meta_pixel
Tapesearch Logo
Log in
The Game with Alex Hormozi

3 Ways To 10x Your Income Next Year | Ep 802

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.94.4K Ratings

🗓️ 10 December 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

Welcome to The Game w/ Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned and will learn on his path from $100M to $1B in net worth.

Wanna scale your business? Click here.

Follow Alex Hormozi’s Socials:

LinkedIn  | Instagram | Facebook | YouTube  | Twitter | Acquisition 

Transcript

Click on a timestamp to play from that location

0:00.0

When I was 17, I was making just over $6 an hour working at a smoothie king.

0:05.0

At 21, I got to $30 an hour working at a consulting firm.

0:10.0

At 23, I was able to get to $250 an hour when I started my own business, my first gym.

0:18.0

At 26, I got to $2,500 an hour, so another 10x. And then at 28, I got to $18,000 an hour,

0:27.2

and I've continued to grow from there. I want to walk you through three different ways that you

0:31.4

can 10x your income for real. The first way to 10x your income is through something called

0:35.8

arbitrage. An arbitrage is simply buying and selling assets between two different markets and making the difference.

0:41.3

And that's how you make a profit.

0:43.3

And so arbitrage is just a fancy word that means buying and selling between two different markets

0:48.3

and capitalizing on the difference in price for the same asset.

0:52.3

Now, there's a lot of ways that you can arbitrage.

0:55.0

So this applies for both businesses and employees.

0:58.0

Now, if you've been in import-export businesses, a lot of them function off of arbitrage.

1:03.0

The entire financial sector is almost built on arbitrage, which is, can I buy a stock for a certain price and then sell it later?

1:10.9

And that's where you have options trading and all these other types of things

1:14.1

that banks and financial institutions will make hundreds of billions of dollars a year on.

1:19.9

And so at the most basic level, all business actually comes down to some sort of arbitrage.

1:25.2

Because even if you have a skill difference from someone else,

1:27.7

you have an information advantage.

1:29.4

And so the arbitrage you have is that you know how

1:32.4

to do something for less than it costs someone else to do it.

1:35.3

And so they pay you to do that thing.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Alex Hormozi, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Alex Hormozi and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.