
Alex Hormozi - Tax Secrets, Acquisition, Productivity, Diet, Training, Lifestyle, TRT & Smart Drugs
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"You have to be worthy of the team that's going to get you to whe you want to go," he says. "The billion dollar skill, is being able to accurately judge, discern s talent and know how to lead a team of a players." He also shares his tips for getting verified on Twitter or insegram.
Alex's Instagram: https://www.instagram.com/hormozi/
Alex's YouTube Channel: https://www.youtube.com/c/AlexHormozi
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Time Stamps:
00:00:00 – Alex’s unique entrepreneurial content with no “secrets” withheld
00:03:03 – Alex’s journey from broke to $100 million revenue per year
00:08:49 – Software and machine learning to maximize leads, and does Alex regret starting a software company
00:12:10 – The inception of Acquisition.com, qualifications (revenue, net profit, types of companies, founder character traits etc.) needed for Alex to consider buying/taking on a minority stake in a new company he will add to his portfolio, and how he grows them quickly
00:40:02 – Alex’s perspective on the stock market, crypto, real estate, and why he’s mostly liquid and sitting on cash
00:43:01 – How much equity do you need to have enough skin in the game for a minority stake to be worth your time to grow the company?
00:43:43 – How Alex oversees the 8 companies he has equity in simultaneously
00:47:52 – Valuation calculations of companies, negotiating it during corporate exits, and how much Alex sold his last 3 companies for
00:55:45 – Tax strategy during corporate exits
00:59:38 – The most challenging aspects of scaling multiple 8 figure companies
01:01:51 – Finding executives and A player employees when scaling, and how to compensate them
01:08:52 – The real secret to get from $10 million to $100 million. The billion-dollar skill.
01:11:10 – Have you fired any executives, and if so, what were the reasons?
01:13:03 – Why Alex had to hire and fire 8 executive assistants until he found a winner. The difference between an administrative and executive assistant. Yearly salaries for assistants.
01:20:30 – High net worth goals have long-term time horizons, but does Alex also micro-segment his goals into yearly or quarterly objectives?
01:26:46 – Tax secrets of the wealthy and what happens when we die
01:36:16 – Entrepreneurs living somewhere they don’t want to live to save on taxes
01:39:02 – The corporate structure of Acquisition.com (LLC vs. C-Corp vs. ESOP)
01:43:10 – How much Alex spends per month to maintain his lifestyle (living like a**holes)
01:45:20 – Social awkwardness around people you don’t share common interests with
01:47:49 – Alex and I each give our reasons why we don’t want kids right now
01:50:49 – What is the most overrated piece of business advice among high-net-worth entrepreneurs? The lady in the red dress
01:54:42 – Delayed gratification and sacrificing long-term enterprise value for today’s cash value
01:57:49 – Should you take distributions or reinvest everything back into your business?
01:59:49 – Fake millionaires and our thoughts on college/university
02:06:32 – What a day in the life of Alex Hormozi looks like - How his schedule and task lists break down start to finish to optimize his time
02:15:20 – Alex and I discuss our productivity hacks to stay focused and avoid distractions
02:19:45 – Alex’s strict sleep schedule and how it adjusted the past few years
02:22:02 – Biohacks used by high performing entrepreneurs
02:25:15 – Brain fog from hard training and being “passively jacked”
02:28:16 – The biggest Alex has ever gotten, his lifts and bodybuilding stats over the years, TRT and if he is natty or not
02:37:19 – Alex’s diet. What each meal looks like every day. Productivity while fasting vs. eating.
02:40:15 – Alex’s experience with “smart drugs” and what he currently takes
02:47:30 – Entrepreneurs that ruin their productivity by trying to over-optimize their day for productivity
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