This Is How My Mentor Set Up My Wealth | Ep 693

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 3 April 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

“It's always never lose money.” Today, Alex (@AlexHormozi) shares effective wealth management strategies for entrepreneurs, focusing on long-term growth and capital preservation. He discusses key lessons from building a billion-dollar portfolio, emphasizing strategies like yield, equity growth, tax advantages, and risk reduction through diversified investments.

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:

(0:49) - The fundamentals of investment

(2:41) - Understanding investment yield and appreciation

(3:23) - The importance of tax advantages and capital preservation

(4:47) - Breaking down the wealth allocation strategy

(5:33) - The three main investment buckets explained

(9:18) - Leveraging indexes for low-risk, high-return investments

(10:35) - The entrepreneurial approach to wealth management

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(This episode is a re-run. Original airdate was on January 11, 2022)

Transcript

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0:00.0	I think the economy is going to go over the long term.
0:01.7	And so I want to just preserve my capital
0:03.6	and not have to think about it.
0:04.6	So I can immediately allocate the cash.
0:06.8	And this is something that people don't talk about.
0:11.6	The wealthiest people in the world see business as a game.
0:14.0	This podcast, the game, is my attempt at documenting the lessons I've learned on my way to building
0:17.4	acquisition.com into a billion dollar portfolio.
0:20.0	My hope is that you use the lessons to grow your business and maybe someday soon partner with us to get to $100 million and beyond.
0:25.0	I hope you share and enjoy. My mentor sold his company for $3 billion and I asked him how should I set up my wealth.
0:37.0	In this one I talked about it is one of the many components that he broke down for me in terms of how I should set up my wealth and my investment as an entrepreneur.
0:44.0	All right? And so everything I'm going to break down is based on what that conversation was and what he explained to me.
0:49.5	All right? So right off the top, he was like, listen, there's only two things that you can do with your money
0:54.0	You can either buy stuff with it or you can lend it to people and get interest on it. That's it
0:59.2	All right and so once you understand that those are the only two things you can do
1:02.4	Then you can do,
1:02.8	then you can start analyzing your decisions appropriately.
1:05.2	It's like from a risk perspective, all right?
1:08.0	These are the ways that we decrease risk for the investments,
1:10.3	especially if you're lending.
1:11.6	The first is that we make sure that you are the top of the
1:14.1	cap stack. All right? Capstack just means the stack of capital. So if you have
	...

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