Why I Used To Be Poor? Misunderstanding of Risk, Volatility, & Return

[@LadyWithAKnife]

"I was good in school. I had a good job. I just wanted to do something else because I was miserable." That resonated with me so much

[@Babyak713]

How many people you scam like this serrr

[@pranjalsisodia5003]

3:22 Sales in one of the things which is volatile but not risky. 3:30 The most important people in a company are the ones who bring in the money. The closer you are to any acquisition channel, the more secure & imp you are. Ex - HR, Legal, Finance are all far away from the acq. channel, so they are not so imp. 5:29 Wealth is a ratio. Inflow/outflow. 10:00 Acquision channel, get closer to an acquision channel, build a team for that channel & become a rainmaker. They are paid the most in any business. + they have wayyyyy less risk. 15:51 Tracking every day, excel, tracking helps you see where things are going wrong.

[@thalessilva1]

Great notes, thank you

[@mynorportillo5941]

The amount of value from these videos is absurd, ridiculous, and remarkable!! I’m grateful for your insights.

[@matthewlanders9644]

totally agree. glad i found this dude.

[@KevinJoy7]

the size of his arms are absurd

[@francisjtuk]

@@KevinJoy7 I thought the same thing but I think that's the wide angle lens distortion at the edge of the screen. His guns are big but at the beginning of this video they looked larger than Mr Olympia's. It's an optical effect known as spherical distortion.

[@respectkev5136]

13:00 has the most important message of the whole video for me. Telling the story how it is; he went to school, had a great job, but he wanted something different. Everyone else is selling other story, the ¨school was not for me, si I became an entrepreneur¨ story

[@thepassionatefew]

Great video Alex

[@eric_martindale1711]

Volatility vs Risk. Brilliant. I’ve been in business for a while, and that is not a distinction I have made. Very nicely done.

[@YakMotley]

Awesome video man!

[@juliendemaret]

"I'll probably put a disclaimer in the description. Life is risky, no one comes out alive. " That's the best disclaimer I've ever heard. Thank you for sharing your knowledge. I like your style.

[@VoluntaryLiving]

1:48 exactly.

[@nicholashunt6261]

"and I have nothing to sell you" The best hook

[@oflameo8927]

Not it isn't.

[@BrandonDeon]

You sound like someone that isn't willing to invest in yourself. There are much better hooks than that

[@nicholashunt6261]

@@BrandonDeon i was speaking about specifically educational videos in the youtube business space. i was simply comment on hormozi's altruistic intentions lol

[@MJY3692]

The closer you tie yourself to an acquisition channel the more valuable you are because your helping close the deal - alex

[@johndoeee888]

awesome video! I have 5 streams of income. People always try to talk to me and say im doing to much. I tell them im not doing enough. I'm trying to create generation wealth. thinking for my kids and kids kids. I broke my families curse and becoming the first in my family to be wealthy.

[@DAMfoxygrampa]

Tips ? Haha

[@TwinsAndAPitBull]

Keep up the great work man! The only time I think I'm doing too much is when I focus on too many different things rather than killing it at one thing while still having the other streams of income.

[@jaynecuckney406]

Keep rising above !

[@Brendabuildswealth]

This is so amazing. Congratulations!

[@ianhorowitz5311]

"....and I have nothing to sell you..." I am so happy I found this page!

[@jvitela]

Brilliantly simple advice. Fresh wisdom from beginning to end. Love the Warren Buffett references.

[@AlexHormozi]

Ty🙏🏼

[@insightinspiration9922]

Beware of lifestyle inflation... been there and it is not worth it. The excitement you get from buying expensive jewelry or have fancy dinners is temporal, while knowing that you build your wealth through stocks, real estate, or just through saving up cash is so much more satisfying. There is a phrase from Robert Kiyosaki about life style inflation that had put me back on track “looking good but going nowhere”. My father has always been a great inspiration, too. He always has been careful with consumption while he lavishly spent money on assets like real estate. I’m glad to have people in my life who show me the way to abundance. Alex, even though only virtually, is one of them who had taught me already so many lessons in the year I’m watching.

[@markszabo1332]

Hey Alex! Im new to the channel and I wanted to say hi. The content is good..it is sound and down to earth. Thank you for sharing your knowledge.

[@johan1471]

"Life is risky no ones come out alive" 😂😂😂 you cracked me up dude

[@balboa-capital]

That's a classic Jim Rohn line; but even he borrowed it from Zig Zigler I think

[@oscsavage6325]

I know for sure Alex is bound to hit 1M+ Subs on KZbin soon, even though he has just gotten started. I've been studying and observing you for a few days only so my perspective may be skewed. But I'd say it'd definitely take under 3 years for these numbers to happen. I'm here for the journey Sir! Let's continue to grow together

[@TradingWithHunter]

what was his subs 7 months ago?

[@korianabrooks4241]

@@TradingWithHunter I subbed in Oct 2021 and almost sure it was around 100k less because I remember being surprised at the low number for such a valuable content. I think it was about 170k.

[@PapOwnYou]

@@korianabrooks4241 im still surprised he only tripled in 8 months :/ ... he could be at 1M right now ahah Maybe he's not clickbaiting enough for the algorithm

[@crazy-maxedout]

This aged well

[@rasheemthebestfirstone3274]

He just did

[@gavinadkins8386]

Amazing video Alex thank you for the valuable nuggets of info!

[@_realsavyinvestor]

I'm by no means near your wealth atmosphere currently however you've said two things I've always said to friends and family. Very reassuring

[@AJMoore4444]

Alex is a great teacher and is also entertaining I will watch any video he puts out to learn as much as I can.

[@cameronword]

Yes!!!! Now that you've said it, it makes so much sense!!! I've always understood the volatility v. risk concept intuitively, but it wasn't until you put it into words that I had the aha moment. "THIS! This is what Ive been trying to explain to my parents!" I scream into my computer screen at midnight.

[@cyclebreakers2577]

Awesome video! Love the free value you're sharing here ! Keep it up!

[@FiftyWalrus]

These videos are really great! Really appreciate you sharing your knowledge!

[@s0phic]

I applaud your honesty. This is my favourite entrepreneur and economic channel on KZbin. Keep on keeping on! 👍

[@ArlinMoore]

amazing

[@ToolWrangler]

Great content Alex. Hit on all the points.

[@AJMoore4444]

i love the intros always have "I have nothing to sell you" XD cracks me up.

[@andrewmamikins693]

The wisest thing that should be on every wise individual's list is to invest in different stream of income and don't depend on the government to bring in money especially now the pandemic is hitting the economy

[@henryclinton9317]

you are definitely right , waiting on the government is a big waste

[@andrewmamikins693]

Investments are the stepping Stones to success especially if you been guided by a professional

[@lucythompson5841]

Investing is good but investing in the right thing is the actual key to success . who is your pro ?

[@andrewmamikins693]

@@lucythompson5841 That was exactly what I did, I trade with a professional stock expert "Tamara Diane Hagan " who i met in one of the seminars..

[@jamesmaduabuchi6100]

have you made any profit working with this pro ?

[@jakegoss7290]

Doller cost average more if risk is low, dca less if risk is high. DCA over time regardless. I doller cost average OUT if risky, and DCA in if less risky.

[@WideAwakeHuman]

"Don't take money advice from people who make way less money than you"... Very simple yet very hard to grasp connector concept for most people. No one is taking diet/health advice from their 350lb diabetic aunt.

[@sayfami3927]

great stuff thanks 👈🏾💯

[@martinmenesestv]

Definitely track don't slack is a game changer, I have all of my stuff in one excel doc and it's great to know how I'm doing to motivate me and avoid bad decisions

[@picadosinferno]

This is true, I 10x my net worth in 2 years only because I was tracking it. It's just insane how useful it is.

[@RoyAntonyME]

Where did you invest or via businesses.

[@ladybird491]

Okay but say how to other people, some of your steps otherwise it sounds like just bragging.

[@picadosinferno]

Just invested in some real state which I'm renting, stocks and cryptos

[@thalessilva1]

@@picadosinferno tá aí né BR 😂😂 pica dos infernos?kkkkk essa foi boa

[@GRUBB-MUDD]

Grant says listen to billion dollar companies not individuals (he used to, but nat anymore) but what do I know

[@Backlashed]

17:00 "save off of living off your salary" I'm not sure exactly what this means.

[@nathantaib-ondemandpix972]

Your videos are both inspiring and depressing for me. I'm almost 34, have been in sales my whole life, now I'm a realtor. Only in my best years have I made 50k a year. I'm so tired of being broke. I'm not dumb, I hear people tell me that I'm brilliant and will be a millionaire one day, but I don't get what it is I am missing. I love hearing that you've made millions and you make it look so easy. I look at myself at it's sad I've never amounted to anywhere near that. Almost everyone I interact with at work makes 6+ figures per year and I'm over here barely making 30 right now. Lately I've been hesitant to try and find business by cold calling and running ads, it feels like most days it's a waste of time and money. My bills are low and nearly minimal, and I've been budgeting money as it comes in to try and be smart about it. Wtf am I missing? 😞😞😞

[@matthewmoseslee]

I would find another Agent in Office that is making what you want to make... Measure yourself & Biz against their Biz to assess where you are suffering most...be honest about where you are 'really' at w your skills vs other Agent... Then ask them for help...'If you were me what would you do?' Most newer agents struggle bc they work w bad clients...;

[@nathantaib-ondemandpix972]

@@matthewmoseslee so I actually am doing this, I've done this at both offices I've been at. As of now, I'm taking one agent's advice of starting with lease leads, that will eventually turn into buyers in the next year or two. But I kind of hate it. So many of them have bad credit scores and are nearly impossible to work with due to their income or credit or background. Despite my office being in an expensive area, I'm still able to gather up high quality clients. I have worked with a lot of pleasant clients in the past, and some of them have sent me referrals. Most of which are at a completely different price point than the other agent's clients. I've helped a few dozen people in the 100-250k range, but around my office those houses are in the 600k-millions range. I did get my first million dollar listing a few months ago, and the guy was a dick. He refused to sell less than 1M, even though his house wasn't worth that much. I worked my ass off, even cleaned his entire house on mother's day so I could get it ready to photograph. I had all 4 of my wisdom teeth removed the next day, and I still went to his house the day after to film and photograph it myself. A month later, he dropped me (and didn't even tell me directly) and listed with the top agent in our company, who copied every single thing I did when I listed it. The video they made looks exactly like mine. The photos they took are almost identical, I had to do a double take. I also spent over $1000 of my money marketing this and running ads. The agent that's been helping me out gave me advice on what to do and I followed it to a T and still ended up losing to the top agent. I know all clients arent like this, but I'm not a bad or lazy agent. I work my ass off and go above and beyond and I'm broke. It sucks 😞

[@matthewmoseslee]

@@nathantaib-ondemandpix972 sounds like you don't see the real reason why you lost the deal to the other agent... I'd ask that Agent, 'I would love some advice, you can be brutally honest...Why do you think I failed to sell the property and you were able to sell the property?' There are clearly differences you can't see, they may be so subtle...honestly we human can be the best liars when we want to be... Your ability to find the subtle distinctions of what you are doing wrong and how to correct is the big difference between where you are now, and where you want to be... There are so many other ideas, its hard to diagnose your problems in a YT comment section... Just believe there is a correct answer to your problems, you just don't know the answer...failure is just a form of feedback, but you must look at the feedback, and not get upset and create a story around how hard you worked, and all the irrelevant circumstances surrounding your failed Million Dollar Listing...the relevant fact is the other agent in your office did most the same things got it sold...its the subtle things he did(that you are not even 'aware' of) different that the only relevant facts you need to find out...

[@matthewmoseslee]

@@nathantaib-ondemandpix972 you have the start, recognizing you have a problem, working hard, but this is one of the places a coach is so valuable, because they point out the subtle distinctions that relevant to help you get the results you lack... One valuable piece of advice...is get rid of the story you have about how hard you work, and how long you've been doing sales...these don't matter, what matters is taking the right knowledge, skills, and confidence...putting it in action... I would go to my broker have them give me an assessment on what I'm lacking...if you had the same knowledge, skills, and confidence as the top producers you wouldn't be stuck making $30k... Best of Luck...hope you can swallow that advice...it can be uncomfortable to confront the truth

[@TPPG_]

Pay 3k 5k for someone who is 10 15 years ahead of you in success in the real estate industry and ask them to mentor you show u what ur missing some times it takes some one from the outside looking In to find the missing link and that could be the game changer budd good luck to you im 33 I'm new to real estate investing I'm looking to shadow and work for rei individuals in exchange for learning and being trained while I haven't gotten many offers I keep at it never give up never good luck brother

[@chrismahadeo2361]

Such a valuable video thank you for sharing and being an inspiring human being

[@nevencuk]

Alex, when you say decrease your expenses do you also mean to get out of mastermind groups? Do you participate in some of them? Do you find them valuable?

[@tbmctbmc5628]

As soon as he said don't listen to millionaires only listen to billionaire I started turning the video off. Lmao.

[@costafilh0]

Life is risky! No one comes out alive! Best advice EVER!

[@theoneeyedshaman6884]

Your channel is a gift my brother. Hidden gem for sure!

[@screendrem]

Righteous. That which gets measured gets managed. Need a reminder from time to time. Thanks!

[@sandinocastillo1900]

Thanks for sharing Alex! Best business channel

[@domingorangeljr]

ALEX! Love the content. Would you consider making a video explaining money/wealth in a way that a teen would understand? My son just got his first job and my wife and I are trying to teach him about money management. Thanks for the awesome content!

[@gestalt1984]

Thank you for another great informative video!

[@alejandrohpcb]

Great video ! Please keep droppping the gemss

[@Cityofwind.]

10/10 advice but I have to tell you bro that spirit airline tip was awful.. it is dangerous to fly and they upcharge you like crazy when you get there so it equals out

[@Photomonon]

Easily one of, if not the, most valuable channel on the entire platform right now... Much obliged, Alex Hormozi!

[@BrianDoolittleAustin]

Dude this is 🔥 thanks. I feel like at the end of this video you should break something!

[@richardoxford2523]

So, like so many other's have already stated... Great video, Alex! Aside from the obvious value your pouring out to the general public, what I truly find admirable about what I've seen from you is your genuine nature. You strike me as a pretty solid dude. That's commendable. The value to that, in and of itself, far outreaches all the other attributes here -- Probably combined. I'll extend to you what a dear friend once told me -- "We're a dying breed." Blessings to you and your wife, my friend. May life keep rewarding all your generous efforts greatly.

[@Ren-hd8di]

Are you guys hiring sales people? Lol. I’ve been in door to door sales for 3 years and been living off of straight commissions. I’ve cleared about $100,000 a year since I was 19. I’m 22 now. Dropped out of college to pursue sales. I’ve been looking for better opportunities. Been watching a bunch of your videos and realized that I spend too much money and I could’ve been in a way better position if I just lived a more simple life haha. I have a lot of experience generating sales from the doors which I think is one of the hardest things to do haha. Let me know!

[@lentilreflection2676]

This is the 4th Alex video I've smashed the like button. Thanks!

[@kendramaya]

Amazing. Exactly the information I needed to better structure my personal financial goals, and beyond to increase income and impact (by figuring out more ways to add value and building a team). Thanks!😀

[@NolenFelten]

"Don't listen to people who make less money than you" - I got to disagree with Alex and others that say this because I have gotten wisdom from unlikely places. I love everything else.

[@DanielTapia]

Dang. Good stuff 😎😊

[@glennyaney9534]

"No one comes out alive" Great video. The Hedonic Treadmill is real

[@armanngu]

People need to stop going to college and start watching this man's videos, like if you agree

[@Otot_B]

100% when you talk about how consistently tracking net worth helps give you a good understanding on the flow of money. awesome channel keep it real! :)

[@MagnumEDU]

Your the Gold Standard my guy!! Thank you Alex

[@NetanelColish]

tysm!

[@junky802]

Based banking options

[@DanielSquires]

*Wealth is a RATIO not a number* 💎

[@GoZipper]

Student loans are basically indentured servitude.

[@savasanaepsom7268]

that is nice paper, where can we buy this presentation paper?

[@nicholasdillaha6353]

Freaking love this guy.

[@taz3567]

What system or template do you use to track your wealth?

[@melindajonathan8535]

thank you Alex risk is a key factory when it gets to financial independence thank you for making us understand this. the risk that made me who i am today in working with an European contract trader pavil Conrad it definitely paid after numerous failures but also risk wisely don’t know who need to hear this

[@alexislucas3461]

this pavil what does he really do and all people say about him is it true ?

[@blakealik8819]

good video Alex

[@beckymilton2029]

i was surprised to see pavil Conrad being mentioned here makes me so happy i also work with pavil have you started receiving your weekly bonus aside profit ?

[@ryanongley6895]

Please can i get the contact of pavil conrad have seen his review on two financial podcast but i was not ready to work with him then ?

[@mardywilly6135]

important video Alex please keep this fire burning

[@toddg4258]

17:46 I died when you stopped to laugh at fancy pants

[@nathanbilly7302]

Crazy eye opening examples

[@RobertBilling]

Good stuff!

[@yakokillc3197]

“Words matter!” Truly explain things to yourself! If you don’t then you still don’t get it…

[@formatagfys1903]

But how about taxes? U say 40k 100k but the taxes is a killer in those things and will eat a lot of those $$$ in general

[@costafilh0]

Don't try to time the market. But if you can just buy more when in big corrections. It will make a huge difference on the long run!

[@neelrao7188]

200K Sales person have to pay the Tax on his income, right? But small business owner who is generating 200K revenue can show xyz expenses and reduce the Tax. What do you think Alex?

[@Monas99]

Wow, Alex, you had me at " I just want to become the best human I can possible be." I have a new respect for you, so thank you for sharing your experience and wisdom with the world. I'm very grateful for all the amazing work you're doing.

[@myyntisuurvisiiri]

"I hope you find this valuable?" I did, thanks!

[@ahinojosa007]

Recent subscriber and really enjoy your humble strategic advice. Thanks for the free game! Omw to the top 10% 🙏🏼

[@Jonerod]

I’ve been tracking for 2 years now guys. Sometimes you just gotta make more no matter how on top of it you are. Keep working hard and finding better opportunities!

[@eugene7462]

This really changed my mind, really valuable content

[@socman002]

You are a machine. I've never seen someone with such biological prowess, be so well spoken. You make me feel like crap. But I love you anyway. :)

[@buildingsfunnels5867]

other than taxes.. but I get your point. I imagine you are sheltering that 115k a year in real estate or such.

[@HeroicHuggins]

My man great video!!!

[@Drjakeylareed]

So true I look at my bank account everyday

[@lewisurfer]

incredible value in all your videos thank you!

[@voltairepabustan]

This is amazing💪🏼

[@julianbryant8230]

Favorite KZbin channel by far

[@relikvija]

+1036$ Dude, that's far away from poor

[@MobileShots]

What is the point of having m/billions when you're on your 60s?

[@krenthabohl]

So, the only thing risky about volatility is not knowing what you are doing.

[@ColterBergh]

"fancy pants" made me lol 17:43

[@kentonrael1747]

Great video, but how can anyone live off $25k/year?

[@LadyWithAKnife]

I did for one year, while paying off my student loans and living by myself in California. I paid $34k back during that year and lived on $1500-$1700 a month.

[@austingray6885]

Ask a poor person

[@JuniorStil]

This video single handedly changed my life.

[@jefferyrussell9099]

this is no joke the best channel on youtube imo

[@eotmanoftheyear]

I hope “his” housing cost is less than $2,000 a month. $2,000 x 12months = $24,000

[@fiftyfiftyone]

Sick traps bro

[@omestartamv6251]

Thanks, as always.

[@zaclegend132]

WWWOOOOOOOOOOO!!!! LETS ALL BECOME RAIN MAKERS!!!!

[@Matheus-yb2mr]

Anyone know any good finance tracking app?

[@photogirlmisty]

Thank you for this!