How to make SO much money it makes you sick
ฝัง
- เผยแพร่เมื่อ 24 ต.ค. 2023
- 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 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.
![[TH] Esports World Cup : Point Rush Stage](http://i.ytimg.com/vi/eLU-jnYp3Zs/mqdefault.jpg)
Watch my presentation on "How to get SO rich you question the meaning of making money" next: th-cam.com/video/RdAKXJlMIZM/w-d-xo.html
This video was absolutely amazing!!
My goal is 10k ultimately🤙
That was an incredible video - watched it twice already and putting it into action. Thanks so much!!! 🤘⚡️
Should we watch that video first?
@@theseal126 a-greed
“you become wealthy from the stuff u own not the stuff u do” very well said.
Idk this sounds kinda stupid…. Not the stuff you do 🤔 Maybe that’s why I’m not rich though.
Of course, still no doubt Alex is goated
@@kahlilgarmon7315 u obviously have to do stuff to own stuff but that’s not the point. It’s not like u can sit around and it drops on ur lap. If you watch the video he says it in context
@@kahlilgarmon7315it’s about appreciating assets and reducing liability. If you OWN, good, stocks, real estate, Crypto and companies, you’re buying appreciated assets. As long as you’re profitable.
I think because you don't understand what he's saying. If you put it in context, what you own provides leverage, not what you do. You own skills, businesses, stocks.etc. You can do things forever, but that alone won't make you wealthy.@@kahlilgarmon7315
Sadness -> Lack of options -> Ignorance
Anxiety -> Too many options -> Lack strategy (priorities)
Strategy:
A list of priorities and tasks required for to accomplish goal.
Priorities:
Aim for high leverage. Finding out how to do more and do better, NOT do new.
"The constraint of the business is not working more hours, it's working on the wrong sh*t." - Strategy is key.
Your talks help me so much to stay on track with what matters. Thank you.
Whose ready for $100M Sales 🤚🏻
He already has plenty of sales videos and his CLOSER framework
While you wait
It’s money models next
Did you guys even make $100k from the last 2 books?? $100M Sales is for people who have already made a lot of money and just want to expand.
@@bestofthebest3812I haven’t watched this video yet. Does Alex explicitly state this or is that an assumption?
So ready
I really admire the way you can speak for so long without interuptions and making a constant effort to truly understand your audience to give them the absolute best advice possible. props Alex!
Absolutely amazing stuff. I've listened three times today and each time it's something new.
It is always good to have a financial plan. I work with a portfolio manager and fixed income planner in the USA. The fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity portion but will provide legitimate income.
I completely agree
This is very true! A lot of people downplay the role of a financial planner until burnt by their mistakes. After my last job layoff, I had to stay afloat, hence researched for licensed fiduciary advisors. Thankfully, I came across someone of practical knowledge and experience. My reserve fund of $225k has yielded nearly $1.3 million after subsequent investments so far.
Insightful. I need some advice on how to rebuild my portfolio and develop successful market tactics. Where can I find this professional portfolio manager?
I have been inclined with CHRIS RYAN STEWART, a CFA whose experience speaks for itself. I saw his take on risk management a couple of years back and I was amazed.
He has been the CFA responsible for my portfolio success, he operates a private client base you can confirm him yourself on the internet, regulation and all that.
Banger, Thanks Brotha!
Thank Alex, for so much value, I am so grateful
Alex... you have such a brilliant way of thinking to produce and distill these simplified frameworks. I am truly greatful that you came onto the scene, and thankful for all you've taught us. You giving this away is honestly such a service to the world.
Lots of value in this presentation! Thanks Alex!
Thank you for sharing this video!
Really learned a lot from this, thank you for sharing 🙏
very informative. Thank you
Incredible. Thank you 😌
very insightful video thank you!
Thank you Alex! Fun presentation with lots of learning!
Mozi over delivers regularly. He’s a Blessing to us all !
I'm currently working for someone & I'm in the position to start getting this business to start doing sales & this and other content Alex has provided has given me so many good ideas to implement. Thank you.
good luck for your journey bro 🤜
I love your content. Keep up the good work
You are truly the bomb-diggity, Alex, and I'm determined to bring a growing business to you in the not too distant future to GROOOOOOOOOW it even bigger🙌
Many insights. I’m not even an entrepreneur yet. I will keep these ideas for my future projects.
Especially that first bit. Anxiety and Sadness.
I love this. It is really tough to work for 2 years to make your product exceptional and see no immediate return, but there was no other way, I have to love it. Now to the moon (at rocket launching stage).
Invaluable lessons, and i'm not even a business owner and i still really appreciate them! Thank you Alex
This really is a great presentation that spreads across all industries
thanks for the insights, awesome stuff! looks like you could use some more hamstring and hip flexor stretches
flexibility increases effective ROM - you'd be surprised how much those hip flexor stretches increase your squats
love that you keep pounding us with these presentations intermittently. Genuinely.
Awesome video Alex.
I love your stuff Alex. Thank you so much for making your insane info free online. I had a question though. Do you have any recommendations for an artist? I’m not sure how to go from a soul sucking hourly job to a professional artist. There must be a fine line between what I create and what people like but I don’t know how to do it.
I'd recommend The Futur and Chris Do - it's similar, but it's for designers and creatives
I'm also slowly putting together helpful resources from my own journey in the area (I do 3d graphic design)
Don’t listen to people who teach you how to make art, anyone can learn that. You need an advantage? Do you know what it is? It’s your network. You’ll never sale a painting until you’re discovered. It’s impossible. Get my point?
Tysm! Wow!
the magic you are looking for is in the work you are avoiding
Please and thank you Alex.
Alex you are incredible. I am so inspired every time you make a video. I have put the “if you have 3-4 A players then you’ll have a business beyond your wildest dreams” quote into action. I have 1 A player and 4 B-C players. Constantly running now hiring ads and interviewing like crazy.
I will have more A players as teammates in a matter of time!
I can feel it!!
Thank you
who's the A player?
Man... u need to share the CHEDDAR in options and profits. That's the carrot.
Stop selling the trading hours for dollars.
Get them to have skin in the game. (Business)
Hourly is a lazy mans play
@@RM-lk1so10k in cs2 rn 💪
Remember, your team must be a mirror of your own values and qualities. in order to really find the other A players, you have to look at yourself and then find others just like it.
🌠 Thank you @AlexHormozi! The wisdom you have shared in this presentation is excellent. Your talk has supported me to identify the constraints in my micro enterprise. Now I need to work out a way to resolve this as quickly as possible! 🙌
🌠Thank you for your reply @AlexHormozi - You shared one simple strategy in one of your videos (sorry I didn't comment there) that I am working on implementing. Thank you. 🙌
This is amazing conceptualisation and crumping the understanding into a understood nutshell answer beutiful
It’s my first year investing and man it’s hard to see my portfolio getting brutalized these weeks. However, a few investors I read about, even in the comments were able to make profits of over $350,000 in months. I must be doing something wrong. Please i need some hints on how to make actual gains.
The only wrong might be the strategy you're utilizing. My only advice is : Read some good books on investing, or just you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
This is why I've been in touch with a financial analyst ever since I started my business. Knowing today's culture the challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
@albatkobe HEATHER LEE LARIONI guides me. She works with Empower FinanciaI services. But there are a lot of independent advisors you might look into. For me, her strategy works hence my result. She provides entry and exit point for the securities I focus on
These scammers are getting too good, it’s scary
06:33 Being strategic and prioritizing is key to making the most money
13:06 Create leverage by getting other people's hours to work for you.
19:39 Build wealth through owning assets, not just earning income
26:12 Focus on strategies that get more customers, increase customer value, and ensure continued success.
32:45 Focus on improving little things over time to create big outcomes.
39:18 The key to success is to prioritize improving the actual product or service over marketing efforts.
45:51 Intelligence is the rate of learning, measured by the speed of behavior change within the same conditions.
52:21 To scale a business and generate more leads, simplify the operations, reduce costs, and focus on improving profit margins.
such a great talk!! the last few minutes are probalby the best part of the talk!
Please add cut outs 🙏 ❤❤❤
Some great nuggets here
I'm in my late 40s and using Dollar-Cost Averaging (DCA) for my TD investments. My Colleague sold few stocks, and re-entering the market is proving to be quite challenging. By the way, I also have my eyes set on owning a Dodge Charger, and there's absolutely nothing wrong with that.
Good job. You can survive years without touching your savings? How much do you make? And how do you split is amounts saving, spending and investing?
I have had some concerns about a few share price movements and the current situation of our economy has opened my eyes to the importance of a good mentor that can diversify an achievable life plan..
I am looking to get into the markets, does anyone have an adviser that has made any notable changes to their portfolio? I am in the market for one. how can you tell a qualitative professional/how profitable has it been for you?
My approach is primarily focused on maintaining liquidity, and we actively participate in money markets and currency trading. So, yes, I'm still engaged in the financial markets. Over the past two months, I've achieved substantial profits, and we consistently update my watchlist after rebalancing my portfolio. Currently, I possess a portfolio valued at $2 million, and she diligently manages all activities related to the account.
That is a liability. Not an asset. Its net loss
Awesome!!!!
This is gold!! Incredible
Thanks Alex
Adding aggregate value, adds value to your enterprise. And to your Brand as well.. Your Brand is the Value down the road.. at first your building onto it with assets... multiplying your value in the marketplace..
Great video !
Question… are you able to give me some advice on improving my Drywall & Plastering co.
We have 2 locations and are doing good .. but … we want to really take it to the next level and don’t know how
I have 43 dollars to my name after 30 plus years of compulsive gambling. I'll never know what it's like to have any real money. But I am intimately familiar with what it's like to feel sick and destroyed. 😢
Literally millions of dollars of value on a free video.
Alex is the GOAT
Great lessons 🫡
Thank you
I think I know exactly who you are talking about regarding the dentistry segment. Mark is a good dude.
Hahahah Alex your next stop really are Stand Up Comedy Shows. This was so educational and funny at the same time. Thank you.
Fk that. A representative of a state for a political representation of the people.
This can all be transferred to operating a Government agency.
CUT THE FAT.
Why are all your videos the best business videos on the internet? This is crazy.
There is no gem of information in this video. It’s redundant and circling. That’s the business model: keep their eyes watching and hoping for a glimmer of wisdom
Waiting for real content on marketing SEO like the things that really brings value
I've come to realize that the key to amassing wealth lies in making sound investments. I purchased my first home at the age of 21 for $87,000 and sold it for $197,000. My second home, acquired for $170,000, was later sold for $320,000, and my third property, purchased at $300,000, fetched $589,000, with buyers covering all closing costs and expenses. Not reaching a million before retirement feels like an unfulfilled goal._.,
I’m sick right now, stayed home because I work at a bank.. I’d rather be sick and have tons of money.. I’m watching the video :)
2 minutes in and there's already so much value
Huh
I'm building a cooperative corporation, similar to an REI, would you have advice based on this?
I'm working on a five year plan with two other organizations assisting in finalizing the plans for legal purposes.
Would love to hear your thoughts on this.
The problem is that people don’t actually know who “sucks” in software research companies. They get rid of the geniuses who know exactly what they’re doing, but that’s just my opinion and I put all my bets on it because I saw it happen to me.
Alex will be remembered as the GOAT of entrepreneurship!
I heard it explained that a company should be like a Team not a Family.
Okay I gotta know, where does he get his flipcharts from? I'm looking to buy one with the rolls of paper online and I cannot find it lol
Thanks!!!
I have the same business philosophy. Quality > The Rest.
You've probably heard of the Triangle. Pick 2. Speed, Cheap, Quality.
Everyone races to make things cheaper and faster. Its a race to the bottom.
What ever happened to Quality and service?
I know.
China.
THIS used to be one of my most watched YT channels... sadly, it's been a while since i visited it has been a very rough year... i am experiencing one of the toughest phases of my life... Lost a fortune lnvesting in emerging companies. Hopeful, for a turnaround.
500 Dentist at that company averaging 500k/yr? That’s such a big pile of shit I can’t even see the top of it.
An awesome, much easier way, is to hear me out Alex.
This THUMBNAIL , I’m weak. Let’s goooooo 🎉💸💸💸💸
Anyone know the name of the video where Alex lays down his sales team's habits. Something about starting at 6AM and role-playing.
It would be really useful to me right now and would be appreciated!
I'm not sure, but searching some keywords on his channel may help.
it's worked for me before
I’m using this for my band
One of the best business videos ever. Thank you 🙏
This was an amazing presentation. Also, 36:11 - LMAO
Dude is SO sharp.
One of those rare videos you wish you could hit "Like" twice on. Here is my comment for that. Its like music. Thanks Alex.
This a Ivey League Professor teaching Business.
Fk the Harvard and Princeton professor
Such a great presentation Alex!
Thanks man
Intelligence:
Speed of learning.
Learning:
Ability and speed to adopt change. Change of behavior
❤
great title
I like all the bad things that comes with money Alex
TH-cam is my start up and it’s definitely challenging
love the presentation :)
Hey Hermozi, was that Sarah that messaged you @ 19:00 😂
Please make “have you tried your sandwiches” tshirts that is gold💀💀💀
Opening my TH-cam every day to see if Hormizi uploaded a new one 😆
ABSOLUTELY.
Hes headed up my priority list fast
why did the camera man zoom out in 30min mark ? , i didn't understand that part
Really looking forward to trying this for comics. Hard to make money in comics. I think its because most artist suck at understanding buisness.
There are also a lot of artists. That doesn't help
@@MrBubbyG_Official that's fine. Make a few good comics. God willing get a following, hire artist to pump out comics at a faster rate then myself alone. Got a few one off ideas and long series. If I focus on writing and storyboard it will still be my vision at the core. Just have to make sure I don't suck.
@@junky802 as a manga fan, I would absolutely love to see how this pans out. But my question is there a paying market for this? If not is there a way to make it profitable?
@@athulyasurendran7639 I'm not sure how much $ can be made, but at a glance merchandise seems to make the big bucks. Spider man comics don't sell( due too mishandling property) but still makes a lot of money. This is more so a dream/passion but would obviously like to make money from it.
Dan Koe or Chris Do's Marketing content may be more tailored to this situation
Was lucky enough to be here live
great content, camera driving me mad
22:05 I died. What a legend.
Making a business more appealing to investors:
1. Make better “sandwiches”, better product
2. Improve backend (operations, logistics, costs, margins etc.)
- not focus on how to market better
3. Consolidate, simplify, systemize(make frameworks) ->this makes it replicable ->scale
Takeaway: eat your own “sandwiches”, continuous self diagnosis (look inwards!)
❤
It's about money, it's about health,happiness love, appreciateing
23:50 More>Better>New
there is no silver bullets, there are 100 golden BBs, which comes from youre should do list
@AlexHormozi big fan of your content. Here’s a question for you… As a fan and consumer of your content, I’ve heard the phrase mental masturbation thrown around… You put out extremely deep and fruitful wisdom on the daily…but as we all know, if we want to get to where we want to go we have to stop consuming and start -doing-. Question: Once we understand the lessons that your life and your brand can teach us, should the average user get off the scrolling and focus on what needs to get done?
It’s somewhat an odd question, your content pushes the audience to be their best selves and go for their entrepreneurial/life dreams….but once they get the point, they should put the content down and get going on their own grind. God bless.
nah strategy is what to do ABOUT your priorities - 'biggest bang for your buck' is a strategy, prioritization is a strategy, making money is a strategy - these are HOWs and priorities themselves are WHYs
WHY do you want to make that much money? making money just to make money is like eating food just to eat more food
Highly interesting...
Im glad you're doing videos again but it seems like something is missing in the explanation of the concepts you're trying to explain. I am probably not getting it and need more time with it.
I think intelligence is the ability to: Obtain, Retain, & Explain information.