You know what would be sick and challenging video series; Alex starting random small businesses with 15-20k startup cap. And watching his process learning the work and then scaling as proof-of-concept of how his advice applies to anything and everything
This channel is honestly incredible. Not only do you give extremely specific advice, but you’re also saying stuff that very few people are actually saying. The restaurant hacks, the justification of spending more on eating out or moving to a different city, it’s all fantastic advice. Really appreciate hearing this, and it makes a lot of sense :)
I was making around $50k a year and my rent was $1650 here in Los Angeles around 2013 for a 2 bedroom. I ended getting a Roomate and charging $1200 all utilities included and saved and invested a large part of my income. I lived well below my means, drove a 2003 Camry and now have almost a million in liquidity. Granted it took some time but now I take 2 trips a year with my fiancé and surf everyday and have my own business that teaches private self defense to areas like Bel Air, Malibu and palisades. I have instructors whom were once my students teach all over LA and I only work about 10hrs a week making a little over a quarter million a year. My goal is to make $3mil a year. Alex has some of the best advice and wish I knew about him sooner 🙏🏽
I have three kids I make around a million a year. My bills are about $5000 a month. The only thing I can do is make more money. Spending less ain’t gonna happen for me.
Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 23 months and l've accumulated over $700K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
@@sherryie2 true, A lot of folks downplay the role of advisors 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 license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
@@MiikeFaber My advisor is NICOLE DESIREE SIMON , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@@user-3456rtu she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
I really appreciate this type of video. No BS, no non-sense, just straight facts. I've been trying to grow a personal finance channel for a few months now, but I've let the fear of failure slow me down from making that first step. It's time to put in that work. Good luck to all my fellow entrepreneurs out there!
It’s mutually beneficial that you make these videos. I heard you mention how popular brand is, while these videos are free and super helpful, you are building your brand in exchange for free content, which is great!
If you keep focusing on how much you don’t have, you will just keep creating more of that. Start to set yourselves higher on the goals that you do you want and start creating the plan to get there and taking the steps every single day while focusing on the end result, as if it has already happened, because in truth, it already has happened.
Live very humbly and wealth will compound. I was lucky enough to live at home until I could afford 10% for a house. Then I rented out the rooms which covered my mortgage. My cost of living was $1500/month to live and build up equity. Now I own 90 units of real estate and still live the same way.
I own a small business, and work another side job on top of it. But I still find there are days I have a few hours of free time after everything! You motivated me to Uber for a bit and spend more time working, with less time focusing on food. Chipotle here I come
As I grow my business, I want to say I believe you're nearly a genius in what you speak and how you articulate it. You not only motivate yet inspire me. Thank you
Good content. Definitely for younger people who are single or on the same page with their partner. I divorced and ended up losing everything, so back to the grind again but at 40 and having three kids, this is where I'm at again but with kids it adds another challenge in the mix but not impossible.
I’m a young single guy, going for it! But I respect someone in your position who is aware of their situation and still reaching anyway. Definitely not impossible. And you have more of a reason to go for it with your kids. Keep at it and I’ll see you at the next level 🙏🏽
bro, you can do it. use it as motivation! theres someone who went from zero income to millionaire in 18 months on youtube . he documented his whole journey.
Funny, our parents and our education system didn't teach any of us to be financially literate or how to function in the real world. Now we're learning it from strangers on RUclips. Thanks for all the advice, trying to get my life started and be able to give a ring and a home to the love of my life. Everything you say is invaluable -- not just the financial stuff, but the deeper, soul-searchy shit. Thanks for giving me the advice no one else bothered to give. Good luck with all your future endeavors and thanks for spreading your knowledge with others.
This is actually a very high quality video both production-wise and content-wise. The content contained within it is definitely top notch by nature of how it’s all broken down into steps and explained, which other videos (even if they give the same gist of advice) fail at doing. Saving this one into my playlist. Good stuff.
I've been looking at a ton of your videos, but listening to this particular video, you really are a brilliant man. You just didn't buy food to eat, but you took the time out to make sure that you were eating healthy on a budget without cooking. I'm truly impressed.
YEESSSS!! live & die by the USED CAR philosophy!! I purchased 9 used Cadillacs over 28 years, & not once ever paid beyond $4k per car..EVERY Cadillac: about 50K miles, one owner.. kept inside garage . Purchased EACH one off Craigslist, & I drove over 3.5 million miles with ro issues in luxury sedans! Paid LESS than $20K for the best of six vehicles like this!! LOVED IT, will do it over & over! Alex, you're the BEST!! Thanks for the milllionaire VALID belief!!
Best advice I ever got in my business (creative). If someone ordered a piece that beats the profit of anything you've done before, make almost nothing, exceed all their expectations. You can use that as a portfolio piece ( you charged 1k but tell other clients it cost 1350 for example when you show it to new clients) and they will never work with any other artist.
You buried the lead!!! The ending was life-changing. 90 days. Gamify it. I’ve struggled with wondering whether living modestly was tight fisted and poverty mentality or budgeting practically… This makes it 100% empowering and the opposite of poverty-minded. It’s wealth focused. 🙏
This is very inspiring. Thank you for sharing what it takes to build that grit. I was shocked about the part where you had roommates and living with their dogs too! Please share more about the sacrifices you had to make to pursue your dream. Always grateful. By the way, talking as a guest speaker at other shows has shown me how influential you have become because I had never heard about the shows you are showing up on left and right. You are a blessing!
I love what you said about checking your bank account as the first thing you do in a day. I check it every week and also my vanguard portfolio but never thought I should do it every day. I am definitely starting from today. I have noticed that I love checking my accounts even when there is not much in it and my portfolio is going up and down with the stock market, but it does give me a great feeling as there is always money in the plus and always growing.
So you put money into the stock market while hoping it's going to go up? What if it doesn't go up for a couple weeks or months? Like the other dude said, it's not about feeling good. It's about setting goals and continually being reminded of the fact that you aren't hitting them. You need to create the hunger to strive for more otherwise you should not even check it at all
Been checking my account first thing in the AM for 3+ years now.....and every year since I got into habit, my income has gone up as well. What you pay attention to is what you get more of, be it positive or negative.
@@itachi12748you have to realise that if it wasn’t for the editing, he’d just be talking, you might not mind that, but most people would get too bored.
Ooof that living situation sounds like a rough time, but not a bad time! I'm testing a way to get by with no rent, paid groceries, and some adventurous views by moving onto a sailboat with a family who's letting me stay with them and feed me in exchange for being their crew and helping care for their kid. Ocean views in the Bahamas with no rent, no food costs in exchange for some fun and adventurous labor! I'm hoping when the waters are calm and we're anchored it gives me enough time to work on my business.
So interesting. Going through this now but really living in NYC running around like a chicken without a head. Eggs (best on sale), bone broth, nuts (on-sale) many things you can order online for free delivery. And I also buy pre-made salads. Making salads is so tedious. And I have moved back to my hometown. Living with fam while I develop my business. NYC was too expensive to hustle. I cut all of my more expensive expenses to give me time to grow and reprogram my mindset. Also, I eat no more than two meals per day. Not on purpose. I am a coffee drinker and it cuts my appetite.
@@daniellarose4160 Haha you don't have to be surprised Mrs Lauren is really good and everyone loves genuine services,she helped me recover what I lost trying to trade on my own.
Actually I trade cry ptØ currency on her broker with assistance from there top cry ptő analysts Mrs Lauren she's my professional assistant. I have been under her for 2 years now.... I've really made alot trading from her strategies in Crypto currencᎥes this period.
Wasn't going to be drawn into the clickbait title but It's Alex so I gave it 15 seconds to start, then watched the whole thing. This was actually a really good video.
Eggs and bread can get you pretty far for 5€ a day and doesn't take more than 10 minutes to cook and clean. Peanut butter for desert and BAM! 15€/$ saved per day!
Another thing that I found to be helpful (instead of checking your bank account) was spending 5-10mins on financial subreddits each morning and evening. It absolutely steers your attention towards that objective on a subconscious level, as well as conscious.
Been doing this for 2 years now and have changed my financial life around tremendously. Continuing to do so as i grow my business. Living “broke” doesn’t necessarily mean that your life is going to suck. You need to be working towards bettering yourself.
So comments section, will y’all give your input? I run a small music studio were I teach private music lessons. Any thoughts on how to scale this? If we upvote this enough, maybe Alex will make a video of it!
I lived on almost nothing for 3 months straight and it was so much fun, turned it into a competition. Up to this day I know I can go back to this anytime if I had to.
That’s the real value. Many people I know are trapped into working more than they want or doing things they don’t want to be doing because they have so much debt (house,car, credit cards) they need to make payments on each month.
The one thing that keeps coming to my mind about retirement and that is I should be spending a good proportion of the 'fun money' while I am relatively young, say under 75. My poor old dad is pushing on 80 and he is a shell of his former self. Its so sad to see. I bloody hope I have had a really good time, I have given most of what is left to my daughter and any kids I may have in the future and when it is my time, I go quickly and not as I started my life (wearing a nappy and dribbling on my self).
Yep. I'm currently visiting scuba diving spots because i reckon i might be packing that in in a few years so get those destinations in while i am fit. Told the kids I've gone SKIing.
The market is a bubble and I have heard advisors make the best of how things turn out in a bear market. How can one enlist the services of an adviser? I’m retiring in 6 months. There are comments referring to one or another but I can’t tell how authentic those are. I am stuck on deciding how to draw in retirement and spend without losing due to inflation with a huge cash position.
as someone who is already living off of PBJ's and lactaid + pre cooked whole chicken from the deli.. this is good stuff. broccoli is also cheap ish and healthy.. I put 2 cups of milk, a frozen banana, a scoop of yogurt, half cup of oatmeal, and 3 spoons of Peanut butter, blended up its about 1000 calories. easy hack
I’m not doing it this way - but it’s probably the better way overall. Have had lots of ups and downs, too much debt etc. But after 20 years of working (37 now)…make about $40k/month, spend about $30k/month, but I’m focused on increasing income vs not spending what we spend. (The $30k includes all bills, saving in 401k and discretionary spending for family of 4, which isn’t that hard to get to). But I’d rather drive the car I want, live where I want and vacation where I want and not worry about it. $30k tho is the ceiling where I don’t feel the need to spend more if we make more. But $1,500/month I haven’t done since college - so that’s not happening 😂.
Agree with this philosophy, glad to hear I'm not alone in this masochistic way of life 🤣definitely a more resilient fighting stance as we sail into recessive waters in 2023
I eliminated my overhead capital living expenditure by living in a solar camper van, getting fresh produce from food banks, canned tuna for protein. 10 months later, I have a network of properties I own, created and sold two companies and am about to sell online courses.
I know a guy who basically did same thing, he saved for maybe 10 years, he learned about business got MBA, worked a lot and still living with roomates, very similar to Alex. Except, he didn't achieve ANYTHING, he got like 5 business going, all of them didn't work out. He still at 30 has to live with roomates in shitty flat. He is making about 50k a year. He is saving but not much, he can't go on vacations, he's always working, etc. And I have another friend who is making 300k a year who basically glided through life. He is a coder, he just finished school, got lucky and got a job that got him experience while he was in university, then he got recruited into another company into senior role just after graduation, then he switched jobs few times and he's driving a porche and has his own apartment. He's parents are not even close to being rich. He basically went on vacations, did fun stuff all his life, while making money. Which one do you want to be in your 20s or 30s? Chase some millions so when you reach it you live like a monk? Or just live normaly get to 150k a year and live without stress? So take every story like this with grain of salt, Alex may be very skilled, but he is also very lucky, he was born in USA where you can make a lot of money fast, he is white, he is very skilled salesman and have these character traits that let's be honest 99.9% people don't have or will never have. Also he got very very lucky with all the other things. Life is mostly luck, yeah you can increase your luck by trying more, but still, you try all your life and never get anywhere. Here's so realism for you guy
I think ur actually getting something wrong, I think what you're saying is that you have to enjoy the process. He definitely did, your broke pal I hope he does. getting rich yes, but how ? Basically every way of making money in itself deeply sucks, you just have to chose the one way that fits you and start from there
I'd recommend that if you do buy a car for 10k to put some cash aside each month for repairs. A lot of used cars will have something go wrong at some point and it's better to be prepared then figuring out where to find cash to pay for the repairs. Great info as always!
My go to for fast food, if you have one near you, is pollo tropical. Half-chicken meal, two breasts and two wings, two cups of brown rice and black beans used to be like $8. Probably $10 now. I'd eat that 4x per week, can barely even cook that cheap, and they make it way better than I ever could. It's marinated and grilled, not that fried and breaded junk.
The awesome thing about 11:42 (Maximizing spending little and making tons) is they weirdly go hand in hand. Dave Grohl of Nirvana once talked about once his band took off and started making tons of money from playing shows that he was too busy to spend any of it, which just increased how much he kept. The moral of the story here is... get busy making money in order to spend less!
Even with this current crypto dip, the market has been pretty bad until today it decided to surge. Everybody was Practically Crying then. It kept dipping. That's what you get when you feel you can navigate the process on your own. Big thank to Hilder Ferguson. I'm not bothered with how bad the Market is because my assests are insured due to her advice and I still receive my profit
Video quality is getting insane. You're an inspiration my friend. I sold my company for $100M and I'm blown away by how you think. Super clarity like a consultant, and understand exact levers to pull that win in business. You are going to a BILLION quick.
Production is leveling up 🔥 after a certain amount, it’s also helpful to live in a nicer spot with like minded people. Living in a shitty apartment more often than not means living with broke mindset people.
Easier said than done when you have a wife and kids. If I was single this would be a no brainer. In The book rich dad poor dad, the rich dad said the hardest thing to manage is people. My wife and kids are my biggest bills!
bruh so much information!!! i just made a 721 words bullet point notes from those 14 mins! and best believe it took me more than 14 mins to watch with all the pausing and rewinding. Can't believe his brain didn't go mush eating all that chick-filet lol. My guy is sharp.
You know what would be sick and challenging video series; Alex starting random small businesses with 15-20k startup cap. And watching his process learning the work and then scaling as proof-of-concept of how his advice applies to anything and everything
I’m sure it’s scripted but undercover billionaire is pretty good show that does this except they start with $100
@Gianni Cortes oh cool, ill check it out!
he don’t got time for that that’s your job lol
congrats on the big 200m/year milestone. Love your work
What you doing here mate
I loveyou hamza my personal coach
@@Mrtkmhe looking for content to make and this guy Alex actually had made money before RUclips so it’s good he watching him
bro hamza PLZ gate keep ... im sorry bro .... plzzzzzzz
honored to see you in the comment section.
As an editor myself, you need to give whoever edited this a raise
I am a video editor bro, and id say his video editor is out of this world, I swear he probably take 200$ per video. 😳
That's caleb..Gary vee's editor..I'm his assistant.
@@carljohnson-uc6qm can you explain some of the work process bro, and how much they spend on each project?
@@John-sp9if he needs to make more lol
Hes def gettin paid enough
This channel is honestly incredible. Not only do you give extremely specific advice, but you’re also saying stuff that very few people are actually saying. The restaurant hacks, the justification of spending more on eating out or moving to a different city, it’s all fantastic advice. Really appreciate hearing this, and it makes a lot of sense :)
I couldn’t be more agreed.
@nwachukwuonyebuchi no subs huh 😂
@@DavidDouglasToth best to just report the comment for spam :/
I was making around $50k a year and my rent was $1650 here in Los Angeles around 2013 for a 2 bedroom. I ended getting a Roomate and charging $1200 all utilities included and saved and invested a large part of my income. I lived well below my means, drove a 2003 Camry and now have almost a million in liquidity. Granted it took some time but now I take 2 trips a year with my fiancé and surf everyday and have my own business that teaches private self defense to areas like Bel Air, Malibu and palisades. I have instructors whom were once my students teach all over LA and I only work about 10hrs a week making a little over a quarter million a year. My goal is to make $3mil a year. Alex has some of the best advice and wish I knew about him sooner 🙏🏽
now 1650 wont even get you a decent studio apartment in LA lmao
Awesome story!!!
Bull shit
@@nipples8776 who SHAT in your cereal? 😆. Haters gonna hate. Try not to project your failures on others 😉🙏🏽
I pay 1900 for a 2 bedroom in Arizona. Wtf
Live like you're broke? Done. Now what?
🤣
Get rich
Stay broke 🏚
Lol literally the rest of the video explained what next
Stay broke 🙂
I have three kids I make around a million a year. My bills are about $5000 a month. The only thing I can do is make more money. Spending less ain’t gonna happen for me.
Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 23 months and l've accumulated over $700K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
@@sherryie2 true, A lot of folks downplay the role of advisors 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 license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
@@user-3456rtu I've been thinking of going this route of using an advisor. Could you recommend yours?
@@MiikeFaber My advisor is NICOLE DESIREE SIMON , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@@user-3456rtu she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
I really appreciate this type of video. No BS, no non-sense, just straight facts. I've been trying to grow a personal finance channel for a few months now, but I've let the fear of failure slow me down from making that first step. It's time to put in that work. Good luck to all my fellow entrepreneurs out there!
It’s mutually beneficial that you make these videos. I heard you mention how popular brand is, while these videos are free and super helpful, you are building your brand in exchange for free content, which is great!
This man is a national treasure I just got so much motivation from this!!
The David Goggins of finance! Can’t wait for the book!
If you keep focusing on how much you don’t have, you will just keep creating more of that. Start to set yourselves higher on the goals that you do you want and start creating the plan to get there and taking the steps every single day while focusing on the end result, as if it has already happened, because in truth, it already has happened.
Live very humbly and wealth will compound. I was lucky enough to live at home until I could afford 10% for a house. Then I rented out the rooms which covered my mortgage. My cost of living was $1500/month to live and build up equity. Now I own 90 units of real estate and still live the same way.
Awesome Possum bro!!
Amazing video.
"I moved a lot faster in life trough handshakes instead of hacks". GOLDEN QUOTE !
I love it. Before he used to say $85mill now he says $200mill. He doubled what he had. Grown a lot.
dude i cant wait to partner with you down the line... i love yours and your wifes videos and honestly they have taught me so much over the past year
I own a small business, and work another side job on top of it. But I still find there are days I have a few hours of free time after everything! You motivated me to Uber for a bit and spend more time working, with less time focusing on food. Chipotle here I come
Good work keep growing from your motivation and don't forget to get divorced so he can buy your business for close to 0 dollars in a couple of year1
@@NS-fi7ub that's a guy. and why do you assume they're married.
As I grow my business, I want to say I believe you're nearly a genius in what you speak and how you articulate it. You not only motivate yet inspire me. Thank you
Good content. Definitely for younger people who are single or on the same page with their partner. I divorced and ended up losing everything, so back to the grind again but at 40 and having three kids, this is where I'm at again but with kids it adds another challenge in the mix but not impossible.
I’m a young single guy, going for it! But I respect someone in your position who is aware of their situation and still reaching anyway. Definitely not impossible. And you have more of a reason to go for it with your kids. Keep at it and I’ll see you at the next level 🙏🏽
bro, you can do it. use it as motivation! theres someone who went from zero income to millionaire in 18 months on youtube . he documented his whole journey.
@@corderomartin7959 💯
@@zsheikh1234 I'll look it up. 👊
@@kevinhicks9447 Jesse Eckel is his name.
Funny, our parents and our education system didn't teach any of us to be financially literate or how to function in the real world. Now we're learning it from strangers on RUclips. Thanks for all the advice, trying to get my life started and be able to give a ring and a home to the love of my life. Everything you say is invaluable -- not just the financial stuff, but the deeper, soul-searchy shit. Thanks for giving me the advice no one else bothered to give. Good luck with all your future endeavors and thanks for spreading your knowledge with others.
His messages are SOOOO packed full of practical solid advice. So much value. This is one of the very best I've ever seen from him.
Right? I keep needing to pause and take notes on this.
This is actually a very high quality video both production-wise and content-wise. The content contained within it is definitely top notch by nature of how it’s all broken down into steps and explained, which other videos (even if they give the same gist of advice) fail at doing.
Saving this one into my playlist. Good stuff.
I spend 200 a month on groceries. 600 a month is half my rent. That's 7.5k a year vs 2,100 a year. Holy hell
I've been looking at a ton of your videos, but listening to this particular video, you really are a brilliant man. You just didn't buy food to eat, but you took the time out to make sure that you were eating healthy on a budget without cooking. I'm truly impressed.
It's becoming clear why you've achieved such amazing success - I'm really impressed!
Every Hormozi video drop I just realize what to do next. This dude is just something else. We appreciate you, Alex.
Each video that I watch from you is more and more inspiring. Thank you for that!
YEESSSS!! live & die by the USED CAR philosophy!! I purchased 9 used Cadillacs over 28 years, & not once ever paid beyond $4k per car..EVERY Cadillac: about 50K miles, one owner.. kept inside garage . Purchased EACH one off Craigslist, & I drove over 3.5 million miles with ro issues in luxury sedans! Paid LESS than $20K for the best of six vehicles like this!! LOVED IT, will do it over & over! Alex, you're the BEST!! Thanks for the milllionaire VALID belief!!
I’m moving to Atlanta to start my own medical writing business in a month. Thanks for the inspiration! I’m going to make sure to rewatch this video
Saving money is addictive, and it makes u feel good.
Best advice I ever got in my business (creative). If someone ordered a piece that beats the profit of anything you've done before, make almost nothing, exceed all their expectations. You can use that as a portfolio piece ( you charged 1k but tell other clients it cost 1350 for example when you show it to new clients) and they will never work with any other artist.
You buried the lead!!! The ending was life-changing. 90 days. Gamify it. I’ve struggled with wondering whether living modestly was tight fisted and poverty mentality or budgeting practically… This makes it 100% empowering and the opposite of poverty-minded. It’s wealth focused. 🙏
“MONEY” sticks to the person who pays most attention to it. 📈👏
This is great. I work my FT Mon- Fri 8-4, then I hustle my side hustle 5pm-10pm nightly.
must be great to live in america, any take out food in my country is like 50 usd minimum and we get paid like 80% lower wages across the board
This is very inspiring. Thank you for sharing what it takes to build that grit. I was shocked about the part where you had roommates and living with their dogs too! Please share more about the sacrifices you had to make to pursue your dream. Always grateful. By the way, talking as a guest speaker at other shows has shown me how influential you have become because I had never heard about the shows you are showing up on left and right. You are a blessing!
Thanks Alex Great content . Alot of motivational stuff out there. Your stuff is more tactical with actionable steps. Keep rocking
I love what you said about checking your bank account as the first thing you do in a day. I check it every week and also my vanguard portfolio but never thought I should do it every day. I am definitely starting from today. I have noticed that I love checking my accounts even when there is not much in it and my portfolio is going up and down with the stock market, but it does give me a great feeling as there is always money in the plus and always growing.
It’s not about feeling good when you check it, it’s to motivate you to grow those numbers and keep money on your mind.
So you put money into the stock market while hoping it's going to go up? What if it doesn't go up for a couple weeks or months? Like the other dude said, it's not about feeling good. It's about setting goals and continually being reminded of the fact that you aren't hitting them. You need to create the hunger to strive for more otherwise you should not even check it at all
I love this!! I do believe cooking is cheaper. You can get groceries delivered for the month. Buy rice, pasta, chicken etc in bulk.
Live like no one else… so you can later live like no one else 💥
Been checking my account first thing in the AM for 3+ years now.....and every year since I got into habit, my income has gone up as well. What you pay attention to is what you get more of, be it positive or negative.
The editing has become better and better and more interactive. I love it. Thank you.
I actually find it just a bit too much, it's becoming kind of distracting
@@itachi12748you have to realise that if it wasn’t for the editing, he’d just be talking, you might not mind that, but most people would get too bored.
Right!! Top Notch!
Ooof that living situation sounds like a rough time, but not a bad time! I'm testing a way to get by with no rent, paid groceries, and some adventurous views by moving onto a sailboat with a family who's letting me stay with them and feed me in exchange for being their crew and helping care for their kid. Ocean views in the Bahamas with no rent, no food costs in exchange for some fun and adventurous labor! I'm hoping when the waters are calm and we're anchored it gives me enough time to work on my business.
So interesting. Going through this now but really living in NYC running around like a chicken without a head.
Eggs (best on sale), bone broth, nuts (on-sale) many things you can order online for free delivery.
And I also buy pre-made salads. Making salads is so tedious. And I have moved back to my hometown. Living with fam while I develop my business. NYC was too expensive to hustle. I cut all of my more expensive expenses to give me time to grow and reprogram my mindset.
Also, I eat no more than two meals per day. Not on purpose. I am a coffee drinker and it cuts my appetite.
An *actual business guru has entered the chat. Man that's incredible advice Alex. Thanks so much for the value you provide to us all.
Crazy. I’m doing everything I need. Can’t wait to meet you and partner with you in about 3-5 years if not sooner 💪
You're so correct! Save, ¡nvest and spend for necessities and a few luxuries relatives to on's total assets ratio.
This must be an ¡nvestment with Mrs Lauren James
@@kevinmaurice9675 I'm just shocked you mentioned Lauren James thought am the only one tradng with her
@@daniellarose4160 Haha you don't have to be surprised Mrs Lauren is really good and everyone loves genuine services,she helped me recover what I lost trying to trade on my own.
Actually I trade cry ptØ currency on her broker with assistance from there top cry ptő analysts Mrs Lauren she's my professional assistant. I have been under her for 2 years now.... I've really made alot trading from her strategies in Crypto currencᎥes this period.
Same Im checking my bank account three time a day. Need to track every expenses! We're all gonna make it!
Wasn't going to be drawn into the clickbait title but It's Alex so I gave it 15 seconds to start, then watched the whole thing. This was actually a really good video.
This is why I moved to Brazil. So I can still save most of my money yet love better than I ever could in America. Go where you're cheated best
Solid advice, Alex. Thank you!! 🙌
$600 a month on food that's crazy expensive. I meal prep a protein, rice and veggie and can stay around $100 a month.
Eggs and bread can get you pretty far for 5€ a day and doesn't take more than 10 minutes to cook and clean. Peanut butter for desert and BAM! 15€/$ saved per day!
I watched this video two times..thank you sir 🧐 now I have to find the formula of doing this while being married and with kids 😫😮💨
Another thing that I found to be helpful (instead of checking your bank account) was spending 5-10mins on financial subreddits each morning and evening. It absolutely steers your attention towards that objective on a subconscious level, as well as conscious.
Thanks man, solid idea!
@@sammyt4549 Hope it helps :) pleasure
Which do you recommend?
Been doing this for 2 years now and have changed my financial life around tremendously. Continuing to do so as i grow my business. Living “broke” doesn’t necessarily mean that your life is going to suck. You need to be working towards bettering yourself.
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So comments section, will y’all give your input? I run a small music studio were I teach private music lessons. Any thoughts on how to scale this? If we upvote this enough, maybe Alex will make a video of it!
I lived on almost nothing for 3 months straight and it was so much fun, turned it into a competition. Up to this day I know I can go back to this anytime if I had to.
That’s the real value. Many people I know are trapped into working more than they want or doing things they don’t want to be doing because they have so much debt (house,car, credit cards) they need to make payments on each month.
We have magic mountain right next to us. They have a food pass. The entire year costs $200. So I get two meals plus a drink cup to use everyday. :D
yep Im learning can't really live with my parents.. I right now there now, and such and energy ambition drain as well as drama!!
The one thing that keeps coming to my mind about retirement and that is I should be spending a good proportion of the 'fun money' while I am relatively young, say under 75. My poor old dad is pushing on 80 and he is a shell of his former self. Its so sad to see. I bloody hope I have had a really good time, I have given most of what is left to my daughter and any kids I may have in the future and when it is my time, I go quickly and not as I started my life (wearing a nappy and dribbling on my self).
Unfortunately no one can truly predict what the future holds.
Yep. I'm currently visiting scuba diving spots because i reckon i might be packing that in in a few years so get those destinations in while i am fit. Told the kids I've gone SKIing.
@@christophergrear2542 SKIing as in Spending Kids Inheritance? 😂😂
@@sergioziegler4098 indeed 👍
The market is a bubble and I have heard advisors make the best of how things turn out in a bear market. How can one enlist the services of an adviser? I’m retiring in 6 months. There are comments referring to one or another but I can’t tell how authentic those are. I am stuck on deciding how to draw in retirement and spend without losing due to inflation with a huge cash position.
Video quality on another level now, congrats Alex
as someone who is already living off of PBJ's and lactaid + pre cooked whole chicken from the deli.. this is good stuff. broccoli is also cheap ish and healthy..
I put 2 cups of milk, a frozen banana, a scoop of yogurt, half cup of oatmeal, and 3 spoons of Peanut butter, blended up its about 1000 calories. easy hack
Best wealth education I’ve ever seen. Even better than kiosaki
Another great video!!!! I still struggle with parts of living broke.... Mainly the car aspect, as I've been a car junkie my entire life, lol.
Yup, definitely my largest expense
I’m not doing it this way - but it’s probably the better way overall. Have had lots of ups and downs, too much debt etc. But after 20 years of working (37 now)…make about $40k/month, spend about $30k/month, but I’m focused on increasing income vs not spending what we spend. (The $30k includes all bills, saving in 401k and discretionary spending for family of 4, which isn’t that hard to get to).
But I’d rather drive the car I want, live where I want and vacation where I want and not worry about it. $30k tho is the ceiling where I don’t feel the need to spend more if we make more.
But $1,500/month I haven’t done since college - so that’s not happening 😂.
That food section definitely wasn’t cheap.
This is the best channel I watch now. “Strip at night, drive Uber during the day”… that is fucking awesome!
Agree with this philosophy, glad to hear I'm not alone in this masochistic way of life 🤣definitely a more resilient fighting stance as we sail into recessive waters in 2023
Thank you so much for everything man.
I been listening to your videos on auto play 😂. I just know this info is all sinking in to pop out when I need it most.
I eliminated my overhead capital living expenditure by living in a solar camper van, getting fresh produce from food banks, canned tuna for protein. 10 months later, I have a network of properties I own, created and sold two companies and am about to sell online courses.
Fire video… maximize both sides of the equation 💪
This guy is a monster!!! I love his content!!!
Alex can you make a video talking about what subsets someone should explore to overall be better at the superset business
I know a guy who basically did same thing, he saved for maybe 10 years, he learned about business got MBA, worked a lot and still living with roomates, very similar to Alex. Except, he didn't achieve ANYTHING, he got like 5 business going, all of them didn't work out. He still at 30 has to live with roomates in shitty flat. He is making about 50k a year. He is saving but not much, he can't go on vacations, he's always working, etc.
And I have another friend who is making 300k a year who basically glided through life. He is a coder, he just finished school, got lucky and got a job that got him experience while he was in university, then he got recruited into another company into senior role just after graduation, then he switched jobs few times and he's driving a porche and has his own apartment. He's parents are not even close to being rich. He basically went on vacations, did fun stuff all his life, while making money.
Which one do you want to be in your 20s or 30s? Chase some millions so when you reach it you live like a monk? Or just live normaly get to 150k a year and live without stress?
So take every story like this with grain of salt, Alex may be very skilled, but he is also very lucky, he was born in USA where you can make a lot of money fast, he is white, he is very skilled salesman and have these character traits that let's be honest 99.9% people don't have or will never have. Also he got very very lucky with all the other things.
Life is mostly luck, yeah you can increase your luck by trying more, but still, you try all your life and never get anywhere.
Here's so realism for you guy
I think ur actually getting something wrong, I think what you're saying is that you have to enjoy the process.
He definitely did, your broke pal I hope he does.
getting rich yes, but how ? Basically every way of making money in itself deeply sucks, you just have to chose the one way that fits you and start from there
@@Thomas-yv5yw What they are saying is you can go all out and still lose. Take Alex's advice with a grain of salt.
OMG, as I was watching this, I got the chills, literally felt a shift in my life. Let's go!
I'd recommend that if you do buy a car for 10k to put some cash aside each month for repairs. A lot of used cars will have something go wrong at some point and it's better to be prepared then figuring out where to find cash to pay for the repairs. Great info as always!
For sure
Yes! We have been doing the used cars for years and the $1000-$2000 repairs every 6 months add up quick.
My go to for fast food, if you have one near you, is pollo tropical. Half-chicken meal, two breasts and two wings, two cups of brown rice and black beans used to be like $8. Probably $10 now. I'd eat that 4x per week, can barely even cook that cheap, and they make it way better than I ever could. It's marinated and grilled, not that fried and breaded junk.
I love cooking healthy food meal prep too, can clean and can do shopping 🥳
The awesome thing about 11:42 (Maximizing spending little and making tons) is they weirdly go hand in hand.
Dave Grohl of Nirvana once talked about once his band took off and started making tons of money from playing shows that he was too busy to spend any of it, which just increased how much he kept.
The moral of the story here is... get busy making money in order to spend less!
Even with this current crypto dip, the market has been pretty bad until today it decided to surge. Everybody was Practically Crying then. It kept dipping. That's what you get when you feel you can navigate the process on your own. Big thank to Hilder Ferguson. I'm not bothered with how bad the Market is because my assests are insured due to her advice and I still receive my profit
Those food options will come back to haunt you later. Heart disease is more expensive than taking a little time to do grocery shopping.
12:50 Checking my bank account before anything else when I wake up every day sounds like a good idea.
people fail to realize this is how alot of wealthy people started out...gotta sacrafice alot to get where you want to go..
Tacobell is cheap, tasty and macros are good depending on what you get(get the power bowls)
Video quality is getting insane. You're an inspiration my friend. I sold my company for $100M and I'm blown away by how you think. Super clarity like a consultant, and understand exact levers to pull that win in business. You are going to a BILLION quick.
Production is leveling up 🔥 after a certain amount, it’s also helpful to live in a nicer spot with like minded people. Living in a shitty apartment more often than not means living with broke mindset people.
Im a simple man I see Alex Hormozi in a dumpster I click.
On my way, following your advices! Highly appreciated, thank you! ♥
Just peanuts peanut butter and rice actually much cheap than bread, bread is expensive bro, except if it's garbage bread
Yep! I make around 15k/ month so far with my online training, we moved to Latin America! I live a very fulfilled life for $12-1500/month
get In&out PATTYs(a le carte) with grilled onions. only $1.10 each patty
It’s cheap in North Carolina but it’s going up to $850 for rent
Thanks Alex!!
See you at the winners circle!
Easier said than done when you have a wife and kids. If I was single this would be a no brainer. In The book rich dad poor dad, the rich dad said the hardest thing to manage is people. My wife and kids are my biggest bills!
Omg that’s so crazy lol I was working in Costa Mesa in my early 20s and etc I’m so happy to know you’re from there Ty for your story
Dude my face hurts for the short form type of editing in a long form video. Chill with the edits.
This is the only thing I disagree with alex on, saving little ammounts doesn't make you rich. It makes you get chronic stress like he had.
bruh so much information!!! i just made a 721 words bullet point notes from those 14 mins! and best believe it took me more than 14 mins to watch with all the pausing and rewinding.
Can't believe his brain didn't go mush eating all that chick-filet lol. My guy is sharp.