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Millionaire explains why time is NOT the most precious resource...
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- Опубликовано: 15 авг 2024
- 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.
The amount of value you provide in every video is astonishing. It almost feel wrong. I feel like I’m stealing from you lol thanks so much man
Bro fr, if I'm becoming a successful ENTP is due to him hands f down.
you sound like a paid bot comment lol
@@baba_q5848 nope. Real person. Just grateful for the free information
No this dudes got some real shit to say
it is always amazing to hear from him and his value that he provides to us.
He is basically saying that in order to be successful you have to be present, instead of let your mind wandering in the past or the future. Your thoughts are energy and by thinking about a lot of different things at the same time you are spreading that energy in multiple places instead of channeling it into one thing.
This is exactly what the Buddhist monks have been teaching, Alex just put it into different words. By putting your focus in the now you are 100x more productive, that's why the ability to be focused is crucial if you want to succeed in any endeavour. A lot of high level executives use meditation as a tool to increase their focus, so if you want to achieve the same results you might want to try meditating.
Yes, but also what he is saying is that it is important to watch out where we live our present moment in. You can spend hours on Netflix living in the present moment, but that's wasting those marbeles of attention he's talking about
Yes great catch. I noticed drinking had affect on my overall focus not only at the moment but in overall alert state of mind
Thank You so much ☺️
You really literally saved me the time of the whole video.!
Okay but how is that not just another way of saying "use time wisely", "don't waste time", etc? Time is literally what your life is made of - something your attention & focus is dependent on having in the first place, not the other way around.
@@nataliaturner4845 It's media, of course the title is going to be a bit click-baity.
I'm in the middle of college with no plans to start a business but this dude just generally gives good advice. Pretty much all of this stuff is applicable to schoolwork and just living your life to some extent.
I implore you to start a business of some sort, even if you are still in college; and especially if you live in the U.S. The potential financial independence and tax write-offs are substantial, and will only compound over time. Trust me, your 50 year old self will thank you.
@@clintleffingwell8129 how do you know what business to start? With no knowledge?
@@thesunris research
@@clintleffingwell8129 most people should not start a business.
@@taliaeve969 most people should "try" to start a business
Social media is a huge attention drainer, one that is often overlooked.
@@anonymerdude4501 Same
Definitely a big one that should be managed a lot better
Yea I was on it for 70 minutes in bed as I woke before I had a self realization on wtf I was doing with my time and got up immediately. Smh
The only sort of social media I have is RUclips... Everything else is just toxic and a waste of time. At least with YT I can control what content I spend time watching rather than just scrolling thru crap that Facebook wanted me to watch
@@WideAwakeHuman until you watch random n get suggested bs
This free video is better than a lot of thousand dollar plus courses and masterminds I’ve been apart of. Alex is the Goat of our generation in business.
“Attention” is what he is trying to say is more important than time. Paying it forward for all those unsung heroes. 🙏🏽
Wow. "Drinking to unwind" was my issue I just started to confront in September. I didn't realize how much it affected my health and mental clarity. Now I drink tea to relax after a long day.
Yo I saw you PWF stream yesterday. Small world.
Good for you.
Reminds me....I have to drink some water...Haven't since yesterday. Glad to read you are looking after yourself as you challenge each day!
@@zacharyjoseph7032
Iced tea ≠ tea. You must be American 🤦♂️
2:50 👌👌👌
5:45 Truth✍️
6:45 Identity & Range
8:20 Open Loops & Cycles
12:30 Discipline 💪💪💪
13:25 🍷 😤
The most impressive thing in this video was your personal growth.
Your present self is so much higher power, authoritative and respect-worthy.
Honestly, I hope you can still pump out content as you pivot towards your 2022 shift. The amount of value that you bring is off the charts. You are the reason I am finally taking action to start to build a business starting in 2022.
Why not start now?
Have you started?
This is an amazing video. I was definitely on the mindset of a bunch of side hustles to get extra revenue but it makes so much more sense to focus on the one business and grow the shit out of it.
Appreciate all your content Alex.
I don’t understand how he doesn’t have more subscribers. Assuming it is just because he hasn’t put his attention on it. I’ve watched so many videos either interviews with Alex or him just talking and every time there is so much to take from it. It’s ridiculous. Thank you Alex, you are amazing
4:10 pure gold!
Also the points about
- Clearing your attention ALLOWS you to see things others can't see (9:30 - 10:10)
- How we pay attention / PAY for our attention 7:42
I'm going through this right now. I have given all of my attention to my clients, friends, and loved ones and it has held me back tremendously. It has been VERY uncomfortable to break my habits of trying to help everyone. I've walked away from many relationships this year, and even blocked many people. Not a coincidence that I have new clarity and my business is moving to the next level. (scaling up)
It is astonishingly true what this man is talking about. It is so important to have that ATTENTION, that FOCUS for the meaningful things in life. I realised that myself some months ago. I wanted to earn money and I found out that i can't give my attention to some random video game and become wealthy at the same time. If you are constantly hooked to something that is extremely devastating. The easiest way to understand is if it's an addiction. To me, like i said, I was hooked to some video game, but it can have the same effect like alcohol addiction smoking addiction, because your mind can't focus on your important goal you want to achieve. So I had to quit video games, because I see that it is just time waste no matter the fun I am having in that moment (instant gratitude), it won't make me fulfilled. Btw. since I am talking about video games it comes to my mind that not even some addiction can be destructful, but also just a bideo game you play here and there. Clash of clash for example has a very toxic play style. If you don't play it will make you feel like you are missing out. The game isn't playable for hours straight, but stays in the back of your mind, because you have to check in every now and then. Stuff like that distract you completely even though it doesn't seem so life changing in a negative way at first glance. You need some peace in your mind. Just imagine you had to remember all the time to eat food or go to the toilet or else you die. It is great that that happens subconciously or else we would have to think about it for the entire time and give our attention to that "unnecessary thing" (In this case it would be necessary of course, but it is not something you want to keep in your mind all the time and it doesn't get you to your goal). Don't get me started on dopamin...
Man, somebody's gonna read this bible. I just hope I was able to enlighten someone out there. Have a nice day, brother.
Good stuff bro; totally relate w/ the video game stuff
So now you're just addicted to money ...still an addiction..!!
Good thoughts. That applies to everything you can get addicted to, distracting your mind. Being a collector is also a highly dangerous thing, as I have experienced myself.
@@bogdan78pop he's not addicted to money he just wants to earn some.
I read your bible! good on you for figuring out a problem you had, how it was affecting your goals, and doing something about it!
I needed this.
Paddy you killing the game as well bro
My mate told me about you and how u give so much value in your videos and when I say within literally a day my mindset went from I’m 19 and don’t know what I’m doing with my life to okay I need to focus on this, this and this in order to reach this goal in order to achieve this and literally change how I’ve approached anything I went from someone who sucked at learning and didn’t wanna do it during high school and always jump from one thing to the next to really listening to your videos and writing down my flaws and taking action on what I want.
Hey, how you holding up a year later?
Love the part at the end about not wanting any negativity. As soon as someone starts complaining or trying to talk negatively, I get a deer in the headlights look in my eyes and I start looking around for a way out. I innately know that’s not the type of energy I want to be around.
This man's got HEART. Thanks Alex for caring and sharing!
Thank you!!! I can’t believe this video doesn’t already have billions of views yet. This is gold !!!
Man, imagine if this stuff becomes mainstream, what we as people could do... I think we're headed in that direction. Thanks for putting this out there. This kind of information is shaping the future!
This totally hit home. I hope everyone here is growing and are living their life to the fullest. Do you. Focus. Discipline.
Attention: "Do One Thing!" ....thanks Alex. This is my kryptonite. There are sooo many fantastic opportunities out there. And every day a new "shiny object" comes along. It's really hard for me to focus on one thing only. But it's the right thing to do of course.
I totally agree! Time is great but spending time with your family is the most important!!
This is massive.
I quit drinking in 2019. I worked and ran bars from 15-25. Got out and started to learn to code.
The difference in attention and focus is massive and it enabled me to start my own business and fast forward to 2021 and I'm close to hitting 200k revenue by the end of the year.
You really have to live a basic life in order to do this and this advice is gold. amazing to actually hear it and realize it. incredible.
Congratulations on the change of path and success! I am two years behind you, but on a similar path towards being a self-taught programmer and building a business.
Would love to talk to hear more about major lessons you’ve learned throughout your journey and how you’ve grown to be successful in your space. I’m not a boy and am obviously willing to pay for your time.
Cheers,
Chris
@@Christomshack Cheers man! Would love to chat but it appears my messages are being deleted when I add an address, where would I find out?
@@tommymaher4166 its because scammer use RUclips comment to get their victime (i am not talking about you ofc)
Omg just what I needed right now. Thank you, Alex. I’m beyond thankful that I found your channel through my previous client. No wonder your videos are shared by many!
This was one of the greatest advice I've ever heard in a long time. I needed this at the right time: Now.
Thank you so much Alex. My action to this lesson will bring me back onto the next level. Within the next nine years, I’ll be on your level. I’ll catch ya there!
'You have to learn how to NOT be yourself in order to be the person you want to be.'
That's the pristine truth which goosebumped me and stuck in my mind.
Bingo! Flipping brilliant chunking this down, thank you. You are the very first individual that I have heard speak candidly on this. Love it.
One of the best vids on focus and how to manage your time I've ever seen.
Good to see the growth in your presence between this old video and today. You feel more solid, less fidgety (lots of moving around in the old video) and the pitch of your voice shows that you're speaking from your core more. Not criticism, love the old video but want to celebrate the growth.
I’m very glad I can view alexs older content. It feels sometimes like he’s lost sight of what people operating at a lower level need to hear, videos like these ones feel more connected
Glad you shared this video here with the Mozi Nation! Always serving value on RUclips. As you said attention is money 😉
Something I’ve intuitively known but you expressed it very well. You’re always on point with your logic. This inspired me to simplify my business and handle the things I’ve been avoiding.
Dude does anyone else think Alex sounds like a completely different person here!? You even have different mannerisms! It’s wild to me. So much passion though. Very interesting.. and loving the video.
He looks SO young too!
Very good insights! One of the mistakes that a lot of entrepreneurs make is not focusing their attention on all of the areas of life but just focusing on making money. We need to have balance between Physical, Mental, emotional, Spiritual, and Relationtional health! Many entrepreneurs think its ok to sacrifice time of sleep because they think to themselves time is money. If you were to allocate enough "attention" to sleep you would see yourself accomplishing much more during the day on 7.5-9 hours of sleep rather then 5-6 hours of sleep
I put this video on repeat, and after it's over I'm gonna play it one more time! I need to understand and remember all the details, it's genius!
I segemented every part of my day just to avoid the reality that i allowed simple distractions to block my success, THANK YOU MAN, YOU ARE A BLESSING!!!
Fantastic video, Love your work mate. Thanks, heaps for digging through the old archives and sharing this with us all, this is timeless advice and maybe even more relevant today than ever before, with all the distractions we are served up on a daily basis.
When in history have we ever had access to such a person in any industry that gives such value. I truly appreciate you and Leila for sharing yourselves, your insights, experience, and business wisdom. Universities are truly in trouble when we can learn from such people as yourselves at no cost.
Thank you so much.
Bot
I’ve also stopped drinking for this reason! And my head is very loud right now. Business thoughts running through my head. I feel like I am going crazy or going to have a mental breakdown soon.
Thank you for this video.♥️ I need to focus on one thing at a time
Hey Alex, you've been a big inspo in starting my channel, this is just a little thank you as I recently hit 100 subs!
Congrats bro, keep going on it
One of the best videos I've seen in a long time. And believe me, I watch a lot of videos
The less of you that’s still focused on past emotional traumas, the more present you are, and the more you’re able to SEE within This minute now.
I’ve gained so much from listening to this again and again.
Holy shit, this is the 4th video Ive seen and it EXACTLY what I needed... You a beast mozi. Grasias
correct me if i'm wrong, Conceptually what you are describing Is time with the caveat of using that time effectively is what makes or breaks you. ( staying away from distractions, focus on what is important )
Based on the content, I've seen Alex put out, I'm sure he's delighted and that we engage with the advice he gives. However, I know he wants us to actually apply it, even though few people will. The fact that he wants us to be successful, I find rare, we need more humans like him.
I have noticed about people who get things done is that they have a great ability to tune everything out except the task.
One of the best things about transparency on this platform is seeing that literally NO ONE disliked this video. Pure 🔥🔥🔥
Literally need to rewatch this every month or two. Thanks Alex
This is awesome. I have been listening to this for the last week every single day. What I’m going to continue to do is listen to it for another 2 more weeks each day.
Bro, this literally changed my life. Thank you!
This guy has got “it” and that’s the one thing that’s rarely mentioned when teaching about success. You gotta have “it” though I do believe you can mold yourself into what you need to be no matter who you start as. Alex is a great example of the state of mind you need to be in for success.
Holy 😮crap. I needed this sooo much. True & Valuable! Resounds so much. This short video is going to change my life. Ty.
wow.. this is the most fire biz video I've seen in a while
For me, paying attention is to properly use my most-scarce resource (time) is implied logic.
Contrary to popular beliefs, our minds are not multi-threaded; we process information in a serial format. This is exactly why attention and less noise is powerful.
First person to show me that time is not the most valuable. I need to re think about attention. I knew it’s important and know is a weak point in myself and have been focusing on controlling it to its potential with in my self. But what you are saying is opening my
Eyes. Thank you
The key to success is obsession. That is why we are taught from a young age to not get obsessed with things, why schools and society put so much energy into promoting "general education". To be successful, focus on your one field, spend more time improving your skills in that one field than anybody else in that field. If you wish to be successful, find your passion and let it consume you.
think about it, attention is basically time you spent on a matter. so, attention = time, thus, time = money. But, I get what he was saying and I agree. Attention is a meaningful time.
Honestly I have been clearing out the clutter for months , dropped people that sick KY time energy and money, threw things happen.
What you said here
You realize who ate actually friends and who you can rely on.
And three you forgot to mention it it's the feeling of relief.
This is heat! The layers of protection hit home for me.
Amen. Focus on one thing and be ruthless with eliminating negative people and time thieves.
To all the dreamers out there, don't ever let the world's negativity disenchant you or your spirit. If you surround yourself with love and right people, ANYTHING is possible...
Fantastic Alex, the RUclips algorithms caused you to stumble across my path. Liked & Sub’d. This is what I needed hear. Now time to streamline.
Mind blowing to understand that there is something more valuable than time. Thanks for the wise words.
Your ability to communicate your ideas is really something. Would love to hear how you got there!
I too would love to learn this skill!
He said he record 2 per day to Facebook for like 9 months and then he also got coaching on attention so probably got coaching on more things. If you're producing 2 vids a week like that you're probably on the right track :)
Dude! This shit really hit home for me. You just set me free
Love it. Can listen to you (and the old you lol) all day brotha.
This guy is gold. Best new channel on RUclips, bar none.
“You have to learn how to not be yourself, in order to be the person you want to be” 😮 seriously though this resonates with me trying to push past my limits.
Also your constant flexing of your biceps definitely drives your points home!
I'm not the first one to say that, spectacular value. Thank you!
First time coming to your channel. This video is what I needed. Thank you
another banger good shit alex
SUPER CONTENT! THANK YOU, Alex!
This was exactly what I needed to hear. I'm trying to grow my business and get into shape, but I'm also trying to date and maintain a social life and take photos for social media and do this and that but no, I need to simplify. Get rid of everything non-essential. Quiet. Cheers.
This advice is so good, it's probably the most important piece of information for being truly succesful in life. Attention is the most important thing period.
That also means, one single line of information in any form of communication can be either a dealbreaker or the sweetspot.
That's why you always have to pay attention.
Alex could we get access that facebook group, or any other way to watch your old videos? Your content is awesome!
On god, pure gold
Not only was this a good video, I love how passionate you are in it.
Thank you sir, this was amazing. I needed this. You're the man!
this is gold. it doesn't only souds good it's just the truth. applying that right now "be the guy you are not to become the man you want to be. " kill all open loop have absolute peace around me absolute focus.
When you don't have money, you spend your time on Earth alone.
It's 5:45 am, I hear the dog barking in the empty room next door and I have been alone for 6 years here. Now, I'm alone trying to figure a way out. When I could pay for dinner, pay for parties and pay for gifts I was everyone's friend.
You're the GOAT of business man💯💯💯
That was fucking epic! Spoke right to me on a few levels! Thanks man!
I wish I could like this video more than once. So good. Thanks for alll those nuggets of wisdom. We appreciate you coaching us from afar.
Alex, thank you for the content. So true.
So obvious, yet overlooked.
Great job brother.
Damn man…your insane. Needed this video! Thanks alot!
Respect. That is a great argument for focusing. I’m realizing how scattered my marbles are. Hopefully I don’t lose them…
Solid video packed with tons of value. But the hook is a essentially a semantics play. What you do with your time is a result of your attention. Time is still the most valuable resource, your attention is how you utilize the resource.
I was just thinking about the exact same points you brought up in the video 2 days ago. Excellent content! I’m definitely subscribing
Absolutely incredible.. thank you Alex.
Every video this guy does is life-changing advice. Every damn one. Alex Hormozi is a gift to humanity.
My personal opinion, Alex´s old content > Alex´s new content. But I watch and learn from BOTH.
Attention or lack of attention is still time spent. But always good to see through a new lens. Billionaires with phones with only approved callers, saves time.
Laser focus is very high level, so I do get the shift! Thanks for this! Will be sharing with my son and nephews!
dude the amount of knowledge you share with us is so valuable I really appreciate the videos you make I can only return the favor with a like and a comment but your videos mean so much more
Bro , this vid is so packed with value. Thank you , love and success 🙌
5:30 - In order to grow, you need to do LESS
9:00 - all billionaires are quiet
13:00 - Do one, one, one thing, only one thing, you just need one thing
Damn this is unbelievably just, wow man… Thank you
Bro this makes so much sense. This video is a gem. 💰💰💰