10 Ways to Make $1 Million if You're BROKE
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- Опубліковано 22 жов 2022
- Want to SCALE your business? Go here: acquisition.com
Want to START a business? Go here: skool.com/games
If you’re new to my channel, my name is Alex Hormozi. I’m the founder and managing partner of Acquisition.com. It’s a family office, which is just a formal way of saying we invest our own money into companies. Our 10 portfolio companies bring in over $200,000,000+ per year. Our ownership stake varies between 20% and 100% of them. Given this is a YT channel, and anyone can claim anything, I’ll give you some stuff you can google to verify below.
How I got here…
21: Graduated Vanderbitl in 3 years Magna Cum Laude, and took a fancy consulting job.
23 yrs old: Left my fancy consulting job to start a business (a gym).
24 yrs old: Opened 5 gym locations.
26 yrs old: Closed down 6th gym. Lost everything.
26 yrs old: Got back to launching gyms (launched 33). Then, lost everything for a 2nd time.
26 yrs old: In desperation, started licensing model as a hail mary. It worked.
27 yrs old: "Gym Launch" does $3M profit the next 6 months. Then $17M profit next 12 months.
28 yrs old: Started Prestige Labs. $20M the first year.
29 yrs old: Launched ALAN, a software company for agencies to work leads for customers. Scaled to $1.7mmo within 6 months.
31 yrs old: Sold 75% of UseAlan to a strategic buyer in an all stock deal.
31 yrs old: Sold 66% of Gym Launch & Prestige Labs at $46.2M valuation in all-cash deal to American Pacific Group. (you can google it)
31 yrs old: Started our family office Acquisition.com. We invest and scale companies using the $42M in distributions we had taken + the cash from the $46.2M exit.
32 yrs old: Started making free content showing how we grow companies to make real business education accessible to everyone (and) to attract business owners to invest or scale their businesses.
34 yrs old: I became co-owner of Skool.com to help the many people who want to start a business online do so.
Today: Our portfolio now does $200M/yr between 10 companies. The largest doing $100M/yr the smallest doing $5M per year. Our ownership varies between 20% and 100% ownership of the companies. Many of them we invested in early and helped grow (which is how we make our money - not youtube videos).
To all the gladiators in the arena, we’re all in the middle of writing our own stories. The worse the monsters, the more epic the story.
You either get an epic outcome or an epic story. Both mean you win.
Keep crushing. May your desires be greater than your obstacles.
Never quit,
Alex
FULL DISCLOSURE
I make content to make money - just - on a longer time horizon than most. I want to build trust with business owners so we can find the best ones and help them scale. And if they’re awesome, write them a check and go all the way as partners.
![If I Wanted to Become a Millionaire In 2024, This is What I'd Do [FULL BLUEPRINT]](http://i.ytimg.com/vi/VBoRLJimVzc/mqdefault.jpg)
The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Vivian Carol Gioia is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
Many thanks for the suggestion. I've sent her an email after looking her up. I'm hoping she responds to me quickly.
Casually buys a block of 14 apartments with somone elses money. If you're broke, ain't no one lending you that kind of money.
bro first observe what u have then think
even broke person have friends and family
or someone he can convince
I love the value but more importantly the down to earth personality and editing part. I am learning so much not just with the value but from video structure it's, I will use this in my content, tnx!! 😊
Genuinely think you give the most business related value on the platform
By far
it's literally no competition lol.
Anyone know anyone else that's on Alex's level?
@@yaboiavery5986 Codie Sanchez is pretty fantastic too - she does a lot more small scale business advice though
@@omegaweapon2005 bet I'll check her out :) thanks
@@yaboiavery5986 patrick-bet-david
Probably the most important difference between Alex and any other person that has given me advice on how to be successful is that I feel like Alex is teaching me how to have faith in me and what I do.
He doesn’t have a hidden agenda, like everyone else. That’s why you feel that way, (I feel the same!)
could not agree more
Bro yes! That’s the thing that holds so many of us back. That’s why he always talks about “the poor mindset”
Agreed, I'm already doing some of these things so he is just supporting my beliefs not trying to sell me something new
That. And the fact that he is not selling you tutorials
The way you articulate these concepts are amazing. Thank you 🎉
Always Valuable Content 💰
This is all brilliant advice. I love the emphasis on adding value. People really don't think that way. Your net worth is directly related to the value you can add to other people, not the number of hours you work.
@@xavieroneill I definitely see it. I wasn't born into poverty but I will allow myself to struggle through other things on purpose because it helps to drive that pain motivator. The only thing strong enough to create dramatic change which leads to dramatic results is pain.
This was insanely valuable, thanks Alex. It’s now time for me to stop binge watching your vids in my pajamas and start selling billion dollar skyscrapers.
you can do it!
did you sold out any?
Keep us updated 👌
Hello sir, did you make 1million dollars? its been a year feom your statement
😂😂
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $650K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
I always consult a financial advisor before investing. During the pandemic, I used their strategies to minimize risks and maximize profits, generating around $883k in three years with my advisor
@@ThomasChai05 My partner’s been considering going the same route, could you share more info please on the advisor that guides you.
My advisor is "Camille Alicia Garcia". You can easily find her online. She has a wealth of experience in the financial market gained over several years.
Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.
Excellent advices.👍
great video, entertaining & kept my attention the whole time. Great editing as well 💯
This is great advice. I'm glad you put some solid examples around real estate. I have had success in Real Estate investing. Thanks Alex for sharing.
love this! thank you!
congratulations on the 500k more to come for alex and all the mozination
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
I felt that the speed at which Alex was destroying my excuse/hesitation attitude was very jarring and I have to rewatch this video after a good cry
Your analysis is inspiring and mine is similar. Getting the best strategies for short term/long-term trading involves a lot and I stayed determined, took risks and also learned from my mistakes. Considering how beneficial my investing in trade has been lately, my target is to hit 1million by January 2024 and I believe it is achievable
What is your strategy ?
Best of luck
I rely on strategies from a source that ensures my monthly profits
How can I connect to your source for success tips
Telegrams
Alex you are a business genius mate. Awesome vid
Literally the best channel on UA-cam right now
Came from the insta reel to watch this, the videos keep getting better , sending this to my buddy🔋
Found the channel a few days ago.. been obsessed since. I FEEL the education mindset in him.. not a cardone hunger fast talking sell sell sell
Just started diving into your channel- great stuff. No fluff. Straight to the point with real value. Thank you good sir 👊🏼
Alex, this is straight fire brother. Thanks.
I knew you were always a real estate guy at heart!
Hi! I’m excited to be here in your channel and I’m interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.
This takes work people. Learn a skill then execute. It takes work but so worth it in the end. Great advice Alex.
I absolutely love the way you break down seemingly complex ideas into the simplest of terms
This is a great video, I feel like the risk involved should have been addressed. I agree with all of your points but people should know the risks involved before they get too excited 😅
This was perfect! Just what I needed. I been running my trucking company for going on 4 years. I started out grossing 6 figures out the gate, but didn’t have no structure with allocations and the pandemic really shut down my business. Thanks *MYSTERY PLAN
Do you hire bhai? Would be nice
Always great Alex. Thank you for all the MASSIVE knowlodge that you share for FREE
I like the way you’re talking. So realistic, no BS at all!!!
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
Very true, people downplay advisors role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license advisors. Thankfully, I came across someone of practical knowledge, and decades of experience, my stagnant reserve of $325K has yielded nearly $1m after subsequent investments so far.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
There are a lot of independent advisors you might look into. But i work with Carol Pasol Lewis and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
Very valuable!!! Thank you
Alex always makes me want to take everything I am doing and do even more of it to the next level.
And I bet your still poor
damn@@SeenOnTvSale
@@SeenOnTvSalewomp womp
Alex always giving free game. A true g 🙏🏽
geezus christ you make it sound so simple thank you for sharing your thoughts for free all the time.
Alex, you offer the most value of any influencer I’ve come across in a very long time.
This video is legendary. You are a genius for making this
Alex you always blow my mind. It's scary how I dont have the right mindset. I am learning so much.
Great stuff as usual!
High value info love it.
Editing top notch. Wish I could put that kinda engagement into my content. Can't wait until I can delegate some stuff.
This video is incredibly valuable, this man is insane.
Real valuable lessons bro!
Thanks you for sharing your thoughtful content for putting it out there with the passion that many of us need and strive for. I'm starting to listen to you almost every morning. Your voice and words are calming, clarifying, uplifting and motivating. It feels real and genuine. I am grateful to have your channels as a source for having a better relationship with myself and the world around me?
Ditto that!!!
Love your Videos!
Thank you bro !!
Quality of videos is growing exponentially here
This is why I'm subscribed to this channel.
I'm a simple man.
When Alex teaches how to make a million, I make 2 million 👍
Your Channel Name is so Not true man.
I feel investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market, because 35% of my $270k portfolio consists of plunging stocks that were once respected, and I'm at a loss for what to do now.
To manage market risks responsibly, distribute investments over many asset classes such as bonds, real estate, and international equities, seek the advice of a professional.
My chosen licensed advisor is Laurelyn Gross Pohlmeier. It is advisable to conduct research on her name to gather the relevant information needed to set up a meeting.
I'm in the need of change in my life and really find a passion to feel happy. I came across this and will continue to do so. I appreciate your time Alex
Same. I'm finding it difficult to find something I'm passionate about. I'll keep watching these, too,and hope something comes up.
You got this guys believe in yourself🔥🤙
This is One of the best break down of how to make a million dollar. Awesome
Thank you like actually, this video made me realize something. Everything that you said was the same or at least most of it was, the premise is the same just be the middle man. be an asset to your community be a facilitator and you will be rewarded you don't have to buy or sell anything but dreams.
I started to look into NFTs to build more my knowledge. Your video was simple and very enjoyable to watch so thank you for publishing this content. I personally think this revolutionary way of buying /selling art or actually anything that can be classifi
what I like about your videos is straight to the point 👉 ...thank you
Hit me up👆👆
🚀🚀🚀🚀🚀
Thanks for all your education, Alex - props to your awesome video editor too!
Great content. Editors are going ham. Feel like I'm watching a movie trailer 😅
I always enjoy the concepts here, especially in real estate.
Legend. Inspirational mate
When it comes to investing diversification is key!! That's why I engage in sectors based on projected growth. I've broken through *20k* to *30k* and got my eyes on *40k* champagne stays popping!!!
They are very professional and is doing a great job, changing lives positively.
Brilliant guy!
This is a good one, Alex.
Awesome value! That’s what I do with drop servicing. Sell clients a high value offer and use freelancers or agencies to do the work.
Your knowledge and passion is of the highest standard, and your simplification of explaining it is awesome thanks Alex. 😊
Mr Alex, it would be great if you could make a video on how we can learn sales / good mentors / good books to read anything on learning the skill of selling
This was Truly valuable. Thanks Alex
Chill out bro
This a great video, I learn alot watching your videos and it has been helpful to me. building a steady income is quite difficult for newbies. Thanks to Katherine Jeter for improving my portfolio,
Keep up with good videos.
I'm surprised you know her too. I've been making a lot of profits investing with her for a few months now.
@James Butler You can communicate with her on telegam with the user name below
investwithjeter💯
Great one Alex 👑
Amazing video. It's packed with information and so educating
This is such valuable information
Congrats on 500k subs and the immense amount of business knowledge!
Amazing content!!
congrats on 500k subs
Probably the most valuable video on yt
Thank you for this info! Maybe I'm crazy but the real state agent looked like Graham Stephan....yeah, maybe I'm crazy lol....priceless info! Thanks for sharing again
Amazing content as always Alex 🙌🏻
Great ideas, thanks
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People prefer to spend money on liabilities,Rather than investing in assets and be very profitable.
>
Thanks Alex
You're my favorite internet business guy.
You give me hope dude.
A colleague told me about your book, I put it on my wish list because I'm reading other books. Then I came across your channel. Liked your thumbnails and watched part of one video (good but I'm busy right now) this title caught my eye so I had to watch it. Now I just bought your book and will start reading immediately. Thanks for sharing your knowledge.
Good content 🙏
You said it in Former Videos. The big names are not selling the things that really matter and really work..
Valuable content 👍
Straight up just told us how to be millionaires for free and people still aren’t gonna listen to this guy
The core of All the methods had sales scale as an important component
This!!! This is what I have been looking for! Common sense oh thank gawd....I thought all common sense had gone extinct.
Thank you for making complete sense to me!
Wealth is built in both bull or bear market and also wealth transfers from the impatient to the patient. One of the best way to succeed in crypto is by trading your assets with good strategy....
You are right. Been thinking of going into gold and cyptocurrency
You’re right but a lot of people remain poor due to ignorance
Not because of ignorance, it’s because of the high rate of unprofessionalism in the cypto market
I’m new to cypto trading, feels overwhelming but I won’t give up on learning this. Thanks for your clear explanation from the very beginning!
Cypto عبارة عن ملعب كرة مختلف تمامًا. سأستثمر فيه فقط الأموال التي ترغب في خسارتها أو التي لا تحتاج إليها. فيما يتعلق بالتداول اليومي للعملات المشفرة، لا أراقب أي شيء في الوقت الحالي باستثناء XRP. لن يكون الرجل المناسب للتداول اليومي للعملات المشفرة
The video editor is a king 👍🏿
Great video. This guy KNOWS
The editing is top tier. Well done
Real knowledge 💯
Thanks!
Well that was pretty amazing, thank you
This man a real gangster helping the world think thanks Alex 👍🏻
number 3 im still confused on and watched it many times.