When Is It Time To Actively Invest | Ep 311

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 22 June 2021

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s all about the timing. Today, Alex (@AlexHormozi) talks about the thought process of investing and some frameworks he used to help you know and decide when it’s the right time to invest. Alright, let’s get started…

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:

(2:02) - Think through the lens of opportunity costs

(4:51) - You should have six months to two years worth of normal living saved up. (Also, you can always take a loan against assets)

(5:37) - You should be investing a lot of your time and energy in growing your income

(8:25) - Continue to invest in gaining skills so that you can be more valuable to the company. Find ways to generate more money for the business

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Transcript

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0:00.0	Moisturization 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	I'm a big believer in continuing to take dividends out of a business as it continues to grow out.
0:21.6	And that's because you want to decrease your downtime risk.
0:23.6	Welcome to the game where we talk about how to get more customers, how to make more per customer,
0:27.1	and how to keep them longer.
0:28.1	And the many failures and lessons we have learned along the way.
0:30.5	I hope you enjoy and subscribe.
0:34.0	If I'm an entrepreneur and I'm growing my business month over month over month,
0:37.0	when should I, one, start taking money out?
0:40.0	And two, when should I start actively investing?
0:42.5	These are some of the questions they get most frequently with the entrepreneurs that I speak with,
0:46.5	who, depending on where their app they might have, you know, $500,000, $1,000,000, $2,000,000 in the bank,
0:52.2	and they're like, I'm not really sure what I should do.
0:54.1	And so what I wanted to do was walk you through the thought process that I have
0:57.9	or had around investing to give you a little bit of some frameworks to think through
1:02.3	that helped me make the decision making process lot easier.
1:04.9	So first off, I'm a big believer in continuing to take dividends out of a business
1:09.1	as it continues to grow.
1:10.1	And that's because you want to decrease your downtime risk, right?
	...

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