most people focus on the output – how to make $1 million – rather than the input, which is what they can control,” he said in the video.

Instead of fixating on dollar amounts, Belmar stresses focusing on educating yourself financially and building your knowledge. “The question to ask is, ‘How can you, today, pick up a d*** book that teaches you what the history of money is? This thing you’re pursuing, you don’t even know what it is.'”

Recommended Reading to Understand Money

To understand the nature of money and wealth-building, Belmar provides a reading list for his followers spanning personal finance, investing, business strategy, and even the origins of cryptocurrency.

Some standouts are Sun Tzu’s The Art of War, Roger James Hamilton’s The Millionaire Master Plan, and the famous Bitcoin whitepaper, “Bitcoin: A Peer-to-Peer Electronic Cash System” by the pseudonymous Satoshi Nakamoto.

“By understanding the history and fundamentals of money, you can position yourself for exponential returns compared to traditional income pursuits,” Belmar explains.

Leveraging Investments Over Active Work

Belmar credits investments in areas like e-commerce, crypto, and NFTs for the bulk of his estimated $10 million net worth. He is an evangelist for the power of passive income.

“You think I’m going to work a decade hustling, thinking I’m productive, for $1.2 million when I can make that in a trade by understanding how the world works?” he said.

As an example, he claimed that a decade’s profits from a $20,000 per year business might amount to $1.2 million after taxes and expenses. However, strategic investing with that $10,000 per year could reap exponentially higher rewards.

“By understanding how the market flows…I’m positioning myself for a $100 million payout, not a $1.2 million payout over ten years,” Belmar asserted.

Transitioning from “Hustler” to “Boss”

For business owners stuck on the “hustle treadmill,” Belmar advocates shifting mindsets from hustler to boss.

He defines hustlers as people who pour earnings back into themselves rather than their business. “Most people will spend the money they make during their hustle period… on themselves, trying to act and pretend that their bosses.”

Whereas bosses focus on sustainability through reinvesting profits. “The boss reinvests that hustle money into the business to create sustainability. And then, in the sustainability, there is where you splurge…”

This ethos echoes fellow YouTube finance personality Jaspreet Singh of Minority Mindset, who often preaches delayed gratification through investing over consumption.

Money Isn’t Everything

While money is a frequent focus of his content, Belmar cautions that it can’t purchase meaning or fulfillment.

“Your happiness can’t be attached to a number because as soon as you achieve it, you will want more… There is no amount of money that you can put into good health, good relationships, and peace of mind and peace of heart. It can’t be bought. It can’t be sold. It’s in the balance where you find purpose, tranquility, and peace.”

Pursuing moderation in lifestyle, Belmar himself abstains from alcohol, works out moderately, and follows a primarily carnivore diet.

Ultimately, while Belmar dishes tough financial advice, he blends this with mindset principles on balancing wealth-building with well-being. By providing an inside look at his personal philosophy, he aims to help followers on their own paths to “attracting” prosperity.

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Samantha Miller is a business and finance journalist with over 10 years of experience covering the latest news and trends shaping the corporate landscape. She began her career at The Wall Street Journal, where she reported on major companies and industry developments. Now, Samantha serve as a senior business writer for, profiling influential executives and providing in-depth analysis on business and financial topics.
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