Brutally Honest Advice to my Poorer Younger Self
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- Опубликовано: 27 сен 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.
Watch this for more brutally honest advice ruclips.net/video/pt50QF6al8g/видео.html
Thank you
The problem is you don't what you don't know.
The great video, but I watched only 2 min, because it was enough to motivate me to work.
A night routine focusing on optimising sleep benefits you more than a morning routine.
If you wake up from optimal sleep you don’t need a morning routine to get you motivated
You will wake up ready to go
It almost impossible to have optimized sleep, lol.
@@danillazarev6318Bryan Johnson disagrees 🤓
YES!
If someone has insomnia, having a long list of things to do to better sleep hygiene can actually makes it worse! It’s valueable to look at the one or two things that make the most difference and thinking about ut all as little as possible
@@shirlkue best thing is 1) check health, what can cause insomnia, fix it 2) if health is ok, go for cbt for anxiety/worry. Im totally cured from insomnia by second method.
There are so many great creators on RUclips but Alex is the only 1 I can think of whose content I would pay for! Pure gold every time.
@RealAlexHormozi. Absolutely
I love this point about 'finding your passion' - it is the equivalent of being in the middle of the ocean and telling someone to find land. The only viable option is to swim. Action leads to discovery instead of waiting for some lightbulb moment. I discussed this concept further in one of my recent videos and I think so many people struggle with this.
Thats a fantastic analogy! I'll be adopting that if you don't mind
After Leila shared her day routine. I noticed that I don't use time like she does. I know that There are different energy levels of times of the day and so different times have different value. She said that she does work from 3 or 4 am as she wakes up and watchs RUclips at 20:00, when she gets tiered. So i took from it the idea. Before that on few occasions i had that I woke up at about 4:00 a.m and I did then my best effective work. But usually when I woke up too early i used to go I back to sleep. So Recently I decided to use it and if i wake up at about 3 or 4 a.m as I wake up naturaly and do the most important thing, And not watching RUclips at morning. Rather do it at evening. It works for me. It is better time allocation.
Morning routines can be a powerful tool for achieving your goals if they are built correctly. However, if you spend three hours grounding yourself, writing in your gratitude journal, and listing your to-dos without realizing that something is wrong, then you’re the problem, not the concept of a morning routine.
That's why he says he's not against doing things, not just doing them for doing sake
There's a word for it: Action-Faking.
Thank you for your brutal honesty.
I have one comment... I didn't buy your first book, then your second book. One of your affiliates sent me your launch link (I'd never heard about you). I then bought your 2nd book, had to cancel the order due to taking our own steps toward owning the life we want (we're grandparents now), and then bought both books through Amazon because they could deliver them the next day.
I lugged those "damn" books with me for 6 months and gawd-knows how many miles before I sent them "home," along with half my clothes and a shit load of other things that I really didn't want to lug across the world with me.
We're in Chile ATM, leaving for Patagonia on Wednesday, and I will still watch your videos, so please keep them coming.
I'm 99% of the way to finishing my book - stuck on the damn citations, which bore me to tears - but interestingly, we share many of the same ideas for non-conformity, business and marketing.
When I get back to Canada after a few more stops to live life on our terms, I'll dive into them (by then, my book better be on Amazon!)
8:23 This! This is exactly when I got hired in an electronics business, I was learning ins and out of that business, learning how to sell and so on. At the end of the day, the owner wanted to pay me for my time as my first day, I refused for today. I told to myself, “If I accept the payment, my mind will automatically turn into earning mode rather than learning mode”. I’m glad I made that decision!
Man, the use of eye contact towards the camera and away from the camera to convey and emphasize key points is amazing to watch. You present in video as if you present to a crowed. This is one of the reasons I find your videos so entertaining.
1. Create a good product that will sell
2. Don’t put labels on yourself to avoid limitations
3. Put in the work.
4. Don’t listen to others opinions about you.
5. Be in a good environment.
I needed to hear this.
best thing to take away from this: put in the work above everything. wake up and put in the work. When you can get yourself to do work in leu of anything else, you won't have time to put labels on yourself, nor the time to listen to others opinions about you. You will eventually have a skillset to create a magnificent product, and you will be good enough to find and attract a group of people who will help further your growth and provide you with the right environment.
You missed step 0. - To know if people want the product you are building. It can be an amazing thing that one sees the interest in getting.
Yes excellent advice .
@@killiancross651As long as you solve a problem, remove the pain from someone, your product most likely gonna have demand.
4:18 days in and she our in my c are
Pppopp
Been watching Alex for a while, read both the books, have told all of my friends to also read them - so I agree that there’s power in compounding. But Alex does not mention that his stuff is growing so fast because he has been making more and more content and reaching more people. It’s not just that “100 people told 20 people each,” it’s also that he grew from 200k subs to nearly 2 million.
I was here since 60k subs and was so surprised why doesn’t he have more. Then headcount increased rapidly almost overnight (in like few weeks/months).
He has made that content and told us in 3 different videos.
He actually does that in his book and in a bunch of videos
@@JACKNASTY_ right, I forgot about him mentioning it in his book too
But THE THATS WHY... and How.
There are many financial coaches who excel in their profession, but for the time being, I employ John Grayson White because I adore his methods.>>
he's mostly on Telegrams, using the user-names
John grayson 257★★★★★
Nah this was a legitimate. No nonsense approach to life in general. Especially the part about why we care about what others think 🤔🤔. Instantly subscribed.
Saw this uploaded a couple of days ago, but didn't get a chance to watch it through... Glad you reuploaded, Thanks!
There's so much value inside these videos, I need to constantly go back 10-15secounds just to truly comprehend what Alex is saying. Alex, if you read this, you are changing my life. I am so grateful to be 19 years old and have someone like you to learn from.
Hallelujiah!! I thought I wasn't cut out to be an entrepreneur because I wasn't dipping in icy water, writing my feelings in my journal and not getting enough sleep! I was wondering how on earth others find the time to grind and have solid routines when I'm out here drowning at the back of the ship. Thank you for this.
do people still fall for this? @UCV3IIESaEnTU8Ut_lZx2rpw
My morning routine, waking up, puttig my clothes on, walk downstairs, work.
I just have to talk you how much I appreciate your content! It’s changed my life.
This is one of the biggest things I’ve paid attention in the whole self development. The difference between what people say and what they did.
Refreshing that someone successful will talk about a bad childhood. Change the trajectory, change your life despite the hardships ❤
My morning routine is eating eggs outside, no matter the weather. It takes about 2 minutes extra to walk, and boosts my mood and energy the whole day
Absolutely agreed on the morning routine point Alex - wake up and get straight into flow instead!
brooooooooooooo the first two notes sooo fucking spot on. i did exactly that. i began focusing on the schedule instead of what made me rich in the first place, which was making the money!!! NOT THE GOT DAMN SCHEDULE
Alex is so right about childhood. Literally born to a entrepreneurial parent who invested in my education. Worked in her small business. Still had to find my own way.
Real talk! Honest advice for those chasing more money and growth in business and self. Let's level up together! 💪💰
@15:15 Wow. This hits it out of the park. Knowing how to work through the emotions and then using them.
You are changing people's life to much better, keep going, this is the best thing you do in your life to influence people to get better and help them determine their flaws and misconceptions. Thank you very much for enlightening us 🙏
Bro this is better than going to business school
My morning routine is 7 minutes. The problem is that people want everything regardless its practical or not. I have only essential things what pushes me forward.
1. Turn off alarm.
2. Drink water.
3. Take clothes.
4. Brush teethes.
5. Dress up.
6. Check calendar.
One of the better motivational videos that’s not loaded with a bunch of BS pop spirituality. New sub for that reason
I feel like morning routines that make sense are reading stuff you care about/is important meditation (with reflection and gratitude maybe), drinking enough water andworking out but not more than this
Currently trying to get foot in fitness industry by finding low pay gym job , former hard drug user two years sober now 22 years old. Finally understanding I never needed stimulants to be best self
“The 2nd best time is to start now” Time is going to go by either way, don’t waste it!
5:07 so harsh😭🔥
😂 ok 💀
Thank you. You always provide so much value. It’s a privilege just listening to you talk.
I used to watch these video's instead of working but now i Listen to them while I'm working
9:25 Education value
11:14-14:26 Marketing & Sales vs Brand & Product
When you've overcome the hardest challenge of the day in the morning (whether it is a workout, studying, a building a project, etc.), you've now gained confidence. You're far more powerful because of the triumph that comes with overcoming the greatest challenge early on in the day.
Everything afterwards feels far less challenging. When I wake in the morning, I go on my run. Why? Because I know about the "law of diminishing intent"...when I have an idea I take action right then and there, when the emotion is intense and the motivation is strong.
Do it NOW! Stop thinking about it! Organize your tasks from hardest to easiest, and take down the hardest ones first! The momentum and confidence you gain after it's all over are insurmountable.
good point
thanks for the reupload! This one is incredible I'm watching it again to finish my writer downers, haha 👍
Wow. I’m saving this video to re watch every time I feel I am getting off track
the editor needs a raise, you might want to click away but the editing just keeps you
Dear Alex (and team),
SO inspired…
I’m 43.
I’m a headteacher in England.
I have ZERO experience in your world but learn fast.
I want to work for you.
All I can offer is someone who will give you 100% effort.
I know I’ve started 23 years too late but as your video encourages: we’re all gonna die, so why not try…
Have a great day.
Thanks again for great video which I know will change my life.
THT 🤞
I am turning 21 this year. Everybody around me says to chill out enjoy your life. Hearing opposite opinions like this feel extremely refreshing.
Thank you for the advice ❤
Yes brother I feel the same way. Like Alex said change your environment and surround yourself with people you will help you become successful. You are who you hang around and spend the most time with they will influence you heavily so choose your surroundings very wisely.
For me the list that you showed was to short time on a screen… even to short to pause. Idk if you mind that info but it’s just my opinion
I love the identity protection and shifting at the end of the video. So much of the video explored the question of why was Alex successful, and in my opinion, shifting to an identity that serves him and protecting it is the best answer to that question.
he's enneagram 3
For those of us in the ADHD reality, set out to do the "WorK" in short but structured, ultra focused blocks of time, taking break periods filled with the "rewarding" actions like cold plunges, journaling, exercising, eating, etc.
I feel ya. rewards are very important, and a timer too.
It’s kind of insane how much a timer has helped me out with my ADHD haha.
With the timer clocking down it makes me want to get done whatever it is.
And yeah those rewards for me make a BIG difference 🙌🏻
You can earn and learn at the same time💡
You should’ve payed the editor the 100k He was obviously talented and confident and someone else confirmed the value. A junior editor like that is hard to come across and you could afford it. Taking advantage of a young employee’s hunger for success to underpay them is not the best way to build your team. Otherwise I love a lot of what you put out
God, everything that this guy says is like hearing my thoughts out loud!
The example with the book is really interesting... He says it's the quality of the product that made it sell, but I think the quality had more to do with it continuing to do well. Digging into it a little more, 1) Alex created a BRAND- himself 2) Made a single post about it (Marketing) - These two branches initiated the sales in a massive way. And then good product and brand worked together to continue to make his book a best seller! Really interesting concept of using the product as a brand strengthener and people who enjoy it and your brand as marketing. Stacking functions. Congrats Alex, thanks for sharing your thoughts and ideas with us.
Morning routine is originally a military thing. Get up, make your bed, brush and shave, exercise, shower, breakfast, get dressed for work. Then work. Purpose is to get done with all mundane shit so that the next 14+ hours can be spent working. WORKING. It also has the added effect (which most don’t exploit when they’re younger) of making it a lot easier to stay sober by going to bed early. Again, so you can spend that time WORKING rather than being hung over.
I’m sooooo happy this video is back.
I checked every day to see if is back. 🎉
Watching this over and over and again, this is excellent information
I wasted my 20s not knowing what to do and now i have to work next 10-15 overtime judt to make up to self but even with that i will always be behind young kids who start now so beter now then never/later.
Thought provoking stuff, thank you. I understand the ‘build a great product’ piece, but how does your view on the 1000, 2000+ hours and working for much longer on building a great product sit with the idea of launching fast with ‘MVP’ etc to iterate and improve fast that way?
The comment about the kids starting businesses at 13 hit me! Im 25, started doing business at 22. They have a massive head start! And i wish i had even known about this stuff at 13. The books ive read, i could have been on such a better path.
Request 🙏: please add the section timeline in your videos, it helps a lot with revision and quick recap
It all comes down to ONE thing and ONE thing only : How long can you endure the pain the adversity the agony the failure the publicly being ashamed .. If you don't get a pay-check and if your business wasn't handed by your parents to you, if you started it to quit your 9-5 job, whether or not you will eventually make it will come down to ONE thing, which is your tolerance for long term pain..
Agreed mate. A lot of this comes down to how much you can endure pain.
Outstanding video! Thank you for going straight to the point! You Rock!
Listening at .75 is perfect
This is more about selling that book than anything else... I am very interested in reading it now.
WOW! This is what I needed, You're a lifesaver, Thank You.
The modern day Seneca. Great framework to think about important things in life: business, self view, etc.
ps: I've never read Seneca
I'm in a weird spot in my life because I'm usually too stubborn to hear this shit. Thank you Alex. I was already trying to transition into a growth mindset and correct course on a lot of bad decisions and ideas I have had in the past. But you are putting rocket fuel into the mix and it's greatly appreciated. Keep speaking truth to power I think you are a brilliant light in the dark. Thanks again.
this man is literally changing my perspective on things. I'm 22 and I'm learning so much. thank you!!!!!!!!!!
“Pay down my ignorance debt” 💪
So I found $100M Offers on Amazon. It was recommended based on my reading history. I'd never heard of it before then. I bought it, didn't touch it for a wile. Bought it based on a whim because of the title. Only later, when I actually fired up my Kindle did I realize it was by that guy from RUclips who looked like Wolverine with nose strips 😃
I'd been following Alex's channel for a few weeks prior. Just had never seen vids yet talking about the book. Talk about happy "accidents"
It definitely depends on what your goal is. That morning routine may be beneficial if your goal is to make money then work. If your goal is to take care of yourself physically, emotionally and spiritually then you're routine needs to be reflective of that. If you want to make money AND take care of yourself, well then,... you'll need to do work on both routines, won't you?
Though I'm usually very critical when it comes to these sort of videos, Alex smashed it with this and I've learnt so many valuable skills! Thanks so much man Ill be watching more of your content.
This is insane advice 😮 if you didn’t get it listen to it again
18:21 “Make a sale, you'll make a living.
Build a relationship, you will create a fortune.”
Holy shit. He thinks so fast. I have to pause from time to time to absorb. This guy is exceptional.
This information is truly priceless! So valuable to people of all ages and exactly what I needed today. 🌟
Damn dude this video really had my attention from start to finish.. will definitely be watching this one more than once. 💎
Not gonna lie when I first saw Alex's thumbnails my first though was "here is another financial guru..." then I watched video after video and damn.... This man is like what a lot real people been looking for. A man talking about facts, no dumb "secrets" routines, hacks or weird stuff to get rich. More than that is not only about money. The way he make these concepts clear are a big benefit for anyone's life in different aspects.
Thanks for the advice.
How do you know if,when you entered race, you got on the wrong horse?
Eg buying a long-term existing business only to find out that you may have already reached saturation point for your main product and government has passed legislation potentially not viable in 5 to 7 years.
Alex we cover you in our latest video brother. Your influence and help Is always appreciated, but get your diet right DAWG
. . . Simply, CLEAR entrepreneurial 'common sense' observation & advice ( without-any-of-the-bs ) . . .
In my 50’s. Starting now. Successfully homeschooled my kids first. Great work, Alex and Leila.
Having routines is great, but they have to be the right ones. The simple advice is to make your business your morning routine, so working on it happens automatically.
I love listening to him, always get a little nugget of gold ♥️ His wife is brilliant too.
Astonishing content Alex 🔥 Thank you to share your journey with us. 💯 God bless you Man, you deserve it.
Oooh i just spent two years working on the product and it’s good 😊 I’ve been in the industry 10 years now and have put the hours of learning in!
at times i’ve been stuck in thought pondering about my limitless potential, more then acting towards that very fact. within the awarity of choice and each decisions depth, after a certain point along your journey you begin operating in a sense of consciously and unconsciously choosing improvement, growth, discipline, etc. jailing yourself in thought will never amount to the active choice of taking action.
all other reasoning becomes disguised by excuse.
if you only know how to make swords, each morning you start a fire… then begin again
This thing is ridiculously good.
Alex could you make a video on how to set boundaries in relationships please 🙏🙏
F*cking refreshing mate... just brutal honesty. big love
Where could I get me some brutally mid-priced juice on a brutality average day at brutally 2pm?
Same place you'll find your balls@@movement2contact
Alex is such a boss he needs two microphones just to lift his wisdom bombs.
Awesome video. CONTENT SUGGESTION: go into the BRAND compounding section a bit more please! Would love to see a video on that if there isn't one already.
Just brilliant!
Hello, I would like to ask you I'm searching for a person who can help me to start a POD business with Amazon, are you interested?
Great advice, thank you
Hello, I would like to ask you I'm searching for a person who can help me to start a POD business with Amazon, are you interested?
Thank you for this content. It makes us learn to think critically and makes the world a better place.
Now my morning routine is fucked 🤦🏾♂️ Either way, Alex you’re awesome man. Thanks for dropping so much game 💯
Alex is the gift that keeps on giving! Thank you for your wisdom sir! 💕✨
Hello, I would like to ask you I'm searching for a person who can help me to start a POD business with Amazon, are you interested?
THIS. I've been focused on the wrong things thinking that's what would help when in reality it was just me avoiding what needed to be done and I didn't even realize it.
This is life changing information, for free, from someone who has done it many times. What an absolutely wild thing that people take for granted. School isn't teaching this, fuck school after like 4th grade.
Get a good night's sleep at 10pm latest and u wake up refreshed and charged work like mad in the morning. Goin to bed after and u wake up tired. I used to always sleep at 12-2am and I didn't get work done or have energy. Now I don't need any caffeine. I know Alex and Leah always go to bed early too. Just saying a good sleep helps focused.
The cold water can be a long shower with normal to a bit on the cold side that will not be put until sleep.
In Asia I didn't have water to put to to sleep in the shower lol. But the cold water shower in the mornings definitely took getting used to in the mornings before getting ready for school and I can say that it woke u up but always had your brain thinking so many things to start your day. So I think it's just no different that your mom saying she'll throw a bucket of water in you, in bed if u don't wake up!😂
When u look at it in this way. It's just stop being lazy. And be optimal. But 3 hrs was nuts! Go to bed by 9 maybe, and wake up at 5-7 then have a shower and get dressed for the day and sit at your desk.
The earthing thing I understand. Walking barefoot to release all that's radiation/electric charge from our bodies definitely have more clarity and less aches and pains. But u can just go walk outside on your lawn in summer and have your cup of tea and think about your plan of action. But sadly in winter it's a no way 😂. So if u are building your own house, maybe have an indoor out door garden that has a roof but earth so can walk on. Lol again common in some Asian homes. But if not maybe not the winter. But still do u need to walk a lot no. Just let electrical charge flow from u into the rath and earth u. So. What a minute or few?
I don't know why they make ppl do these things in some glorified way to make money and views and hype about ice bathes.. I mean must be for those who dont shower.
I really think the Japanese houses and ppl back in the day had it right. Wake up, and go out to the garden to get some food. Lol
U had your cold shower, and earthed feet and early sleep and now work hard.
Brilliant
Morning routines can be good, however overdoing them can prevent one from actually working
The Best time to start was when you were 10. Be born to an Entrepreneurial Parent, who puts you into their small business, and invests into all your education as a homeschooled student…
… The Second Best time to start is Now.
Thank you Alex