LEAKED: Street millionaire employee training...how he REALLY got rich..
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- Опубліковано 6 жов 2024
- Want to SCALE your business? Go here: www.acquisitio...
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 Vanderbilt 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.
I feel I've learnt more from Alex in a month than coaches, mentors, books, and sales experts ever really taught me!! Massive thank you from Australia to you two! The gratitude is abundant! Thank you!!
Where you at Bro?
rep aus i agree, so much value. as long as you take action
@@Johansebastion I'm in Brisbane my man, how about yourself? For someone like myself, immensely passionate about innovation, incredible customer service, sales and consulting for people and businesses and seeing things grow in general, Alex's content is succinct, genuine, and powerful and I'm keen to chat with other folks that are connecting with this legend and his lessons!
I’m from Melbourne guys, great to see some fellow aussies on here! Alex is genuinely changing my life.
Melbourne here too :)
“How much money can we not spend this month.” - literally such an accurate concept that has helped me through my finances.
It is just heart warming how much Alex loves his clients.
Ain’t this to his team?
@@seempaq doesn't matter
@@kristian9561 it does
“That’s why finance is about character and not about intelligence”
That's it, I'm cancelling UA-cam premium
“Woah, it’s almost like you’re actually trying to buy it!” 😂👌🏽 loved this!
Thank you for this, I needed this. I’m 23, and opened a 30% interest credit card when I was 18, not understanding ANYTHING. I accrued $6,000+ debt on there and have been getting screwed by the bank every month I’m interest and just paid off $3,000 right now. Thank you for this, I needed it.
Bruh oof
I would rather take the Jordans than the 22k. Because I honestly don't care about what happens when I'm 70-90 years old. In my opinion you need to live the best life you can while you still can. What's the point of being a millionaire when you're 80 years old and sitting in chair, barely able to stand up and do anything?
Now if I had the choice between buying shoes and investing $100 into a business, which in 1-3 years might make me wealthy, of course I would do that, but the time windows are important imo. It's a choice of balance, you need to invest into the future, but if you invest too far into the future you might die before you can spend any of your money.
Gosh I love this
The red pill brothers are here.
I finally understand the concept of being rich versus having people think you’re rich
Just had my best month in sales because of you two! Thanks a lot guys!
I love your content so much Alex. I read your book in half a day, it was THAT good. I have been absorbing your content and I am starting to put the wheels into motion.
I am a mental health therapist and have been wanting to start private practice. I'm just so risk averse too! You've really given me the tools to start taking action in terms of the business side of things, gain that experience, and then scale up. Big hats off to you. Thank you, my "friend/mentor/coach". Peace.
I got stuck on the statement that minimum wage goes up every four years. What state does he live in? That's definitely not my state and I couldn't find where that's the case. I know it's not the point of the video, but it's bugging me why he said that.
I’ve always been a fan of both the Cardone mentality AND the Ramsey mentality. After enjoying your channel for a while and digging the lessons you learned from Grant, it’s awesome to see you breaking down and offering the millionaire baby steps. It’s a crime that we don’t teach these simple truths to kids in high school. We’re literally robbing millions of dollars out of our pockets.
I think you missed the point. Being wealthy provides you day-to-day experiences that other in other peoples’ bucket list. Pay upfront so that you don’t pay later and can live longer.
This is literally the most clear down to earth explanation of money and debt management I've ever come across. I've been struggling even with a good job and now it's like someone snapped there fingers and the fog lifted.
Thanks so much🙏
Alex doesn’t miss 🎯
Ever
This is amazing content. You always provide actual factual advice. Not bogus motivational talk. Thank you.
I'd rather have 14M now as a business owner than when I'm 75 years old with a walker and unable to do tricks on a jetski lol
OK! This is all good in theory but shit 14 million and your old as hell is just a waste of life. Life is short and I’m here for a good time not a long time!
@@teckneic its exactly what I said lol
When I was broke I spent my money because I had to. I do think it took me longer to get to own my commercial building, setup my company, drive traffic, hire team, ect but saving never made a difference because back then my income was negligable. Now it doesn't even matter how many sneakers I buy, cars, watches. We invested heavy into commercial RE 10 years ago. That has been the catalyst to almost all my other investments. I never tried to cut costs once.
This information is life changing!! Just mind blowing. Especially when he talked about putting 25k in and never touch it again. Insane!!!.... I'm using that advice
This is the most actionable personal finance video I've watched!
The amount of value that Alex puts out on UA-cam for the entire world to learn from is INSANE. So thankful for you Alex🙏🏻
One of the best freaking trainings on money on this whole internet thing. Thank you Alex & Leila!
Alex thank you brother. Learning on my own is hard but content like yours is so valuable.
"The game is; how little can you spend?" so true. You need to teach this at school. It would save a lot of pain and suffering in the world. As you said "its simple, not easy" but is it not easy because we are programmed to spend more than we make? What if we could shift that programming to spend as little as possible.
Or just shift to spending an appropriate amount for your level of income/wealth. You don't have to try and live like a pauper. Might be a good idea temporarily while paying off high interest debt, but not for a long time.
The metabolism line at the end 🤣🤣🤣
This is the same as my philosophy in life, be rich don't try to look rich. I went from a broke single mum to financial freedom. No matter where I am now I'm still Jenny from the block
Linh podetti on the block😗
@@ewok4951 haha thanks
By the way, $500 per month is also the equivalent of one extra day of work a week at $14.50 an hour. So even if you can barely save anything right now, it’s totally doable if you’re willing to give up spending Saturday on the couch.
I need a manager like you and your wife. Thanks for putting these out.
You Genuinely helped so much by posting this on youtube . Hats off man 🙏
Loved this video. Always enjoy and appreciate the valuable content you put on this channel for free! Keep it up, Alex. 🙏
Loved your insta session with sorav
@@AD-vx7vn Thanks, man. Means a lot! 🙌
A serious question:
Why do we want to save all the money and have that 5M+ when we’re 75?
So we won’t need to work when we are 75? Then we will get bored and die faster, better to work then as well.
I feel like we should live our life, and do spend some money on experiences: vacation, flights, trips, and even going out with friends.
The only thing that I think is good by doing this is that we take the financial stress out because we know that we have money if we need it at any time… 🤔
You gotta remember this has to be in relation to your goals and dreams. Alex wants to inspire and help 10000000's become wealthy and have and impact on their lives. He doesn't feel like he has missed out. You gotta do you, but if you want wealth even a small amount this is the mindset, inner work and commitment it takes to get there. Its a game, whether you want to play and then. get off at some point is upto you.
Absolutely brilliant. You are a beast Alex and a great teacher.
Just did the math on cigarettes....holy crap, it's going to cost me ~$8,000,000.
This is great info Alex , many thanks - but at 10:45 your calc shows a 9.7% compounded return - where do you get a guaranteed return this high from? Current bank interest is like less than 2%
should've finished wating the whole vid - @ 35:40 S&P500 averages 9.7% over the long term. Thx Alex
Alex you and Leila are on a different demotion. Thank you both so much. I will grow in the knowledge,and put it in practice. All I need now is a solid tax strategy.
Very Inspiring Again Alex. It's something we have to learn at the end of school... so powerful !!!!!
I dedicate my tmw morning to put this in place !
Let's go for S&P 500 !
Thx,
Loan from France !
Hands down best content ever ❤️
So good! I finished your book and I’ve enjoyed finding all your valuable content online. Thank you both!
So glad my parents taught me to start saving at a young age
this is so necessary especially in the usa where the debt situation is crazy.
I’m trying to buy your book on Amazon but it’s not one dollar .. they only have the hard back for $25.
So you mite want to check into that .. I have fully stopped using Amazon for awhile now.. they’re SUPER SHADY AND PETTY.. and they’re products are usually trash, I return more than half of what they send me 😱
Tax Free if you put your after tax dollars in an uncapped IUL. Will save you that 35% tax. That's hugely
Let's discuss!
This was the single greatest video of yours I have ever seen thank you so much. I appreciate you two so much.
Hey Alex... love the content! Quick question. If you believe that interest and debt is hurting people so much, how come you’ve included financing options in Gym Launch’s sales strategy? It’s not a dig... I’m actually asking this question because I’m dealing with a similar conflict of interest in my own business and I would love to get your perspective. That being said you’re probably way too busy to read this lol... but who knows, maybe I’ll get lucky. Thanks for all the great advice bro you’ve really helped me and I appreciate you
I think he makes a difference between spending vs. investing
Starbucks won't like this video...
Thanks you both, really puts some perspective in it!
Regarding your comment about obtaining financing to purchase a home, at least it is an asset that increases in value annually. I owned a house for 6 years. In 2012 Paid $275k, put down 3%, financed at around 5% APR. Sold the house 6 years later for $440k. Gained $165k in 6 years. If I had leased it, I would have had about the same monthly payment, and in 6 years would have walked away with NADA. And, I got to deduct my interest and taxes from my income taxes. Leasing...again, nada.
Why are they not teaching this in school???? Thank you for being so up front about this!
Every video, this guy just doesn't miss 😭
I’ve been smoking weed for about 3 years cause I made deans list for the first time when I started and gave up all the pain killers from the Air Force. And now that I got McDonald’s money we go to McDonald’s but gotta have that tough talk im holding me back and it’s costing me 980,000 to keep my head up my firmly up my ass thanks for the leverage to get it out!
"No-One has made any rational sense, Why start now!!!" Alex I spit coffee everywhere on this one, hahaha Classic!!! Bravo!!!
and another one: " You solved obesity..... gotta put you in a lab!" lol
Hey Alex I can't thank you enough for the data you put out. I live in Argentina and we have the highest inflation rate, and it's going down. This information allows me to make a difference in my life. Thank you
You're the best Alex, I couldn't explain how much I'm grateful to you!!! I'm from Morocco and I've been struggling a lot with my finances, I hate myself when I spend a lot so I decided to take my cashflow management to the next level, to work for me not work for the bank. 😍😍
Every video from you is packed with so much Value. Thanks for this Awesome Content Alex. Mindblowing 🙏
That first 10 minutes talking about quitting expenses was the same approach I took to quit smoking 4 years ago ✊😤 smoking the least I can daily, weekly, monthly, all while using nicotine patches, and eventually had my last puff saying "I actually really didn't feel like smoking this right now" that's when you know you graduated aka quit/succeed.
good job!
@@GRUBB-MUDD thx dude!
@@BIGGELATO they say nicotine is the most addictive drug on the planet. I quit heroin, I still smoke, but im not buying anymore. I have 1.25 packs left and im done. if I can quit heroin I def can quit smoking cigarettes lol
@@GRUBB-MUDD thats freaking nuts dude well done! Honestly quitting smoking from the way I see it now 4 years later, the beginning was tough but i'd always tell myself I'm not a smoker, I'm done, i don't need this, basically all the opposite I used to say. I had options too, Tictacs, skittles, peanuts, sesame sticks, and Nicotine patch that helped. If I didn't have it on I'd feel that rush of wanting to smoke. But as long as you get over that wave and distract your mind just have a skittle! I can't say I never had to urge to smoke again, I really wanted to at times like the last 2 years from a massive amount of stress but again, it weathers away. don't think about it 🤙
“I have absolutely nothing to sell you”
5 seconds later
“Let’s talk about our sponsor” 😂
Great video just thought this was funny
What a different world I’d be living in finding info like this at
19!! I WISH I was like Marco sitting in on this increeeedible information giving from Alex at that Age. Findin it now is still amazing but means I still got more work and more investing to do!💪🏽🔥😎
You do pay taxes if a house goes up in value. UNLESS you do a 1031 exchange, which is buying another house of equal or greater value within a time frame of selling old house.
Finally figured out Alex is getting slack updates and Im over here checking my slack....lol great video.
What is the link for the compounding calculator. Very nice one. This video is fantastic. Thank you!
The truth is so fucking hard to hear, the vice part really hit. I could be investing over 1k a month if I stopped spending money on weed and food
1. Build your emergency fund (~5000 $) ( and forget it )
2. Clear off your debts (from smallest to largest)
3. Save 3 to 6 months of living expenses.
4. Refinance & Extend your mortgage
5. Start investing 15% pretax income into S&P500 monthly
None of these suggestions are new to me. I've heard them before. But this presentation makes me want to do it now, now, NOW! (OK, yes I want a torso like Alex has--or at least to touch some who does--but that's not necessarily part of this equation.)
I appreciated this more than you know! Thanks guys!
You never mentioned #6
great stuff! got sent here by a mentor. had to comment as you mentioned Uber...i Taxi'd for 8+ years and ******* hated it by the end haha. working on getting a tasty tech, then have a biz to invest. may jump straight to real estate?? but this is awesome! thanks
great video as always. @Alex Hormozi how do you feel about buying a house if you get roommates and they pay all your mortgage? would it be worth the risk or not in your opinion since i have a super stable millitary job.
Sublet?
Your money does compound but at the moment not even at the rate of inflation, not even in stocks. Though this is especially bad now I think it’s important to note that the 2 - 5 million Marcos would have at 75 would have significantly less purchasing power then it does right now. Not to mention most people don’t really care about the dollar amount they have at the end of their life if they had to live like a Brokie anyways 😂.
Thanks for this. You have been a massive help, especially the belief that the numbers do not lie.
This is priceless! Thank you Alex and your wife for this exceptional content.
I've done a lot of research in this that your saying and others on the same kind of technique. And it seems to just be a shell game of acquiring debt then dealing with the fact you have debt and waiting out the debt as your pulling profits out am I right or way off??
And using debt to pay off debt. Asset based lending; not just cash flow.
These older vids are GOLD
Absolutely love this information. Thank you so much for sharing this. True leader
Dave ramsey strategy all the way, great content as always alex.
This changed my perspective. no more useless spending
Man, I'm 39 and have made terrible life choices and have bad habits. This philosophy, or rather basic rationale may change my life. Thanks, man.
I agree with everything except having millions when you are 75 won’t do you very good if you never enjoyed life.
Pure gold! People charge to give this kind of knowledge. Thanks for sharing this.
My vice? Education. Paying so much for shopify courses and technical college. I wish I could get a refund on my shopify course lol
Wow! Just… wow. Thank you both! This is so educational. Amazing quality information. Thank you both, again.
Ps. Already got the book. Amazing read!
The intro and outros of ur video sells it all
"I'm serious as cancer" love it
What about tax deductible interest in student loans?
I am sharing this to as many people as possible. I have been trying to explain this but not as clearly.
Awesome video and training, thanks for sharing this. Simple stuff that I "knew" but having acted on. It's time for me to change that.
so good, essential training, thank you!
This is exactly what I needed. I’m marking the date..perfect direction. You are the man Alex!
Amazing!! I have been absorbing your content in the past week, best business content in UA-cam thank you Alex from the bottom of my heart X
appreciate the content, super high level, you're awesome thanks for sharing everything you do!
I always knew its important to save and not spend, but this is awesome to see it in this perspective!
I LOVE BUYING SHOES!!!! I have about 100 pairs! But I also Invest. Currently I have 114,234 Dogecoins, 346 Etherium Classic coins, and 2 Etherium.
This does not take inflation into account..
Also, being wealthy at 75 is not a win. Life is about experiences, not a competition of who goes into the grave with the most digits in the bank account. Obviously get rid of debt..but get the beer that you want man, don t take this bs so seriously
117K views... such gold lost to the void.
This video needs more traction its such gold advice especially for those who are in debt
Awesome video, but my studies dept has less fees than inflation (1,3%), how can they make money when the money I pay back is worth less than when I borrowed it? (My education was worthless, not arguing with that...)
So much value in this one video!!! Thank you so much!
This was a game changer Alex. Is there a book you’d recommend for someone looking to gain a better relationship with money as I execute these steps?
I will give up buying so many books I quit 2 years ago and been working on the ones I have!!
Absolutely loved this! What was step 6? not sure if you mentioned it or I just missed
Bro… hormozi speaking on the growth of income rather than this “employee” conservative saving concept is so much better
How do i invest in the S&P 500?