14 Money Mistakes to AVOID in Your 20's

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.

[@caseybills5517]

Biggest financial mistake I ever made was with my 401k. My company had a Roth 401k when my kids were in college, but I didn't actually start contributing until year 3 of the 6 years I had kids in college. Because I was helping them with expenses, I was entitled to the tax credits, so my effective tax rate was extremely low. That is the time you NEED to be in a roth! i still retired with about $350k in my 401k.

[@StocksWolf752]

People don't really know this, You need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.

[@cowell621]

I totally agree; I am 66 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.

[@StacieBMui]

Mind if I ask you to recommend this particular coach you using their service?

[@cowell621]

Sonya Lee Mitchell maintains an online presence that can be easily found through a simple search of her name on the internet.

[@crystalcassandra5597]

I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@joloo62739]

"What becomes success often looks like failure at the start" Great line, Alex.

[@joselaranov17]

I'm going have to disagree with point 7. I purchase my groceries in bulk at Costco once a month which saves me time and money. I meal prep simple meals for the work week, which only takes me 2 hours max on Sunday. My meal prep consists of ground turkey/chicken/beef, rice, and a veggie mix. It costs me roughly $3 per meal, which is $12 daily since I eat 4 meals. I reserve a cheat meal for Saturdays.

[@kakak3762]

This is amazing idea I was thinking about doing this for the gym Bc I’m on a bulk

[@Nouuhj]

Smart

[@gabrielcobos9372]

Cooking might take you 2 hours, but that's not accounting for mental energy spent meal planning, driving, unpacking, etc. It's all the little things that add up to make it to be much more taxing than simply ordering some food. Albeit I side with you on this topic, healthy take out options are limited in my area, and it's great to know I'm making a good meal for my toddler+spouse.

[@will6258]

I have similar reasoning as well. Another factor that I consider is, cheap food doesn’t always equal good food. You are what you eat so if you can buy quality ingredients for meals that you can prep I don’t think you sacrifice too much time and money and the benefit is that you’re able to eat a lot cleaner.

[@Trevor-Watlington]

@@gabrielcobos9372 I don't think you save that much more time eating out

[@jessec7132]

Just turned 23 a couple of days ago, can't express enough how appreciative I am to have Alex to learn from.

[@itsGameOver.]

Hell yea don't do like i did when 23 and spend 1000 a week in clubs instead of investing in myself and money making.

[@ВикторияКосырина]

💯💯💯

[@zaxhcruzz]

frfr

[@mitchelldrake7113]

I’m almost 21 and I feel the same way. I found him from Graham Stephen’s podcast

[@jonathanschlimme3331]

Nice man - I love Alexes content too - what business are you in ? I’m in real estate development and sales

[@stevensantora2976]

14 Mistakes: 1. Underspending on education and overspending on status: The people that matter don't care. 2. Taking jobs to earn rather than to learn 3. Save money 4. Protize how much you are going to spend before you spend money 5. Automate investing manual the spending 6. Don't go shopping: Stick with your lists 7. Get take out don't cook 8. People live with the wrong ppl. 9. Your Micro-Community matters a lot 10. You model the wrong season of life 11. Measure money in how long it took you to earn it 12. Get competitve with money around with what you are saving not what you are earning 13. Check your account every morning 14. When is it ok to spend money?

[@Taki-s7d]

❤❤

[@worldmaker2477]

Thanx bro

[@wasd599]

Your a g bro

[@dt_lit]

Big thanks

[@Chris190e]

This advice is gold. I am envious of kids growing up with such a wealth of information that is so abundantly available and echoed in such popular and easy-to-find mediums as this. If you're reading this, I only started learning similar content in my early 30s, and I've gone from a regular day job to starting my own business ~6 years later. I was living pay-cheque to pay-cheque and now I have an abundence of capital. Consume more of this content, and it will change your life.

[@cryptosaure5973]

Imagine the difficulty before internet, when I was younger than 22 and surrounded by poor individuals . At that time, there was a lack of free information available, and very few opportunities to learn from intellectually stimulating individuals,. The nearest library with a handful quality books was located 20 miles away. The most intellectually stimulating conversations and moments I had were with my philosophy teacher at age 17. And note that at 22, streaming platform were not existing as well.

[@Chris190e]

@@cryptosaure5973 I bet! I'm glad we've had to persevere through. It gives a greater appreciation for poverty and struggles to attain a higher perspective. It also ensures (at least for me) that I will do everything possible to build and pass on wealth and knowledge to my children. Clawing your way out of the lower class has been an interesting challenge.

[@glimonwinnacker]

Which content asides from Alex’s would you recommend?😊

[@Chris190e]

@@glimonwinnacker anything by Earl Nightingale and Napoleon Hill, their principles are found echoed in a lot of the more modern videos created by the likes of Alex.

[@michaelbradley8538]

Hi Chris. I feel the same. I'm 38 and I've wasted every bit of my life not learning and in dead end job with shit pay. Is it to late for me ? So much info these days it would be great to be in my 20s again

[@PostiveMascunlinity]

Going backpacking to south America and south East Asia in my early 20s was one of the SMARTEST things I've done.I remember one friend telling me 'you should be working, you can travel afterwards' I saw one thing that changed my life forever, I was walking in the mountains in one of the poorest countries in the world (Bolivia) and saw a truck with two YOUNG kids in rags in the truck who were probably around 4-8 months old. Guess what was looking after them? It was a dog, no cap ever since then my attitude towards money and earlier seeing abject poverty in Cambodia changed my life forever. Listen to the 14 money mistake people, TRAVEL YOUNG! You can always make money after, but if you don't go when your young you might never go.

[@B34RABLE]

Poor advice

[@danielburgoa7623]

That’s mean, Bolivia is not that poor. 😂

[@markdin2988]

@@danielburgoa7623 Bolivia is extremely poor

[@OfficialLukeyz]

I have just finished uni and im heading to thailand soon for a few months. I have always wanted too and everyone older always says they regret not travelling. I'm kind of smart but i honestly have no clue what i want to do at the moment apart from own my own business, I am hoping travelling will open my mind.

[@ppg4667]

@@danielburgoa7623 Donkey comment 🐴... Place is hella poor. I was in Nicaragua the 2nd poorest place behind Hati in this hemisphere and the worst ghetto in America at least has a floor and electric and FOOD STAMPS!!... Some places I saw were nothing more than a dirt floor, tin roof and 4 tin sides as big as the shed you put your lawnmower in with a family of 4 living in it surviving on the bananas they grow and rice beans... As soon as I landed back here I kissed the ground and had a 5 course meal. Viva communism!

[@samheedy]

Spending money on experiences, man that one really resonated with me. Alex’s free content has gotten me so far in my business than any paid course. I’m 22, nowadays I only pay for masterminds. Thank you Alex from the bottom of my heart for the value you’re putting out to the youngins like myself!

[@theivantang]

Hey, what does paying for masterminds do for you?

[@pawewoyke3942]

Hi Sam, can you recommend anything that's worth the money you've spent and helped you a lot?

[@samheedy]

@@theivantang it helps to shortcut my learning curves. I pay $2,000+ every month to learn from people far better than me to scale faster. You can’t make all the mistakes yourself. I am documenting all of that on my page!

[@winsenle3547]

What is the best way to find masterminds?

[@alexdiaz1492]

Heavily disagree with cooking vs eating out. For one inflation with eating out is always goong to continually outpace the money you can spend on groceries but what are you going to do when you have kids? Its not sustainable. Plus you learn more about maintaining a healthy lifestyle by cooking at home and understanding meal prepping.

[@xxTH3EMPIRExx]

Agreed. You cannot eat out healthy for cheap and the money you’ll save in the long run by being healthy and saving on medical expenditures vastly outweighs the 20-30 min a day it takes to meal prep healthy food.

[@DayTradingAddictss]

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024

[@NuellaAnderson]

Wow that's huge, how do you make that much monthly?

[@AnastasiaMaria-tb8lb]

I'm 45 and have been looking for ways to be successful, please how?

[@DayTradingAddictss]

Honestly speaking.... I will continue to trade and stick to gunter's daily analysis and guides as long as it works well for me.

[@EdithVigo]

Woah for real? I'm so excited. Beatrice gunter strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started

[@VivienneWood-cj9zv]

please educate me, i am willing to make consultation to improve my situation.

[@sarcasualindividual]

I'm 19 and just landed a 60k minimum sales job today, I'm living in my small paid off travel RV with good internet. Finally my financial goals seem within reach by making this first real tangible effort/change.

[@michaelbast6151]

Find things you can do to make money while you sleep, get several of them. Keep building and study the network effect.

[@born2kill117]

How I earn money through sales in 2023

[@attav8]

How, most sales reps have to be 21 or older

[@empireprotege]

@@attav8 Who told you that? We got 17 year old Closers/Sales Reps doing $15k/month in our agencies.

[@bigpotato7804]

@@michaelbast6151 like what?

[@andrewmichos3404]

#8 is going to be key for most 20 year olds who are trying to go this route. It’s probably the best point he made in my opinion. People do not understand this way of life because they have decided that this path that Alex is explaining isn’t realistic or possible but that is on them and it’s most of adults I’ve learned. You have to keep pursuing yourself and your goals and those people’s opinions do not matter, not even your parents if they are trying to dissuade you too. You can’t listen to those who have never done what you are trying to do, listen to those who have. They can’t comprehend what they’ve never done so their default will be to automatically negate it.

[@andreuschristy8448]

The grocerie thing is just not true, I've heard a few of these gurus say this. You can not eat takeout for $10 a meal unless you're eating garbage poison food like McDonald's every day. Even McDonald's will cost you more than that now. If you go a healthier route with chipotle, a burrito bowl is $13 minimum, if you get double protein it's $18, which I definitely need cuz im a 26 year old guy who lifts. Two of those a day is $250 per week just to eat baseline calories. I can eat 3.5k calories every day, high protein, healthy, delicious meals for $125 per week shopping and cooking for myself.

[@MrAnji1995]

Absolutely agreed. This point of the video was made with too little thought...

[@nate_12]

⁠@@MrAnji1995chipotle $10 bowls… extra beans for more protein (no extra charge) you’re welcome

[@thestandardbarber1708]

Yeah I agree. Definitely worth it to go to Costco by clean food in bulk and meal prep. Especially if you enjoy cooking. Then it can be viewed as a hobby. I personally enjoy cooking and appreciate the satisfaction of knowing I'm putting clean food into my body.

[@ohwell808]

I’m 25 and this helps so much, I make 22-26hr rn and I start RN school next summer and I’m going to work a lot and live off of a minority of my money and apply all your rules! Very appreciative

[@obama7325]

i started making more money and am excited to actually have some savings to show for im gonna live off of what i was making before amd sabe the resy

[@ohwell808]

@@obama7325 good luck my man ✊🏻

[@jameshill8493]

I’m 23 and thinking about going back to school for being an ultrasound tech, I don’t really want to put in that extra time and effort for nursing school. What made you pick nursing

[@thorin0333]

I did BSN RN as a guy. Its a 4 year degree and 100% worth it. You also are snapped up when looking for employment because youre a diversity hire as a male. Its always worth going for the 4 yr degree over the 2-3 yr cert for the higher pay cap.

[@ohwell808]

@@thorin0333 exactly man, it’s a win win

[@pawelkapica5363]

I was raised with soo many wrong beliefs around money, business and "talent" in geeral, growing up to poor parents from a soviet occupied country. I am still working on fixing my beliefs and I just turned 40. But it doesn't matter, better late then never ;)

[@gunnasintern]

no such thing as being late, say Better Now than Never. just be glad you’re alive

[@ajpend]

I’m 42. Starting to think of my living in these ways the past week. I mean there’s a lot of junk ideas or ‘lessons’ I’ve encountered throughout the years, but just recently encountering and internalizing sound approaches to living.

[@photophilic_spook]

I disagree on cooking vs. take away food thing 4:26 I get my monthly groceries for $200-$250 and an average meal out is $10 even if I eat 2x a day thats a minimum of $600 The difference is sizeable! Plus coooking for me is like a refresh button that sparks creativity in me so I can work better! 😊

[@roninbruh]

$200 a month! Dayum man… you ought to teach us how to save money on food. Start a KZbin channel.

[@photophilic_spook]

@@roninbruh Yeah man, just cook at home

[@antonioandre23]

@@roninbruh If you not in America junk food costs more than legit good food, grocerie shopping is super cheap compared to buying a 4pack cheeseburguer at 3.99 at IDK...walmart

[@antonioandre23]

grocerie shopping (outside of america*) and I think walmart is America exclusive(or so I think)

[@Vexed711]

Are you eating beans and rice everyday

[@cindixgaming3557]

Point 2 ain't it. People shouldn't be scared to ask for a higher pay when getting offered a job even if they're young. This is how you get underpaid, the learning part doesn't change.

[@cupofmozzarella]

Yes it is. If I can make 4k a month being head of department with no room to grow, or I can make 2k at a place with a clear growth path I'd take the 2k any day. I took that '4k' job, it's not fun.

[@keinzeit]

OP is saying if you decided to go with the 2k/mo job, don't be afraid to negotiate

[@syasyaishavingfun]

If you dont make millions your advice dont worth shit. A lot of rich people get rich by working low end jobs so they can understand the industry. Alex worked as a personal trainer just so he can open gyms.

[@tacothursdays6546]

Point 7 seems strange, but I think I understand it. The idea is, the time you lose by shopping, prep, cooking, and cleanup is worth so much more than the extra money you spend eating takeout. I've noticed this is true for me some days between my two jobs and BJJ training. If I spend an extra two hours doordashing and get paid $36 for it, it's actually more optimal to get $9 Chipotle or Bibibop, save myself a few extra hours on cooking and cleaning, and still wind up fed, happy, and $27 richer. The caveat is, you can't do this for every meal. It gets to a point where it's still more optimal to spend two hours shopping, cooking and cleaning and spend $3 for the majority of your meals instead of $9.

[@ikii377]

back in the days it was cheaper to eat takeout right now it really is not cooking home is less expensive

[@DatSamurai]

Man where was this kind of gold in 2013?! I’m 28 now and made like 8 of those 14 mistakes and now dealing with consequences 😅 I mean I wised up in 2020 but like dang fam. Y’all younger people getting set up for life with this kind of content 🙏🏾

[@issacindigopodcast]

facts i was just thinkimg this tai lopez and grant cardone is all we had and they didnt get big til 2016

[@CloakedC]

Give the poor editor the extra $3k he tried to negotiate for 😭

[@jonathanschlimme3331]

When I heard Alex say this I thought 💭 why would you ask Alex for 3k more a year ???? If you thought you where the bomb 💣 you should ask him for 10x his offer and explain how you can provide that much more value …3k a year is 8 bucks a day - if that’s where your mindset is at do you think you are drawing interest from Alex’s business ?

[@CloakedC]

@@jonathanschlimme3331 Hmm, well salary negotiation is a good skill to practise. And I figure he just wanted to start small to practise.

[@00doblecero]

@@jonathanschlimme3331 I think he just is mad that the editor tried to negotiate his offer, probably thought that people would like to work for free for him. ego

[@chrisd5169]

The 2nd point was so much bs, I couldn’t keep going. Pay people

[@MrThyten]

ong

[@earlybirddan3005]

I’m going to have to disagree on eating out vs home cook. If you prep meal on a Saturday or Sunday for the majority of the week and only eat out a few times a week for social and personal benefits. That makes most sense to me. Both health wise and financially.

[@Ceillfrobros]

My guy.. I've been looking for this comment 🙌🏾 didn't make any sense when he said that

[@braydonmotivation141]

@@Ceillfrobros facts I meal prep every week it only takes about 2 hours of my time to shop & cook

[@gcg8187]

I agree, if you’re working less then 70 hours a week you should just ignore that point. Most ppl are probably spending at least 15-30 hours a month prepping cooking cleaning shopping. Normal people don’t benefit from an extra 15-30 hours a month, they don’t need it, they want average financial success and work life balance, being a future deca millionaire is a different lifestyle.

[@tylerh1648]

@@gcg8187It still takes time to go out and get the food too. Waiting in lines, driving to the place. If you order uber eats or doordash, a meal will be way more than $10. Cooking is by far more economical unless you're a millionaire making a ton of money each month.

[@Bt71Nigga]

He even contradicted himself later in the video with his Jersey Mike’s example.

[@pedrodcalmeida]

Alex Hormozi’s content is gold! Day after day after day… I’m so grateful for having the chance of learning so relevant lessons for nowadays challenges. Thank you Alex, keep rock’n’rolling! 💪🏼

[@josephcelentano6234]

Bro judged his coworkers for going to Jersey Mikes but literally just told us to eat out all the time.

[@Dlroper95]

Specifically because the coworker made 7.25 an hour. He also said eating out (as cheap as possible) WHEN you make 15+ per hour. Big distinction

[@privateaccount6827]

#9) I moved to Santa Monica. It was quite expensive My family would ask how much I paid for rent. I told them I don't pay for rent I pay for access: Beverly Hills, Malibu, Bel Aire, etc. 10 years later I have a successful small business with a platinum client list including a guy you know who has a bust of Abraham Lincoln in front of his home. ;)

[@thecapone45]

Nah. Had to downvote. I stopped listening at #7. #2. The SP 500 accounts for inflation. If costs go up, that’s because the companies raised prices, which is reflected in their revenue, which is reflected in their profits, which is reflected in their stock. #5. Lately I’m agreeing with that less. Cause I find that me and most people feel like something was “free” when they pay for something in cash and the transaction isn’t reflected in their bank account. If you actually want “pain”, make it a habit to write down ALL your expenses in a ledger. #7. I can eat some chicken Alfredo pasta for 75¢ a plate if I make it myself. I can eat steak and eggs for $1.50 if I make it myself. You gotta learn how to shop, man. 👎

[@zakillgaming]

Straight facts right here

[@ericcote6655]

#7 is wrong. Such backwards logic. I spend about $100/month on groceries and still work long work days and get to enjoy doing what I love. Save money and go to the grocery store people! Eating out is a one-way ticket to broke...

[@syasyaishavingfun]

You are poor, you should listen to richer people. Of course if you make less than 15/h or you make salary dont go out to eat. But if you work in sales like this guy eating out is also part of sales.

[@CoyWhite]

I’ve been living in my shop in New York while building my first major motorsports project and Costco has legitimately kept me alive at times lol. 1/4lb beef hotdogs are $12 for a dozen in the back, and grass fed burger patties are usually $26 for 18 or something. Microwave 2 links for 90 seconds and put some fancy cheese slices and mustard on them, or have two burger patties on a george foreman with the same treatment and I’m honestly pretty happy to eat that 2 times a day. Perfect modified atkins ketogenic macro split to keep focus up and I never get decision fatigue from the abyss of deciding what I’m going to eat which can be HOURS for me

[@sui604]

"at the end of the day you're gonna die and it's not gonna matter anyways" i'm glad you said it, i feel like a lot of these grind influencers don't get this point and it's all about money, forever.

[@jyudat4433]

Eating out is crazy expensive. You're paying like $18CAD per meal if you want something decently healthy with good protein content. Then you need snacks and fruits/veggies to get micronutrients and protein

[@jyudat4433]

You can get away with shittier diet simply because you're not natty

[@ciccnick]

​@@jyudat4433or maybe because he's a trust fund baby and thinks $30 a meal is normal and doesn't relate to the average person, and has never been to kroger to shop for groceries, and spends $150 per day eating out

[@paranormalwithdave]

Can confirm - my kids are terrible roommates they break lots of things 😂 thank you for everything you put out for free Alex.

[@coscorrodrift]

@@yehudiee back in the womb they go 😂

[@jamesmichaelcabrera9613]

Lmfao that is one thing in life you can't return

[@olayetunde3485]

You know how I know Alex is a real entrepreneur? Dude clarifies every single thing I’ve had to think I’m a weirdo for considering. All in the name of entrepreneurship

[@mackeejack6731]

Always take what people like Alex say with a grain of salt. He was making $200k a year out of college lol. His family is rich and established, and he’s extremely gifted with sales. Still great advice.

[@ChocolateMilkCultLeader]

People who can be critical like you are needed on the internet

[@yeatdagoat173]

He's telling you how to make more money. If your goal isn't strictly on making more money then you're right but otherwise, ppl should listen and learn from ppl who are great at what they do

[@PrintmoneyAutumnmusic]

Lol actually Don’t listen to this guy.. listen to Alex he actually knows what he’s talking about. This guys comment is for losers

[@zippyzone0]

THE LAST LINE HITS STRAIGHT TO THE HEART

[@aliabdaal]

Fantastic video

[@retrac3147]

Wow. He’s here.

[@marvin2678]

nah not number 2

[@semerkosa]

Number 14 is absolute gold, man! People who want to become rich sooner often forget they might not be able to do some of the things they can now. For me it is going to legendary bands concerts.

[@MoSanta42]

As a 22-year-old about to graduate college and go live in NYC, although I've heard some of this advice before (and have considered myself well-versed in how to manage money out of college), this video is invaluable. I learned a TON from this, with many topics relating directly to my life. The simplicity yet effectiveness with which you convey information is outstanding - I can't believe I haven't stumbled upon your page before; subscribing now, and am probably about to go binge your page for the next few hours.

[@kristasearles9684]

I make barely over 15 an hour. I pay someone 15 dollars an hour to meal prep for me every week. she cooks healthy meals and makes snack bags. i also have her do my laundry, put it away, clean my entire apartment, make my bed. i spend $50 a week on this and it's so worth it. i posted an ad on a local facebook group and had over 100 responses with interested people and just chose one i trusted. she's a mom and enjoys it to have a break from her young child.

[@feeducer9632]

You always talk about eduaction. Can you make a video on top courses that you have taken so far?

[@kikiberlusconi]

Alex I think the biggest issue is trying to figure out what skills to learn and where to learn them. It’s especially difficult to know who or where to learn from these days when everyone/everywhere over promises and under delivers on their course information.

[@bnb_daddy]

tbh I get what you mean. I've bought a lot of courses and a lot of them were not as good as I was expecting. But bc of that I'm usually able to weave out who's course is good and whos course isnt. From what I've found it's usually when their free content is so good you feel like it should've been in a course. I suggest taking free courses and taking action on the information instead of consuming and not using it.

[@M3diaConsumer]

This. I believe Alex's concepts are sound, but it is a bit odd how vague he is with education considering how much emphasis he puts on it. I think there is a good reason for this: most get rich "hustles" are either scams or damn near it. I highly suspect the education he is referring to is branding/marketing related and has nothing to do with creating genuinely valuable products and services. Those courses you are referring to are the perfect example! The very guys who created them picked up the skills Alex is referring to and got rich off you

[@michaelstollairetbarceo3287]

paradox of choice, paralysis in endless info

[@bnb_daddy]

@@M3diaConsumer Most of them are scams. But a lot of them actually are helpful. It's just hard to know who's legit and who isn't

[@M3diaConsumer]

@@bnb_daddy we are reinventing the wheel. Instead of investing in proven (and expensive) sources of education/information, we are shotgunning high risk alternatives in the hopes one pays off. With all the time and money you lose on scams and false starts, you probably could have afforded the traditional route from the start.

[@Timothy1689]

I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?

[@AlexSchmidt-mk2ip]

I will advice you should stop trading on your own if you keep losing.

[@AlexSchmidt-mk2ip]

If you can, then get a professional to trade for you I think that way your assets are more secure.

[@AlexSchmidt-mk2ip]

I'd recommend Bethany Jennings, her profit is great even when there's a dip

[@MiguelMaria-cb8pz]

Wow. I'm a bit perplexed seeing her being mentioned here also. I didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been amazing.

[@AlexSchmidt-mk2ip]

You don't need to be shocked haha because I'm also a huge beneficiary of her

[@keijimorita1849]

I save money & time on food by buying food that requires little prep. It's faster & cheaper to heat something than it is to go to a restaurant. Love keeping smoothie ingredients around. In 5 minutes I have everything I need in a tasty & easy to consume format :)

[@MalluStyleMultiMedia]

I spent almost 2 years overseas in my early 30s… not working .. living like a king .. ate all my favorite foods ..enjoyed every bit

[@taliyy_]

Then you woke up

[@ToulouseFan]

Now that I’m 29 and doing well financially, I LOVE this video. Fantastic advice Alex 👏

[@HaralambiManolov]

Lately I've been watching these videos twice just so they make a print in my brain. Thanks, Alex!

[@rantsrus2845]

the end disclaimer about spending on experiences is a nice touch

[@Harris4308]

I’m so happy I made productive decisions about my finances that changed my life forever. I’m a single mother living in Melbourne Australia, bought my second house in September and hoping to retire next year at 50 if things keep going smoothly for me.,,**

[@Quintero243]

Congratulations beautiful lady. You’re really doing well for yourself, I’m 54 and my financiaI Iife is in a mess. Any great tips would really go a long way in shaping my life. I want to buy my own house, that’s really a big flex..

[@Harris4308]

Sorry for late reply sweetie, I used the FIRE movement to put my finances in order. Then lnvested in stocks, cryptocurencies and reaI estates though the assistance of an lnvestment Pro who helped me make it this big....

[@Quintero243]

Thanks for your kind response, I would love to connect with your financiaI consuItant......

[@adrianjoe7833]

VENTURING,into the trading world without the help of a PROFFESIONL,trader and expecting profit is like turing water into wine you would need a miracle, thats why i trade with Mrs catherinen nathan , her skills set exceptional?

[@williambenjamin9437]

@@adrianjoe7833 OMG....amazing to see someone who trades with Mrs Catherine nathan, i am currently on my 7th trade with her and my portfolio has grown tremendously.

[@tita3379]

Groceries it is cheaper than food from outside 😢 I say this from my own experience. I just came back from HEB and bought ground meat, pork lion filet,vegetales, bread 🥖, ham for sandwiches 🥪 snacks for my whole week, chow mien instant soups, eggs, aloe Vera for my face and I pid total $69. What I have bought is enough for a whole week including snacks and desserts. I still have rice and pastas from bags that I bought last month. So it is cheaper to buy groceries

[@dansmithbyu1784]

This is truly incredible advice. I have had many of these thoughts myself, but it felt so good to hear them be reinforced.

[@tyler-xo3rb]

advice that's just vague enough to not actually be able to do anything with it, but clear enough for people to think you're a genius and give you money! good job!

[@AizakkuZ]

Ong

[@RonaldoSoccerPwnz]

This info is especially valuable at this period of time in the world.

[@anthonysun9141]

You can apply the “automate investing and manualize spending” principle to time. Automate the time you spent investing in yourself and manualize the time you spend doing low-leverage task. Another great video 👍🏽

[@jesussandoval4969]

Str8 to the point, no bs. Thank you

[@yurishorino633]

Yeah no no7 ain’t gonna cut with me… been doing both and after I reevaluated my budget I saw a significant improvement from buying bulk… I’ve been living off chicken, frozen veggies and rice for over 5 years straight and it doesn’t take me hours to cook or cost me more than 450$ a month plus I have a dishwasher so there you go 💁🏻‍♂️

[@Ectoplasm987]

Number 7 get takeout don't cook your own food. I disagree if you're at the point where you're making enough money hire a personal chef this way you can control ingredients quality, certain ingredients that causes inflammation it's just going to be terrible for your memorization, Alex Hormozi said when reading a book he often reads it over and over and over just to get the information down but if he could maximize his long term memory due to the better ingredients how much time do you think he would save even if his memory improved by 20%.

[@HH-le1vi]

Memory is genetic. Not food based

[@Ectoplasm987]

@@HH-le1vi Epigenetics is the study of how your behaviors and environment can cause changes that affect the way your genes work. Unlike genetic changes, epigenetic changes are reversible and do not change your DNA sequence, but they can change how your body reads a DNA sequence. Yes food effects memory.

[@prometheus6853]

He was talking about people making 15 bucks in an hour

[@Ectoplasm987]

@@prometheus6853 And my point is quality of food is more important if you make 15 bucks an hour don't hire a personal chef go to the store buy in bulk. The problem with fast food is the restaurants goal they make their food as tasty as possible and as cheap as possible as profitable as possible. I'm talking about avoiding terrible seed oils that's going to cause inflammation in the brain and body and that inflammation isn't going to help you retain the information you learn whether it's books or audio

[@prometheus6853]

@@Ectoplasm987 I agree with the Inflammation part but definitely can’t afford good foods if you’re making 15 bucks an hour. Also what inflammation food are you talking about and oils? Very interested

[@andygarcia7784]

Disagree with point 7. It takes me about 1 hour of cooking a day and about 7 dollars worth of groceries to eat better than I would at any restaurant. I learn cooking skills, track my macros, and meals come with a sense of accomplishment. 200g of protein 60g of fats 140g of carbs.

[@divinenuos5840]

It's pleasing to hear you speak about how it is more convenient for a 20yr to eat out than meal prep due to the extra time it takes to meal prep and grocery shop, especially when one is working full time. I tried meal prepping when I was 18 and it was a hassle to keep up with the grocery shopping, cooking etc. during school season, and now I only just go to the store to pick up fruits and snacks. I'm also glad to see you add in the spend money on one time experiences part, because I have not traveled internationally yet and almost entering my mid 20s, it was one of top goals to go on at least a week trip to a different country. I believe it could help deepen my understanding of the world by broadening my perspective on issues rather than just having the American view. My only question with the video is, what do you mean by investing money into your earning capacity? Does that mean attend courses for transferable skills, or pursue side jobs/business like real estate? Thank you for the sound advice and I'm looking forward to hearing your response!

[@braydonmotivation141]

I'd have to disagree with that, it takes me 15 minutes to do the shopping and an hour and a half to meal prep on a Saturday and I'm set for the week. So much more cost effective

[@ambiarock590]

At some point, I would love to work in Europe for a couple years. Another reason I've been considering this is because I really don't like US work culture and European work culture seems more laid back and less stress. European focus on life and personal time more than making money. Once I make enough money to live comfortably I don't feel the desire to want more instead I want more time.

[@figy1288]

I have always been frugal (not because i knew the word frugal) but because I was poor most of my life. Im currently at an ok paying job that i can save money faster but with no goals in mind. Number 10, I've started a hobby that is really expensive and financially stupid but i don't care because its changed my mindset, habbits and outlook on life that im investing a lot of money into a hobby i plan to make a career out of. Im currently in a learning phase and I recently went to an expensive event (because i had money saved) and there were moments I cant describe how they've become some of the most motivational things ive ever had in my life to go big.

[@MagneticUnicornVlogs]

The days where I just ordered take out where the best days of my life. I didn't need to spend time doing dishes or cooking, and I could just focus on myself and working on my business or working at work. Thank you so much or making this video and saying that!! I thought I was crazy thinking the same lol

[@Tepera]

One thing that i tell people is that you should have roommates for your entire 20’s. Not joking. The amount of money you save and the friends you make is amazing

[@AZ-gs6hj]

I wish I knew were to put my energy. I’m 23 and grew up in a home with gambling addicted father who didn’t teach me anything but what not to be. I want to be successful and to be able to work towards something but I genuinely can’t figure out what. I just don’t seem to be able to hold interest in anything for too long. I’m going to school for computer science in hopes of ending up in software engineering which would allow me to live comfortably on my own, but I still always think about if there are other options that would be better suited for me and allow for more growth. Everyday I think about this stuff and can’t seem to move even a step in the right direction.

[@Notsam12345]

It’s okay. In the same boat brother. Don’t stress just know you’re on the right track. Knowing the things you’re listing is half the battle. Now you have to undertake the difficult journey of make the change needed to address them. I love you my fellow brother, believe in yourself and good luck

[@colivart]

Stop putting your energy into blaming your father. If you’re smart enough to know what he did was wrong then he did his job. The rest is for you to figure out. Find your path and get the skills to do well

[@jonathanschlimme3331]

Hey man thanks for the honesty - I didn’t have a family that challenged me to think big either - but since I’ve listened to Alex I’ve learned a ton - keep learning and listing to folks like Alex and keep thinking bigger and better , you will figure out what works for you

[@bigmouthbilly4579]

@@Notsam12345Gambling addict(lottery), weed addict, alcoholic we’re also my fathers flaws. I know how hard it is my brothers in struggle, the fact he was such a bad example you would think make it easier to make good choices and be on a good path but it really makes it harder. The focus and ambition is something that needs to be EARNED and we must think about the future of our children to MOTIVATE US. Please figure out what career/business will fulfill you and your financial goals my brothers and so we can be happy with ourselves when we die and not think about all the regret we would have by not accomplishing what our father also couldn’t.

[@RossLemon]

I'm glad you changed the thumbnail. People in their 20's aren't all casually getting gucci and lambos.

[@NickVetter]

I think taking advantage of the simple, guaranteed way to grow your money at this age is important. I have never heard anyone say they regretted putting money into their roth ira.

[@ronwenthapelo3818]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life

[@tristram0073]

I would love if you could do a credit card tutorial on which ones to get to maximize cash back and rewards

[@harennagdewani6503]

Bro I think you're losing the point if you're focusing on Cashback and rewards

[@donaldcodes]

In his previous video he mentions that's not a priority.

[@tristram0073]

@@harennagdewani6503 I just meant for personsl use because he’s a big advocate for using loans to fund revenue growing skills so having the capability and credit to allow yourself to do that is useful, I wasn’t necessarily targeting this video to ask him to do this I just commented on this one because he just uploaded and he is more likely to see it here rather than an old video

[@kaiseranonymous]

There are numerous KZbinrs who go into depth on maximizing credit card returns. Easy to get distracted by trying too hard though. Find a couple cash back cards with no annual fee in the 1.5-2% range that also cover common items you buy and don't let it occupy too much headspace.

[@successandspirit]

Can confirm as someone who in their 40s who prioritized travel in their 20s. When you are old you won't want to sleep in a hostel dorm room + eat PB +bread:)

[@jonathanschlimme3331]

Alex this is awesome - your content is great and practical - I’d be a lot wealthier today if I’d had your content 10 years ago ( I’m 34 ) . Thanks man !!

[@ambiarock590]

If I'm gonna binge KZbin content, I'd rather watch this kind of content. This is not mind numbing content that wastes time, this is content on how to improve your life. Keep it up man, you've earned yourself a sub.

[@AnthonyJustice-i9x]

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Brooke Miller.

[@SamanthaRosalie-e2g]

I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.

[@GertonTootle]

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

[@JohnKenneth-f7w]

The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

[@DebbieSimone]

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

[@AnthonyJustice-i9x]

she's mostly on Instagrams, using the user name

[@armandocardona6975]

Yea… It’s never a bad idea to negotiate pay. You can learn anywhere.

[@Nathan_josias]

Thank you Alex for your content so inspiring To reach out for more but also your course and book is auch an amazing tool to get that extra level. I cannot wait for the “lead generation course”

[@LukiexPookie]

Everyone needs to work to make a living, but measuring your success in life by if you become "filthy rich" or not? I agree with most of these tips to be financially responsible but would argue that investing in your relationships is more fulfilling for a successful life. Maybe you are a great dad or an awesome friend, or you take time to care for those in need. I'm sorry if this comes off like a rant I just get frustrated sometimes when these videos just make endless greed and lust for money seem like the highest goal in life to achieve. I hope everyone can achieve their goals and determine their own parameters for success. Happy Holidays, Merry Christmas, and Happy New Years! - Luke

[@PhiTonics]

Bro, 3 is so good, I keep forgetting it, thinking I'm gonna retire on 40$ a month investing 🤣😂 Value is second to none, you've defiantly helped me in my small business endeavors 🙌👍👊

[@englishbulldogretreat7766]

@user-xh1io6tt1b still fuckin around huh?

[@CH-eb1rn]

Single biggest mistake that this guy just conveniently omitted: NO SERIOUS DATING.....its a time suck. its a money suck. and it matters more than ANY of this other crap.

[@tlundelius]

I don’t get the „spend more money on education“ thing. Like what education should I buy? Most of the online courses are scammers trying to make a quick buck. The actual valuable courses on let’s say udemy are rather inexpensive and simply demand work on your side.

[@syasyaishavingfun]

The education that's useful for you? Idk how its that hard. If you want to be an accountant, spend money to get accreditation, if you want to become a doctor, spend money to get into medical school.

[@justinjrahman]

Wow!! This was the least BS tips advice video. Truly great perspectives with practicality for happiness!

[@mrdavinci4178]

You don't remember me, but I owe you an apology. Thank you for everything. 🍻

[@Yaahboi52]

Apology accepted -Alex Hormozi

[@harennagdewani6503]

It wasn't cool to take out $82k bro. he won't partner with you again

[@ActiveRehabMobility]

It’s ok I forgive you my child.

[@fastmushroom902]

@@harennagdewani6503 what did he do?

[@Fernando_Mauricio]

@@fastmushroom902 they we’re business partners a while back and during a hard time that guy withdrew most of the money from their business bank account and ghosted Alex. Not cool dic move

[@dylanantone25]

Looking at your bank account can be absolutely terrifying- it’s always so much better after you look- I love that point.

[@PlaystationFTW321]

I love everything Alex says but I cannot agree with eating out for every meal. While it does make financial sense, it is inconsiderate of your health and longevity. Unless you always go to an extremely healthy restaurant that serves whole foods (which are more expensive), you could be taking years off of your life when we can enjoy the money we're working hard to make. This all being said, keep up the work Alex because these videos make me feel like I could run head on into a bus and win.

[@boldizsarolah3490]

Respect for showing Budapest when talking about Europe and not just the Eiffel tower like everybody else

[@infinitegaming1015]

I’m 25. If I have nothing else to learn from my job is it time to move on?

[@calebj4558]

Yes.

[@infinitegaming1015]

@@calebj4558 I’m going into real estate as a listing agent! Time to be an entrepreneur

[@alexjulius69]

First one has a bit of leeway I'd say, on one hand, you absolutely can't throw too much money on flexing, but come on, we all know that flexing makes us feel really good, and I don't think dedicating some percentage of your money into owning toys to flex on others, is a bad thing.

[@xavierdearco9849]

Wise words per usual! Thanks mentor 🤙🏻

[@Ashton_DiBlasi]

No bs… straight to the point. One of the best guys out their. 2-3mil subs by EOY

[@jccuchvjvj]

What to do if you have done all these mistakes and you are 40?

[@daltoncampbell2738]

Don’t waste ur 50s

[@BlakeKoning]

Well could be worse could of realized at 70 you still got time to fix mistakes from the past and move forward with life :)

[@dadwithnotime4536]

Start saving asap

[@isaiahslagboom7512]

Thanks pal! Always having our backs! Much appreciated! Keep it up! Keep grind'n! We're all routing for you :)

[@jekytck]

Good advice but if someone that wants my expertise told me "no, I won't give you 3k extra per year, you're missing the point, now it's time for you to learn, not to cash in"... well, I'd be the one happy to be rejected Learning is important But if I think what I'm offering should be paid more, you can't tell me "you're missing the point" I'm fine with you disagreeing on the price; I'm not fine having to disagree with you on why I think my expertise is worth what is worth Edit: also circumstances are different and so are needs, which is a concept that has to be factored in beyond the learning part; not to mention that I'd be learning something regardless

[@verniceandchun6997]

Who ever edit Alex’s videos is a beast🔥

[@hunterbudrewicz5440]

Lol this dude Alex at 1:16 roasts a guy for trying to negotiate an extra 3k on his salary for editing these videos 😂😂 Seems like a pretty reasonable thing to do. Instantly turned off by this guy yikes.

[@MarshallBros]

The thing with the eating is for health wise too, if you only eat takeout you’re putting more crap into your body rather than actually making yourself something good for you

[@9770G]

2:45 ahhhh yes something someone who sells a course would say. U don’t have to spend 10k to learn to increase your income potential. In fact if you work for the right company, they will pay YOU to learn more, not the other way around. That was horrible advice. Especially when a lot of things can be learned online for free.

[@SimGunther]

Underrated advice! So much stuff you can learn for free, the portfolio matters more than the amount you spend on education.

[@TheRealNickArsic]

Everything great exercise 7. I mean come on. How can I function on 2 meals a day. It’s more than $20 a day… I get the point but in the beginning you need to save money until you can afford to spend 1500$ a month on take out food.

[@lauraclover1547]

Heard someone say the best season for a fin.ancial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $750k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?

[@The_lupo_]

I love this guy so much its ineffable. The fact that we have Mozi's knowledge for FREE IS FUCKING UNBELIVEABLE! I'm soaking up this mans knowledge everyday. If you are not, then you are missing out on a competitive advantage.

[@rppoker8541]

Poor man begging for money

[@rppoker8541]

@user-kw6ls6zh3n why you begging?

[@rppoker8541]

@user-kw6ls6zh3n why no subscribers ?

[@rppoker8541]

@user-kw6ls6zh3n Nigerian in the house

[@IsaacBlencowe]

Respect your work Alex but I massively disagree with point 7. Eating take out is not saving you money and it's certainly not improving your productivity. As the food you consume has a HUGE impact on your health especially brain function and energy levels. Eating take out 2 times a week is not only going to cost you financially it is going to cost your health too. The amount of processed oils, chemicals and preservatives in take out food is beyond comprehension and will lead to massive inflammation, brain fog, energy issues and more. Which is not helping your business or finances at all. And that's not including how expensive that is to do. $20 a day on take out is a massive waste of money in my opinion. It's not hard as another commenter has said here to meal prep and cook healthy meals in bulk. It will save you money and ensure your health is kept strong. Nothing is more important or powerful than good health. Eating take out is not going to help your finances or your health. That's the truth.

[@PineappleKev]

Grocery one is so wrong. Even if you spend a similar amount on cheap takeout, the takeout is cheap because its low quality. What you put in your body determines how well you function and can help you have more energy to work more, be more productive and set yourself up for making good health choices so that you aren’t diabetic at 40

[@andytheamerican3655]

Don’t forget though, a Costco membership includes the ability to buy $1.50 1/4 pound hot dogs with a drink. Insane value

[@ryanbarker3978]

4:51 "They will speak over you their limiting beliefs and they will often times not actually root for you. Undercut you in a sense." Came for a finance video. Ended up hearing one of the biggest life lessons I took from a previous relationship.

[@aaronax726]

Thanks for that last point man. It meant a lot. It was really refreshing coming from someone who preaches so much about delayed gratification. Needed to hear that. My wife wants to go on a. Trip and I’m a Scrooge with money sometimes. And it’s a insane budget trip. That was some of the encouragement I needed to push it into gear.