This Is How My Mentor Set Up My Wealth | Ep 362

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 11 January 2022

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Set yourself up for WEALTH! Today, Alex (@AlexHormozi) talks about the advice he got from his mentor on how to set up his entrepreneurship journey towards the path of success and wealth with insightful tips!

Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.

Timestamps:

(1:12) - Analyze your decisions properly with these two things you can do with your money: either buy or lend and get interest. Here are three ways to decrease risk lending: Stack of capital, Transparency, and Liquidity

(3:00) - Take note of these four pieces of investment - Equity Growth, What is the yield?, Tax advantage, and preservation of capital

(5:17) - Lay out the foundation into buckets: Looking at indexes, multifamily real estate, cash/spec. These are a “preservation of wealth strategy”

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Transcript

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0:00.0	Real quick, you guys already know that I don't run any ads on this and I don't sell anything.
0:04.6	The only ask that I can ever have are you guys that you help me spread the words.
0:07.8	We can have more entrepreneurs, make more money, feed their families,
0:10.9	make better products, and have better experiences for their employees and customers.
0:14.9	The only way we do that is if you can rate and review and share this podcast.
0:19.4	The single thing that I have to do is leave review.
0:21.9	I'll take you 10 seconds or one type of the thumb.
0:23.9	It would mean the absolute world to me.
0:25.2	More importantly, it may change the world of someone else.
0:28.1	My mentor sold his company for $3 billion and I asked him,
0:32.3	how should I set up my wealth?
0:35.7	Welcome to the game where we talk about how to get more customers,
0:38.0	how to make more customers, how to keep them longer,
0:40.0	and the many failures and lessons we have learned along the way.
0:42.4	I hope you enjoy and subscribe.
0:46.9	My mentor sold his company for $3 billion and I asked him,
0:51.1	how should I set up my wealth?
0:52.8	In this video, what I want to talk about is one of the many components that he broke down for me
0:56.7	in terms of how I should set up my wealth and my investment as an entrepreneur.
1:01.8	Everything I'm going to break down is based on what that conversation was and what he explained to me.
1:06.7	So right off the top, he was like, listen,
1:09.1	there's only two things that you can do with your money.
	...

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