Alex Hormozi: LEAKED: Street millionaire employee training...how he REALLY got rich..

Last updated: Jun 15, 2023

The video is about personal finance and how to become independently wealthy by saving and investing wisely, regardless of income level.

This video by Alex Hormozi was published on Sep 29, 2021.
Video length: 47:04.

In this video, Alex Hormozi shares an internal company training on personal finance that he gave to his employees at Acquisition.com.

He explains how anyone can become independently wealthy by following his plan, which includes tips on savings, investing, and structuring finances. He also emphasizes the importance of not overspending and making wise financial decisions.

Hormozi's goal is to help as many people as possible become wealthy and independent, and he believes that anyone can achieve this with the right mindset and strategy.

  • Alex Hormozi is giving an inside look at one of his company's internal trainings on personal finance.
  • The training explains how to be in the top one percent without having extraordinary means of income.
  • Alex will cover different things for savings, investing, and different ways to structure finances.
  • He is the CEO of Acquisition.com, an 85 million dollar per year portfolio.
  • The goal of the training is to make as many people wealthy and independent as possible.
  • Charlie Munger's quote: "The first 100,000 is a bitch, but you gotta do it."
  • The average American has negative net worth.
  • Wealth is a ratio of what we spend versus what we earn.
  • There are only six simple steps to becoming wealthy.

LEAKED: Street millionaire employee training...how he REALLY got rich.. - YouTube

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Introduction

  • Alex Hormozi is giving an inside look at one of his company's internal trainings on personal finance.
  • The training explains how to be in the top one percent without having extraordinary means of income.
  • Alex will cover different things for savings, investing, and different ways to structure finances.
  • He is the CEO of Acquisition.com, an 85 million dollar per year portfolio.
  • The goal of the training is to make as many people wealthy and independent as possible.
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Stats and Quotes

  • Charlie Munger's quote: "The first 100,000 is a bitch, but you gotta do it."
  • Charlie Munger is Alex's number one resource for all things wisdom and money.
  • Alex's goal is to make as many people wealthy and independent as possible.
  • The average American has negative net worth.
  • People make poor choices, which is why they have negative net worth.
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Compensation and Spending

  • Compensation levels are often not correlated with how much money you make.
  • It's often about getting rid of the downside rather than increasing the upside.
  • You cannot outwork money, so ideally, you want money working for you.
  • The average American has negative net worth because of poor choices.
  • It's important to get rid of debt and save money.
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LEAKED: Street millionaire employee training...how he REALLY got rich.. - YouTube

Investing and Structuring Finances

  • Investing is important for building wealth.
  • It's important to have a diversified portfolio.
  • Real estate is a good investment option.
  • It's important to structure finances in a way that minimizes taxes.
  • Having a financial advisor can be helpful.
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Ratio of Wealth

  • Wealth is a ratio of what we spend versus what we earn.
  • Controlling what we spend can make us wealthy regardless of income level.
  • The average US minimum wage worker will accrue over a million dollars in earnings over their career.
  • The median US income earner will make over three million dollars over their lifespan.
  • Controlling the flow of money through good decisions can help us become independently wealthy.
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Identifying Our Vices

  • Wealth is a ratio, not a number, between what we earn and what we spend.
  • Identifying our vices is important to control our spending.
  • Some common vices include high heels, skincare, eating out, clothing, and coffee.
  • Gamifying the process of spending less can make it fun and interesting.
  • Playing a game of spending less every month can help us control our finances and become wealthy.
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Committing to Spending Less

  • Becoming independently wealthy is simple but not easy.
  • Committing to spending less can help us become wealthy.
  • Playing a game of spending less every month can help us control our finances and become wealthy.
  • Eliminating stress around money is possible by controlling our spending.
  • Everyone in the company can become independently wealthy by making good habits today.
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Six Simple Steps to Wealth

  • There are only six simple steps to becoming wealthy.
  • These steps are straightforward and easy to follow.
  • Following these steps can help us become independently wealthy.
  • Limiting beliefs around wealth can be addressed by following these steps.
  • These steps can benefit everyone regardless of income level.
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The Power of Saving

  • Saving just $100 a month can lead to $2.7 million by the time you're 75.
  • Small choices, like not buying new shoes or eating out less, can add up to significant savings over time.
  • Many people have limiting beliefs about their ability to save, but even starting with a small amount can make a difference.
  • Personal finance is simple, but it requires discipline and consistency.
  • Letting your money work for you through compounding interest is the key to building wealth.
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The Importance of Income

  • Your income is the primary factor in creating wealth.
  • Increasing your income through promotions or adding more value to your company can help you save more.
  • However, even those with high incomes can struggle with saving if they don't make it a priority.
  • Conversely, those with lower incomes can still build wealth through consistent saving and smart investing.
  • It's all about making choices and prioritizing your financial goals.
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The Role of Material Goods

  • Material goods do not increase subjective well-being.
  • Spending less money can decrease financial anxiety and lower your risk basis.
  • Investing in low-risk, high-return opportunities can lead to significant long-term benefits.
  • It's important to consider your fixed expenses and lifestyle when assessing your risk basis.
  • Ultimately, making smart choices about spending and saving can lead to greater financial security and peace of mind.
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The Power of Choice

  • Building wealth is a choice that anyone can make, regardless of income level.
  • Small choices, like saving $100 a month or eating out less, can add up to significant savings over time.
  • It's important to prioritize your financial goals and make consistent, disciplined choices to achieve them.
  • Investing in low-risk, high-return opportunities can help your money work for you and lead to long-term benefits.
  • Ultimately, building wealth is about making choices that align with your values and goals.
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Painting the Picture of Wealth

  • By making smart choices, anyone can become wealthy.
  • Downgrading lifestyle and making wise investments can lead to financial success.
  • With no savings, saving $2,500 a month can lead to $14 million, which is in the top 0.4% of the United States.
  • Starting at 19 years old, saving $25,000 a year can lead to $5.5 million by retirement age.
  • Smart choices and investments can lead to financial freedom.
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The Number One Drain on Net Worth

  • Interest is the number one drain on net worth, besides taxes.
  • 35% of every American's paycheck goes towards interest.
  • Franchisees are being killed by banks, who take three and a half times more than Subway.
  • Buying a house means owing money to the bank, which is the American dream.
  • Student debt is also a major issue, with banks giving loans to 18-year-olds with no earning potential.
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The Importance of Saving and Investing

  • 35% of income going towards interest means less money for retirement.
  • Starting to save and invest early can lead to financial freedom.
  • Putting 35% of income towards retirement can lead to a comfortable retirement.
  • Buying a house and a car with loans means paying more in interest.
  • Personal accountability is important, but banks are taking advantage of young people with student loans.
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The Benefits of Making Smart Choices

  • Smart choices and investments can lead to financial freedom.
  • Downgrading lifestyle and making wise investments can lead to financial success.
  • Starting to save and invest early can lead to financial freedom.
  • Putting 35% of income towards retirement can lead to a comfortable retirement.
  • Personal accountability is important, but banks are taking advantage of young people with student loans.
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Step 1: Save an Emergency Fund

  • Start saving money before paying off debt.
  • Save between $1,000 and $5,000 for an emergency fund.
  • Plan for the unexpected expenses that are 100% predictable.
  • Unexpected bills are expected, so plan ahead.
  • Save for the vacation fund for your financial fitness.
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Step 2: Pay Off All Debts (Except Mortgage)

  • Pay off all debts except for the mortgage.
  • Pay off the smallest debt first, then the second smallest debt.
  • Get the emotional victory and momentum to see that you can do it.
  • Team up with your spouse to show them how much money you could be making.
  • Pay for things in cash and have zero debt.
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LEAKED: Street millionaire employee training...how he REALLY got rich.. - YouTube

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