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I lived on $0 income for 3 years growing my business...
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- Опубликовано: 13 июн 2022
- Want to SCALE your business? Go here: acquisition.com
Want to START a business? Go here: skool.com/games
If you’re new to my channel, my name is Alex Hormozi. I’m the founder and managing partner of Acquisition.com. It’s a family office, which is just a formal way of saying we invest our own money into companies. Our 10 portfolio companies bring in over $200,000,000+ per year. Our ownership stake varies between 20% and 100% of them. Given this is a YT channel, and anyone can claim anything, I’ll give you some stuff you can google to verify below.
How I got here…
21: Graduated Vanderbilt in 3 years Magna Cum Laude, and took a fancy consulting job.
23 yrs old: Left my fancy consulting job to start a business (a gym).
24 yrs old: Opened 5 gym locations.
26 yrs old: Closed down 6th gym. Lost everything.
26 yrs old: Got back to launching gyms (launched 33). Then, lost everything for a 2nd time.
26 yrs old: In desperation, started licensing model as a hail mary. It worked.
27 yrs old: "Gym Launch" does $3M profit the next 6 months. Then $17M profit next 12 months.
28 yrs old: Started Prestige Labs. $20M the first year.
29 yrs old: Launched ALAN, a software company for agencies to work leads for customers. Scaled to $1.7mmo within 6 months.
31 yrs old: Sold 75% of UseAlan to a strategic buyer in an all stock deal.
31 yrs old: Sold 66% of Gym Launch & Prestige Labs at $46.2M valuation in all-cash deal to American Pacific Group. (you can google it)
31 yrs old: Started our family office Acquisition.com. We invest and scale companies using the $42M in distributions we had taken + the cash from the $46.2M exit.
32 yrs old: Started making free content showing how we grow companies to make real business education accessible to everyone (and) to attract business owners to invest or scale their businesses.
34 yrs old: I became co-owner of Skool.com to help the many people who want to start a business online do so.
Today: Our portfolio now does $200M/yr between 10 companies. The largest doing $100M/yr the smallest doing $5M per year. Our ownership varies between 20% and 100% ownership of the companies. Many of them we invested in early and helped grow (which is how we make our money - not youtube videos).
To all the gladiators in the arena, we’re all in the middle of writing our own stories. The worse the monsters, the more epic the story.
You either get an epic outcome or an epic story. Both mean you win.
Keep crushing. May your desires be greater than your obstacles.
Never quit,
Alex
FULL DISCLOSURE
I make content to make money - just - on a longer time horizon than most. I want to build trust with business owners so we can find the best ones and help them scale. And if they’re awesome, write them a check and go all the way as partners.
![Charlie Munger Changed My Life [8 Lessons]](/img/1.gif)
You do deserve the audience man! Absolutely. Most valuable business/life content I've come across on youtube hands down.
Yep, definitely a lot of value on his channel
Yea bro I binge watch this guy all day bro. I absolutely love him. He has a very friendly demeanor. And the content is great. I learn so much.
This guy is full of bs 0 income from one business but living of six figure RUclips income you digest me I spit on you fool.
Most definitely a goat of this decade
You know what I appreciate most about this? Being able to increase my belief in being the person that you describe, visualizing it, practicing the vibe of it. It’s like hanging out with a person of high value, thus raising my level of “the average of the 5 people you hang around with”. Thank you Alex 🙏
Absolutely :)
The “only calves” singlet is golden hahaha good stuff Alex
I am 20 and my saying is: Life is a Game and it need to be fun!
Thank you Alex! - Would be great to see a breakdown of how you currently run your businesses and how you are scaling them? 😁 awesome stuff
Go to his channel and look up his playlists, there is a full course you should look at, it’s free
great idea
This guy is full of bs 0 income from one business but living of six figure RUclips income you digest me I spit on you fool.
Mozi is the GOAT in this space. Damn.... Gold nuggets galore.
Many people are not ready to make the sacrifices you did in the initial stages, but that work ethic is what set you apart and helped you go this far.
Mate! Unbelievable how many gems are in each of your videos. Sincerely, thank you for showing your journey and gifting all your knowledge to humanity. I've watched a number of yours videos and it was confronting for my ego at the beginning, but your humbleness and how you hold yourself is beautiful. All the best for the things that money can't buy :)
Thank you so much for this video, I am newly self- employed and just got your book on audible and so much to offer here in Sales marketing space. I have always struggled living paycheck to paycheck. Made me write down my monthly bills and seeing your seasons with you and your wife living on zero is a head spin mind set I need to acquire in my life. Thanks again @Alex.
I'll get straight to the point. I've done a lot of drugs for long periods of time in my life. I changed into a person that is process driven and I'm grateful for all your information. You have given me a lot in terms of life and business. You represent what it means to be an awesome person!
I love how you've been able to grow your audience with such business-munded people. I love your "Only Calves" sleeveless almost as much
I consume all your content religiously to help get my small business to the point where I'm not stressed about rent each month. I can not say enough great things and you've truly changed my life. What I loved about this video more than the rest is the the incredible humility. I already think you're a rockstar, funny and inspiring, I found the over-emphasis on humility in this video to be much more motivating and like I could relate to you more. You changed my life Alex, please keep up the amazing content
The entire 2022 I've seen my company grow 16% each month on average and I'm 3 years in full-time in a couple months. The story you just explained is so very similar to mine. This has me very exited about what the following 6 months has in store for me!
Hi Alex! I am staring a gym business here in Pakistan and your videos really motivate me to try and emulate your success! Staring with one location but am going to open more locations as soon as the business make profit. Thank You
Your Indian neighbor here👋
I do this every year. Most self employed only make 20-30k after expenses and taxes.
Wow - Extremely generous with info on your personal life. Thank you!
As always, I learn so much from you and I keep watching your videos. As an English teacher who has to proofread students' work all day every day, something caught my eye instantly, and this is going to sound so so granular and insignificant but in your caption "piece of mind", it would look better as "peace of mind." Thank you for your true intentions of trying to help people achieve so much more than they ever thought. Keep it real!
Alex, love the videos you put out. The impact you are making on business owners is massive and it's amazing to watch. I would love to see a video breakdown of dividends and how you would have taken them in your first 2 companies, and how you take them now.
Much love thank you!
Imagine being an investor, doing good financial freedom No stress, all the free time to do whatever whenever.. my goal..
He has really made a good name for himself
This man has changed a lot of lives in the states, I'm interested in working with this Mr Francis Smith
This guy is full of bs 0 income from one business but living of six figure RUclips income you disgust me I spit on you fool.
People like me are scared of investing in commodities because of the rate of unprofessionals today, but this is awesome just made a few research about him, he is good wow 😯
Your blend of humility and confidence is a true gift Alex. I'm hella inspired by your story man...
that is fucking incredible man, not just the come-ups but your actual storytelling and genuinely heartfelt advice. you are unstoppable.
Alex. Love how you say you're just making these videos to help and that you like doing it. I make really good cash but always learning how to scale and grow - love your channel - your straight up approach - and thank you so much for doing this for everyone. I'm sure some of these fucks click the down button and hate on you, but just know that the majority of us are grateful and in awe for what you do for us so freely. Peace, man! I'm a 22-year veteran and I Thank you each and every time I watch your videos - pure gold! 🍺🍺
Currently living on $550/month for two bedroom apartment and I might just go ahead and wait out moving a little longer instead of spending $1600 for the same thing in a bigger city
Where the eff do you live that you can get any kind of place for 550?
@@RA-xx4mz that’s what I’m saying ! I stay in LA paying $950 for a 2bd
One of the most simple yet insightful wisdom shared. Thank you for sharing and breaking down the income to expenditure ratio of you and Leila's. The transparency is truly important for many to see and understand the values and decisions by how you to choose to live. Gratitude.
Those yellow highlighted points are hilarious and random
Make a series! Like for example: how I would market my restaurant, hair product etc.
Dude this timeline of how you started from $0, and steadily turned that to massive amounts of wealth is so killer. Your action and hard work ethic is so inspiring 🙏 God bless!
Another great video with phenomenal insights! Here's a question and idea for a video topic: It revolves around health and fitness as an entrepreneur. Entrepreneurs put in long hours and often operate in a high stress environment. Please share some tips on maintaining our health and fitness while building and/or running a business, so our bodies can sustain us on our journey.
Thanks Alex for giving up your time to make these videos for us young entrepreneurs, even though you don't have to. We appreciate you!!! Thank you. Linton 48yrs old in South Africa. 3yrs an entrepreneur
Young forever
15k on food between you two makes me feel better about myself
Thank you for putting out this content, Alex! I’ve transformed my mindset and marginally increased my bank account with your ideas. Looking forward to learning more and executing on your information. 👍
incredibly generous, thanks for all the insights alex
We love you bro I thank god you do this. My life is going to change with everything you do for us
I just have my notifications on, to catch the advice early.
Thank you hormozi
Only Calves 😂 got me good!
As someone who is 8 months in this was awesome to see a break down on finances and approach. Most people have this info gated or pay to play and aren’t even business owners themselves so this was very helpful. Thanks Alex.
Letsgooo!
Nothing to add but “thank you” 🙏
Thanks Alex for sharing your wisdom to 18 yo like me 🙌🏽
Thank you Alex for this content and story you shared. I wish I would have found your channels and book earlier. Better later than never. Best!
wow ok now i feel better about what i’ve accomplished so far! Thanks for the always unique perspective Alex. 🥂
Alex could you make a video on figuring out how to identify and build the character traits that we're missing to continue the growth of our business?
This guy is full of bs 0 income from one business but living of six figure RUclips income you disgust me I spit on you fool.
Could you do some examples of how you could take commoditized businesses and create a grand slam offer?
I own a Plumbing company, would love to see you do something with home services!
Dang. Maybe one of my top 3 favorite videos you’ve put out. Really helps keep things in perspective. 🙏🏼
Alex has changed my business
Great content! Thanks for sharing and breaking it down. Will you list your top 10 money habits you would have done 10 years ago when your first started? How much would you reinvest into the biz and how much would you put towards savings/expenses etc?
I just discovered you guys from brad leas dropping bombs an actually youre the first person eve4 i hit this notification bell for. Your mindset is amazing. Thanks
Thank you so much for your valuable content Alex! Much love from Berlin, Germany
another brilliant video- can't believe your smashing 150 mil a year now! I just hit my first 100k £ GBP. Through the way you said I would- time for money work and some rental income... now its time for pure scalable business!
Solid pattern interrupt at almost exactly the 10min mark. Nicely done.
You are awesome, love to see your youtube subscribers going up. Thank you for the value that you and Leila are providing
Thanks for your content Alex! It’s so precious!
Salutes from France! 🤟🤟🤟
You so deserve this audience. Words can't describe how much value you are providing.
Great video. The main issue is health insurance. My friend is 25 and went without health insurance, got cancer. Now he is in massive debt. Self employment is tricky bc of health insurance.
Lol meanwhile I'd feel rich if I got to earn 70k/y 😅 And I'm 30 but I'm determined to become rich. Thank you for all the amazing information and vibes you share 😉 🙌🏼
Alex, thanks again, keep smashing it
Great discussion Alex. I head a few ahas 💡Thank You!
Thank you for sharing your experience Alex!! Listening to you seems like time traveling... I see Life and Biz in a very similar way and it's like I would listen to a messenger from the future... My favorite philosophy/life/biz channel on YT 💜
Omg yesss I’m just loving the process! It’s fun to be challenged , push through it and reach new challenges 🤗🌎 let’s see how much we can grow together
thank you Mozi
I want to say you’ve changed our lives. Watched. Executing. Quit our jobs. Got engaged, opened our Corporation in Delaware 3.5 months ago as Canadian citizens and we are at 100k/mo
See you at $3m
Sheesh congrats!
What do you guys sell?
Alex, make a video on what actually makes you happy/ why your so happy. I’d love to see a video like that
Thank you for taking the time to explain your life and how you are able to make your money. I'm currently looking at adding $5K to $20K per month to my retirement income, if only I had been able to achieve that "extra" earlier in my life, WOW!
You speak to my heart ❤️ keep it coming
Thank you for everything, Alex!
Thank you for all you do brother! We all really appreciate you sharing your story.🤙🙏
Reinvesting in yourself is such a prime tip. Especially your health, energy, and longevity
Another home run. Keep ‘em coming Alex.
you're the man Alex, such a great video and so timely - thank you
This guy is full of bs 0 income from one business but living of six figure RUclips income you disgust me I spit on you fool.
Incredible video. Thank you so much for breaking this down and giving this level of input
Yeah you’ve inspired me to give everything away on my RUclips. Will do a video like this
Hey Alex - This is the first video of yours I have seen. I'd love to hear more about your story and was wondering if there are one or two of your videos I'd be best to start with? Thanks for sharing your time and mind friend!
Alex thank you for being you. Love you your content! You are helping people!
Alex thanks for sharing the journey. Would have been helpful to see some timing around each season. How did you overcome your desire for security to actually keep working? There is an element of fear, especially early stages that requires some risk and I find that conflicts with security. Thoughts?
You’re awesome, Alex. Thanks for sharing your experience and showing us who are on the path of playing the game how to do it effectively!
I love your videos, so informative and inspirational… and refreshingly against the grain.
Really love the content ! Thank you for blessing us with the gems , it's really helping me a lot !
Alex, I've been watching your videos for a while now. You said you own a home in Austin, I run a landscape construction business in Austin. I'd love to do your landscaping.
its so funny clicking a thumbnail with no beard and just being overwhelmed
Thank you so much.
Love the new added feature of “drop a question in the comments”!
-competition…. You always talk about it, yet you also preach an abundance mindset. Those seem opposite. Please elaborate. When does it matter? When does it not? In what ways? Is it market dependent? Is it only dependent on how big of a player you are in your market? What the threshold that it matters?
You are an absolute g Alex ima do everything you guys say lol. I’m so disappointed I missed you speak at grow with video live. One day I will work with your company.
Is that net or gross?
I’m trying to envision the property taxes on the $1.5m house. I know it’s not huge relative to the income. Just a lot more house than I’d ever want or need. However I’d probably be the type to have a new pickup (for a business I’d like to get rolling), a Jeep Wrangler, a beater econo vehicle (presently it’s a Nissan Frontier that’s owned outright), and eventually, a Huracán. But I’d probably have stocks with dividends making the payments on the Lambo. Hell, maybe do that with all of it.
I’d Love to see some vids on lead gen. Great video again as always.
Awesome video as always ! Thank you for all the amazing content.
Tysm!
I’m activated‼️ thanks Moz
Yoo just discovered you, big dawg!! I appreciate you🙏🏼
Amazing story, thanks for sharing it
Thank you for sharing your journey Alex.
The Wolverine of business!
question: If you could do it over again would you look for outside funding for gym launch?
Excellent video filled with gems. Thank you, Alex.
Thank you Alex!
you are straight up incredible
Much respect. That's pretty hardcore hustle. Not sure if my stomach could handle so many months of chain burritos 🤣
Thanks for sharing so much value! It would be nice if you could make a video about what you would do if you've to start from zero again in 2022!
P.S. I'm quite interested in the Persian culture and by accident I was reading about the history of Hormoz(gan) right before watching a video of yours shouting out mozination😁
thank you for this alex. great video !
Can you make a video on how would you do to build a legacy if you were to start over again?
Thanks for all these valuable information
Thank you Alex…. This was very thought provoking
Rich people will only be interested in your products/services if other rich people are using it too.
Ex: Canada Snow Goose coats, rolex, ferraris, salesforce, microsoft, cloud services, etc..