This is How You Make 1 Billion Dollars... | Ep 449

The Game with Alex Hormozi

Alex Hormozi

How To, Business, Entrepreneurship, Education

4.9 • 4.8K Ratings

🗓️ 18 October 2022

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

What does it take to own a billion dollars? Just money? Investments? Hard work? Today, Alex (@AlexHormozi) shares with us the truth behind becoming a billionaire, the misconceptions around it, and how thinking in magnitudes in order to reach this goal will help you in the long run.

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:

(1:47) - Misunderstanding: You own, not make, a billion dollars. Alex's perspective.

(4:45) - Becoming a billionaire requires full-time dedication and profit focus.

(7:13) - To be a billionaire, own something worth a billion, think big.

(8:51) - Steps to make $700 million/year: scalable opportunities, large market, high margins.

(10:06) - Clarification: You don't make 1 billion; you own it. Math example.

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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 not 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.
0:28.2	The reason that a lot of the wealth in the world sits with financiers is because they can say,
0:32.0	hey man, just give me a billion dollars and I'll just make you 10% a year on it and they know how
0:37.4	to make 15% a year and they make that extra five on a billion and they take home 50 million
0:42.6	a year and they're like, works for me.
0:45.6	The wealthiest people in the world see business as a game.
0:47.9	This podcast, the game, is my attempt at documenting the lessons I've learned on my way to
0:51.3	building acquisition.com into a billion dollar portfolio. My hope is that you use the lessons
0:55.2	to bring your business and maybe someday soon partner with us to get to a hundred million
0:57.8	dollars and be on. I hope you share and enjoy.
1:01.2	So I was at dinner the other night with a business owner who's doing five million dollars a
1:04.4	year top line, about two million dollars a year in profit. And she was talking about how she was
1:09.0	thinking about moving to Puerto Rico. She went there at sucked. And now she was living in a higher
1:13.3	tax state. And she was like, I would live in California, but like I just don't want to pay the taxes
	...

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