4.9 • 4.4K Ratings
🗓️ 31 May 2024
⏱️ 27 minutes
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"The single greatest and most valuable skill that a human being can have is the ability to come to their own conclusion..." Today, Alex (@AlexHormozi) shares his strategies for achieving a net worth of over $100 million through smart investing and value generation. Learn how the ultra-wealthy build their fortune with unique insights into income generation, passive investing, private equities, and the importance of selecting high-leverage opportunities.
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:
(0:33) - The four strategies of the ultra rich explained
(10:13) - Scaling down billionaire tactics to achieve a $10 million goal
(16:55) - Common themes across wealth-building strategies
(18:07) - Debunking the Warren Buffett strategy myth
(20:40) - The ultimate wealth-building advice
(27:02) - Conclusion
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0:00.0 | How the Ultra Rich Get Rich and Avoid Taxes Legally. |
0:03.6 | And if you don't know who I am, my name is Alexramozi. |
0:05.5 | I got my first $100 million by age 32. |
0:09.8 | And I did that by taking $42 million in distributions from my first big company, |
0:14.8 | Jim Launch, and I ended up selling that company for $46.2 million. |
0:18.2 | I reinvested that 42-ish million in distributions into a portfolio of companies that today at |
0:24.0 | acquisition.com just over $200 million a year and so that's my evidence to why I |
0:29.1 | have something worth saying about this. Now that being said I'm going to split this video into two |
0:33.4 | parts. One is the four strategies that the ultra-rich use in order to get wealthy and |
0:37.2 | then the second half I'm going to explain how you can use those same four |
0:40.6 | strategies to reverse engineer a $10 million goal. |
0:44.6 | And the reason I use $10 million as the net worth goal is because $10 million at |
0:48.6 | four or five percent per year, which would be basically a risk-free investment strategy, you'd be able to live like the top 1% in today's market. So you could move these |
0:56.9 | dollars up as dollars get inflated and all of that kind of stuff. But for now, these are the big four strategies and so these |
1:04.2 | developed over time as my understanding of money improved and so for me I now |
1:10.0 | want to make a billion dollars or at least be worth a billion dollars. |
1:15.1 | Ha ha lots of zeros. Okay so the first version of this that I thought in order for |
1:20.6 | me to be worth a billion dollars was to make 1.5 billion dollars, I know a lot of |
1:29.6 | zeros, in income. All right? Because after taxes, which would be 67 person taxes in the US, which is the |
1:38.6 | highest federal tax rate that you can, that you have to pay, you'd be left with $1 billion overall post-tax. |
1:46.1 | Okay, that's the zero leverage version of making money. |
1:50.4 | So this is just income generation. All right, V2 of this is thinking, okay, well if I make a billion dollars or I make income every year, I'm going to invest a certain percentage of that income into making money for me |
... |
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