10 Ways to Make $1 Million if You're BROKE
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- čas přidán 22. 10. 2022
- Want to SCALE your business? Go here: acquisition.com
Want to START a business? Go here: skool.com/games
If you’re new to my channel, my name is Alex Hormozi. I’m the founder and managing partner of Acquisition.com. It’s a family office, which is just a formal way of saying we invest our own money into companies. Our 10 portfolio companies bring in over $200,000,000+ per year. Our ownership stake varies between 20% and 100% of them. Given this is a YT channel, and anyone can claim anything, I’ll give you some stuff you can google to verify below.
How I got here…
21: Graduated Vanderbilt in 3 years Magna Cum Laude, and took a fancy consulting job.
23 yrs old: Left my fancy consulting job to start a business (a gym).
24 yrs old: Opened 5 gym locations.
26 yrs old: Closed down 6th gym. Lost everything.
26 yrs old: Got back to launching gyms (launched 33). Then, lost everything for a 2nd time.
26 yrs old: In desperation, started licensing model as a hail mary. It worked.
27 yrs old: "Gym Launch" does $3M profit the next 6 months. Then $17M profit next 12 months.
28 yrs old: Started Prestige Labs. $20M the first year.
29 yrs old: Launched ALAN, a software company for agencies to work leads for customers. Scaled to $1.7mmo within 6 months.
31 yrs old: Sold 75% of UseAlan to a strategic buyer in an all stock deal.
31 yrs old: Sold 66% of Gym Launch & Prestige Labs at $46.2M valuation in all-cash deal to American Pacific Group. (you can google it)
31 yrs old: Started our family office Acquisition.com. We invest and scale companies using the $42M in distributions we had taken + the cash from the $46.2M exit.
32 yrs old: Started making free content showing how we grow companies to make real business education accessible to everyone (and) to attract business owners to invest or scale their businesses.
34 yrs old: I became co-owner of Skool.com to help the many people who want to start a business online do so.
Today: Our portfolio now does $200M/yr between 10 companies. The largest doing $100M/yr the smallest doing $5M per year. Our ownership varies between 20% and 100% ownership of the companies. Many of them we invested in early and helped grow (which is how we make our money - not youtube videos).
To all the gladiators in the arena, we’re all in the middle of writing our own stories. The worse the monsters, the more epic the story.
You either get an epic outcome or an epic story. Both mean you win.
Keep crushing. May your desires be greater than your obstacles.
Never quit,
Alex
FULL DISCLOSURE
I make content to make money - just - on a longer time horizon than most. I want to build trust with business owners so we can find the best ones and help them scale. And if they’re awesome, write them a check and go all the way as partners.
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
Impressive can you share more info?
Credits to 'Carol Vivian Constable' she has a web presence, so you can simply
As someone passionate about investments, I often contemplate the strategies and paths that enable top-tier investors to amass wealth in the millions. While I possess a substantial initial capital, I am uncertain about the specific tactics or avenues that would facilitate achieving gains exceeding $400k, similar to those achieved by several others this season.
The current market conditions offer potential for rapid revenue growth, but executing such a strategy demands expertise.
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
Who is this coach that seems to possess such a keen understanding of the market?
Actually its a Lady. Yes my go to person is a ‘LAURELYN GROSS POHLMEIER '. So easy and compassionate Lady. You should take a look at her work.
She appears to be very knowledgeable. I found her webpage and read through her resume, educational background, and qualifications, which were all very impressive. I have sent her an email detailing my financial goals.
The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Vivian Carol Gioia is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
Many thanks for the suggestion. I've sent her an email after looking her up. I'm hoping she responds to me quickly.
Probably the most important difference between Alex and any other person that has given me advice on how to be successful is that I feel like Alex is teaching me how to have faith in me and what I do.
He doesn’t have a hidden agenda, like everyone else. That’s why you feel that way, (I feel the same!)
could not agree more
Bro yes! That’s the thing that holds so many of us back. That’s why he always talks about “the poor mindset”
Agreed, I'm already doing some of these things so he is just supporting my beliefs not trying to sell me something new
That. And the fact that he is not selling you tutorials
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $650K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
I always consult a financial advisor before investing. During the pandemic, I used their strategies to minimize risks and maximize profits, generating around $883k in three years with my advisor
@@ThomasChai05 My partner’s been considering going the same route, could you share more info please on the advisor that guides you.
My advisor is "Camille Alicia Garcia". You can easily find her online. She has a wealth of experience in the financial market gained over several years.
Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.
This was insanely valuable, thanks Alex. It’s now time for me to stop binge watching your vids in my pajamas and start selling billion dollar skyscrapers.
you can do it!
did you sold out any?
Keep us updated 👌
Hello sir, did you make 1million dollars? its been a year feom your statement
😂😂
As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Alex Antonio insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings and managed to grow a nest egg of around 127k to a decent 532k. Kudos to the journey ahead!
Antonio Alex is my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Wow ! you trade with Alex Antonio too? he has been a blessing to me and my family.
Wow. I'm a bit perplexed seeing Alex Antonio been mentioned here also Didn’t know him has been good to so many people too this is wonderful, I'm in my fifth trade with him and it has been super.
he's mostly on Telegrams, using the user.
@proAntonioDaily THAT IS HIS USER NAME
This is all brilliant advice. I love the emphasis on adding value. People really don't think that way. Your net worth is directly related to the value you can add to other people, not the number of hours you work.
@@xavieroneill I definitely see it. I wasn't born into poverty but I will allow myself to struggle through other things on purpose because it helps to drive that pain motivator. The only thing strong enough to create dramatic change which leads to dramatic results is pain.
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
Casually buys a block of 14 apartments with somone elses money. If you're broke, ain't no one lending you that kind of money.
bro first observe what u have then think
even broke person have friends and family
or someone he can convince
yeah these rich dudes live in a USA mind bubble.
@@out_of_League108A guy who can't buy a car 😂 How do you even think that he directly buys a 13 storied building? Is it a toy 😂
Bro live in reality.
lol you clearly don’t know shit about the real estate business, there’s always people lending money. You just have to know your shit be good with numbers and have a business plan. People will literally give you money if they think you’ll make them money. Quit thinking like a poor person. There’s literally forums of people who want to find people to lend money too.
Bruh is closed minded.
Honestly you can start with a $200k property with a 5% down.
Genuinely think you give the most business related value on the platform
By far
it's literally no competition lol.
Anyone know anyone else that's on Alex's level?
@@yaboiavery5986 Codie Sanchez is pretty fantastic too - she does a lot more small scale business advice though
@@omegaweapon2005 bet I'll check her out :) thanks
@@yaboiavery5986 patrick-bet-david
You are the first person to explain the house and building flipping in a way i understand. Thank you
Thank You, got an excellent idea form this!
great video, entertaining & kept my attention the whole time. Great editing as well 💯
Congrats on 500k subs and the immense amount of business knowledge!
You’re a big reason why I started my channel. Thanks for always bringing it, Alex! 🔥
This is a great video, I feel like the risk involved should have been addressed. I agree with all of your points but people should know the risks involved before they get too excited 😅
When it comes to investing diversification is key!! That's why I engage in sectors based on projected growth. I've broken through *20k* to *30k* and got my eyes on *40k* champagne stays popping!!!
Alex you are a business genius mate. Awesome vid
geezus christ you make it sound so simple thank you for sharing your thoughts for free all the time.
I started to look into NFTs to build more my knowledge. Your video was simple and very enjoyable to watch so thank you for publishing this content. I personally think this revolutionary way of buying /selling art or actually anything that can be classifi
Always great Alex. Thank you for all the MASSIVE knowlodge that you share for FREE
Amazing video. It's packed with information and so educating
I absolutely love the way you break down seemingly complex ideas into the simplest of terms
Mr Alex, it would be great if you could make a video on how we can learn sales / good mentors / good books to read anything on learning the skill of selling
Editing top notch. Wish I could put that kinda engagement into my content. Can't wait until I can delegate some stuff.
Alex, you offer the most value of any influencer I’ve come across in a very long time.
Alex, this is straight fire brother. Thanks.
Love your videos man and the fact that you're already a zillionaire and doing this for free. So much value to the world!
Amazing content as always Alex 🙌🏻
bro the editing is so great, congrats to the man behind this
Alex you always blow my mind. It's scary how I dont have the right mindset. I am learning so much.
Just started diving into your channel- great stuff. No fluff. Straight to the point with real value. Thank you good sir 👊🏼
Awesome info. Your Genius plus Beast Mode Squared! Keep Rocking!
I like the way you’re talking. So realistic, no BS at all!!!
This video is incredibly valuable, this man is insane.
I have set the goal to make a million dollar by 2024. Just like that, YT recommended your channel. Everything I learn here, it's a blast. You don't hide anything, it's there, clear as day. Everytime I watch a video from you, I feel like you're teaching "how to believe in yourself and than get out and start working toward your goals." Thank you for this amazing content.
I have set the same goal, by October 2024 I should be having my first Million in cash flow and not worth of assets, do you like to collab together and make this happen?
@@MaxioosDose Yo me too, we can collab too.
@@ishaankataria4742 What is your niche man ? We can talk about it more if you want :) I personally try to do crypto/ afilliate marketing etc
@@MaxioosDose Yo man, what is your niche ? We could try to collab if you want. I'd like to network more and help some people while I get helped as well
Who’s it going so far
Quality of videos is growing exponentially here
This is just mind blowing. Thank you Alex
I'm in the need of change in my life and really find a passion to feel happy. I came across this and will continue to do so. I appreciate your time Alex
Same. I'm finding it difficult to find something I'm passionate about. I'll keep watching these, too,and hope something comes up.
You got this guys believe in yourself🔥🤙
Thanks for all your education, Alex - props to your awesome video editor too!
Watching this video for the second time. Thank you, Alex!
thank you very much lad! very simple explanation and best video i've seen so far thank you so much!!!!!
5:55 - "The people who are making money don't constrain themselves by time." - So true.
Thank you for sharing this. I appreciate it.
I always enjoy the concepts here, especially in real estate.
You just described all of selling.
Thanks for the ideas Alex!
Edit: As it turns out, a lot of you are bots and don't read the threads to understand fully. Read the thread ---- The concepts are good and everything, but ... How? How do you go about actually executing? Finding the deals, the buyers, pitching, the selling etc. How? How do you actually do it? The only issue with this video is you are telling people things they probably already know. You aren't telling them how they can actually use the skill practically and make a success from it. I'm sat here like "Okay, sell a skyscraper" but.... how? XD
I hear ya. Which one of the 10 ways he mentioned stuck out to you the most?
Read the scientific literature on these topics. The knowledge is right in front of you. Just research and read it. And then do it.
@@hellucination9905 scientific literature??? What do you mean by that????
@@IlPinnacolo Exactly bro XD
If you want the skills go find them. You have everything at your fingertips.
You said it in Former Videos. The big names are not selling the things that really matter and really work..
Alex always giving free game. A true g 🙏🏽
This is One of the best break down of how to make a million dollar. Awesome
Thanks you for sharing your thoughtful content for putting it out there with the passion that many of us need and strive for. I'm starting to listen to you almost every morning. Your voice and words are calming, clarifying, uplifting and motivating. It feels real and genuine. I am grateful to have your channels as a source for having a better relationship with myself and the world around me?
Ditto that!!!
This video is legendary. You are a genius for making this
Very valuable!!! Thank you
Real valuable lessons bro!
Great stuff as usual!
A colleague told me about your book, I put it on my wish list because I'm reading other books. Then I came across your channel. Liked your thumbnails and watched part of one video (good but I'm busy right now) this title caught my eye so I had to watch it. Now I just bought your book and will start reading immediately. Thanks for sharing your knowledge.
This is great advice. I'm glad you put some solid examples around real estate. I have had success in Real Estate investing. Thanks Alex for sharing.
Alex always makes me want to take everything I am doing and do even more of it to the next level.
And I bet your still poor
damn@@SeenOnTvSale
@@SeenOnTvSalewomp womp
High value info love it.
You're my favorite internet business guy.
They are very professional and is doing a great job, changing lives positively.
Interesting consideration, have to consider digital land probably wont function like physical land obviously but I see application. The issue right now is no one can foresee where this space is heading. Metaverse is an obvious choice in purchasing land
Your analysis is inspiring and mine is similar. Getting the best strategies for short term/long-term trading involves a lot and I stayed determined, took risks and also learned from my mistakes. Considering how beneficial my investing in trade has been lately, my target is to hit 1million by January 2024 and I believe it is achievable
What is your strategy ?
Best of luck
I rely on strategies from a source that ensures my monthly profits
How can I connect to your source for success tips
Telegrams
This is why I'm subscribed to this channel.
Your knowledge and passion is of the highest standard, and your simplification of explaining it is awesome thanks Alex. 😊
Thank you for this info! Maybe I'm crazy but the real state agent looked like Graham Stephan....yeah, maybe I'm crazy lol....priceless info! Thanks for sharing again
Great content. Editors are going ham. Feel like I'm watching a movie trailer 😅
Thank you bro !!
what I like about your videos is straight to the point 👉 ...thank you
Hit me up👆👆
🚀🚀🚀🚀🚀
The core of All the methods had sales scale as an important component
I’m so happy that you said what I was thinking: The bulk payment. I did not know about the Recast. Thanks very much for the heads up. Still, it’s so terrible that the federal are warping the market, the cheaper pricing on higher risk loans. This mischief
This!!! This is what I have been looking for! Common sense oh thank gawd....I thought all common sense had gone extinct.
Thank you for making complete sense to me!
I have been trying to cut out my use of social media, as I find that I use it to procrastinate often but on the occasion I do indulge, I come across the nuggets from Alex. It has become my focus to work with him in the future. Its a pity that he sometimes has nothing to sell because I feel the need to take in as much of this as I can, thanks for the content
You’re growing like crazy, congrats. A big hello from Ireland !
This was Truly valuable. Thanks Alex
Chill out bro
Legend. Inspirational mate
I knew you were always a real estate guy at heart!
Great video Alex!
Any recommendations about where to learn or who to acquire skills from that will not just scam us?
Love your Videos!
I’m so happy Alex talked about wholesaling real estate at #4. I just started doing this recently and it’s very much real!
yeah? Nice man. How well are you doing? How can I get started?
This is a good one, Alex.
Good content 🙏
Mr. Hormozi would you please put a video out about what books you recommend reading.
Thankyou! What do you need? I may be able to facilitate your need. Look forward to hearing from you soon.
Daniel Tarbuck.
As I watch more of his videos I realise how articulate is speech really is.
Please make a video on best BUSINESSES TO START AS A BEGINNER 🙏
Options! Let's go! Now we talking.
Thanks for sharing this, amount of karma you will receive by benefiting people from this impeccable knowledge is gonna be incredible for sure. Have a good one :)
You didn’t wear the bandaid and I listened to the whole thing 🙌🏻 Well done Hornosey! You’re improving! No bandaid 🩹 = I’ll listen.
Always know the contents will be great
Probably the most valuable video on yt
Alex talking about NFTs and what my agency Engag3 does feels good man.
This man a real gangster helping the world think thanks Alex 👍🏻
Great video regardless,
But you need access to capital for real estate, and the easiest way to get that is by already haveing some capital.
That said, the idea still holds true: Figure out the thing you need to figure out, and then go figure it out.
This is such valuable information
congrats on 500k subs
Brilliant guy!
This advice is as good as buying lotto tickets.
The editing is top tier. Well done