Alex Hormozi: The truth about retiring at age 31 with $100,000,000

Last updated: Jun 15, 2023

The video is about Alex Hormozi's journey to retiring at age 31 with $100,000,000 and how he realized that the goal cannot be to stop working, but rather to find hard work that is worth doing.

This video by Alex Hormozi was published on Dec 3, 2021.
Video length: 14:14.

In this video, Alex Hormozi talks about his journey towards retiring at age 31 with a net worth of $100,000,000.

He shares his struggle with feeling depressed and stagnant in his pseudo-retirement, and how he realized that the key to his happiness was not in achieving more financial success, but in finding meaningful work and challenges.

He emphasizes the importance of hard work and how it shapes us as individuals, and how removing the focus on outcomes has been the most liberating thing he has ever done.

  • Alex Hormozi earns millions from passive investments and lived in pseudo-retirement for 9-12 months.
  • Hard work is important for personal growth and removing challenges can lead to stagnation.
  • The goal is to find hard work that is worth doing and the struggle is what makes it worth it.
  • Removing the outcome allows for true presence and enjoyment of the journey.
  • Appraise success based on hard work and the work itself, not external factors.
  • Transition towards hard work as the goal, not the outcome.
  • The goal is not to retire early with money, but to find fulfilling hard work.

The truth about retiring at age 31 with $100,000,000 - YouTube

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Passive Income and Pseudo-Retirement

  • Alex Hormozi makes multiple million dollars a year from passive investments.
  • He struggled with this fact because he had removed himself from the portfolio of businesses they own.
  • He lived in pseudo-retirement for nine to twelve months.
  • He was depressed and couldn't find a way out because he kept looking for the next goal post.
  • He and his wife have now crossed about a nine-figure net worth.
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The Importance of Hard Work

  • Alex realized that the goal cannot be to stop working, but rather to find hard work that is worth doing.
  • Humans wither without adequate challenge.
  • He had removed the challenges in his life and felt stagnant as a result of no challenge.
  • The single chorus that he continues to react to is "hard work."
  • Your work works on you more than you work on it.
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Work Worth Doing

  • Hard work is work worth doing.
  • The fact that it's hard makes it worth it.
  • The times that Alex enjoyed most in their entrepreneurial journey were the struggle.
  • We do not have values until they are tested.
  • To the same degree, we cannot grow unless we have something to match the ability to conquer that we have now.
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The truth about retiring at age 31 with $100,000,000 - YouTube

The Liberating Feeling of Removing the Outcome

  • Removing the outcome truly has been the most liberating thing Alex has ever done.
  • He can't begin to tell the joy that he is feeling in being truly present because the work is the goal.
  • The work is what gives him purpose and meaning.
  • He has shifted his course to focus on the work itself, not the outcome.
  • Removing the outcome has allowed him to be truly present and enjoy the journey.
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The Goal is Hard Work

  • The goal is not to stop working, but to find hard work that is worth doing.
  • Hard work is the goal, not the outcome.
  • Working hard allows the process to be meditative and gets you into flow.
  • Flow is one of the best feelings we can have in our experience.
  • Seek opportunities to work hard because the work is the goal.
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Appraising Success Based on Hard Work

  • Appraise success based on how hard you worked and the work itself.
  • Don't allow chance, luck, chaos, or circumstance to dictate how well you did.
  • The only actual thing that we can control is the work we do.
  • Your ability to work itself is improvable.
  • You can increase your capacity to work hard and well by working hard and well.
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Transitioning Towards Hard Work as the Goal

  • First phase was driven by outcomes that would impress others.
  • Second phase was creating outcomes that would impress himself.
  • Third phase is transitioning towards hard work as the goal.
  • Being at the mountaintop of success does not bring fulfillment.
  • The hard work itself is the goal, not the outcome.
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Conclusion

  • The goal is not to retire early with a lot of money, but to find hard work that is worth doing.
  • Hard work is the goal, not the outcome.
  • Appraise success based on how hard you worked and the work itself.
  • Transition towards hard work as the goal, not the outcome.
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The Goal is Hard Work, Not Retirement

  • Alex Hormozi retired at age 31 with $100,000,000.
  • He realized that the goal cannot be to stop working, but rather to find hard work that is worth doing.
  • He repeats the chorus in his mind to try and work hard.
  • Hard work is the goal and it feels amazing.
  • He worked to the limit of his capacity to work true and honest to himself.
  • He desires the character trait of hard work and work ethic.
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The Value of Hard Work

  • Most of us work just enough to escape the social negative consequences.
  • If you are only truly motivated by the negative consequence then you do not have the value.
  • The value that Alex is trying to grow in himself is the ability to work.
  • He gets to test this every day.
  • He can have work that is good enough that people will see it and think that's good stuff.
  • He would know that it wasn't as good as he could have made it but he gets that opportunity again tomorrow to try and raise the bar.

Watch the video on YouTube:
The truth about retiring at age 31 with $100,000,000 - YouTube

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