No BS Advice to Get Rich in the Next 10 Years
ฝัง
- เผยแพร่เมื่อ 15 ก.ย. 2024
- 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.
Want to SCALE your business? Go here: acquisition.com
Want to START a business? Go here: skool.com/games
Hey Brother!
You said skool games is free in the video
But they are paid😔
@@pizipola3618 It is a free 14 day trial. And then it is $99/month.
You prove sex sells
Q
“Only listen to people’s advice whose dreams for you are bigger than your dreams for yourself.” Great line
money loves speed, wealth loves time, poverty loves indecision. 🤯
Buy time like a rich person
Buy stuff like a poor person .
Poor people buy expensive stuff. lol. That they can’t afford. Hahaha
Who’s buying the Ferraris then? Broke people? It’s cope. Being stingy doesn’t make you some wealthy intelligent guy. Sure, when you’re poor, don’t buy expensive shit. But if you’re not dead broke, buying $100 shoes ain’t gonna ruin your life.
Regardless of what your opinion on this is, rich people have money to spend, that’s what you have to strive for.
@@MrTaker_ : How much you love what you do can make a bigger difference.
@@MrTaker_that’s a cool goal of urs but people got their own goals
@@MrTaker_ this dude runs a pyramid scheme. I have no idea how he got so popular.
I used to work at Home Depot stocking shelves in college making 8 dollars an hour. I used to think people that bought redbull were rich. I couldn’t comprehend working 45 minutes for a drink.
We went from 5 figures to 7 figures thanks to Alex Videos!!! Y'all drop all mentors and business books and DO EXACTLY WHAT THIS GENIUS TELL YOU!
Interesting.
what key things did you implement... I need to shake my business blow-up, many thanks up front. my company is Appliance repairman
@@richardsaupe mainly core 4 and CLOSER FRAMEWORK. Bro, pure magic I’m telling you
That’s amazing! I am working on getting my contractor license and should have it sometime by January (fingers crossed) and would love to get in touch with you to get some startup advice and see how you applied Alex’s strategies to scale your business.
@@richardsaupe mostly the core 4 and the CLOSER framework
Sometimes I want to cry with gratitude for how generous Alex is with sharing all he’s learned
6:50 the million dollar contract to get rich in 5 or 10 years
9:45 giving equity early on is one of the biggest potential losses of wealth. Be very careful about partnering.
22:00 you get to keep what you’ve learned and your experiences.
36:20 only listen to advice of people who have bigger dreams for your life than you
43:00 wealth you get is the wealth you create for others * how many other people can do what you do * the slice of wealth you can negotiate of what you create
You’re a godsend 🫡
Thank you!
we are so blessed that we live in a time were Alex does free Videos on TH-cam about knowledge , that 20 years ago would have costed you multiple Millions to acquire
All these finance TH-camrs just repeat the same thing over and over but I'm glad because I need this shit drilled into my brain.
Bro just turned no bs into a series
I build responsive and stunning website.
Dan Kennedy doeee
inspo from marketing legend dan kennedy
@@joeymcilvain hey I didn't even realize that.
Dan has great books btw
@@michael_digits I'm also a dev u know
2 - 2:53
3 - 6:07
4 - 9:11
5 - 11:25
6 - 12:51
7 - 15:09
8 - 16:35
9 - 19:07
10 - 20:05
11 - 24:03
12 - 27:40
13 - 29:12
14 - 32:15
15 - 36:44
16 - 37:33
17 - 40:07
18 - 41:41
19 - 43:22
20 - 45:24
Thank you so much!!
you made the road a better place with this one
GOAT
Am a simple man. Alex posts a video, I stop what am doing. Go sit alone with no distractions and watch the video.
You should go watch his video on multitasking lmao jk jk
You gotta start doing more important tasks then brother
Notebook ready
Instead of just sitting alone doing exercise while listening Alex is top tier
Take notes to extract the gold.
For all the young people out there, we're very lucky to have Alex's content 😀
key phrase young people. otherwise the same regurgitated crap just to get him to sell you a product, his book.
Core principles I picked up:
-Investing in yourself is a better bet than investing in stocks etc.
-Work for skills, not big money in your youth.
-Make it hard to spend money, easy to make money.
1. Great advice, harder to implement
2. Great advice, hard to implement in a world where you cannot be working for minimum wage just for the funzies cause a youtuber said it is going to make you rich.
3. "make it easy to make money" - I dare anyone to bring up but 1 actionable strategy on how to accomplish it.
This dude fixing the entire ecosystem of young entrepreneurs. Bravo Alex 👏👏👏 you and Leila create the best business content 💯💯💯
How exactly is he fixing it? Advice such as this has been around for ages....
best advice to get rich is stop watching youtube videos and start taking action.
Especially these same old same old BS pieces of advice
"OMG, this is awesome", definitely the feeling you get once you get addicted to personal growth and development instead of buying stuff 🔥😊
I just gotten to know you in the last year Alex and I too have lost quite a bit of money through bad partnerships and decisions. I listen to you and what I love most about you is your brutal HONESTY! Thank you so much for that HONESTY!
Alex you should publish a dictionary. I love these simple definitions of vague terms.
Learning: same condition, new behavior.
Intelligence: rate of learning.
Sadness: perceived lack of options.
Anxiety: many options but no priorities.
Patience: ability to figure out what to do in the meantime.
I went from debt to €120.000/month thanks to notifications for Alex's content.
awesome! howd you do it?
@@multivideos951 watch alex video ... how becomes a question you forget
Time frame and business model?
@@multivideos951 By focusing on value based pricing, optimizing offers, and refining my sales process, I was able to rapidly scale up.
After reading his books, I realized my offers were honestly - SHIT. I was
1. Charging too low
2. It didn't have that mass percieved value offer
3. I did use Grant Cardone's omnipresent marketing
4. I built a team of affiliates- successfuly by giving THEM mass value for their work at the expense of my short term profits, but Alex taught us it is a long-term game
5. Should've been No.1 - I started looking at business in LTV, conversions, performance, etc
6. I hired people(I used to work for 14-16 hours a day for barely €10.000), hiring gave me more time to focus on my own development and more importantly development of the company.
7. Patience, it didn't happen over night really.
8. Refferal programme
9. Gifts for customers
Next? Mass Q4 marketing saturation with traditional media ads, paid ads, banners, influencers and restarting affiliates but this time Europe wide. I have a guerilla marketing strategy set in place(I will pay a €10.000-15.000 fine for that, but exposure will be enormus)
Important!!
I had previous connections I started leveraging to make more connections, I am in business since 17 years old and I do have my own list of do's and dont's and experience, I ran to the ground quiet a few businesses, but kept moving on.
Hope it helps, but still do watch his content.
@@multivideos951 I also studied a lot of Joseph Sugarman, Claude C. Hopkins, Schwartz, Ogilvy and other marketing legends (Sugarman then is what brand story telling by Muller is today - basically).
Good video,I picked up the book today and I can say that everyone should give it a chance, unrevealed money methods borlest
Goat BOOOKKK
33:44 This is the first time I have heard of this nuanced point being made. We say we want to be like X rich person, but that's not who we compare ourselves to when we make decisions. It's usually our friends or family. Guys, stop comparing yourself to friends or family and listening to them if they are not where you are, especially when you already feel like their opinions are wrong.
I needed to hear this. Yesterday I was complaining to my dad about American corruption and how I want to change the world and fight the injustices and how nobody will join forces with me to fight it, only complain in comments and expect the world to change.
He responded, “well I’m not going to do a single thing about it. I already served 30 years for my country (in the Air Force, mostly reserves until he was activated after 9/11 and worked at the base stateside) for all these people so I did my part and I won’t do anything else for this ungrateful country.”
I said “that is the exact attitude I’m complaining about. Nobody wants to lift a finger to fix the problems and yet they complain the problems still exist.”
I will make a change in this world. Mark my words.
“You don’t have to be great to start, but you do have to start to be great” ZZ
"you don't need to live to breathe, but you need to breathe to live"
I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, joanna claire focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed Broker and a FINRA AGENT in the United States.
You trade with joanna claire too? Wow that woman has been a blessing to me and my family
I’m new at this, how can I reach her?
I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.
I'm and under skilled and under lived 39 year old. I spent 20 years investing everything I had into 'the game' with things not working out. I have not lived since I was a kid and had not nothing to worry about. I've developed a 'cant spend money on memories' mentality. You don't want to get caught like me in the middle. Choose one and hope it works out better then my experience.
Bro's dropping so much value I randomly went to like 17 minutes to see if I could talk myself out of watching the video and got like 4 gems in 12 seconds. Goat
Name but 1 gem you found in the video...
This is the best style of video that you do... Please do more of this. Thanks.
Agreed 💯
All his business content is fire 🔥
9 failed partnerships.. there is no secret. Perseverance.REALLY REALLY Want it. It's the non negotiable of that game.
I really really really really really really want a million dollars. So....where is it? Im waiting...
Everytime Alex Hormozi shares his massive amounts of failure and mistakes. It helps me believe that I can go from being absolutely, and utterly shit at something, and through hard fucking work, become great at it. This isn't something most influencers/educators/gurus do. And it's something I highly respect about Alex. It takes deep security within yourself to share things like that. Thank you sir.
This video gonna feel like I paid a 1000$ for an online course
Glazing
@@nsinc965yes but rightfully so. Alex is giving advice people used to pay thousands to hear live or in webinars. His business model is to give free advice on making money to grow new clients in 10+ years, so he gives this out for free because he makes more doing what he's doing than if he charged you to hear this stuff. That's revolutionary in this field and worthy of praise
@@nsinc965
Nah, it's not glazing, this info is kind of priceless, and very concise.
It's especially valuable if you actually go and apply the things he says.
Some people will claim this is obvious or basic knowledge, but they don't have a $500 M + company, or anywhere near that in fact, soooo...yh
Typically Hormozi 😂
...and it was completely not worth it, right?
First time listening to this guy and I can tell its raw experience from pain and gain - SUBBED
ROFL. sure, buddy, sure
Alex you hit it with partnership, as I also lose money in Partnership that I gave up nine months ago now. I have started my new business 7 months ago and I feel so excited and happy to be a solo entrepreneur.
I learn so much from you that every video of you i saw i watched because you are my mentor.
That’s awesome brother! Well done
I am from Bangladesh. We had a lot of situations recently. So I couldn't watch your videos for the last two months. Now I am starting again...
Hey there! I'm from Bangladesh too. Good to see you here! @ms.flawed
How didn’t I find you in younger days of my life. Still got time to become a millionaire.
This is the first podcast of Alex im listening to and this has changed my perspective literally.
Keep up the good work.
How exactly has it changed your perspective? What new thing that you implemented did it teach you?
Alex, im 19 years old from South Africa about to make some real money leveraging all the knowledge I have acquired from your videos. Thank you 🙏
With the rise of people like Alex, Leila, and others like them, is paying for those 10k and 25k classes worth it anymore? It seems like there is so many free or cheap options online now.
Free is great but ...
Lots of health magazines have the secret of rock hard abs. If the information alone was enough, everyone would have perfect abs.
When you get pay for the right coaching, you get personal attention, personalized training, detailed feedback and solid accountability.
This increases your odds of success far more than some free information.
@@raymondhegartyipstrategy7490Technically, everyone has abs... the trick is losing enough body fat to see them. Heavy abs need a trainer.
There are significantly more free resources online than there have ever been before. I don't recommend college for simple coding anymore 'cause if you have the skills necessary to do those jobs, you definitely have the ability to find everything you need online for free or for less than $1,000.
The age of information is accelerating...
@@raymondhegartyipstrategy7490
Exactly.....
Knowing the path and
Walking the path
Are two very different things
Who is like them
can confirm, very worth it. literally breathing the air and seeing how they move, speak, interact.
I went to their workshop in Vegas, will be going back soon.
paid $5k with 10k in savings. imagine giving away 50% of what you have to your name in liquid lol. it was 100% worth it. changed my life.
not all events are going to be like theirs though frankly, but even in the bad ones you learn what not to do. or even a sense of, "if these literal morons could do it, so can I"
How do you even pack all that information in one video 😮 this is absolutely no BS Alex talks from his heart. Thanks for sharing this knowledge Alex
a chatGPT prompt can do that, you know?
Transaction costs? Time value of money? Savings leading to new opportunities? Bro reads economics including Austrian 🔥
These concepts aren't unique to Austrian Economics.
A breakdowns of Alex.
-Push out an insane amount of content (valid or nonsense ... doesn't matter).
-Sell the money dream and him as the guru.
-Lead funnel into "Access with Alex" which is...
-...$100K speaking fees and discounted equity in businesses.
-Keep doing gear, juice, and TRT until your body looks like it will pop.
-Bathe in the praise of 21-year-olds calling you a genius.
-Repeat.
...and buy tons of bots to make your comment section look like you are actually doing something :D loved your comment btw! glad people see through this BS
After 8 years of working 80-100hr weeks, I now just kick my wall in every couple of weeks and pray to God this terrible entrepreneurial nightmare ends.
This the ONE Alex. THANK YOU. 🙏🏾. This 45 minutes video is packed with life changing information. “LEARN HOW TO MAKE MONEY, before you can learn how to make your money make you money.” 💰. Be patient! Building wealth takes time.
Loved the 5-9 9-5 line. If the earliest hours are the best hours, it's time to switch sleeping schedules around so I can actually work towards something I want while also have a fulltime job in the meantime.
And for THIS you needed to watch a video??
Making a 45 minute advert for your product valuable is a real skill. 👏👏
10/10 snakeoil salesman strategy old as time
I’ve been a supervisor, manager or owner my entire adult life - so 32 years- I’m in one right now but I would never enter a partnership again. It is rare that you’ll both be in the same book let alone the same page.
The cost of being comfortable today is being uncomfortable for decades 🎉
Alex you're the goat. You're really getting down to the nitty gritty of what will actually wake people up to change. This is really high quality content thank you
Love the advice about not buying anything you can't afford twice.
It's a smart rule that really helps in maintaining financial stability.
- associate the pain it takes to earn the money with the thing you are debating purchasing to establish whether it’s worth it
- Most people over estimate what they can accomplish in a year and underestimate what they can accomplish in 10 years
- Confront your reality and then your reality will start to improve
- Your highest expense is ignorance
- You don’t want to love money, you want to love making money
- The love of money is the root of all kinds of evil
- It’s the stack of skills together that create the uniqueness (skill set)
- Money loves speed, wealth loves time, poverty loves indecision
This is exactly what I needed to hear. I'm so guilty of overspending and trying to buy status. Your approach to automating investing and making spending difficult is genius. I'm going to start implementing these rules immediately. Thanks for sharing your hard-won wisdom!
You needed to hear that you overspend and that you should start automating things? wow...truly wow...
0:58 - "Get Rich Slow" (said the thumbnail). Love that. Yes, and double triple yes.
as opposed to "get rich f*cking quickly you lazy morons!" you mean? yeah...makes sense.
So many things I think and do, but I’m either missing something, or this is just the time that it takes to grow and build. Time to buy my way into some rooms I think!
random chatGPT comment is random
Man this is gold. Thank you so much for putting this content out for free
"the pain that you go through in the moment often becomes the purpose you look back on in your life"
unless it is a stubbed toe
The truth is that Alex loves the money game - that's why he's so good at it.
If you don't love the money game, you're not gonna work as hard - which means you won't get as good, and won't make much money.
And that's OK. Go find the game that you love, and accept the life that comes with it (ie less money).
The issue is when people THINK they want to play the money game, but half-ass it and end up feeling miserable AND they're still broke.
This was so good that I’m using it as a frame work for family meetings with my wife
ROFL ! :D :D :D :D best nonsense comment ever!
It’s interesting to see your content team experimenting with the video.
The shutter speed is cranked up so high it almost looks like stop motion
I noticed that as well
I didnt notice this until you commented... interesting. Do you like it?
@@AlmightyChubb not really, for me it was a little jarring, but it’s because I do a lot of film work.
It might not even bother most people.
Oh my god hormozi, you always knew somehow what exactly your audience wants, enjoyed it to the fullest man. Thx
I just wanted to say when I saw the pic and you mentioned Rich I made and assumption about you and I want to apologize because this was a lot of solid advice.
3 Options
5000/M - Skill Selling
8000/M - Job
2500/M - Job but in 3 years will 10x your value
What we are investing in ourselves is time, experience, effort and skill is outcome
The pain that u go trough in the moment often become the purpose that u look back on in ur life
I hate checking my bank account - I can't even remember what I'm subscribed to. I'm going to start finding out what all these charges are and get to the bottom of it. Alex, thanks for the video!
Cancel card, or change numbers. Anything not going off your bank account number will drop, and you will know if you care about it when they reach out for payment or you try to use the service.
Love you Alex! Way too much value. No one else is giving this much value on this platform!💪🏾🔥
ALL this knowladge in this video is what i will be showing my future kids alex ... this is exactly alot of stuff i learned because thanks to YOU.
The intro is so good on this one, can see a new viewer being hooked instantly
This guy released so much content it's crazy
Thank you Alex for providing gold advice as always.
Alex, as always, dropping some real bars 🔥!! Oh my... this is great! Thanks Alex. (By the way, I really like the fact that you say "Get Rich in the Next 10 Years." For some reason, now, hearing long time frames makes me very excited, haha.)
Thank you Dr Ron Paul 🙏🏽
I've had it all and lost it all 3 times, clearly, I'm not as smart as Alex or my behavior would've changed faster to match the knowledge I had aquired. This was an amazing video.
So many golden nuggets in this! Had to rewind so many times. You are truly remarkable Alex! Straight facts 🔥
Best video so far. Delivered with energy, wisdom and compassion.
Something you can concider as well, he said it indirectly, if you can find a Job that is yearly Salary based, not hourly and if you can take less time to do that job.
I work about 6h a day with a more then excellent yearly salary for my area, i can use the extra time to do more things gain expertise in something else, basically do whatever else to help increase your income or skills that will lead to a better income
this is pure gold, i´m so glad this video was uploaded, watching it while trying to escape the rat race, saludos desde Morelia
That whole video felt like a nice slap in the face thank you Alex
I weigh myself everyday and at first I thought it would affect me emotionally but it turned out to be extremely empowering. Im also not so qnxious when I get on the scale and Im making healthier lifestyle changes.
you are the harvard on steroids ! i cant thank u enough for ur efforts in bringing this valuable content to us for free. respect !
he literally is on steroids tho :D
Let’s just say Alex got the secret sauce of hard work and dedication. Either way, their talent is impressive, and I’m here for the show!
@@Luna_mofire Talent for what exactly? For talking rubbish and regurtitating ideas of other people that have been around for ages? Not really a secret sauce Im afraid...
Buy time. Not stuff. Hit me hard.
Until you realize you need money to buy time so...not really helpful.
Thank you, Alex. The world is a better place because you are wealthy!
at 26:20 you spent $6k for 8 hrs...but you could have spent $5k for a month. What am I missing? I guess you didn't get much in the monthly version vs the 6hrs one on one...is that it?
Thanks for sharing all the great advice and tips.
Hitting dislike so that my ops get BS Advice from other fake business gurus.
😂
😂😂😂
😂😂
That’s just stupid lol
You have the wrong mindset.
Thank you for taking the time to share. Love all of your content
Alex, you are the "Business Messenger". Preached! Amen!!
🛑 Stop scrolling! Actually, watch Alex’s videos, the. Stop scrolling and start doing!
This is officially the most important video I ever watched
Alex is like a machine of fitness examples
you mean the stupid, dangerous kinds of fitness examples? yeah, spot oon!!
HORMOZI FOR PRESIDENT
Best 45 minutes I’ve heard in years
Brand New Channel Here!! These insights are great as always! Reminder that nothing worth having comes easy!! 🎥😎👌🏼
Steps to be rich:
1. Be him
2. make others buy nonsense books and products
3. make endless youtube videos on how it is easy to be rich
bro is the king of bots anyway.
@@inihilisme1511 yup
I literally made a video on this same topic on my channel. And this video just got recommended to me, this is so crazy 😂
Can't believe I'm listening to this for free
wow, you explained it like a BOSS Alex. Thank you, much love from 🇲🇽
Wow. This resonates so deeply right now. Thank you for sharing your wisdom.
Smashed that like and then smashed it again but you can't go 2x so then smashed gain!
Thanx Alex, I particularly loved the part at the end about what Determines value in the market place. What you do, How well you do it. And how easily replaceable are you in that skill.......I may be saying it more like Dan Kennedy. But the way you said it sticks better.
Amazing advice. Thank you for making this.
MONEY loves speed, WEALTH loves time, POVERTY loves indecision. --- BOOM!!!
This guy looks like yash please do podcast with KGF yash we want it
Accept button=high demand ❤❤