Why you should NEVER listen to your parents at any age...
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- Опубликовано: 24 июл 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.
I love my mother, but she wanted me to take a job in a tech company instead of doing RUclips (when I had 70k subs), I didn't listen and last month I made the same amount through my youtube business as I would in a whole year at that job. Listen to Alex kids.
That's deeply inspiring Paddy, especially for noob RUclipsr like me. Have you made a video sharing your story?
⚡️⚡️
Hey paddy! Loved your talk on creator now the other week. Funny to see you follow Alex too!
Inspiring story bro
Thats right its your life, you dont want to live in regret
“Most people only need to make 4-5 good decisions in their life.” -Warren Buffet
Should I start buying lotteries, gambling small from now on:)
I just found this channel today. Lemme tell you something, You are WINNING the title and thumbnail game. You will eventually be a huge RUclipsr.
Same brotha now I’m going to catch up in my free time or when I’m driving it’s better to listen to driving instead of the radio
Fortune teller 🫡👑
@@fabiopreka Thank you
time traveller
💯
Wish I heard this 10 years ago. I only realized this at 27. My gut always told me they were wrong, but I was programmed by them to think they were always right which wasted a lot of time in my life. Being a good kid that always listened to his parents cost me. I'll be turning 30 soon and have since changed things for the better ever since I realized this. I'm on track to consistently make at least 3 times the amount I've ever been able to make annually soon. Some people love being right because it feeds their ego, but the thing is it's so easy to be right about what doesn't work, and it's extremely difficult to be right about what does work. People, in general, are very selective with how they present their failures if they present them at all, and by default will only talk about the times they are right about stuff that is often inconsequential in the grand scheme of things. I subscribed recently. This channel is a godsend!
You and me both brother ! I’ll be hitting 30 soon, still learning to trust my instincts not my feelings.
-You get paid for what you do, you get returns on what you own
-The biggest risk is not risking
-Mistakes love a rushed decision
Great advice. It's important to realize that parents can't teach you everything, and are unlikely to be even the best at anything. They simply want you to succeed.
A person in your position could literally do anything with their time.
It's generous of you to give back and help to lift up others. Thank you
Never listen to anyone Dear to your heart, because you are Dear to their heart too so they don’t want to see you get Hurt….but you must get hurt BAD to WIN BIG
Coming from a long history of listening to my parents, it took me many years to realize their advice was what held me back the most. Not to say it was bad but it was the wrong advice for me and what I wanted. And Just as you said it was based around what's perceived as the safer bet, they doubted ideas around starting a business. I can relate to this, glad I found your channel thanks man.
My mother tried to get me on safe 9 to 5 route, my hardest critic no matter how much success i get. Its sad but her doubt drives me to success
Yeah this is great stuff, straight value the entire video and no bs.
Finding your channel has been a game changer! Thank you so much!!
My folks have done and are still doing well. I look up to them a great deal. But, to your point, they still want me to take the most careful, "safe" route possible. Definitely risk-averse for their kids, even though the best decisions of their lives came from taking risk.
I have parents who never listen to me even as an adult. Every time I try to give them advice, they just threw it in my face. I wish I had a different family.
Thanks Alex, I needed to hear this today. I listened to my dad and joined the family business, it's getting toxic and dad's leading me down a similar path he did. Dad sacrificed his relationship with mum for his business. I'd love the money but wouldn't give up the love of my life for it, I'd find another way to make money without doing so. Keep up the good fight brother.
This has been the most recent, and most powerful revelation I've had this year, and it really only began to become clear to me in the past couple of weeks... as I'm considering the thing about you being the average of your 5 closest peers, and realizing that I need to fix that - I am now watching this video.
Now, how to find that better network of peers... Alex, you're killing it man 🤘
This short 6 minute video is one is the most valuable videos I have watched. Thank you 🙏🏽!
By far the most underrated channel on RUclips.
alex i want to thank you for this channel & i want to ask you take another step in this journey that im sure youre already thinking about
live q&a video call with your audience. do it whenever, however often you wish, & make it valuable to yourself as you naturally would
this would be such a step up in terms of building a close knit to the grave follower base. regardless of $ you earn, the subscribers count, the likes and comments. beyond this.
this does something far more powerful.
it builds love in a community. the true profit is the seeds you share with that community & what those seeds grow into in a decade, in one hundred years, in one thousand years. forever.
you are doing a lot of good with this channel Alex i appreciate you more than words can grasp.
stay strong.
Your growth is crazy. PROVIDING VALUE!!!
"But I learned the skills that one by one I was able to assemble and assemble on a belief standpoint of the world with the character traits to reinforce them to eventually yield the success that some people think is cool"... This is one of the best business related "quotes" I have ever heard...Deserving of my 1st comment on RUclips
This channel provides so much value it’s unbelievable. Such a hidden gem. Thank you Alex for all of the wonderful content you put out
Very few in my life criticize my decisions but it's the "voices in my head"...what I think they are thinking, that can hold me back
The more I listen to you it feel like my I.Q's doubling. You're so invaluable sir.
Alex you are 100 percent correct !! I’m glad I subscribed
alex you’re like Polo g - you never put out a weak verse. i had to rewatch this multiple times.
Love the message Alex. Been loving your content, keep it coming!
this is literally the conversation I had with my parents this morning as I told them I am leaving a job to start a company. Their response: isn't it too risky to do so? Perfect response is in this video 🔥
And three weeks later you were crawling back on your belly, asking to sleep in your old room. :-)
update?
@@schmetterling4477 failure is part of the learning process
@@conradmbugua9098 Not if its permanent and never gets you out of the parental basement. :-)
@@schmetterling4477 you can choose to learn from the experience or live a depressed life in your parents basement. Remember skills and knowledge can never be take away from you. Also seen people bounce back from being dead broke and having debt to the point of being jailed, it's tough but doable
Insane advice, thank you Alex 🙏🏻🙏🏻🙏🏻
Wow man, you’re speaking my language. So blessed when youtube blesses you with a recommendation and they become your new favorite channel.
Found you today and can’t stop watching your vids so much value.
Hi Alex! Thanks for doing these videos. Very valuable, having you around here and on twitter is doing something positive to my mind. Thank you!
Man I love this. Truly hit my core.
Loving the videos lately. Thank you for the great advice!🔥
this channel is blowing up! pleas stay consistent and dont change your format! Its one of the most informative channels right now!
GOLD! Was sitting in college after high school at 18, taking massive action with no risk with my business and thinking that it was all going to come to fruition after my parents ideal plan for “starting a business” continually until I dropped everything and a few months later, I was generating over 6 figures in revenue for my business that set my mind free 🧠
what type of business ?
Which business
what business?
Business?
Just found your channel yesterday and really like your perspective, it’s unique. Thank you!
He’s the best unheard of channel on RUclips and he’s about to blow up!
I love this guy so glad I stumbled onto his page im loving it!
Alex I'm really happy your channel is finally gaining traction! Living what you preach and leading by example. Admirable man.
Amazing video, just found your channel now. I startet my first company two years ago besides my studies, now i am finishing my bachelor and starting a new business where i am putting all my skills what i have learned together to fking kill the next years with my new company 💣 Thank you for the energy 🚀
I swear you never put out a bad piece of content 🐐
listen to you and agree. Do your research. Don't blame your parents. Question what good they tell you and descern what you feel is right.
Thank you Alex your channel is gold
Alex dropping gems! easily becoming one of my favourite youtubers
loving your content, keep them coming!
Thank you Alex!
I can’t believe you’re giving us this content for free. This is worth thousands
and that is why people stay broke and get taken advantage of. look at the knowledge he gives freely.. now those that put the education to use, you 1. will pay it forward and 2. keep him in mind when it comes to future investments and deals.. this could be his cheapest form of advertisement for future revenue
@@cattywampusmcdoogleand?
Great channel my man. Luv the information you're giving. Keep going👍
Micro speed, macro patience
Money loves speed, wealth loves time
I watched since you started you are so amazing for making these videos for us. 🙌🏻🙏🏻 thank you
I thought that I was crazy that I had that mindset... thank you for sharing it!
Dropping jewels today Alex. Appreciated as always.
Thanks, Alex for the inspiration!
Thanks for this Alex.
Thank you for sharing this. Truly
Great videos man! This channel is a hidden gem. Glad to see it growing!
Great insight thanks for droppin gems
You’re killin it Alex! Keep up the content 😄
Alex your stuff is amazing! I’ll bet you’ll be at 1 million subscribers within the next two years as soon as you start getting on other peoples podcast and get some attention. Thanks for sharing as always!
I’ve received so much value from your channel, thank you so much about all the content 🙏🙏
What abt CR ? 😂😂
I have recently discovered your channel. I have only one word for you: Respect.
You just made me remember 10 years ago I took a decision which changed my life (a new job in a new country where I did not speak the language and I did not know anyone) and my mother was not convinced I should pursue. Best decision ever in my life as I met high quality people and my knowledge drastically improved. A lesson I learned is to never settle.
Parents not always have the best interests for their own kids. It is a sad but true reality.
Hi i need help, want to know how did you do this. Because i want to make a similar decision
@@ianalvarez5937 do your research before taking your decision. Look at cost of living, work opportunities, transportation (some countries rely on public transportation in the big cities),...
Thank you Alex.
Thank you:)
Thank you bro for what you do 🔥
Once again you delivered.
By the way nice inspiration by Vincent James on your Book description.
I am most certainly a different parent bc my children are today young adults more wealthy than me bc they listened to my life lessons so they don’t repeat the less fortunate choices I did and are now soon to be first generation financially free and happy👏🏻
Thank you so much man
Bro! You are going to explode this thing. Just a few days ago you were at like 16k subscribers. Great content. 👍
Congrats, Alex, your channel is really starting to take off!
Great observation. 👍
The economy hardship, recession, unemployment and loss of job caused by covid pandemic is enough to push people into financial ventures.
I have secured financial freedom by investing in bonds, equities, EFT's and some digital currencies
@Sterling Pellegrino That's why you need the help of a professional who trade and understand the market more to earn good income. These professionals understand the market like it's there own farm and makes maximum profits for investors.
It's surprising that people are so scared and discouraged by sudden drop in value, most crypto traders and investors are less knowledgeable about the dynamic of cryptocurrency. It's a time to buy the dip and connect with good traders that knows the Ins and outs of Wall Street wizardry. I'm covered and secured about the market thanks to TRADE EXPERT Mrs Tracy walker ✅
@@kathleenlarry2118 wow I'm just shock someone mentioned and recommended expert Mrs Tracy walker , I thought people don't know her.... She is really good and awesome !
Mrs Tracy is obviously the best broker. I invested $4,500 with her and she made me profit $48,100 in 2 weeks and 3 days. It was mind blowing.
Wholly crap your subscribers quadrupled in a few days. 👌 Those some good gains haha 💪💪
Im commenting to say thanks and to hopefully help move your content to the masses quicker. ❤ Love your work Alex. 🙏
Nice vid! Thanks alot for the free truths!
You worded it perfectly. Great video!
You have amazing content. Thank you.
tysm!!!
so glad I found your channel bro
Great content as always
Crazy value man thanks for sharing
3 videos in and already one of my favorite channels
I like that you not doing youtube for an income like so many others. You are a real teacher not a fake one.
Man your advice is gold!
Very smart video, many thanks man
ive listened to this atleast 40 times, it just motivates me..... a reminder to just bet on my self.
Man I’m so lucky to have had my girls at an early age cause. I’m very open and supportive as to what they want to do in their future. At the end of the day it’s their lives and I’m not here to impress no asshole with my kids career. I’ll advice cause I’m in this shit too and help however I can but to brainwash them into getting into some BS just cause it sounds or looks good for the parent? NO WAY JOSE!
Where the fu*k was this advice 20 years ago?!? Sport on, brother!
BTW...FANTASTIC book! I just picked it up on Monday, and having a hard tim eputting it down. I've been in this industry for 11 years, and this is book is already top 3 business books I've read. Well done, brother!
I preach the same thing, if I had listened to my parents I wouldn’t have started my STR company and making 60k a month now.
So many good quotes.
If I listened to my parents, I would have been ruined.
impatience with action, patience with results
Thank you, sir.
another expected banger. thank you
Crazy .. what a wisdom!
I absolutely love listening to him , great mentor 👑
Parents usually want you to take the low risk low reward path, they just want guaranteed success
Also to sleep better at night
Let’s just listen to this 20 more times today.
True, some people will always prefer things that are less risky. Fear of failure is useless. As you said, failure is part of the game and often a blessing in disguise. 😉
I listened to my dad about an investment that he said was a terrible investment , I was looking at the charts and my analysis was indicating that the price would sky rocket . I listened to him and the price jumped way above my target and I missed my first million dollars , till this day I do not listen to what he says when it comes to investing
Congrats on 1M subs 🎉
Amazing video… I would change it to not listen to them regarding business.. they can still have good life advice 👍
It would not get nearly as many clicks.
This channel is PURE GOLD