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The Game with Alex Hormozi

How I Would Invest $1000 If I Were In My 20's | Ep 429

The Game with Alex Hormozi

Alex Hormozi

How To, Education, Entrepreneurship, Business

4.94.8K Ratings

🗓️ 1 September 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

You have to duplicate before you replicate. Today, Alex (@AlexHormozi) shares with us a very simple but effective mindset shift when it comes to where you should be investing your money, what you should look for when getting mentors, and the long-term benefits of skill stacking.

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 on his path from $100M to $1B in net worth.

Timestamps:

(1:44) - Investment decision crystallizes income growth belief.

(3:08) - Making money: Provide value, solve problems for others.

(7:31) - Investing steps: Save, invest surplus, enhance earning capacity gradually.

(10:29) - Learn from experienced, credible individuals. Duplicate before replicating.

(13:59) - Measure progress in skills before dollars. Build skills foundation.

(17:42) - Learning skills exponentially grows, leading to increased compensation.

Follow Alex Hormozi’s Socials:

LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

Transcript

Click on a timestamp to play from that location

0:00.0

Mozination real quick, if you are a business owner that has a big old business and wants to get to a much bigger business,

0:06.1

going to $50, $100,000 plus we would love to talk to you.

0:09.5

And if you like that or would like to hear more about it, go to acquisition.com and you can plan anywhere on the page

0:14.4

and talk to one of our team and see if we can help you get there.

0:17.7

Whether you are a business owner, you are an employee, you are the owner of you, and you have customers.

0:23.6

If you're an employee, your customer is your boss and the business.

0:26.8

And to be fair, if you're a business owner, you have two customers.

0:29.7

Do you have the customers who pay you and the customers you pay?

0:32.5

The wealthiest people in the world see business as a game.

0:35.6

This podcast, the game, is my attempt at documenting the lessons I've learned on my way to building acquisition.com into a billion dollar portfolio.

0:41.6

My hope is that you use the lessons to grow your business and maybe someday soon partner with us to get $200 million in beyond.

0:46.2

I hope you share and enjoy.

0:47.7

I was at Brooks House and she had like seven, 20 to 23 year olds at her house.

0:53.6

Alright, and so they were working like kind of interns for the summer, like making social media for her.

0:58.2

And so they asked me one morning, one of the guys was up early and he had a job at like some financial thing.

1:04.5

So he was doing like private wealth management calls trying to like build his book of business.

1:08.0

And he was like, so, you know, I've got my 401k and I've got, you know, whatever stuff and it was cute.

1:13.0

And the thing is is like, I'm guessing he's making 60 to 80 thousand dollars a year.

1:18.1

That's my, that's my guess.

1:20.0

And he was like, hey, you know, right now I've got a thousand extra dollars.

1:23.2

Like, where do you think I should invest it?

1:25.1

And it was so interesting to me because like the perspective from what she was asking,

...

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