Does Having Kids Make You Poorer?!

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.

[@Baqsam]

Healthy body = healthy mind = money making

[@ninjaempire9093]

Well, hormozi doesn’t exactly promote a healthy diet.

[@Baqsam]

@@ninjaempire9093 But he promotes working out, which is healthy

[@ShingleSlingers]

Dude, when I started working out like a madman, my career changed. What I figured out is that I have to work out five days a week just to keep myself focused and moving forward. I don’t think I can do what I do if I stop it.

[@pokesteve8603]

I’d say it depends on timing. Every wealthy person I know had kids in their 40s. They spent 20 years getting where they wanted to be and then had kids. We had kids in our early twenties and it’s tough. Paid $600 for them to register in school and it hurts. Took them on vacation and had to dip in to savings. Paid for a broken arm and braces. There’s a certain level where kids can make it harder to do the things you want to do because your torn between being the best parent or the best you. Sometimes those aren’t the same thing.

[@aidenellis1681]

Did those billionaires have kids before or after they got significantly wealthy? Do they actually spend time with their kids? If the answer to both is yes then that means having kids would have costed them wealth in the long term. If the answer to both is no then that means having kids would not cost them wealth in the long term because they already have it and the amount they would spend on their kids is insignificant to their overall wealth and/or the time they spend with their kids is insignificant to their overall wealth. So I don’t currently believe this point is a good one. Please correct me if my thinking is wrong. Thanks

[@cakepie3484]

Its just prioritization. Personally knowing people at different parts of the income spectrum, each either with kids or without, ive found the most dedicated have multiple kids AND spend time with them. They just have more drive in their working hours, then spend the last few hours in the day with family. From personal anecdote, his point stands.

[@kammaral1]

Exactly. The other thing is every single one of those at the top was male. Even if they have kids, they probably have a current or ex-partner looking after them. As a woman, with kids - Alex's argument falls flat.

[@Msangel06]

After.. and they are white males. In addition, none were poor or were in poverty. They all had money, good paying jobs, and associated with the same type of people. They wasn’t making fast food employees income.

[@juliusx9953]

Well that depends on a) what kind of parent you want to be and how the situation with your partner is. And b) how successful you want to be/ how fast you want to achieve that. - Benzos is putting a bigger focus on family rn, but he is only able to do so because he is able to delegate alot of work. His personal attention is probably only needed for strategic desicion mankind and the occasional (urgent) crisis situation. If you are needed for operational side of business it's a whole different ballpark. Kevin O leary says in multiple videos that his greatest regret is that he did not spend more time with his kids while building his business. But would he have have been able to get as succesfull if he had done so?

[@JoshuaGill]

Basically whatever someone BELIEVE is the reason why they aren't wealthy will be true to the beholder...

[@belamourbeauty]

All those men billionaires have women behind them raising the kids while they work… Show me a woman who does this.

[@kammaral1]

EXACTLY

[@Msangel06]

Exactly.. they always flash white men. Smh meanwhile women raised the kids.. you can’t do both.

[@MrDontask007]

This is dead wrong. Take the median of families with kids and families without. Tell me which makes more. If having kids made more money - women would have higher income than men, right?

[@goomba8170]

Women don’t have more children than men lmao

[@kammaral1]

Hit the nail on the head. I am a woman with kids, running my own business. Couldn't put a lot of time into the business until the kids hit school. Not a lot gets done once they get home from school or when one of them is sick or on school holidays. They are my priority and that does mean that the business often has to take a back seat. Notice how none of the people at the top of the pyramid Alex showed were women. There's a reason for that.

[@JermaineUnfiltered]

I’ve never understood why people have kids when they have no money. It’s a cops on how bad there life has become and so they think having kids will make them happy.

[@tonyh6620]

Taking the absolute extreme outliers to use as the basis for ur argument for or against something is a horrible argument. A better one would be statistics of the average household with children vs without.

[@FelixVDW]

Yup

[@samricher]

Also proves that living frugally is not going to solve your money problems. Eventually you have to make more. A lot more

[@WOok2a]

That’s like assuming Goku became the strongest in the universe by training a lot. Nah… it’s the broken zenkai/SS multipliers that got ‘em there.

[@angelomendoza6894]

lol amazing take

[@user-wj9si6wu8n]

Exacto mi amigo

[@cxa011500]

There are A LOT of poor families with kids though 🤔

[@samlee1546]

@@fulanalfulani8707 well it cost a shit ton of money to raise kids

[@Wendalster]

It’s all based on they mindset

[@akamesb4540]

It can depend, poor families have less access to education and protection, so that can influence.

[@evilds3261]

Reducing your expenses helps you to maximize your gains. Children are MASSIVE expenses. Correlation does not imply causation.

[@TheMaleRoleModel]

I wouldn't recommend kids for trying to make more money... it's mad stressful. But having kids absolutely puts you in the mindset of I have to do more

[@zinknot]

Have kids to make more money for you. In many other countries they put them to work soon as they can walk and talk. I'v seen many 4 or 5 year olds hustling selling snacks on the streets of Mexico city.

[@Patrick-pv9pe]

Alex Hormozi 👉 Alex Becker

[@SERRRRRRRR]

Becker has had a girlfriend for the last 7 years!

[@InviableTrader]

Agree having a kid is the best choice I’ve ever made. Forces you to get serious about life. Been leveling up ever since. I just wanna make sure my child has the best life.

[@zsheikh1234]

You needed a kid to get serious?

[@zinknot]

​@@zsheikh1234I did. Just living for myself isn't very motivating. Having kids gives me motivation and joy. Plus I am training them to be more successful than me and I will enjoy seeing their success while I'm on the way out.

[@zinknot]

By best life do you mean providing them everything? Aren't you worried about making them soft?

[@InviableTrader]

@@zinknot how is that going to make them soft? You can give your kids a good life and still teach them to be strong. It’s ok if you don’t know what your talking about. Just don’t try and act like you do….

[@nishuboi2009]

@@zinknot you put them in the death trap to give meaning to your life. they will eventually die because of you.

[@digitalsoulopreneur]

Belmar for sure

[@TVGestalter]

So I guess it's time for Alex to make some kids...

[@keifer7813]

"If it were true that having kids or working out were things that would cost you wealth in the long term, then the people who are at the top of the pyramid wouldn't have those things" That's not logically correct. They could be there DESPITE having kids.

[@zinknot]

I'm having my kids in other countries, they will learn at least 3 languages and have a financial education. Then they can come to America as immigrants and become very wealthy. It doesn't matter if I'm poor, I'm investing everything in my kids success.

[@blacklyfe5543]

Yes

[@jasonrumsey9145]

Fill your cup first so that it may overflow into others'

[@CVLLOUS]

Alex x Iman collab please 🔥👀

[@xanderwahlberg]

yess bro

[@livelikeandrealves]

This is key 🔑

[@Jay_Carter]

iman maybe i dont think so tho

[@testing6753]

Can someone offer me some advice on putting yourself or others first in life? What should be the ratio?

[@edheldude]

You always fulfill your needs first (unless it's an emergency). You cannot serve others unless your own cup is full. When it's full or overflowing, you can share from it. Most people try to help others from a self-serving place because they're needy. They're seeking validation, trying to please or manipulate, or compensate their wounded ego. If you're fulfilled when you're helping others, you can remove yourself from the equation and effectively focus on others thus being able to help them better.

[@testing6753]

@@edheldude Thank you. A lot of the stuff you mentioned had applied to me. I was always putting others first from a place of yes from good heart but also from self serving places like guilt, a bit pathological sense of high morals and sense of validation and such. Ironically, this only made my resentment grow bigger and the relationships were ruined. I now realize there has to be a balance. I still feel a bit guilty just sensing all the selfishness and hypocrisy in myself and the world (how people believe we are good and some believe in "God" yet we justify everything we do for ousrelves only, not others and put no effort into makin the world a better place) But you are absolutely right. Thank you.

[@retrac3147]

My guess is hamza

[@Dhruv_Toppo777]

I think iman gadhzi

[@narayasuiryoku1397]

It's definitely not Hamza. I don't think it's Iman either.

[@kareem199928]

Having 1-2m subs is not that famous imo so probably not any of them

[@he672ro5]

Maybe peterson or the diary of the ceo

[@pio7763]

Anegdothical evidence 😂

[@Mark-fd4qh]

Yes but Elon and Jeff and especially bill do not work out 😂so…

[@ammar-kahrimanovic]

Hamza?

[@yeatdagoat173]

i think iman gadhzi cuz he basically created the term "monk mode"

[@gmoney1089]

Buff homeless dude...

[@RatnaRakshit-bu2zv]

Pin or you will lose your subscriber's

[@riddxm5325]

But u said that we should look at how they got there and not what they are going right now. Maybe if u have momentum and the snowball it’s extremely big it’s okay or even better to have kids(? But training it’s no negotiable ofc